-Field: 1) All the individual competitors in an event. 2) Odds offered on non listed (outsiders) players or teams collectively called the Field.

-Figure: To have a winning chance or the handicapper's rating number that identifies the winning chance (also "fig.").

-Fixed Game: A game in which one or more participants willfully manipulate the final outcome of a game.

-Fixed Odds: Your dividend is fixed at the odds when you placed your bet. No matter how much the odds fluctuate the odds at the time you placed your bet are fixed and written on the ticket. Your dividend for winning is paid at the value stated on your ticket, no matter what happens after you have placed your bet.

-Flag: A bet consisting of 23 bets (a 'Yankee' plus 6 'Single Stakes About' bets in pairs) on 4 selections in different event.

-Flash: Change of odds information on tote board.

-Fold: When preceded by a number, a fold indicates the number of selections in an accumulator (e.g. 5-Fold= 5 selections).

-Forecast: A wager that involves correctly predicting the 1st and 2nd for a particular event. This bet can be straight, reversed or permed. (USA, Perfecta or Exacta).

-Form: Form rates how a team is currently performing. Past performances used to give an indication of the competitor's chances. In US, short for the Daily Racing Form.

-Form Player: A bettor who makes selections from past-performance records.

-Full Cover:  All the doubles, trebles and accumulators involved in a given number of selections.

-Future: (Also, Ante Post) Bets placed in advance predicting the outcome of a future event.

-Goliath: A multiple consisting of 247 bets (28 doubles, 56 trebles, 70 4-folds, 56 5-folds, 28 6-folds, 8 7-folds and 1 8-fold) involving 8 selections in different events.

-Grand: GBP£ 1,000 (also known as a Big'un).

-Grand Salami: A slang word for the over/under total for the combined score of all the hockey contests on the schedule for that day.

-Grand Slam: The four major tennis tournaments Wimbledon, Australian Open, French Open, U.S. Open. Also the four major golf tournaments The Masters, U.S. Open, British Open, PGA Championship (Professional Golf Association). Also in baseball, a homerun with the bases loaded, scoring four runs.

-Half Time Bet: A bet placed on the half time result.

-Half Time Result: A bet that involves the Punter correctly predicting the result of a match at half time.

-Handicap: A method used by bookmakers to make a one-sided event become a more attractive betting proposition. Teams are awarded a number of points start depending on their caliber (also known as the "pointspread" or "line").

-Handicapper: A person who studies, rates and bets on sporting events and/or races.

-Handle: Total sum bet on a race or in a day or some other period.

-Hang Cheng: A form of soccer betting popular in Asia where returns on a team winning or drawing are determined by part-goal handicaps.

-Hedging: This involves placing a bet on opposing outcome to the punters original selected outcome in order to guarantee winnings or cut losses.

-Heinz: A multiple bet consisting of 57 bets (15 doubles, 20 trebles, 15 4-folds, 6 5-folds and 1 6-fold) involving 6 horses in different races.      

-Hook: Half a point added to e.g. soccer or basketball betting lines.

-In an Out Teaser:  An "in and out teaser" is when the player picks the favorite, underdog, over and under of the same game. For example: NY +3 1/2, Dallas -3 1/2. An in and out teaser would have a player take both NY and Dallas, and tease both, to increase the odds of winning the wager. So, if you teased both teams by 7 points, you would have: NY +10 1/2, Dallas +3 1/2. So long as the spread is covered, your wager will be a win.

-In the money: Describes the horses in a race that finish 1st, 2nd and 3rd (and sometimes 4th) or the horses on which money will be paid to bettors, depending on the place terms.

-In the red: Odds on.  

-Joint favorites: When a sportsbook or bookmaker cannot split two teams for favoritism, they may both be joint favorites.

-Jolly: The favorite.

-kite: UK slang for a cheque ("check" in the US).

-Lay a bet: A bookie accepting a bet.

-Layer: A bookmaker or one who "lays" odds.

-Lengthen: When a bookmaker sees little activity on a particular outcome, they may choose to lengthen or increase the odds available.

-Lines: Handicaps, pointspreads and odds offered to the punter.

-Line maker: One who compiles or sets the original or subsequent betting lines.

-Lock: Term used for an almost guaranteed winner.

-Long Odds: Odds (e.g. 100 to 1) offered against a competitor unlikely to win.

-Long Shot: The outsider or unfancied runner, usually against which "long odds" have been offered.

-Lucky 15,31,63: Multiple bets on all possible combinations of 4, 5 or 6 selections. A Lucky 15 (same as a Yap) is 4 selections, so 4 singles, 6 doubles, 4 trebles and 1 accumulator = 15 bets.

-Margin: The amount a competitor in an event finishes in front of another competitor.

-Money Line: (Also, Action Line or Spread Betting) The amount that must be wagered to win $100, or the amount won for a $100 wager.

-Monkey: Bookmakers slang for £500.

-Morning Line: Forecast of probable odds.

-Multiples: Another term for accumulator.

-Nap: The selection that racing correspondents and tipsters nominate as their strongest selection of the day or meeting. Reputed to stand for "Napoleon".

-Nickel: A bet of $500 USD.

-No Action: A bet where no money is lost or won.

-Odds: Also referred to as the price. The returns a bookmaker offers for a selection to win.

-Odds against: Where the odds are greater than evens (e.g. 5 to 2)

-Odds-On: Refers to a price where the odds are less than evens (fractional) or 2 (decimal).

-Oddsmaker: A person who sets the betting odds.

-Off The Board: A game or event on which the sporstbook will not accept action.

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