The bread and butter. A straight win bet, place on a single event, yields a return only if the selection wins.
Comprising win and place wagers, an each-way bet costs double that of a traditional win bet – it’s effectively a two-part bet – and will yield a return if the selection wins or is placed. For example, you place a fiver each way (£10 in total) on a horse priced a 8-1 with a bookmaker offering 3/4 odds a place. if the horse wins you will pick up £60 (£45 for the win and £15 for the place). If your horse places (in this instance, finishes in the first four in a race with 16 runners or more), you will receive £15 (place part only).
A bet that yields a return only if your selection finishes in the placings – usually the first three, four or five, depending on the number of runners in the race. Place odds are a proportion of the win price of the selection.
Bookmaker place terms
All races less than 5 runners – win only
All races of 5-7 runners – 1/4 odds a place, 1,2
Other races of more than 8 runners – 1/5, 1,2,3
Handicaps of 12-15 runners – 1/4, 1,2,3,
Handicaps of more than 15 runners – 1/4, 1,2,3,4
A single bet on two outcomes in different events. Both selections must win to guarantee a return.
A single bet on three outcomes in different events. All three selections must win to guarantee a return.
Four-fold and above
The traditional accumulator comes in the form of four-folds and above. As with the doubles or trebles, this is a group of selections and all of the must win to guarantee you a return.
A wager comprising three selections and four bets – three doubles and a treble. A minimum of two selections must win to guarantee you a return. For example a £2.50 trixie costs £10.
A bet involving three selections and seven bets – three singles, three doubles and one treble. It is equivalent to a Trixie but with three singles. For example, a £2.50 Patent costs £17.50.
Arguably the most popular bet of its kind, it consists of four selections and 15 bets (hence the name) – four singles, six doubles, four trebles and a four-fold. Equivalent to a Yankee but with four singles, only one selection must win to guarantee you a return. The name of the bet refers to its link to bonuses, such as double the odds for just one winner. For example, a £1 Lucky 15 costs £15 and a 50p EW Lucky 15 costs £15.
A bet consisting of four selections and 11 bets – six doubles, four trebles and a four-fold. A minimum of two selections must win to guarantee you a return. For example, a £1 Yankee costs £11.
A wager consisting of five selections and 31 bets – five singles, ten doubles, ten trebles, five four-folds, and one five-fold. Only one selection must win to guarantee you a return. For example, a £1 Lucky 31 costs £31.
A bet featuring six selections and 63 bets – six singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and one six-fold. For example, a £1 Lucky 63 will cost you £63.