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European types of bets explained

There is a difference between the European and the American types of bets, not so much in the principles they wotk upon, but rather in their names, which can actually be quite confusing for those, not knowing the basics behind them. Either way the proper bettor should know their meanings and differences, in order to be  a profitable bettor. In this article we are going to go over the European types of bets, their names, and the principles behind them.

 

 

Single-a Single is one bet on one selection. Your selection must be successful to have a return. 

Double-a Double is one bet on two selections in different events. Both selections must be successful to have a return.

Treble-a Treble is one bet on three selections in different events. All three selections must be successful to have a return 

Trixie-a Trixie consists of four bets on three selections in different events i.e. 3 doubles and 1 treble. Two or more selections must be successful to have a return. Remember a €1/£1 trixie costs €4/£4. 

Patent- A Patent consists of seven bets on three selections in different events i.e 3 singles, 1 on each selection, 3 doubles and 1 treble. One or more selections must be successful to have a return. Remember a €1/£1 patent costs €7/£7.

Acca/Accumulator- This is the most simple multiple bet: you have two or more selections and you need them all to win to get a return. A two selection accumulator is also known as a double and a three selection accumulator is also known as a treble. A four selection accumulator is known as a Fourfold Accumulator. The maximum numbers of selection permitted in a multiple bet is 20, which is a twentyfold accumulator bet.

A £1 Accumulator costs £1 - the returns depend on the prices of the selections chosen.

Fourfold Accumulator- a fourfold accumulator is one bet on four selections in different events. All four selections must be successful to have a return.

Yankee- a Yankee consists of eleven bets on four selections in different events i.e. 6 Doubles, 4 Trebles and 1 fourfold accumulator. Two or more selections must be successful to have a return. A €1/£1 Yankee costs €11/£11.

 

Lucky 15- a Lucky 15 is similar to a yankee but also has singles. It consists of fifteen bets on four selections in different events i.e. 4 singles, 6 doubles, 4 trebles and 1 fourfold accumulator. One or more selection must be successful to have a return. If you only have one winner then Paddy Power will double the price of that selection (only applies to Horse/Greyhound Racing Lucky 15s. Void selections do not count as losers. Bonus applies to win part of each-way bets only.) A €1/£1 Lucky 15 costs €15/£15.

Fivefold Accumulator-  a fivefold accumulator is one bet on five selections. All five selections must be successful to have a return.

Super Yankee or Canadian- a Super Yankee consists of twenty-six bets on five selections i.e. 10 doubles, 10 trebles, 5 fourfold accumulators and 1 fivefold accumulator. Two or more selections must be successful to have a return Remember a €1/£1 super Yankee costs €26/£26.

Lucky 31- a Lucky 31 is similar to a super-yankee but also has singles. It consists of thirty-one bets on five selections in different events i.e. 5 singles, 10 doubles, 10 trebles 5 fourfold accumulators and one fivefold accumulator. One or more selection must be successful to have a return. If you only have one winner then Paddy Power will double the price of that selection (only applies to Horse/Greyhound Racing Lucky 31's.Void selections do not count as losers. Bonus applies to win part of each-way bets only.) A €1/£1 Lucky 31 costs €31/£31.

Sixfold Accumulator- a sixfold accumulator is one bet on six selections. All six selections must be successful to have a return.

Heinz- a Heinz consists of fifty-seven (Heinz 57!!) bets on six selections i.e. 15 doubles, 20 trebles, 15 fourfold accumulators, 6 fivefold accumulators, and 1 sixfold accumulator. Two or more selections must be successful to have a return. Remember a €1/£1 Heinz costs €57/£57.

Sevenfold Accumulator- a sevenfold accumulator is one bet on seven selections. All seven selections must be successful to have a return.

Lucky 63- a Lucky 63 is similar to a Heinz but also has singles. It consists of sixty-three bets on six selections in different events i.e. 6 singles, 15 doubles, 20 trebles, 15 fourfold accumulators, 6 fivefold accumulators, and 1 sixfold accumulator. One or more selection must be successful to have a return. If you only have one winner then Paddy Power will double the price of that selection. (only applies to Horse/Greyhound Racing Lucky 31's.Void selections do not count as losers. Bonus applies to win part of each-way bets only.) A €1/£1 Lucky 63 costs €63/£63.

 

Super Heinz- a Super-Heinz consists of 120 bets on seven selections i.e. 21 doubles, 35 trebles, 35 fourfold accumulators, 21 fivefold accumulators, 7 sixfold accumulators, and 1 sevenfold accumulators. Two or more selections must be successful to have a return. Remember a €1/£1 Super-Heinz costs €120/£120.

Eightfold Accumulator- an eightfold accumulator is one bet on eight selections. All eight selections must be successful to have a return.

Goliath- a Goliath consists of 247 bets on eight selections i.e. 28 doubles, 56 trebles, 70 fourfold accumulators, 56 fivefold accumulators, 28 sixfold accumulators, 8 sevenfold accumulators and 1 eightfold accumulators. Two or more selections must be successful to have a return. Remember a €1/£1 Goliath costs €247/£247.

Combination Forecast- a Combination Forecast is a bet where the customer can choose three or more selections in one event, two of which must finish 1st and 2nd in any order. In effect a combination forecast is a series of straight forecast bets and therefore requires multiple stakes according to the number of selections specified.

Tricast- a Tricast is a bet that involves correctly predicting the first, second and third place in a particular event. The number of bets depends on the number of selections. A tricast is normally available on handicap races of 8 or more runners in Horse Racing events and Greyhound Races when all six dogs run.

Combination Tricast- a Combination Tricast is a bet where the customer can choose a number of selections in a tricast race, any three of which must finish 1st, 2nd and 3rd in any order. In effect a combination tricast is a series of straight tricast bets and therefore requires multiple stakes according to the number of selections specified.

Combined- a Combined Horse bet is a single bet containing up to four runners from a single horse race. The bet is won at the combined price offered if any of the runners in the bet wins the race (win only).

Each-Way- an each-way bet is a bet, typically used in horse and greyhound racing. It consist of two equal parts- one  of them is successful only if the selection wins, and the other one- if the selection is placed 2nd, 3rd or 4th, depending on the number of horses/greyhounds/, participating in the race. So an 1pound each-way bet actually costs 2  pounds.

Place bet- it is the same as the each-way bet, but in the place bet the winning part of the each-way bet is excluded, thus making the place bet successful if the horse/the greyhound/ finishes 1st, 2nd, 3rd, or 4th, again, depending on the number of contestants in the race.

Note: The maximum number of selections which can be included in a multiple bet is 20.

As a smart and knowledgeable bettor there is an important point to be made here, about the advantage, you could/and should/ take from some of the various bookmaker’s cash-back offers, offered in relation with multiple bets. A lot  of bookmakers are constantly giving away a cash-back for your whole bet, if one of the legs in your multiple bet lets you down. For example in a 5-fold accumulator bet if you are wrong only with one of your predictions/where in the  classic scenario you should lose the whole stake/ they are going to give you a cash-back for the whole sum at stake. There are plenty of bookmakers, having such offers, thus you always should be on a look-out for them.

There is another, we must say, exciting type of betting, which popularity has been growing over the last years- the spread betting. Spread betting is usually  in the form of two prices, a buy price and a sell price. You buy at the high price and sell at the low one. The range between the two prices is known as the spread. With spread betting you can make better use of your sporting knowledge than with fixed odds. With fixed odds betting you have a simple ‘win or lose’ scenario and you know exactly how much you will win or lose as soon as you strike a bet. With spread betting, how much you win or lose is determined by how accurate you are. There are a lot more than just two scenarios with spread betting and the more right you are, the more you win. By the same token the more a result goes against you, the more you can lose. For example, a bookmaker, offering spread-betting as well, is offering a market on the number of corners in the Real Madrid v Manchester United game. The bookmaker’s  prediction is 10.5 – 11. You decide there are going to be more than 11 corners, so you buy at 11 for £5. This means that you require more than 11 corners in order to make a profit. When the match finishes, for every corner there has been above 11 you will make £5, for every corner below 11 you would lose £5. If the match ended with exactly 11 corners then you would neither win or lose any money. The spread-betting is used also and for betting on the financial markets, which some bookmaker also have on offer.

There are some other types of bets, which are commonly used and well deserve our attention:

SP/Starting price/ betting: This type of betting is again used in horse and greyhounds racing. The SP is the official returned price of a horse from the racecourse at the point the race started. The Starting Price is decided by ‘SP reporters’, whose job it is to give a fair and accurate official SP price that reflects the on-course bookmaker market. So you can bet on starting price of a horse or greyhound even from the previous day or days, when none of the bookmakers has formed a specific price for it in  odds terms. A lot of bookmakers offer what is called “best odds guaranteed” betting, which basically means that if you have taken a price earlier before the race, and starting price appeared to be greater, if you win, you are going to be paid at the better odds.

Tote or Pool betting- Tote betting differs from fixed odds betting  in that the odds on your bet are not known until the event has closed for betting, usually when the event starts.

This is because in Tote or Pool betting all the stakes are totalled up and then a house percentage removed from the total. The remaining sum in the pool is then split between the winning tickets. Tote betting is often run by a government owned sportsbook, sometimes called The Tote. There are a variety of Pool bets, not only simple win bets. There are also Place bet pools (In America they have Win, Place & Show pool bets) and many more exotic pool bets such as: Exacta, Quinella, Trifecta, Superfecta, Box bets, Doubles, Trebles (also sometimes called Triples and Pick Threes), Quadrella (also known as Quaddie or four-leg accumulator), Sweep (either a Pick Four or Pick Six etc).What you will find is that the terms will change according to the country you are in, but the bet types are generally the same.

ANTE-POST BETTING: Ante-post betting, also known as futures betting, is when a fixed odds betting market exists in advance of an event. The    definition of ante-post or futures betting is usually when there is betting on an event in the future (ie: when the event does not take place today but sometime after that).An example of futures betting in sport may be betting on the winner of the World Cup or The Super Bowl, even though the final of that event may not take place for several weeks or months. More specifically, in horseracing or dog racing, ante-post betting is when a fixed odds market exists prior to the final declaration stage of a race (usually 24 hours or more before a race).

Selections that are backed in horse or dog racing ante-post markets will be deemed to be losing bets if they become non-runners.

ASIAN HANDICAP BETTING:  Asian Handicaps are most commonly used in football betting in order to eliminate the option of a draw. They are also widely used when the difference in the quality of the favorite and the underdog is so huge, that without asian handicapping it won`t be an exciting event for betting. This could be best illustrated with an example. Imagine that in the English football Premiership are about to play Liverpool vs Cardiff in Liverpool. In this case the presumable superiority of Liverpool is so huge that it could hardly get into an even competition. In this case you might see the following asian handicap numbers:

Liverpool  -1.5    1.91

Cardiff     +1.5     1.91 

What this means that Liverpool have a handicap of -1.5 goals and Cardiff have an advantage of a goal and a half from the very beginning. Thus Liverpool have to win the game by at least 2 goals margin, in order a bet on them to be successful. So if you bet on Cardiff and Liverpool win only by 2:1 then your  bet would have been successful.

 

We hope that we have been useful to you with this article and now you have a better understanding of the whole plethora of Sports-bets.