Horse race betting takes place on a variety of types of horse racing events. We’ll sometimes call it “thoroughbred racing,” though not all races that you can wager on involve thoroughbreds.
Harness racing is another popular event in America, and you can wager on this form of racing just as easily as traditional thoroughbred racing. Basically, any organized event in which a group of horses race one another for a series of regulated wagers is considered horse race betting.
The betting world can be a confusing place, especially with all the betting terms flying around. This handy jargon-buster guide can help you better understand some of the common betting terms, so you can join in with the punting-talk next time you’re at the races:
BETTING TERMS
Apprentice: A term for a novice jokey; any who has been riding for less than a year. Apprentice jockeys get weight allowances, usually in the neighborhood of ten pounds, meaning they tend to be heavier and slower.
Bounce: Slang for a poor performance by a horse who won his previous showing.
Blinkers: A type of garment worn by a horse to keep his head focused straight ahead. Also called “blinders.”
Closer: Slang for a horse that performs better in the later stages of a race.
Field: A term for the entire group of horses in a given race.
Handicap: A race handicapper assigns weights to be carried by all runners on the basis of a rating gained by their past performances.
Length: A unit of measurement equal to the length of a horse from nose to tail, or about 8 feet. This unit is used to describe the distance between horses while racing.
Morning line: An approximation of expected odds in a race, quoted before actual odds are determined.
PICK 3: A wager involving the bettor picking the winners of three consecutive races.
PICK 4: As above, but with four consecutive races.
PICK 6: As per the Pick 3, but involving six races.
Stalker: Slang for a horse that tends to run immediately behind race leaders.
Workout: An exercise or practice run, conducted early in the morning. Stats from the workout are often used to handicap horse races.
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