Bet Types Explained

Single
A Single bet is a bet on a single selection in one event. Your selection must be successful (i.e win) in order to receive a return. A bet that needs two outcomes to occur but still is offered as one bet is still treated as a single.


Double

A Double is a multiple bet that needs two separate selections to occur to be a winning bet. The odds are calculated by multiplying the odds offered for both individual outcomes together, and multiplying this by the stake (using decimal odds) :

Stake = £10
Odds A @2
Odds B @ 3

£10 x (2 x 3) = £60 Return

Treble

A Treble is a multiple bet that needs three separate selections to occur to be a winning bet. The odds are calculated by multiplying the odds offered for both individual outcomes together, and multiplying this by the stake (using decimal odds):

Stake = £10
Odds A = 2.0
Odds B = 3.0
Odds C = 5.0

 £10 x (2 x 3 x 5) = £300 Return

Multiple Bet (Accumulator)

This can also be called a ‘Roll-Up’ or ‘Acca’.

This is generally one bet requiring any number of bet selections. All of these selections require to be successful for a win.

The return is calculated by multiplying the odds of all the bet selections made, and multiplying this by the stake (using decimal odds)

If any of the selections in your multiple bets lose, then your whole bet is lost.

However - there are some situations where you can "Half Lose", for example, in an Asian Handicap bet, in this situation, the accumulated return up until that point are split in half - half is lost, the other half of this amount is returned and is available for the remainder of the bet.

Each Way

Each Way

You bet on an event (usually a Horse or Greyhound) to Win or Place.

The term “Place” can and will vary depending on the type of race and the number of runners: Typically, the place portion of this bet pays out at one quarter of the win odds (but not always). In general, though, the number of places offered are specified as part of the odds.

A £1 unit stake Each Way bet would cost £2 (£1 for the win and £1 to for the place).

Example:
You put a £10 stake on a horse to win @ 10.0

You then decide to bet each way as well, so your stake is duplicated and split to be put on the place @ 3.25

So there are two winning outcomes:

Horse Wins = £132.5 Return
Horse Places = £32.5 Return

These returns include the stake.

This does appear in other sports as well, such as outright bets in football. For example, you can bet each way on a player to score the most goals in the Premier League season, and if the Player scores the most goals then the selection wins the combined amount from the win and each way bets. However, if the player places 2rd or 3rd, then you would only win the each way portion ; however this is dependent on the exact terms offered in the bet.


Goal/Points Lines

Full Lines: This is when the offered bet is presented in a full number. If you were to bet on, for example, over 4 goals, then you would need over 4 goals to win a return. If exactly 4 goals were scored, your stake would be returned.

Half Lines: This is when the offered bet is presented in halves. For example, you could bet on over 3.5 goals, and if 4 goals were scored then you would win a return. However, if 3 goals are scored, the bet would be considered losing and your stake would be lost.

Split Lines:  This is when the bet offered is split between two numbers. For example, you could bet on over 3/3.5 goals. In effect, the bet you would have placed is on over 3.25 goals.

Half Win

A Half Win is a type of settlement that can be seen on bets such as Asian handicap. This is when a player places a bet on a split line and the result is ‘half won’. So half of the stake is returned, and the other half is returned with profit.

For Example:

Liverpool 4-3 Manchester United

If you bet £10 Liverpool Goals Over 3.5/4 goals with odds @ 5.0, then you would have half won.
You would receive £5 back as half of your stake, and £25 back as a return on the other half.

Half Lose

A Half Win is a type of settlement that can be seen on bets such as Asian handicap and is similar to half win. This is when a player places a bet on a split line and the result is ‘half lost’. So half of the stake is returned, and the other half is lost

For Example:

Liverpool 4-3 Manchester United

If you bet £10 Liverpool Goals Over 4/4.5 with odds @ 5.0, then you would have half lost.
You would receive £5 back as half of your stake, and the rest would be lost

1x2 (Home Draw Away)

This bet type is one that offers the user to bet on either team/participant to win or for there to be a draw or tie in the event.

Double Chance

A double chance bet is one that allows you to bet on 2 of 3 possible outcomes. This is usually seen on Home, Away, Draw bets. For example, you could place a bet on Home and Draw, and if either of these outcomes happen then the selection is considered as winning. For example:

Result = Home Win

Bets:

Home + Draw = Win
Home + Away = Win
Draw + Away = Loss

Come From Behind and Win

Come from Behind and Win means that the team must be in a losing position at some point in the match and go on to win.

Winning Margin

The winning margin is the amount of goals/points etc. that separate one team/participant from other teams/participants. The higher the number, the greater the winning margin. An example of this would be:

The player bets on Aston Villa + 3 Goals v Watford

If Aston Villa win by 3 goals exactly, the bet is a winning selection. If they win, lose or draw by any other amount of goals, the bet is considered losing.

Over/Under

Over/Under refers to a market that lets the user choose whether the score, points or other numerical value related to an event will be over or under a certain line. If the value of the number is above a certain line, then the market is decided as Over. If it is below a certain line, then it is decided as Under.  For Example:

Bet Placed on Over 2.5 Goals

Liverpool 3-2 Manchester United

The bet is considered winning.

Outright Betting

This term refers to betting on the winning of a particular event, tournament, competition or race. The market also allows users to place bets on occurrences like a team qualifying for the final of a competition, disregarding whether the game they’re involved in goes to extra time or penalties etc. An example of this would be placing a bet on Real Madrid to win the UEFA Champions League.

Correct Score

Predicting the Correct Score for the match or relevant period. For example:

Bet placed on (Home) 3-2 (Away) half-time score:

If score is (Home) 3-2 (Away) at half-time then the bet is considered winning.

Any other score and the bet is considered to be losing.

Asian Handicap (Pre-live)

In a football match there is a difference in perceived quality between the two opponents. The differential varies determined by any number of factors such as:

Performance History

Form

Financial strength

Home field advantages, the difference can be significant, leaving little value on the favourite, and minimal returns on standard markets.

Asian Handicap betting markets counter the perceived bias in abilities, by levelling the playing field and removing the option of a draw - resulting in better odds.

This is achieved by applying either a positive or negative goal handicap to either side depending on which team is perceived as the favourite (negative) or underdog (positive).

Therefore, for example, Liverpool could be seen as the favourites against Manchester United.
The table below shows the outcomes Home Away (2 way) Asian Handicap:

 

Asian Handicap (Live)

A live Asian Handicap that is bet in play works in the same way as the above pre-live market. However, unlike many other markets, the score at the time of placing the bet is disregarded; when the bet is placed the score is effectively 0 – 0.

Home Draw Away with Handicap (3-Way Handicap)

This type of bet works in a similar way to the Asian handicap described above, except for the ability to place a stake on the match finishing as a draw. The draw handicap will always be the same as the home handicap, and it will always apply to the home team.

For Example:

Liverpool 4-3 Manchester United

Home -1 | Draw -1 | Away +1

If you had placed a bet on the draw, you would have a winning  selection, as this bet means that we take one goal off of Liverpool’s end score and the result is subsequently a draw.