Different Types of Bets Explained what it means to place an Each-way, Forecast, Lucky and Yankee bet
by Abi Moses on 13th July, 2019


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In the ever-expanding world of online gambling, bettors nowadays have countless different sports betting markets available to them at any given time. Cross-sport bets are therefore proving increasingly popular with doubles, trebles and accumulator bets becoming just as common as bets on a single market. But, in addition to these bread and butter betting options, there are so many other options available to bettors. Here are Compare Betting Sites we take a look at some of the more popular alternatives, explaining how they work and where you’d benefit from choosing these betting types.

 

Each-way

 

Whether you enjoy betting on the horses or greyhounds, each-way bets are a great way of enhancing your chances of winning. An each-way bet will see you simultaneously place two bets; one bet will be placed on your selection winning whilst a second bet will cover your selection being ‘placed’.

 

The part of your bet paying out on a placed selection will be paid at a fraction of the odds, varying between 1/4 and 1/5, subject to the number of runners and type of race you’re betting on.

 

Traditionally greyhound races are contested by up to six dogs and therefore an each-way bet would pay out for the top two places. Here is an example of your each-way bet paying out at 1/4 odds:

 

£10 each-way @ 8/1 = £20 total stake

 

If your selection is first you will win £90 (£10 @ 8/1) for the ‘win’ part of your bet and £30 (£10 @ 2/1) for the ‘place’ part of your bet. Total return = £120 from a £20 stake.

 

If your selection is placed the ‘win’ part of your bet will be lost but you will earn a return of £30 for the ‘place’ part of your bet. Total return = £30 from a £20 stake.

 

These types of bets a far from exclusive to racecourses and dog tracks, in fact, each-way bets are available on a wide range of sports. All knockout competitions from tennis Grand Slam events to football’s major cup competitions will offer each-way bets with the losing finalists classed as ‘placed’.

 

Each-way bets are also popular amongst golf fans. Some bookmakers will pay out each-way on up to eight places in golf’s four Majors. That means that incredibly, you could pick a golfer to win a Major and even if they finish below seven other players, you’ll still turn a tidy profit!

 

Forecast / Tricast

 

As if picking the winner of a race wasn’t tricky enough, a Forecast or Tricast bet will mean picking the first two or three over the line. As you can imagine, this can sometimes prove tricky but the lucrative betting returns make these types of bets extremely popular.

 

This is another betting type that proves popular amongst fans of horse and greyhound races however, like each-way betting, these bets can be applied to a variety of sports, from football to Formula One.

 

A Forecast bet has two varieties; the Straight Forecast or Reverse Forecast. The difference is that a Reverse Forecast allows your selections to finish first and second in any order. Essentially, you are placing two separate Straight Forecast bets for twice the stake.

 

Similarly, a Tricast bet can be placed as a Straight Tricast, meaning you must predict the first three home in the correct order. If you’re confident of selecting the top three but unsure of the order than you can place a Combination Tricast. A Combination Tricast will cover your three selections finishing in any order. There are six different bets in one Combination Tricast, meaning your stake is six times the amount. Here’s an example of a Combination Tricast:

 

£10 Combination Tricast bet on selections A, B and C finishing 1st, 2nd and 3rd in any order = £60 total stake

 

£10 = 1st) A, 2nd) B, 3rd) C

 

£10 = 1st) A, 2nd) C, 3rd) B

 

£10 = 1st) B, 2nd) A, 3rd) C

 

£10 = 1st) B, 2nd) C, 3rd) A

 

£10 = 1st) C, 2nd) A, 3rd) B

 

£10 = 1st) C, 2nd) B, 3rd) A

 

Lucky 15/31/63

 

As we mentioned above, singles, doubles, trebles and accumulator bets tend to be the most popular amongst bettors and with a Lucky 15/31/63 bet you can combine each and every one into one single bet with every possible permutation covered.

 

A lucky 15 bet consists of four different selections with 15 bets made up of the following; 4x singles, 6x doubles, 4x trebles, 1x four-fold accumulator. A £1 Lucky 15 will mean a total stake of £15 and the more of our selections that are successful, the more you’ll win. Many bookmakers also offer bonuses if just one or all of your selections are successful.

 

A Lucky 31 bet follows the same concept but with five selections, giving 31 different bets, including; 5x singles, 10x doubles, 10x trebles, 5x four-fold, 1x five-fold accumulator.

 

Adding a sixth selection to your bet will give you a Lucky 63 bet, consisting of 6x singles, 15x doubles, 20x trebles, 15x four-folds, 6x five-folds, 1x six-fold accumulator.

 

Yankee / Canadian / Heinz

 

If you are unfortunate enough to pick just one winning selection in your Lucky 15,31,63 bet you are potentially going to be making a loss on your initial stake. Therefore, you may want to opt for a bet that excludes single bets, reducing your initial stake.

 

A Lucky 15 bet without the single bets is known as a Yankee and consists of 6 doubles, 4 trebles and a four-fold accumulator. A £1 Yankee will cost £11. A Lucky 31 without any single bets is known as a Canadian. A £1 Canadian bet will mean a total stake of £26, including 10x doubles, 10x trebles, 5x four-folds, 1x five-fold accumulator.

 

Just like a Lucky 63, the Heinz bet also includes six selections but adopting the name of the famous old brand, a Heinz bet has 57 different varieties. The difference between the two is the absence of single bets in a Heinz bet. A Heinz bet includes six selections and consists of 15x doubles, 20x trebles, 15x four-folds, 6x five-folds, 1x six-fold accumulator.

 

These types of combination bets are also available with just three selections. A Trixie bet consists of four bets; 3x doubles and 1x treble. Alternatively, a Patent bet will also include the three single bets, giving seven bets for three selections.

 

Top betting sites with free bonuses  

 

If you are looking to put all of the above knowledge into practice, then be sure to register with a betting site that can offer you a free bet to get you going. Below are the top 3 betting sites we recommend signing up with this month:  

 

InterBet – Renowned for its attractive odds and long list of betting markets, InterBet is a great place to start when heading out on your online betting venture. Register with InterBet.com now and you can enjoy a free £10 sport bet.  

 

Bet365 – Though a big name in the world of online betting, Bet365 is still passionate about attracting new customers, known throughout the betting community for its juicy bonuses and string of new-player incentives. Become a Bet365 customer now and you can claim up to £100 in free bonuses. What’s more is that these can be used on whatever sport you so wish.  

 

Betboro – Next up of our list of recommended betting sites is Betboro. Though not a huge name, Betboro are stealing customers from fellow betting sites with their sizable Welcome Offers. Refreshing their list of promotions every month, you never know what’s in store as a Betboro punter. Registering today will give you the chance to bet with a free bonus of £50.

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