Single
A Single is a bet on 1 selection in one event. Your selection must be successful to get a return.
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 £1 unit stake Each Way bet would cost £2 (£1 to win + £1 to place). For example, if the horse wins at odds of 8/1 the £1 win portion of the stake is multiplied by 8 and returned with the original £1 win betting stake paying out £9, just like a normal ‘Single’. And the £1 place portion of the betting stake is multiplied by 1/4 of the odds, so 8/1 becomes 2/1, with the original £1 place betting stake paying out £3 – thus total winnings of £12. But If your horse finishes in second, third or fourth the £1 win portion of the stake is lost and ONLY the £1 place part of the betting stake is multiplied by 1/4 of the odds, resulting in total winnings of £3.
- Betting online at tab.com.au A TAB Multi placed online can be made up of between a minimum of two (2) and a maximum of ten (10) different fixed odds sport or racing options. Each of these is referred to as a leg with one selection required for each leg. Sport and racing fixed odds options are now permitted in the same Multi.
- A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator. A minimum of 2 of your selections must be successful to get a return.
Number of Placed Positions
Prop bets (short for proposition bet) and specials are again two different terms used to describe the same type of wager. This particular type of wager is generally considered to be a wager that’s placed more for a bit of fun than anything else, and many experts advise that serious bettors should leave them well alone.
- 2 to 4 runners = each way betting does not apply
- 5 to 7 runners = first two places pay out
- 8 or more runners = first three places pay out
- 16 or more in a handicap = first four places pay out
Accumulators
Also called a ‘Roll-Up’ or ‘Acca’. One bet requiring any number of selections but all the selections must win to have a return. The winnings are calculated by placing all the money on the first selection, then the winnings from that bet is placed on the next bet, etc.
Doubles, Trebles, Four-Fold Accumulators, etc
A Double is an accumulator of 2 selections, and a Treble is of 3 selections. After that, they are just known as a ‘Four-Fold Accumulator’, ‘Five-Fold Accumulator’, etc…
Trixie
A Trixie consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. A minimum of 2 of your selections must be successful to get a return. For example, if your 3 selections were A, B and C, then your 4 bets would be AB, AC, BC, and ABC.
Patent
A Patent consists of 7 bets involving 3 selections in different events. The bet includes a single on each selection, plus 3 doubles and 1 treble. Just one successful selection guarantees a return. For example, if your 3 selections were A, B, and C, then your 7 bets would be A, B, C, AB, AC, BC, and ABC.
Yankee
A Yankee consists of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and an accumulator. A minimum of 2 of your selections must be successful to get a return. For example, if your 4 selections were A, B, C, and D, then your 11 bets would be AB, AC, AC, BC, BD, CD, ABC, ABD, BCD, ACD and a Four-Fold accumulator ABCD.
Lucky 15
A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 four-fold. If only one selection wins, as a consolation returns are paid to treble the odds. If all four selections win, a bonus of 20% is added to total returns. For the bonus to apply, all selections must win (does not apply to void or non-runners). If only one of the selections wins, you receive treble the odds. For each-way bets the consolation is paid only on the win part of the bet. Lucky 15 bets are accepted on horse racing, greyhounds only and correct scores.
Canadian
A Canadian (also known as a Super Yankee) consists of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds plus an accumulator. A minimum of 2 of your selections must be successful to get a return.
Lucky 31
A Lucky 31 consists of 31 bets involving 5 selections in different events. The bets include 5 singles, 10 doubles, 10 trebles, 5 four-folds and a five-fold accumulator. If only one selection wins, returns are paid to four times the odds. If four of the selections win, a bonus of 15% is added to total returns. If all five selections win, a bonus of 25% is added to total returns. For the bonus to apply, all selections must win (does not apply to void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 31 bets are accepted on horse racing, greyhounds only and correct scores.
Heinz
A Heinz consists of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. A minimum of 2 of your selections must be successful to get a return.
Lucky 63
A Lucky 63 consists of 63 bets involving 6 selections in different events. The bet includes 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator. If only one selection wins, returns are paid to five times the odds. If five of the selections win, a bonus of 20% is added to total returns. If all six selections win, a bonus of 33% 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. Lucky 63 bets are accepted on horse racing, greyhounds and correct scores.
Super Heinz
A Super Heinz consists of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and a seven-fold accumulator. A minimum of 2 of your selections must be successful to get a return.
Goliath
A Goliath consists of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold accumulator. A minimum of 2 of your selections must be successful to get a return.
Straight Forecast
A Straight Forecast involves 2 selections in 1 race finishing 1st and 2nd in the order named.
Reversed Forecast
A Reversed Forecast involves 2 selections in 1 race finishing 1st and 2nd in either order. As such it is two straight forecasts, AB and BA.
Combination Forecasts
Combination Forecasts involve 3 or more selections in a race, with any 2 to finish 1st and 2nd in any order.
Straight Tricasts
Straight Tricasts involve 3 selections in a race finishing 1st, 2nd and 3rd in the order named.
Combination Tricasts
Combination Tricasts involve 3 or more selections in a race finishing 1st, 2nd and 3rd in any order.
Punters enjoy many bet types. . They have a vast range, right from the most basic option of a win single to the more complicated combinations of things like full cover and conditional bet types.
Use this betting guide to help you sort through it all with clear, easy to understand explanations of all the different bet types that you may come across.
Types of Bets
The most simple types of bets are a Win, Place or Each-Way option;
Win
A single win bet selects one outcome to happen from an event, like the winner of a football match or an F1 Grand Prix. This requires just one stake on a winning option.
Place
A place bet backs a selection to finish (place) within a range of finishing positions set by a bookmaker. It could be the top five places of the US Masters golf or the top three in a horse race.
Each-Way
An each-way bet has two options covered within it. You need two unit stakes, one to cover the outright win option and the other to cover a place option.
Single Bet
One single bet of any type. They use just one unit stake.
Multiple Bet
When you combine more than one selection together under one single unit stake that is a multiple bet . The appeal of this bet type is that it offers higher returns because more risk is at as the bet grows. You get returns from the first leg of a multiple and use them as the stake for the second leg and so on.
The cumulative odds can stack up to create higher payouts.
Double
If you link two single selections together that is a double bet. If the first selection wins, the returns go as the stake for the second selection. Both options have to win.
Treble
Three single selections in one bet under one stake. The treble bet type is a multiple. Any returns from the previous leg of the bet are used as the stake for the next. Therefore all three selections need to win.
Accumulator
This is a bet with four or more selections (legs) in it. Accumulators can pay out big returns but they are high-risk. All legs need to win for it to be successful. The returns from the previous leg are the stake for the next, as with all multiple bet types.
Full Cover Bet
A full cover bet is where more than one selection is together to build whatever combination of multiples can be made from the number of selections. This includes any doubles, trebles and accumulators.
However many multiple bets made from the selections, they will each require an individual unit stake. Full cover bets do not include the selections as win singles.
Trixie
A Trixie bet is a form of a full cover bet type from three selections, it creates multiples and no singles.
Yankee
In a Yankee bet, four selections combine for all possible creations of multiples from the picks.
Canadian / Super Yankee
A Canadian bet or a Super Yankee. There are 5 selections used to create any multiple bets available.
Heinz
A Heinz bet is a full cover bet of six selections, creating all the possible combinations of doubles, trebles and accumulators.
Super Heinz
A step up from the Heinz is the Super Heinz has seven combined selections.
Goliath
A Goliath bet brings eight selections together to create all multiple options.
Full Cover Bet With Singles
As the name suggests, a Full Cover bet with singles simply adds the individual selections on to a full cover bet type. This allows every option, all singles, doubles, trebles and accumulators to be put together in a bet.
Each bet created with a full cover bet with singles type needs an individual unit stake played.
Patent
A Patent is a variant of a Trixie bet, which like it, uses only three selections but the Patent version includes the singles.
Lucky 15
A Lucky 15 is a popular type of bet for horse racing. Four selections combine for all singles and multiples possible.
Lucky 31
The Lucky 31 is a version of the Canadian (Super Yankee) with the singles also included in the bet along with the multiples. It has five selections.
Lucky 63
There are six selections, as in a Heinz create all multiple combinations, but the Lucky 63 includes the singles too.
Alphabet
Alphabet has six selections combine to make 26 bets. The six selections create two Patents, a Yankee and a 6-fold accumulator. A Patent has seven bets (x2), a Yankee has 11 bets and the one bet of the 6-fold acca tallies up to the number 26.
Conditional (Any To Come) Bet
Conditional bets rely on something happening before another action happens. For example, you make two selections and if there are returns from the first selection, then the returned stake will be used on the second selection.
If the first selection loses then the second selection will not play. This is an ATC (Any To Come) bets. A “if cash” bet is what we call this.
Up and Down
An Up and Down bet are from just two singles. Create two bets and each has two parts.
Tab Bet Types Crossword Clue
Part A: If the first selection wins, then the returned stake goes on the second selection in the bet. Part B: If the second selection wins, then the returned stake goes on the first selection. There are two reverse bets of each other.
Round Robin
The selections used to create ten bets. The basic premise of a round-robin is that it is a Trixie plus x3 up and down bets that they add on to it.
Flag
A flag bet is an enhanced Yankee where up and down bets (six of them) added onto the multiples created.
Super Flag
A Super Flag bet is from five selections (as there is in a Canadian), with the addition of up and down bets on top. This creates 46 separate bets.
Rounder
There are three selections create a Rounder. If there is cash coming back from a winning single, the original stake goes into a double bet. All singles and variations of doubles are played in the bet sequence.
Roundabout
Tab Racing Bet Types
The Roundabout is a step up from the Rounder in which if a single bet wins, the stake from it is doubled to be placed on a double bet.
Specialty Bet
A unique betting slip or system is aspecialty bet type.
Union Jack
This type has nine selections laid out in a 3×3 grid done on a special betting slip. Each vertical line and each horizontal line creates a treble, for a total of eight treble wagers. Seven winners will guarantee a return in a Union Jack bet.
System Bets
In a System Bet is a number of selections between 3 and 8. From the inital selections they get multiple bet types (the punter decideds the type).
In the example of a 2/5 system bet, it creates five selections and produces all combinations of doubles. In a 3/5 system bet, again uses five selections, but to create all possible trebles.
Forecast Bet
This is a popular bet type for horse racing and greyhounds. In a forecast bet you make selections on the same betting slip from a single race, predicting the exact finishing order of the top two.
You can make variations of this such as naming the selections to finish in either order in the top two, or naming several selections out of which the top two will come.
Straight Forecast
A straight forecast is a single bet when you make two selections for a single event, say a horse race. This bet type requires the prediction of the exact finishing order of the top two.
Reversed Forecast
A reverse forecast bet, a straight forecast with the reverse finish also included. Two selections can be made and the options it creates are for the finish of either 1-2 or 2-1 in a race. This requires two-unit stakes because of the extra option.
Combination Forecast
The combination forecast bet type is predicting the exact finishing order of the top two in an event. However, you can select multiple options instead of just two and any combination of your selections finishing in the top two wins. The more selections, the higher the unit stake is multiplied.
Tricast
The Tricast is a bet which calls for a prediction on the correct finishing order of the top three in an event. A single stake goes on the call of an exact 1-2-3. This is only one bet. It requires only the one unit stake.
Combination Tricast
The top three finishers in the exact order are the target in a Combination Tricast. However, you can make more than three selections on the bet slip. The more selections added to the bet, the more the unit stake will be multiplied by.
Tote Bet
The premise of any Tote wager is pool betting. For a given event, punters wager their stakes into a pot. Therefore, after the bookmaker takes their cut from that pot, then it is the value of that pot which then sets the dividends.The Tote payouts based on dividends and not fixed odds, this is the big difference between Tote and regular betting. So, the amount of stake received on a horse divides by the overall value of the Tote pot for the given race. That number will set the dividend-price if that horse wins, and then you multiply your units of stake by the dividend.
There is a wide variety of Tote bets and most of them have similarities with regular fixed odds betting, but just operate off the pool betting system instead.
Tote Win
Tab Nz Bet Types
You make a selection when you pick the winner of a horse race.
Tote Place
The selection made in a horse race for a Tote Place has to finish in a designated Place in the race, usually the top two or top three.
Each Way Tote
This combines the Win & Place Tote best together. The Win and the Place have separate dividends, paid out depending on where your selection finishes.
Tote Exacta
This is the same as a Forecast in regular betting, you predict the top two finishers in a race in the exact order.
Trifecta
The Trifecta is the same as a Tricast in regular betting. They must forcast the top three finishers in the exact order.
Quadpot
This type of Tote Bet calls for the four winners of four consecutive races on predetermined races.
Placepot
This is a prediction of six winners from six races, and therefore more than one selection can be made for each race.
Jackpot/Scoop6
Jackpot and Scoop6 are prize pools, where punters will be playing for a share of a prize pot. You must predict the six winners of the designated races.
Tote Swinger
A unique bet is a Tote Swinger. You make two nominations in a race and you have to have them place in any order in the top three.
Tote Superfecta
One of the most difficult Totes to win as it asks for the correct prediction of the top four finishers in a race.