I'm sorry if this is all 'old hat' to any of you and if that's the case simply scroll on past this section. However, there is one bet at the end that you may not know about and it is a fairly effective way of covering 9 horses.
Having spent over 20 years working in betting shops and having taken 100, 000's of bets I think I've seen them all including some very bizarre ones (the Liverpool Round the Clock anyone?) but for this post I will concentrate on the more popular ones.......
Two selections where both have to win. Your stake is placed on the first selection and any winnings are then put on the second.
e.g. £10 Double on 2/1 and 6/4 returns £75 (£10 on a 2/1 = £30. £30 on a 6/4 = £75)
If either of your selections is a Non-Runner the double becomes a Single on the remaining selection. If both selections are non-runners you get your stake back.
2) TREBLE, 4-FOLD, ACCUMULATOR
They all work in exactly the same way as a double but with more selections. They all have to win and the money you get back 'rolls' onto the next choice.
This is a bet that consists of three selections and is 4 bets i.e. A £1 trixie costs £4.
The 4 bets are made up of 3 Doubles and 1 Treble.
If we make the 3 selections A,B and C we can break the bet down as; 3 Doubles on A&B, A&C and B&C. The 1 treble is simply on AB & C.
You take each bet separately and work out your returns using the same method as described above in 1) and 2).
A patent also consists of 3 horses but is made up of 7 bets. Quite simply it is a Trixie with 3 singles added on.
So again if your 3 selections are A,B and C you get 3 singles on A, B and C. 3 doubles on AB, AC and BC and a treble on ABC
5) ROUND ROBIN
The one bet during my betting shop years that was the most requested to be explained.
A Round Robin is 3 selections and 10 bets. The 10 bets are broken down into 3 doubles, 1 treble and 6 up and down bets.
What's an up and down bet? I hear you cry.
Say we do a £1 round robin (£10 total stake) and again we will use the ABC to signify the 3 selections...
An up and down bet is simply £1 win A and if it wins we take £1 of the winnings and place it on B (the up part)
PLUS £1 win on B and if it wins we take £1 of the winnings and place it on A (the down part)
We repeat this for A and C and again for B and C giving us our 6 up and down bets.
Along with the 3 doubles AB, AC, BD and the 1 treble ABC we now have 10 bets
There is also a bet called a Super Round Robin which is usually referred to as a Flag bet.
This is a Round Robin but with 4 horses instead of 3 and costs 23 bets not 10.
It's made up of 12 up and down bets, 6 doubles, 4 trebles and an accumulator
This is similar to a trixie but is for 4 selections and costs 11 bets.
If the selections are ABC and D the bets work out as
6 doubles on AB, AC, AD, BC, BD and CD
3 Trebles on ABC, ABD, ACD and BCD plus
a 4-fold on ABC and D
7) LUCKY 15
This is basically a Yankee with 4 Singles and is therefore 15 bets.
However, your bookmaker will pay you Double (sometimes treble) odds if you only have 1 winner and add a 10% (maybe more) Bonus to your winnings if you get all 4 correct. Because of these enhancements the bet is far superior to the Yankee.
8] SUPER YANKEE or CANADIAN
As the name suggests it's a Yankee but bigger. In this case a Yankee with 5 horses and it is 26 bets.
Again if we make the selections ABCD and E the bets can be broken down as;
10 Doubles: AB, AC, AD, AE, BC, BD, BE, CD, CE and DE
10 Trebles: ABC, ABD, ABE, ACD, ACE, ADE, BCD, BDE, BCE and CDE
5 four-folds: ABCD, ABCE, ABDE, ACDE and BCDE
1 Accumulator: ABCDE
9) LUCKY 31
Just like the Lucky 15 is a Yankee with singles the Lucky 31 is a Super Yankee with 5 singles. As the name suggests it costs 31 bets.
Again, your bookmaker will pay double or treble the odds for 1 winner but will give you a bigger bonus (15-20%) for getting all 5 correct.
So called because it is 57 bets (according to the tins of beans the number of Heinz varieties) it's basically the next step up from the Super Yankee. 6 horses with the usual doubles, trebles, 4-folds etc.
Once more, the selections are ABCDEF and the bets break down as;
15 Doubles: AB, AC, AD, AE, AF, BC, BD, BE, BF, CD, CE, CF, DE, DF, EF
20 Trebles: ABC, ABD, ABE, ABF, ACD, ACE, ACF, ADE, ADF, AEF, BCD, BCE, BCF, BDE, BDF, BEF, CDE, CDF, CEF, DEF
15 4-folds: ABCD, ABCE, ABCF, ABDE, ABDF, ABEF, ACDE, ACDF, ACEF, ADEF, BCDE, BCDF, BCEF, BDEF, CDEF
6 5-folds: ABCDE, ABCDF, ABCEF, ABDEF, ACDEF, BCDEF
1 Accumulator: ABCDEF
11) LUCKY 63
No prizes for guessing that the Lucky 63 is a Heinz with 6 singles and costs 63 bets.
The bookies again pay you at least double odds for 1 winner along with Bonuses for all 6 winners of around 25%. Some even pay a smaller bonus (usually 10%) if you manage to get 5 out of the 6 right.
Words of caution: Bookmakers love these types of bets for the simple reason that if your first selection loses you have in affect lost over 50% of you money. To explain, say you did a £1 Lucky 63 and your first selection lost. You now have 5 selections remaining and your bet is now a £1 Lucky 31. Only one sixth of your selections have run so far but that 1 loser has cost you £32 or more than 50% of your outlay.
After the Heinz the next bet in the ladder is the Super Heinz (7 selections and 120 bets) and then the appropriately named Goliath (8 selections and 247 bets). I won't break those bets down as only a fool would consider one of these bets! (and yes, I've done plenty of them in my time)
12) UNION JACK
A patriotic sounding bet but one of the worst you could possibly do. It is made up of 9 selections and is written out in 3 rows each with 3 selections.
Think of it as a O's and X's grid where each bet is simply a treble on each row of 3, each column of 3 and the two diagonal lines. This gives us 8 lines or bets.
Sounds cheap but if you consider that it is possible to have 6 winners from your 9 selections and not win anything I think that shows what rank bad value this bet is.
However there is one more bet that I've yet to mention and is for those of you who simply must back 9 horses in a bet. It's a rarely used bet and one that not many people know about. It combines two bets together and can be quite effective......
13) UNION JACK PATENT
Simply put, it's the same design as a Union Jack Bet (3 rows of 3 selections) but instead of each row, column and diagonal being a treble they become Patents. It costs just 56 bets and is a very economical way of backing 9 horses.
When writing out the bet put your most fancied runner in the middle box as it appears in 4 of the 9 patents, your next 4 most fancied runners in the corners as each one appears in 3 of the 9 patents and your 4 least fancied selections in the remaining boxes. You only need 1 winner to make a return and the single will be a minimum of twice your unit stake. Also, the beauty of this bet is that, unlike the Lucky 63 bet, you don't wipe out so much of your original stake with each loser you back.