Many of our customers prefer to make accumulation or combination bets, as opposed to just single wagers. What do these terms actually mean?
View Today’s Betting Markets Now!Single Bets
A single bet is the most simple of all to understand. When you make a single bet, you are betting on just one result or race outcome. With these bets, it is very easy to work out how much you can win, when betting with fixed-odds (this means taking a price that is on offer).
Let’s say that you want to back a horse at odds of 5/1. You would like to make a clear profit of £50 on your bet, should it be successful. How much would your betting stakes need to be, to make a profit of £50 pounds?
The answer would be £10. This is because you would get back 5 multiples of £10, if your horse won. Of course, you would also have your stake returned. This means the amount of money you would see go into your account would be £60 – your £50 in winnings and your £10 stake.
Each-Way Bets
You can also make each-way bets, as well as win bets. With an each-way wager, you are actually making two distinct bets. Your first bet will be a standard win bet. You would also be making an equal-sized bet on the horse to place. This means that if you are making a £10 each-way bet, it will actually cost you £20 – £10 to win and £10 to place. This means that if you only wanted your total outlay to be £10, you would have to make a £5 each-way bet.
Accumulator Bets
Accumulator bets can be a little complicated to work out, in terms of the winnings. However, the betting stakes are very simple. If you make a £10 treble bet, the wager will only cost you £10. This is because you are betting on one single outcome – all 3 of your selections to win their races. This means you are only making one bet, just as you would be if you were making a single win bet on one race.
Let’s keep this simple and assume that you are making a £10 win treble on 3 horses that are all priced at 1/1 (even-money). Should the first horse win, you would then have £20 going onto the 2nd race. Should that horse also win, you would have £40 going on to the final leg of your treble. If that horse wins, then you would get back a total of £90 – £80 in winnings plus your £10 returned stake.
Combination Bets
The betting stakes do get complicated, when you are making a combination bet. Let’s start with a very simple combination wager – a Patent bet. This popular bet will be made in 3 different races. Your combination bet will consist of 3 singles, 3 doubles and one treble. That makes 7 bets in all and if you made a £10 Patent bet, your total betting stakes would be £70.
A Heinz bet is much more complicated. This combination bet would be made on six different races and involves 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and one sixfold. That makes a total of 57 bets, so a £10 Heinz bet would cost you £570. For this reason, most bettors would only make a Heinz bet on six horses that are all fairly short-priced. You would not need to bet on long-priced horses to get a huge return, if all of your horses won.
Punters love accumulation and combination bets, because they give them the opportunity to lock-up a big win, without relying on any horse winning at very long odds. You can make single, each-way, combination and accumulation bets, when you open a RaceBets account.
Contact our friendly customer-support team, if you need any help making your bets with us.
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