Many Bookmakers have a huge sportsbook, containing thousands of ways to bet on sports. There are the more obvious and well-known ways to place sports bets and there are many more less known markets. Below is a comprehensive list of different types of bets;
Accumulator
This bet also known as an acca is numerous selections that are combined to create one whole bet. If one selection doesn't win then the whole bet loses.
Ante-post
Where odds are offered in advance of the declaration stage of horse racing.
Best odds guaranteed
An offer given by numerous bookmakers where the higher odds are given, even if lower odds have already been wagered on.
Bet Bonus
An offer or promotion given by bookmakers to enhance the experience.
BTTS
Placing a bet on Both Teams To Score in a soccer match. This bet has variations including BTTS and win and BTTS no draw.
Canadian
This is a multiple bet that consists of 26 bets (10 doubles, 10 trebles, 5 four-folds and a five-fold)
Cash Out
If a bet isn't playing out the way the punter predicted, some bookmakers offer part winnings.
Draw No Bet
A soccer bet where the stake will be returned if the game ends in a draw.
Double
A bet that has two selections. The selections must be from different events and they both must win for the double to win.
Double Chance
A bet that covers two of three possible outcomes in the win-draw-win market in football.
Each way
An each-way bet consists of two parts. One part of the bet is placed on the winner whilst the second part of the bet is placed on finishing 2nd or 3rd.
Goliath
This is a huge multiple bet. It includes 247 bets (28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold) involving eight selections in different events.
Handicap
Where what appears to be a one-sided event, a handicap is given to one of the teams to level the playing field.
Heinz
Another multiple bet. The Heinz must have 57 bets (15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold) involving six selections in different events.
In-Play
Placing a bet whilst the action unfolds. Also known as Live Betting.
Lay
Placing a bet on an outcome not happening, rather than the traditional bet of an occurrence happening.
All of the Lucky bets are multiples that are made up of separate bets and are as follows;
Lucky 15
Consists of 15 bets (4 singles, 6 doubles, 4 trebles and an accumulator) involving four selections in different events.
Lucky 31
Is made up of 31 bets (5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator) that has five selections in different events.
Lucky 63
This includes 63 bets (6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator) with six selections in different events.
Parlay
One (single) bet that combines two or more individual bets. Each bet must be successful for the Parlay to win
Patent
A lesser-known multiple bet. It includes 7 bets (3 singles, 3 doubles and a treble) with selections in different events.
Reverse forecast
A bet where the goal is to predict the winner and runner-up in a race in either order. It is also known as a dual forecast. A reverse forecast is classed as two bets.
Scorecast
A soccer bet placed on a player scoring and the final result being predicted.
Single
Perhaps the easiest bet to place. One selection from a sporting event.
Super Heinz
Another huge multiple bet that must have 120 bets (21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and a seven-fold accumulator) with seven selections in different events.
Treble
An accumulator with three selections. All three selections must win to get a return. Like all accumulators, the winnings from the first selection carry on to the second selection and then on to the third selection.
Tricast
A horse racing bet where the punter places a bet on the winner, the runner-up and the third-placed horse in a particular race.
Trixie
Another multiple bet that includes 4 bets (3 doubles and 1 treble) involving three selections in different events.
Under/over
The bookmaker chooses a total amount, such as total goals scored. The bet is placed on the result being under or over that amount.
Win-draw-win
Usually seen on soccer. This is referred to a bet placed on either the home team winning, the away team winning or the match finishing in a draw.
Win to Nil
Placing a bet on a soccer team to win and the opposition not scoring.
Yankee
A multiple bet with 11 bets (6 doubles, 4 trebles and a four-fold) involving four selections in different events.
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