For those new to horse racing betting, the various types of bets can be confusing. This article will provide an overview of the most common types of horse racing bets, including Win, Place, Each Way, Multiples, and Forecast bets. Understanding these different bet types can help increase your chances of success and make your sports betting experience more enjoyable.
Article Contents
1. Win
A Win bet is a type of bet in horse racing where you pick a horse to finish first in a race. If your chosen horse wins the race, you win the bet and receive a payout based on the odds assigned to that horse. The amount of the payout is determined by the total amount of money bet on the race, and the odds assigned to the winning horse.
The odds are assigned based on the perceived likelihood of each horse winning the race. The higher the odds assigned to a horse, the less likely it is to win, and the larger the payout will be if that horse does win. If your chosen horse does not win the race, you lose your bet.
Learn more about Single/Win bets
2. Place
A Place bet is a type of wager in horse racing where you pick a horse to finish in the place positions of a race (usually 1st-3rd). If your chosen horse finishes in either of these positions, you win the bet and receive a payout based on the odds assigned to that horse.
The payout for a Place bet is usually lower than that of a Win bet, as you have a higher chance of winning the bet by picking a horse to place instead of to win. The odds assigned to each horse are determined by the perceived likelihood of that horse finishing in the top two positions. If your chosen horse does not finish in the place positions, you lose your bet.
The number of places that pay out for a Place bet can vary depending on the number of horses in the race and the specific rules of the race track or betting platform.
Learn more about Place Only bets
3. Each Way
An Each Way bet in horse racing is a combination of a Win bet and a Place bet. With an Each Way bet, you are essentially placing two bets on the same horse: one bet for the horse to win, and another bet for the horse to place.
For example, if you place a £10 Each Way bet on a horse with odds of 10/1, your total stake will be £20. £10 of your stake will go towards the Win bet, and the other £10 will go towards the Place bet.
If your chosen horse wins the race, both your Win and Place bets will be paid out. If your horse places, only your Place bet will be paid out. If your horse finishes outside of the place positions, you will lose both bets.
Each Way bets are popular among horse racing bettors as they offer a little insurance if the horse doesn’t win, but comes close. However, the payout for an EW bet will be lower than it would be for a standalone Win bet.
Learn more about Each Way bets
4. Multiples
Multiple bets in horse racing are a type of wager that involve placing bets on multiple selections in different races. These bets can offer the potential for higher payouts than single bets, but they also carry a greater risk as all selections must win for the bet to be successful.
Some common types of multiple bets in horse racing include:
- Double: A type of multiple bet where you choose two horses to win their respective races. Both horses must win their races for the bet to be successful. The payout for a Double bet is higher than for a single bet on each horse, as the odds for each selection are multiplied together. Learn more about Doubles.
- Treble: Similar to a Double bet, but involves selecting three horses to win their respective races. Again, all three horses must win for the bet to be successful, and the payout is higher than for a single bet on each horse. Learn more about Trebles.
- Accumulator (“Acca”): A type of multiple bet where you select more than three horses to win their respective races. The more horses you choose, the higher the potential payout, but the more difficult it is to win the bet. With an Accumulator bet, all selections must win their respective races for the bet to be successful. If any one of your selections loses, the entire bet loses.
Learn more about Multiple bets
5. Forecast
A Forecast bet in horse racing is a type of wager that involves predicting the horses that will finish first and second in a particular race, in the correct order. This bet is also sometimes referred to as a “Exacta” bet.
To place a Forecast bet, you select two horses from the same race and bet on which one will finish first and which one will finish second. The bet only pays out if you correctly predict the exact order of finish for the two horses you selected.
Forecast bets typically offer higher payouts than traditional Win or Place bets, but they are also more difficult to win. To increase your chances of success, it can be helpful to research the form and previous results of the horses in the race, as well as any relevant factors such as track conditions, distance, and jockey performance.
Some common types of full cover bets in horse racing include:
- Straight: A full cover bet on a set of selections in which all possible combinations are straight bets, meaning that each selection is chosen to win a particular race.
- Reversed: A full cover bet on a set of selections in which all possible combinations are reversed bets, meaning that each selection is chosen to either win or place in a particular race.
- Combination: A full cover bet on a set of selections in which all possible combinations include both straight and reversed bets. This type of bet offers the potential for higher payouts but also involves a higher level of risk.
- Tricast: A bet on three horses to finish first, second, and third in a particular race, in the correct order. This bet requires a high level of accuracy and can offer significant payouts if successful.
- Combination Tricast: A full cover bet on a set of selections in which all possible combinations include Tricast bets. This type of bet involves a very high level of risk but can offer extremely high payouts if all selections are correct.
Learn more about Forecast bets
6. Full Cover
Full cover bets in horse racing are a type of multiple bet that covers all possible combinations of a set of selections. These bets can offer the potential for higher payouts than single bets, but they also carry a greater risk as all selections must win for the bet to be successful.
Some common types of full cover bets in horse racing include:
- Patent: A bet on three horses in different races, consisting of three singles, three doubles, and a treble. This bet covers all possible combinations of the three horses.
- Lucky 15: A bet on four horses in different races, consisting of 15 bets: four singles, six doubles, four trebles, and a fourfold accumulator. This bet covers all possible combinations of the four horses.
- Lucky 31: A bet on five horses in different races, consisting of 31 bets: five singles, 10 doubles, 10 trebles, five fourfolds, and a fivefold accumulator. This bet covers all possible combinations of the five horses.
- Lucky 63: A bet on six horses in different races, consisting of 63 bets: six singles, 15 doubles, 20 trebles, 15 fourfolds, six fivefolds, and a sixfold accumulator. This bet covers all possible combinations of the six horses.
Learn more about Full Cover bets
7. Any To Come (ATC)
ATC (All To Come) bets are a type of horse racing bet that allows bettors to select multiple races and bet on the outcome of all of them as a single bet. This can be a convenient and potentially lucrative way to place multiple bets without having to make separate wagers for each race.
Some common types of ATC bets in horse racing include:
- Up and Down: An ATC bet in which a bettor selects a horse to win a race, and if the horse wins, the winnings are then automatically reinvested in a bet on another race.
- Round Robin: An ATC bet that involves selecting a set of horses to win or place in multiple races. This type of bet can cover all possible combinations of the selected horses.
- Flag: An ATC bet that involves selecting horses to win or place in multiple races, with each selection dependent on the outcome of the previous race. This type of bet can be very complex and requires a high degree of accuracy.
- Super Flag: An ATC bet that involves multiple Flag bets combined together, offering the potential for even higher payouts but with even higher risk.
- Rounder: An ATC bet in which a bettor selects a horse to win or place in multiple races, with the winnings from each race rolled over into the next race.
- Roundabout: An ATC bet that combines Up and Down and Rounder bets, in which the winnings from one race are automatically reinvested in a bet on another race, and the cycle continues until all selected races are completed.
8. Tote
Tote betting, also known as pool betting or parimutuel betting, is a system of betting on horse racing where all the bets placed on a particular race are pooled together into a single prize pool.
The odds for each horse are then determined based on the total amount of money wagered on the race and the number of people who bet on each horse. The more money that is bet on a particular horse, the lower the odds for that horse, and the less money that is bet on a horse, the higher the odds for that horse.
When the race is over, the total prize pool is divided among the winning bets, with a percentage going to the race track or betting operator as commission. The amount paid out to each winner depends on the odds assigned to the winning horse at the time the bet was placed, as well as the total amount of money bet on that horse.
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