Not sure about the difference between an Accumulator or a Yankee? It's all here.
A
Accumulator
Time to crack open the champagne when one of these comes in. An accumulator bet consists of more than one selection, all of which must win for the wager to be successful. The US term for an accumulator is a "parlay".
After-time bet
A scurrilous activity that involves the placing of a bet with a bookie - in the full knowledge that the event has already started or indeed finished. After-time bets were more common when many bookmakers first launched their sites on the internet at the turn of the century but with time the layers have tightened up their event start-time security. Shame really.
Ante-Post
Ante Post prices are prices available on sporting events at least one day prior to the event starting. AP prices are often bigger than prices on the day of the event but are on an "all in run or not" basis. In return for the chance of better odds, customers risk the fact that if their selection doesn't run, the stake is lost.
Asian Handicap
Asian-style handicap betting was primarily created as a means of making betting on soccer matches more attractive to the bettor and is very popular in the Far East.
With Asian Handicaps you bet on the favourite or the underdog rather than "home win", "draw" or "away win".
The handicap removes the gap in ability between the favourite and underdog making the match a contest of equal ability.
In a soccer match, the greater the difference in ability between the teams, the more goals you would expect the favourite to win by, and therefore, the bigger the handicap will be.
B
Bag of Sand
Rhyming slang for £1000 or a Grand.
Bar
Odds for an event are often quoted for a number of participants and then there is the statement, 25/1 bar or 33/1 bar. This means that there are other participants or likely participants in the event who are outsiders priced at 25/1 or longer in the first example or at least 33/1 in the second example.
Betting Percentage
A Betting percentage shows whether the odds are in favour of the bettor or the bookmaker. A neutral outcome would be for the percentage to be 100% but bookmakers have to make a profit and therefore there is usually always an element of over round, ie a margin favour of bookmakers. Typically the percentage of odds from any bookmaker will be between 115% and 125%, though this can be lower or higher, largely depending on the number of participants. But, by considering the best odds from all bookmakers, the percentage in favour of bookmakers is often sharply reduced and can even swing directly into bettors' favour by going below 100%.
Bismarck
Phrase coined by bookmaker Barry Dennis after the famous German warship that was wrongly deemed unsinkable.
Used to denote the most likely favourite to be sunk.
Bottle
Betting slang for £200.
C
Canadian
Also known as a Super Yankee this is made up of 26 bets involving 5 selections:
10 doubles,
10 trebles,
5 four-folds,
1 accumulator.
Two successful selections are needed to guarantee a return.
Carpet
Bookmakers' slang for 3/1 or "Double Carpet" 33/1.
Catching Flies
"It's catching flies..." A term used when a horse or greyhound sticks its head in the air under pressure as if to catch a fly in its mouth, a sure sign the animal is ungenuine.
D
Double
A two-leg accumulator with the winnings from the first selection automatically going onto the second selection. Both selections need to win for a return.
E
Each-Way
An each-way bet consists of two wagers. The first is for the selection to win and the second is for the selection to achieve a place. The place odds are determined by the individual conditions of each event. A £5 each-way bet will cost £10 in total.
F
Favourite
The favourite is the selection in an event that the bookmaker considers most likely to win and is therefore listed at the shortest odds.
I
In-Running Betting
This is when odds are offered on an event which is actually in progress. The odds are updated throughout an event depending on how play is going, and the market is usually offered on sporting events which are being covered live on Television. Many bookmakers offer in-running betting on sports including football, golf, cricket and tennis.
J
Jolly
Betting slang for the favourite.
L
Layer
Betting term for a bookmaker - a person who "lays" bets.
M
Monkey
Bookmakers' slang for £500.
N
Nap
The best bet of the day in the opinion of a specific tipster.
O
Odds
The price that a bookmaker offers for a selection to win a specified event. The smaller the price, the more chance the selection has of winning in the opinion of the bookmaker.
Odds-On
Any selection with a price less than even money. If you back an Odds-On selection then your winnings will be less than your stake, eg. £100 on a horse at 1/2 would win you £50. £100 on a horse at 4/5 would win £80.
P
Pony
Bookmakers' slang for £25.
Punter
UK expression for a bettor.
R
Roaf
Bookmakers' slang for £400 - Pronounced "Roaf" it is meant to signify the number Four spelt backwards.
Rule 4
When a horse is withdrawn and there is insufficient time to form a new market the remaining horses in the race are subject to a deduction if they win or are placed. This can apply to other sports.
S
Scorecast
In a football game this involves predicting the first goalscorer and the correct score in 90 minutes. A special price is quoted for both happening.
T
Tic-Tac
Hand signals used by bookmakers on-course to communicate price changes.
Tissue Price
Odds advice provided to bookmakers by professional odds compilers to help them set a particular market.
Tool
One on the highest compliments a punter can pay to a horse or greyhound's ability. "This dog is an absolute 'tool' and I'll swim the Straits of Gibraltar in the sharking season if it doesn't win by three lengths."
Trixie
A Trixie is a multiple bet consisting of 4 bets with 3 selections. The bet breakdown is 3 doubles and 1 treble.
V
Vesuvius
The huge volcano that erupted and engulfed the ancient city of Pompeii. In betting speak it is used to imply a very, very large bet. "Here, chief, I've had an absolute Vesuvius on Arsenal to beat Liverpool." Can be applied to other similarly massive sized wonders of the world including: Niagra, Kilimanjaro, K2 and Dolly Parton's knockers.
Y
Yankee
11 bets involving 4 selections:
6 doubles,
4 trebles,
1 accumulator.
One successful selection is needed to guarantee a return.