Different Types Of Sports Bets

Sports betting is one of the best forms of betting in the world. Sports betting can vary anything from football, and NBA to horse racing. But there exists different types of sports bets and wagers and it can be often intimidating to choose between them. In this article, we will discuss the different types of sports bets to make your life easier. Football is the granddaddy of them all when it comes to wagering on sports, and with a week in between the bulk of the action every week, there is never any shortage of ways you can bet on it.Below is a look at the most common types of wagers placed in football. Point Spreads – Unlike most sports on which money lines are the most popular way to bet, point spread bets are king in football. These types of bets are released for all the major sports, but they primarily come into play for baseball and hockey. For example; if the Dodgers are favored at home against the Giants the money line might read San Francisco (+120) vs. Los Angeles (-135). The odds of winning prop bets will depend upon the nature of the prop bets themselves, so be sure not to overdo them and only make use of prop bets at your utmost discretion. This covers most major types of bets, and should certainly get you through the basics of what you need to know.

Single

A Single is a bet on 1 selection in one event. Your selection must be successful to get a return.

Each Way

You bet on a horse to Win or be Placed. However the term “Placed” can vary depending on the type of race and the number of runners: The place portion of this bet pays out at 1/4 of the win odds. A £1 unit stake Each Way bet would cost £2 (£1 to win + £1 to place). For example, if the horse wins at odds of 8/1 the £1 win portion of the stake is multiplied by 8 and returned with the original £1 win betting stake paying out £9, just like a normal ‘Single’. And the £1 place portion of the betting stake is multiplied by 1/4 of the odds, so 8/1 becomes 2/1, with the original £1 place betting stake paying out £3 – thus total winnings of £12. But If your horse finishes in second, third or fourth the £1 win portion of the stake is lost and ONLY the £1 place part of the betting stake is multiplied by 1/4 of the odds, resulting in total winnings of £3.

Number of Placed Positions

• 2 to 4 runners = each way betting does not apply
• 5 to 7 runners = first two places pay out
• 8 or more runners = first three places pay out
• 16 or more in a handicap = first four places pay out

Accumulators

Also called a ‘Roll-Up’ or ‘Acca’. One bet requiring any number of selections but all the selections must win to have a return. The winnings are calculated by placing all the money on the first selection, then the winnings from that bet is placed on the next bet, etc.

Doubles, Trebles, Four-Fold Accumulators, etc

A Double is an accumulator of 2 selections, and a Treble is of 3 selections. After that, they are just known as a ‘Four-Fold Accumulator’, ‘Five-Fold Accumulator’, etc…

Trixie

A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return. For example, if your 3 selections were A, B and C, then your 4 bets would be AB, AC, BC, and ABC.

Patent

A Patent consists of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return. For example, if your 3 selections were A, B, and C, then your 7 bets would be A, B, C, AB, AC, BC, and ABC.

Yankee

A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator. A minimum of 2 of your selections must be successful to get a return. For example, if your 4 selections were A, B, C, and D, then your 11 bets would be AB, AC, AC, BC, BD, CD, ABC, ABD, BCD, ACD and a Four-Fold accumulator ABCD.

Lucky 15

A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 four-fold. If only one selection wins, as a consolation returns are paid to treble the odds. If all four selections win, a bonus of 20% is added to total returns. For the bonus to apply, all selections must win (does not apply to void or non-runners). If only one of the selections wins, you receive treble the odds. For each-way bets the consolation is paid only on the win part of the bet. Lucky 15 bets are accepted on horse racing, greyhounds only and correct scores.

Canadian

A Canadian (also known as a Super Yankee) consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator. A minimum of 2 of your selections must be successful to get a return.

Lucky 31

A Lucky 31 consists of 31 bets involving 5 selections in different events. The bets include 5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator. If only one selection wins, returns are paid to four times the odds. If four of the selections win, a bonus of 15% is added to total returns. If all five selections win, a bonus of 25% is added to total returns. For the bonus to apply, all selections must win (does not apply to void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 31 bets are accepted on horse racing, greyhounds only and correct scores.

Heinz

A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. A minimum of 2 of your selections must be successful to get a return.

Lucky 63

A Lucky 63 consists of 63 bets involving 6 selections in different events. The bet includes 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. If only one selection wins, returns are paid to five times the odds. If five of the selections win, a bonus of 20% is added to total returns. If all six selections win, a bonus of 33% is added to total returns. For the bonus to apply, all selections must win (none void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 63 bets are accepted on horse racing, greyhounds and correct scores.

Super Heinz

A Super Heinz consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and a seven-fold accumulator. A minimum of 2 of your selections must be successful to get a return.

Goliath

A Goliath consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold accumulator. A minimum of 2 of your selections must be successful to get a return.

Straight Forecast

A Straight Forecast involves 2 selections in 1 race finishing 1st and 2nd in the order named.

Reversed Forecast

A Reversed Forecast involves 2 selections in 1 race finishing 1st and 2nd in either order. As such it is two straight forecasts, AB and BA.

Combination Forecasts

Combination Forecasts involve 3 or more selections in a race, with any 2 to finish 1st and 2nd in any order.

Straight Tricasts

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Straight Tricasts involve 3 selections in a race finishing 1st, 2nd and 3rd in the order named.

Combination Tricasts

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Combination Tricasts involve 3 or more selections in a race finishing 1st, 2nd and 3rd in any order.