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
T
Tattersalls' Rule 4 (C) -

If a horse is withdrawn without coming under starters orders, and there is insufficient time to re-form the betting market, backers of the withdrawn horse are entitled to their stakes back. However, deductions are then made to winning bets. Details of the relevant deductions are in the General Betting Rules.

Tic-tac -

The sign language which UK bookmakers use to communicate with each other oncourse.

Tips -

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

Tipster -

This is a person who gives or sells to punters his estimate of likely winners of a race, game or event (also known as a 'Tout').

Totals -

These are Sports bet on whether the total score will be over/under a given mark.

Tote -

The tote is where all the bets are pooled together and the odds are worked out after 'The Tote' have taken their % of the amount wagered returning the remainder of the pool to the winning tickets. Winning dividends are calculated by dividing the total amount of stakes entered into the pool (less deductions) by the number of winning units. The % taken from each pool bet offered differs, in the UK for example Win single pool deduction is 13.5% and the Placepot pool deduction is 27%. The pooled bets offered by the Tote are: Win, Place, Exacta, Trifecta, Quadpot, Placepot, Jackpot, Scoop6 and Swinger.

Trap number -

In greyhound racing, greyhounds start from numbered boxes (usually one to six but is some race there are eight) which are called traps.

Treble -

A Treble consists of 1 bet involving 3 selections in different events. All must be successful to get a return.

Tricasts -

This is a popular bet where you have to correctly predict the first, second and third in a particular race. Tricasts are only accepted on: Horses : Handicap races with 6 or more runners Greyhounds : Featured race meetings.

Trip -

This is the race distance.

Trixie -

A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return.

Turf accountant -

This is the UK euphemism for a bookmaker