Betting Dictionary

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Each Way

A bet which consists of two wagers. The first is for the selection to win and the second is for the selection to 'place' or 'show', at a proportional price dependant on the place terms. 'Place' or 'Show' pays a fraction of the full odds. If your selections wins then you gain both the win and the place prices.<br />
(click to edit)

Early bird prices

Betting prices offered in advance of the race course betting. (click to edit)

Equally Divided

A method of Each Way betting with accumulators where the return from one is equally divided and placed for Win and Place on the next. (click to edit)

Even Money or Evens

A straight 1/1 bet, where the odds are described as 'even'. Bet $1 and you win $1 (plus your original stake money back). (click to edit)

Exacta (US)

Form of betting in which bettor attempts to pick winner and 2nd horse, buying one mutuel ticket on the double choice (also known as "exactor" or "perfecta"). (click to edit)

Exactor

See Exacta (click to edit)