Horse Racing Betting Types
EACH WAY
You bet on a horse to Win or be Placed. However the term "placed" can vary depending on the type of race and the number of runners: The place portion of this bet pays out at 1/4 of the win odds. A £ 1 unit stake Each Way bet would cost £ 2 (£ 1 win + £ 1 place). For example, if the horse wins at odds of 8/1 the £ 1 win portion of the stake is multiplied by 8 and returned with the original £ 1 win betting stake paying out £ 9. And the £ 1 place portion of the betting stake is multiplied by 1/4 of the odds i.e. 2 with the original £ 1 place betting stake paying out £3 - thus total winnings of £ 12. But If your horse finishes second, third or fourth the £ 1 win portion of the stake is lost and ONLY the £ 1 place part of the betting stake is multiplied by 1/4 of the odds i.e.2, resulting in total winnings of £ 3.
PLACE
Unlike an Each-Way bet (as above) which consists of two bets, a Place bet is just one bet and pays out the same winnings whether your horse wins or is placed. So a £ 2 unit stake Place bet would cost a total of £ 2.
DOUBLE
A double links two separate events. But in order to win your prediction for both events must be correct. For example, one event could be the name of the first player to score a goal in a particular football game; and the second event could be the name of the horse to win the Derby. And it is not limited to just predicting the outcome of two sporting events but can be used to include two totally unrelated events, for example, the name of this year's Booker Prize winner and the name of the candidate to become the next US president.
DUTCHING
Refers to betting on more than one horse in a race to improve your chances of winning. But you must ensure the odds of each of your selections are big enough so that if one of your selections does win your winnings are enough to not only to cover the losses on your other selections, but also show a profit.
TREBLE
This bet works in just the same way as a Double (as above). The only difference is that you have added a third event.
TRIXIE
A bet covering three different horses in a total of 4 bets: three Doubles (A + B, A + C, B + C) and one Treble (A + B + C). A £ 1 unit stake Trixie would cost £ 4 (£ 1 x 4 Bets)
PATENT
Like a Trixie (above) but with the addition of three single bets: giving a total of 7 bets: three singles (A,B and C), three Doubles (A + B, A + C, B + C), and one Treble (A + B + C). A £ 1 unit stake Patent would cost £ 7.
YANKEE
Four different horses are combined in a total of 11 bets: six Doubles, four Trebles, one Accumulator. You can choose to add Each Way and four singles to the Yankee, which would increase your chance of winning but also increase the stake. Two winners are required to get a return. A £ 1 unit stake Yankee without the Each Way option would cost £ 11, and £ 22 with it. See Lucky 15.
LUCKY 15
Like a Yankee (above), but with the addition of four singles giving a total of 15 bets, hence the name. If you only have one winner it is paid at double the odds. A £ 1 unit stake Lucky 15 would cost £ 15.
CANADIAN / SUPER YANKEE
Five different horses are combined in a total of 26 bets: ten Doubles, ten Trebles, five x four horse Accumulator and one Fivefold. You need two winners to get a return. A £ 1 unit stake Canadian / Super Yankee would cost £ 26. See Lucky 31.
LUCKY 31
Like a Canadian (above), but with the addition of five singles making a total of 31 bets (hence the name). If you only have one winner it is paid at double the odds. A £ 1 unit stake Lucky 31 costs £ 31.
HEINZ
Six horses combined in a total of 57 bets: fifteen Doubles, twenty Trebles, fifteen x four horse Accumulator, six x five horse Accumulator and one x six horse Accumulator. You need at least two winners to get a return. A £ 1 unit stake Heinz would cost £ 57.
LUCKY 63
Six horses are combined in a total of 63 bets: six Singles, fifteen Doubles, twenty Trebles, fifteen x four horse Accumulator, six x five horse Accumulator one x six horse Accumulator. If only one selection wins, returns are paid to double the odds. If all six selections win, a bonus of 20% is added to total returns. For the bonus to apply, all selections must win (none void or non-runners). For each-way bets the consolation is paid only on the win part of the bet . A £ 1 unit stake Lucky 63 would cost £ 63.
SUPER HEINZ
Seven different horses are combined in a total of 120 bets: twenty one Doubles, thirty five Trebles, thirty five x four horse Accumulator, twenty one x five horse Accumulator, seven x six horse Accumulator and one x seven horse Accumulator. You must have at least two winners to get a return. A £ 1 unit stake Super Heinz would cost £ 120.
GOLIATH
Eight different horses are combined in a total of 247 bets: twenty eight Doubles, fifty six Trebles, seventy x four horse Accumulator, fifty six x five horse Accumulator, twenty eight x six horse Accumulator, eight x seven horse Accumulator and one x eight horse Accumulator. You need at least two winners to get a return. A £ 1 unit stake Goliath costs £ 247.
Source: ramtips.me.uk
