Type of Bets

BetNose takes a look at all the types of bet you can make and what they mean. How to work out how much you have won when betting should be easier after reading this.

What is a Win Single Bet?

A bet that produces a return only if the selection comes first in an event (i.e. wins). A win bet may be placed on a single event or the stake may be placed on two or more selections in a multiple bet all of which must win to give a return.

What is a Place Bet?

A bet that produces a return only if the selection finishes first or within a predetermined number of positions (places) of the winner of an event. The return is often based on a fixed proportion of the win odds of the selection (e.g. 1/4 odds a place 1,2,3).

What is a Each-Way Bet?

A combination of win and place bets of equal size. Each-Way bets may be placed on a single event or on two or more selections in a multiple bet.

Each-Way multiple bets are settled on a win-to-win and place-to-place basis, i.e. win returns from one selection form the win stake on the next selection, and the place returns from one selection form the place stake on the next selection.

What is a Multiple bet?

A double, treble or accumulator. A linked series of win singles where all the return from the first selection is automatically staked on the second selection as a win single and so on until all selections have won, thus giving a return, or until one selection loses in which case the whole bet is lost.

What is a Double bet?

A bet on two selections; both of which must win to gain a return.

What is a Treble bet?

A bet on three selections; all three of which must win to gain a return.

How to do an Accumulator bet?

A bet on four or more selections; all of which must win to gain a return. Accumulators are often named after the number of selections they contain - thus we can get a fourfold, fivefold or sixfold accumulator (or even higher).

What is a Patent bet?

A wager on three selections and consisting of 7 separate bets: 3 singles, 3 doubles and a treble. Equivalent to a Trixie plus 3 singles. One winning selection will guarantee a return.