Types Of Bet Explained

types of bet

Table of Contents

Wanting to place a bet on a football game or a tennis match, But getting confused on what all the different terms mean?

Make sure you read the terms of the bet you are placing as the outcome may be different to what you expected.

Most Common Types Of Bet

Below is a list of common bets and what they mean:-

Win

A win bet is a very simple bet and it involves you betting on one selection within an event. The selection must win in order to win your bet, for example,

a tennis player to win a tennis match.

If the odds of Murray to win a match was fractional 1/1 or  decimal 2, and you placed £10 on it, the returns if he won would be £20.

Each way

An Each-way bet is two bets which are placed on one selection within a market, one bet is a win bet like above and the second is a place bet. The place bet is like a back up if your selection does not win but finishes with a pre-determined position. Each market will have different rules for the amount of places that will be paid out.

Place

A Place bet produces a return only if the selection finishes first or within a predetermined number of positions (places) of the winner of an event. The return would be a fixed proportion of the win odds.

£25 E/W bet means you will be betting £50. £25 on your selection to win and £25 on a place (could be if it finishes 1,2 or 3rd. Depends on the market rules). Check the rules before you place a bet!

Double

A double bet consists of one bet on two different events, for the bet to be successful both selections must win.

An example would be selecting Tottenham to bet West Brom and Chelsea to beat West Ham.

Tottenham and Chelsea would both have to win for you to win your bet.

Treble

A treble bet is a bet where you pick three different selections from different events. For you to win your bet all of the selections must win.

An example would be,

Tottenham to beat West Brom

Chelsea to beat West Ham

Arsenal to beat Leeds

All three selections must win to make the bet successful.

Handicap

Handicap betting is where a handicap is applied to a selection on order to even out the contest. Various sports can have handicap betting markets, an example would be adding a two goal lead to a football team so they would have a head start. The opposing team would need to score two goals just to get level. Handicap Betting is quite complex, and we have put together a full Handicap Betting Guide to cover this.

 

Accumulator

One of the most popular bets for football is an Accumulator bet, this is where you pick four or more selections on different events. You need all selections to win for your bet to win.

 

The odds are multiplied so you can get high odds the more selections you add. However, the lessor a chance of winning!

 

Trixie

A Trixie consists of four bets on three selections which are on separate events.

 

Included are three doubles and a treble.

 

Team A + B

Team A + C

Team B + C

Team A + Team B + Team C

 

You will need at least two of your selections to win to have a return.

 

Patent

 

A Patent bet consists of seven bets on three different selections which are on separate events.

 

Included are three singles, three doubles and a treble.

 

Team A

Team B

Team C

Team A + B

Team A + C

Team B + C

Team A + Team B + Team C

 

You need one of your selections to win to have a return.

 

Yankee

 

A Yankee bet consists of eleven bets on three different selections which are on separate events.


Included are six doubles, four trebles and one four-fold accumulator.


Team A + B
Team B + C
Team C + D
Team D + A
Team B + D
Team A + C

 

Team A + B + C
Team A + B + D
Team B + C + D
Team A + C + D

Team A + Team B + Team C + Team D

You need at least two of your selections to win to have a return.

 

Super Yankee or Canadian bet

 

A Super Yankee or Canadian bet consists of twenty six (26) bets on five different selections which are on separate events.

Included are 10 doubles, 10 trebles, 5 four-fold accumulators and 1 five-fold accumulator.

 

Team A + B

Team A + C

Team A + D

Team A + E

Team B + C

Team B + D

Team B + E

Team C + D

Team C+ E

Team D + E

Team A + B + C

Team A + B + D

Team A + B + E

Team B + C + D

Team B + C + E

Team C + D + E

Team D + E + A

Team D + E + B

Team D + E + C

Team E + A + C

Team A + B + C + D

Team A + B + C + E

Team B + C + D + E

Team A + C + D + E

Team A + B + D + E

Team A + Team B + Team C + Team D + Team E

 

You need at least two of your selections to win to have a return.

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