Glossary of Australian and New Zealand Punting - T

T

• TAB: Totalisator Agency Board. The original State government body appointed to regulate off-course betting. Many of the State TABs have been privatised in recent years.
• Tabcorp is Australia’s largest gambling and entertainment group. It was established in 1994 following the privatization of the Victorian TAB.
• Take the knock: Fail to honour betting debts. The punter concerned generally goes missing.
• Taken to the cleaners: An expression used by both bookmakers and punters when they have suffered a huge loss.
• Taking a set: When a bookmaker increases the odds of a favoured horse, which in their opinion can't win the race, in order to receive more bets.
• Three-quarter-brother (or sister): A term used for horses out of the same dam, but are by a sires that are half-brothers or who are by the same sire.
• Tomato Sauce Odds: Refers to an odds-on favourite in betting parlance. The phrase derives from the days of fractional odds when bookmakers used a red background on their boards to denote horses running ‘odds on’. These days the phrase is used in general (and somewhat colloquial) horse racing vernacular, for example: “Those who took the tomato sauce odds were never in danger as she led throughout to defeat Splash Of Paint and Amber Cash in 23.38”.
• Ton: A term used for one hundred dollars.
• Tongue tie: A strap or piece of stocking used to tie down a horse's tongue to prevent it getting over the bit, which affects a horse's breathing and the jockey’s control of the horse.
• Tote: TAB.
• Toppy: The top weight or horse carrying the No. 1 saddlecloth.
• Totalisator: An alternative form of betting to bookmakers or a betting exchange. All bets are placed into a pool, and dividends are paid by dividing the final pool by the amount invested on the winner, less a fixed percentage.
• Town: To race in ‘town’ means to race on metropolitan tracks in a capital city, as distinct from all other tracks which are collectively called ‘The Bush’.
• Track condition: Used to describe the racing surface (Fast: Very firm surface, Good: Firm surface, Dead: Track with give in the ground, Slow: Rain affected, Heavy: Very rain affected). Now replaced in some states by a 1-to-10 rating system. (see Track surface)
• Transfusion: An injection of cash.
• Travelling: A descriptive term to indicate current financial status. A bookmaker or punter might be "travelling well" or "not travelling all that well at the moment."
• Treble: An exotic bet consisting of selections in 3 separate races, all of which must win for the wager to be successful.
• Trifecta: An exotic type of wager picking the first three finishers in exact sequence.
• Triple Crown: A term for the three-year-old Randwick Guineas, Rosehill Guineas and the AJC Australian Derby.
• Trots: Harness Racing
• Two Year Old Triple Crown (also known as the Two-year-old Grand Slam): Consists of the Golden Slipper Stakes, AJC Sires Produce Stakes and the Champagne Stakes.