Horse Racing Betting Glossary

Plain-English definitions used throughout our reviews.

Advised odds

the price quoted when a selection is issued.

Strike rate

winning selections divided by total selections.

Level stakes

using the same nominal stake for each qualifying bet.

ROI / yield

return measured relative to stakes under a defined convention.

SP

Starting Price, the industry price determined at the start of a race.

NAP

a tipster's labelled strongest selection; it is not a guarantee.

Proofing

recording selections in advance so later performance claims can be checked.