Otb betting terminology
One meaning for OTB is 'off-track betting,' which refers to legal gambling on horse racing outside of the race track. Usually, when you are into horse racing. off-track betting system. (7) “off-track betting system” means any group which is in the business of accepting wagers on horseraces at locations other than. What does the term "OTB" mean in the world of sports betting? What is the definition of the term "OTB"? In sports betting, OTB is short for "off the board". BUY STEAM MONEY WITH BTC
When an event is said to be "off the board", that means that the sports book is not currently accepting bets on the event. In most cases, an event is "off the board" for one of two reasons: 1 The opening line hasn't been released as of yet 2 Something has happened that has dramatically altered the potential outcome of the event and the sports book needs to put out a fresh line For instance - let's say that the New England Patriots are playing host to the Pittsburgh Steelers in a key regular season game.
The Patriots open as 5. During practice that week, Tom Brady strains his hamstring and is declared out for the game. Tom Brady missing the game will obviously dramatically change the potential outcome of the game - in fact, the Steelers will likely now be favourites, as Brady is an extremely important player. 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. Treble A bet consisting of 3 selections, all of which must win for the wager to be successful.
Tricast UK See 'Trifecta' below. Trifecta A wager picking the first three finishers in exact order. Called a 'Triactor' in Canada and a 'Triple' in some parts of the U. Trifecta Box - A trifecta wager in which all possible combinations using a given number of horses are bet upon.
The sum of the formula is then multiplied by the amount wagered on each combination.
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