Each way
This is a bet which allows you to place a stake of equal amounts on a selection to either win an event or to be placed.

Ear ole
Slang for odds of 6/4.

Some description for Elephant

Even money or evens
This is a 1:1 odds bet. A £10.00 stake would return £20.00 (£10.00 win plus £10.00 staked).

This is a Tote bet operating in races of three or more declared runners in which the punter has to pick the first two to finish in either order.

Slang for odds of 6/1.