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TYPES OF BET EXPLAINED

There are so many types of bet with strange names such as 'patent', 'trixie' and 'heinz', that people get confused and don't tend to go for types of bet they don't understand. Some of these permutations can often be the better strategies to adopt than simply betting amounts on straight single outcomes, so they're worth knowing about.

Remember, the bookies try to get punters into betting on the types of bet they want you to bet on, usually those types of bet that you'll lose on most in the long run if you play them all the time.

For example, you bet on the same type of outcome 10 times - the bookies might let you win 9 times, but the 1 time you lose you'll have wiped out the profit gained previously.

There are lots of types of bet. Here are some of the most common ones. Most betting sites will explain others if you want to research further, or contact us if you want us to publish an explanation here.

Before you read on we just need to explain some terminology we use. When we describe betting on a number of 'outcomes', by this we mean betting on a number of selections, or bets. An 'outcome' could include one team to beat another, a player to score a goal, a match to end in a draw, and many others.

Also check out our strategies page to see how different types of bet can be applied in practice.

SINGLE BETS

Simply place a stake on one outcome. For example, Man United to beat Chelsea at 1/1. Put £1 on this single and you'll win £1 x 1/1 = £1 (plus your stake back = £2 total return).

Singles can also include outcomes such as a player to score in a game first, a team to beat another team by a certain score, or a team to be winning at half-time and also winning at full-time (half-time/full-time betting), among many others. Check out our Singles calculator to calculate your potential winnings.

DOUBLE BETS

Choose two outcomes and both must win for you to win your double bet. Place one stake, and this stake is then multiplied by the first set of odds, and the winnings from the first set of odds multiplied by the second set of odds.

For example, placing a £1 bet on Man United to beat Leeds at 1/1, and Arsenal to beat Spurs at 6/5 will give you the double : £1 on Man United = £2 winnings, then your £2 winnings on Arsenal at 6/5 = £4.40 total winnings from your double (£2 x 6/5, plus your £2 stake back = £4.40).

If both Man United and Arsenal win at these odds you'll win £4.40 from a £1 bet. Check out our doubles calculator.

TREBLES AND ACCUMULATORS

Choose 3 or more outcomes and if all win each bet multiplies the other. If 1 loses, you lose all your stake since there are no returns for getting part of this bet correct.

For example, you bet £1 on Leeds to win at 1/1, Middlesbrough to win at 8/5 and Charlton to win at 6/5. If all three win, you'll get £1 on Leeds = £2, this £2 on Charlton = £4.40, then this £4.40 on Boro = £11.44 total winnings. Check out our Accumulator calculator.

DOUBLES AND SINGLES PERMUTATIONS

Choose 4 or 5 outcomes, for example, 4 or 5 teams to win their games, and take only the singles and doubles combinations from the 4 or 5 games. For example, if you choose 4 games (Games 1,2,3, and 4), you'll get 4 singles (Outcomes 1,2,3, and 4) and 6 doubles (Outcomes 1 & 2, 1 & 3, 1 & 4, 2 & 3, 2 & 4, and 3 & 4).

PATENT BETS

This is a permutation that contains 3 outcomes. From these 3 outcomes you'll get 7 bets - 3 singles, 3 doubles and 1 treble. With 7 bets, if you choose at least 6/1 odds for each of your 3 outcomes, for example, Leeds to win 2-1 at 8/1, Man U to win 3-1 at 12/1, and Newcastle to win 1-0 at 6/1, even if you just get one winner you'll break even. Check out our patent calculator.

TRIXIE BETS

This is similar to a patent, except you don't get any singles. It's 4 bets from 3 outcomes. You'll get 3 doubles and 1 treble.

LUCKY 15 BETS

Like a Patent, but instead of 3, choose 4 outcomes and get 4 singles, 6 doubles, 4 trebles, and 1 quadruple, equalling 15 bets. As with the Patent, it's wise to choose odds that will return you your stake if you only get one winner out of four (there are 15 bets, so choose outcomes around 14/1, so if only one wins you'll get your stake back).

For example, choose 4 outcomes each at 16/1. Place a £0.10 unit stake (15 bets = total stake of £1.50) and if only one of your four outcomes wins you'll get one single winner - £0.10 at 16/1 = £1.70 return. If you get more than one winner you'll be in the money! 2 winners at 16/1 in this example would return £32.30, 3 winners £583.10, and all 4 winners £10,497! Check out our lucky 15 calculator.

Looking for a good online bookie where you can place your Lucky 15 bets?, then check out Bet365. It's an easy site to use and shows you your potential Lucky 15 winnings when you place your bet.

YANKEE BETS

This is similar to the Lucky 15, except you don't get any singles. It's 11 bets including 6 doubles, 4 trebles and 1 quadruple. This type of bet is better than the Lucky 15 in scenarios where you don't want to put down 15 bets, instead just 11 to reduce your total stake. This means that your stake is lower, but remember you don't win anything for only one correct because there are no singles in this permutation.

However, having only 11 bets instead of 15, you can afford to place a larger unit stake. Where you would place £0.10 on 15 bets in a Lucky 15 (equalling £1.50), you can now place 11 bets at £0.14 (equalling £1.54). It might not look like much of a difference, but 2 16/1 winners with a unit stake of £0.14 will give you £40.46, and all 4 16/1 winners will give you £14,687, more than 4 grand more than placing a similar stake on a Lucky 15.

SUPER YANKEE BETS

This is similar to the Yankee, except it covers 5 outcomes, not 4. This increases the amount of bets in the permutation. You'll get 26 bets - 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold. In general the more permutations you have the more your bets are diluted.

In this case you might place a £0.10 unit stake, however because you have 26 bets your total stake will be £2.60. Again if you get two 16/1 winners you'll get a return of £28.90, however with this type of bet you're staking almost twice as much as the Lucky 15. You've got to remember that each week you might not get two winners, but with such profit from only 2 winners you don't need to win every week!

HEINZ BETS

This is like a Super Yankee, but you're now betting across 6 outcomes. This gives you 57 bets! - 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold.

If you're betting on this type of permutation, remember that you've got 57 bets. That again means again you'll need at least 2 outcomes out of 6 (at odds of around 7/1) to even make a profit. Getting more than 2 outcomes will put you in the money though! If your unit stake is £0.10 and you have 57 bets you've staked £5.70. However, for 3 16/1 winners out of 6 you'll return £583.10, and for 4 16/1 winners out of 6 you'll return £10,497!

GOLIATH BETS

This is a monster of a permutation. It involves betting across 8 outcomes, giving you 247 bets! - 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and 1 eight-fold.

Depending on the odds you choose you'll probably need at least 3 winners out of 8 in order to make any profit. With this type of bet you're only going to be betting pennies per unit stake because you have 247 bets. For example, if you bet £0.05 on 247 bets your total stake would be £12.35. If all your 8 outcomes were 7/1 odds you would get only £3.20 for 2 correct out of 8. 3 correct would give you £32.00. You've got to ask yourself whether you can pick 3, 7/1 outcomes, out of 8 games each week? Could you predict 3 correct scores out of 8 games?

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England Premier League 2016/2017 Winner
SelectionOddsBet Slip
Man City2.63Add To Bet Slip
Man Utd3.75Add To Bet Slip
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Liverpool13.00Add To Bet Slip
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