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Seven-Fold Accumulator
A Seven-Fold Accumulator consists of 1 bet involving 7 selections in different events.
Shortening
Odds that are shortening in the market are getting smaller. Prices that are getting shorter or lower suggest the market believes the likelihood of that result is better than the odds on offer.
Single
The most common and simplest kind of bet. A single wager on an event. The single can be win, each way, or win and place. See relevant terms.
Six-Fold Accumulator
A Six-Fold Accumulator consists of 1 bet involving 6 selections in different events.
Spread Betting
A form of betting derived from financial markets where the punter bets on a 'spread' of numbers relating to the particular event - for example, runs scored in cricket, points in Rugby Union, or the number of lengths between named horses at the end of the race. The Bookmaker quotes the spread: say, regarding the number of points to be scored by one side in a Rugby game, 28-30. If you think the side will score more than 30, you 'buy' at 30; if fewer, you 'sell' at 28, and stipulate your stake per point. If you buy the spread at £1 and the team scores only 25, you lose £5 - 30 minus 25 leaves 5, which multiplied by your stake is £5; if that team scores 35, you win £5. The attraction of spread betting is that the more right you are, the more you will win - and by the same token the more wrong you are, the more you will lose.
Note: you cannot have a spread bet unless you have an account with the Bookmaker concerned, since you cannot stake the bet in advance as you do not know how much you might lose.
Stake
Amount of money you give the Bookmaker ? therefore the money you will lose if the result is not what you predicted.
Stewards Enquiry
Racecourse stewards will investigate an objection or suspected infringement of the Rules of Racing. This may amend the result, so bets are not settled until the outcome of the enquiry is known.
SP (Starting Price)
The odds determined by the official starting price reporters on the racecourse at the start of the race, which is an average of the odds being offered at the racecourse. For certain races, some Internet and other off-course Bookmakers will only quote SP for each participant rather than different odds. This means that the off-course Bookmaker has not determined their own prices for this race and is letting the market be made at the racecourse. Typically this happens when the volume of money and the number of bets placed on this event with the off-course Bookmaker is too low to make a representative market of their own. Accepting the Starting Price from a Bookmaker means that you don?t know exactly what the odds will be when you place your bet.
Steamer
A horse or participant which is backed significantly prior to the event, causing its odds to shorten markedly.
Super Yankee
A Super Yankee consists of 26 bets involving 5 selections in different events, i.e. 10 doubles, 10 trebles, 5 four-folds plus 1 five-fold.
Super Heinz
A Super Heinz consists of 120 bets involving 7 selections in different events, i.e. 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and 1 seven-fold.
