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How to Understand British Bookmakers Horse Racing Terms and Slang Next Time You Go to the Races
Many of the terms used by racetrack bookmakers are used to confuse inexperienced punters. Next time you’re having a day at the races, take a look at how many of these terms are used below.
Early Doors – Early morning exchanges between bookmakers and players
Faces – Well-informed gamblers in the betting circle well known to bookies
Jolly – A horse that is a favorite
Nap – Best bet for the newspaper tipster of the day
Rag – A horse that one does not want to win at a high price
Steamboat – A horse that has been gambled away in the morning and its price has been greatly reduced
Starting Price – The price at which the horse starts when the race starts
Handkerchief Prices – Bookmakers have their own guide to opening prices when betting on racing first begins
Grand – one thousand pounds
Sleeper – unpaid profits
Thumbs up – a good price is taken
Accumulator – a bet that involves many horses running for you. If the horse wins, all winnings are places on the next winning horse. Big money can be won, but the odds of that happening are extremely high
Fiddler – A small player or layer
Tank – betting bank
Under the arm – untrustworthy
Return – Reduce the size of the requested bet
Done money – lost money
Beeswax – betting tax
Anti post – betting on the outcome of a race long before the race
Here are some of the bookmaker’s conditions for the amounts of money invested
Grand – one thousand pounds
Monkey – five hundred pounds
Centuri or A Ton – one hundred pounds
Two ponies or half a ton – fifty pounds
Pony – twenty five pounds
The result – twenty pounds
Ten – ten pounds
Five – five pounds
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