A bet on a match predicting the double of first scorer and correct score.
A seven-fold accumulator consists of one bet involving seven selections in different events.
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.
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.
A six-fold accumulator consists of one bet involving six selections in different events.
SP (Starting Price)
The odds determined by the official starting price reported 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.
The spread is similar to a handicap, whereby a figure will be appropriated by a bookmaker as an estimated handicap. This provides extra interest on apparently one-sided fixtures, as punters can guess whether a side will be able to 'cover the spread.' For example, New Zealand are heavily favoured to beat Japan, but the margin of victory can be estimated at 60 points. Therefore 60 points would be subtracted from New Zealand's final points total to create a spread result, and if they won by 61 they are deemed to have covered the spread.
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, at 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 that 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.
Amount of money you give the bookmaker when placing a bet, and therefore the amount you will lose if the bet loses.
A horse or participant which is backed significantly prior to the event, causing its odds to shorten markedly.
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.
A super heinz consists of 120 bets involving seven selections in different events; i.e. 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, seven six-folds and one seven-fold.
A super yankee (or canadian) consists of 26 bets involving five selections in different events; i.e. 10 doubles, 10 trebles, five four-folds and one five-fold.