How to Understand British Bookmakers Horse Racing Terms and Slang Next Time You Go to the Races

A lot of the terms used by bookmakers at the race track are used to confuse inexperienced punters. Next time you have a day at the races, see how many of these terms below are used.

Early Doors – Early morning exchanges between bookmakers and punters

Faces – Well informed gamblers in the betting ring well known to bookmakers

Jolly – The horse that is favourite

Nap – A newspaper tipster’s best bet of the day

Rag – A horse that is not fancied to win at a big price

Steamer – A horse that has been gambled on in the morning and it price has shortened significantly

Starting Price – The price that the horse started at when the race begins

Tissue Prices – The bookmakers own guide to the opening prices when the betting of a races first begins

Grand – one thousand pounds

Sleeper – uncollected winnings

With the thumb – a good price being taken

Accumulator – a bet involving many horses running for you. If a horse wins all of the winnings are places on the next horse to win. Big money can be won but the odds of it happening are extremely high

Fiddler – a small bet player or layer

Tank – betting bank

Under the arm – untrustworthy

Knock Back – Cut down the size of a bet asked for

Done Money – lost money

Bees wax – betting tax

Anti post – betting on the outcome of a races well in advance of the race

Here are some bookmaker’s terms for amounts of money staked

Grand – one thousand pounds

Monkey – five hundred pounds

Century or A Ton – one hundred pounds

Two Ponies or Half a Ton – fifty pounds

Pony – Twenty-five pounds

Score – twenty pounds

Tenner – ten pounds

Fiver – five pounds