Betting Terminology

Check our betting glossary to get explanations around the main betting terms in the industry.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
F
Favourite -

The favourite is the shortest priced selection in an event. (also known as the 'Jolly' or 'Sponk'). You can select the 'unnamed favourite' if you don't want to pick any horse in particular. This will be the runner with the shortest price when the race goes off. When two selections share this position they are named 'Joint-Favourites'. If you back a successful joint-favourite you need to halve your stake to calculate the returns. If three or more share this position they are named Co-favourites. If you back a successful co-favourite you need to divide your stake by the the number of favourites to calculate your winnings.

Field -

To have a winning chance or the handicapper's rating number that identifies the winning chance.

First goal scorer -

This is a bet on who will score the first goal in a Soccer match.

First try scorer -

This is a bet on who will score the first try in a Rugby match.

Fixed odds -

Fixed odds are prices which are not dependent on the outcome of an event. Unlike 'Spread Betting' you know how much stake you are risking.

Flag -

This is a bet consisting of 23 bets (a 'Yankee' plus 6 'Single Stakes About' bets in pairs) on 4 selections in different events.

Flat racing -

Begins in March and runs through to the middle of September on turf. Races are run over a minimum distance of five furlongs and a maximum of twenty-two furlongs. A furlong is 1/8 of a mile, there are 8 furlongs in a mile. When a race is 8f or more they are shown differently on a British Racecard, for instance a 12 furlong race will be shown on the racecard as 1m 4f, a 14 furlong race will show as 1m 6f. The official Flat Racing season now runs all year round to include races run on all-weather surfaces such as at Lingfield, Kempton, Southwell, Wolverhampton and Chelmsford.

Forecast -

This is a horse or Dog racing bet where you have to correctly predict the order of the first two selections. This bet can be reversed or permed.

Form -

The 'Form' is the history of a selection's race performance.

Fractional odds -

These are commonly used for betting in the UK, and for Future bets on US sports. Fractional odds give you your Profit excluding your stake, so your stake needs to be added back in to calculate your Total Return. For example: £10 @ 6/4 = £15.00 (this is your Profit) plus your stake = £25.00 (your total return). To convert the fractional odds to decimal prices, divide the left hand figure by the right hand figure and add 1. For example: 6/4 + 1 =1.5 +1= 2.5 (therefore £10 x 2.5 = £25.00 = your Total Return).