Horse Racing Bets Explained for Beginners
Win Bet – you are backing the runner that you believe has the best chance of winning. If the horse you picked ends up winning you win.
Place Bet – A place bet is won when the respective horse finishes in the top two or three positions, according to the number of runners, bookmakers preferences etc.. Usually, the top three positions are rewarded if there are 8 or more runners in a race. Some bookmakers do it differently: The Show Bet pays out if the horse you backed just finishes 1st, 2nd or 3rd.
Each Way – Half of your stake goes on the horse to win, the other half goes on your horse to place. Usually, the odds for the place bet should be roughly ¼ of the runner’s odds for the win.
Straight Forecast / Exacta – This bet requires you pick the top two horses in the exact finishing order.
Reverse Forecast – This type of bet allows you to pick the top two horses in either order. Half stake on each of the two possible outcomes.
Tricast / Trifecta – Similar to the Straight Forecast with the difference being you
need to predict the finishing order of the first 3.
Combination Tricast – You back the horses you hope will finish on the
podium, in any order.
Single Bet
This is a bet placed on a single outcome.
To calculate the return for a single bet, just multiply the amount staked by the odds.
Multiple Bet, Accumulator and Parlay
All selections must be successful for the bet to win
A multiple bet is a combination of selections on a single bet slip. Bets involving a minimum of two selections are known as Parlays.
The double is a single bet placed on two selections. Normally bookmakers only allow you to combine two or more predictions from the same event, if they are already combined and come as part of their offer.
A treble is the same type of bet as a double, but with three selections.
Fourfold, Fivefold, Six-fold, Sevenfold accumulators, etc..
A fourfold, fivefold, six or sevenfold accumulator is a bet on 4, 5, 6 or 7 outcomes.
Multiply each of the individual odds into the next and then to the stake to calculate the return for a multi bet, combo bet or acca bet.
Example, in a three-fold acca with odds of
1.30, 2.20 and 1.75 where you wagered £10 you’ll be able to win 1.30 x 2.20 x 1.75 x 10 = £50,05.
System Bet or Combination Bet
System bets allow your bet slip to be partly successful even without winning all the selections.
A combination bet requires at least three selections. If you were to place a 2/3 system bet, you would have your stake divided in 3 and placed on your bets You will only require two of the three predictions to win to get a return.
For a 2/4 combination bet, you’ll need two of the four selections to win for a return and so on.
There are more types of accumulator bets. They are just more advanced combination bets and are more commonly referred to as Perms.
You can find big differences when comparing odds.
Always check the odds for your bet with licensed and regulated bookmakers.
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