In betting slang, the term "monkey" refers to £500. This slang term is commonly used in the UK and is derived from the old Indian rupee banknotes that featured images of monkeys. When a bettor talks about putting down a monkey on a game or race, they are referring to wagering £500 on the outcome. This slang term is just one of many used in the world of betting and gambling to refer to specific amounts of money. Understanding betting slang can be important for those who want to fully immerse themselves in the world of sports betting and gambling. By knowing the slang terms, bettors can communicate more effectively with others in the industry and better understand the bets they are placing. If you're new to betting or just interested in learning more about the various slang terms used in the industry, there are plenty of resources available online that can help. Websites like [Betting Slang 101](www.bettingslang101.com) offer comprehensive guides to the most common betting terms and slang used by bettors around the world. In addition to learning the slang terms, it's also important to understand the different types of bets that can be placed and how odds are calculated. Websites like [OddsChecker](www.oddschecker.com) provide valuable information on how to read and interpret betting odds, as well as tips for making more informed betting decisions. Whether you're a seasoned bettor or just getting started, taking the time to learn about betting slang and terminology can enhance your overall betting experience. By arming yourself with knowledge and understanding the language of the industry, you can become a more confident and successful bettor. So next time you hear someone talking about putting down a monkey on a game, you'll know exactly what they mean. And who knows, armed with this knowledge, you might just come out ahead on your next bet.

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