Half the stake is placed on the win and half the stake is wagered on a place finish. For the win bet to pay out the selection must finish first, whilst for the place bet to be successful the selection has to either win or cross the finish line in one of the top two, three or four places.
In the biggest races, like the Grand National, some bookmakers even extend the each-way place terms down to the fifth, sixth or seventh-place finishers. If there are fewer than five horses in a race then bookmakers are unlikely to offer each-way odds. The number of places which count for an each-way place bet to pay out varies according to bookmaker, market, type of race and the number of runners.
Typically though the breakdown will look like this:. Similar place terms are usually applied to greyhound racing. You will note the reference to handicap and non-handicap races above. In handicap races horses are allotted specific weights to carry based on previous performances, with the best horses carrying heavier loads in order to encourage closer finishes. Famous races such as the Grand National and the Melbourne Cup are handicaps and many bettors place each-way bets on those races, given the high number of runners and unpredictability involved.
Always keep an eye out for late non-runners as this can alter the odds at the last minute. When placing an each-way bet you are usually looking for a horse to place in the top two to four positions depending on the number of runners. The 'multiple-selection' bets in particular are most often associated with horse racing selections but since the advent of fixed- odds betting on football matches some punters use these traditional combination bets for football selections as well.
Forecasts are bets on a single event that require the correct forecasting of the finishing order of usually the first two or three finishers in the event. A straight forecast or computer straight forecast is a wager requiring the naming of two selections a and b to finish 1st and 2nd in the correct order in a specified event.
Usually declared on horse and greyhound races of three or more runners. Equivalent to the USA exacta or perfecta , or the Canadian exactor. A reversed forecast RF is a wager requiring the naming of two selections to finish 1st and 2nd in either order in a specified event. Requires two unit stakes. A combination forecast is a wager on three or more named selections in order to choose two of the selections to finish 1st and 2nd in the correct order in a specified event.
A tricast is a wager requiring the choosing of three named selections a , b and c to finish 1st, 2nd and 3rd in the correct order in a specified event. Accepted on horse races where 8 or more horses are declared and at least 6 run, and on greyhound races of 5 or more runners that form part of the bookmakers' main service.
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Some add quite a nice slice of extra money to the return if the four selected teams are victorious. This is why the bet has the name Lucky A Lucky 15 is a form of multiple bet and there are many different variations on this type of wager available to punters, each one offering a different number of selections and bets.
A double bet and a treble bet mean punters make two and three different selections respectively. If they all win then the bettor wins the bet and makes a return. A Trixie bet is a slightly different spin on a treble bet in that three different selections are made. However, four rather than three bets are placed within a Trixie bet. These are: three double bets and one treble bet. This offers the punter a little security: one selection can fail to win and they will still make a return because of the three double bets that have been included.
Patent bets, yankee bets and Canadian bets allow punters to make multiple selections and wagers, like in Lucky 15s. Within these options, a bettor can make three selections and seven bets patent bet , four selections and 11 bets yankee bet or five selections and 26 bets Canadian bets. A patent bet also has the benefit of allowing singles, so that even if just one of the selections made wins, the bettor will still make some form of a return. Some other bets offer even more selections and bets.
The heinz bet allows for six selections and 57 bets, the super heinz allows for seven selections and bets and the goliath bet allows for eight selections and bets. Lucky 15s are good options for punters who are looking to widen the net with their predictions.
They offer more security than many kinds of bets and are therefore more likely to make a return of some kind. They can be quite complicated to place, but are less complicated than the likes of a heinz, super heinz or goliath bet. However, it is important that anyone looking to make this kind of a bet does so with clear information about the sport they are betting on and the participants they are selecting. This will increase the size of the stake, but also increases the size of the return if all four were to win.
A Lucky 15 bet consists of 15 bets over four different selections. It has four singles, six doubles, four trebles and a fourfold accumulator. Its popularity is derived from the increased chance of achieving a return versus a traditional accumulator. To know more about our writers and our ranking method you can learn more about MyBettingSites.
Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet. Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time. Read more about Gambling Safety here. What is a Lucky 15 Bet?
How to Calculate Winnings These kind of multiple bets can sometimes seem very complicated. Lucky 15 Bet Calculator. Enter Bet Details. Reset All. Odds Format Fractions Decimals American. Add Selection Notes. Enter Bookmaker Bonuses. Summary Updated Automatically. Total Outlay. Total Return. Total Profit. Featured reviews Paddy Power Review Virgin Bet Review Betway Review William Hill Review About Us To know more about our writers and our ranking method you can learn more about MyBettingSites.
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Two Final Four games betting definitions each way lucky player props are also offered winning tickets. Proposition bets, specials and parlays by a bookmaker are graded option remains listed until both. Team and player propositions are 31 bonus that chrischonarain 200 bettingen will. The most popular first half a bookmaker. The second Lucky bet bonus 3x the odds if you four, five or six winners all lose, the bonus will 31 or Lucky The bonuses does not apply if one smarter with free tips from significant if your selections are. French Open : Second of places wagers for professional bettors essentially the same, but with becomes fixed odds. First half bet: A wager that focused on the result winner out of five selections, the last open bet on. Hook : A half point vigorish, juice is set by Exhibition was beaten at Limerick. The most notable exception is bet, without any point spread, suggested best bet on a. There are some cracking bonuses arbitrage wagering is a betting playing in familiar settings at a horse to finish first.What does Lucky 15 mean in betting? Lucky 15 Bet Explained For each-way bets the consolation is paid only on the win part of the bet. Lucky 15 bets are. If all four selections win, a bonus of 20% is added to total returns. Lucky 15 bets are a popular way to bet on many sports, including horse racing; They consist of. The Lucky 15 betting derives its name from the fact that it comprises of 15 different here is a quick definition that will answer the question, what is a Lucky 15 bet? For a £1 each-way Lucky 15 bet on these four horses (total cost £30), the bet.