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off course betting definitions

Off-Track Betting (OTB), also known as Off-Track Wagering, is essentially sanctioned wagering (or betting) on horse racing away from a race track. Abandoned - A race meeting which has been cancelled because a club did not receive sufficient nominations to be able to stage it, or because of bad weather. type of wager calling for the selection of winners of two consecutive races, usually the first and second. To collect, you must select the winner of two. DAILY FOREX ANALYSIS AND FORECASTS ARE USUALLY CLASSIFIED

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Straight Betting to win only. Straight Forecast UK A tote bet operating in races of 3 or more declared runners in which the punter has to pick the first and second to finish in the correct order. See 'Exacta'. Straight Six A wager to correctly select the winner of each of six consecutive nominated races. Strapper Also known as an attendant. A person who assists the trainer, cares for the horse or helps to put on its equipment. Stretch home-Stretch Final straight portion of the racetrack to the finish.

Stretch Runner Horse that runs its fastest nearing the finish of a race. Stretch Turn Bend of track into homestretch. Stud 1 Male horse used for breeding. Superfecta A bet placed on four horses to cross the finish line in exact chosen order. Super Yankee Alternative name for a multiple bet known as Canadian, a Super Yankee is a Yankee type bet with five selections instead of four. Sure Thing A horse which a punter or tipster believes is unbeatable in a race.

Sweepstakes Type of betting whereby each horse in a race is drawn out of a hat by a particular person who pays a set amount of money for the privilege of buying a horse. The people which chose the winner and placegetters will receive a percentage of the total money pool.

System A method of betting, usually mathematically based, used by a punter or bettor to try to get an advantage. The body appointed to regulate off-course betting bets made by people who are not present at the race track. Take Takeout Commission deducted from mutuel pools which is shared by the track, horsemen in the form of purses and local and state governing bodies in the form of tax. Taken Up A horse pulled up sharply by his rider because of being in close quarters. The Jockey Club An organization dedicated to the improvement of Thoroughbred breeding and racing.

Incorporated Feb. Thick'un A big bet. Ticket The betting slip or ticket which is received by the bettor from the bookmaker or totalisator, as proof of his or her wager. The ticket is necessary to collect the dividends. Ticketer US A forger of bookmakers' tickets. Tic-Tac The secret and complex sign language used by bookmakers at racecourses to indicate movements in the price of a horse.

Tierce A French combination bet in which the bettor predicts the horses that will finish 1st, 2nd and 3rd. Tips The selections chosen by an expert to bet on also known as Picks. See 'Selections'. Tipster A person who makes selections for a race, providing tips on which horses they believe will win the first three places. Top Weight See 'High Weight'.

Totalizator Totalisator The system of betting on races an automated system that dispenses and records betting tickets, calculates and displays odds and payoffs and provides the mechanism for cashing winning tickets in which the winning bettors share the total amount bet, minus a percentage for the operators of the system, taxes etc.

Synonyms: Tote, Parimutuel. Tote Totalizator. The organisation appointed to receive bets and supply dividends in proportion to the amount of the investment. A body in the UK set up to operate pool-betting on all racecourses. Tote Board The usually electronic totalizator display in the infield which reflects up-to-the-minute odds. It may also show the amounts wagered in each mutuel pool as well as information such as jockey and equipment changes, etc.

Also known as the 'Board'. Tote Returns Returns from a tote pool also known as a Dividend , calculated by taking the total stake in each pool after the take out and dividing it by the number of winning tickets. A dividend is declared to a fixed stake, for various win, place and forecast pools. Tout Person who professes to have, and sells, advance information on a race.

Also used as a verb meaning to sell or advertise. Track Condition Condition of the racetrack surface. Slow; Fast; good; muddy; sloppy; frozen; hard; firm; soft; yielding; heavy. Track Record Fastest time for a distance at a particular track. Trail Racing immediately behind another horse. A trail is also known as a sit.

Trainer The person responsible for looking after a horse and preparing it to race. A trainer must hold a license or permit to be entitled to train. Electronic gaming Electronic gaming refers to facilities for non-remote casino gambling that enable multiple players to participate in the same casino game typically roulette via electronic means, where the dealer is located at a different table.

Note that in Industry Statistics, table numbers for electronic gaming refers to the number of player positions not the number of tables. External Lottery Manager An External Lottery Manager ELM is a person that makes arrangements for a lottery on behalf of a society or authority of which he is not a a member, b an officer, or c employee under a contract of employment.

There are two types of FECs, licensed and unlicensed. A licensed FEC is one licensed by us and allowed to offer an unlimited number of Category C and D gaming machines in a premises which is open to all ages. Category C machines must, however, be in a segregated part of the premises that is supervised to prevent children and young people accessing those machines.

An unlicensed FEC contains just Category D gaming machines or bingo prize gaming machines and is also open to all ages. Such a premise does not require a licence from us but must have a permit from its local licensing authority. We discontinued reporting financials as a remote betting category from April onwards. Football Football refers to betting on the sport of football. Gambling Gambling is gaming, betting and participating in a lottery. Gambling remote Gambling remote means gambling in which persons participate by the use of remote communication using the internet, telephone, television, radio, or any other kind of electronic or other technology for facilitating communication.

Gambling Licensing and Advertising Act The Gambling Licensing and Advertising Act is primary legislation which makes provision for aspects of licensing and advertising of gambling in the United Kingdom. A key provision is the requirement for all remote gambling operators whether based in or outside Great Britain to be required to obtain a licence from the Gambling Commission to enable them to transact with British customers and advertise in Britain.

Gambling premise A gambling premise is one used to a operate a casino, b provide facilities for the playing of bingo, c making a gaming machine available for use, d provide other facilities for gaming, or e provide facilities for betting whether by making or accepting bets, by acting as a betting intermediary or by providing other facilities for the making or accepting of bets. Exceptions apply, including the use of a track by a person for accepting bets, clubs and miners' welfare institutions, premises with alcohol licence, travelling fairs, prize gaming, private gaming and betting, and non-commercial gaming.

Various licence types permit the licence holder to conduct all or some of these gambling services. Gambling workforce Gambling workforce means the number of persons employed in licensed gambling activities. An employee is anyone that a licensed gambling operator directly pays from its payroll, in return for carrying out a full time or part time job or being on a training scheme including persons who are temporarily absent but still being paid, for example those who are sick or on maternity or paternity leave.

It does not include a employees not employed in relation to the licensed activity, b former employees only receiving a pension, c self-employed workers, d working owners who are not paid via PAYE, e staff who are not directly employed for example, agency staff , or f volunteers. Each person employed is counted as one, regardless of whether they work full time or part time.

It is reported to us as at a point nearest to the end of an operator's reporting period. Gaming Gaming is playing a game of chance for a prize. It includes a game that involves both an element of chance and an element of skill, a game that involves an element of chance that can be eliminated by superlative skill, and a game that is presented as involving an element of chance, but does not include a sport.

This definition includes traditional "fruit machines" and machines on which virtual betting and gaming by machine as well as virtual lotteries. It includes Fixed Odds Betting Terminals. For regulatory purposes, this definition applies to only gaming machines situated in Great Britain or anything done in Great Britain in relation to gaming machines.

It refers to any apparatus which uses or applies to mechanical power, electrical power or both. It excludes a domestic or dual-use computer, a telephone or other machine for facilitating communication, a machine which is designed or adapted for betting only on future real events, a machine which disposes lottery tickets or otherwise enables a person to enter a lottery with caveats , a machine designed or adapted for the playing of bingo by way of prize gaming with caveats , a machine designed or adapted to be controlled or operated by an individual employed or concerned in arranging for others to play a real game of chance or used in connection with a real game of chance the arrangements for which are controlled or operated by an individual with caveats.

Gaming machine category Note that some gaming machines enable play on multiple games, which may be of different gaming machine categories.

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