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
O
Objections -

This is where a Jockey or Trainer objects to the conduct of a participant in a Race and an investigation is carried out; similar to a Steward's Enquiry.

Odds -

This is another name for the price. The chance offered for a selection to win.

Odds-against -

This is when the amount you win is more than your stake.

Odds compiler -

This is a person who sets the odds by using research, their own knowledge and judgement about a sport.

Odds-on -

This refers to a price where you have to stake more than the amount you expect to make as profit.

Off the bridle -

This is when the horse has to be urged on by its jockey.

On the nose -

This is backing a horse to win only.

Outsider -

This is the opposite to the favourite, usually to be found at lengthy odds. Also known as a 'Longshot' or 'The Rag'.

Overround -

This is profit margin in the bookmaker's favour.

Over/under -

This is a bet on whether the total points or goals scored by either teams or selections score over or under a specified number. For instance in a football there will be an under/over market on the total match goals, also in Tennis there will be a market on under/over total games played.