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Glossary of betting terms

A glossary of betting terminology:
  Accumulator / Acca   Arbitrage / Arb   Back   Betting Exchange   Canadian   Double   Dutch / Dutching   Each Way   Forecast   Goliath   Hedge / Hedging   Heinz   Lay   Lucky 15   Lucky 31   Lucky 63   Odds On   Over-broke   Over-round   Parlay   Patent   Roll-up   Single   Super Heinz   Super Yankee   Treble   Trixie   Wager   Yankee

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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