Back or backed
To place money on a selection. For example, if you place money on Man Utd to win the Champions League, then you've ‘backed’ them to win the competition. Alternatively, when a lot of money is taken on one particular selection, it is said that it has been ‘heavily backed’.

Bag of sand
Slang for a ‘grand’ (£1000).

A punter's strongest selection and one they think cannot fail to lose. Bankers will usually form the base of combinations and accumulators and they must win for the bet to be successful.

Bar price
This refers to the odds of selections at the last quoted price and bigger. For example, in a large field, the Premiership outright markets may read Manchester United 6/4, Chelsea 7/4, Liverpool 5/1, Arsenal 6/1, 8/1 Bar — meaning every other side is quoted at 8/1 or bigger.

Betting forecast
These are the odds for a race as predicted by the daily newspapers.

Some description for BettorSomeone who places a bet. Known in the UK as a ‘punter’.

Blind bet

This is a bet made by a racetrack bookmaker to draw other bookmakers’ attention away from his sizeable betting on another horse, avoiding a shortening of the odds on the other horse.

Horses that are easily distracted while racing are normally fitted with blinkers to the side of their head, which prevent them from seeing anything other than the racecourse ahead of them.

Board price
This is the price relayed from the racecourse. You can, if required, usually ‘take’ this price and it will remain the price your selection finishes at, regardless of the final starting price. (Can be subject to a Tattersalls Rule 4.)

This is a bookmaker’s tally of the odds and amounts bet on each competitor in an event.

Bookmaker or bookie
The person or company who is licensed to accept your bets.

Bottle of glue
Slang for two, as in 2/1, £2, £200, etc.

A flat race run under National Hunt rules.

Burlington Bertie
Slang for odds of 100/30.

Buy price
Some description for Buy price