Horse Racing Betting Terms

The following is a list of commonly used Horse Racing betting terms. Once you have read through these you will definitely look and sound like a Pro next time you place your racing bets. Enjoy!

Back: To bet, punt or wager.

Box Trifecta: To win a 'box trifecta' you simply need to specify the three horses that will finish in the first three placings, irrespective of the order.

Daily Double: Type of bet in which you must select the winners of two specific races.

Each way: An each way bet is when you bet the same amount on the horse for a win and for a place.

Exacta: Type of bet in which you select the first two horses in a race in the exact order.

Furlong: 1/8th of a mile or approximately 200 meters.

In The Money: Finishing first, second or third in the race.

Length: A length is approximately three metres.

On The Nose: Betting a horse to win only.

Place: A horse scores a place when it finishes in the first three across the line. If there are only seven or less runners the horse must finish either first or second to place.

Price: The odds.

Quadrella: You have to correctly select the winner of four specific races.

Quinella: Type of bet in which you have to correctly select the first two horses in a race in any order.

Running Double: You have to correctly select the winner in two consecutive races.

Straight Six: You have to correctly pick the winner of six consecutive races.

Scratch/Scratched: To be withdrawn from a race before it begins.

Trifecta: You have to correctly select the first three horses in a race in the exact order.