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Glossary

  • #WhatOddsPaddy

    #WhatOddsPaddy is a betting option at Paddy Power where you can request a bet not currently listed on the website! Just tweet '#WhatOddsPaddy' and we'll send you odds on whatever…

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  • Acca Insurance

    Acca insurance returns your stake as a free bet if one leg of your accumulator loses (min. five selections). Read more about how acca insurance works here!

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  • Accumulator

    An accumulator is a bet structure where you make multiple selects and add them into one big bet. All your selections must win in order for you win the accumulator…

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  • Ace

    An ace is scored in tennis when a player hits an unreturnable serve and the receiver doesn't even touch the ball. The total number of aces scored in the 2024…

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  • All Weather

    An All Weather racecourse or track is an artificial surface, usually made from sand and other material. It is more durable than turf and can be used in all weather…

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  • All-in Bet

    An all-in bet in horse racing is when you back a horse on the ante-post market. It's short for 'all in run or not'. It usually carries higher odds because…

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  • Allowance

    An allowance race in horse racing is a type of race where special 'allowances' to the weight are given to horses depending on a number of criteria, including the jockey's…

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  • Alphabet

    An alphabet is a multiple bet type most commonly found in horse racing that consists of six selections across 26 bets: 2x patents (14 bets), 1x yankee (11 bets), 1x…

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  • Also Ran

    An also ran is a horse, greyhound, car or athlete that finishes a race but doesn't finish in any of the winning/paying positions. For example, a horse finishing 13th in…

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  • Amateur (jockey)

    Amateur jockeys are not professional riders and do not get paid for their work. They are different to a conditional jockey who is starting out in a career in racing.

  • American Odds

    American odds show how much you win from a $100 bet if the odds are positive. They show how much you need to bet in order to win $100 when…

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  • Ante-Post

    Ante-post betting is when you back a horse to win or place in a race before the card has been announced. You run the risk of losing your stake if…

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  • Apprentice

    An apprentice jockey is aged between 16 and 25 who is working their way to becoming a full professional jockey. Apprentice jockeys run in the Flat season, while conditional jockeys…

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  • Arbitrage

    Arbitrage is a betting technique where you place multiple bets on the same event at different odds, in order to win whatever the outcome. It's often used in tennis betting…

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  • Asian Corners

    With Asian corners, there are three outcomes. Bet over, under or exactly the correct number of corners in a football match. For example, you could bet -10 corners, +10 corners,…

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  • Asian Goal Line

    The Asian goal line works like an over/under bet but offers more options, such as quarter goal, half goal and full goal. You're betting on the total number of goals…

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  • Asian Handicap

    Asian handicaps level the odds between two options by adding a handicap to the final score. However, unlike a traditional handicap, Asian handicaps eradicate draws/ties so that there's only two…

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  • Back

    When you bet on an athlete, team or horse to win it's called 'backing' them. You can back a football team to win, a horse to place, a tennis place…

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  • Bagel

    A bagel in tennis is when a player loses a set without winning a single game. So, they lose 6-0. To suffer a double bagel is to lose a match…

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  • Banker

    A banker is a bet that you have full confidence in winning. For example, a banker might be a horse at short odds in the second race of your five-fold…

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  • Bankroll

    Us Europeans might call it a budget but Americans call it a bankroll. Basically, a bankroll is the money you have to fund your betting activity.

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  • Bar Price

    The bar price in betting is a line that indicates the odds of all other runners, individuals or teams not mentioned in the odds. For example, the EPL title odds…

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  • Beat The Drop

    Paddy's Beat The Drop game gives players the chance to win thousands of pounds. Split your pot on sports predictions, and keep going until you win. Read more about Paddy…

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  • Beaten Favourite

    You might see BF on a racecard. This shows the horse was a 'beaten favourite' in a previous race, which might sway your bet.

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  • Best Odds Guaranteed

    Paddy offers Best Odds Guaranteed on all UK and Irish horse racing from 8am to the day of the race. This means you'll get the starting price (SP) if it's…

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  • Bet

    A bet is the act of staking money on a sporting outcome, with the promise of a higher payout if that outcome occurs. For example, if you bet on England…

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  • Bet Builder

    Paddy Power's bet builder allows players to structure a multiple bet and avoid clashes. Create your perfect bet and maximise your odds across multiple sports. See our bet builder tips…

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  • Bet Calculator

    Bet Calculators show how much you stand to win from a bet depending on your stake, Simply enter the odds, your stake and other conditions surrounding the bet, to see…

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  • Bet Slip

    A bet slip is traditionally the paper ticket punters receive when placing a bet at a shop or racecourse. These days your online bet slip is where you enter your…

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  • Betting Exchange

    A betting exchange is different to a traditional, fixed odds bookmaker. Betting exchanges allow punters to bet against each other. The bookmaker earns a slice of all bets as a…

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  • Betting Limits

    Bookmakers set betting limits to help reduce the risk to players and cap the maximum payout. At Paddy Power, you can set your own deposit limit. There is a £500,000…

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  • Betting Market

    A betting market is another name for the list of odds on a specific outcome. For example, the First Goalscorer odds in a match between England and Germany is just…

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  • Betting Odds

    Betting odds show how much you stand to win from a bet, relative to your stake. The higher the odds, the more you win if the outcome you bet on…

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  • Betting Ring

    A betting ring is an area of a racecourse or track where bookmakers take bets from punters. Most betting rings are set up in front of the grandstands, close to…

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  • Betting Tax

    Betting taxes can be applied on player winners and bookmaker profits. In the UK, players are not taxed on their betting winnings, but bookmakers pay various betting and gaming duties.…

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  • Betting Without

    Betting without removes the favourite in a horse race or other outright odds market. It's ideal when there's a huge favourite, such as Manchester City winning the Premier League. Betting…

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  • Black Type Horse Race

    A black type race is a historic term for a high-profile race. If a horse wins a black type, their name will be printed in bold on future racing and…

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  • Blinkers

    Blinkers are equipment horses wear during races to keep their focus. The aim is to prevent the horse from being distracted by events in its peripheral vision, such as the…

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  • Bookie

    A bookie is a slang term for bookmaker. Bookies set odds on sports events like horse races and football matches, and facilitate bets. If you bet with a bookie and…

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  • Booking Points

    Booking points is a bet type available when betting on football. A yellow card is worth 10 points and a red card 25 points. You can therefore bet on how…

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  • Bookmakers

    Bookmakers create betting markets and accept bets from punters. Also known as bookies, if you bet at a bookmaker you receive a payout from them if your bet wins. If…

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  • Both Teams to Score

    Both Teams to Score is a football bet, where you back both teams in a match to score a goal. It's a simple bet and perfect for games where goals…

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  • Both Teams to Score & Win

    Both Teams to Score & Win is a bigger bet than the traditional BTTS market. Here, you bet on both teams to score a goal and choose which team wins…

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  • Break (Snooker)

    A break in snooker is the score a player records at a single visit to the table. If a player pots four reds and three blacks before missing a pot,…

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  • Break (Tennis)

    A break in tennis occurs when the non-serving player or doubles partnership wins a game against the server. Breaks in men's singles tennis are hugely significant and can cause the…

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  • British Classics

    Horse racing boasts five British Classics that run during the summer in the flat season. These are Group 1 races that are highly prestigious. The five Classics are: 2000 Guineas…

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  • Brought Down

    A horse is brought down if it falls due to another horse, rather than it falling on its own. You'll see () on a racecard to indicate a horse having…

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  • Bullseye

    The bullseye is the centre of the dart board and worth 50 points. In darts, players must finish either on a double or the bullseye.

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  • Bumper Horse Race

    A bumper horse race is run during the National Hunt season but without any jumps. It's used to help horses transition from flat racing to jumps, and get accustomed to…

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  • Burlington Bertie

    A Burlington Bertie is a slang term for odds of 100/30.

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  • Buying Points

    Buying points are used in spread betting to move the line in your favour. The odds shift for each additional point on the line you buy. It's more common in…

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  • By A Nose

    Winning by a nose is the shortest official distance a horse can win a race by.

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  • Canadian

    A Canadian is made up of five selections, which come together to create 26 bets. That includes 10x doubles, 10x trebles, 5x four-folds, and 1x five-fold. Read our Canadian Bet…

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  • Carpet

    A carpet is a slang term in horse racing for odds of 3/1. A double carpet refers to odds of 33/1.

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  • Cash Back Bonus

    You can earn a cash back bonus with Paddy Power during selected promos. Our Money Back as Cash if You Lose promotion gives players their stake back as cash up…

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  • Cash Out

    Cash out is an option when betting live at Paddy Power to end your bet early and 'cash out' your winnings. For example, you might bet on Scotland to beat…

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  • Century (Cricket)

    A century is scored when a batter makes 100 runs in a cricket match. A popular bet is to back an opening batter to score a century in a test…

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  • Century Break

    A century break in snooker is when a player scores 100 or more from one visit to the table. You can bet on century breaks at Paddy Power.

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  • Chalk

    Chalk refers to the betting favourite. If a horse is the chalk then it is the big favourite in a race. This slang term is very rarely used these days.

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  • Champion Hurdle

    The Champion Hurdle is one of the most iconic races at the Cheltenham Festival. It is a Grade One National Hunt race with a £440,000 purse.

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  • Cheekpieces

    Cheekpieces are strips of sheepskin attached to the bridle and sit on a horse's cheek. They partially obscure the peripheral vision of a horse so that it's less likely to…

  • Claiming Race

    Horses that run in a Claiming Race are up for sale, and can be 'claimed' for a set price before the race begins. Read more about claiming races in our…

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  • Class of Race

    Classes in horse racing indicate the standard of a race. Flat racing uses class bands created through the Official Rating system to operate seven classifications. Class 1 races feature the…

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  • Clean Sheet

    A clean sheet is a football term generally used for goalkeepers who get through a game without conceding a goal. If England beat Germany 2-0, then England's goalkeeper kept a…

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  • Clerk of the Course

    The clerk of the course is responsible for all grounds conditions at a race course, such as the turf, fences, hurdles, stables, and facilities.

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  • Closing Line Value

    The closing line value (CLV) is the difference between the handicap line that a bettor bets on, and the line when the market closes. For example, you bet on the…

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  • Co-Favourite

    A co-favourite is a horse, athlete or team that is priced as the favourite in the market alongside someone else. For example, England and France might both be co-favourites at…

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  • Colt

    A colt it a male racehorse aged four years or younger that hasn't been castrated. They often end up running in the Grand National and other major National Hunt races.

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  • Combination Forecast

    A combination forecast allows you to make between three and six selections in a race and state that any of these picks can finish in the top two places. If…

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  • Combination Tricast

    A combination tricast allows you to make multiple selections in a race and state that any of these picks can finish in the top three places. You can choose more…

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  • Connections

    Connections in horse racing are anyone who is directly associated with a horse. This primarily means the owner and trainer. A horse with 'good' connections may have a better chance…

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  • Contrarian Betting

    Contrarian betting is a US strategy that suggests you bet against the popular choice. For example, if everyone is backing England to win the ICC World Cup, the contrarian bettor…

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  • Conversion (Rugby)

    A conversion in rugby is when a player kicks the ball through the posts following a try. Do it successfully and the player earns an extra two points for their…

  • Corners Match Bet

    A corners match bet lets punters bet on which team will earn the most corners in a football match. Read about football corner betting here!

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  • Correct Score Betting

    Correct score betting is when you predict the exact score of a sporting event. This could be the correct final score in football, the correct set score in tennis, or…

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  • Coupled Horses

    Coupled horses is a practice used in France and America where your bet covers more than one horse. Horses that are owned or trained by the same person can be…

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  • Cover Bet

    A cover bet is a secondary bet that punters place to 'cover' their potential losses, should their initial bet lose. For example, you might bet £20 on England to beat…

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  • Dam

    A dam is the mother of a horse. The dam is listed on the horse's card, so owners, trainers and punters know the lineage of the horse. If a three-year-old's…

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  • Dead Heat

    A dead heat is a betting term when two athletes or horses cross the finish line at exactly the same time. In horse racing betting, dead heats are given when…

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  • Decimal Odds

    Decimal odds show how much you get back (return) from a £1 bet. For example, if you bet £1 on England to beat Germany at odds of 3.00, then you…

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  • Deposit Methods

    Deposit methods are the types of payment transactions available to punters at a betting site. Deposit methods include debit card payments, Apple Pay, PayPal transactions, and e-wallets. Check out the…

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  • Derby

    There are two definitions of 'derby' in sport. The term originates from the Epsom Derby, a horse race that first ran in 1780. Big horse races – such as the…

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  • Dime

    A dime in sports betting is slang for a $1000 bet.

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  • Dime Line

    The dime line is an American betting term that suggests there is only 10¢ difference between two teams. For example, in baseball the favourite might be priced at -130 and…

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  • Distance

    Distance in horse racing is the winning distance between the first and second horse. The winning distance can range from a nose to any amount of lengths.

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  • Dividend

    A dividend is the payout punters earn when winning a tote bet. These are different to straight-up bets because you win a share of all winning bets in a big…

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  • Double

    A double is a combination bet where you back two outcomes. For example, you could bet on England to beat Germany and Scotland to beat Spain in a double bet.…

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  • Double 20 (Darts)

    A double 20 in darts is a common throw when a player hits the very top position of the dart board. Players must finish a leg on a double, and…

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  • Double Carpet

    A double carpet is a slang term in horse racing for odds of 33/1. A carpet refers to odds of 3/1.

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  • Double Chance

    A double chance is a bet where you back two of three outcomes. It's most common in football betting, where you back Home/Draw, Draw/Away or Home/Away. The odds are smaller…

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  • Double Double (Basketball)

    A basketball player nails a double double if they achieve two of the following five outcomes in a game: records the most points, most rebounds, most assists, most steals, or…

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  • Double Result

    A double result is the American version of the HT/FT bet. You bet on which team is winning at half time, and which team wins the overall game.

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  • Dozen Winning Margins (Rugby League)

    Dozen winning margins is a rugby league bet, where you back a team to win within a specific score margin ranging in 12s. For example, you can bet on Leeds…

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  • Draw

    A draw in betting is any result where the final score is even. For example, a 1-1 draw in football, or a 12-12 draw in rugby. A cricket Test match…

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  • Draw No Bet

    Draw No Bet is a market at Paddy Power usually applied to football, where your bet on the end result is void if the match ends in a draw. For…

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  • Drift

    Want to avoid an unpopular bet? Betting odds drift when they get longer, which implies fewer people are betting on that outcome. It's common in horse racing, where a horse's…

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  • Dutching

    Ever fancied splitting your stake across two selections? Dutching, or Dutch Betting, involves backing more than one outcome in an event to either spread your risk or enhance your chances…

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  • E-wallet

    An e-wallet is a payment option available at sports betting sites like Paddy Power. You transfer money to that e-wallet and then deposit into your betting account. You can also…

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  • Each Way

    Each Way betting is when you split your stake in two when backing a pick. Common in horse racing, half your stake goes on your pick to win, and the…

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  • English 1000 Guineas

    The English 1000 Guineas, more commonly known as the 1000 Guineas Stakes, is a Group 1 flat horse race for three-year-old fillies. It is one of the five British Classic…

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  • English 2000 Guineas

    The English 2000 Guineas, also known as the 2000 Guineas Stakes, is a Group 1 flat horse race for three-year-old colts and fillies. It is run at Newmarket every spring…

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  • Enhanced Odds

    Enhanced Odds is a type of sports betting promotion where the odds of an outcome are purposely widened. For example, Paddy might enhanced odds – or an odds boost – on…

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  • Epsom Derby

    The Epsom Derby is one of the oldest horse races still in existence. First run in 1780, it is a one-and-a-half mile race for three-year-old colts and fillies staged during…

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  • Esports

    Esports are a collection of video games where professional and amateur gamers compete against each other. Top Esports include COD, Fifa and League of Legends. You can bet on Esports…

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  • European Handicap

    A European Handicap in betting is where you add or deduct a whole number to the final score of a sporting event, such as a football match. So, if you…

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  • Evens

    Evens is another term for odds that carry a 50% probability. The odds are 1/1, meaning you earn as profit whatever your stake is. An Evens bet looks like 2.00…

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  • Exotic

    An Exotic bet is an American term for all types of combination bets on horse racing. Rather than placing single bets on a win, place or show, exotics require you…

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  • Expected Goals

    Expected Goals is a metric used in football analysis to display how many goals a team should have scored in a game, compared to how many they actually scored. Unsurprisingly,…

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  • Extra Places

    Extra Places is a horse betting promotion, where your Each Way bet covers more places than usual. For example, a race featuring eight horses might only have three places for…

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  • Fastest Lap (F1)

    Betting on the Fastest Lap in F1 is a simple bet where you back a driver to record the quickest single lap time in a grand prix. Said driver earns…

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  • Favourite

    The Favourite in betting is whichever team, horse, or athlete has the shortest odds to win an event. For example, France might be the favourite to win the World Cup.…

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  • Fell (Horse Racing)

    Fell is a term found on race cards in horse racing that indicates a horse fell in a previous race. This helps you gauge the horse's ability, particularly over jumps.

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  • Field

    The Field in betting means the rest of the competitors not listed in the odds. For example, you could bet on England, Germany, Spain or The Field to win the…

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  • Field Goal

    A Field Goal is scored in American Football when a player kicks the ball through the upright posts, either via a placekick or dropkick. A field goal is worth three…

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  • Filly

    A Filly is a female racehorse aged four years or younger. Races open to fillies only include the 1000 Guineas and the Kentucky Oaks.

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  • First / Last Goalscorer

    You can bet on the first and last goalscorer in a football match, rugby match (point scorer), or other sport where individuals score. Strikers are more likely to be first…

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  • First Corner

    First Corner is a football bet available at Paddy Power, where you bet on which team will be awarded a corner first. It's a decent bet if you think one…

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  • First Half Bet

    A First Half Bet is also known as a Half Time bet, where you predict which team or individual is winning at the halfway stage of a game or match.…

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  • Fixed Odds

    Fixed Odds is a bet type that most bookmakers deal with. Rather than offering an exchange (where punters bet against each other) a fixed odds bookmaker offers a price and…

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  • Flag Bet

    A Flag Bet is a combination of 23 bets created from the following selections: six doubles, four trebles, one four-fold accumulator, and six up-and-down singles. It's most commonly used in…

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  • Flat Betting

    Flat Betting is a strategy where you bet exactly the same amount on every bet you place, regardless of the odds. For example, you always bet £5 no matter what…

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  • Fold

    Fold' is a term that helps show how many bets you have combined in an accumulator bet. A four-fold is an acca with four selections. A six-fold is one with…

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  • Forecast Betting

    Forecast betting in horse racing is where you predict the top two finishers of a race. A straight forecast (SF) is where you predict the first and second finishers in…

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  • Form

    Form describes the latest results of a horse, athlete or team. A football player might be described as being on 'good form' if they have scored five goals in three…

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  • Fourballs (Golf)

    Fourballs is a type of golf match. Four players each have a ball, and each hole is decided on who sinks their ball first. The Ryder Cup and Solheim Cup…

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  • Foursomes (Golf)

    Foursomes is a type of golf match. Four players compete in teams of two, with each team having one ball. Each hole is decided on who sinks their ball in…

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  • Fractional Odds

    Fractional odds look complicated but they're not too difficult to figure out. Fractional odds show how much profit you earn from a certain stake. For example, if you bet £1…

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  • Frame (Snooker)

    A snooker match is split into frames. Each frame is a single game where the player who scores the most points win the frame. Matches are determined in a best-of-X…

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  • Free Bet

    A free bet is any type of betting promo where you don't stake any of your own money. For example, Paddy's welcome offer hands out £30 in free bets when…

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  • Full-Time Result

    The Full-Time Result is a bet most commonly used in football, where you predict the outcome of a match. You're not betting on the score, just on the result. Sports…

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  • Furlong

    A furlong is one-eighth of a mile, 660 feet, or 201 metres. It is a distance commonly referred to in horse racing. For example, the Grand National distance is 4…

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  • GamCare

    GamCare is a UK-based charity that supports people suffering from gambling addiction and other related issues. For more information visit the GamCare website or Paddy's Safer Gambling page.

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  • Game (Tennis)

    A game in tennis is part of the sport's scoring system. A player needs to win four points to win a game, and six games to win a set. Points…

  • Gelding

    A gelding is a male horse that has been castrated. Most National Hunt horses are gelded. Discover the difference between race horses here!

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  • Go The Distance

    Go The Distance is a sporting term where a horse, athlete or team completes the event in question. A horse is said to be able to 'go the distance' when…

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  • Goalscorer

    Goalscorer is a common term found in football betting, which refers to the player who scores a goal. Types of goalscorer bets include first/last goalscorer and anytime goalscorer. Check out…

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  • Going

    The going is a term in horse racing to describe the conditions of the racecourse. For example, if there is heavy rain on the course then the going might be…

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  • Gold Cup

    The Gold Cup usually refers to the Cheltenham Gold Cup, which is one of the most prestigious races in horse racing. It is the crowning event at Cheltenham Festival each…

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  • Goliath

    A Goliath bet consists of eight selections that come together to make 247 total bets: 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, eight seven-folds and one eight-fold…

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  • Grade Races

    Grade Races are a select class of horse race, where the runners all have an Official Rating. There are three Grades (One, Two and Three) that host the very best…

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  • Grand National

    The Grand National is perhaps the most famous horse race in the world. It features 34 horses running 4 miles and 2½ furlongs over 30 jumps at Aintree Racecourse. Fans…

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  • Group Races

    Group Races are types of races run in the Flat season. They are the best races and are divided into Group 1, 2 and 3. Horses have to earn their…

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  • Group Round Betting (Boxing)

    Group Round Betting in boxing is when you bet on the fight to stop across a certain band of rounds. For example, you could group rounds 1 and 5 together…

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  • Half Time Full Time

    A Half Time Full Time bet is where you predict the result at half time and full time, usually in a football game. There are nine possible HT/FT outcomes: Home/Home,…

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  • Half Time Result

    When you bet on the Half Time Result, you predict which team or individual will be winning a match at the halfway stage. This is most common in football, rugby…

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  • Half Time Score

    Half Time Score in betting is when your predict what the correct score will be at the halfway stage of a match. It's a common bet in football, hockey and…

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  • Half With Most Goals

    Betting on the Half With Most Goals is a football bet where you predict which half features the most goals. Premier League games generally feature more goals in the second…

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  • Halter

    A halter in horse racing is a loose-fitting set of straps attached to a horse's head when they are in the stables. The halter is replaced by a bridle when…

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  • Handicap (Betting)

    A handicap is a type of betting market where the score is adjusted to even out the odds. In football, England might be given a -2.5 goal handicap in a…

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  • Handicap (Horse Racing)

    A handicap in horse racing is a type of race where horses carry different weights, in order to even out the contest. Inexperienced horses may carry less weight to give…

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  • Handicapper

    A handicapper determined what weights horses should run with. Many races allow deductions to the official weight that each horse carries, so that inexperienced horses and jockeys have a fighting…

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  • Handle

    A betting handle is the total amount of money placed on market. For example, if 100 people each beat £10 on the Preakness Stakes then the total handle is £1,000.

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  • Hedging

    Hedging in betting is the idea of splitting your stake across more than one outcome, in order to cover you if your big bet doesn't win. For example, you might…

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  • Heinz

    A heinz bet consists of six selections that come together to make 57 total bets: 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and one six-fold acca. If you plan…

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  • Hook

    The hook is a term used in spread betting for the last half-number on a spread. For example, if the spread moves from -4 to -4.5 then that final -0.5…

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  • Horse Ratings

    Horse ratings are calculations that determine how 'good' a racehorse is, for handicapping purposes. If a horse is highly rated then they can enter bigger races. Lose a few races…

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  • Hurdles and Fences

    Hurdles and fences are jumps that racehorses vault when running in National Hunt races. Hurdles are shorter, coming up to a minimum height of 3ft 6in. Fences are taller and…

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  • IBAS (Independent Betting Adjudication Service)

    IBAS is an independent dispute service that oversees issues between punters and licensed UK bookmakers. Punters can raise disputes with IBAS via their website. Please note that IBAS has no…

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  • Implied Probability

    Implied probability is the percentage likelihood of a bet happening. For example, an Evens bet of 1/1 (2.00) has a 50% probability. The bigger the odds, the less chance of…

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  • In-Play Betting

    In-play betting is when you bet on live odds as a sports event unfolds. Examples of in-play betting include betting on live football midway through the first half, betting on…

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  • Joint-Favourites

    A joint-favourite in betting occurs when two or more selections are given the lowest odds in the market. So, if England, France and Spain are all 5/1 to win the…

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  • Jolly

    A Jolly is another term for favourite and is used primarily in horse racing betting.

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  • Juice (Vigorish)

    Juice is a slang term in betting for the automatic fee taken by a bookmaker for accepting your bet. It's a more common thing in US betting where punters bet…

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  • Juvenile

    Juveniles are young horses that are still learning to race. A two-year-old horse is a Juvenile in the Flat season, while the National Hunt juveniles are three years old. Juvenile…

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  • Kelly Criterion

    The Kelly Criterion is a complicated betting system designed to show punters the optimum size of their stake when placing a bet. Here's the formula: f = (bp – q)…

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  • Kentucky Derby

    The Kentucky Derby is the most famous horse race in North America and the first leg of the US Triple Crown. It's a two-minute bolt around the Churchill Downs racetrack…

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  • King George VI & Queen Elizabeth Diamond Stakes

    The King George VI & Queen Elizabeth Diamond Stakes is one of the most prestigious horse races in the UK and Irish calendar, and runs at Ascot every summer. It…

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  • King of the Oche

    King of the Oche is a darts bet where you back a player to win a match, throw the highest checkout, and claim the most 180s. It's a go-to bet…

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  • Knocked Down

    A boxer is knocked down if they are sent to the canvas by a punch from the opposing boxer. Slips and trips don't count as knock downs. This is important…

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  • Knuckling

    Knuckling is an issue race horses suffer when their hind legs straighten so much that they are at risk of tripping over. It's not pleasant for the horses and needs…

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  • Lay Bet

    A lay bet – or laying a bet – is when you bet against something happening. It's a common bet option in exchanges, where you can bet for or against something. For…

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  • Laying the Points

    Laying the points is a term associated with spread betting, where you back the favourite by an amount greater than the spread. It's a common phrase in US betting but…

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  • Length

    Length is the measure of distance in horse racing that refers to the length of a horse. If a horse wins by eight lengths, it means the runner-up was eight…

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  • Lengthen

    Odds lengthen when they get bigger in response to no-one betting on that selection. For example, if punters overlook a horse in the ante-post betting markets then the horse's odds…

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  • Line Shopping

    Line shopping is an American term for shopping around various bookmakers to find the best odds on an event. They call it line shopping because of the moneyline (match odds)…

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  • Lines

    You might hear a lot of talk about lines in sports betting. Here in the UK and Ireland we don't really 'do' lines but it's a big thing in North…

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  • Listed Horse Race

    Listed horse races sit under the top brand of Group races in the UK and Ireland (such as Grade races for National Hunt, and Class races for Flat) and apply…

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  • Live Betting

    Live betting in a catch-all term for any betting market that features in-play odds while a sports event is playing out. This could be live odds midway through a football…

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  • Live Streaming

    Bookmakers like Paddy Power offer live streaming on thousands of sports events every year. Live streaming is when video footage of the event in question plays in real time alongside…

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  • Long Odds

    Long odds is another term for an outside bet, where a punter wins big money off a small stake. The term originates from horse racing with the idea that odds…

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  • Long Shot

    A long shot in betting is slang for a bet that has little chance of winning. The probability of a long shot might be less than 15%. For example, Finland…

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  • Lucky 15

    A Lucky 15 bet consists of four selections that combine to make 15 different bets. These are: 4 singles, 6 doubles, 4 trebles and 1 fourfold acca. It's most commonly…

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  • Lucky 31

    A Lucky 31 bet consists of five selections that combine to make 31 different bets. These are: 5 singles, 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold acca. It's…

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  • Lucky 63

    A Lucky 63 bet consists of six selections that combine to make 63 different bets. These are: 6 singles, 15 doubles, 20 trebles, 15 four-folds, and 6 five-folds and a…

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  • Maiden (Cricket)

    A maiden in cricket is when a bowler completes an over without losing any runs. You can bet on maidens in Paddy Power's live cricket odds.

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  • Maiden (Horse Racing)

    A maiden is a horse that has never won a race. Once they win a race, they're not a maiden. This is important because you can bet on maiden horse…

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  • Make The Cut (Golf)

    A typical golf tournament features a cut at the midway point, where half the players are 'cut away' from the field and don't continue the final two days of action.…

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  • Mare

    A mare is a female racehorse aged four and over. There are some races reserved specifically for mares, including the Mares' Hurdle and the Mrs Paddy Power Mares' Chase at…

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  • Match (Tennis)

    A match in tennis is made up of points, games and sets that culminate in someone (or a doubles pair) winning. Matches are either players across three or five sets.…

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  • Matched Betting

    Matched betting is where you bet on all outcomes of an event, using a bookmaker's free bets and offers to help you. For example, you might bet £10 on Chelsea…

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  • Maximum Break (Snooker)

    A maximum break in snooker is when a player scores 147 uninterrupted at the table. They need to pot all 15 reds accompanied by blacks, before sweeping up the rest…

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  • Maximum Payout

    Bookmakers apply maximum payouts to most sports in order to help reduce punters from overspending when they bet. For example, the maximum payout for a single football bet is £1m.…

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  • Middling

    Middling is a hedging strategy when spread betting, where you bet on both sides of the spread in the hope of locking in profit regardless of the outcome.

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  • Minimum Bet

    The minimum bet is the smallest amount you can place on an event in order for the bet to be accepted. The minimum stake at Paddy Power is usually £/€0.10.…

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  • Mobile Betting

    Mobile betting is a term for all bets placed on smartphones or tablets, usually through an app. For example, you can bet on mobile via the Paddy Power app on…

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  • Money Back as Free Bet

    A Money Back as Free Bet deal means you get your stake back as free betting funds if your selection loses. For example, you trigger a Paddy Power 'Money Back…

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  • Moneyline

    A moneyline is an American term for the match odds of a sports event. For example, if you bet on Scotland to beat Italy in the rugby, then you've bet…

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  • Monkey

    A monkey is slang for a £500 bet.

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  • Multiple Bet

    The minimum bet is the smallest amount you can place on an event in order for the bet to be accepted. The minimum stake at Paddy Power is usually £/€0.10.…

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  • NAP

    NAP is a horse racing tipster's best tip of the day. It derives from a French card game called Napoleon. Read more about NAPs in our guide here!

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  • National Hunt

    The National Hunt is horse racing's winter season. The majority of races involve hurdles or fences, which are easier to jump on soft winter racecourses. The summer racing season is…

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  • Next Goal Betting

    Next Goal betting is a simple bet on which team or player will score the next goal. It's commonly found in football odds, but can also be applicable to ice…

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  • Nickel

    A nickel is sports betting jargon for a $500 bet. It's the American equivalent of a monkey in UK and Irish betting.

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  • Non-Runner

    A non-runner is when a horse previously available to bet on withdraws from a race before it starts. In this instance the horse is a non-runner and your stake is…

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  • November Handicap

    The November Handicap takes place at Doncaster Racecourse every November and marks the end of the Flat season. The race is run over 1m 3f 197y.

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  • Novice Chase

    A novice chase is a steeplechase race across jumps and ditches open to horses that are yet to win a National Hunt race that season. These horses are deemed novices.…

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  • Novice Hurdle

    A novice hurdle is a race across hurdles open to horses that are yet to win a National Hunt race that season. The most famous of these races is the…

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  • Nursery Race

    A nursery race is a handicap race for two-year-old horses, sometimes known as a juvenile race. They run in the Flat season and give handicappers a chance to assess horses…

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  • Oaks

    Oaks races are open to fillies only and originate from the Epsom Oaks, which has run at Epsom Downs since 1779. The term has since spread to other filly-only races,…

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  • Odds

    Odds show you the chances of something happening, and display how much you stand to win if you bet on that outcome. For example, odds of 4/1 show you'll win…

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  • Odds Compiler

    Odds compilers set the odds for sporting events. They use reams of statistical data to find the likelihood of outcomes. So, if England are 1/3 to beat Germany at the…

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  • Odds-Against

    Odds-against means the profit you make from a bet is greater than your stake. It derives from the idea that the bookmaker is 'betting against' an outcome, which is why…

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  • Odds-On

    Odds-on means the profit you make from a bet is smaller than your stake. It derives from the idea that the bookmaker is 'betting on' an outcome, so they're unwilling…

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  • On the Bridle

    A horse is deemed On the Bridle when it accepts the bit between its teeth and its headgear falls naturally back to the jockey. It's become a slang term for…

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  • Optional Claimer

    An optional claimer is a horse race where the competing horses may or may not be put up for sale before it starts. It is a mix of allowance and…

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  • ORs (Official Ratings)

    OR in horse racing stands for Official Rating. Each horse is given an OR based on their form. If a horse wins races, its OR goes up and it can…

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  • Outright

    Outright is a type of bet that focuses on long-term markets. Examples include which team will win the World Cup, or which athlete will win the 100m final. Outright bets…

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  • Outsider

    An outsider is any selection in sports betting that has less chance of winning than other options. For example, a horse priced at 60/1 to win a race would be…

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  • Over/Under

    An Over/Under bet is where you bet below (under) or above (over) a statistical line. For example, you could be on over 2.5 goals in a football game. So long…

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  • Own Goal

    Own goals refer to any instance where a player scores a goal or point for the opposing team. Most commonly found in football betting, own goals do not affect first…

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  • Parlay

    A parlay bet is any bet where two or more selections are combined together. It's the American version of an accumulator or combination bet. Parlays multiply all odds together to…

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  • Patent

    A patent bet consists of three selections that combine to make seven different bets. These are: 3 singles, 3 doubles and 1 treble. It's most commonly used in horse racing.…

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  • Payout

    Bettors receive a payout from a bookmaker when a winning bet settles. For example, if you bet on England to beat Germany at the World Cup and they cruise to…

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  • Penalty Awarded (Football)

    Penalty Awarded is a type of football bet, where you bet on a match to feature a penalty, or a team to earn a penalty. So long as a penalty…

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  • Photo Finish

    A photo finish is a term used when the result of a horse, dog or athletics race cannot be determined by the naked eye. In this instance, slow-mo replays and…

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  • Picks

    Betting picks are the choices tipsters make. For example, Paddy's tipster Jason Weaver will offer six picks from a race at Newmarket. These are his tips for the day.

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  • Place Betting

    Place betting is the act of betting on horses to finish in the top few places of a race. It's different to win betting, where you back a horse to…

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  • Podium Finish (F1)

    A podium finish bet backs a driver to finish in the top three of an F1 Grand Prix. Podium finishes are a smart way to back drivers you know probably…

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  • Pony

    You can race ponies but few bookmakers ever take bets on these events. Instead, a pony in betting refers to a £25 bet.

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  • Pool

    A betting pool is a type of bet where punters add their stakes on an event into one big pot. The pool organiser, usually the Tote, holds all the money…

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  • Post Position

    Post position in horse racing betting refers to the stall number a horse is positioned in for a race. Post positions, particularly in US horse racing around oval tracks, can…

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  • Price

    Price in betting is another word for odds. You might hear someone saying the 'price' of England to beat Germany is 2/1. Or a horse might be 'priced' at 10/1…

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  • Prix De L’Arc De Triomphe

    The Prix De L’Arc De Triomphe is France's most famous horse race. It is a Group 1 Flat race that takes place every October at Longchamp Racecourse in Paris. Famous…

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  • Promo Code

    A promo code in betting is a code you can use to trigger a promotional offer at a bookmaker's website or app. You might, for example, enter a free bet…

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  • Promotions

    Promotions in betting refer to any boosts or offers available to punters at a bookmaker. For example, welcome bonuses and free bets are promotions, as are odds boosts, extra places,…

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  • Prop Bet

    A prop bet is an American term for all side bets not directly focused on the outcome of a game or match. For example, betting on corners in football, the…

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  • Pulled Up (Horse Racing)

    A horse is pulled up when the jockey decides it is unsafe to keep racing, and so pulls the reins to stop the horse from running any further. It occurs…

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  • Punt

    A punt is another term for a bet, and a punter another term for a bettor. It's a slang term that originates from baccarat, where you could bet on the…

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  • Punter

    A prop bet is an American term for all side bets not directly focused on the outcome of a game or match. For example, betting on corners in football, the…

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  • Push

    A push in betting is when a bet settles without either the punter or the bookmaker winning. In this instance, you get your stake 'pushed' back to you, like you…

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  • Pushed Out

    Pushed out is a horse racing term to signify when a horse breaks from the pack to lead the race, usually in the final stages. If the horse you've backed…

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  • Racecard (Horse Racing)

    A racecard is the lineup of horses competing in a race. It shows each horse's name, number, jockey, connections, form and odds. Punters use racecards to determine which horse to…

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  • Rebounds (Basketball)

    Basketball punters can bet on rebounds in all NBA games. A rebound is awarded to whichever player collects the ball after an unsuccessful shot attempt. Rebounds are awarded for both…

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  • Refer A Friend

    A 'refer a friend' bonus rewards punters for recommending their mates to the same bookmaker. The Paddy Power Friends With Benefits offer rewards players with £20 when their friend signs…

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  • Refused (Horse Racing)

    A horse is deemed to have refused in a race when it doesn't leave the starting gate or won't jump a hurdle or fence. You will see R on a…

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  • Request A Bet

    Request a bet is a service many bookmakers provide, where punters can ask for odds not currently displayed. For example, you might request the odds of a lesser-known golfer to…

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  • Return

    Return is the money that returns to you after a successful bet. It your total profit + stake. So, if you bet £10 on England to beat Germany at 3/1,…

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  • Reverse Bet

    A reverse bet is when you make a prediction on the winning order of a race, and include an option for that order to be flipped. For example, if you…

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  • Rollover Requirement

    Betting sites someones apply a rollover requirement to bonus funds, in order to prevent money laundering. Say, for example, you get a £10 free bet with a 5x rollover requirement.…

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  • Round Robin

    A round robin is a multiple bet consisting of three selections, which form to make 10 bets: 3 double bets, 1 treble bet and 3 up-and-down single-stake pair bets (which…

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  • Rule 4

    Rule 4 is an odds recalculation method that applies primarily in horse racing when a favourite is withdrawn before a race. The odds of all remaining horses aren't correct if…

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  • Runner

    A runner is a slang term used in horse racing to denote a horse competing in a race. For example, if the field for a race at Cheltenham is cut…

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  • Safety Car (F1)

    A safety car is deployed in Formula One when an incident occurs on the track – such as a crash – that requires the drivers to drive slowly under Yellow…

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  • Scalper

    Scalper is a term for someone who bets on exchanges and picks up small changes in the odds to build a winning position no matter the result. For example, a…

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  • Schooling

    Schooling in horse racing refers to training a horse to correctly jump over fences and hurdles. A horse is deemed to be properly schooled when it can compete in National…

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  • Score

    The score in sport is the number of points, goals, or any other numerical format that shows who is winning in an event. You can bet on the final score…

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  • Scorecast

    A scorecast is a type of football bet where you back a player to score first and predict the correct result of a match. For example, betting on England's No.9…

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  • Scrimmage Yards

    A scrimmage yards bet is when you back a player to set a combination of rushing and receiving yards in an American Football game. You can either bet over or…

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  • Selection

    A selection is another term for a choice of bet. It's a term primarily used in horse racing betting, where you make your 'selections' across a handful of races in…

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  • Set (Tennis)

    A set in tennis is made up of individual games. A player or doubles partnership needs to win six games to win a set, or seven games if the set…

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  • Set-Profit Dutching

    Set-profit Dutching is a type of Dutch bet where you target a specific profit margin. Say you want to win £10 on a horse race. You split your bet by…

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  • Set-Stake Dutching

    Set-stake Dutching is a type of Dutch bet where you don't budge from the size of your bet. Say you have £10 to bet on a horse race. You split…

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  • Shadow Roll

    A shadow roll is a strip of padded sheepskin or other material that runs across the bridge of a horse's nose. It partially blocks the horse's vision to the ground,…

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  • Shorten

    Shorten in betting is a term for odds that get smaller. If a horse is 8/1 to win a race but then their odds move to 4/1, then they've shortened.…

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  • Sin Bin

    A sin bin in sport is an area outside the field of play, where players who commit an offence must go to sit out their punishment. In rugby, players who…

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  • Single

    A single bet is one selection, so effectively one bet. It's a term most commonly used in horse racing betting when discussing bet types. You might place a single bet…

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  • Sire

    A sire is the father of a horse. Punters like to know the sires of racehorses, as it can indicate a good pedigree that might make the horse a more…

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  • Special Bets

    Special bets are a group of bet types that don't fit into other categories, and might be unique to one sport or event. For example, you might have special bets…

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  • Sportsbook

    A sportsbook is a betting site, app or shop run by a bookmaker in the US. It's basically the American term for a bookie. You can bet at online sportsbooks…

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  • Spread a Plate

    If a horse spreads a plate it means its shoe has come off or been dislodged before a race. If there's time, the horse will be re-shod and the race…

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  • Spread Betting

    Spread betting in sport requires you to bet on an outcome, with your final payout or stake based on the accuracy of the bet. It's not popular in the UK…

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  • Stake

    In betting, your stake is the money you're willing to risk in a bet. For example, if you bet £1 on England to beat Germany at the World Cup, then…

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  • Starting Price (Horse Racing)

    Starting price is a bet option available in horse racing betting. You can opt to bet on the current odds of a horse, or on its starting price. If you…

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  • Stayer

    A stayer is a term used in horse racing to describe a horse that will likely go the distance in a long race, such as a steeplechase. Stayers develop improved…

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  • Steam

    Steam in betting is an American term used to describe a sudden change in the odds on the same event across various bookmakers. Say, for example, a horse is 7/1…

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  • Steamer

    A steamer is a bet, usually a horse, that suddenly has reduced odds due to an influx of support from punters. In horse racing, a steamer might come from 12/1…

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  • Steeplechase

    Steam in betting is an American term used to describe a sudden change in the odds on the same event across various bookmakers. Say, for example, a horse is 7/1…

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  • Steward’s Enquiry

    A steward's enquiry occurs in horse racing when the race stewards (the referees for the day!) spot something they need to assess after the race is over, or are alerted…

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  • Straight Bet

    A straight bet is a simple bet where you back a team, athlete or horse to win, lose or draw. You're betting on the result of the event, not the…

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  • Straight Forecast

    A straight forecast is when you bet on the exact two finishing positions of a horse race, in the exact order. The opposite of a straight forecast is a reverse…

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  • Straight Sets (Tennis)

    A straight sets bet in tennis is where you back a player or doubles partnership to win a match without losing a set. In doing so, they win the match…

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  • Stud

    Stud is a term in horse racing for when a male racehorse retires and is sent on a breeding programme. They are said to have 'gone to stud' and their…

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  • Super Flag

    A super flag bet consists of five selections that combine to make 46 different bets. These are: 10 doubles, 10 trebles and 5 fourfolds, 1 fivefold, and 10 paired Single…

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  • Super Heinz

    A super heinz bet consists of seven selections that combine to make 120 different bets. These are: 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds, and 1 sevenfold…

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  • Teaser

    A teaser bet is available in the US, where you effectively place an accumulator on various points spreads and are allowed to tweak the spread in your favour, albeit taking…

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  • Tic-Tac

    Tic-Tac is a form of sign language bookmakers once used at horse races to indicate to each other what their latest odds on each horse were. Doing this meant no…

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  • Tie (Cricket)

    A tie in cricket betting is not the same as a draw. Whereas a draw in cricket occurs when both sides fail to complete their innings, a tie in cricket…

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  • Tipster

    A tipster is a betting expert who does their research and offers betting tips to other punters. Paddy has plenty of horse racing tipsters to follow, while you can get…

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  • TKO (Boxing and MMA)

    Boxing, UFC and other martial arts sports often have a TKO bet option. TKO stands for Technical Knockout, when a fighter is struck down and is able to get back…

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  • To Score In Both Halves

    To Score In Both Halves is a bet, where you can a player or a team to score in the first and the second halves of a match. It's a…

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  • To Win Both Halves

    To Win Both Halves is a bet, where you back a team to win the first and second halves of a game. It's different to the HT/FT bet because your…

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  • To Win Either Half

    The bet 'To Win Either Half' backs a team to win at least one of the halves of a game, usually in football. It's a great option if you're backing…

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  • To Win From Behind

    Betting on a team to Win From Behind means backing on them to win a game having been losing at one stage. For example, you might back England to beat…

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  • To Win To Nil

    If you bet on a team To Win To Nil, it means you're backing them not to concede and win the match. This is a pretty simple bet in football…

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  • Tongue Tie

    A tongue tie is a piece of equipment horses wear during races to keep their tongues from falling back in their throats. The aim is to prevent the horse from…

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  • Totals

    Totals in betting is another term for over/under bets, where you back a number to fall above or below a particular line. For example, you might bet on the total…

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  • Tote

    The Tote is a betting organisation that pools bets on a particular event into one big pot. Winners aren't paid out in odds value, but instead earn a share of…

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  • Touchdown

    A touchdown is a score in American Football when a player takes the ball into the end zone. It's worth five points. You can bet on touchdowns and loads of…

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  • Treble

    A treble is a combination bet where you back three outcomes. For example, you could bet on Ireland to beat France, England to beat Germany and Scotland to beat Estonia…

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  • Treble 20

    A Treble 20 is an area of a dart board worth 60 points. It forms the intersection between the 20 slice of the board, and the treble ring. Throw three…

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  • Tricast

    A tricast is where you correctly pick the first three finishers of a race in the correct order. It's a common bet option in horse racing and greyhounds. Read more…

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  • Triple Crown

    There are a lot of triple crowns in horse racing. A horse wins the US Triple Crown when it wins the Kentucky Derby, Preakness Stakes and Belmont Stakes in a…

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  • Triple Double (Basketball)

    A triple double in NBA betting is a statistic for a player who reaches double digits in a game across three of the following five stats: points, rebounds, assists, steals,…

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  • Trixie

    A trixie bet requires you to make three selections and combine them to create four separate bets: 3 doubles and 1 treble. You need at least two of your three…

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  • UK Gambling Commission

    The UK Gambling Commission is the regulator for all gambling activity in the United Kingdom. The UKGC approves and issues licences for bookmakers and casinos, oversees the lottery, and ensures…

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  • Union Jack

    A Union Jack is a multiple bet consisting of nine selections, which form to make 56 bets: 8 trebles, 24 doubles and 24 singles. You win a return so long…

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  • Value Bet

    A value bet is any bet where you think the odds offer greater value than the actual chances of the outcome. For example, if England are 5/1 to beat Germany…

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  • VAR

    VAR (video assistant referee) is an additional official in football who is able to advise on overturning decisions made on the field based on video replays. The VAR can suggest…

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  • Vig

    Vig is short for vigorish, which is the take a bookmaker will earn from hosting a bet. For example, if you were to bet on the toss in cricket, it's…

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  • Virtual Sports

    Virtual sports are computerised simulations of sports like football, tennis and basketball that you can bet on. It has become hugely popular in horse racing and greyhounds betting, and was…

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  • Wagering Requirement

    A wagering requirement (also known as turnover requirement) is sometimes added to promotional funds provided by a betting site. You are required to re-bet your bonus amount a number of…

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  • Weigh In / Weigh Out

    In horse racing, a jockey must keep the same weight throughout the race in order to ensure fairness in the handicapping system. Therefore, jockeys 'weigh out' by weighing themselves plus…

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  • Weight Cloth

    A weight cloth in horse racing is a piece of material that falls over the saddle, where jockeys can add their weights. Handicappers set the weights that must be added…

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  • Weights (Boxing)

    Weights in boxing refers to the different weight categories across the sport. Boxers are split into these categories to make fights fair. In men's professional boxing weights range from strawweight…

  • Weights (Horse Racing)

    Weights in horse racing are small pieces of lead that are placed in a weight cloth on a horse's saddle. Weights are added as part of horse racing's handicapping system,…

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  • Welcome Offer

    A betting welcome offer is a deal for new players, who receive free bets, extra cash, better odds, or another perk as a prize for signing up to a betting…

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  • Wind Surgery

    Wind surgery is a process in horse racing where a horse has an operation on their windpipe to help with its breathing. Horses will have WS on their racecard if…

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  • Winning Margin

    Winning Margin in a term on betting that can be used to set a market. For example, in horse racing you can bet on the winning margin of a race…

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  • Wire To Wire (Basketball)

    A wire-to-wire bet is when you back a team or individual to be leading at each break in a game. It's most commonly found in NBA betting, where you back…

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  • Withdrawals

    A withdrawal is the process of taking your money out of your betting account. You can withdraw your winnings to the bank account you made your deposit, or to e-wallets…

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  • Withdrawn (Horse Racing)

    A horse can be withdrawn from a race before it's even begun, which can affect your bet. If the race card was already published and you placed your bet on…

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  • X (Draw)

    Bookmakers will sometimes use X to symbolise a draw in betting. That's because one way to describe a match bet is a 1X2 bet. Here, "1" symbolises a home win,…

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  • Yankee

    A Yankee bet consists of four selections that combine to make 11 different bets. These are: 6 doubles, 4 trebles and 1 fourfold acca. It's most commonly used in horse…

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  • Yearling

    A yearling horse is aged between one and two years old and it's yet ready for proper racing. Read Paddy's yearling horse guide for everything you'd ever want to know…

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