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Types of Betting on Horse Racing

Author: Yan Zhylinski

Do you find horse racing terminology rather confusing? Don’t worry since you are not alone. Even though being fluent on horse racing’s idiosyncratic language certainly is a must to become a good bettor, it can be a learning curve. Here, we explain all types of horse racing bets to help you begin wagering on horse races with ease.

Types of Betting on Horse Racing

Accumulator

In horse racing betting, an accumulator bet is that bet that comprises of four or more selections in a single bet. All the four selections must win to guarantee a return.

Alphabet

An alphabet bet is that type of bet where you wager on 6 selections that are composed of 26 bets: two patents of 14 bets, 1 Yankee (11 bets), and sixfold accumulator (1 bet).

Canadian

Also known by many as a Super Yankee, a Canadian is a type of a bet where you get to wager on five selections that consist of 26 bets – 10 doubles, 10 trebles, 5 fourfold’s, and a five-fold accumulator.

Double

The double is a single bet on two outcomes in different horse racing events. Both selections must win to guarantee a return.

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Double Stakes About

A Double Stakes About is an Any To Come wager that consist of two selection that partake in different events, which are compiled to come up with two wagers that are derived from two singles. Any return that a player gets on each single, up to double the original stake amount is used to fund another single on the other selection.

Each-Way

Each-Way

An each-way bet is a two-part type of bet, with half the stake that a player uses going on the selection to win and the other half going on the selection to place. An each-way bet costs double that of a normal win bet and will yield some sort of return should the selection win or get placed. It’s a common type of betting preferred by horse race betting enthusiasts.

Flag

Another common type of horse racing bet, the ‘Flag’ is a wager compiled of 6 doubles, 4 trebles, 1 fourfold, and 6 Up-And-Down SSA Pairs. It’s not a popular type of horse racing bet, but there are those who fancy it.

Forecast

A straight bet is that type of a wager where you are required to correctly predict the finishing order of the horses in first and second in a race. You win if you correctly predict which horse finishes first, and which one comes second.

Goliath

In horse racing, a Goliath bet is a bet on 8 selections that are taking part in various events. This bet consists of 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds, and an eightfold accumulator. All of them total to 247 bets. Two selections must win to ensure a bettor gets any returns.

Goliath Flag

The ‘Goliath Flag’ is a bet comprised of 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, eight sevenfolds, one eightfold and 28 Up-And-Down single stakes about pairs. It’s another popular type of horse racing bet.

Heinz

This is a six-selection bet that consists of 57 bets. The 57 bets are made up of 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and a one sixfold accumulator. Heinz is aptly named after the 57 ‘varieties’ company slogan from Heinz. This 57 bet wager is one of those unique bets that combine every permutation of the 6 selections into a single wager.

Jackpot

Jackpot is one of those bets that’s so hard to win. Here, you need to correctly predict the first 6 winners at a specific race course on a single day for you to win and share the pool. Unfortunately, with one wrong selection, your bet loses.

Lucky 15

Lucky 15 is a popular betting type among horse race bettors. It consists of 4 selections and 15 bets – four singles, four trebles, six doubles, and a fourfold. Equivalent to Yankee but with four singles. In this type of bet, one selection must win to guarantee you a return.

Lucky 31

Lucky 31

This is a wager that consists of 5 selections and 31 bets – ten doubles, five singles, five four-folds, ten trebles, and one fivefold. One selection must win for you to get some returns.

Lucky 63

A Lucky 63 is a bet that features 6 selections and 63 bets that include 6 singles, 15 doubles, 15 fourfolds, 20 trebles, 6 fivefolds, and one sixfold.

Match Bet

This is a betting technique used by horse racing bettors to make some profits from the free bets and other incentives that bookies offer.

Patent

This is a bet that involves 3 selections and seven bets – three doubles, three singles, and one treble. It’s equivalent to a Trixie but with the addition of three singles.

Placepot

The Placepot is another popular type of bet for racegoers. Here, you need to select a horse in each of the first 6 races at a specific racing track on a single day, and if the horse that you select finishes in the placings, you win a share of the total pool. However, with one unplaced selection, your bet loses.

Reverse Forecast

A reverse forecast bet is where you need to select the first two horses, though not in any particular order.

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Round Robin

The Round Robin bet is a three-selection wager that’s made up of 10 bets: one treble, three doubles and three up-and-down single stakes about pairs.

Single

Single-race wagers, often referred to as “vertical” exotics, involve wagering on the order of finish with a certain specific race. With each extra finishing position that you attempt to select, the difficulty tends to increase, but so too does what you stand to win.

Single Stakes About

A Single Stakes About is an Any To Come wager that consists of 2 selections from events. They are then compiled to produce 2 bets that are derived from 2 singles. Any return on each single –up to the initial stake amount- is used to fund a further single on the other selection.

Super Flag

The ‘Super Flag’ is a type of bet that comprises of 10 doubles, five fourfolds, ten trebles, one five-fold and ten Up-And-Down single stakes about pairs.

Super Heinz

The Super Heinz is a wager on 7 selections that take part in various events. The Super Heinz consists of 21 doubles, 35 trebles, 35 fourfolds, 7 sifolds, 21 fivefolds, and sevenfold accumulator all of which total to a huge 120 bets. Here, two selections must win to ensure that you get a return.

Super Yankee

Also referred to as Canadian by others, a Super Yankee is a bet on 5 selections that consist of 26 bets – 10 doubles, five fourfolds, 10 trebles and a fivefold accumulator.

Treble

A treble is a single bet on three outcomes in different horse racing events. Here, you need to note that all three selections must win to guarantee a return.

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Trixie

A Trixie is a bet that comprises of three selections and four other bets – a treble and three doubles. A minimum of two selections must win to guarantee a return. For example, a £2.50 each-way Trixie would cost £20.

Union Jack

The Union Jack is a bet that consists of 8 trebles from 9 selections. Groupings are determined by laying out the selections in a 3x3 grid. This then forms three horizontal trebles, three vertical trebles and two diagonal trebles.

Yankee

A Yankee is a bet that consists of 4 selections and 11 bets in total – a fourfold and four trebles. In a Yankee, a minimum of two selections must win for you get your winnings. For example, a £2 Yankee would cost you a total £22.

What is the safest bet in horse racing?

There are plenty of horse racing bet types available. But as a bettor, especially if you are beginner, you may be wondering on what’s the safest bet in horse racing. Straight bets and especially the Win Bet is the safest bet in horse racing. Here, the only thing that you need to do is to predict which horse you think will win the race. Even though there are plenty of other bets that you can choose, a straight bet (but the win bet in particular) is one of the safest bet when it comes to wagering horse races. While there’s the Place and Show bets where your horse must finish in second or third when it comes Straight Bets, you may to go with the Win for some easy wins.

Published: 09/07/2021

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