Sports Betting Glossary - B

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Banker - A selection that a punter or tipster feels is a near certainty.

Bar - This shows what the lowest odds of horses or competitors not mentioned in the betting forecast are likely to be - '50-1 bar' means those not quoted are 50-1 or bigger. Also a place to buy beer.

Best Price Percentage - Price percentages are used to calculate over-roundness. A completely fair book is classified as 100% over-round. However the bookmakers' profit margins mean the figure is almost always above 100%. But, if one aggregates the best prices from different bookmaking firms on any event, the percentages become lower. On some occasions, when odds greatly differ from firm to firm, the best price percentage may even drop below 100% showing that the best book on that event is actually in the punter's favour.

Backed - When a bookmaker takes a lot of money on one particular runner, it is said that it has been heavily backed.

Bet -To lay money on the correct prediction of an outcome. Also to lay, gamble and wager.

Bettor - American term for someone who bets.

Bismarck - Term used to describe a favourite who bookmakers expect to be "sunk" or lose and are therefore happy to lay.

Board Prices - This refers to the currently available odds displayed on the boards of on-course bookmakers. It is from these that the starting price for horse races is derived.

Bookmaker - The organisation or person who wins in the end.

Broke -The outcome of too many losing bets.

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