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Betography: How To Write A Bet

How to Write a Bet.

After much deliberation and pub debates we’ve decided to dedicate a page to highlight the various types of bets that the standard Bookmaker offers.

We hope to have covered as many of the various bets possible but if you know of anymore then please feel free to contact us or place you opinions in the comments section at the bottom of the page.

Single Bet

A single bet refers to placing a bet on an individual selection. There are three types of Singles bet available, A Win, A Place and an Each-Way Bet, all of which are discussed and shown below.

A Win Bet

A Win bet will only produce a return if your selection comes first in an event meaning that your selection must Win the event.

How to write a Single win bet

 

 

 

 

 

 

 

 

 

 

 

A Place Bet

A Place bet will produce a return if the selection wins or finishes within a predetermined number of positions (places) off of the winner of an event. The return is often based on a fixed proportion of the win odds of the selection (e.g. one fifth of the odds (1/5) for 1st, 2nd, or 3rd place.
Horse racing offers the following place odds for races with a given number of runners:
Place bets for all races
  • If the race has less than five runners: A Place bet is not accepted. (Win Bets Only).
  • If a race has 5-7 runners:  you will receive one-quarter of the odds for 1st or 2nd place.
  • If a race has 8-11 runners: you will receive one fifth of the odds for 1st, 2nd and 3rd.
Non-handicap races
  • 12+ runners: you will receive one fifth (1/5) of the odds for 1st, 2nd and 3rd.
Handicap races
  • 12-15 runners: you will receive one-quarter (1/4) of the odds for 1st, 2nd and 3rd.
  • 16+ runners: you will receive one-quarter (1/4) of the odds for 1st, 2nd 3rd or 4th.

How to write a Place Bet

 

 

 

 

 

 

 

An Each-Way Bet

An each-way bet is a combination bet of a win bet and a place bet of equal size on the one selection.
An Each-Way bet can 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 from the win stake on the next selection, and the place returns from one selection from the place stake on the next selection. 

 How to write an each way bet

 

 

 

 

 

 

Multiple Bet

Multiple bets are bets that are linked together and were the returns from one selection is automatically staked onto another selection as a win single and so on until all selections have won, thus giving a return of combined odds, or until one selection loses in which case the whole bet is lost.

Double

A Double bet (written as DBL on a line) is a bet with two selections; both of which must win to gain a return. The winnings from the first selection is automatically placed onto the second selection as a win bet.
How to write a Double bet

 

 

 

 

 

 

 

Treble

A Treble is a bet with three selections; all three of which must win to gain a return. The winnings from the first selection is automatically placed onto the second selection and the winnings are then placed onto the odds of the third selection.
How to write a Treble bet

 

 

 

 

 

 

 

Accumulator

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 fourfoldfivefold or sixfold accumulator (or even higher). 

 

Full Cover Bets or Permutations

A wager consisting of all possible doubles, trebles and accumulators across a given number of selections. These include: TrixieYankeeCanadian or Super Yankee,HeinzSuper Heinz and Goliath. A double may be thought of as a full cover bet with only two selections.

Trixie

A wager on three selections and consisting of four separate bets: 3 doubles and a treble. A minimum two selections must win to gain a return.
How to write a Trixi bet

 

 

 

 

 

 

 

Yankee

A wager on four selections and consisting of 11 separate bets: 6 doubles, 4 trebles and a fourfold accumulator. A minimum two selections must win to gain a return.
How to write a Yankee Bet

 

 

 

 

 

 

 

Canadian or Super Yankee

A wager on five selections and consisting of 26 separate bets: 10 doubles, 10 trebles, 5 fourfold and a fivefold accumulator. A minimum two selections must win to gain a return.
How to write a Canadian bet

 

 

 

 

 

 

 

Heinz

A wager on six selections and consisting of 57 separate bets: 15 doubles, 20 trebles, 15 fourfold, 6 fivefold and a sixfold accumulator. A minimum two selections must win to gain a return. It is named for the ’57 varieties’ advertising slogan of the Heinz food company.
how to write a Heinz bet

 

 

 

 

 

 

 

Super Heinz

A wager on seven selections and consisting of 120 separate bets: 21 doubles, 35 trebles, 35 fourfold, 21 fivefold, 7 sixfold and a sevenfold accumulator. A minimum two selections must win to gain a return.

Goliath

A wager on eight selections and consisting of 247 separate bets: 28 doubles, 56 trebles, 70 fourfold, 56 fivefold, 28 sixfold, 8 sevenfold and an eightfold accumulator. A minimum two selections must win to gain a return.

 

Full Cover Bets including Singles

Patent

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.
How to write a Patent Bet

 

 

 

 

 

 

 

Lucky 15

A wager on four selections and consisting of 15 separate bets: 4 singles, 6 doubles, 4 trebles and a fourfold accumulator. Equivalent to a Yankee plus 4 singles. One winning selection will guarantee a return. The ‘Lucky’ part of the name of this and other similar bets comes from the bookmaker’s practice of offering bonuses for one or more winners; usually including ‘double the odds’ for only one winning selection.

Lucky 31

A wager on five selections and consisting of 31 separate bets: 5 singles, 10 doubles, 10 trebles, 5 fourfold and a fivefold accumulator. Equivalent to a Canadian plus 5 singles. One winning selection will guarantee a return.

Lucky 63

A wager on six selections and consisting of 63 separate bets: 6 singles, 15 doubles, 20 trebles, 15 fourfold, 6 fivefold and a sixfold accumulator. One winning selection will guarantee a return.
How to write a Luck15 Bet

 

 

 

 

 

 

 

Alphabet

A bet consisting of six selections – 1, 2, 3, 4, 5, and 6, usually on horse racing or greyhound racing. Selections 1, 2, and 3 form a patent, as described above. Selections 4, 5, and 6 form a second patent. Selections 2, 3, 4, and 5 form a Yankee, as described above. Selections 1, 2, 3, 4, 5, and 6 form a sixfold accumulator, as described above. The total number of bets in an alphabet is therefore 26 [2 patents at 7 bets each, plus 1 Yankee at 11 bets, and one accumulator at one bet – (7+7+11+1=26)]. At least one correct selection guarantees a return.
How to write an Alphabet Bet

 

 

 

 

 

 

 

Round Robin

A wager on three selections and consisting of 10 separate bets: 3 doubles, 1 treble and 3 up-and-down bets (each of 2 separate bets). It may be considered to be a Trixie to which 3 up-and-down bets have been added. One winning selection will guarantee a return.
How to write a RoundRobin Bet

 

 

 

 

 

 

 

Flag

A wager on four selections and consisting of 23 separate bets: 6 doubles, 4 trebles, 1 fourfold and 6 up-and-down bets. It may be considered to be a Yankee to which 6 up-and-down bets have been added. One winning selection will guarantee a return.

Super Flag

A wager on five selections and consisting of 46 separate bets: 10 doubles, 10 trebles, 5 fourfold, 1 fivefold and 10 up-and-down bets. It may be considered to be a Canadian to which 10 up-and-down bets have been added. One winning selection will guarantee a return.

 

Forecasts

Forecasts are bets on a single event that require the correct forecasting of the finishing order of (usually) the first two or three finishers in the event. Returns on correctly predicted finishing orders are calculated by industry sources via computer software that uses the starting price of all participants in the event, and are usually declared to a £1 stake unit on (mainly) horse and greyhound races.

Straight Forecast

A straight forecast (SF) or computer straight forecast (CSF) is a wager requiring the naming of two selections a and b to finish 1st and 2nd in the correct order in a specified event. Requires a single unit stake. Usually declared on horse and greyhound races of three or more runners. Equivalent to the USA exacta or perfecta, or the Canadian exactor.

How to write a straight forecast bet

 

 

 

 

 

 

 

Reversed Forecast

A reversed forecast (RF) is a wager requiring the naming of two selections to finish 1st and 2nd in either order in a specified event. It is the same as two straight forecasts on selections a and ba 1st, b 2nd and b 1st, a 2nd. Requires two unit stakes. Equivalent to a “boxed” exacta/perfecta in North America, where the quinella is a similar wager that requires only one unit stake.

How to write a Reverse Forecast Bet

 

 

 

 

 

 

 

Combination Forecast

A combination forecast is a wager on three or more named selections in order to choose two of the selections to finish 1st and 2nd in the correct order in a specified event. It is the same as the number of straight forecasts on selections ab … n given by the formula n(n − 1) and therefore requires this number of unit stakes. E.g. 3 selections – 6 bets; 4 selections – 12 bets; 5 selections – 20 bets; etc. Equivalent to boxing an exacta/perfecta with more than two runners in North America.

Tricast

A tricast is a wager requiring the choosing of three named selections ab and c to finish 1st, 2nd and 3rd in the correct order in a specified event.Requires a single unit stake. Accepted on horse races where 8 or more horses are declared and at least 6 run, and on greyhound races of 5 or more runners that form part of the bookmakers’ main service. In North America, this wager is known as the trifecta (USA) or triactor (Canada).

How to write a Tricast Bet

 

 

 

 

 

 

 

 

Combination Tricast

A combination tricast is a wager on three or more named selections in order to choose three selections to finish 1st, 2nd and 3rd in the correct order in a specified event.Requires multiple unit stakes given by n(n − 1) (n − 2) where n is the number of selections. E.g. 3 selections, 6 bets; 4 selections, 24 bets; 5 selections, 60 bets; etc. In North America, this is a “boxed” trifecta.

How to write a Combination Tricast Bet

 

 

 

 

 

 

Remember if you know of any more then let us know!

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“By Ricky Alcorn”

Thanks for reading “How To Write A Bet” on the TheBestBettingSystems.com

About Ricky Alcorn

Owner, Author and Editor of TheBestBettingsystems.com Est 2013. Just a general punter that likes the odd bet at the weekend. Interested in Football, Horse Racing, Golf, Tennis, F1. Trading.

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