Grand National Betting Terms | Betting Glossary
When you’re betting online, or especially at the track, knowing your Grand National betting terms is a must. Grand National betting is a hugely competitive arena so make sure you’re already ahead.
Grand National Betting Terms
A huge tip that will help you on the day is to get familiar with some Grand National betting terms that you might hear at Aintree 2018.
Accumulator: A bet that involves two or more selections in different races. Winnings from one are placed on the next and accumulated up – hence the name!
Allowance: This is the weight concession the horse is given to compensate for its jockey’s inexperience – these are jockeys that are just starting out, so to make it fairer against the seasoned pros they are allowed to claim a certain weight – the more winners they ride the less they can claim, until they become full-time pros and claim nothing!
Bar: This is a betting term that indicated horses that are not already listed in the betting market for a race are at the bar price or longer odds. You might hear this when a commentator is reading out the odds on the horses – Andy’s Lad 2/1, Jane’s Girl 3/1, Bob’s Boy 5/1 then it’s 6/1 bar (meaning all the rest of the horses are 6/1 or bigger).
Each-way: A bet split in two – one backing a horse to win and the other backing it to finish placed (depending on the race type and the number of runners this will be 2nd, 3rd or 4th)
Evens or even money: This is betting odds where your stake exactly equals your winnings – £5 at evens wins £5, but as you get your stake back too the total return here is £10
Form: A horse’s recent race record. This is shown by figures next to its name on a racecard. Most of the time before the horse’s name to the left: 1=1st, 2=2nd etc. 0=unplaced, P=pulled up, R=refused to race, F=fell, U=unseated rider, SU=slipped up.
Odds on: Another odds terms where the winnings are less than the stake – if there is an odds-on priced horse in the race it will always be favourite and also due to the low odds will have a very good chance of winning. For example – £2 bet at 1/2 wins you just £1 (plus your stake).
On the nose: betting on a horse to win only (not to place).
Penalty: the extra weight carried by horse which has won since the weights for a race were originally published.
Placed: when a horse finishes placed – this will be determined by the race type. The number of runners in the race, but industry placed terms will always be 1st, 2nd, 3rd or 4th.
1-4 runners: win only.
5-7 runners: 1/4 odds a place for 1,2.
8+ runners: 1/5 odds a place for 1,2,3.
12-15 runners in handicaps only: 1/4 odds a place 1,2,3
16+ runners in handicaps only: 1/4 odds a place 1,2,3,4
SP (starting price): This is the price the horse returned at. You might have taken a price when placing your bet. But if you didn’t then every horse is given an SP. This then means all bookmakers across the country can settle that bet at the same odds.