Bet Types Explained
Whether you’re a beginner or experienced with betting, we’re here to help you learn about the different bet types.
1 Learn How Betting Odds Work
Our most popular article. Learn how betting odds work. Understand the difference between fractions and decimals odds. You will be able to calculate how likely a selection is to win, and any potential winnings.
2) Learn How Each Way Betting Works
Each-way betting is a popular way to bet on horse racing. Discover what makes it so popular, and exactly how it works. Learn how to read a betting market, and how to calculate possible winnings.
3) Learn How Handicap Betting Works
Handicap betting can make games more equal and create new betting opportunities. Give one of the selections a head start to make the match more even. Find out how betting handicap works.
4) Learn What Laying a Bet Means
A straight forward introduction to laying bets. Quickly learn what laying a bet means, and how betting exchanges work. Play the role of the bookmaker and bet on something to not happen by laying a bet.
5) Learn How an Accumulator Works
An accumulator bet, also known as an ‘acca’, is a single bet made up of multiple selections. Each selection must win in order for the accumulator to be successful. There must be at least four selections. Anything lower would be classed as a single, double or triple.
6) Learn How Matched Betting Works
Matched betting is betting on both outcomes to guarantee a win. This is often done with incentives, such as free bets and bonuses, to ensure a return. Learn the advantages, and risks, of the strategy in our explainer.
7) Learn How Treble Betting Works
A treble bet is one of the easier betting types and is an accumulator that consists of three singles. To win, all selections will need to be correct. It has both pros and cons that can be found, with examples, in our full explainer.
8) Can Odds Change?
Odds changing is part of the betting world. But why do they happen, and what can you do about it? We’ll run through the details and how you can keep an eye out for the changes.
9) What Does SP Mean In Horse Racing?
In horse racing you’ll see SP appear quite regularly. But if you’re new to the sport you may not know all the terms and abbreviations. Where here to help and reveal what SP means.
10) What Are Long & Short Odds?
In betting you’ll hear about long and short odds. But what are they and how can you use them in your betting strategy? Where here to help reveal all and help you learn to bet online.
11) What Does Even Money Mean In Betting?
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.
Types of Bets – Full Cover Bets
Full cover betting is a ‘packaged’ approach to betting. You make one bet, and the bet itself consists of a group of bets. It consists of all possible multiple combinations between each of the selections. Each one has a nickname and is found below.
1) Trixie Bet Explained
A Trixie bet consists of four bets on three different selections. In this article, we provide a breakdown of the four bets. An infographic shows how the multiples across all the selections work. You will learn how to place a Trixie bet and increase your chance of a return.
2) Yankee Bet Explained
A Yankee bet consists of 11 bets on four different selections. Understand how a Yankee works with our visual listing of all 11 multiples bets. Find out the advantages of placing a Yankee bet versus a traditional accumulator.
3) Super Yankee Bet Explained
Also known as a Canadian bet, a Super Yankee consists of 26 bets across five different selections. Provided is a breakdown of the 26 bets. An example shows how many winning selections might be needed for a Super Yankee to be profitable.
4) Heinz Bet Explained
A Heinz bet consists of 57 bets across six separate selections. The 57 bets are broken down and explained in this article. An example reveals how many selections may need to win for a profit to be achieved.
5) Super Heinz Bet Explained
A Super Heinz bet consists of 120 bets across seven different selections. Discover the advantages of a Super Heinz, and what the 120 bets consist of. An example attempts to illustrate how many selections must come in for a profit to be achieved.
6) Goliath Bet Explained
This is one of the largest bets you can place. A Goliath bet consists of an incredible 247 bets across eight selections. Find out what makes a Goliath bet so appealing, but also why it may be better reserved for more experienced punters.
7) Canadian Bet Explained
The Canadian Bet is one of the more complex bet types and consists of 26 bets spread out across five selections. These include ten doubles, ten trebles, five four-fold accumulators and one five-fold accumulator.
Types of Bets – Full Cover Bets With Singles
These bets are also full cover bets, but also feature singles within the bet. Again, each type of bet has a nickname and is explained below.
1) Patent Bet Explained
A Patent bet consists of seven bets across three different selections. Discover out how a Patent bet works, and how it differs to a Trixie Bet. A visual guide provides an easy to understand breakdown of the seven bets.
2) Lucky 15 Bet Explained
A Lucky 15 bet consists of 15 bets across four different selections. Find out more about this popular bet with an infographic breakdown of the 15 bets. The article covers some of the advantages and disadvantages of a Lucky 15.
3) Lucky 31 Bet Explained
A Lucky 31 bet consists of 31 bets across five different selections. This article covers the advantages and disadvantages of a Lucky 31. An example shows how many winning selections might be needed to achieve a profit.
4) Lucky 63 Bet Explained
A Lucky 63 bet consists of 63 bets across six different selections. Our example shows how many selections need to land in order for a Lucky 63 to be profitable. Find out the appeal of this popular and how to place your own Lucky 63.
5) Round Robin Explained
A round robin bet is made of three different selections and ten bets. It’s not a widely used strategy but has advantages over the standard acca. Find out the pros and cons and which operators give you the chance to use the bet.
6) Dutching Bet Explained
Dutching is the name given to a betting strategy of backing more than one outcome, opposed to just one, in the same event. This is used mainly in football and horse racing betting to make a profit through one of the chosen selections.
