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Glossary of betting terms
A glossary of betting terminology:| Accumulator / Acca |
| A multiple selection bet in which every selection must win for the bet to succeed. See Accumulator Calculator |
| Arbitrage / Arb |
| Where a variation in odds available allows a punter to back all possible outcomes and still guarantee a win. See Arbitrage Calculator |
| Back |
| To back a team, horse or outcome is to bet on the that selection to win. Traditionally this is the only bet at bookmakers, but online betting exchanges now allow the punter to oppose or lay an outcome. See Back and Lay Calculator |
| Betting Exchange |
| Unlike a bookmaker who sets and offers the odds or prices, a betting exchange allows bettors to select or offer their own prices and matches the bets accordingly. The site takes a proportion of all winning bets but the odds available are generally higher than standard bookmakers, even after the commission charged. See Back and Lay Calculator |
| Canadian / Super Yankee |
| A Canadian or Super Yankee accumulator is a multiple bet consisting of 26 bets involving 5 selections in different events. The bet includes 10 doubles, 10 trebles, 5 four-folds, and the five-fold accumulator, but not the 5 single bets. See Accumulator Calculator |
| Double |
| A Double is a single bet on 2 selections in different events. Both selections must be successful to win the bet. See Accumulator Calculator |
| Double Accumulator |
| A Double accumulator is a multiple bet consisting of 3 bets involving 2 selections in different events. The bet includes 2 singles and the double accumulator. See Accumulator Calculator |
| Dutch / Dutching |
| Backing more than one outcome in a single event, normally at variable stakes (according to the odds) to give an equal profit whichever selection is successful. See Dutching Calculator |
| Each Way |
| A bet placed on any selection involving two bets, one to win and one to be placed (normally top 3 or 4 places, depending on the number of entrants). See Each Way Bet Calculator |
| Forecast |
| To predict the first two horses in a race. The horses must finish in the order you predict for your bet to win. See also reverse forecast, where you cover first and second either way round. |
| Goliath |
| A Goliath accumulator is a multiple bet consisting of 247 bets involving 8 selections in different events. The bet includes 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and the eight-fold accumulator, but not the 8 single bets. See Accumulator Calculator |
| Hedge / Hedging |
| To Back & Lay the same single outcome in an event, using odds and stakes to guarantee a profit whether the selection wins or loses, or to cut losses. See Hedging Calculator |
| Heinz |
| A Heinz accumulator is a multiple bet consisting of 57 bets involving 6 selections in different events. The bet includes 15 doubles, 20 trebles, 15 four-folds, 6 five-folds, and the six-fold accumulator, but not the 6 single bets. See Accumulator Calculator |
| Lay |
| To lay a bet is to oppose an outcome. See Back and Lay Calculator |
| Lucky 15 |
| A Lucky 15 accumulator is a multiple bet consisting of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and the fourfold accumulator. See Accumulator Calculator |
| Lucky 31 |
| A Lucky 31 accumulator is a multiple bet consisting of 31 bets involving 5 selections in different events. The bet includes 5 singles, 10 doubles, 10 trebles, 5 fourfolds, and the fivefold accumulator. See Accumulator Calculator |
| Lucky 63 |
| A Lucky 63 accumulator is a multiple bet consisting of 63 bets involving 6 selections in different events. The bet includes 6 singles, 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and the sixfold accumulator. See Accumulator Calculator |
| Odds On (Favourite) |
| A bet where the odds are less than evens (or 2.0 decimal). |
| Over-broke |
| Where the odds at an event add up to less than 100%. This means that you can back all possibilities and still make a profit. See Arbitrage. |
| Over-round |
| The amount over 100% the total odds at an event add up to. ie the bookies profit. |
| Parlay |
| Alternative term (American) for an Accumulator. See Accumulator Calculator |
| Patent |
| A Patent accumulator is a multiple bet consisting of 7 bets involving 3 selections in different events. The bet includes 3 singles, 3 doubles, and the treble accumulator. See Accumulator Calculator |
| Roll-up |
| Another term for an Accumulator. |
| Single |
| A single bet on one outcome in one event. |
| Super Heinz |
| A Super Heinz accumulator is a multiple bet consisting of 120 bets involving 7 selections in different events. The bet includes 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds, and the seven-fold accumulator, but not the 7 single bets. See Accumulator Calculator |
| Treble |
| A Treble is a single bet on 3 selections in different events. All 3 selections must be successful to win the bet. See Accumulator Calculator |
| Trixie |
| A Trixie accumulator is a multiple bet consisting of 4 bets involving 3 selections in different events. The bet includes 3 doubles, and the treble accumulator, but not the 3 single bets. See Accumulator Calculator |
| Wager |
| Another name for a bet. |
| Yankee |
| A Yankee accumulator is a multiple bet consisting of 11 bets involving 4 selections in different events. The bet includes 6 doubles, 4 trebles, and the four-fold accumulator, but not the 4 single bets. See Accumulator Calculator |
| Number Of Bets | All permutations | All excl singles | Accumulator only |
| 1 | Single | Single | Single |
| 2 | All | Double | Double |
| 3 | Patent | Trixie | Treble |
| 4 | Lucky 15 | Yankee | 4-Fold |
| 5 | Lucky 31 | Canadian / Super Yankee | 5-Fold |
| 6 | Lucky 63 | Heinz | 6-Fold |
| 7 | All | Super Heinz | 7-Fold |
| 8 | All | Goliath | 8-Fold |
| Number Of Selections | Singles | Doubles | Trebles | 4 Folds | 5 Folds | 6 Folds | 7 Folds | 8 Folds | 9 Folds | 10 Folds | Full Cover |
| 1 | 1 | 1 | |||||||||
| 2 | 2 | 1 | 3 | ||||||||
| 3 | 3 | 3 | 1 | 7 | |||||||
| 4 | 4 | 6 | 4 | 1 | 15 | ||||||
| 5 | 5 | 10 | 10 | 5 | 1 | 31 | |||||
| 6 | 6 | 15 | 20 | 15 | 6 | 1 | 63 | ||||
| 7 | 7 | 21 | 35 | 35 | 21 | 7 | 1 | 127 | |||
| 8 | 8 | 28 | 56 | 70 | 56 | 28 | 8 | 1 | 255 | ||
| 9 | 9 | 36 | 84 | 126 | 126 | 84 | 36 | 9 | 1 | 511 | |
| 10 | 10 | 45 | 120 | 210 | 252 | 210 | 120 | 45 | 10 | 1 | 1023 |
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