Sports Betting Glossary - R

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Rag - The outsider in the field, normally available at a big price.

Range - Applies to Tournament-type bets only. The number of places declared valid for betting purposes.

Return - Your winnings, including your stake.

Rule 4 - If a horse is withdrawn shortly before the start of a race and there is insufficient time to form a new market the remaining horses are subject to a deduction if they win or are placed.