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
P
Patent -

It is possible to 'Perm' selections. E.g, if you have made 3 selections (A, B and C) you can 'Perm' every possible double. In this case, all the doubles possible are AB, AC, and BC making a total of three bets. If you have made 4 selections (A, B, C and D) you can also 'perm' all the possible doubles from these four. Now the doubles are AB, AC, AD, BC, BD, CD; a total of six bets.

Photo-finish -

This is a method of determining the result where there is a close finish using Photographic evidence.

Picks -

These are the selections chosen by an expert to bet on (also known as 'Tips').

Placepot -

UK Tote bet where your selection in the first six races of a meeting has to be placed to receive a share of the pool. Jackpot bet also available where your selection in the first six races of a meeting has to win for you to receive a share of the pool. Paid to £1.00.

Price -

These are the odds offered for a selection.