Horse racing terminology in the UK

I'm doing an analysis of a horse racing game that uses terminology different than in the US. I suspect it is English English.

My question for the UK readers is to please name the following bets:

1. Winner of the race (what we would call a "win" bet in the US).
2. Bet that a particular horse will finish in the top three (what we would call a "show" bet in the US)
3. Bet that a particular horse will not finish in the top three (I've never seen such a wager in the US)
4. Bet on the first and second place horses in the specified order (what we could call is an exacta in the US).
5. Bet on the first, second, and third place horses in the specified order (what we could call is a trifecta in the US).

Thank you.

while not exactly IN UK, the HK Jocky Club does have a UK heritage.

http://special.hkjc.com/racing/info/en/betting/guide_qualifications_pari.asp

Here is what they are called in HK:

1. Winner of the race (what we would call a "win" bet in the US). - Win
2. Bet that a particular horse will finish in the top three (what we would call a "show" bet in the US) - Place
3. Bet that a particular horse will not finish in the top three (I've never seen such a wager in the US) -n/a
4. Bet on the first and second place horses in the specified order (what we could call is an exacta in the US). -n/a
5. Bet on the first, second, and third place horses in the specified order (what we could call is a trifecta in the US). - Tierce

Quote: andysif

2. Bet that a particular horse will finish in the top three (what we would call a "show" bet in the US) - Place

Well, that's confusing. Over here a place bet means finishing in the top two.

Quote: Wizard

Well, that's confusing. Over here a place bet means finishing in the top two.

Confusing.
How generous of you. IT MAKES NO SENSE.

wiz, depending on which bookie you use and which part of england you are in their are various names for the bets.....and as you have found out place means second in north america but over there you can bet a horse to place 2nd, 3rd 4th or even 5th. other names i have seen for our exacta, they use straight forecast, box it and it is a reverse forcast.....tri's are tricast's or trebles.......they also have a variety of multible bets, these can be daily doubles or also doubles on any two races i.e the 1st race at epsom and the 5th race at ascot......you will find as many different bets as you would like to find generally known as each ways.

wiz, if it helps try novicepunter.co.uk/types-of-bets

Quote: Wizard

I'm doing an analysis of a horse racing game that uses terminology different than in the US. I suspect it is English English.

My question for the UK readers is to please name the following bets:

1. Winner of the race (what we would call a "win" bet in the US).
2. Bet that a particular horse will finish in the top three (what we would call a "show" bet in the US)
3. Bet that a particular horse will not finish in the top three (I've never seen such a wager in the US)
4. Bet on the first and second place horses in the specified order (what we could call is an exacta in the US).
5. Bet on the first, second, and third place horses in the specified order (what we could call is a trifecta in the US).

Thank you.

1. Win bet. This is usually placed at current market odds or starting price (SP) - the odds available immediately before the start of the race, based on the odds offered by the on-course bookmakers.



Some off-course bookmakers offer "best odds guaranteed" as a promotion - you can take a fixed price in advance of the race, but if the SP is higher, then your will be paid using that instead.
There is also pool betting, as in US, but this is not so popular due to the odds being much more variable - usually only used by low stakes punters at the race track.

2. Place bet. The number of places paid depends on the type of race and number of runners. The usual rules are
Less than 5 runners, no place betting
5-7 runners, 2 places
8+ runners, 3 places
Handicap races with 16+ runners, 4 places.
For major races, some bookmakers will offer bonus place terms as a promotion - e.g. 5 places paid, or all races for a particular meeting pay 4 places.
Place odds are specified as a fraction (usually 1/4 or 1/5) of the win odds.
Most UK bookmakers won't take place only bets though - it has to be a "each way" bet, 1 unit to win and 1 unit to place. However, betting exchanges such as Betfair offer separate win and place markets.
There are also a place pool bet - again usually used by people at the race track. This works in the same way as a US pool bet, but paying the same number of places as above.
Unlike in US there is usually no separate place / show betting. (Betfair does offer separate place (1,2) or place (1,2,3) markets.

3. Lay Place bet - only available on betting exchanges.

4. Forecast
Most bookmakers offer a common CSF (computer straight forecast) bet. This is calculated using a complicated (secret) formula based on the odds of each runner, plus an adjustment factor depending if the favourite is placed or not.
For on-course betters there is also Exacta betting - a pool forecast bet, same as US Exacta.
Betting exchanges have forecast markets that offer specified odds for each combination, the same as any other market.

5. Tricast
This is calculated similarly to the CSF.
It's not a treble - that's a 3 way parlay across 3 different races.

Thank you for all the help. I'm writing about a game called Virtual Racebook 3D (I hope this link works). Here is how they do the terminology:

Single = Specified horse must win.
Show = Specified horse must finish in top three.
Lay = Specified horse must not finish in top three.
Forecast = Specified two horses must finish in first and second in specified order.
Tricast = Specified two horses must finish in first and second in specified order.

So, they adopt the American terminology for the show bet, the UK terminology on the last three. Where they get "single," I have no idea.

Quote: Wizard

Where they get "single," I have no idea.

Single is another term for a standard (win) bet, compared to doubles, trebles etc. which are the same parlays.

Quote: Peregrine

Single is another term for a standard (win) bet, compared to doubles, trebles etc. which are the same parlays.

Thanks. Welcome to the forum.

I just put the final touches on my new page on Virtual Racebook 3D. Please click the link and let me know what you think. As always, I welcome questions, comments, and especially corrections.

Quote: Wizard

As always, I welcome questions, comments, and especially corrections.

I follow non-North American horse racing just enough to know two other terms:

Accumulator - what is known as a "parlay" in the USA (you make multiple bets, with the winnings from one bet being used as the wager of the next bet)

Bar - the mutuel field ("bar" is a synonym for "except for", as in "it's all over bar the shouting")
(er, you do know what a "mutuel field" is, right?)

That lay bet seems like it would be incredibly open to fixing

Quote: Wizard

Forecast = Specified two horses must finish in first and second in specified order.
Tricast = Specified two horses must finish in first and second in specified order.

These two definitions are identical. Did you mean three horses in the second term?

Quote: Dodsferd

These two definitions are identical. Did you mean three horses in the second term?

Yes. Thank you for the correction.

equivalents

straight forecast= exacta
reverse forecast= quinella
tricast= trifecta
treble= pick 3