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Different Types of Bets

To cover every type of bet would be a mammoth task, so we aren’t going to go down that route. Instead, we want to cover the bets that you are most-likely to encounter when you are having a flutter online. 

These are the bet types that you will likely find at most British betting sites. So, none of those Americanisms. We automatically assume that you are gambling somewhere in the UK, or at least somewhere in Europe.

Single

Probably the most common type of bet you will find. In fact, if you have ever had a bet, it is probably a ‘single bet’. With this, you make a single selection on an event. If you get it right, you win. For example; betting on a horse to win the Grand National, or a team to win a football match. Simple stuff.

Double/Treble/4-Fold Accumulator

These are several single bets all placed at once. You will only win if all the single bets are winners. Let’s say that this is your accumulator (this is a rather simple one, you could have all manner of different accumulators)

Now, if Manchester United win, then you lose out on the money you bet. It does not matter if you were correct in the other three bets. Won’t lie to you here, this is probably one of the most lucrative types of bet, but it is also one of the riskiest as you need to rely on multiple events going your way.

More Than One Unit Stake Bets

These ones are a little rarer. You don’t really see them applied that much to football, which is what we imagine most of you will be betting on. With these bets, your stake is multiplied by the number of bets that you are placing. As long as one bet wins, you get some of your winnings back.

These have some unique names, so bear with us. It is likely that you will not see these unique names in use when you bet online, but it is still good to know them. Makes it seem like you are ‘one of the crowd’.

Patent

This is formed of seven different bets:

Trixie

Four bets here:

Yankee

11 bets for a Yankee:

Lucky 15

No prizes for guessing how many bets you get with this one:

Canadian/Super Yankee

26 different bet types here.

Lucky 31

By now, we are just assuming that the naming department for bets was running out of unique names:

Heinz

How many varieties does Heinz have? Well, likely a lot more than 57, but that does not stop them from advertising it. Here is a Heinz bet:

Lucky 63

64 bets for this one.

Super Heinz

Goliath

Last betting type in this section. Don’t worry! There are 247 bets for a Goliath:

Obviously, these bets carry a lower amount of risk because your risk is spread. However, due to the way in which they work, you will lose on some of the bets (you will only have a limited selection to choose from). However, if a few of them come in, we are positive that you could make a profit.

Perm Betting

This type of bet is for those who have made more than 2 selections. You can perm them into a single bet. This is something which could generate you some significant returns if done properly. If all the bets that you make under a perm bet come up trumps, then you will be enjoying maximum winnings. 

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