T
Tic-Tac
The sign language in which Bookmakers communicate with each other on the course.
Tipster
Individuals or businesses whose job it is to provide hints or tips about the likely outcome of a race or event. Some tipsters publish their advice in newspapers or for free on the Internet; others charge for their services. There are many types of tipsters; the best ones submit their tips to proofing services that track the success of their tips over the long term.
Tissue Prices
The forecast of how the betting will open.
Tote
Its full name is the Horse race Totalisator Board. It is a pool or ?pot? based system. All bets are pooled and following the race the pool (less deductions - the Tote?s profit) is shared out among those who won. This means that your bet isn?t made at fixed odds as the amount you stand to win is affected by all those who have bet before and after you. Tote prices - they call them ?will pays? (an indication of what you would win if there were no bets after yours) are shown at racecourses and on the Tote?s web site. In practice although there are usually some small differences between the Tote?s prices and Bookmaker?s prices, they end up pretty even. Some punters have famous stories about big differences on outsiders.
Treble
A Treble consists of 1 bet involving 3 selections in different events.
Tricast
A wager that involves correctly predicting the first, second and third place in a particular event. This wager can be permed. Normally offered on handicaps of eight or more declared runners and no fewer than six actual runners.
Trixie
A Trixie consists of 4 bets involving 3 selections in different events, i.e. 3 doubles plus 1 treble.
True Odds
The odds as they would be if they reflected the actual probability of winning (as opposed to reflecting where the money goes). For example, if you keep rolling a dice for long enough, a six will come up on average 1 time in 6. In this case, the true odds are 5-1, because you will lose 5 times for each time you win.
