Betting Glossary

Joint favourites

When 2 selections are at the same shortest price in an event.

Odds against

A betting price where the odds are greater than evens, i.e. the winnings are larger than the stake.

Odds on

A betting price where the odds are lesser than evens i.e. the winnings are smaller than the stake.

Pari-mutuel

Pari-mutuel is the French totalisator. English bookmakers frequently pay Pari-mutuel returns on major French events.

Permutations/perm

A term used most frequently in football betting meaning "any", e.g. "perm three from five" means trebles in five selections.