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Betting guides

Betting guides: how the terms and the sums work

Eight pages on the things that change what a winning bet pays: Rule 4, Best Odds Guaranteed, each way terms, the bet types and the words used for them, plus three guides to the big racing meetings, the Grand National, the Cheltenham Festival and Royal Ascot. They have worked examples, and each links to the calculator that does the arithmetic.

A fan of five navy guide booklets with lime tabs and a tick on the front one

How the guides are written

New to betting terms? Start with the betting glossary, then read types of bets and each way betting explained. Racing readers can go on to what Rule 4 is and how Best Odds Guaranteed works. The seasonal guides cover the Cheltenham Festival, the Grand National and Royal Ascot, and each one links to the calculator that does its sums.

Each guide explains one idea with figures worked out by the same code that runs our betting calculators, so the numbers on the page match what the tools give. They describe how the terms usually work and where the bookmakers’ own rules take over, and they do not tell you what to bet. Where a bookmaker’s terms differ, the guide says so and points to the review.

Guides do not carry a publication date because the ideas do not change from month to month. The bookmaker terms they refer to do change, so the horse racing and football pages and each review carry the month in which we read them. Betting is for people aged 18 and over. GambleAware offers free, confidential support.