⚡ Updated March 2026

Race Result Codes &
Performance Indicators
— Complete UK Guide

Everything you need to decode a Racing Post form guide — from race result codes (UR, PU, BD, F) to performance ratings (RPR, OR, TS) and form guide indicators (BF, C&D, CD). Every code explained with its direct betting implication.

Race result codes
Performance ratings
Form indicators
📖 How to Read a Horse's Form String
1 – 2 3 1 F P U 1
1Won
Season break
22nd
33rd
1Won
FFell
PPulled Up
UUnseated
1Won (latest)

Form strings read oldest on the left, newest on the right. Numbers show finishing positions (1–9; 0 = finished 10th or lower). A dash separates different seasons. Letters indicate non-completions or special outcomes.

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Race Result Codes

12 codes
UR
Unseated Rider
Race Result · National Hunt

UR (Unseated Rider) means the jockey was dislodged from the saddle during the race — most commonly at a fence or hurdle in National Hunt racing — but the horse itself did not fall over. The horse may continue galloping riderless. UR is fundamentally different from a Fall (F), where both horse and rider come down together. In flat racing, UR is extremely rare and usually occurs at the starting stalls.

When assessing a horse's form that includes a UR result, always consider whether it was a genuine lack of ability or simply bad luck — a horse that was going well when unseated at the last has potentially strong claims next time. The going, fence type (plain fence vs open ditch) and race circumstances all provide context.

💸 Bet impact: All bets lost. The horse did not complete the course under jockey control. Both win and place parts of each-way bets are settled as losers.
PU
Pulled Up
Race Result · Most Common Non-Completion

PU (Pulled Up) is the most common non-completion result in jump racing. The jockey deliberately brought the horse to a halt before the finishing line — usually because the horse was exhausted, going lame, jumping badly, or the jockey judged that continuing would risk injury. A responsible jockey will always pull up rather than risk a horse's welfare.

In a horse's form string, PU is sometimes shown as lowercase 'p'. When reviewing form, always try to understand why a horse was pulled up — a horse pulled up with a breathing problem or minor injury may be perfectly fine next time, while one pulled up simply because it was beaten and tiring is a different proposition.

💸 Bet impact: All bets lost. A PU horse did not finish the race.
BD
Brought Down
Race Result · Unlucky Exit

BD (Brought Down) means the horse was knocked over or tripped by another horse that had already fallen in front of it — through no fault of the horse or jockey. A brought-down result should be treated sympathetically when assessing the horse's ability for future races — it tells you nothing about the horse's performance level, only that it was unlucky. Many horses that are brought down when travelling well go on to win next time.

💸 Bet impact: All bets lost. However, the BD result should be viewed as an unlucky exit — not a performance indicator.
F
Fell
Race Result · Jump Racing

F (Fell) means both horse and jockey came down during the race — usually at a fence or hurdle in National Hunt racing. Horses can fall at any fence; some are more prone to falling at specific types of obstacle (open ditches particularly). A horse with several F entries in recent form is often flagged as a jumping concern — though once is easily forgivable, especially in bad ground or with circumstances.

💸 Bet impact: All bets lost. Falls in recent form are a risk flag worth noting in future assessments.
RO · SU · CO
Ran Out · Slipped Up · Carried Out
Race Result · Various

RO (Ran Out) — horse swerved off course and bypassed a fence or hurdle rather than jumping it. SU (Slipped Up) — horse lost its footing on the track (common on bends or in wet conditions). CO (Carried Out) — horse was forced off course by the actions of another horse, through no fault of its own.

All three result in the horse failing to complete the course and are generally considered unlucky — particularly SU and CO, which are entirely caused by external factors. A horse that ran out (RO) may have a jumping or concentration problem worth noting.

💸 Bet impact: All bets lost in all three cases. SU and CO should be treated sympathetically in future form assessment.
NR · DSQ · WO
Non-Runner · Disqualified · Walkover
Race Result · Special Outcomes

NR (Non-Runner) — horse declared as not running. Stakes returned to bettors. DSQ (Disqualified) — horse disqualified after the race following a stewards' enquiry or failed dope test. All bets on a DSQ horse are lost. WO (Walkover) — all other horses were withdrawn, leaving one horse to walk the course. Most bookmakers void walkover bets or settle at evens.

ℹ️ Bet impact varies: NR = stake returned. DSQ = bets lost. WO = varies by bookmaker — most void or settle at evens.
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Performance Ratings

5 key ratings
RPR
Racing Post Rating
Performance Rating · Independent · Racing Post

RPR (Racing Post Rating) is an independent performance figure published by the Racing Post after every race. It is compiled by Racing Post's team of form analysts and measures how well a horse performed relative to the standard for that type of race. Unlike the Official Rating (OR), RPR is not set by the BHA and has no bearing on weights carried in handicaps — it is purely an analytical assessment of performance quality.

The RPR is one of the most widely referenced figures in UK horse racing form study. A horse's best-ever RPR is a strong indicator of its ceiling — you should always look at the highest RPR a horse has achieved to understand what it is capable of on its best day. When a horse runs to an RPR significantly higher than its Official Rating, it may be running off a lenient handicap mark — a significant value betting opportunity.

RPR Reference Scale — Flat Racing

120+
Group 1 / Pattern class
110–120
Group 2/3 / Listed
100–110
Top handicapper
90–100
Good handicapper
80–90
Average handicapper
Below 80
Moderate / lower level

RPR Reference Scale — National Hunt

170+
Gold Cup / Champion Hurdle class
155–170
Grade 1 / top-class
140–155
Grade 2/3 level
125–140
Top handicapper
Below 125
Handicap / lower grade
How to use it: When a horse's RPR significantly exceeds its current OR, it may be well-handicapped — a potential value betting opportunity. Always compare a horse's best-ever RPR to today's OR to identify potential improvement.
OR
Official Rating
Official Handicap Mark · BHA · Weight Allocation

OR (Official Rating) is the handicap mark assigned by the British Horseracing Authority to every horse that has completed at least three qualifying runs. In handicap races, the OR directly determines the weight each horse carries — higher OR = more weight. The BHA's team of handicappers review each horse's form after every run and adjust ORs accordingly: winners are usually raised, and horses that are consistently well-beaten may be dropped.

The OR is the primary tool for identifying value in handicap betting. A horse whose true ability (as indicated by its best RPR or top speed figure) significantly exceeds its current OR is potentially running off a lenient mark — the handicapper may not have fully caught up with its improvement. Conversely, a horse with a rapidly rising OR may be running off a higher mark than its form justifies.

How to use it: Compare a horse's best RPR to its current OR. An RPR of 110 with an OR of 95 suggests the handicapper has room to raise the mark — meaning the horse could win off its current weight before being reassessed. This gap is where value lies.
TS
TopSpeed Rating
Speed-Based Rating · Racing Post · Time-Derived

TS (TopSpeed) is a time-based performance figure published by the Racing Post, calculated from how fast a horse ran relative to the standard time for that course and distance. Unlike RPR, which incorporates the quality of horses beaten and the overall race performance, TS is purely a function of time — a horse that runs faster than the standard time achieves a higher TS.

TS is most valuable on fast ground (Good to Firm or Firm) where race times are reliable indicators of ability. On Soft or Heavy going, times are distorted by conditions and TS figures are much less meaningful. A horse with a consistently high TS on fast ground is likely to perform well again on similar going at a similar distance.

ℹ️ How to use it: Compare TS figures only on similar going conditions. A horse with TS 98 on Good to Firm is very different from a horse with TS 98 on Soft — the former is more reliable evidence of ability. Best used alongside RPR for a complete performance picture.
SP · BSP
Starting Price · Betfair Starting Price
Market Data · Odds Reference

SP (Starting Price) is the official odds of a horse at the moment the race starts, determined by on-course bookmakers and SP reporters. It is the default settlement price for most ante-post and "SP" bets. The SP reflects the consensus of the betting market at the off — a reliable guide to market confidence in each runner.

BSP (Betfair Starting Price) is derived from the Betfair exchange market at the off, rather than from on-course bookmakers. BSP can differ significantly from traditional SP — exchange prices are often more accurate reflections of true probability, especially for outsiders. Some non-GamStop bookmakers offer BSP as a pricing option for horse racing.

ℹ️ Betting note: Non-GamStop bookmakers often offer better prices than SP on favourite horses. Shop around between non-GamStop sites before the off — the difference between 5/2 and 3/1 on a £50 bet is £25 in profit.
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Form Guide Indicators

8 indicators
BF
Beaten Favourite
Form Indicator · Market Performance

BF (Beaten Favourite) appears in a horse's form guide when it started as the market favourite but did not win. It is shown in the form string and in Racing Post's form summary. A single BF is common — favourites win roughly 30–33% of UK races, meaning they fail approximately 70% of the time. However, multiple consecutive BF entries can suggest a horse that is consistently over-bet by the market or that struggles to perform when under pressure as the well-fancied runner.

Context is crucial when evaluating BF form. A horse that was BF and finished second by a nose in a photo — running an RPR of 112 — is very different from a horse that was BF and finished 5th beaten 10 lengths. Always look beyond the BF label to the actual performance behind it.

ℹ️ Betting note: Multiple BF entries warrant caution — particularly if the horse is again being backed as favourite. However, a single BF in otherwise positive form should not be automatically negative.
C&D · C · D
Course & Distance · Course Winner · Distance Winner
Form Indicator · Proven Conditions · High Positive Value

C&D means the horse has previously won at this exact racecourse AND over this exact distance. It is one of the most reliable positive form indicators in UK horse racing — particularly at tracks with unique characteristics (Cheltenham, Chester, Epsom, Goodwood). A C&D winner has proven it handles both the specific demands of the course layout and the required trip.

C (Course Winner) — won at this track but not necessarily over today's distance. Proves the horse handles the course's unique characteristics. Very valuable at specialist tracks.

D (Distance Winner) — won over this exact distance but not at this course. Proves the horse stays the required trip. Particularly valuable when a horse is stepping up significantly in distance for the first time.

Betting note: C&D winners are among the most reliable positive indicators in form analysis. Always identify C&D horses when assessing handicaps at specialist tracks — their proven suitability is a genuine statistical edge. Non-GamStop bookmakers' enhanced each-way terms make C&D each-way bets particularly attractive.
B · VIS · H · T
Headgear — Blinkers · Visor · Hood · Tongue Tie
Equipment Notation · Market Signal

Headgear changes are notated in race cards and can be significant market signals. B (Blinkers) restricts peripheral vision to improve focus. VIS (Visor) is similar to blinkers but with small holes for slightly more peripheral vision. H (Hood) covers the ears to reduce noise/distraction — often used in the parade ring and stalls. T (Tongue Tie) prevents the tongue from obstructing the airway during racing.

First-time blinkers (1B) is the most significant headgear change — trainers fit blinkers when they believe a horse has more ability than its recent form suggests and needs to focus better. First-time blinkers combined with market support is one of the most reliable positive signals in UK horse racing.

Betting note: First-time blinkers with morning market support (horse shortening significantly from its forecast price) is a strong positive signal worth acting on in the right conditions.
0 · P
Form String: 0 = 10th or Worse · P = Pulled Up
Form String Notation · Context Required

In a form string, 0 means the horse finished 10th or lower (since form strings only use single digits, any position of 10+ is shown as 0). Context is critical — finishing 0 (10th) in a 30-runner Grand National is very different from finishing 10th in a 10-runner handicap. Always click through to the full race result to understand the exact finishing position and field size.

In jump racing form, P usually means Pulled Up — the horse was stopped before finishing. In flat racing form, P is less commonly used, but can indicate a very low finishing position at some courses. Context always determines interpretation.

ℹ️ Betting note: Never dismiss a horse based on a 0 in form without checking the field size. A horse finishing 10th in the Grand National is performing respectably. A horse finishing 10th in a 12-runner flat maiden is a different matter.

Full Reference Table — All Codes & Indicators

Code Full Name Category Brief Meaning Bet Impact
URUnseated RiderResultJockey fell off — horse didn't fallBet Lost
PU / PPulled UpResultJockey deliberately stopped horseBet Lost
BDBrought DownResultKnocked over by another fallen horseBet Lost
FFellResultHorse and jockey both fellBet Lost
RORan OutResultHorse bypassed obstacle — ran outBet Lost
SUSlipped UpResultLost footing on trackBet Lost
COCarried OutResultForced off course by another horseBet Lost
DSQDisqualifiedResultDQ'd after stewards' enquiry/dope testBet Lost
NRNon-RunnerResultWithdrew before race startedStake Returned
WOWalkoverResultOnly horse left — walked courseUsually Voided
RTRReturned to RiderResultCaught after losing riderBet Lost
RPRRacing Post RatingRatingIndependent performance figure — Racing PostForm Tool
OROfficial RatingRatingBHA handicap mark — weight allocationForm Tool
TSTopSpeedRatingSpeed-based time rating — Racing PostForm Tool
SPStarting PriceMarketOfficial odds at race startOdds Ref
BSPBetfair Starting PriceMarketExchange-derived starting priceOdds Ref
BFBeaten FavouriteFormWas market fav but didn't winForm Note
C&DCourse & Distance WinnerFormWon at same track AND distancePositive
CCourse WinnerFormWon at this track previouslyPositive
DDistance WinnerFormWon over this distance previouslyPositive
BBlinkersEquipmentHorse wearing blinkers headgearEquipment
0Finished 10th or lowerForm StringPosition 10+ shown as single digit 0Context Req.

Race Result Codes — FAQs

What does RPR mean in horse racing?

RPR stands for Racing Post Rating — an independent performance figure published by the Racing Post after each race. Higher RPR = better performance. For jump horses, 170+ indicates a top-class performer; for flat horses, 120+ is pattern class level. RPR differs from the Official Rating (OR) — it is set by Racing Post analysts, not the BHA, and has no bearing on weights carried in handicaps.

What is the difference between RPR and OR?

The OR (Official Rating) is set by the BHA and used to allocate weights in handicap races. The RPR (Racing Post Rating) is an independent assessment by Racing Post analysts of actual performance quality. When a horse's RPR is significantly higher than its OR, the handicapper may not have fully recognised its improvement — this gap can represent a valuable betting opportunity.

What does C&D mean in horse racing form?

C&D stands for Course and Distance winner — the horse has previously won at this exact racecourse AND over this exact distance. It is one of the most reliable positive form indicators in UK racing, particularly at specialist tracks like Cheltenham, Chester and Epsom. A C&D winner has proven it handles both the track's unique characteristics and the required trip.

What does BF mean in horse racing form?

BF stands for Beaten Favourite — the horse started as the market favourite in that race but failed to win. A single BF is common and not necessarily negative. Multiple consecutive BF entries can suggest a horse that struggles to perform when well-fancied, though always check the context — a close second as favourite is very different from a distant last.

What does TS mean in horse racing?

TS stands for TopSpeed — a speed-based performance rating calculated from race times relative to standard times for the course and distance. It is published by the Racing Post alongside RPR. TS is most reliable on fast ground (Good to Firm, Firm) where race times are meaningful. On Soft or Heavy going, TS figures are less reliable as conditions distort times significantly.

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