A treble bet is a wager on three separate selections in which all three must win for the bettor to receive a payout.
What Is A Treble Bet?
A treble bet is a type of wager that involves three selections, where all three selections must win for the bettor to receive a payout. This type of bet combines three single bets into one, creating an even larger potential payout. The odds for each selection are multiplied together, which results in even higher potential returns than placing two separate double bets.
To place a treble bet, the bettor selects three events or games they want to bet on and places a wager on all three. For example, in football, a bettor might place a treble bet on three separate matches, choosing the winning team in each. All three teams would have to win their respective matches for the bettor to win the treble bet.
If one of the selections loses, the entire bet is lost. However, if two of the selections win and the third selection is a tie or canceled, the bet becomes a double bet and the payout is calculated based on the odds of the two winning selections. If only one selection wins, the bet becomes a single bet and the payout is calculated based on the odds of the winning selection.
Example
Let’s say you place a £10 treble bet on three football matches with odds of 2.0, 3.0, and 4.0.
- If all three teams win their respective matches, the total return will be £240 (£10 x 2.0 x 3.0 x 4.0), with £230 profit.
- If one or two teams lose their matches, the entire bet is lost.
Another way of looking at it is that the winnings from the the first bet £20) are rolled onto the second bet at 3.0. Then those winnings (£60) are rolled onto the third bet at odds of 4.0.
Where to Place Double Bets
What To Look For In A Treble Bet
Here’s my suggestions for what bettors should look for in Treble bets:
Value Odds
Look for three selections that are undervalued by the bookmaker. This means that the odds assigned to the selections are higher than they should be, giving you a better chance to win and a higher potential payout.
Confidence
Only bet on selections you are confident in. Don’t add a selection just to fill out the bet. Stick to your strongest choices and don’t be tempted to add additional selections to increase your potential payout, as this will also increase your risk of losing the bet.
Risk/Reward Balance
When placing a treble bet, it’s important to balance risk and reward.
Assess the probability of each selection winning to determine the level of risk. A lower probability of success for one or all selections increases overall risk.
If one selection has more value, consider placing a single bet on that outcome to avoid additional risk.
You can also reduce treble bet sizes to protect your bankroll.
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