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Types Of Bets Accepted At UK Betting Shops

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caricature of a funny man holding a £ currency win yankee betting slip

Common Bet Types Accepted In UK Betting Shops

CLICK▼ [ for further info click on the bet of your choice ]
Single 1 selection = 1 bet
Double 2 selections = 1 bet
Treble 3 selections = 1 bet
Accumulator /Acca /Parlay 4 or more selections = 1 bet
Trixie 3 selections = 4 bets (3 doubles ~ 1 treble)
Patent 3 selections = 7 bets (3 singles ~ 3 doubles ~ 1 treble)
Yankee 4 selections = 11 bets (6 doubles ~ 4 trebles ~ 1 accumulator)
Super Yankee /Canadian 5 selections = 26 bets (10 doubles ~ 10 trebles ~ 5 fourfolds ~ 1 accumulator)
Heinz 6 selections = 57 bets (15 doubles ~ 20 trebles ~ 15 fourfolds ~ 6 fivefolds ~ 1 accumulator)
Super Heinz 7 selections = 120 bets (21 doubles ~ 35 trebles ~ 35 fourfolds ~ 21 fivefolds ~ 7 sixfolds ~ 1 accumulator)
Goliath 8 selections = 247 bets (28 doubles ~ 56 trebles ~ 70 fourfolds ~ 56 fivefolds ~ 28 sixfolds ~ 8 sevenfolds ~ 1 accumulator)
Flag 4 selections = 23 bets (6 doubles ~ 4 trebles ~ 1 four-fold ~ 6 X 2 up&down pairs)
Lucky 15 4 selections = 15 bets (4 singles ~ 6 doubles ~ 4 trebles ~ 1 accumulator)
Lucky 31 5 selections = 31 bets (5 singles ~ 10 doubles ~ 10 trebles ~ 5 fourfolds ~ 1 accumulator)
Lucky 63 6 selections = 63 bets (6 singles ~ 15 doubles ~ 20 trebles ~ 15 fourfolds ~ 6 fivefolds ~ 1 accumulator)
Round Robin 3 selections = 10 bets (3 pairs of up&down bets ~ 3 doubles ~ 1 treble)
Straight Forecast /SFC /FC 2 selections = 1 bet (finish in the order written)
Reverse Forecast /RFC 2 selections = 2 bets (finish in either order)
Combination Tricast /CTC 3 or more selections = 6 bets (must finish 1-2-3 in any order)
Tote Exacta 2 selections = 1 bet (finish in the correct order)
Tote Trifecta 3 selections = 1 bet (finish in the correct order)
Union Jack Trebles 9 selections = 8 bets (specific treble combinations)
Union Jack Patent 9 selections = 56 bets (specific patent combinations)
Tote Jackpot /JPot 6 selections = 1 bet (to win each of the six designated races)
Tote Placepot /PPot 6 selections = 1 bet (to place in each of the six designated races)
Tote Quadpot /QPot 4 selections = 1 bet (to be placed in the last four Placepot races)
Tote Scoop6 /S6 6 selections = 1 bet (to win or be placed in six nominated races)

COMMON BETS VAULT

Common Bet Types Details

Single

A single bet involves one selection in one event ~ forming one bet. The stake is placed on a single outcome ~ paying out if the selection wins based on its odds. Ideal for straightforward ~ low-risk betting. Total▸ 1 bet.

Calculate single bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ enable Each Way or Rule 4 ~ then input odds and stake.

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Double

A double bet combines two selections into one bet. Both must win for a payout. The stake multiplies through the first selection’s odds ~ then the second. Offers higher returns with increased risk. Total▸ 1 bet.

Explore double bet payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set two selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Treble

A treble bet combines three selections into one bet. All three must win for a payout. The stake multiplies through each selection’s odds ~ offering higher returns than a double but with greater risk. Total▸ 1 bet.

Simulate treble bet winnings with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm three selections ~ add Each Way or Rule 4 ~ and input stake.

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Accumulator /Acca /Parlay

An accumulator combines four or more selections into one bet. All selections must win for a payout. The stake multiplies through each selection’s odds ~ yielding high returns but with significant risk. Total▸ 1 bet.

Discover accumulator payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set four or more selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Trixie

A Trixie involves three selections forming four bets▸ three doubles and one treble. At least two selections must win for a return. Balances risk and reward for multiple events. Total▸ 4 bets (3 doubles ~ 1 treble).

Calculate Trixie returns using UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set three selections ~ enable Each Way or Rule 4 ~ and input stake.

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Patent

A Patent uses three selections to form seven bets▸ three singles ~ three doubles ~ and one treble. One winning selection gets you a return. Offers broad coverage with moderate stakes. Total▸ 7 bets (3 singles ~ 3 doubles ~ 1 treble).

Explore Patent bet payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ confirm three selections ~ add Each Way or Rule 4 ~ and enter stake.

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Yankee

A Yankee uses four selections to form 11 bets▸ six doubles ~ four trebles ~ and one accumulator. Two or more winning selections yield a return. Ideal for multiple outcomes. Total▸ 11 bets (6 doubles ~ 4 trebles ~ 1 accumulator).

Simulate Yankee bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set four selections ~ enable Each Way or Rule 4 ~ and input stake.

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Super Yankee /Canadian

A Super Yankee uses five selections for 26 bets▸ 10 doubles ~ 10 trebles ~ five fourfolds ~ and one accumulator. Two or more wins yield a return. High coverage ~ higher stake. Total▸ 26 bets (10 doubles ~ 10 trebles ~ 5 fourfolds ~ 1 accumulator).

Calculate Super Yankee payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ confirm five selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Heinz

A Heinz uses six selections for 57 bets▸ 15 doubles ~ 20 trebles ~ 15 fourfolds ~ six fivefolds ~ and one accumulator. Two or more wins yield a return. High risk ~ high reward. Total▸ 57 bets.

Explore Heinz bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set six selections ~ enable Each Way or Rule 4 ~ and input stake.

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Super Heinz

A Super Heinz uses seven selections for 120 bets▸ 21 doubles ~ 35 trebles ~ 35 fourfolds ~ 21 fivefolds ~ seven sixfolds ~ and one accumulator. Two or more wins yield a return. Total▸ 120 bets.

Simulate Super Heinz payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm seven selections ~ add Each Way or Rule 4 ~ and enter stake.

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Goliath

A Goliath uses eight selections for 247 bets▸ 28 doubles ~ 56 trebles ~ 70 fourfolds ~ 56 fivefolds ~ 28 sixfolds ~ eight sevenfolds ~ and one accumulator. Two or more wins yield a return. Total▸ 247 bets.

Calculate Goliath returns using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set eight selections ~ apply Each Way or Rule 4 ~ and input stake.

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Flag

A Flag bet uses four selections for 23 bets▸ six doubles ~ four trebles ~ one fourfold ~ and six pairs of up-and-down bets. Two or more wins yield a return. Complex but versatile. Total▸ 23 bets.

Explore Flag bet payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm four selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Lucky 15

A Lucky 15 uses four selections for 15 bets▸ four singles ~ six doubles ~ four trebles ~ and one accumulator. One win gets you a return. Popular for balanced coverage. Total▸ 15 bets (4 singles ~ 6 doubles ~ 4 trebles ~ 1 accumulator).

Simulate Lucky 15 returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set four selections ~ add Each Way or Rule 4 ~ and input stake.

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Lucky 31

A Lucky 31 uses five selections for 31 bets▸ five singles ~ 10 doubles ~ 10 trebles ~ five fourfolds ~ and one accumulator. One win gets you a return. Offers extensive coverage. Total▸ 31 bets.

Calculate Lucky 31 payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ confirm five selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Lucky 63

A Lucky 63 uses six selections for 63 bets▸ six singles ~ 15 doubles ~ 20 trebles ~ 15 fourfolds ~ six fivefolds ~ and one accumulator. One win gets you a return. High coverage ~ high stake. Total▸ 63 bets.

Explore Lucky 63 returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set six selections ~ enable Each Way or Rule 4 ~ and input stake.

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Round Robin

A Round Robin uses three selections for 10 bets▸ three pairs of up-and-down bets ~ three doubles ~ and one treble. Two or more wins yield a return. Combines flexibility and coverage. Total▸ 10 bets.

Simulate Round Robin payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm three selections ~ add Each Way or Rule 4 ~ and enter stake.

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Straight Forecast /SFC /FC

A Straight Forecast requires two selections to finish first and second in the exact order in one race. Forms one bet. High risk ~ high reward for predicting precise outcomes. Total▸ 1 bet.

Calculate Straight Forecast returns with the dedicated tool using UK odds formats. Select two selections ~ input odds ~ and apply stake for precise payout estimates.

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Reverse Forecast /RFC

A Reverse Forecast uses two selections to finish first and second in either order ~ forming two bets. Less risky than a Straight Forecast ~ offering flexibility. Total▸ 2 bets (2 combinations).

No specific Reverse Forecast calculator due to racing authority restrictions. Visit the Bet Calculator Homepage to explore alternative tools for similar bets.

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Combination Tricast /CTC

A Combination Tricast uses three or more selections to finish first ~ second ~ and third in any order ~ forming six bets. Offers flexibility for predicting top three. Total▸ 6 bets.

Combination Tricast calculators are unavailable due to racing authority rules. Check the Bet Calculator Homepage for other tools to assist with your betting.

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Tote Exacta

A Tote Exacta requires two selections to finish first and second in the correct order in one race. Forms one bet. Payouts are pool-based ~ often yielding high returns. Total▸ 1 bet.

Learn about Tote Exacta pool betting via the official guide. Understand rules and strategies for selecting two horses for high-reward payouts.

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Tote Trifecta

A Tote Trifecta requires three selections to finish first ~ second ~ and third in the correct order in one race. Forms one bet. Pool-based payouts offer high rewards. Total▸ 1 bet.

Explore Tote Trifecta pool betting with the official guide. Learn how to pick three horses for potential high returns.

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Union Jack Trebles

Union Jack Trebles use nine selections arranged in a 3x3 grid ~ forming eight treble bets from specific combinations. Two or more wins yield a return. Total▸ 8 bets (8 trebles).

Calculate Union Jack Trebles returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set nine selections ~ apply Each Way or Rule 4 ~ and input stake.

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Union Jack Patent

Union Jack Patent uses nine selections in a 3x3 grid ~ forming 56 bets▸ eight Patents (each with three singles ~ three doubles ~ one treble). One win gets you a return. Total▸ 56 bets.

Simulate Union Jack Patent payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm nine selections ~ add Each Way or Rule 4 ~ and enter stake.

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Tote Jackpot /JPot

A Tote Jackpot requires six selections to win each of six designated races. Forms one bet. Pool-based payouts offer substantial rewards for correctly predicting all winners. Total▸ 1 bet.

Discover Tote Jackpot pool betting via the official guide. Learn strategies for selecting six winning horses for big payouts.

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Tote Placepot /PPot

A Tote Placepot requires six selections to place in each of six designated races. Forms one bet. Pool-based payouts reward predicting placed horses ~ less risky than Jackpot. Total▸ 1 bet.

Learn about Tote Placepot pool betting with the official guide. Understand how to pick six placed horses for solid returns.

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Tote Quadpot /QPot

A Tote Quadpot requires four selections to place in the last four Placepot races at a meeting. Forms one bet. Pool-based payouts reward placed horses. Total▸ 1 bet.

Explore Tote Quadpot pool betting via the official guide. Learn to select four placed horses for potential rewards.

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Tote Scoop6 /S6

A Tote Scoop6 requires six selections to win or place in six nominated televised races. Forms one bet. Pool-based payouts offer high rewards for correct predictions. Total▸ 1 bet.

Discover Tote Scoop6 pool betting with the official guide. Learn strategies for picking six horses to win or place.

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Ladbrokes Betting Slip With £8 Combination Tricast Instructions

How Many Selections In A Particular Bet type?


What Bets Are Available For My Selection Amount?

  • 3 selection bet▸ treble▸ trixie▸ patent▸ (15 bet types are available for 3 selections)
  • 4 selection bet▸ yankee▸ lucky 15▸ a flag▸ (13 bet types are available for 4 selections)
  • 5 selection bet▸ super yankee▸ lucky 31▸ fido▸ (6 bet types are available for 5 selections)
  • 6 selection bet▸ heinz▸ lucky 63▸ tote jackpot▸ (9 bet types are available for 6 selections)
  • 7 selection bet▸ super heinz▸ magnificent 7▸ sundial▸ (3 bet types are available for 7 selections)
  • 8 selection bet▸ goliath▸ (1 bet type is available for 8 selections)
  • 9 selection bet▸ union jack trebles▸ union jack patent▸ bookies nightmare▸ (3 bet types are available for 9 selections)

Betting Instructions For Betting Shops

  • Write down your selections
  • Look at the chart below.
  • See what bet type matches your selection amount using the table above
  • Find how many bets it perms up to using the table above
  • Write down the bet name on your betting slip
  • Hand it over to the betting shop cashier

Betting Instructions For Online Bookmakers

  • Write down your selections
  • Look at the chart below.
  • See what bet type matches your selection amount using the table above
  • Find how many bets it perms up to using the table above
  • Choose your selections
  • Choose the BET TYPE carefully in the bookmakers software
  • For more obscure bet types below, not listed in the software, you'll have to call customer services

caricature of a funny woman holding a fivespot betting slip

Obscure Bet Types Accepted In UK Betting Shops

CLICK▼ [ for further info click on the bet of your choice ]
ABC Roll Up 3 selections = 1 Trixie + 1 Roundabout (3 + 4 = 7 bets)
Alphabet 6 selections = 2 Patents ~ 1 Yankee ~ + 1 Accumulator (7 + 7 + 11 + 1 = 26 bets)
Arkle 4 selections = 4 Patents + Each Way Accumulator (7 + 7 + 7 + 7 + 2 = 30 bets)
Banko 3 selections = 1 Trixie + 1 Roundabout (3 + 4 = 7 bets)
Blanket Yankee 4 selections = Flag + Singles (23 + 4 = 27 bets)
Bookies Nightmare 9 selections = 2 Patents ~ 1 Round Robin ~ 2 Yankees ~ + 1 Accumulator (7 + 7 + 10 + 11 + 11 + 1 = 47 bets)
Comedy 3 selections = 1 Round Robin + 1 Roundabout (10 + 3 = 13 bets)
Double Lap Any number of selections = Single Any to Come + Single on next selection at double stakes (bets = selections)
Dundee Shuffle 4 selections = 4 Singles + half stake Trixie ~ 6 Dbles ~ 4 Tbles ~ each way Acca (16 bets)
Equally Divided An each way bet where winnings are equally divided (win/place)
Fido 5 selections = 10 Doubles + 10 Trebles (10 + 10 = 20 bets)
Fivespot 5 selections = 5 Singles + 4 Doubles + 3 Trebles + 2 Fourfolds + 1 Acca (15 bets)
Gyroscope 5 selections = 10 Doubles Any to Come + Treble on other 3 selections (10 bets)
If Lose /Stop At Winner Any number of selections = Conditional bet ~ next part only if previous loses
Liverpool Round the Clock 3 selections = Roundabout + Trixie + 3 Double Stakes About bets (3 + 4 + 6 = 13 bets)
Magnificent 7 7 selections = 7 Singles + 6 Doubles + 5 Trebles + 4 Fourfolds + 3 Fivefolds + 2 Sixfolds + 1 Acca (27 bets)
Mix 4 selections = Yankee + Accumulator (11 + 1 = 12 bets)
Perm Patent 4 selections = 4 Patents (7 + 7 + 7 + 7 = 28 bets)
Perm Round Robin 4 selections = 4 Round Robins (10 + 10 + 10 + 10 = 40 bets)
Perm Yankee 5 selections = 5 Yankees (11 + 11 + 11 + 11 + 11 = 55 bets)
Poly 6 selections = 5 Consecutive Doubles ~ 4 Non-consecutive Trebles ~ 1 Four-time Acca (5 + 4 + 1 = 10 bets)
Pontoon 6 selections = 6 Singles + 5 Doubles + 4 Trebles + 3 Fourfolds + 2 Fivefolds + 1 Acca (21 bets)
Roll Up 3 selections = 1 Patent + 1 Place Treble (7 + 1 = 8 bets)
Roundabout 3 selections = 3 Singles Any to Come + Double at twice the stake on the other two (3 bets)
Rounder 3 selections = 3 Singles Any to Come + Double at same stake on the other two (3 bets)
Round the Clock 3 or more selections = Singles Any to Come + Single on each other selection (bets = selections)
Seven Ways Bet Same as a Patent (3 selections ~ 7 bets)
Single Lap Any number of selections = Single Any to Come + Single on next selection at same stake (bets = selections)
Sitter 4 or more selections = Doubles and Trebles (4 selections = 6 Dbles + 4 Tbles = 10 bets)
Special Place Betting Bet on a horse to be placed in a race (does not have to win)
Stop at Winner /If Lose Same outcome as If Lose
Sundial 7 selections = 1 Patent (1 ~2 ~3) + 1 Yankee (4 ~5 ~6 ~7) (7 + 11 = 18 bets)
Trainer’s Selected Trainer’s horse with shortest price in a race with multiple entries
Triple Yankee 6 selections = 3 Yankees (1 ~2 ~3 ~4; 3 ~4 ~5 ~6; 1 ~2 ~5 ~6) (11 + 11 + 11 = 33 bets)
Twist Same as Patent (3 selections ~ 7 bets)
Yap 4 selections = 1 Yankee + 4 Singles (11 + 4 = 15 bets)
OBSCURE BETS VAULT

Obscure Bet Types Details

ABC Roll Up

An ABC Roll Up uses three selections for seven bets▸ one Trixie (three doubles ~ one treble) and one Roundabout (three singles any-to-come ~ double on others). Two wins yield a return. Total▸ 7 bets.

Calculate ABC Roll Up returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set three selections ~ apply Each Way or Rule 4 ~ and input stake.

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Alphabet

An Alphabet bet uses six selections for 26 bets▸ two Patents (selections 1-3 ~ 4-6; three singles ~ three doubles ~ one treble each) ~ one Yankee (selections 2-5) ~ and one accumulator. Total▸ 26 bets.

Explore Alphabet bet payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm six selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Arkle

An Arkle bet uses four selections for 30 bets▸ four Patents (each with three singles ~ three doubles ~ one treble) and one each-way accumulator (two bets). One win gets you a return. Total▸ 30 bets.

Simulate Arkle bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set four selections ~ add Each Way or Rule 4 ~ and input stake.

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Banko

A Banko bet uses three selections for seven bets▸ one Trixie (three doubles ~ one treble) and one Roundabout (three singles any-to-come ~ double on others). Two wins yield a return. Total▸ 7 bets.

Calculate Banko bet payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm three selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Blanket Yankee

A Blanket Yankee uses four selections for 27 bets▸ one Flag (six doubles ~ four trebles ~ one fourfold ~ six up-and-down pairs) plus four singles. One win gets you a return. Total▸ 27 bets.

Explore Blanket Yankee returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set four selections ~ enable Each Way or Rule 4 ~ and input stake.

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Bookies Nightmare

A Bookies Nightmare uses nine selections for 47 bets▸ two Patents (1-3 ~ 7-9) ~ one Round Robin (4-5-6) ~ two Yankees (1-2-3-4 ~ 6-7-8-9) ~ and one accumulator. One win gets you a return. Total▸ 47 bets.

Simulate Bookies Nightmare payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ confirm nine selections ~ add Each Way or Rule 4 ~ and enter stake.

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Comedy

A Comedy bet uses three selections for 13 bets▸ one Round Robin (three up-and-down pairs ~ three doubles ~ one treble) and one Roundabout (three singles any-to-come ~ double on others). Total▸ 13 bets.

Calculate Comedy bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set three selections ~ apply Each Way or Rule 4 ~ and input stake.

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Double Lap

A Double Lap uses any number of selections ~ each forming one bet: a single any-to-come plus a single on the next selection at double stakes. Number of bets equals selections. Total▸ variable bets.

Explore Double Lap payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Dundee Shuffle

A Dundee Shuffle uses four selections for 16 bets▸ four full-stake singles ~ one half-stake Trixie (three doubles ~ one treble) ~ six half-stake doubles ~ four half-stake trebles ~ and one half-stake each-way accumulator. Total▸ 16 bets.

Simulate Dundee Shuffle returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm four selections ~ add Each Way or Rule 4 ~ and input stake.

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Equally Divided

An Equally Divided bet is an each-way bet where winnings are split evenly between win and place outcomes. One selection forms one bet. Returns depend on the horse placing or winning. Total▸ 1 bet.

Calculate Equally Divided returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ enable Each Way ~ apply Rule 4 if needed ~ and input stake.

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Fido

A Fido bet uses five selections for 20 bets▸ 10 doubles and 10 trebles. Two or more winning selections yield a return. Focuses on doubles and trebles for moderate coverage. Total▸ 20 bets.

Explore Fido bet payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm five selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Fivespot

A Fivespot uses five selections for 15 bets▸ five singles ~ four doubles ~ three trebles ~ two fourfolds ~ and one accumulator. One win gets you a return. Balances coverage and stake. Total▸ 15 bets.

Simulate Fivespot returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set five selections ~ apply Each Way or Rule 4 ~ and input stake.

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Gyroscope

A Gyroscope bet uses five selections for 10 bets▸ 10 doubles any-to-come ~ each paired with a treble on the other three selections. Two wins yield a return. Total▸ 10 bets.

Calculate Gyroscope payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ confirm five selections ~ add Each Way or Rule 4 ~ and enter stake.

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If Lose /Stop At Winner

An If Lose bet uses any number of selections ~ each forming one conditional bet. The next bet is placed only if the previous selection loses ~ stopping at a winner. Total▸ variable bets.

No specific calculator for If Lose bets due to their conditional nature. Visit the Bet Calculator Homepage to explore tools for similar betting options.

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Liverpool Round the Clock

A Liverpool Round the Clock uses three selections for 13 bets▸ one Roundabout (three singles any-to-come ~ double on others) ~ one Trixie (three doubles ~ one treble) ~ and three double-stakes-about bets. Total▸ 13 bets.

Simulate Liverpool Round the Clock returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set three selections ~ apply Each Way or Rule 4 ~ and input stake.

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Magnificent 7

A Magnificent 7 uses seven selections for 27 bets▸ seven singles ~ six doubles ~ five trebles ~ four fourfolds ~ three fivefolds ~ two sixfolds ~ and one accumulator. One win gets you a return. Total▸ 27 bets.

Explore Magnificent 7 payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm seven selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Mix

A Mix bet uses four selections for 12 bets▸ one Yankee (six doubles ~ four trebles ~ one accumulator) and one additional accumulator. Two or more wins yield a return. Total▸ 12 bets.

Calculate Mix bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set four selections ~ apply Each Way or Rule 4 ~ and input stake.

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Perm Patent

A Perm Patent uses four selections for 28 bets▸ four Patents ~ each with three singles ~ three doubles ~ and one treble. One win gets you a return. High coverage ~ high stake. Total▸ 28 bets.

Explore Perm Patent returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set four selections ~ enable Each Way or Rule 4 ~ and input stake.

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Perm Round Robin

A Perm Round Robin uses four selections for 40 bets▸ four Round Robins ~ each with three up-and-down pairs ~ three doubles ~ and one treble. Two wins yield a return. Total▸ 40 bets.

Simulate Perm Round Robin payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm four selections ~ add Each Way or Rule 4 ~ and enter stake.

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Perm Yankee

A Perm Yankee uses five selections for 55 bets▸ five Yankees ~ each with six doubles ~ four trebles ~ and one accumulator. Two or more wins yield a return. Total▸ 55 bets.

Calculate Perm Yankee returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set five selections ~ apply Each Way or Rule 4 ~ and input stake.

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Poly

A Poly bet uses six selections for 10 bets▸ five consecutive doubles (1-2 ~ 2-3 ~ 3-4 ~ 4-5 ~ 5-6) ~ four non-consecutive trebles (1-3-5 ~ 1-4-6 ~ 1-3-6 ~ 2-4-6) ~ and one fourfold accumulator. Total▸ 10 bets.

Explore Poly bet payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm six selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Pontoon

A Pontoon bet uses six selections for 21 bets▸ six singles ~ five doubles ~ four trebles ~ three fourfolds ~ two fivefolds ~ and one accumulator. One win gets you a return. Broad coverage. Total▸ 21 bets.

Simulate Pontoon returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set six selections ~ apply Each Way or Rule 4 ~ and input stake.

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Roll Up

A Roll Up bet uses three selections for eight bets▸ one Patent (three singles ~ three doubles ~ one treble) and one place treble. One win or place gets you a return. Total▸ 8 bets.

Calculate Roll Up payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ confirm three selections ~ add Each Way or Rule 4 ~ and enter stake.

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Roundabout

A Roundabout bet uses three selections for three bets▸ three singles any-to-come ~ each paired with a double on the other two selections at twice the stake. One win gets you a return. Total▸ 3 bets.

Explore Roundabout returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ set three selections ~ enable Each Way or Rule 4 ~ and input stake.

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Rounder

A Rounder bet uses three selections for three bets▸ three singles any-to-come ~ each paired with a double on the other two selections at the same stake. One win gets you a return. Total▸ 3 bets.

Simulate Rounder payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm three selections ~ add Each Way or Rule 4 ~ and enter stake.

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Round the Clock

A Round the Clock bet uses three or more selections ~ each forming one bet: a single any-to-come plus a single on each other selection. Number of bets equals selections. Total▸ variable bets.

Calculate Round the Clock returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set selections ~ apply Each Way or Rule 4 ~ and input stake.

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Seven Ways Bet

A Seven Ways Bet is identical to a Patent ~ using three selections for seven bets▸ three singles ~ three doubles ~ and one treble. One win gets you a return. Total▸ 7 bets.

Explore Seven Ways Bet payouts with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm three selections ~ enable Each Way or Rule 4 ~ and enter stake.

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Single Lap

A Single Lap uses any number of selections ~ each forming one bet: a single any-to-come plus a single on the next selection at the same stake. Number of bets equals selections. Total▸ variable bets.

Simulate Single Lap returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set selections ~ add Each Way or Rule 4 ~ and input stake.

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Sitter

A Sitter bet uses four or more selections for doubles and trebles. For four selections: six doubles ~ four trebles (10 bets). For five: 10 doubles ~ 10 trebles (20 bets). Total▸ variable bets.

Calculate Sitter payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set four or more selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Special Place Betting

Special Place Betting involves one selection to place in a race ~ forming one bet. The horse must place (not win) for a return. Simple ~ lower-risk bet. Total▸ 1 bet.

#note: Vast amount of bookmakers refuse this bet nowadays. Scared of the bet. Small, proper independent bookies may take the occasional place bet only ~ upon request.

Bookmakers nowadays don't take gambles. If they could make you play slots all day, they would drop all horse racing in a heartbeat.

Explore Special Place Betting returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ enable Each Way ~ apply Rule 4 if needed ~ and input stake.

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Stop at Winner /If Lose

A Stop at Winner bet is identical to If Lose ~ using any number of selections. Each forms a conditional bet ~ placed only if the previous selection loses. Total▸ variable bets.

No specific calculator for Stop at Winner bets due to their conditional nature. Visit the Bet Calculator Homepage to explore tools for similar betting options.

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Sundial

A Sundial bet uses seven selections for 18 bets▸ one Patent (selections 1-3; three singles ~ three doubles ~ one treble) and one Yankee (selections 4-7; six doubles ~ four trebles ~ one accumulator). Total▸ 18 bets.

Simulate Sundial returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ confirm seven selections ~ apply Each Way or Rule 4 ~ and input stake.

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Trainer’s Selected

Trainer’s Selected bets on the horse with the shortest price from a trainer’s multiple entries in a race. Forms one bet. Returns if the selected horse wins. Total▸ 1 bet.

No specific calculator for Trainer’s Selected is needed. It's a win single, so the win single calculator is the one you want.

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Triple Yankee

A Triple Yankee uses six selections for 33 bets▸ three Yankees (selections 1-2-3-4 ~ 3-4-5-6 ~ 1-2-5-6; each with six doubles ~ four trebles ~ one accumulator). Two wins yield a return. Total▸ 33 bets.

Calculate Triple Yankee payouts using UK fractional ~ EU decimal ~ or USA moneyline odds. Select odds format ~ set six selections ~ enable Each Way or Rule 4 ~ and input stake.

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Twist

A Twist bet is identical to a Patent ~ using three selections for seven bets▸ three singles ~ three doubles ~ and one treble. One win gets you a return. Total▸ 7 bets.

Explore Twist bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Pick odds format ~ confirm three selections ~ apply Each Way or Rule 4 ~ and enter stake.

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Yap

A Yap bet uses four selections for 15 bets▸ one Yankee (six doubles ~ four trebles ~ one accumulator) plus four singles. One win gets you a return. Balanced coverage. Total▸ 15 bets.

Simulate Yap bet returns with UK fractional ~ EU decimal ~ or USA moneyline odds. Choose odds format ~ set four selections ~ enable Each Way or Rule 4 ~ and input stake.

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Caricature of international gamblers

International Betting Odds Types

Betting odds vary greatly around the world depending on region and format. Whether you're backing a horse in the UK ~ a basketball team in the US ~ taking a punt in Asia ~ understanding these odds formats helps you know what you’ll maybe win ~ plus what you’ll have to risk in the way of a stake to win it.

Odds Type▾
Common Regions ~ Countries▾
Info ~ Notes▾
Fractional Odds▸
UK▸ Ireland▸ India▸ South Africa
Shows profit relative to stake▸ 5/1 means win 5 units profit for every 1 staked.
Decimal Odds▸
Europe▸ Australia▸ Canada▸ New Zealand▸ Online Sportsbooks Worldwide
Total payout including stake▸ 6.00 means 6 times stake returned.
Moneyline▸
United States▸ Canada▸ Asia
Positive for underdogs▸ Negative for favourites. Shows profit or stake needed to win $100.
Wholesale Odds▸
Betting Exchanges▸ Professional Gamblers Worldwide
True odds without bookmaker margin▸ Used for value betting.

The six most common types of betting odds worldwide. Visual comparison table using a £10 stake.

📊 Odds Comparison Table (£10 Stake)

Odds Type▾ 1/2▾ (odds on) Evens▾ (1/1) 2/1▾ (odds against)
Fraction (UK) Win▸ £5
Total▸ £15
Win▸ £10
Total▸ £20
Win▸ £20
Total▸ £30
Decimal (EU) 1.50 → £15 2.00 → £20 3.00 → £30
America (US) -200 → £5 profit +100 → £10 profit +200 → £20 profit
Hong Kong (HK) 0.50 → £5 profit 1.00 → £10 profit 2.00 → £20 profit
Malay (MY) -2.00 → £5 profit 1.00 → £10 profit 2.00 → £20 profit
Indo (ID) -2.00 → £5 profit 1.00 → £10 profit 2.00 → £20 profit
United Kingdom Odds (Fractional)

Fractional odds are standard in the UK and show your potential profit relative to your stake.

Example: 2/1 means you win £2 profit for every £1 staked.

OddsStakeProfitTotal Return
1/2£10£5£15
1/1 (Evens)£10£10£20
2/1£10£20£30
European Odds (EU Decimal)

Decimal odds are used throughout Europe and include the stake in the total return.

Formula: Stake × Decimal Odds = Total Return

OddsStakeTotal Return
1.50£10£15
2.00£10£20
3.00£10£30
American Odds (US Moneyline)

Used in the US, American odds use + for underdogs and - for favourites.

OddsBet RequiredProfitTotal Return
-200£20£10£30
+100£10£10£20
+200£10£20£30
Hong Kong Odds (HK Decimal)

Similar to decimal odds but show profit only, not total return.

OddsStakeProfitTotal Return
0.50£10£5£15
1.00£10£10£20
2.00£10£20£30
Malaysian Odds (Malay Moneyline)

Use positive values for underdogs and negative for favourites.

OddsStakeProfitTotal Return
-2.00£20£10£30
1.00£10£10£20
2.00£10£20£30
Indonesian Odds (Indo Moneyline)

Derived from American odds, but divided by 100 to show in decimal form.

OddsStakeProfitTotal Return
-2.00£20£10£30
1.00£10£10£20
2.00£10£20£30

Permutation Betting Explained For Beginners

#page description: the aim of this page ~ is to simply explain ~ to beginner gamblers ~ in as few words as possible ~ the many names of the different bet types accepted at UK betting shops ~ from the well known bets to the obscure.

#betting note: these bets are an edited copy of accepted wager types mostly taken by Chisholm's Bookmakers and generally across betting shops up and down the UK.

#EW betting note: many of these bets are available to back each way and all ways betting ~ which increases the bet permutations count ~ therefore financial outlay substantially in some wagers ~ even to small stakes.

#video note: Bob's betting videos are classed as ASMR videos (autonomous sensory meridian response) due to his excellent ~ calming ~ descriptive style.

#blog post word count: 6,650

#page last update: Sat June 21 2025



Related Page: Beginners Guide To UK Betting Terminology ➔

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Common Bet Types Accepted In The USA

There are various types of bets commonly accepted in the USA, especially with the legalization of sports betting in multiple states. While the list can vary by state and sportsbook, here are some of the most popular bet types you'll find in the US:

### 1. **Moneyline Bet**
- **Description**: A simple bet on which team or player will win a game or match.
- **Example**: You place a bet on the New York Knicks to win a game against the Los Angeles Lakers.

### 2. **Point Spread Bet**
- **Description**: The favorite team has to win by a certain number of points, while the underdog can either win outright or lose by fewer points than the spread.
- **Example**: The spread might be -3 for the favorite, meaning they need to win by at least 3 points for your bet to win.

### 3. **Over/Under (Total) Bet**
- **Description**: You bet on whether the total points scored in a game will be over or under a set number.
- **Example**: Over/Under 50 total points in a football game.

### 4. **Parlay Bet**
- **Description**: A bet that combines two or more individual bets into one. All parts of the bet must win for the parlay to payout, but the odds are multiplied.
- **Example**: Betting on both the New England Patriots and the Chicago Cubs to win their games on the same day.

Anonymous AI @ 8:03 pm, February 10, 2025  

### 5. **Teaser Bet**
- **Description**: Similar to a parlay, but allows you to adjust the point spread in your favor, usually by 6, 6.5, or 7 points.
- **Example**: In an NFL game, you could adjust the point spread of two games by 6 points to increase your chances of winning.

### 6. **Futures Bet**
- **Description**: A bet placed on an outcome that will be decided in the future, such as who will win a championship or a league MVP.
- **Example**: Betting on a team to win the Super Bowl before the season starts.

### 7. **Prop Bet (Proposition Bet)**
- **Description**: A bet placed on specific events or outcomes within a game, not necessarily tied to the final result.
- **Example**: Betting on how many total yards a player will rush for or if a player will score a touchdown.

### 8. **In-Play or Live Betting**
- **Description**: Betting on a game or event while it's happening, with odds that change in real-time based on the action.
- **Example**: Placing a bet on the next team to score or whether a certain player will hit a home run during a baseball game.

### 9. **Round Robin Bet**
- **Description**: A way to place multiple parlays at once. You select a set of teams, and the sportsbook will create multiple parlays from those teams.
- **Example**: If you choose three teams, a round robin will create three two-team parlays.

### 10. **If Bet**
- **Description**: A bet where you place one wager, but it’s contingent upon the outcome of the first bet. You can place an "if bet" across multiple games.
- **Example**: You bet on the Patriots to win, and if they win, you place a second bet on the Lakers to win their game.

Anonymous AI @ 8:04 pm, February 10, 2025  

### 11. **Alternate Lines**
- **Description**: An adjusted version of the point spread, total, or moneyline bet with different odds. You can adjust the spread or total for better odds or easier outcomes.
- **Example**: You could take the point spread at -4 for the favorite instead of -7, but the odds will be adjusted.

### 12. **Accumulator Bet**
- **Description**: A series of bets that are linked together, similar to a parlay. Each leg of the accumulator needs to win for the bet to pay out.
- **Example**: Betting on multiple sports events across different leagues, like the NFL, NBA, and Premier League.

### 13. **Head-to-Head Bet**
- **Description**: A bet that focuses on a specific match-up between two players or teams, often used in golf, NASCAR, or other sports with individual participants.
- **Example**: Betting on which golfer will have a better score between two selected players in a tournament.

### 14. **Asian Handicap**
- **Description**: A form of betting where the favorite is given a "handicap" to level the playing field, used mostly for soccer.
- **Example**: A team with a -1.5 handicap means they need to win by at least 2 goals for you to win your bet.

### 15. **Live Props**
- **Description**: Similar to regular prop bets, but placed during the game as events unfold.
- **Example**: Betting on whether the next player to score a goal in a soccer game will be the striker or midfielder.

The betting landscape in the US is growing, with different states having varying rules, especially with new betting markets opening after the repeal of PASPA in 2018 | (PDF FILE).

Keep in mind that some bet types, like "teasers" and "futures," can be offered more widely in certain markets than others.

Anonymous AI @ 8:06 pm, February 10, 2025  

Most Well Known and Popular Betting Shop and Gambling Wager Accepters In the UK according to Yougov >>

key: | position | name | brand recognition % | and current popularity % |
1. National Lottery, 98%, 58%
2. EuroMillions, 94%, 47%
3. People's Postcode Lottery, 96%, 41%
4. The Health Lottery, 87%, 39%
5. Mecca Bingo, 89%, 31%
6. Bet365, 92%, 30%
7. Paddy Power, 89%, 30%
8. William Hill, 93%, 29%
9. Betfair, 80%, 29%
10. Scratchcards, 83%, 27%
11. Ladbrokes, 95%, 26%
12. Coral, 89%, 24%
13. Virgin Games, 64%, 23%
14. Sun Bingo, 72%, 22%
15. SkyBet, 89%, 22%
16. Betway, 68%, 22%
17. Buzz Bingo, 48%, 21%
18. Omaze, 63%, 21%
19. SkyVegas, 74%, 20%
20. Boylesports, 36%, 19%
21. Betfred, 87%, 19%
22. Grosvenor Casinos, 59%, 18%
23. Gala Bingo, 87%, 17%
24. Tombola, 73%, 17%
25. 888 Ladies Bingo, 58%, 17%
26. Betsafe, 47%, 17%
27. PokerStars, 53%, 16%
28. Foxy Bingo, 81%, 16%
29. Set For Life, 36%, 16%
30. Virgin Bet, 53%, 16%
31. William Hill Vegas, 76%, 16%
32. Jennings Bet, 31%, 15%
33. ToteSport, 37%, 15%
34. BetStars, 38%, 14%
35. The Sun Vegas, 46%, 14%
36. BOTB, 31%, 14%
37. BetVictor, 49%, 14%
38. bgo, 27%, 14%
39. Gala Casinos, 60%, 13%
40. Mr Green, 32%, 12%
41. 188Bet, 50%, 12%
42. LiveScore Bet, 39%, 12%
43. Dream Vegas, 28%, 12%
44. Jackpotjoy, 43%, 12%
45. Lottoland, 39%, 11%
46. 888, 56%, 11%
47. Happy Tiger, 32%, 11%
48. bwin, 31%, 11%
49. PlayOJO Casino, 44%, 11%
50. Pizazz Bingo, 19%, 11%
51. Magical Vegas, 23%, 11%
52. MaskedSinger Casino, 28%, 10%
53. BetMGM, 37%, 10%
54. Dafabet, 37%, 10%
55. Oddschecker, 21%, 10%
56. LeoVegas, 23%, 10%
57. Unibet, 47%, 9%
58. Casino Joy, 35%, 9%
59. Jackpot Village, 21%, 9%
60. SportPesa, 21%, 9%
61. Casino Gods, 26%, 8%
62. 32Red, 41%, 8%
63. Casoola Casino, 23%, 7%
64. Party Poker, 24%, 7%
65. CasinoLab, 24%, 7%
66. Kwiff, 13%, 7%
67. Genesis Casino, 20%, 6%
68. M88 / Mansion, 12%, 5%

Blogger Sandracer @ 12:39 am, February 15, 2025  

The Origins Of Betting Mediums

1] Fractional Odds (Great Britain Odds Medium)
Origin▸

Originated in British horse racing and traditional betting shops.
The fractional format reflects how early bookmakers calculated and communicated winnings relative to the stake.

Why Fractional▸
Fractions are a natural fit for expressing ratios of profit to stake — for example, "5/1" means 5 units won for every 1 unit staked.

Who Originated▸
Not a single person but evolved organically in British gambling culture, especially from the 18th century onwards with the rise of horse racing betting.

Historical Note▸
Fractional odds were practical in a time when people often bet with physical coins and the math was done by hand.

2] Decimal Odds (European Odds Medium)
Origin▸
First popularized in Europe in the 20th century, especially in countries like France and Germany.

Why Decimal▸
Decimal odds simplify calculations by showing total returns (stake + profit) in a single number, making it easier for bettors to understand and calculate payouts quickly.

Who Originated▸
Likely evolved with the rise of modern European bookmakers and state lotteries, aiming for clarity and speed in a growing betting market.

Historical Note▸
Became standard in European betting exchanges and sportsbooks.

3] Moneyline Odds (American Odds Medium)
Origin
Developed in the United States in the 20th century alongside the professionalization of sports betting, especially on baseball, football, and basketball.

Why Positive and Negative▸
To clearly indicate favorites and underdogs: negative numbers show how much you must bet to win $100 (the favorite), and positive numbers show how much you win on a $100 bet (the underdog).

Who originated▸
Probably early American bookmakers and sports gambling syndicates seeking a simple way to represent odds that aligned with the American mindset of "betting to win $100."

Historical Note▸
This style became deeply embedded in American sports betting culture and regulations.

4] Wholesale Odds (General Odds Medium)
Origin▸
Not really a named odds format but a concept of “true” or “fair” odds without the bookmaker’s margin (also called “vig” or “juice”).

Why Wholesale▸
The term “wholesale” is used metaphorically to mean the base or raw odds before the bookmaker marks up the price to guarantee profit.

Who Originated▸
It’s more a modern betting concept arising from the rise of betting exchanges like Betfair in the early 2000s, where players can bet against each other at “fair” odds.

Historical Note▸
\\^ Important for professional gamblers looking for value bets and market efficiency.

Overall Viewpoint▸
\\^ Most odds formats developed organically in their respective regions to fit the needs of local bettors and bookmakers.

\\^ They reflect both cultural preferences (fractions in UK vs decimals in Europe) and practical needs (moneyline clarity in the US).

\\^ None have a single named inventor but grew out of historical gambling practices.

Blogger Sandracer @ 6:32 pm, May 22, 2025  

Other Betting Mediums From Around The World
ASIA

5] Hong Kong Odds (HK Decimal Medium)
Origin▸
Originated in Hong Kong, a major hub for horse racing and sports betting in Asia, particularly in the 20th century through the influence of the Hong Kong Jockey Club, one of the oldest and largest betting organizations in the world.

Why HK Decimal▸
Hong Kong odds are a simplified decimal format showing only the profit relative to a unit stake (e.g., 0.80 means a $1 bet wins $0.80 profit, excluding the returned stake). This makes calculations straightforward, especially for Asian bettors accustomed to quick mental math in fast-paced betting environments.

Who Originated▸
No single individual, but the Hong Kong Jockey Club and local bookmakers standardized this format to cater to the region’s betting culture, which prioritized simplicity and clarity in horse racing and soccer betting markets.

Historical Note▸
Hong Kong odds gained popularity in Asia due to their ease of use compared to fractional odds and their alignment with decimal-based systems in Asian financial markets. They are widely used in Hong Kong, China, and parts of Southeast Asia.

6] Malaysian Odds (Malay Moneyline Medium)
Origin▸
Developed in Malaysia, where sports betting, particularly on soccer, became prevalent in the late 20th century. The format emerged in the context of informal and regulated betting markets in Southeast Asia.

Why Malay▸
Malaysian odds use a positive/negative structure similar to American moneyline odds but are scaled to a unit of 1.0. Positive odds (e.g., 0.75) show the profit for a 1-unit bet, while negative odds (e.g., -0.75) show how much you need to bet to win 1 unit. This format is intuitive for bettors distinguishing between favorites and underdogs in soccer-heavy markets.

Who Originated▸
Likely developed by local Malaysian bookmakers to suit the preferences of Southeast Asian bettors, particularly for soccer betting, which dominates the region’s gambling culture.

Historical Note▸
Malaysian odds are popular in Malaysia and neighboring countries due to their simplicity and compatibility with Asian betting habits, where bettors often focus on low-stake, high-frequency wagers.

7] Indonesian Odds (Indo Moneyline Medium)
Origin▸
Emerged in Indonesia, another soccer-crazy nation, in the late 20th century, primarily in informal betting markets and later in regulated online sportsbooks catering to Southeast Asian bettors.

Why Indo▸
Indonesian odds are similar to Malaysian odds but use a decimal-based moneyline system tailored to local preferences. Positive odds (e.g., 1.50) indicate the profit for a 1-unit bet, while negative odds (e.g., -1.50) show the stake needed to win 1 unit. This format is designed for quick understanding in fast-moving betting markets like soccer and basketball.

Who Originated▸
No single inventor, but the format likely evolved from local bookmakers and betting syndicates in Indonesia, influenced by the region’s preference for decimal-based systems and the need to differentiate favorites and underdogs clearly.

Historical Note▸
Indonesian odds are widely used in Indonesia and parts of Southeast Asia, particularly in online betting platforms, due to their alignment with local betting culture and the popularity of soccer betting. They are less common globally but are a staple in regional markets.

Overall Viewpoint▸
The addition of Hong Kong, Malaysian, and Indonesian odds highlights the diversity of betting mediums shaped by regional cultures and betting priorities, particularly in Asia, where soccer and horse racing dominate.

Like other odds formats, these Asian mediums evolved organically through local bookmakers and betting institutions, adapting to the practical needs of their markets and the cultural context of gambling in each region.

Blogger Sandracer @ 6:39 pm, May 22, 2025  

Other Notable Regional Betting Trends
Japan▸ Beyond tote betting, Japan has a unique betting culture around Keirin (cycle racing), where pari-mutuel systems dominate, and odds are displayed in decimal-like formats tailored to the local market. Betting is state-controlled and highly regulated.

Africa▸ In countries like Nigeria and Kenya, mobile-based betting platforms (e.g., Bet9ja, SportPesa) use decimal odds almost exclusively due to their simplicity for online and SMS-based betting, reflecting the region’s rapid adoption of mobile technology.

South America▸ Countries like Brazil and Argentina favor decimal odds, aligning with European influences, but informal betting markets (e.g., street bookmakers) sometimes use simplified verbal odds (e.g., “pays double your stake”).

Middle East▸ Betting is heavily restricted due to cultural and legal factors, but underground markets in some regions use verbal or percentage-based odds for soccer, often bypassing formal odds formats due to secrecy.

Overall Insights▸

Cultural Influence▸ Betting mediums reflect local mathematical traditions (e.g., decimals in Europe and Asia, fractions in the UK) and the dominant sports in each region (soccer in Asia, horse racing in Japan, American football in the US).

Technology’s Role▸ The rise of online betting platforms and exchanges (e.g., Bet365, Betfair) has popularized decimal odds globally and introduced concepts like implied probability and wholesale odds for professional bettors.

No Single Inventor▸ Most odds formats and betting systems evolved organically through bookmaker practices, regional preferences, and technological advancements, rather than being created by a single individual.

Blogger Sandracer @ 6:49 pm, May 22, 2025  

Additional Betting Odds Formats

8] Implied Probability Odds
Common Regions ~ Countries▸ Global, particularly among professional bettors and analytical platforms (used in betting exchanges and advanced betting tools).

Info ~ Notes▸
Implied probability odds express the likelihood of an outcome as a percentage (e.g., 25% implies a 1 in 4 chance).

Not a standalone betting medium but derived from other odds formats (e.g., Decimal odds of 4.00 equate to a 25% implied probability: 1 ÷ 4.00 = 0.25).

Popular in data-driven betting communities and on platforms like Betfair or Pinnacle, where bettors assess whether odds offer value against their own probability estimates.

Origin▸ Evolved with the rise of statistical analysis in betting, particularly in the late 20th and early 21st centuries, as bettors sought to quantify bookmaker margins and market efficiency.


Regional Betting Practices and Variations

9] Tote Betting (Pari-Mutuel Betting)
Common Regions ~ Countries▸ Widespread in horse racing and greyhound racing globally, notably in Japan, Australia, France, the US, and Hong Kong.

Info ~ Notes▸
Unlike fixed odds, tote betting pools all bets together, and payouts are determined by the total pool divided among winners, after deductions for the operator.

Odds fluctuate until the event starts, reflecting the collective betting activity rather than bookmaker-set odds.

Origin▸ Originated in France in the 1860s, credited to Joseph Oller, who introduced pari-mutuel betting to horse racing to reduce bookmaker risk.

Example▸ In Japan, the Japan Racing Association (JRA) uses tote betting extensively for horse racing, with massive betting pools driving dynamic odds.


10] Asian Handicap Betting

Common Regions ~ Countries▸ Asia (especially China, Thailand, Vietnam, Singapore), increasingly popular in Europe and global online sportsbooks.

Info ~ Notes▸
Not an odds format per se but a betting market structure that eliminates the draw outcome in sports like soccer by giving one team a virtual head start (e.g., -0.5 goals or +1.5 goals).

Often expressed in decimal odds (e.g., 1.90 for a -0.5 handicap), but the focus is on leveling the playing field between teams of differing strengths.

Origin▸ Believed to have started in Indonesia in the 1990s, popularized by Asian bookmakers to cater to soccer bettors seeking balanced markets. The term “Asian Handicap” was coined by journalist Joe Saumarez Smith in 1998.

Note▸ Common in soccer-heavy regions, as it reduces risk by offering split handicaps (e.g., -0.5/-1) and refunds for certain outcomes.

11] Spread Betting

Common Regions ~ Countries▸ UK, Ireland, and to a lesser extent, the US (regulated in specific states).

Info ~ Notes▸
Bettors wager on the outcome’s margin (e.g., points in a game or goals in soccer) rather than a fixed win/loss. Payouts scale with how correct (or incorrect) the bet is.
Odds are often presented as a “spread” (e.g., “buy at 2.5 goals for £10 per goal” means you profit or lose based on the actual goal total versus the spread).

Origin▸ Originated in the UK in the 1940s for financial markets but adapted to sports betting in the 1980s by firms like IG Index and Sporting Index.

Note▸ High-risk, high-reward; popular among UK bettors for football and cricket, but heavily regulated due to potential for large losses.

Blogger Sandracer @ 6:50 pm, May 22, 2025  


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