There’s no question that betting remains central to the appeal of horse racing, and indeed, its image around the world. Major events like the Kentucky Derby, Cheltenham Festival and Prix de l’Arc de Triomphe continue to attract heavy numbers of punters who fancy their chances of correctly predicting the winner of the latest eagerly-anticipated race.
Understanding Different Types of Bets
These terms largely explain themselves - 'singles' being single bets and 'multiples' being wagers that have more than one selection in them. Accumulator bets, for example, may include as many as 15 selections to ramp up your potential winnings, but also the likelihood that your bet won't be a victorious one.
What Single Bets Can I Try?
With their relative simplicity, lower costs and higher chances of winning compared to multiples, single bets are ideal for newcomers to online sports betting. Either your bet wins and gives you a profit, or it loses and it doesn't. What could be easier to understand?
However, you may not be aware of the many forms that this type of online betting takes, such as 'head to head', which is the most common betting type and simply involves you betting on whether a fixture's outcome will be one team winning, the other team winning or (if applicable) a draw.
But 'totals' bets also exist, enabling you to bet on almost any countable statistic in a given sporting fixture such as the number of goals, points or games in a set. Then, there's the 'each way' bet, which is especially popular in horse racing and consists of two separate bets - one on your selection to win and another one to claim one of the other 'awards' places, such as second or third.
Alternatively, Jump Into The World Of Multiples
If you would like to test yourself on a multiple bet, you might first try a double bet, which consists of exactly two selections, with both selections needing to come out as winning to give you a return. So for example, you might bet on Manchester United to win one game and Norwich to win another, but both of these results will need to happen, otherwise you will lose the whole bet.
A treble bet operates on much the same principle, consisting of three bets that all need to be winning ones to bring you any profit.
Then, there are full cover bets, which consist of all possible combinations for the number of selections made. Unlike an accumulator, a full cover bet may still grant you a return even if some of your selections aren't winning, but the obvious downside is that the return won't be as great as an accumulator's if all of the bets do go in your favour.