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| Tab |
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Totalisator Agency Board. The body appointed to regulate off-course betting (bets made by people who are not present at the race track).
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| Take a Price |
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A wager on the underdog in a money line contest.
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| Taking |
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Wagering on the underdog; taking the odds.
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| Taking a Lead |
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An early bet with a favorable price in anticipation of a subsequent movement in the line.
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| Taking a Set |
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When a bookmaker increases the odds of a favoured horse, which he or she believes can't win the race, in order to receive more bets.
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| Tapped Out |
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Broke, busted, common result of pressing.
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| Tax |
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All internet bookmakers are now 'tax-free' in that they don't charge betting taxes directly to punters. In the UK special betting taxes are still charged but they are made against bookmakers on their gross profits.
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| Tccb |
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Test & County Cricket.
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| Teaser |
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A bet on 2 or more teams where the line on each team is adjusted in the favor of the bettor. Like a Parlay, all selections must be correct for the teaser to win. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. Odds are changed in accordance to the number of points the spread is moved and the number of teams combined to form the teaser.
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| The Big Dance |
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The 64 team, post season college basketball championship tournament.
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| Theoretical Hold Percentage |
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The edge the bookmaker would have if the odds guaranteed him a constant commission regardless of the outcome.
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| Theorical Hold Percentage |
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The edge the bookmaker would have IF the odds guaranteed him a constant commission regardless of the outcome
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| Thrown Game |
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A game lost intentionally by a participant.
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| Tic Tac |
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Manual system used by on-course bookmakers to transmit prices of horses
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| Tic-Tac |
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The sign language in which bookmakers communicate with each other on the course.
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| Ticket |
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The betting slip or ticket which is received by the investor from the bookmaker or totalisator, as proof of his or her wager. The ticket is used to collect any dividends.
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| Tie |
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A bet in which no money is lost nor won because the teams' scores were equal to the number of points in the given line.
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| Tip |
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A tip is information about the winning chance of a horse in any particular race.
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| Tips |
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The selections and predictions of competitors performance for an event from an expert or observer.
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| Tipster |
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Individuals or businesses whose job it is to provide hints or tips about the likely outcome of a race or event. Some tipsters publish their advice in newspapers or for free on the internet; others charge for their services. There are many types of tipsters; the best ones submit their tips to proofing services that track the success of their tips over the long term. The worst ones are confidence tricksters.
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| Tissue Prices |
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The bookmakers' forecast of how the betting will open.
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| Title Iii |
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The section of the 1968 Omnibus Crime Control and Safe Streets Act, that permits court-authorized electronic surveillance if certain conditions are met.
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| Token |
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The casino coins used to play slot machines.
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| Top Batsman |
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The highest scoring batsman for one particular team.
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| Toss Up |
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A game where the line is close to pick-em.
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| Total |
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The line on a given contest, representing the combined number of points/goals scored by the two teams; see over/under.
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| Total Over/Under |
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A wager that involves predicting whether the score of a game will go over or under a predetermined level.
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| Total Wager |
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A total wager is a bet on the number of points scored in the game (both teams combined).
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| Totalisator |
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The Totalisator is run by the Horse Race Totalisator Board and is operated on all racecourses. It operates as a pool wherein investors' money, less a fixed percentage, is shared between backers of successful selections.
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| Totals |
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Total combined point/runs/goals scored in a game; In baseball, if either of the two listed starting pitchers don't go the bet is automatically cancelled.
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| Totals Bet |
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A proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sports book.
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| Tote |
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Its full name is the Horserace Totalisator Board. It is a pool or “pot” based system. All bets are pooled and following the race the pool (less deductions - the Tote’s profit) is shared out among those who won. This means that your bet isn’t made at fixed odds as the amount you stand to win is affected by all those who bet after you. Tote prices - they call them “will pays” (an indication of what you would win if there were no bets after yours) are shown at racecourses and on the Tote’s web site. In practice although there are usually some small differences between the Tote’s prices and bookmaker’s prices, they end up pretty even. Some punters have famous stories about big differences on outsiders.
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| Tote Board |
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A device that posts teams, contests, and either the odds or the line.
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| Tout |
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A person who frequents training grounds for the purpose of gaining information about the capabilities of the horses and which he passes on for a fee.
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| Tout Service |
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A company that promises outrages winning percentages to buy their picks
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| Treble |
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To select the teams or players you believe will win three separate specified events, e.g.: Winners of three games of rugby union. All bets are placed prior to the first event.
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| Tricast |
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A wager that involves correctly predicting the first, second and third place in a particular event. This wager can be permed. Normally offered on handicaps of eight or more declared runners and no fewer than six actual runners.
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| Trixie |
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3 selections, 4 bets - 3 doubles, 1 treble.
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| True Odds |
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Punters talk about the true odds. This refers to the odds as they would be if they reflected the actual probability of winning (as opposed to reflecting where the money goes). This must always be an opinion.
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| Ttc |
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Table Tennis Association.
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| Two and Three Balls Betting |
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A golfing bet that involves predicting which player from either a group of two or three will shoot the lowest score over 18 holes.
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| Twtf |
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Third World Tennis Federation.
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