| A lot of the terms used by bookmakers at the race | | | | morning and it price has shortened significantly |
| track are used to confuse inexperienced punters. | | | | Starting Price - The price that the horse started at |
| Next time you have a day at the races, see how | | | | when the race begins |
| many of these terms below are used. | | | | Tissue Prices - The bookmakers own guide to the |
| Early Doors - Early morning exchanges between | | | | opening prices when the betting of a races first |
| bookmakers and punters | | | | begins |
| Faces - Well informed gamblers in the betting ring | | | | Grand - one thousand pounds |
| well known to bookmakers | | | | Sleeper - uncollected winnings |
| Jolly - The horse that is favourite | | | | With the thumb - a good price being taken |
| Nap - A newspaper tipster's best bet of the day | | | | Accumulator - a bet involving many horses running |
| Rag - A horse that is not fancied to win at a big | | | | for you. If a horse wins all of the winnings are places |
| price | | | | on the next horse to win. |
| Steamer - A horse that has been gambled on in the | | | | |