Types of bets

There are many betting types to choose from when placing a wager. From singles to multiples, we have a list of some of the most popular types of bet.

Win

Arguably the most common betting type. A straight win bet, placed on a single event.

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.

For example, you place £5 each-way (£10 in total) on a horse priced at 8-1 with a bookmaker offering 1/4 odds for 3 places. If the horse places you will receive £15, but if the horse wins you will collect £60 (£45 for the win and £15 for the place), both returns including the original stake.

Place only

A straight place bet. Profit will be yielded if a selection simply places in a race.

Bookmaker place terms

All races less than 5 runners – win only

All races of 5-7 runners – 1/4 odds a place, 1,2

Other races of more than 8 runners – 1/5, 1,2,3

Handicaps of 12-15 runners – 1/4, 1,2,3,

Handicaps of more than 15 runners – 1/4, 1,2,3,4

Betting terms in races at major festivals may be subject to place enhancements at the bookmaker’s discretion. For instance, many firms now offer 6 places for the Grand National.

Double

A single bet on two outcomes in different events. Both selections must win to guarantee a return.

Treble

A single bet on three outcomes in different events. All three selections must win to guarantee a return.

Four-fold and above

The traditional accumulator comes in the form of fourfolds and above. As with the doubles or trebles, this is a group of selections and all of them 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.

Lucky 15

A 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 £2 Lucky 15 would cost £30.

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 £2 Yankee would cost £22.

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. For example, a £1 Lucky 31 would cost £31.

Lucky 63

A bet featuring six selections and 63 bets – six singles, 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and one six-fold. For example, a £1 Lucky 63 would cost £63.

Forecast

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

Reverse Forecast

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

Placepot

The Placepot is another favourite for racegoers. Select a horse in each of the first 6 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 the bet is off!

Jackpot

Quite possibly the hardest bet to win. Correctly predict the first 6 winners at a specific racecourse on a single day to win a share of the pool. One wrong selection and the bet is off!

If you want to work out your winnings from a multiple bet such as an accumulator, we recommend you use a betting calculator to do it for you. See our list of betting calculators here.