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Betting, bets and ways of betting

bet

noun

an agreement in which you bet money on what will happen, or the amount of money that you bet

betting

noun

the activity of trying to win money by placing a bet (=guessing the result of a race, game etc)

call

noun

a guess about which side of a coin will be showing when it comes down after it has been tossed in the air

double

noun

a bet on a horse race in which any money that you win on one race is risked on a second race

each way

adverb

if you bet each way, you win money if the person or animal you choose comes first, second, or third in a race

even money

noun

a situation in which you have an equal chance to win or lose the money that you bet on the result of a race

flutter

noun

a small bet

odds

noun

the chances that are used for calculating how much money you will get if the person or thing you bet on wins a race or competition

spot fixing

noun

in sport, making sure that a specific event happens during a game so that people who know this can win money by betting on it

spread betting

noun

a type of betting on a sports event in which you win money if you guess the correct result within a particular range of possible results

the tote

a system of betting on a horse race in which the people who risk money on the winner share the total amount of money risked on the race

wager

noun

an agreement to win or lose an amount of money depending on the result of a competition or other event

across the board

adverb

bookmaking

noun

each-way

adjective

double or quits

used when betting money on a game, to say that you will either win twice as much money or lose all of it

long/short odds

an unlikely/likely chance of winning if you bet on a horse in a race or on the result of a competition

to the bad

if you are a particular amount of money to the bad, you have lost that amount

pre-cation

a paid holiday given to a new employee before they start their job

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