Jargon Buster

IBAS

Independent Arbitration Betting Service. An arbitration service that deals with betting disputes between punters and bookmakers.

In running

Refers to events that take place during the course of a race.

In-running betting

Betting on the outcome of a race during the race itself, rather than beforehand. This type of betting is particularly popular on the betting exchanges, though it is also offered by many bookmakers. In-running odds can change rapidly as the race unfolds.