Have you ever wondered what a 'favourite' means in horse racing terms? Well although I sometimes pick my 'favourite' colour or 'favourite' number, a 'favourite' means the horse that is most likely to win. Michael Webster, a respected licensed book maker, will explain some more horse racing terms for us...

You’ll notice that a number of words in the transcript are highlighted. If you click on these, information relating to them will appear in the ‘notes’ column.