28 Superior Types of Bets

Sports betting can range from betting on your favorite team to win to selecting the team with the best record in the league to beat the team with the worst by a margin of twelve or more points. Knowing the distinction between various types of bets is crucial to placing successful wagers. Sportsbooks provide a vast array of betting options, and it’s vital to identify the best ones for maximum profit.

For those new to sports betting, there are various ways to bet on sports besides simply wagering who will win a match. Options include futures and parlays, among others. While this may seem overwhelming, even experienced bettors may be unfamiliar with some options. However, having various betting types allows for more flexibility and potential winnings.

1. Double Bet
2. Treble Bet
3. Trixie Bet
4. Lucky 31 Bet
5. Super Yankee Bet
6. Lucky 63 Bet
7. Goliath Bet
8. Alphabet Bet
9. Double Stakes About Bet
10. Round Robin Bet
11. Flag Bet
12. Single Stakes About Bet
13. Super Heinz Bet
14. Heinz Bet
15. Canadian Bet
16. Lucky 15 Bet
17. Patent Bet
18. Accumulator Bet
19. Super Flag Bet
20. Super Heinz Flag Bet
21. Goliath Flag Bet
22. Union Jack Bet
23. Forecast Bet
24. Each-Way Bet
25. Reverse Forecast Bet
26. Match Bet Bet
27. Placepot Bet
28. Jackpot Bet

A double bet involves placing two outright/single bets and combining the odds into one. This is one of the easiest types of multiple bets for punters. It is a popular form of betting, especially during the World Cup. Both selections must be successful in winning a double bet, but the bet is lost if one or both are unsuccessful.

Placing a double bet increases your chances of winning compared to two separate single bets. However, the risk of losing is higher as both selections must be successful in receiving the payout. Double bets are commonly used in sports like football, tennis, horse racing, and rugby and can be combined to create doubles.

If you placed a double bet at each-way terms on two horses, you need both horses to win to receive the full winnings. However, if both horses place, you will receive some return.

Most sportsbooks allow you to calculate the return of a double bet using a betting calculator before placing it. You can play and place double bets at bet365, William Hill, and Paddy Power.

A treble bet is a type of multiple bet that combines three single outright selections, or “legs.” To win, all three selections must be successful. The treble bet is considered lost if even one of the three selections is unsuccessful.

A treble bet combines three events, for example, three horse races or football matches, and offers higher odds than a single or double bet. However, the increased odds come with a greater chance of losing.

To calculate a treble bet, you use the winnings from each leg as the stake for the next bet. This means the winnings from the first bet are used as the stake for the second bet, and the winnings from the second bet are used as the stake for the third bet. The outcome of the third bet then determines your potential winnings.

To calculate the odds for a treble bet on three horses with odds of 4/1, 3/1, and 2/1, add one to each odd, multiply them, and subtract one (deducting your stake).

Some sportsbook sites where you can place treble bets are Ladbrokes, Betfair, and BetVictor.

A Trixie bet involves placing four bets on three selections, with three doubles and one treble. To win this bet, the bettor must correctly predict two winning selections. If all three selections win, all four bets within the Trixie will be considered winners.

If you’re a bettor and want to place a multiple bet with more security than double and treble bets, consider a Trixie bet. This bet is similar to a treble bet, but you can still earn a return even if one of the participants you’ve bet on loses.

Different types of multiple bets offer different levels of assurance. With Yankees and Lucky 15s, bettors can combine 11 and 15 bets into one and still receive a payout if some of the selections lose. However, double and treble bets do not offer this insurance. In those bets, all selections must win to receive a payout.

For example, a bettor has three selections for a football weekend and wants to place a Trixie bet. The selections are Manchester United, with odds of 2/1 to beat Cardiff City; Newcastle United, with odds of 3/1 to beat Liverpool; and Leicester City, with odds of 4/1 to beat West Ham United.

In a Trixie bet, you choose three selections and place four bets: two double bets and one treble bet. For instance, one double bet could be that Manchester United and Newcastle United will win, and another could be that Newcastle United and Leicester City will win. The third could be a bet that Manchester United and Leicester City will win. The fourth bet is a treble bet that all three teams you have selected will win.

A Trixie bet ensures a minimum return for bettors, though it may be less than what they would win with a standard Treble bet. However, if only one selection wins, the bettor won’t receive any returns, as Trixie bets don’t include single bets. And if none of the selections win, there will be no return.

You can place Trixie bets on sportsbook sites such as William Hill, BETDAQ, and Betfair.

A Lucky 31 bet guarantees a payout if at least one of your selections is successful. The more winners you have, your returns will increase due to the doubles, trebles, fourfold, and fivefold bets. This type of bet is popular among horse racing bettors.

A Lucky 31 bet allows you to back five selections in different events you think will win. This type of bet offers the potential to win even if one or two selections do not win. Placing a Lucky 31 bet is also faster and simpler than making individual bets for all 31 possible outcomes.

The main disadvantage of a Lucky 31 bet is that all 31 bets must have the same stake, meaning it is not possible to allocate more of the total stake to bets with a higher probability of winning, such as doubles, compared to bets with a lower probability of winning, such as fivefold.

Here is how the Lucky 31 bet works. To place a Lucky 31 bet, select five different selections in different events. You then place one bet on each selection plus five more combinations of bets, including doubles, trebles, fourfolds, and a fivefold accumulator.

If your selections are successful in all your chosen events (excluding non-runners), you will receive the full winnings, less taxes, and any applicable deductions. If some of your selections are unsuccessful, you will still receive a return based on the successful selections.

You can place Lucky 31 bets with William Hill, Betfair Exchange, and Paddy Power.

A Super Yankee is a type of bet that includes five different events with five selections. It is also called a “Canadian” bet because it has one more selection than a Yankee bet. A Super Yankee has 26 bets, with combinations ranging from doubles to a five-fold accumulator. In particular, it consists of 10 doubles, ten trebles, five four-fold accumulators, and one five-fold accumulator.

A Super Yankee is like a Lucky 31 bet but doesn’t include individual single bets. If you place a £1 bet, a Super Yankee will cost you £26, which is £5 cheaper than a Lucky 31 bet which costs £31. But remember, a Super Yankee won’t give you any payout if you have only one winner, unlike a Lucky 31.

When making a Super Yankee bet with five selections, having more winners will increase your potential returns. For example, if you choose five options that are 4-1 each and two of them win while the other three lose, your return for a £1 stake (£26 in total) will be £25, resulting in a net loss of £1. If you win three bets at that price, you will get £200. Winning four bets will give you £1,275, and winning five bets will give you £7,750. These bets are most profitable when you have multiple winners, but the amount you win depends on the odds.

You can place Super Yankee bets with William Hill, Betfair Exchange, and Paddy Power.

A ‘Lucky 63’ bet is a multiple bet that includes 63 bets across six selections. This bet type consists of the following: 6 singles, 15 doubles, 20 trebles, 15 four-fold accumulators, six five-fold accumulators, and one six-fold accumulator. If at least one selection wins, then you will receive a payout. However, if all six selections win, you will receive a larger payout as all 63 individual bets within this bet type would be settled as winners.

Combination bets are a type of betting where multiple bets can be placed together. Lucky 63 bets are a specific type of combination bet with 63 different bets made from six selections. To a Lucky 63 bet, one must choose and bet on six different events from sports like horse racing, greyhound racing, rugby, or football. It’s impossible to place a Lucky 63 bet on a single event. For instance, a bettor could select six football matches over a day or weekend and make a different selection for each.

For your potential return, convert fractional odds to decimals by dividing the first number by the second and adding one. For single bets, multiply the decimal odds by your stake. For doubles, multiply the odds of both selections. For trebles, multiply the odds of all three selections. For four-folds, multiply the odds of all four selections.

For five-fold accumulators, multiply the odds of all five selections. And for six-fold accumulators, multiply the odds of all six selections.

You can place Lucky 63 bets with William Hill, 365Bet, and Paddy Power.

The Goliath bet is a type of multiple bet that involves eight different selections and a total of 247 bets. These bets include 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, eight seven-fold accumulators,, and one eight-fold accumulator. Despite having a higher stake than a regular accumulator, the Goliath bet increases the likelihood of a return.

A Goliath bet consists of 247 bets on eight different selections, meaning that a £1 win-only Goliath bet would cost £247. It’s important to note that a Goliath bet does not include single bets, and at least two of the eight selections must win for any return to be possible.

It works like this: each selection’s odds are multiplied to get the combined odd, which is then divided by the number of selections. The total stake for a Goliath bet can be worked out in two ways: multiplying the number of bets (247) by your chosen stake per individual bet or multiplying the combined odds by a single stake.

The Goliath betting strategy has two main disadvantages. Firstly, it doesn’t allow for flexible staking, where you can bet more on your confident selections and less on the tentative ones since all 247 bets have the same stake. Secondly, due to the large number of bets involved in a Goliath, you have to choose between a small unit stake, which keeps the Goliath affordable, or a larger stake that makes winning smaller multiples, like doubles and trebles, more valuable.

Some top sportsbook sites to place Goliath bets include BetWinner, SportingBet and Unibet.

The Alphabet bet combines the Yankee and Patent bet systems, resulting in 26 bets corresponding to each alphabet letter. The bet includes 2 patents (14 bets), 1 Yankee (11 bets), and a 6-fold accumulator (1 bet).

When you place an Alphabet bet, your winnings are multiplied by 26 because you’re betting on all 26 letters. For example, if you bet £2, you’re wagering £52 for all the bets. Break down the bet into each letter to make it easier to understand. This will help you realize it’s not as complicated as it seems.

To place an Alphabet bet, you must choose six selections. The first and last selections should be the ones you are least confident in, while selections two through five should be more likely to win. You can improve your chances of winning the Yankee part of the bet, which holds the most potential profits if you select six options and create individual sub-bets for each. When placing an Alphabet bet, it’s best to concentrate on a single sport and market type. Nevertheless, it’s possible to merge bets from different sports and markets.

Major sportsbook sites do not automatically detect Alphabet bets, but you can construct them using sub-bet in PaddyPower, William Hill, and Ladbrokes.

A double-stakes bet involves two selections and two separate bets. To participate, you must win the first part of the bet before being able to place cash on the second part. Although similar to a single-stakes bet, the main difference is that the stake for the second part may differ.

With this bet, you can place a second bet at double the amount of your initial stake. This means that you have the potential to earn a high return with a low-risk and low initial investment.

If you want to make a double-stakes about the bet, you first need to place a single stake on one event. Then, if you win the first event or selection, you can transfer the money and double the original stake in the second event. This type of bet is well-liked by horse racing enthusiasts and punters because it is straightforward and involves choosing between two options. Moreover, it doesn’t demand much money to partake in.

While larger multi-bets may occasionally include the double-stakes option, it is more common to encounter the single-stakes option. With this type of bet, you simply transfer the original stake to the second part instead of doubling it.

You can place double-stakes bets on sportsbook sites such as Ladbrokes, Bet365, and William Hill.

Round-robin betting is a type of multiple bet that involves three or more selections and a combination of different wagers like trebles, doubles, and singles. When placed correctly, this type of bet can potentially reward you with a higher return than an accumulator.

A round-robin bet consists of 10 separate bets that involve three selections. These include three doubles, one treble, and six singles. At least two of your selections must successfully win the round-robin bet.

When placing a Round Robin bet, it’s essential to remember that all three selections must appear in each double, treble, and single bet. This means that if you have two winners in the Round Robin bet, your return will be based on the number of doubles/trebles which involve both winning selections.

Round-robin bets can involve more than three selections, but the number of bets increases significantly as you add more. For example, a four-fold Round Robin bet consists of 24 bets, and a five-fold Round Robin bet involves 45 bets.

Sportsbook sites such as BetVictor, Coral, and BoyleSports allow customers to place multiple round-robin bets online. You should check the terms and conditions of each sportsbook site before placing your wagers.

The Flag bet is a type of bet that is similar to the Yankee bet. It involves selecting four events and placing an accumulator bet on them, just like with the Yankee bet. However, in addition to this, six single stakes are also placed on various up-and-down combinations across the four selections.

The Flag bet cannot be created by combining individual accumulator bets, as it involves up and down bets. Additionally, the odds and potential payouts for this type of bet are difficult for an amateur punter to calculate without using a Flag bet calculator.

For example, if you £2 Flag bet on four selections, it would cost you a total of £48. This is because the flag bet involves 24 final bets across the four selections.

Unlike other combination bets, flag betting is not easy to understand. You cannot simply select this option from the multiples available on your betting slip at an online bookie. Instead, you must contact your bookmaker and inquire if they can place this bet. Whether they offer custom bets or not, they may be able to do so. Some sportsbooks you can contact for such bet types include Boylesports, William Hill, and bet365.

A single-stakes about bet (SSA) is a type of multiple bet that involves two selections and two bets. Unlike the double-stake about bet, both the stakes for this type of wager are equal. The SSA bet is also similar to an each-way bet because you can place separate bets on two different events or markets. This type of bet may have different names, such as Single Stakes About Pair, Up-and-Down Bet, Any-to-Come bets, or conditional bet.

SSA work best if you have two selections that are likely to win. It is also ideal for two selections with similar odds because the possible return is higher than with a single bet on either selection. For example, if the odds are 4/1 and 5/1, a £10 bet on the SSA would return £90.

If you pick two selections with equal chances of winning, you can cover both sides of the wager with an SSA. You can place this bet at most online bookmakers, such as Paddy Power, Ladbrokes, Boylesports, and William Hill.

Super Heinz is a type of multiple bet that involves seven selections, resulting in 120 separate bets. It consists of 21 doubles, 35 trebles, 35 four-fold accumulators, 21 five-fold accumulators, seven six-folds, and one seven-fold. To win the bet, at least two selections must be profitable.

If you place this bet with a stake of £1, the total cost would be £120. The potential return from a successful Super Heinz bet depends on how many selections were profitable.

The Super Heinz is popular among punters who prefer low-risk betting because it offers an increased chance of winning compared to other multiple bets. It can also potentially give you a better return than an accumulator bet.

You’ll need to contact them to determine if the bookmaker can create a Super Heinz bet for you. It’s possible to win a Super Heinz bet with only two winning selections, but only if their double generates a payout of £121. Typically, you’ll need four or more winning selections at more modest odds to profit from your Super Heinz.

A Heinz bet is a complex bet that covers multiple events and can’t be placed on just one game or match. This type of bet is typically used in sports with events held close together, like horse and greyhound racing. Occasionally, Heinz bets may also be used across different sports.

The Heinz bet is expensive because it requires 57 bets across six events. Although it covers a wide range of possibilities, it is uncommon for a punter to win the total bet. The name “Heinz” bet refers to the Heinz brand of condiments, which once advertised “57 varieties.” Punters made a comparison to the bet, and the name stuck.

A Heinz bet consists of 57 bets of equal value placed on six different events, including 15 doubles, ten trebles, 15 four-folds, six five-folds, and one five-fold accumulator. Let’s start with a $2 bet on each of the six points mentioned to see how a Heinz bet works. This will result in a total cost of $114.

PaddyPower, William Hill, and bet365 all currently accept Heinz bets. Before you place your wager, always check each online bookmaker’s terms and conditions to ensure they support this type of bet.

The Canadian system bet, also known as the Super Yankee, comprises multiple accumulator bets. An accumulator bet combines two or more selections into a single sports bet, and you only win if all of your predictions are correct.

The Canadian betting system needs you to choose five selections. The system will then create all possible bet combinations using those selections. However, the system doesn’t include single bets that you can find in the Lucky 31 system. The Lucky 31 system consists of five selections and 31 lines of bets, including 26 accumulators and 5 single bets.

The Canadian system bet involves 26 bets in total, including ten doubles, ten trebles, five four-folds, and one five-fold. So if you place a £1 stake on the Canadian system bet, it will cost you £26.

It is possible to win the Canadian system bet with only two winning selections. However, this is rare because the odds of two successful selections are low. It is more likely to win with three or four winning selections.

You can find Canadian system bets at online bookmakers such as William Hill, BetVictor, and BetDaq.

The ‘Lucky 15’ bet involves choosing four selections and placing 15 bets on them. This bet includes four singles, six doubles, four trebles, and one four-fold accumulator. To win, the bettor needs at least one of the four selections to be a winner. The ‘Lucky 15’ is a popular multiple bet.

If you’re a bettor who wants to place multiple wagers covering various outcomes, you might want to try the Lucky 15 bet. This type of bet lets you select four options and create 15 different wagers from those choices.

A Lucky 15 bet allows the bettor to win even if only one, two, three, or four of their selections win. Some bookmakers may offer bonuses for this type of bet, which can increase the winnings.

Placing a Lucky 15 bet costs more than a regular bet because a new stake is added for each bet. For instance, if a punter wants to place a £2 unit stake per leg, the total cost would be £30 as a £2 unit stake is placed on each of the 15 bets.

You can place a Lucky 15 bet at most online bookmakers, including William Hill, Ladbrokes, and Paddy Power.

A Patent bet is a type of betting that involves placing seven bets on three different selections. Its purpose is to cover all possible outcomes and guarantee a return even if only one bet wins. It is widely compared to the Trixie bet, which has three selections but only four bets.

The Patent bet consists of three singles, three doubles, and one treble. If you place a £1 stake on each selection, the total cost of the bet will be £7. The potential return from a successful Patent bet depends on how many selections were successful.

The Patent bet is a popular strategy in various sports, particularly horse racing. It grants a return for your wager with just one winner chosen from three selections. This betting system differs from Trixie and Yankee betting in that it covers singles, doubles, and treble.

You can place Patents bets on major sports bookers such as BetWinner, William Hill, and Bet365.

An ‘Accumulator’ bet requires making multiple selections (usually four or more), and all selections must win to succeed. The initial stake and return from the first selection are rolled onto the next selection, continuing until the final selection is settled. If any selection loses, the entire accumulator bet is lost.

One of the most popular types of multiple bets is the accumulator bet, also known as an ‘acca.’ Football commonly uses it to place bets on matches within one or multiple leagues.

An accumulator bet must have at least four games, but there are options to bet on even more. You can bet on 11 or 15 events using accumulators like Yankees and Lucky 15s. Although you can place two- and three-fold accumulator bets, they are not typically called accumulators. Instead, they are known as doubles and trebles and follow similar rules.

Accumulator bets can help bettors earn high returns with minimal investment, especially with many matches at stake. But, it’s essential to have a comprehensive understanding of the sport and the participants being bet on. The risks of losing are high even though the stakes are low because losing just one bet can result in losing the entire accumulator. Therefore, having a clear insight is crucial for bettors to prevent the loss of their stake.

Major sports betting sites like bet365, Paddy Power, and William Hill accept accumulator bets. When placing an accumulator bet, always check the terms and conditions of the online bookmaker to be sure they support this type of wager.

The ‘Super Flag’ bet combines numerous bets, including doubles, trebles, four-fold, and five-fold accumulators bets, with single-stakes-about bets. This particular bet type comprises 46 individual bets. If you bet £1 for a Super Flag, your total stake will be £46. Essentially, it is an advanced form of the flag bet in which you place 23 bets from four selections, whereas in a super flag, you place 46 bets from five selections.

You can place Super Flag bets on various sports, including football and horse racing. However, you need to select five options from five different events. This means that you cannot choose five horses from the same race. Instead, you will have to choose five horses from five separate races.

Placing a super flag bet can be complicated, as it offers a wide range of bets that can increase your chances of winning. However, this also means a higher cost because you must place a stake for each bet you make. For example, if you stake £5, the total cost of the super flag bet would be £230, as an extra £5 is placed for each bet.

William Hill, Bet 365, PariMatch, and other major bookmakers accept super flag bets. Ensure you read the site’s terms and conditions before placing a super flag bet to avoid confusion or disappointment.

A Super Heinz Flag bet is a type of wager where you choose seven selections. This bet is one of the biggest options for punters because it allows you to make 162 bets. These bets are divided into doubles, trebles, four-folds, five-folds, six-folds, and single stake about bets.

This type of bet is complicated and is usually recommended for experienced horse racing punters and enthusiasts with good knowledge of the sport. The bet can generate significant profits on the selections made as there are multiple combinations involved. It is worth noting that even if one of your seven horses wins, there is no certainty that you will earn a return.

Even if only a few horses compete in a race, you still have a chance to win. To increase your chances, you need to select horses with a good chance of winning and the potential for multiple winners.

Major bookmakers like bet365, William Hill, Paddy Power, and BetVictor typically accept Super Heinz Flag bets. However, checking the terms and conditions before placing a bet is important, as these may differ depending on the bookmaker. As Super Heinz Flag bets are complex and expensive, you should wisely select your horses to increase your chances of success.

A Goliath flag bet is a type of bet that involves eight selections and a whopping 303 individual bets. It is one of the largest bet types available and can be complex. To increase your chances of success, it is recommended that you use a free calculator to help you navigate this type of bet.

Goliath flag bets include all the bet types found in super flags and Heinz flags, such as singles, doubles, trebles, four-folds, five-folds, six-folds, and seven-folds. As with all flag bets, the more selections you make and win on your Goliath bet slip will increase your potential return. However, it is important to note that you must get all your selections right to be successful with this bet.

Most major bookmakers accept Goliath flag bets, and some offer special bonuses or promotions for Goliath flags. However, it is advised that you always read the terms and conditions before placing a Goliath flag bet, as they may differ from bookie to bookie.

A Union Jack bet is a type of wager combining multiple bets. It involves nine selections, with each selection coming from a different event. While there are various types of Union Jack bets, the fundamental concept remains simple.

The Union Jack bet differs from other combination bets as it does not cover all possibilities. A single Union Jack bet includes only eight different bets. However, you can increase the number of bets up to 80 by betting on a more complex version of the Union Jack bet.

When placing a Union Jack bet, you must select at least three selections and no more than eight. Any combination (three, four, etc.) can only be used once in your bet slip. The more correct choices within the nine-selection bet will increase the payout.

A Union Jack bet can be advantageous if you are well-versed in your sport and believe in your choices. The main advantage of this bet is that you have control over how your choices impact your profits. By placing your choices most appropriately, you can increase your winnings and earn the maximum return.

The best sites to place Union Jack Bets are Coral, William Hill, 888 Sports and Ladbrokes.

A forecast is a bet where a punter predicts which two horses will finish in first and second place in a specific order. It is commonly available in horse and greyhound races and is an essential aspect of betting in horse racing. Additionally, a punter can place two other types of forecast bets.

Once you understand how they work, forecasts are easy to comprehend. Instead of predicting which single horse will win, you choose which two will take the top two spots. However, this only applies to the straight forecast bet. The reverse and combination bets add excitement by letting you select a random order or include a third horse.

Forecasts can be a fun way to place a few bets without expecting too much in terms of winning. Although if you get lucky and win, you can earn a good payout even with a small stake. However, if you hope to win consistently, forecast bets may not provide regular returns.

Major bookies such as 22Bet, Betfair, and BetVictor accept forecast bets. However, you should always read the terms and conditions to check which types of forecasts are accepted.

An ‘Each-way’ bet consists of a winning and place bet. If your chosen horse wins the race, you will receive a payout for the win and place bets. But if your horse finishes in the places and not first, you will still get a return according to the place’s terms.

If you want to bet on a horse race, consider placing an each-way bet. This type of bet is simple – half of your stake goes towards the horse to win, and the other half is for the horse to place in the top two, three, or four positions in the race.

If your horse doesn’t win, you can still make some profit and get your stake back by placing each-way bets, which are often abbreviated as EW or E/W.

It is important to note that the size of each-way payout will vary depending on the number of runners and the amount bet. The best sites to place Each-Way bets are Paddy Power, Ladbrokes, and Betfair.

A ‘Reversed Forecast’ is a bet where you choose two selections you think will finish first and second. The order in which the finish of selection does not matter as long as they occupy the top two places. This bet has two elements, so a £1 stake will have a total cost of £2.

A reverse forecast bet, or RF, is similar to a straight forecast bet. The only difference is that with a reverse forecast bet, your two selected participants can finish first or second in any order for you to win. Unlike a straight forecast bet, you must correctly predict the exact order in which the participants finish first and second.

If you place a reversed forecast bet, the stake will be twice the amount of a regular bet. For example, if you want to bet £20 on each selection, you will place a £40 bet. This is because you place two bets on your selected race participants. One bet is on Selection A to finish first and Selection B to finish second; the other is on Selection B to finish first and Selection A to finish second.

Major bookies such as William Hill, Ladbrokes, and Bet365 accept Reverse Forecast Bets. However, you should always read the terms and conditions to check the accepted bet type.

Matched betting is a betting strategy that allows you to benefit from bookmakers’ free bet bonuses, offers, and incentives by using Smarkets’s betting exchange to make a low-risk profit. We explain what matched betting is, how it works, and how to make a matched bet.

Nearly all bookmakers offer sign-up and reload bonuses and specials on big events such as the Cheltenham Festival, Champions League, and Grand National. Unlike traditional betting – where bettors are required to predict an outcome – matched betting takes advantage of these bookmaker incentives.

To implement a matched betting strategy, you simply place a bet with the bookmaker who offered you the free bet and then lay, or bet against, the same outcome on the Smarkets betting exchange. This canceling out of the opposing bets, sometimes with a small profit, is known as ‘matched betting.’

Matched betting is risk-free and has been used by many people to make a consistent profit without any gambling or knowledge of sports. The best sites for matched betting are Smarkets, Matchbook, and Pinnacle Sports.

If you want to place a low-risk bet and still have the opportunity to win big, consider placing a Tote Placepot bet. This type of bet, also known as a Placepot, doesn’t require high stakes like combination bets. You can bet just one pound and still have a chance to win big. For example, at the 2019 Cheltenham Festival, one person won over £182,000 by placing a £2 bet.

This type of bet has existed for almost a century and is still popular among many people. It is available at major betting shops and online bookmakers and is considered a comparatively safe bet that is easy to understand even for those new to betting.

Although placepots may seem complex initially, they become easy to understand once you grasp the concept. The initial step in understanding placepots is to calculate how they work. You are required to select a horse in six different races and choose which will finish first or second. If the horses you selected place, then you win a share of the pool.

Coral, Ladbrokes, and William Hill are the best sportsbook sites for Placepot bets.

The Jackpot Bet is a pool betting game offered by Tote. To participate, players must select the winners of the first six races at the specified Tote Jackpot meeting of the day. The game has a minimum Jackpot prize pool of £10,000, and players can enter with as little as 50p.

While you are only allowed to select one horse per race, some individuals choose to select more than one, which can improve their odds of winning and increase their overall participation cost.

When you make a Tote Jackpot bet, you can select one or multiple horses for each race (also known as a ‘leg’ for Tote bets like the Jackpot). This will affect the overall number of bets or ‘lines’ included in your Jackpot bet.

If you choose only one horse per race, your bet will have only one line. However, adding more horses in any Jackpot race will increase the number of lines in your bet.

Betfair, Ladbrokes, and William Hill are the best sites to place Jackpot bets.

To be a proficient bettor, it is crucial to comprehend the varying types of wagers and wager variations offered in each sport. This can be challenging, but educating yourself about the different bet options like straight bets, parlay wagers, over/under, futures, props, and others can be immensely beneficial. It is also helpful to learn how each type of bet operates in the specific sports you are interested in.

For instance, if you are betting on NFL games, some of the most common bet types are straight, or fixed-odds bets; parlay wagers; spread betting; over/under totals betting; money line betting; and point spread betting.

Some popular bet types for horse racing include win, place, show; exacta bets; trifectas and superfectas; boxes or part-wheels; pick 3, 4, and 5 wagers.

It is also worth noting that each betting site will have rules and restrictions regarding what kinds of bets are allowed. The types of bets mentioned above are just a few common ones. It’s always important to read up on the specific site you’re betting on and understand its rules and regulations before placing any bets.

The win bet is a widely used betting method, whereas the money line bet is primarily popular in the United States. To place a winning bet, you just need to place a wager on the team you believe will win the game. If you make the correct prediction, you will win the bet. The win bet is similar to the money line bet, except it does not consider point spreads.

Straight bets are often recommended to beginners as they are easy to understand. Straight bets involve selecting a team or an individual (in the case of individual sports) and placing your wager on them to win. The odds for this type of bet are usually fixed, so it’s easy to calculate the returns.

Moneyline bets are often considered the easiest way to win because they do not involve point spreads or handicaps. This type of wager involves betting on a team or individual to win without extra conditions. You will win your bet if you select the right team or individual.

The safest bet types for most players are straight bets and single bets. As the name suggests, this type of bet involves placing a wager on an individual or team to win without additional conditions. The odds for this type of bet are usually fixed, and it’s easy to calculate the returns.

The riskiest bets include Goliath, Super Heinz, and Lucky 15. Bet that includes several selections and requires you to predict multiple outcomes to win correctly. For example, Goliath’s bets involve eight selections and 247 separate wagers resulting from those selections. As such, these types of bets can be hazardous because the likelihood of a successful outcome is very low.

These types of wagers involve a large number of selections and higher stakes. Because they require you to select multiple teams or individuals, the risk of placing an incorrect bet is much higher. As such, these kinds of bets are not recommended for beginners.

The most common types of bets include Trixie, Yankee, Lucky 15, and Patents. These bets involve selecting multiple selections for different sporting events, including a combination of doubles, trebles, accumulators, etc. These bets are popular as they offer higher returns than single wagers but allow you to spread your risks across different sports or events.

For beginners, the simplest bet types to understand are straight bets, which involve predicting one outcome in a sporting event. Other popular bet types include parlay wagers, over/under totals, and money line betting.

The appropriate size of a sports bet should be based on your bankroll. Remember to be cautious when selecting the amount to deposit and only deposit what you can comfortably afford to lose. Choose an initial amount that, if lost, wouldn’t impact your daily routine.

After determining your initial amount, you should not bet over 5% of your bankroll on any single bet. For instance, if you begin with $100, your wager limit for each bet should be capped at $5, despite it may appear too little.

Yes. Betting low can be beneficial, especially for beginners. Low-stakes betting allows them to learn the basics of sports betting without risking too much money. It allows new bettors to practice different betting systems and strategies, which can improve their odds of winning and increase their overall participation cost.

No, you don’t have to bet on all of the above types. You should explore the different betting options and decide which ones work best for you based on your budget, knowledge, and interests. Some bet types, like Goliath or Super Heinz bets, are best suited for experienced players and not recommended for beginners. Ultimately, deciding which bet types work best for your interests and betting skills is up to you.