Odds of 100 to 30 (also known as "scruffy and dirty"). About the only remaining example of French Odds still commonly used.

A bet which involves correctly predicting the 1st, 2nd and 3rd place in an event.

A

A cumulative bet where the bettor designates a selection in several races or events and bets on the first one; if he wins, the winnings become his bet on the next; and so on (also see fold bets).

Where (particularly US horse racing) win, place and show pools are offered, this is a bet of equal stakes on each outcome.

A bet or wager of any kind is deemed Action if valid. Different rules apply in different sports in determining if a bet is action or no action (e.g. baseball bets are action when the game gets beyond 4½ innings).

UK Slang term for Betting Tax.

Any selection not finishing 1st, 2nd, 3rd or 4th in a race or event.

Ante-post prices are those on major sporting events, usually prior to the day of the event itself. In return for the chance of better odds, punters risk the fact that stakes are not returned if their selection pulls out.

Term used to describe when the whole or part of returns from one wager are automatically reinvested  on a subsequent bet.