Horse Racing Betting Slang
Glossary of Horse Racing and Racebook Betting Terms Some horse racing handicappers make the mistake of assuming everyone knows how to understand them. “I like Gobbledygook and Crazy Verbs. UK slang term for 'Betting Tax'. All-age Race A race for two-year-olds and up. All Out A horse who is trying to the best of his ability. Allowances Reductions in weights to be carried allowed because of certain conditions such as; an apprentice jockey is on a horse, a female horse racing against males, or three-year-olds racing against older. Betting Terminology. Betting doesn’t have to be rocket science. Keep it simple by choosing a horse with a cool name. Or one that’s wearing your favorite color. But if you’re the analytical type who wants to consider a horse’s racing history, learn how to read a Racing Form and try your hand at handicapping. Placing Your Bet. Facts, quizzes and trivia about Horse Racing - Betting Odds Slang, 2/1, Bottle, 3/1, Carpet and more.
Betting Terminology. Betting doesn’t have to be rocket science. Keep it simple by choosing a horse with a cool name. Or one that’s wearing your favorite color. But if you’re the analytical type who wants to consider a horse’s racing history, learn how to read a Racing Form and try your hand at handicapping. Placing Your Bet.
It today’s world, the English language has taken a back seat to slang. Whether it be on social media, instant messaging platforms, through text or email, every body is using some sort of slang which saves them the slightest bit of time and makes them sound like a goof. In sports betting, it is no different. There is a short form or synonym for just about any topic you can think of. Sometimes it makes sense and sometimes, like in this article, it really doesn’t.
Horse Racing Betting Slip
What Does Chalk Mean?
When you hear someone using the term “chalk” they are referring to the betting favorite which includes a team, individual or horse. Generally speaking, when you hear the term “chalk” they are not just describing the favorite, but strong favorites with super low odds – think -300, -500, or 1/9 in horse racing.
For example, if you are looking at a game between the Golden State Warriors and Brooklyn Nets, the Warriors would be considered heavy chalk. They would likely by close to 15 or 16-point favorites and the money line odds would be close to -400. It doesn’t get any chalkier than this.
Where Did the Term Chalk Originate From?
Every word has an origin and a back story and “chalk” is no different. It is believed that back in the old days (long before computers), bookies used chalkboard to update odds. Bookies used to have to change the odds on a favorite regularly as the action came in. Each time they changed the price they had to rub the old price off. After a while, the odds were changed so frequently that the name of the favorite was nothing but chalk dust – hence the term betting the chalk. Over time the phrase spilled over first into modern horse racing and then into sports betting in general.
Will Betting Chalk Win You More Money?
Horse Racing Betting Terms Uk
Technically speaking, not really. Sure, favorites win the majority of games, but if you love betting the heavy favorites, the price you will have to pay is steep. To use the example above, you would have to wager $400 to profit $100. If, by the off chance the Warriors had an off day and lost, your bankroll would take a major hit and it would take a very long time to recoup that $400.
When you are betting the chalk, you are rarely making a bet that has any value. However, this doesn’t mean you should only bet underdogs. You need to be aware of what you are doing and pick the right spots to do so.
Horse Racing Betting Slang Racing
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