It doesn’t matter if you are a part-time gambler or a seasoned pro, there’s a good chance you’re familiar with the different types of bets that can be placed on sporting events.<\/p>\n\n\n\n
While some bettors prefer to stick to one type of wager, others like to mix things up and place multiple bets on a single game. This guide will look at the most popular types of bets placed on sporting events.<\/p>\n\n\n\n
They might be called something different depending on the country you are in – they all mean the same thing.<\/p>\n\n\n\n
This bet type is the simplest and easiest to understand. You place one bet on a team or player to win. If they win, you get money back.<\/p>\n\n\n\n
For example, if you place a wager on a football team to win a match, pick a horse to win a race, or choose a golfer or tennis player to win a tournament. If they win, you win.<\/p>\n\n\n\n
FYI – In the USA, these tend to be referred to as Moneyline bets, whereas Single bets or Win bets are more commonly used elsewhere, such as in the UK. It’s where the phrase “Put \u00a3x on x to win<\/strong>” comes from.<\/p>\n\n\n\n A double bet is when you pick two selections to win. Instead of placing just one single bet, you bet on two matches, two horse racing events, or two tournaments (or a combination of different events). To get winnings back, both of your selections must win.<\/p>\n\n\n\n This is another extension of the single and double bet types, where you pick three different selections of bets\/odds – and all three have to come up for you to get a payout.<\/p>\n\n\n\n These bet types are the most basic ones when it comes to sports betting.<\/p>\n\n\n\n With Trixie bets, you can win big without having to wager a lot of money. A ‘Trixie’ consists of four bets across three selections (one Treble and three Doubles, so four bets in total).<\/p>\n\n\n\n For a Trixie bet to payout, two of the selections must win. If all three selections are winners, all four bets get paid out.<\/p>\n\n\n\n This bet type works in a similar way to a Treble, but instead, it allows for one of the selections to lose while still giving you a return.<\/p>\n\n\n\n The Patent bet is an extension of a Trixie. It is a multiple bet consisting of seven bets from three selections (one Treble, three Doubles and three Singles, so seven in total).<\/p>\n\n\n\n A Patent bet involves singles – which is a bonus because if just one of the three selections wins, then you will get a payout.<\/p>\n\n\n\n If you are thinking of placing a Treble bet, then look at converting them to a Trixie or Patent, as it offers a greater chance of winning.<\/p>\n\n\n\n A place bet is usually applied to horse racing bets or greyhound racing. A punter can place a wager on a horse to finish first, second or third in a race. This offers extra insurance in case your horse doesn’t finish first.<\/p>\n\n\n\n For example, putting a \u00a35 bet on a place bet at odds of 6\/1 will mean you get winnings of \u00a330 no matter if the horse wins or comes in second or third.<\/p>\n\n\n\n Not all bookmakers offer place bets in horse racing or on greyhounds, and some bookies only offer first and second place as bet winners. So check this and their T&Cs before you start betting.<\/p>\n\n\n\n FYI – a place bet is similar to a Show Bet in the USA. But with a Show Bet, the horse can cross the line in first, second or third place for the wager to payout.<\/p>\n\n\n\n This is another bet which is common with horse racing. With an “each way” bet, half the stake is placed on your chosen horse to win, and the other half is placed on your horse finishing in one of the placed positions, i.e. second or third.<\/p>\n\n\n\n Some bookies offer placed positions down to fourth place, and for races such as the Grand National, bookies will offer “extra places” down to fifth or sixth, which means that if your horse finishes in sixth place – you still win!<\/p>\n\n\n\nDouble Bet<\/h2>\n\n\n\n
Treble Bet<\/h2>\n\n\n\n
Trixie Bet<\/h2>\n\n\n\n
Patent Bet<\/h2>\n\n\n\n
Placed Bet<\/h2>\n\n\n\n
Each Way Bet<\/h2>\n\n\n\n
Lucky 15 Bet<\/h2>\n\n\n\n