iGaming Products┃ Sportsbook
In the United States a sportsbook or a race and sports book (sometimes abbreviated as book) is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. A sportsbook is the same thing as a “bookmaker” or “bookie.” It’s a company or individual who accepts bets from individual sports bettors.
There are currently 330 names in this directory
Used to explain their running around a yard or house at break-neck speed and throwing in some tight turns. Greyhounds are sprinters so they gather speed up quite quickly and love to delight their owners with their antics.
A/T/C (Any to Come)
A bet covering two races. If the first selection wins, a set amount from the winnings - usually the same amount as the original stake, is placed on the second selection.
ABB (Association of British Bookmakers)
The Association of British Bookmakers (ABB) was founded in October 2002 and is a British trade association that represents some of the most important bookmakers in Great Britain.
This is similar to a parlay in that it involves a series of bets in one wager. Each of the bets must win in order for the wager to win. If one leg of an accumulator loses the wager loses.
There are many non-profit greyhound adoption groups/ organisations across the world which are committed to finding family homes for retired greyhounds.
Against the Spread
Popular in spread betting, you try to find which team will cover the spread and not win the match.
Horseracing that takes place on an artificial surface. There are three types of all-weather in the UK and Ireland: Polytrack (Chelmsford, Dundalk, Kempton and Lingfield), Fibresand (Southwell) and Tapeta (Wolverhampton and Newcastle).
All sportsbooks offer lines (point spreads) on sporting events. Some sportsbooks may offer different (or alternate) point spreads that pay different odds for the same game. These provide bettors more options to wager on certain games.
American odds are displayed differently than the rest of the world. Moneyline odds are shown as + or – a number in the US. Outside of the US, the same odds might be presented with a decimal point or by a fraction. Example: Yankees +400 American odds would be 5.0 or 4/1. The bettor takes home the same amount of money if the wager wins.
A bet before the day of the race or event, based on the odds being offered at the time. In terms of horseracing the stake is lost if the horse is withdrawn before the race. If an ante post selection is balloted out of the race the bet is void, the stake is returned to the punter. Bets may be placed weeks or even months in advance.
At a greyhound track, an area in the immediate proximity of the track where clients may watch greyhound racing at close range; there is only a fence line between the track and the apron.
A punter who is seeking even the slightest sure profit. This is usually done by taking advantage of the different odds on various online bookies and placing bets on all outcomes.
This betting strategy involves placing a wager on all possible outcomes of an event so that that there’s a guaranteed profit regardless of the winner. This is best done with moneyline or futures wagers in the US and will usually take place across multiple sportsbooks.
A trial where the greyhound is allowed to catch and grab an artificial lure after running a nominated distance.
In greyhound racing, modern, more civilised successor of a live lure (e.g. hare or rabbit); the artificial lure can be either mechanical (mostly), or non-mechanical (rarely)
An alternative way to bet soccer where the better team is “handicapped” to be the favorite. This form of betting was started in Asia.
This is a popular term for a team that covers a point spread late in a game. The team with the late cover may or may not affect the actual result of the game, just the wager.
BAGS (Bookmakers Afternoon Greyhound Service)
A race program of greyhound races in the morning / afternoon.
The total amount of money possessed by the players for gambling is known as bankroll. or total amount of money a bettor has to place wagers.
This refers to those horses with the longest odds and not quoted in a betting show. A term meaning 50/1 or higher odds for a horse not mentioned in the betting forecast
A dog racing track located in Manchester; in 1926 it hosted the first British greyhound race on an oval track; in French, belle vue means "beautiful view."
Best Odds Guaranteed
A special offer whereby your bookmaker agrees to settle your bet at the starting price (SP) if it is greater than the early price you took when placing on your bet.
A betting platform where people wager against one another instead of betting against a sportsbook. The exchange operator takes a small percentage of winning wagers. This is often seen as the most efficient market for sports betting.
A levy payable on off-course bets to the Horserace Betting Levy Board and used for the benefit of horseracing.
A betting unit is the amount of a typical wager. Bettors may have different sized bankrolls and a unit is a way to share how much was bet without giving away a specific dollar amount. For example, a high roller might have a unit size of $10,000 per wager while a low roller has a unit size of $20 wager per wager.
A document which you can send to your greyhound's original owner in which you request that the ownership be transferred to you (more details available by contacting National Greyhound Association).
Odds displayed on the boards by an on-course bookmaker. Starting Prices are derived from these.
Bonuses & Consolations
Certain special bets will incorporate promotional bonuses or consolations (especially around big festivals). Check with the bookmaker you are using for the full terms and conditions.
A registered company that offers odds and accepts bets on the result of sporting or other events.
A multiple bet consisting of 26 bets (10 doubles, 10 trebles, 5 four-folds and a five-fold).
A term for the team that is the favorite in an event. This team or player is usually a big favorite. The chalk is the expected winner by a large margin.
Having lost money on a bet, "chasing" is having another bet simply to try and get back the loss, usually on a random wager.
Sometimes you will see a Greyhound that looks like they are freezing because their teeth are chattering when it is a nice warm day. They are not cold but rather this indicates excitement.
You have heard the saying with potato chips that “you can’t just have one” Ex-racing Greyhound owners use this term to tell people that if you have one, another one is just a matter of time, just like eating potato chips. Explains why most Greyhound owners have more than one Greyhound. If you just have one, and go to a ex-racing Greyhound event, you will get the knowing looks and head nods that indicate it’s not a matter of if, but when.
A game is circled by a sportsbook because betting limits are lower than usual. This most often happens when there’s a questionable injury before a game. It can also happen if there’s potentially bad weather, a trade rumor, or the possibility of “load management” which might give a player a night off.
Clerk of the Scales
The official responsible for weighing the jockeys correctly at the end of a race.
Closing Line Value
This term is used by bettors to measure the value of the line they wagered before the line that was the last available before a game begins.
Greyhounds' favourite sleeping position in which the dog's legs are in the air while he is lying on his back.
A person who is not acting as a bookmaker, but who places bets with a bookmaker or several bookmakers on behalf of a client or clients.
The general agreement about something. In sports betting consensus could be the most popular teams bet or line available for a game.
Betting against the trends of the mainstream popular opinions. Bettors usually place contrarian wagers when there is value on the opposite opinion.
One of many football (soccer) betting types, where you try to predict the correct score of a match between more than 20 different outcomes.
A person who represents an on- course bookmaker and who passes all bets to the bookmaker. Also known as a 'representative'. A representative who fails to pass on all bets to the bookmaker should be deemed to be an on-course bookmaker.
The activity of hunting with sighthounds, that is dogs which utilise their sight and speed to catch a prey (e.g. hares, rabbits, foxes, antelope, gazelle, deer, wolves, jackals, jack-rabbits, coyotes).
A box in which a greyhound is housed at a race track, usually for 20 hours a day; because of crating retired adopted greyhounds have no problem being kept in small rooms indoors.
CSF (Computer Straight Forecast)
A bet predicting the first two home in a race in the correct order. The dividend is calculated by computer.
Another way to say that there is a tie in a finishing position. Sportsbooks have different rules on how to pay in the event of a tie or dead heat in an event.
This is a different way to present odds than Americans are used to. They’re sometimes called “European odds” since this is how odds are listed with European sportsbooks. The math is easier to figure out for most bettors than US moneyline odds. Decimal odds are derived from a simple calculation of the amount bet x odds.
The most important greyhound racing event in England run annually since 1927; originally the event was held at the White City Stadium in London until the venue was demolished in 1985; since then the Wimbledon Greyhound Stadium is hosting the derby; sponsorship: before 2007 sponsored by William Hill, in 2008 and 2009 by Blue SQ, and since 2010 once more by William Hill.
This is a “10 cent” difference between the moneyline odds payout between the money laid on the favorite and the money paid by the underdog. For example, Vegas Golden Knights -125 vs. San Jose Sharks +115. The difference of 10 (dime line) is the traditional profit margin for sportsbooks.
Consists of one bet involving two selections in different events. Both selections must be successful to get a return, with the winnings from the first selection going on to the second selection. The return is calculated by multiplying the odds on the two selections: e.g. a £10 double on a 2-1 winner and a 7-1 winner pays £240 (£10 on a 2-1 winner = £30, then that £30 on a 7-1 winner = £240).
This is a European sports betting term mostly used for soccer betting. A double chance wager allows the bettor two opportunities to win a bet. For example, a result in soccer can be a win, loss, or tie. A double chance bettor may combine two of the three results instead of just one. This gives the bettor twice the chance to win the wager.
A European way of saying that a bettor will bet twice the normal amount. In the US this is known more often as doubling up.
A betting result depending on the outcome of two different time periods of the game (usually half time and full time in football matches).
Double Suspension Gallop
Describes the unique way Greyhounds dash. When they run, their legs gather under their body and then they stretch out so all four legs are extended in the air with no contact with the ground. It really is a beautiful sight, especially when frozen in stride in a picture.
At the final declaration stage all entries in a Flat race are issued with a starting stall number. Jumps races (National Hunt) do not have starting stalls.
Betting on more than one selection on an event (but not all of them) to make equal profit regardless of the winner.
A pair of bets placed on the same horse, one to win and one to be placed. A bet where half the total stake is for the selection to win and half is for the selection to be placed (usually in the first three, but in big handicaps the places may extend to fourth, fifth or sixth). If the selection wins, the win portion is calculated in the normal way, while the place portion of the bet is settled at a fraction of the win odds.This fraction, and the number of places allowed by the bookmaker, depends on the type of race and the number of runners in the race. If the selection is placed but fails to win, the win portion of the stake is lost but, again, the place portion of the bet is settled at a fraction of the win odds.
Each Way Terms
For the place part of a each-way bet to give a return, the selection must either win or finish in one of the predetermined places for the event, such as first place or second place. The odds paid on the place part of the bet are usually a fraction (commonly 1⁄4 or 1⁄5) of the win odds.
Early Cash Out
A way for bettors to settle a wager for a certain dollar amount before the event is over. This is a way to lock in a profit at a smaller value than the wager would ultimately pay.
Bookmaker's odds on a given dog which are subject to fluctuations, before the final Starting prize is set.
ETS (Escaped Tongue Syndrome)
Used to explain how the tongue lolls out the side of their mouth when they are sleeping or resting. Also called a Derp. Usually more prevalent when they are upside down. Actually kind of scary when you first see it, especially if they are upside down with their eyes open.
EV (Expected Value)
This is a calculation used by a bettor to determine whether a wager should win or lose over time. Positive expected value (EV) bets over time is a good way to become a winning sports bettor.
A wager that pays the same as was risked. An even-money sports bet is listed as +100 or -100 in a sportsbook. Unlike traditional -110 wager, there’s no vigorish paid to the sportsbook. A bettor risks $100 to win $100 instead of wagering $110 to win $100.
Choosing horses to finish first and second in a race. This is sometimes, but rarely, offered for other competitive sports.
These are non-traditional sports bets. Exotic wagers aren’t point spread, moneyline, or futures bets on a certain event. This kind of wager is often listed as a prop bet in a sportsbook.
The amount of money a sportsbook potentially could lose for a specific event. For example, sportsbooks might have a lot of exposure (money at risk) on one team winning a championship versus another.
The favourite is the selection that has the shortest odds for an event or in a race - the horse with the shortest odds.. An f is often displayed after the odds to reflect its position as favourite in the race market (e.g. 2-1f).
A bet that involves the Punter correctly predicting the result of a match at half time. A derivative bet that can be placed on a sport that has two halves. Football and basketball are the most popular sports to place a first half wager. In soccer,
These are the odds that most sports bettors will experience. Once a wager is placed, the odds are set and don’t change. Horse bettors might experience a change in odds from parimutuel betting.
25 Greyhound Board of Great Britain (GBGB) regulated stadiums in the UK and several independent tracks.
Simply put, this is a betting system where all wagers are the same. A bettor doesn’t change the wager amount based on wins, losses, or any other outside opinion. The wager is usually a percentage of bankroll but could also be a fixed dollar amount.
Introduced by the king William the Conqueror in 11th century made it illegal for commoners hunt.
Detailed account of dogs' past results that is analysed to produce estimate of their winning chances.
This is the traditional way of displaying odds. They give you your profit excluding your stake (e.g. £10 x 9-1 = £100 including your stake). This is the default on our racecards but you can change to decimal odds, if you prefer, by adjusting your preferences in Settings.
This is a standard distance unit in racing, equal to nearly 200m. A mile is divided to eight furlongs
A multiple bet consisting of 247 bets (28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold) involving eight selections in different events.
GRA (Greyhound Racing Association)
Since its foundation in 1926, this private organisation has been heavily involved in greyhound racing setting up greyhound stadiums such notably Belle Vue or White City Stadium; currently it operates six venues: Birmingham, Belle Vue, Hall Green, Oxford, Perry Barr, Portsmouth and Wimbledon.
A popular hockey bet which the wager is for the over/under on total number of goals scored by all teams in a day. Some sportsbooks may offer derivative versions for home, away, or periods of games during the day. Some sportsbooks may offer a similar bet for runs in Major League Baseball.
The racing of greyhounds around an enclosed track in pursuit of an electrically controlled and propelled mechanical hare (rabbit).
When horses carry different weights based on their official rating or greyhounds get a head start based on their ability.
The amount of money a sportsbook or sportsbooks take from wagers. This could be broken down by sport, region, casinos, and more.
Historically and traditionally, the most popular animal used as a prey in greyhound coursing; these quickly reproducing animals are alert, fast and can reach the speed of 72 km/h.
Hedging is a strategy used by sports bettors to either reduce the risk of or to guarantee a profit from a wager.
A multiple bet consisting of 57 bets (15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold) involving six selections in different events.
When a greyhound moves his tail in a circular motion similarly to a helicopter, thus informing everyone that he is really happy. When an ex-racing Greyhound gets excited, sometimes their tail wags in a complete circle, wreaking havoc with anything that might be near like small dogs, children and anything that might have been on the table.
Another way to say half of a point. For example, a team may be a 3.5 point underdog. That could be called “three and a hook.”
Type of dog which is used for hunting; hounds are divided into sighthounds (hunting by speed and sight) and scent hounds (hunting by scent)
IBAS (Independent Arbitration Betting Service)
Which solves betting disputes between punters and bookmakers.
A popular bankroll management strategy for a bettor who seeks to limit losses while maximizing the amount won.
This term is used in betting exchanges, where players act as bookmakers. By laying bets, they offer betting options to backing bettors.
The exact amount of money a layer or a bookie can afford to lose if the selection wins.
When a bookmaker reduces the risk of losing wagers by placing a bet with a different sportsbook(s). This typically happens when there is lopsided wagering on one side of a game and the sportsbook or a bookie want to alleviate potential losses.
It is an even-money paid bet where you take a position either side of two possible outcomes of the event. e.g. England runs vs. Australia may quote 225-230 (a bit like a spread), thats called the Line. Selling the Line means you win if they score less than 225 and Buying the line means winning if they score more than 230. This is popular in the U.S.
This is a baseball bet that is active only if the pitcher listed as the starter throws the first pitch of a game. If the pitcher doesn’t matter a bettor can place a wager on “action.” The latter wager will happen regardless of who starts the game to the team bet on.
Another way of saying that a team or player will be an easy winner. (Note: This isn’t always the case, no matter what a sports prognosticator or tout says.)
A multiple bet consisting of 15 bets (4 singles, 6 doubles, 4 trebles and an accumulator) involving four selections in different events.
A multiple bet consisting of 31 bets (5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator) involving five selections in different events
A multiple bet consisting of 63 bets (6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator) involving six selections in different events.
This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. For example, the Oakland Raiders will defeat the Los Angeles Chargers by 10-14 points. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push.
A gambling system where bettors doubles the amount of a wager after losses. This system can be used for sports and other forms of gambling (i.e. blackjack).
When a bettor uses free wagers from a sportsbook operator to increase potential profit. This is a popular technique employed in new legal US sports betting markets as promotional offers are available.
Middling a sports bet is playing different sides of the same game. This gives a bettor multiple chances to win wagers on the same game.
A combination of solely ‘Double’ bets, or of solely ‘Treble’ bets, or a mixture of either.
A linked series of bets in which the original stake and the winnings from the first bet are staked on the second and so on. Often having interesting nick names such as ‘Yankee’, ‘Goliath’ or ‘Trixie’.
Horse racing over jumps. The races with smaller obstacles are known as hurdles, the races with higher obstacles, e.g. the Grand National, are known as steeplechases.
Night at the Dogs
A popular form of evening entertainment in Britain in which apart from watching greyhound races the guests engage in such activities as eating, drinking (e.g. restaurants, bars), betting, and other attractions that vary according to the venue.
If an ex-racing Greyhound lightly nibbles on you, it is their way of showing love and excitement a "love bite" so to speak. Consider yourself lucky as not everyone gets to experience this.
A horse that was originally meant to run in a race but for some reason has been withdrawn.
Placing a wager on a non-sports event with a sportsbook. For example, placing a wager on the Oscars in New Jersey. These kinds of wagers are more popular overseas.
NRNB (Non-runner, No Bet)
If a horse does not show up the stake is refunded as the bet is considered void. In some cases, for example in the run-up to the Cheltenham Festival, a bookmaker may offer money back on any horse that does not take part in a race (in contrast to the usual ante-post betting rules, where money is lost on any non-runner).
The prices of the selections and the ratio to which your bet will be paid if your bet wins as well as chances of winning and possible outcome.
Betting odds where the potential winnings are higher than the stake. Expressed as a fraction in which the numerator is larger than the denominator (e.g. 2-1). The first number refers to the potential winnings, the second to the stake.
Betting odds where the stake is higher than the potential winnings if the bet is successful. Expressed as a fraction in which the denominator is larger than the numerator (e.g. 1-2). The first number refers to the potential winnings, the second to the stake.
When a team or person is heavily favored to win a game or event. They often have very low odds paying much less than the amount wagered.
Off the Board
When a sportsbook stops taking wagers on an event or participant they remove the game odds from the betting board. This often happens when a player is uncertain to participate because of an injury.
On a higher number of goals or points than the bookmaker offered line. For example, betting on over 2,5 goals means that you expect at least three goals.
This is a price offered on a particular horse that is higher than the true odds of it winning.
Owen Patrick Smith (1866-1927)
"Father of Modern Greyhound Racing," the greatest promoter of greyhound racing in the US, inventor of the artificial lure who helped establish many greyhound tracks across the country.
A multiple bet consisting of 7 bets (3 singles, 3 doubles and a treble) involving selections in different events.
Used to determine the amount a player will win from a winning bet, relative to the initial stake. Payout odds of 21, for example, mean a player will win $2 for every $1 staked.
Another kind of odds used mainly in Britain and Ireland. A bet where the aim is to predict both the winner and runner-up in a race. A straight forecast is the winner and runner-up in the correct order. A reverse forecast (or dual forecast) is the winner and runner-up in either order.
In a close race, where the placings cannot be determined easily, the result is determined by the judge by examination of a photograph taken by a camera on the finishing line.
A horse who does not win but finishes second or third (or fourth, depending on the type of race and number of runners).
A Tote bet with similar rules to the Jackpot, but your selections, in the first six races at the specified meeting, have only to be placed. The minimum stake is £2.
A player prop bet is a wager on an individual player to do something during a game. For example, which player will score first in a football game?
Creating a ranking score for each team so that a bettor, handicapper, or sportsbook can create a point spread. Experienced handicappers use their point spreads to compare with a sportsbook in order to find the best bets available.
A guide in a printed form of all the day's greyhound races, additionally with useful details about the race and participating dogs.
This is a point spread of sorts based on goals scored during a hockey game. The base puck line for a game is often plus or minus 1.5 since there are so few goals scored. Sportsbooks might offer an alternative puck line with more or fewer goals scored.
When a point spread wager lands exactly on the line offered by the sportsbook. The bettor receives their money back if they push. For example, New England Patriots are favored by 14 points against the New York Jets. If they win by exactly 14 points, the wager pushes and the bettor gets their original wager back.
Trials that are conducted by a Race Club under race conditions to select greyhounds for inclusion into a specific race or event.
A listing of the races/events to be conducted at a specific meeting, the names of greyhounds and trainers, the official box draw and may include the recent form of the greyhounds engaged. May also be used to list proposed races/events to be held at a specific venue at a future date.
May be used to describe a specific race venue and/or the actual running surface and area set aside for the conduct of a race or event.
A wire mesh enclosure used to house young greyhounds, generally between the ages of four to thirteen months of age. Generally includes a building (kennel) used as sleeping quarters.
When a sportsbook lowers the vig on a game. For example, a sportsbook might offer -105 for a game instead of -110. This reduced juice will allow the potential for a bettor to take home more money if the wager wins.
Used to describe the condition of being registered with GRV. May be applied to person or greyhound.
The Certificate issued by GRV that lists the registered name of the greyhound, whelping date, the names of Sire and Dam and the names or the registered owner/s.
A bet where the aim is to predict the winner and runner-up in a race in either order. A reverse forecast is classed as two bets.
Reverse Line Movement
When a line (or point spread) moves differently than the money wagered on the game or event.
Most often, Greyhounds will turn upside down on their backs with their back legs spread and their front paws in the air. For all their gracefulness, this is the most embarrassing, oddest-looking thing that they do. Like the cat that licks himself right in front of your dinner guests.
ROI (Return On Investment)
The ROI of a sports wager can simply be calculated this way: (Gain from Investment – Cost of Investment) / Cost of Investment.
One of greyhounds' unique characteristics; greyhound's nose looks as if it was slightly bent because of high bridge.
Unique sound Greyhounds make when they hear a siren or other barking dogs. When they howl they sound like they are saying “Roo.” When you get a group of Greyhounds together for a rooing fest, it can be cacophonous.
Greyhounds are one of those animals that simply love repeatedness: regular same meals, walks at the same time in the same place etc.
In full, Tattersalls Rule 4 (c). One of the most commonly invoked betting rules, dealing with deductions from winning bets in the event of any withdrawn runner(s) from a race. The rule applies to winning bets struck at prices (e.g. morning prices) laid before a withdrawal (other than ante-post bets, which are unaffected by Rule 4 (c) and to starting-price bets where, after a late withdrawal, there is insufficient time to re-form the market. The rate of deductions is in proportion to the odds of the non-runner(s) at the time of the withdrawal.
Used to describe an individual race by an individual dog. This word is used primarily in reports describing x number of runs per year for example.
This is a point spread of sorts for baseball games based on the number of runs scored. The run line is typically plus or minus 1.5 since there are so few runs scored in baseball. Sportsbooks might offer an alternative run line with more or fewer runs scored.
A person who places wagers at a sportsbook for someone else. This person may also be known as a beard.
Sample Test Kit
A test kit used to evaluate a sample of either blood or urine, typically for the presence of prohibited substances in a greyhound.
The removal of a dog from the race before race day allowing for a reserve to run in its stead.
A large board at the greyhound track, which typically shows the places and times for dogs having just completed a race.
Though greyhounds are very optimistic animals, they are really attached to their owners and can become very sad when you leave them for a few days.
Money wagered by sports bettors that a sportsbook operator respects. Sharp money often comes from large wagers placed by professional bettors. It should be noted that not all large wagers are considered Sharp.
A male dog or horse that is registered for being a breeding dog/horse, either by natural means or artificial insemination or for frozen semen.
SP (Starting Price)
The starting prices are the final odds prevailing at the time the race starts and are used to determine the payout to winning punters, unless a punter took a specified price at the time of placing the bet.
A designated kennel, perhaps away from other dogs or disturbances, for greyhounds that are having a break from racing generally.
Greyhounds' favourite sitting position in which they very much resemble the ancient Egyptian Sphinx because Greyhounds have a difficult time sitting because of their structure, they tend to lay down with their back legs supporting their body and their front legs out in front. Looks just like how it sounds. Also puts them into position to spring forth at a rapid rate so, don’t underestimate their speed from a supposed resting position.
The time (seconds) in which the leading greyhound approached the designated section of the track.
A betting type where the bookmaker gives a team a point or goal advantage (handicap) before the match. The total profit or loss depends on the final point or goal difference compared to the handicap.
A casual and recreational sports bettor. This is someone betting on sports as a hobby. They’re not as respected by sportsbook operators as sharp or professional bettors.
An amount of time for which a greyhound cannot race. The stand-down period is typically imposed by a steward on a vet’s advice.
A bet that has become very popular among players.This is when odds change because of the money wagered on a game or participant. Some bettors will “follow the money” or “chase steam” thinking the bettors know something they may not.
A person employed and empowered by the Board of GRV to conduct race meetings and enforce the Rules of Greyhound Racing in Victoria.
A hearing held by the stewards into a race to determine whether the rules of racing have been broken. The enquiry can sometimes change the result of a race and you should therefore check the terms of your bookmaker if this scenario occurs.
A long fenced off area; approximately 400 metres where greyhounds can be slipped or free galloped. Normally grass or sand surface.
A bet type for horse racing, where the punter has to predict not only the first two horses of the race, but also their correct order of finishing.
When a team wins or loses an event. The point spread isn’t involved with the winner or loser.
A multiple bet consisting of 120 bets (21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and a seven-fold accumulator) involving seven selections in different events. A minimum of two selections must be successful to get a return.
A sample taken from a greyhound (generally urine, but include blood, saliva, hair, excreta or other substance) that is used to determine if prohibited substances are present in a greyhound. Samples can be taken pre-race, post-race or out-of-competition and some are frozen for up to 10 years.
A banker is a European wager similar to a round robin bet in the US. Different teams are placed in a “system bet” to make different “accumulator” (parlay) bets.
Take the Points
When a bettor places a wager on an underdog they are taking the points offered by the sportsbook.
Take the Price
Similar to taking the points. This is when a bettor takes the price on a game offered by the sportsbook. The bet is typically wagering a moneyline on the underdog.
The committee, composed of representatives of bookmakers’ organisations and the Jockey club, can negotiate in betting disputes and can also bar punters or bookmakers from racecourses.
Stems from the circulation of information in paper format. Refers to forecasts of the likely odds when the betting opens, generally made by the larger bookmakers and circulated to all the bookmakers likely to attend the meeting.
The initial odds offered by a sportsbook. This price is usually considered to be the fairest price on a wager.
Totals are the numbers that bettors will choose the over or under on points (or runs, goals, etc,) scored.
A type of pool betting system operated by the tracks to give punters an alternative to betting with bookmakers.
At a race track, a large display with such information as the odds, pools, results, and payoffs for each greyhound race.
The processes involved in getting the greyhound into a condition suitable for racing. Involves diet, trialling, racing and general care of greyhounds.
A three-leg accumulator. All three selections must be successful to get a return; the winnings from the first selection automatically go on to the second and then on to the third.
Can be solo, double or in a half-field, where greyhounds go around a racing track similar to race conditions obtaining split and overall time for an indication of performance.
A registered entity with GRV, which operate smaller circular racing tracks, approximately 400 metres, normally used when breaking greyhounds in before heading to the actual racetrack.
A multiple bet consisting of 4 bets (3 doubles and 1 treble) involving three selections in different events. A minimum of two selections must be successful to get a return.
True odds are the actual odds of an event happening. In sports betting this is the most accurate point spread or moneyline. The actual odds of a bet winning based on probability. The true odds are usually higher than the payout odds, which is how the casinos gain their edge. For example, in European roulette the payout odds for a bet on a single number are 351. The true odds of winning such a bet are 361.
A race card with the numbers of the runners altered, to enable the tic-tac men to pass on bets without making public which of the runners are attracting the greatest volume of betting money.
Under Starter's Orders
A phrase used to signal that a race is about to begin. Once the horses are in the stalls for a Flat race, or have lined up at the start for a jumps race, they are said to be ‘under starter’s orders’ (ie. the jockeys are waiting for the starter’s signal to begin the race).
This is a multiple bet consisting of 8 trebles on 9 selections. These are settled as trebles in the formation of a 'Union Jack'.
Betting at odds that represent a lower chance than the underlying probability and therefore offer 'value' to the bettor in terms of increased potential profit.
VBIS (Victorian Breeder Incentive Scheme)
A scheme designed to promote and reward Victorian bred greyhounds (and Victorian registered members).
Vetted / Vetting
Observations made by the track veterinarian where an injury/illness stand off period is given to a greyhound.
VICBRED (Victorian Registered Breeder)
The definition of a VICBRED greyhound is that the greyhound must be whelped in Victoria and bred by a Victorian registered breeder.
VIG (Vigorish / Juice (US) / Commission / Margin)
The implied cost of placing a bet set by the bookmaker. Bookmakers inflate the perceived likelihood of an event - as represented in their odds - suggesting it is more likely than underlying probability. This is a wager where a bettor selects a team to win or lose by a specific number of points regardless of the point spread. For example, the Oakland Raiders will defeat the Los Angeles Chargers by 10-14 points. The Raiders must win by 11, 12, or 13 points for a win. A victory by 10 or 14 points is a push. The cost of placing a bet calculated by summing the implied probability and subtracting from 100, the measure of a fair market. In relation to Exchange betting, commission is the charge applied to winning bets, applied as a %. The edge that one side of a bet has to make their advantage. North American term for the implied charge that a bookmaker adds for taking bets on any given market, traditionally 10% for Money Line, Points Spread and Totals.
An online game of greyhound racing, offered by a few online bookmakers, in which the race results are based on a random number draw.
Wager / Bet
Risk money on the outcome of an event with the return proportionate to the perceived likelihood as measured by odds.
Walkover / Walk Over
A race involving only one horse. The horse and jockey do not have to complete the race distance but must pass the winning post to be declared the winner. For settling purposes, the winner of a walkover is considered to be a non-runner.
A specific kennel designed for the birth of a litter of pups. Would include a larger bed for mother and puppies and electricity outlets for lighting and heating.
This is a wager that a team will lead at every quarter or for a specific number of quarters. Wire-to-wire bets are the most popular in basketball.
Any person authorised to assist an authorised Bookmaker, Representative of Nominated Officer in the Betting Ring