Article written

  • on 26.06.2012
  • at 12:00 PM
  • by KT

Online Betting – Bet Types Explained

Online betting is becoming more and more popular thanks to the vast array of football, golf, cricket and horse racing on television nowadays. But in addition to the standard ‘bet to win’ bets that we all know about, bookmakers also offer a number of other different bet types too, offering the punter more choice when it comes to placing a bet online.

You might have heard someone in the pub talking about a bet that he won and wondered to yourself, “But what is a Lucky 15 bet?”. This might help…

Here is a list of the most popular bet types explained. Nearly all bookmakers will offer these bet types, so it is always good to understand what each of these mean when it comes to betting online.

Win and Each-Way Betting

A bet on just one selection.

Win Single
A bet on the winner of a race, tournament or event.

Each-Way Single (EW)
2 bets. The 1st is on the selection to win only. The 2nd is on the selection to be placed. The place bet is settled as a fraction of the win odds (eg 1/4). The fraction of odds and number of places various depending upon the type of race/event. Because you are having 2 bets here, the stake is doubled (one stake for the win part, one for the each-way part).

 

Multi-leg bets

This type of bet consists of more than one selection, whether it be horses, football teams or golfers, and all must win for the bet to be a winning one.

Double
1 bet on 2 selections which must both win. All the winnings and stake from the first selection are re-invested as a single on the second.

Treble
1 bet on 3 selections which must all win. All returns from the first selection are invested onto the 2nd selection, all returns from this are then invested in the last selection. All 3 selections must win for a return.

Accumulator
1 bet on a number of selections. If the first is successful, all the winnings and stake are automatically placed on the next selection and so on. All selections must win for a return. This is the best type of bet when you fancy lots of teams/players/horses which are all at short odds, as the odds can increase quickly when all multiplied together.

Permed Bets

Permed bets offer you the chance to place multiple bets on the same selections without having to do them all individually.

Trixie
4 bets on 3 selections: 3 doubles, 1 treble.

Patent
7 bets on 3 selections: 3 singles, 3 doubles, 1 treble.

Lucky 15
15 bets on 4 selections. 4 singles, 6 doubles, 4 trebles, 1 fourfold.

Lucky 31
31 bets on 5 selections. 5 singles, 10 doubles, 10 trebles, 5 fourfolds, 1 fivefold.

Yankee
11 bets on 4 selections: 6 doubles, 4 trebles, 1 fourfold.

Canadian / Super Yankee
26 Bets on 5 selections: 10 doubles, 10 trebles, 5 fourfolds, 1 fivefold.

Heinz
57 bets on 6 selections. 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds, 1 sixfold.

Super Heinz
120 bets on 7 selections. 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds, 1 sevenfold.

Goliath
247 bets on 8 selections. 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds, 1 eightfold.

 

Forecast & Tricast betting

This is where you are betting on multiple selctions in the same race/event. For example you might think that 2 horses are much better than the rest, and so can place a bet on those 2 to finish 1st and 2nd in the race.

Reversed Forecast
Nominating which selections will finish in first and second in either order. (2 bets)

Straight Forecast
Nominating which selections will finish in first and second in the correct order.

Tricast
Pick 3 horses or greyhounds to finish 1-2-3 in a race in the correct order.

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