Different Horse Racing Bets Explained

Betting in sports is not really that difficult once you get used to how things work, but you may need to take some time out to learn the basics. In this post, we will provide newcomers with a crash course in different types of betting, in relation to horse races. Let’s get straight to it then with Singles.

Single Bet

Just as simple as it sounds, the single bet is when someone bets on a single horse winning a particular race.

Each Way Bet

The same as single bets but as long as the horse comes in 1^st, 2^nd, or 3^rd, you will still win but your winnings will depreciate from 1^st – 3^rd in descending order. Some of the longer races may allow each-way bets to win up to the 5^th position. Each way single bets cost roughly two times the money it would cost you to place a “win-only” single bet.

Double Bet

To place and win a double bet you will need to make sure that all the following criteria are met:

1. A single bet must be placed on the outcomes of 2 different horse races.
2. The horses must win or receive a position at both the races for you to win the double.

Treble Bet

The same as a double, but now you will be placing a single bet on the outcomes of 3 different races. Also like a double bet, all 3 of your sections must be ranked/winning horses for the treble to qualify as a winning bet.

Related: Different Horse Racing Events That You Must Visit

Accumulator Bet

It’s a single bet on 4 or more selections in 4 or more different races with the same stipulations as the double and the treble bets. All selections must win or be ranked for you to win the accumulator bet.

Trixie Bet

To put it simply, 3 doubles + 1 treble = 1 Trixie. However, you don’t have to win all your bets to win a Trixie. The minimum requirement maintains that you will win a Trixie as long as 2 out of your 3 selections are winning or ranking horses.

Patent Bet

Consider a Patent bet to be equal to 3 Singles + 3 Doubles + 1 treble, consisting of 3 separate selections and 7 bets in total. If any 1 out of your 3 selections win, you are eligible for a winning return. The more bets you win, the higher your winnings will be of course.

Yankee Bet

Just 1 Yankee bet is equal to placing 6 doubles, 4 trebles, and 1 fourfold (accumulator) bet. There are 11 bets made in total on 4 separate selections. Quite similar to the patent bet, winnings from a Yankee will vary depending on how many of your predictions came true, but to qualify the bet as a winning stake, only 2 out of your 4 horses must win or hold ranks.

Keep in mind that Yankee is an advanced bet meant for those who understand the world of horseracing quite well. Stay in touch with an expert tipster to become acquainted with each of the races, the horses you are betting on, and their odds of winning before placing such a complicated bet.

Canadian, aka Super Yankee Bet

A Canadian or Super Yankee stake consists of 26 bets in total, spread between 10 doubles, 10 trebles, 5 fourfold bets (accumulator), and 1 fivefold bet (accumulator). You must make 5 separate selections but the minimum requirement for winning only needs you to make 2 winning selections. The better your predictions are, the more you will win from a Canadian wager.

Lucky 15 Bet

As the name suggests, it’s a popular wager in horseracing with 15 bets in it. You will need to make 4 selections, but only one of your selections has to be a winning or ranking horse for you to win a Lucky 15.

These 15 bets must consist of 4 singles, 6 doubles, 4 trebles, and 1 fourfold bet (accumulator). As is the norm with all bets of the kind, more winning/ranking selections = higher winnings.

There are, of course, numerous other wagers in horseracing to learn about, such as the Heinz, the Super Heinz, and the Goliath Flag to name just a few. For starters though, these should be more than enough to get some practice in.