The runner, team or competitor considered by the bookmaker to have more chance of winning than their opponents. The favourite is the shortest priced selection in an event.

This is all the individual competitors taking part in an event.

A female horse up to four years old.

Fixed odds
‘Fixed odds’ are prices which are not dependent on the outcome of an event. Unlike ‘spread betting’, potential winnings and losses are set at the time the bet struck (or at the time the event starts in the case of SP).

Flat racing
Horse racing without fences. In the UK, the season begins in March and runs through to the end of September on turf but runs all year round on all-weather surfaces. Races are run over a minimum distance of five furlongs and a maximum of twenty-two furlongs.

When preceded by a number, a ‘fold’ indicates the number of selections in an accumulator bet. A Five-Fold would be an accumulator with five selections, all of which must win for the bet to be successful.

The history of a selection’s previous performance.

Form player
A punter who makes selections from past-performance records.

Fractional odds
These are commonly used for betting in the UK and Ireland. Fractional odds give you your profit excluding your stake, so your stake needs to be added back in to calculate your total return, e.g., £10 @ 6/4 = £15.00 (this is your profit) plus your stake = £25.00 (this is your total return).

Full cover
A ‘full-cover’ bet has all the doubles, trebles and accumulators involved in a given number of selections.

The distance in which horse races are measured. One furlong is two hundred and twenty yards or one eighth of a mile.