This is a bet with four or more selections from different events. All selections must win in order for you to get a return. The stakes and winnings from the first selection are re-invested on the second selection and so on.
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This is a bet that is placed on future major sporting events, usually prior to the day of the event itself. In return for the chance of better odds you will normally lose your stake money if your selection does not end up taking part in the event.
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The act of placing money on a selection. For example, if you place money on Barcelona to win La Liga, then you’ve ‘backed’ them to win the title.
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This is the act of placing money (with a bookmaker) on a selection in a sporting event, in the hope of ultimately getting a return if that selection is correct.
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This is how bet odds are usually expressed in mainland Europe and Asia. Odds are expressed in decimals (rather than fractions) and winnings including in your stake. For example, £10 at 1.90 = £10 x 1.90 making a return of £19.00, including your stake.
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A Double is a bet on two selections which must both win. All winnings and stakes from the first selection are re-invested on the second selection.
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This is a bet which allows you to place a stake of equal amounts on a selection to either win an event or to be placed. A percentage of the win odds is paid for your selection placing, which usually ranges from second to fourth depending on the event. For example, if you bet £5 each-way on Sir Percy to win the derby at odds of 6-1 you would bet a total stake of £10.
If Sir Percy wins your winnings would be £30 (£5 stake x 6) and your stake would be returned too;
In addition, you would get a return for Sir Percy placing. This would come to £7.50 (£5 x ¼ of 6) plus the original stake;
If Sir Percy had just placed (i.e. came second, third or fourth) rather than winning, you would lose the win section of the bet but would still get £7.50 (plus £5 stake) back for the place bet.
The team, runner or competitor considered by the bookmaker to have more chance of winning than their opponents. The favourite is the shortest priced selection in an event.
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When preceded by a number, a ‘fold’ indicates the number of selections in an accumulator bet. A five-fold would be an accumulator with five selections, all of which must win for the bet to be successful.
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This is one bet involving two selections in the same race to finish 1st and 2nd in the correct order. The selections must finish in that order for the bet to win.
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This is how odds are primarily displayed in the UK and Ireland. Fractional odds give you your profit excluding your stake, so your stake needs to be added back in to calculate your total return. For example, £10 at 5/1 = £50 (this is your profit) plus your stake equals £60 (this is your total return)
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This is often used for sports like football and rugby. One team, usually the away team, receives a head start for betting purposes. Punters can bet for or against the team with the head start.
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Some bookies offer odds on sporting events whilst they are in progress. Here, the odds will continuously change, with the odds quoted reflecting the current state of play.
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These are expressions of the probability of a selection winning a certain event. Odds can be expressed as fractions (e.g. 2/1) or decimals (e.g. 3.0)
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This is where the odds are greater than evens (e.g. 7/4). This refers to a price where you have to stake more than the amount you expect to make as profit.
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This is a bet on two or more selections which must both win. All winnings and stakes from the first selection are re-invested on the second selection and so on.
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If you have three of more selections in a bet, it is possible to ‘perm’ selections. This means that, rather than placing an accumulator where all your selections have to win, you can combine selections in doubles, trebles etc.
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If a horse is withdrawn shortly before the start of a race and there is insufficient time to form a new market the remaining horses are subject to a deduction if they win or are placed. These are calculated according to the starting price as follows:
This is a bet on three selections (in different events) which must all win. All winnings and stakes from the first selection are re-invested on the second selection and so on.
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