Different Types of Sports Bets Explained

For example, if you place five horses on your betting card, you could then place a ‘Five-fold’ bet at excitingly long odds and potentially get back thousands more than your original stake. All five horses would have to win for you to win back anything; one loser breaks the whole bet. As said, betting on the winner of the race is by far and away the most common bet and the one that many racing punters will stick to their entire life. Here we take a look at some of the best and give a brief explanation of how they work. The final thing to remember on the first goalscorer market is that if you bet a player to score first but they are not on the field at the time that the first goals is scored you will lose the bet. However, if the player does not start the game, but comes on as a substitute and subsequently scores the first goal of the game, you have a winner.slots like in vegas

• Secondly, you can have 1 bet to keep you entertained for a longer period of time; providing your selections kick-off at different times and the earlier selections are winners.
• Learn the advantages, and risks, of the strategy in our explainer.
• Typically, odds are expressed as fractions (eg, 2/1), but they can also be displayed as decimals (3.0 is equivalent to 2/1 as a fractional price).
• Finally, on all Tote racecards you can click on a specific horse to see a Racing Post Spotlight write-up.
• Instead you need to take into account a huge number of factors before making your selection.
• Always remember each-way betting will double your stake.

Similarly to Harness racing, Endurance racing does feature in the UK but is not widely publicised by the media or punted on. Endurance races can be between five and 150 miles over challenging terrain and typically run over one to three days.

The tote scoop6 is similar to the tote jackpot and is run on a Saturday usually using the ITV Racing live races where you have to select six winners of nominated races. A minimum stake of £2 is required to enter the bet and if successful you will land a share of the pool.

If successful there will be a commission to pay to the betting exchange operator. There are three betting exchanges in the UK, these are Betfair, Smarkets and betDaq with Betfair being the most popular of those. Each of these will take a commission from your winning bets which is usually around the 5% mark but you can get discounts depending on which operator you are using. A ‘Banker’ Trifecta is a bet where you are picking out the winner of the race but can then use combinations for the 2nd and 3rd place spots.

Named an ‘Alphabet bet’ because this bet contains a total of twenty-six bets, it is one of the more complex bets where six selections make up two Patent bets, a Yankee bet and also a Six-Fold accumulator. With one loser in a heinz, the best outcome is a super Yankee of 26 bets, meaning 31 bets have been lost already.

Correct score/Scorecast/Wincast

Finally, on all Tote racecards you can click on a specific horse to see a Racing Post Spotlight write-up. This is produced by some of the sports leading journalists at the Racing Post as a quick analysis of a horse’s chance. Learning how to read a racecard should be the first steps to analysing a race and the chances of the horses in it. The best examples of this are the Tote Scoop6 and Tote Jackpot bets. While the latter is available at one course each day, the Scoop6 is a Friday and Saturday exclusive. Sometimes you can utilise your opinions to good effect by betting with the Tote. By judging whether you feel that particular horse has as a good chance as the market suggests you can make a decision about whether to support the favourite, or look for something else in the race to oppose it with.

From singles to multiples, we have a list of some of the most popular types of bet. In Win-Draw-Win bets you have one way to win and two ways that your bet will lose. If you bet on a team to win and they lose or draw, then you have lost. In Double Chance bets, you can hedge by betting on a team to win or the event to end in a draw with the same bet! In this way you have double the chance to win, hence the name. Whilst this bet does give you present you with two different ways to win, you should also know that hedging your bets in this way is always going to result in shorter odds than in the traditional Win-Draw-Win versions. A relatively new addition to the betting scene, bet builders have become an incredibly popular addition to sports books in recent years.

Total returns for all 6 winning would be £56.29 + any particular bonus payments offered, with many online bookmakers offering bonuses on multiple bets. A bet comprising three selections and four bets – three doubles and a treble. A minimum of two selections must win to guarantee a return. Spread betting in sports involves betting on the accuracy of a prediction set by the bookmaker, rather than just the game’s outcome. The bookmaker sets a “spread” for a specific statistic or event, and bettors wager on whether the actual result will be higher or lower than that spread.

Tiers 1-3 for winning bets are subject to 20% reduction as per T&C’s. Register at 1win with promo code PROTIPSTER and receive a 500% bonus on your 1st deposit. Even money is a regular term in the betting world, but that doesn’t mean everyone will know what it is.  If you’re new to betting and are here to find out, check out our page with a detailed explanation.

For example, you can bet on Harry Kane to score and England to win 2-0. Again, the odds on such bets have higher odds because you are betting on the likelihood of two outcomes. Some bookmakers will also let you choose the goalscorer in a Scorecast to be the first, last or at any time. For example, you might identify four teams that you think are going to win matches, all of which are priced at even money. If you were to bet £1 on each of the teams winning in four single bets, your total return would be £8 – £2 for each successful bet including your returned stake money. A bet consisting of four selections and 11 bets – six doubles, four trebles and a fourfold.

Types of horse races

Often you can pick winners in a multiple bet but lose overall. Used mostly in horse racing, often in Golf betting and sometime greyhound racing. Making a place bet means that selection has to finish within the declared number of available places in the finishing order for your bet to be successful. The number of placings will be specified by the bookmaker at the time of placing the bet. Bookmakers offer several markets, such as the next goalscorer, which team will win the next corner or throw-in, or who will be the next player to be shown a yellow card. There are also some great markets to follow on in-play sites such as “corner races” and on bet365 certain specials within the prop markets available such as shots and player shots. Must bet £10 in total on accas with 4+ legs, min odds 3/1 (4.0).

In Asian handicap betting your bet is a winner if it results in a draw. Conversely, in European handicap betting if your bet ends in a draw you lose.

And rather than simply be a list (Which you can find at the end), we will explain as thoroughly as space allows, what each mans, how to play it, ad which sport it belongs in. Taking up one of the offers presented on this page may result in a payment to The Telegraph and bettingexpert. Picking out good-value bets is the best way to win money and avoid the disappointment of losing. There is lots of enjoyment to be had betting on the thousands of football games that are played around the world – as long as you stick to betting on what you know and are comfortable with.

Free Betting Tips

Often available on horse and greyhound races with three or more runners. Equivalent to the USA exacta or perfecta, or the Canadian exactor. You can place several multiple bets from a given number of selections, for example, if you have 5 selections you could place one five-fold bet, 5 four-fold bets, 10 trebles, 10 doubles and 5 singles.

In your Trixie you will get 3 double bets, and 1 treble bet as follows, but no single bets. Your unit stake will be multiplied by 4 to give your total stake, because there are 4 bets in a Trixie. In your Patent you will get 3 single bets, 3 double bets, and 1 treble bet as follows. Your unit stake will be multiplied by 7 to give your total stake, because there are 7 bets in a Patent. Unlike racecourse bookmakers who offer you odds – or prices – for betting on each horse in a race, the Tote offers you a pool bet. This means the money it receives from bets on a given race is pooled together and, like a lottery, shares this out among customers with winning tickets.

Equivalent to a Yankee but with four singles, and only one selection must win to guarantee you a return. Register new account with 20BET and make your first qualifying deposit of at least €/$10.

A single is simply a bet on an individual selection. This doesn’t have to be an outright bet (e.g. Chelesa to win) it is simply a single betting line, e.g, Chelsea to score over 2.5 goals placed on its own is a single bet.

Now you can add to the excitement of football by having a bet on it, but please remember to gamble responsibly. Even if you conduct thorough research and have ample knowledge of a game, there is always room for a surprise outcome. I wrote an article for another betting site that I contribute to about the advantages of Correct Score betting vs Win &  btts betting. For the EPL I will be looking almost solely at away wins.

Using the Under/Over format as we have already seen in the gals markets, here you are predicting how many corners there will be in a game of football. Again, this refers only to the 90 minutes of normal time. In the case of extra time in cup and play off games, any corners in these periods will not count. As you can already tell this is a pretty tricky market and outcome to predict correctly at all, let alone on a regular basis, and as such you can combine players and scoreline to gain some fantastic odds to bet on. There are more splits available here, most commonly, 1.5, 2.5 and 3.5, but these do extend, especially in games where many goals are expected up to and beyond 7.5 goals. The same under over theory applies and is required to be predicted correctly to make a winning bet.

A reverse exacta means that you are selecting to runners and these must finish in the first two home but can finish in either order. Because there are two outcomes, you are in effect placing two bets, the minimum stake for this bet is £1 because, with the two combinations, your total stake will in fact be £2. A tote exacta is the totes version of a forecast bet in which you are trying to predict the first two runners home in a race. You can place a straight exacta or a reverse exacta where you are covering both outcomes and a minimum stake of £2 is required. A Union Jack Patent is similar to the Union Jack Trixie in which is uses the group of three selections to create multiple bets. Each group of three will produce three doubles and a treble as well as three singles meaning a complete union jack patent bet consists of fifty-six bets. A rounder bet contains three selections, the wager consists of three single bets and three ‘ATC’ doubles.

A £10 each way bet would cost £20 with £10 of that going on the horse to win, and £10 on it to “place”. However, a typical each way example would be to pay a quarter of the odds for a top three finish (including first). That’s quite a roundabout way of saying that by far the most popular bet in horse racing is simply backing the race winner – betting on which horse will win a given race. A Scorecast is a bet that combines selecting a goalscorer and the correct score.

Yankee Bet Explained

Please note here that in the event of an odds-on winner the complete returns (less than £2 in this example) from the winning single are bet on the appropriate double. Usually played for ‘single stakes about (SSA)’ meaning stakes identical to the original ones are placed on selections if there are one or more winners. ‘Double stakes about (DSA)’ means twice the original stake is placed on selections if there are one or more winners. Please note that an odds-on winner does not supply enough money for ‘double stakes about’ so the whole amount available is used. A Swedish bookmaker has been operating on the online sports betting market since 2002, provides its clients with a good sportsbook offer, a large number of livebetting markets and the numerous interesting bonuses and promotions. One of the decisive factors that make punters stick with this bookmaker is the fact that the company has been listed on the Swedish Stock Exchange for several years.

Placing the same bet with decimal odds of 3.0 means you will receive a total return of £3 for every £1 wagered. Understanding these markets is important for lots of different bettors to make sure they have the right information to make informed decisions. This article is an in-depth guide to football betting, providing punters with the knowledge they need to do just that. With numerous matches taking place globally, punters have the opportunity to place bets on a range of different markets. Betting sites offer some good deals and competitive odds. Always check the odds you are receiving at the point of confirming your bet. If you click through to any of the betting sites or casino sites listed on this site then OLBG may receive a payment.

As well as this, there are a host of markets available for leading goalscorers in competitions across the world. Betfred has a great double delight and hat-trick heaven promotion in which your odds are doubled or tripled if your first goalscorer selection goes on to score twice or hat-trick in certain selected games.

Yet you are surrounded by all sorts of Asian bets, various handicaps, spread betting, Lucky, Yankees and forecasts, to name a just few. A treble bet is one of the easier betting types and is an accumulator that consists of three singles. It has both pros and cons that can be found, with examples, in our full explainer. This type of bet is preferable in some ways than the Lucky 15 you might not want to place 15 bets, and instead just 11 bets to reduce your total stake.

Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Safer Gambling and the Safer Gambling Code.

Horses which race over five furlongs are known as sprinters, whereas a horse who races over one-and-a-half miles to two miles is known as a ‘stayer’. ‘Middle-distance’ horses run over seven furlongs to a mile. If you bet online, your account will automatically be credited with your winnings. With Jockey Club Wi-Fi, you are able to access a range of betting partners to place an online bet.

One big effect of online bookmaking has been to open up these betting systems to a range of different sports and ultimately to a diverse breed of bettor. Each way betting is so popular in horse racing because of the difficulty in predicting the winner. In football there are only two sides and three possible results, but racing, like golf – another sport on which each way betting is common – has many competitors, with races like the Grand National having 40 horses or more competing. Min first £/€5 bet within 14 days of account reg at min odds 1/2 to get 4x £/€5 free bets. Free bets available to use on selected sportsbook markets only. Sports betting Over/Under, also known as Total betting, allows bettors to wager on the combined score or statistical outcome of a game. The bookmaker sets a specific value (line) for the expected total, and bettors can bet on whether the actual score will be higher (Over) or lower (Under) than that line.

As the market name would suggest in the first goalscorer market you are predicting which player will score the first goal. Check the individual rules with whichever bookmaker you are using to see if ‘own-goals’ are counted or not. Generally they are ignored for the purpose of this market and the scorer of the second goal would therefore be the winner. A tote swinger is a bet where you are backing two runners which must finish in the first three of a race to be a successful bet.