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| Jackpot |
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Occurs in bet types such as superfectas when no investors select the winning combination. The monies invested into this superfecta pool are then carried over to the next suitable superfecta race.
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| Joint Favourites |
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When a bookmaker cannot split two teams for favouritism - for example, Arsenal and Manchester United may both be joint favourites at 6/4 to win the English Premiership.
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| Jolly |
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Betting parlance for the favourite in a race - the horse with the shortest odds
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| Jucie |
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The bookmaker's commission, also known as vigorish.
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| Juice |
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This is a slang term meaning the commission that you have to pay if you bet against the spread. You must have a winning average of over 52.38% in order to come out ahead. The bookmaker's commission is also known as vigorish.
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