Backing two or more selections in any one event, splitting stakes between them so as to ensure the same total return regardless of which wins. For example, if you fancy two horses, both at 3/1, £10 on [..]

44 GMT Baffled by some betting jargon, or want to know exactly which bet is which? We've defined some of the industry's terminology for you.

A bet involving more than one selection with the winnings from each pick going onto the next. For example, £10 on a horse at evens returns £20, which would then go onto the next horse. Were that to wi [..]

Betting on an event well in advance of it taking place.

Where a variation in odds available allows a punter to back both sides and guarantee a win (see 'Over-round').

Mainly used in football, sides are awarded anywhere between a fraction of a goal start to 3 goals dependent on how good or bad they are. The bookies may also award a side half a point start which effe [..]

Backing a selection with the aim of laying it back in future, thus securing profit regardless of the outcome. For example, placing £10 on a golfer at 5/1, then taking a £20 bet back when he is trading [..]

A selection that is fancied very, very strongly indeed and will often be the cornerstone of combination bets.

This refers to the currently-available odds displayed on the boards of on-course bookmakers. It is from these that starting prices are calculated.

A selection that shares its position at the head of the market with at least two others.