Types of 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.
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.
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.
A bet on an individual selection.
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.
A bet on two selections; both of which must win to gain a return.
A bet on three selections; all three of which must win to gain a return.
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).
Full cover bet
A wager consisting of all possible doubles, trebles and accumulators across a given number of selections. These include: Trixie, Yankee, Canadian or Super Yankee, Heinz, Super Heinz and Goliath. A double may be thought of as a full cover bet with only two selections.
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.
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.
Canadian or Super Yankee
A wager on five selections and consisting of 26 separate bets: 10 doubles, 10 trebles, 5 fourfolds and a fivefold accumulator. A minimum two selections must win to gain a return.
A wager on six selections and consisting of 57 separate bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds 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 H. J. Heinz Company.
A wager on seven selections and consisting of 120 separate bets: 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and a sevenfold accumulator. A minimum two selections must win to gain a return.
A wager on eight selections and consisting of 247 separate bets: 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds and an eightfold accumulator. A minimum two selections must win to gain a return.