Types of bets: All you need to know when adding selections to your betslip

There are many types of bets to choose from when placing a wager. From singles to Accumulators, Luckies etc. There are so many choices that it might get confusing for new punters. Don’t worry, it’s actually simpler than it looks.

types of bets

 

If you add only a few bets to your betslip it’s simple to calculate and understand the possible returns but if you keep adding selections to it, it can get very complicated but also exciting because there are many options.

What are the most common types of bets?

The most common types of bets are Singles, Doubles, Trebles and Accumulators (or Accas).

Full list of types of bets

  • Single
  • Double
  • Treble
  • Accumulator
  • Trixie
  • Patent
  • Yankee
  • Lucky 15
  • Canadian or Super Yankee
  • Lucky 31
  • Heinz
  • Lucky 63
  • Super Heinz
  • Goliath
  • Alphabet
  • Single stakes about
  • Double stakes about
  • Round Robin
  • Union Jack
  • Forecast
  • Each-Way
  • Reverse Forecast
  • Placepot
  • Jackpot

Types of bets explained

Single

This is the most simple type of bet you can place. Just choose one selection and you either win or lose. The most profitable betting strategies usually stick to this type of bet.

Double

Here you choose two outcomes in different events. Both must win for you to have a return.

Treble

Same as doubles but with three instead of two outcomes.

Accumulator

This is the most common “complex” bet. It’s often refered to as an acca and it comprises of four or more selections in one bet. All of the selections must win to guarantee a return.

Trixie

A bet comprising three selections and four bets – three doubles and a treble. A minimum of two selections must win to guarantee a return. For example, a $2.50 Trixie would cost $10. A $2.50 each-way Trixie would cost $20.

Patent

A bet involving three selections and seven bets – three singles, three doubles and one treble. It is the equivalent of a Trixie but with the addition of three singles. For example, a $2.50 Patent would cost $17.50.

Yankee

A bet consisting of four selections and 11 bets – six doubles, four trebles and a fourfold. A minimum of two selections must win to guarantee you a return. For example, a $3 Yankee would cost $33.

Lucky 15

This is one of the most popular betting type among punters, it consists of four selections and 15 bets (hence the name) – four singles, six doubles, four trebles and a fourfold. Equivalent to a Yankee but with four singles, and only one selection must win to guarantee you a return. For example, a $1 Lucky 15 would cost $15.

Canadian or Super Yankee

This is a bet on five selections consisting of 26 bets – ten doubles, ten trebles, five fourfold’s and a five-fold accumulator.

Lucky 31

A wager consisting of five selections and 31 bets – five singles, ten doubles, ten trebles, five fourfolds, and one fivefold. Only one selection must win to guarantee you a return.

Heinz

The Heinz bet is a six-selection bet consisting of 57 bets: 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and a one sixfold accumulator. This wager is a unique bet that combines every permutation of the 6 selections into a single wager.

Lucky 63

A Lucky 63 is a bet featuring six selections and 63 bets, including: six singles, 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and one sixfold.

Super Heinz

The Super Heinz is a bet on seven selections taking part in various events consisting of 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, seven sixfolds, and a sevenfold accumulator which totals a huge 120 bets. Two selections must win to ensure any returns.

Goliath

A Goliath is a bet on eight selections taking part in various events consisting of 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, eight sevenfolds and an eightfold accumulator totalling 247 bets. Two selections must win to ensure any returns.

Alphabet

This is a bet on six selections composed of 26 bets: two patents (14 bets), one yankee (11 bets) and a sixfold accumulator (one bet).

Single stakes about

A Single Stakes About is an Any To Come bet consisting of two selections from events, these are then compiled to produce two bets derived from two singles. Any return on each single (up to the original stake amount) is used to fund a further single on the other selection.

Double stakes about

A Double Stakes About is an Any To Come bet consisting of two selections partaking in different events, which are compiled to produce two bets derived from two singles. Any return on each single, up to double the original stake amount, is used to fund a another single on the other selection.

Round Robin

The Round Robin is a three selection wager compiled of ten bets: three doubles, one treble and three up-and-down single stakes about pairs.

Union Jack

The Union Jack consists of eight trebles from nine selections. Groupings are determined by laying out the selections in a 3×3 grid. This forms three horizontal trebles, three vertical trebles and two diagonal trebles.

Forecast

A straight forecast is correctly predicting the finishing order of the horses in first and second in a race.

Each-Way

An each-way bet is a two-part bet, with half the stake going on the selection to win and the other half on the selection to place. It costs double that of a traditional win bet and will yield some sort of return if the selection wins or is placed.

Reverse Forecast

A reverse forecast is correctly selecting the first two horses but in no particular order.

Placepot

Select a horse in each of the first six 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 you lose.

 

Jackpot

This is the hardest bet to win. Correctly predict the first six winners at a specific racecourse on a single day to win a share of the pool. One wrong selection and you lose everything.

 

When adding selections to the betslip the bookie shows you the possible bet types but not the various possible returns because sometimes they are too many! They usually show the maximum possible return but you should have a basic understanding of what you are getting into.

Start with the 4 most common types of bets and you should be fine!

Happy betting!

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