Types of bets

There are many types of bets to choose from when placing a wager. From simple singles to complex multiples, we have a list of some of the most popular bet types.

Win

The bread and butter. A straight win bet, placed on a single event, yields a return only if the selection wins.

Each way

Comprised of both a win and place wager. 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 1/4 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).

Place 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

 

Double

A single bet on two outcomes in different events. Both selections must win to guarantee a return.

Treble

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.

Trixie

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.

Patent

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.

Lucky 15

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.

Yankee

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.

Lucky 31

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.

Lucky 63

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.

Forecast

A straight forecast is correctly predicting the horse to finish first and the horse to finish second.

Reverse Forecast

A reverse forecast is correctly selecting the first two horses past the finishing post, the selections can pass the post in any order.

Placepot

The Placepot is a popular bet among racegoers. Select one horse in the first 6 races at a specific racecourse on a  single day, and if that horse finishes in the placings you win a share of the total pool. One unplaced selection and the bet is off!

Jackpot

Quite possibly the hardest bet to win. Correctly predict the first 6 winners at a specific racecourse on a single day to win a share of the pool. One wrong selection and the bet is off!