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A-Z Of Different Bet Types

A

Accumulator: a bet consisting of four or more selections on different events with the winnings from each selection going on to the next. All selections must win for a return. In an each way accumulator all selections must win or be placed for a return.

Ante-post betting: placing a bet in advance of the event taking place. This could be a year or more before the event takes place. Stakes are lost if an ante-post selection does not take part.

B

No applicable items

C

Canadian (aka Super Yankee): a bet consisting of 5 selections, which is 26 bets in total - 10 doubles, 10 trebles, 5 four-timers, 1 accumulator.

Combination Forecast: a bet consisting of three or more selections from the same horse or greyhound race in which two of the selections must finish first and second in any order to receive a return. Dividend is calculated based on the SP’s of the selections.

D

Double: one bet consisting of two selections from different events, both selections must be successful to get a return. An Each-Way Double consists of a win double and place double, if one selection wins and another placed, only the place double is successful.

E

Each Way: a bet made on any selection, with a return if the selection wins and/or is placed in the event. Each Way places vary and are displayed within the event.

F

Favourite: the favourite is the selection quoted at the lowest rate of odds in any event.

Fixed Odds Betting: staking a set amount to win a set amount by multiplying the stake by the odds.

Flag: A bet consisting of four selections which is 23 bets in total - 6 doubles, 4 trebles, 1 accumulator and 6 "Up and Down" bets in pairs.

Forecast: a bet where the backer is required to nominate the finishing order of the first and second horses or greyhounds. Dividend is calculated based on the SP’s of the selections.

Fourfold or Four-timer: an accumulator made up of four selections only. A Fivefold or Five-timer - an accumulator made up of five selections only, and so on.

G

Goliath: a bet consisting of 8 selections and makes up 247 bets - 28 doubles, 56 trebles, 70 four-timers, 56 five-timers, 28 six-timers, 8 seven-timers, 1 accumulator. Two or more selections must be successful for a return.

H

Handicap: is used to create a level playing field for all selections in an event. In horseracing, weights are used to create this level playing field. In other sports, points are given or taken away and the event is then priced according to the handicap.

Heinz: a bet consisting of 6 selections making up 57 bets - 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds, 1 accumulator. Two or more selections must be successful for a return.

I

In-Running Betting: placing a bet on an event after it has started. Odds updated as the event unfolds.

J

Joint Favourite: When 2 runners cannot be split for favouritism.

K

No applicable items

L

Lucky 15: a bet consisting of four selections making up 15 bets - 4 singles, 6 doubles, 4 trebles, and 1 accumulator. Only One selection needs to win for a return.

Lucky 31: a bet consisting of five selections making up 31 bets - 5 singles, 10 doubles, 10 trebles, 5 fourfold and 1 accumulator. Only One selection needs to win for a return.

Lucky 63: a bet consisting of six selections making up 63 bets - 6 singles, 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and an accumulator. Only One selection needs to win for a return.

M

Multiplied Odds: A term usually applying to Ante-Post doubles where the odds are multiplied, e.g., 10/1 and 10/1 equals odds of 100 to 1.

N

No applicable items

O

Odds Against/Odds On: Represent the chances of any particular horse as quoted by the bookmakers. If a horse is quoted at 6/1 against its chance is 1 in 7, if it is 1/6, the chances of success are 6 in 7.

P

Patent: a bet consisting of 3 selections making up 7 bets - 3 singles, 3 doubles, 1 treble

Q

No applicable items

R

Round Robin: a bet consisting of 3 selections making up 10 bets , 3 doubles, 1 treble and 6 “Up and down bets.”

S

Single: a bet made on one selection, either for a Win or Each Way

Stake: the amount invested on any selection.

Starting Price: the odds returned from the racecourse at the time of the "off"

Super Heinz: a bet consisting of 7 selections making up 120 bets - 21 doubles, 35 trebles, 35 four-timers, 21 five-timers, 7 six-timers, 1 accumulator.

Super Yankee (aka Canadian): a bet consisting of 5 selections, which is 26 bets in total - 10 doubles, 10 trebles, 5 four-timers, 1 accumulator.

T

Tip: A tip is information about the winning chance of a horse in any particular race.

Tipster: an individual who collects special information concerning the chances of horses and who informs his clientele accordingly, usually for an agreed fee.

Treble: a bet consisting of three selections for one stake, the winnings plus stake going from the first selection on to the others in turn. All three selections must win for a return.

Tricast: a bet where the backer is required to nominate the correct finishing order of the first second and third horses or greyhounds in a race.

Trixie: a bet consisting of three selections making up 4 bets - 3 doubles, 1 treble.

U

No applicable items

V

Void Bet: a bet which is declared invalid, usually as the selection is a non-runner. The stake is returned without deduction.

W

Wager: is a transaction on any event where an amount of money is staked.

X

No applicable items

Y

Yankee: a bet consisting of 4 selections making up 11 bets - 6 doubles, 4 trebles, 1 accumulator. At least 2 selections must win for a return.

Z

No applicable items

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