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Horse racing lay betting explain thesaurus
Автор: Daisar | Category: Betting odds on super bowl | Октябрь 2, 2012So far, if you picked the favorites to advance as Obama mostly did , your bracket is doing nicely: only one team Arizona has pulled off a significant upset to get into the "Sweet Sixteen. But how did chalk come to be the term associated with favored teams? The history of chalk dates back to the old days of horse-racing, when bookmakers or "bookies" would set the odds for each horse by writing them on a chalkboard at on-track gambling stations. The odds would change during the pre-race betting period depending on the amount wagered on each horse, so the bookmakers would often need to erase the posted odds and "chalk up" new ones before the beginning of the race.
The bookies at the track had to be skillful with the chalk to keep their slate-boards up to date with the latest odds. In the reporting on horse-racing around the turn of the twentieth century, sports journalists often referred to bookmakers with such flowery appellations as "the lively knights of the chalk and blackboard," or more simply, "the knights of the chalk.
A quote from the April 27, Washington Post encapsulates the ambivalence that bettors felt toward the chalk of the bookies: Chalk scares many a turf speculator. Let him pick a horse to win, and if he thinks he ought to be the favorite and the bookies lay a big price against him, nine times out of ten the horse won't be played. Some wagerers weren't so chalk-wary and would simply bet on the horses with the lowest odds rather than looking for an upset.
Such unadventurous souls came to be known as chalk players, as in this citation from the July 21, Chicago Tribune: "Sarko and Herby Coles made good for the chalk players, however, winning the third and sixth numbers and each victory was scored easily. Bookie: A person who accepts bets illegally and charges vig.
Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2. He has then "bought" half a point, and the odds of his bet will be changed. Chalk: The favorite in the game. People said to be "chalk" bettors typically bet the favorite. Closing line: The final line before the game or event begins.
Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game. Cover: The betting result on a point-spread wager. For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread. Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.
Even money: Odds that are considered Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.
Fixed: A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence. Futures bet: A long-term wager that typically relates to a team's season-long success. Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season.
Halftime bet: A bet made after the first half ended and before the second half begins football and basketball primarily. Handicapper: A person trying to predict the winners of an event. Handle: The amount of money taken by a book on an event or the total amount of money wagered. Hedging: Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss. This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering.
High roller: A high-stakes gambler. Hook: A half-point. Juice: The commission the bookie or bookmaker takes. Standard is 10 percent. Limit: The maximum bet taken by a book. Lock: A guaranteed win in the eyes of the person who made the wager.
Middle: When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet.
Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Mush: A bettor or gambler who is considered to be bad luck.
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If you want to try and make the most of your horseracing bets, though, you might want to think about placing a lay bet. Therefore, lets that a closer look how this concept works and what is a lay bet in horseracing. One of the reasons why lay betting in horseracing has become very popular, and it involves the use of a betting exchange. On the exchange, you will not be backing one horse to win: you will be going against one or more horses not to win.
This means that you are essentially betting on losers as opposed to winners. Betting exchanges allow you to place odds on the horse and other betting exchange users can then back the horse at the odds given. If you horse does not win as you have predicted, then you will get to keep the stake that the backer put up.
However, if the horse does win, then you need to pay out to the backers. In essence, you are taking on the role of the bookmaker for the duration of the race. You tell the rest of the exchange that you think X horse has Y chance of not winning, and others will then decide to go against your opinion with cash. However, in more complex and risk-reward scenarios, some bettors will lay every horse who is taking part in the race.
This means that even if a certain horse does win, all of the lay betting on the other horses should see them still make a profit in the long run. The most common form of lay betting in horseracing, though, is to simply lay an individual horse or a couple of horses. This is because a race can only be won by one horse; the others all love. So, it is easier to pick a loser than choose a winner, right? Should you lay bet the favourite in horseracing?
A common discussion when working out lay betting in horseracing is whether or not to lay the favourite. Many people choose to lay the favourite because, as any gambler will know, the favourite does not often win in horse racing. If any other horse wins the race than the one you selected, you win the bet. If your horse wins the race, then you have to pay out. In addition to picking against your horse to win, another tempting aspect to lay betting is you are assuming the role of the house or bookmaker.
Say there are eight horses in a race. This means seven of them will be losers, but in case of a lay bet, all seven of them could actually make your bet a winner. In this sense, the odds are definitely in your favor. Although gamblers will have their own opinions on the best way to make lay bets in horse racing , quite often the best option is to pick the favorite to lose.
The odds on picking the favorite will offer the best value bet and have a greater chance of paying off than a back bet, which is picking the favorite to win. In a back bet, if the horse wins, you win. If it doesn't win, you lose. The statistics on this can vary, but in horse racing, the favorite usually wins around 33 percent of the time. Keep in mind some races are better suited for lay bets than others.
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