Betting is simple, right?
You put a quid on a horse at 9/1, and if that horse wins the race, you win £9 and get your £1 stake back – for a total return of £10. Or you put £5 on New England Patriots to win the Super Bowl at 10/1 and get a total of £55 back if they are the NFL champions come the end of the season.
But it’s not always that easy to understand. There are lots of different types of bets, from singles and doubles, to the more complex ones with names like Yankee or Lucky 31.
You’ve probably seen these terms before, but never really knew what they meant. This guide will help you get a full understanding of all the different types of bets.
The following list of bet types require just a single stake. So it’s a simple case of logging into your betting account, making a deposit and staking a certain amount without any each way consideration.
This is the most basic of all bets. You choose a selection, eg England to beat Australia in the Rugby World Cup at 11/8 and nominate a stake before striking your single bet. If they win, you win.
This is where a customer will pick out two selections. So you might pick out Carolina Panthers and Cleveland Browns to win their particular NFL matches in a game week for a nominated stake. You would need both teams to win in order to land a profit on your bet.
A treble is similar to a double but requires the customer to make three selections for a nominated stake. Adding an extra leg makes it a riskier bet but you also stand to gain a much larger return. You might back Andy Murray, Roger Federer and Rafael Nadal to win their Wimbledon matches in a tennis treble.
An accumulator (parlay betting ) is generally regarded as a multiple bet that contains at least four selections, although it can include several more selections and some bookmakers offer an accumulator bonus where you get extra winnings added to any returns.
soccer betting lends itself well to accumulator bets, especially on a Saturday where there is a big match coupon. It’s a simple case of choosing a list of teams that you want to back and you then nominate a stake. The big appeal about an accumulator is that you can get a huge return for a small amount of money.
Each of the following bet types are actually comprised of multiple bets, and your total stake is determined by the number of those bets.
For example, one bet type might consist of three bets in total. So if you place a £1 stake, you will actually be putting a £1 stake on three separate bets – for a total stake of £3.
Only one of these individual bets need to win for you to win some money – but you will win the maximum amount if all of these separate bets come in.
A total of four bets are placed on three selections made up of three doubles and a treble. So you might pick out a NBA trixie featuring the LA Clippers, Portland Trail Blazers and Houston Rockets, with two of these teams needing to win for a return although all three winning would achieve a profit on all four bets.
This is a trixie bet plus an additional three single bets on your selections. It means that you only need one selection to win in order to land a return although you would probably need at least two selections to make sure of a profit.
A Yankee is a popular bet among horse racing punters, with customers able to pick out four different horses and get a return if at least two selections win. That’s because the bet consists of doubles, trebles and an accumulator totalling eleven selections in total.
A Lucky 15 bet is popular because of the added bonuses that some bookmakers provide for one winner or four winners. It effectively works like a Yankee but with added singles. If just one selection wins, then the odds are trebled as a consolation. If all four win, a 20% bonus is added to the return.
A total of 26 bets are placed on five selections. This includes 10 doubles, 10 trebles, 5 four-fold accumulators, and one 26-fold accumulator. At least two selections need to be successful for a return.
A total of 31 bets are placed on five selections. This includes 5 singles, 10 doubles, 10 trebles, 5 four-fold accumulators and 1 five-fold accumulator. If one selection wins the odds are quadrupled, and if four win then you get a 15% bonus. If all five win, a 25% bonus is added to the winnings.
A total of 57 bets are placed on six selections. This includes 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator. To get a return, at least two of your selections need to win.
A total of 63 bets are placed on 6 selections. This includes 6 singles, 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators and 1 six-fold accumulator. If just one selection wins, returns are paid at odds five times what they originally were. If five selections win a 20% bonus is added, and if all six selections win a 33% bonus is added.
A total of 120 bets are placed on 7 selections. This includes 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, 7 six-fold accumulators, and 1 seven-fold accumulator. Two of your selections need to win to earn a return.
A total of 247 bets are placed on 8 selections. This includes 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, 8 seven-fold accumulators and 1 eight-fold accumulator.