THERE'S NO SUCH THING AS EASY MONEY OR IS THERE?		THE OBSERVER NEWSPAPER WON WITH MATHEMATICIAN BETTING

BEGINNER'S GUIDE TO SPORTS BETTING TYPES OF BET

There are many sports betting types of bet besides a straight "win" and "each way". If you don't know a Trixie from a Patent or a
Lucky 63 from a Yankee, then my Beginner's Guide to UK horse racing betting is for you. It could help to make your horse racing
more enjoyable and more profitable. If you are looking for a beginner's guide to the Scoop 6, Placepot and Quadpot bets please
see the Tote Betting page.

HOW TO WRITE A BET

Online: If you wish to bet online using one of the types of bet listed below (exc Win and Each -Way) please DO NOT use a betting exchange such as Betfair, instead bet with Ladbrokes or one of the other online betting sites. If you do not have an account, you
must create one and fund it. Then it is simply a matter of selecting the bet type from the site's menu, and click on the corresponding
button next to your racehorse, adding your stake and clicking to confirm your bet (layout will vary from site to site). The minimum
unit stake is GBP 2.

Betting shop: And if you prefer visiting a betting shop to place a bet, you will be pleased to know that all UK betting shops have
pre-printed betting slips for most of the types of bet listed below - name shown next to bet type). If you have any difficulty finding
the correct betting slip or completing it just ask a member of the shop's staff for assistance. The minimum unit stake is 5p.

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 GBP 1 unit stake Each Way bet would cost
GBP 2 (GBP 1 win + GBP 1 place). See Place

Watch video

2 to 4 runners = no place pay out

5,6 or 7 runners = first two

8 or more runners = first three

16 or more in a handicap = first four

WATCH VIDEO: HOW TO CALCULATE YOUR POTENTIAL WINNINGS

PLACE (Betfair): Unlike an Each-Way bet (as above) which consists of two bets, a Betfair Place bet is just one bet and pays out
the same winnings whether your horse wins or is placed. So a GBP 2 unit stake Place bet would cost a total of GBP 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. See Permutation at the bottom of this page.

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 GBP 1 unit stake Trixie would cost GBP 4 (GBP 1 x 4 Bets). See Patent
NB: As you can see, to calculate the total stake you multiply the unit stake by the number of bets.

PATENT: - - - - -Morrisons betting slip = 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 GBP 1 unit stake Patent would cost GBP 7.

YANKEE: - - - - -Betting slip: William Hill = Super + / Ladbrokes = Multiples

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 GBP 1 unit stake Yankee without the Each Way option would cost GBP 11, and GBP 22 with it. See Lucky 15.

LUCKY 15: - - - - Betting slip: William Hill & Ladbrokes = Lucky 15 - 31 - 63

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 GBP 1 unit stake Lucky 15 would cost GBP 15.

CANADIAN / SUPER YANKEE: - - Betting slip: William Hill = Super + / Ladbrokes = Multiples

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 GBP 1 unit stake Canadian / Super Yankee would cost GBP 26. See Lucky 31

LUCKY 31: - - - - Betting slip: William Hill & Ladbrokes = Lucky 15 - 31 - 63

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 GBP 1 unit stake Lucky 31 costs GBP 31.

HEINZ: - - - - - - - - Betting slip: William Hill = Super + / Ladbrokes = Multiples

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 GBP 1 unit stake Heinz would cost GBP 57.

LUCKY 63: - - - - - Betting slip: William Hill & Ladbrokes = Lucky 15 - 31 - 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 GBP 1 unit stake Lucky 63 would cost GBP 63.

SUPER HEINZ:- - -Betting slip: William Hill = Super + / Ladbrokes = Multiples

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 GBP 1 unit stake Super Heinz would cost GBP 120.

GOLIATH: - - - - - - -Betting slip: William Hill = Super + / Ladbrokes = Multiples

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 GBP 1 unit stake Goliath costs GBP 247.
ONLINE GAMBLING: With so many online gambling sites to choose from it's important to choose a trusted online casino.

PERMUTATION: - -My Ladbrokes betting slip showing 4 winners from a 6 horse Trebles permutation bet

This option allows you to combine several horses in one type of bet to increase your chances of winning. In this example: four horses (A,B,C,D) are permed in a Doubles only bet (A + B, A + C, A + D, B + C, B + D, C + D) = 6 DOUBLES. On the betting coupon write
"£1/$1 Doubles x 6 = £6/$6". This type of permed bet, unlike a Patent, Yankee or Lucky 15, has the advantage of requiring a smaller stake because you have eliminated the singles, trebles and Accumulator option. The disadvantage, of course, is that if 3 or more of
your selections win your winnings are calculated as Doubles only. This bet based on a GBP 1 unit stake, as indicated, would cost
GBP 6. And 'perming' five horses in a GBP 1 unit stake Doubles bet would cost GBP 10.

ADVICE: If you want to improve your chances of having more winning bets without having to stake a lot of money,
I recommend you limit your betting to either a straight win bet, Each Way/Place bet or perm 4 - 6 horses in a Doubles
only bet - as shown in the permutation example above.

DISCLAIMER: Although every effort is made to ensure the accuracy of information on this site, no responsibility can be accepted for any errors or omissions.

©2005-2010 Ramtips