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Betting Glossary - Essential Betting Terms beginning with I

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(Independent Arbitration Betting Service). An arbitration service which was launched to deal with betting disputes between punters and bookmakers.
When the odds quoted get shorter, the price of a horse is said to shorten.
In Hand
In reserve
In the frame
Applied to a horse placed in top 3/4 a race
In-running betting
Some bookmakers offer odds for an event while in progress with prices quoted reflecting the current state of play.
Index Betting
Another name for spread betting.
Closest  to the inner rail on a racecourse
Orders given to a jockey by owner and/or trainer
Interval Training
Standard NH horse training regime where horses run 5 furlongs, rest & run again
The stirrups.