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