Types Of Betting
A Single is a bet on 1 selection in one event. Your selection must be successful to get a return.
You bet on a horse to Win or be Placed. Free spins coin master 2020. However the term “Placed” can vary depending on the type of race and the number of runners: The place portion of this bet pays out at 1/4 of the win odds. A £1 unit stake Each Way bet would cost £2 (£1 to win + £1 to place). For example, if the horse wins at odds of 8/1 the £1 win portion of the stake is multiplied by 8 and returned with the original £1 win betting stake paying out £9, just like a normal ‘Single’. And the £1 place portion of the betting stake is multiplied by 1/4 of the odds, so 8/1 becomes 2/1, with the original £1 place betting stake paying out £3 – thus total winnings of £12. But If your horse finishes in second, third or fourth the £1 win portion of the stake is lost and ONLY the £1 place part of the betting stake is multiplied by 1/4 of the odds, resulting in total winnings of £3.
Arguably the most common betting type. A straight win bet, placed on a. The Different Types Of Sports Betting. Home Betting Articles. Mitch Wilson April 3, 2019 7:56 am. Understanding the Different Types of Sports Bets and How to Use Them. One of the first revelations anyone new to sports betting has is that you can bet on a lot more than the winner of a game. This typically engages a rush of excitement quickly followed by an even bigger rush of confusion. Understanding the difference between the various types of bets available is a key to successful betting. The best bookmakers offer a range of bet types, with some offering more value than others.
Number of Placed Positions
- 2 to 4 runners = each way betting does not apply
- 5 to 7 runners = first two places pay out
- 8 or more runners = first three places pay out
- 16 or more in a handicap = first four places pay out
Also called a ‘Roll-Up’ or ‘Acca’. One bet requiring any number of selections but all the selections must win to have a return. The winnings are calculated by placing all the money on the first selection, then the winnings from that bet is placed on the next bet, etc.
Doubles, Trebles, Four-Fold Accumulators, etc
A Double is an accumulator of 2 selections, and a Treble is of 3 selections. After that, they are just known as a ‘Four-Fold Accumulator’, ‘Five-Fold Accumulator’, etc…
A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return. For example, if your 3 selections were A, B and C, then your 4 bets would be AB, AC, BC, and ABC.
A Patent consists of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return. For example, if your 3 selections were A, B, and C, then your 7 bets would be A, B, C, AB, AC, BC, and ABC.
A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator. A minimum of 2 of your selections must be successful to get a return. For example, if your 4 selections were A, B, C, and D, then your 11 bets would be AB, AC, AC, BC, BD, CD, ABC, ABD, BCD, ACD and a Four-Fold accumulator ABCD.
A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 four-fold. If only one selection wins, as a consolation returns are paid to treble the odds. If all four selections win, a bonus of 20% is added to total returns. For the bonus to apply, all selections must win (does not apply to void or non-runners). If only one of the selections wins, you receive treble the odds. For each-way bets the consolation is paid only on the win part of the bet. Lucky 15 bets are accepted on horse racing, greyhounds only and correct scores.
A Canadian (also known as a Super Yankee) consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator. A minimum of 2 of your selections must be successful to get a return.
A Lucky 31 consists of 31 bets involving 5 selections in different events. The bets include 5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator. If only one selection wins, returns are paid to four times the odds. If four of the selections win, a bonus of 15% is added to total returns. If all five selections win, a bonus of 25% is added to total returns. For the bonus to apply, all selections must win (does not apply to void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 31 bets are accepted on horse racing, greyhounds only and correct scores.
A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. A minimum of 2 of your selections must be successful to get a return.
Types Of Betting Lines
A Lucky 63 consists of 63 bets involving 6 selections in different events. The bet includes 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. If only one selection wins, returns are paid to five times the odds. If five of the selections win, a bonus of 20% is added to total returns. If all six selections win, a bonus of 33% is added to total returns. For the bonus to apply, all selections must win (none void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 63 bets are accepted on horse racing, greyhounds and correct scores.
A Super Heinz consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and a seven-fold accumulator. A minimum of 2 of your selections must be successful to get a return.
A Goliath consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold accumulator. A minimum of 2 of your selections must be successful to get a return.
A Straight Forecast involves 2 selections in 1 race finishing 1st and 2nd in the order named.
A Reversed Forecast involves 2 selections in 1 race finishing 1st and 2nd in either order. As such it is two straight forecasts, AB and BA.
Combination Forecasts involve 3 or more selections in a race, with any 2 to finish 1st and 2nd in any order.
Straight Tricasts involve 3 selections in a race finishing 1st, 2nd and 3rd in the order named.
Combination Tricasts involve 3 or more selections in a race finishing 1st, 2nd and 3rd in any order.
Welcome to TypesOfBets.com where we strive to explain the different types of bets available to the punter. We hope you find this website resource helpful in your pursuit of gambling to win.
The different types of bets in Sports betting has been prevalent for hundreds of years, alongside just about every nationally recognized sport. Although betting on sports has been a historically renowned past-time for centuries, the types of bets and betting processes amongst each sport can prove to be very detailed, but also very profitable.
With the sports betting industry bringing in a total of $11.5 billion in international revenue each year, the level of prominence surrounding sports betting is still proudly holding it's ground.
Depending on your expertise surrounding the betting process, you may be wondering where to start.
For each particular sport, there comes a list of recognized types of bets and betting systems to take part in. While this may appear to be somewhat overwhelming, the general guidelines surrounding most betting systems can be easily learned.
On this page we will specifically focus on the types of bets found in horse racing, football.
We will also familiarize ourselves with the betting exchanges and their types of bets.
Types of Bets in Horse Racing
With the first racetrack being constructed in the year of 1665, horse racing and betting has been around for an exceptionally long period of time.
Due to the sport and it's betting industry being well-established for so long, the list of types of horse racing bets is quite extensive. Fortunately, once you are able to acquire a general understanding regarding specific terms and keywords in their betting vocabulary, it becomes much easier to understand.
Forecast and Exacta bets add Spice
First and foremost, horse betting is one of the most affordable sports to bet in, due to minimum betting wages typically starting at only $2-$6. It's as low as 10p for some UK bookmakers.
One of the most common types of bets that has a $2 minimum, is the “exacta” bet. During an exacta bet, you are required to choose two horses to play, and they must win the race in both first and second place, in the order that you predicted.
However, if you're looking for a more lenient option, the “exacta box” bet has the same idea, but the two horses that you have played can win in either order.
In UK terms these bets would be called a “forecast” and “reverse forecast” respectively.
Try Trifecta Box bet first
Placing a “trifecta” bet in horse racing, is when you choose three horses, and they must come in first, second, and third, but they must all win in the same order that you have chosen.
With a “trifecta box” bet, all three must win, but the order that they place in doesn't matter. The keyword, “box” should be recognized as a term that points to the order being irrelevant.
If you choose to place a “box” bet, you choose the specified amount of horses that you predict will win, and as long as they come in as winners, it does not matter the order in which they placed.
For novices who are have just recently been introduced to types of bets on horse racing, it can be beneficial to start off with box-based bets, due to them involving a bit more flexibility.
Another keyword to look out for while betting in horse racing, is the actual word, “key”.
This pertains to the person who is betting choosing a “key” horse as the one that they feel will win the entire race. The key horse should be one that you feel has the highest chance of coming in at first place.
For example, in a “trifecta key” bet, you would choose three horses, and pick one of them as the key horse.
In order to win the bet, the key horse would have to come in first, and the other two would have to come in second and third, in no particular order. It is only essential that the key horse always comes in first place with key-based types of bets.
Types of Football Bets
Moving onto another highly regarded sport, football. This is another sport that is commonly bet on that has many different types of bets. Football became a nationwide favorite about 200 years later in 1869, but it is still historically known for having a substantially large betting industry.
The most commonly used betting type in regards to football is the, “Total Goals” bet, which is also known as the “Under/Over” bet.
When utilizing this particular betting system, you predict a number of goals that your preferred team will make, and your win depends on if your guess was over or under the amount that you originally predicted.
Types Of Betting Odds
For example, if you guessed that Team A would score 3.5 goals, but they only scored 2, you would lose the bet.
If they scored 4 goals, you would win the bet. This system is often bet on with a standard 2.5 component, so the most common bet amongst experts is often just 2.5.
Another popular type of football bet, is the Half-Time Result (HTR) bet.
All this bet consists of, is guessing at which team will be winning or losing during half-time. Betting on the HTR also qualifies a draw as a valid bet, so many often predict that the game will be a draw at half-time.
Two other straightforward approaches in football betting, are the Correct Score (CS) bet, and the First Goal Scored (FGS) bet. These types of football bets are pretty easy to decode, as they refer to simply guessing the correct score of the entire game, or betting on who will score the first goal.
Beat the Bookmaker with Betting Exchanges
You don't need the bookmaker at betting Exchanges. Instead you place your bets against fellow punters who set the odds. Either back your selection or lay at the odds you want to. Take control of your bets and the odds with Exchange betting.
You pay a small commission on any winning bets you have to the site. Take a look at the top Exchange betting sites and their free bets/bonuses that they have on offer.
The popularity of sports betting is steadily increasing, and so are the amount of betting types and betting facilities. Betting exchanges, both physically and virtually, are the most common methods of laying organized and professional bets in a solidified manner.
Betting exchangesprovide betters with a way to lay their bets in a constructive fashion, while receiving the best deal possible, due to no actual book keeper being present to collect revenue.
Many of these betting exchanges also offer tools for calculating odds was well, in order to ensure that their members are receiving the highest potential of winning.
The sports betting industry brings in billions of dollars annually due to it's popularity, the future for betters and betting exchanges is promising to say the least. As long as it is foreseen with responsibility and knowledge surrounding the sport at hand, betting can be one of the most fun and profitable past-times to participate in.
Types Of Betting