Types of Horse Racing Bets

Horse racing offers a wider variety of bet types than almost any other sport. From a straightforward single on one horse to complex multiples involving dozens of individual bets, understanding the options available is essential for every punter. This guide explains every major bet type, how many selections and bets are involved, and when each type is most appropriate to use.

Key Info

Multiple bets (doubles, trebles, accumulators) offer larger potential payouts but are harder to win because every selection must be successful. Professional punters typically prefer singles or small multiples where the edge per selection compounds in their favour. For recreational punters, "Lucky" bets (Lucky 15, Lucky 31, Lucky 63) include singles alongside multiples, providing returns even when not all selections win.

Bet Types at a Glance

The table below summarises every major horse racing bet type, the number of selections required, and the total number of individual bets placed. Remember that your total outlay is the number of bets multiplied by your unit stake.

Bet TypeSelectionsTotal BetsIncludes Singles?
Single11Yes
Double21No
Treble31No
Trixie34No
Patent37Yes
Yankee411No
Lucky 15415Yes
Lucky 31531Yes
Lucky 63663Yes
Heinz657No
Accumulator (4+)4+1No
Each Way Single12Yes

Singles

A single is the most basic bet in horse racing — you back one horse to win one race. If it wins, you are paid out at the agreed odds. If it loses, you lose your stake. Singles are the bread and butter of professional betting because you only need one outcome to go your way. The simplicity means there is no compounding of probabilities working against you, which is why serious punters with a genuine edge tend to favour singles over multiples.

Doubles and Trebles

A double combines two selections into one bet — both must win for the bet to pay out. The winnings from the first selection roll onto the second as the stake, so the returns can be substantial. A treble extends this to three selections, with all three needing to win. These are straightforward multiples that most punters are familiar with, and they offer a good balance between increased returns and manageable risk compared to larger accumulators.

Trixie and Patent

Both the Trixie and Patent involve three selections, but they differ in structure. A Trixie consists of four bets: three doubles and one treble. You need at least two of your three selections to win to get any return. A Patent consists of seven bets: three singles, three doubles, and one treble. Because the Patent includes singles, you get a return if even one selection wins, making it a safer option. The Patent costs nearly twice as much as the Trixie in total stake, but the safety net of the singles can be worthwhile, especially when backing selections at longer odds.

Yankee and Lucky 15

Moving up to four selections, a Yankee consists of 11 bets: six doubles, four trebles, and one fourfold accumulator. At least two selections must win for any return. The Lucky 15 adds four singles to the Yankee structure, making 15 bets in total. The Lucky 15 is one of the most popular bet types in horse racing because many bookmakers offer bonuses: typically double the odds if only one selection wins, and a percentage bonus (often 10-20%) if all four selections win. These promotions can significantly enhance returns.

Lucky 31 and Lucky 63

A Lucky 31 involves five selections and 31 bets (5 singles, 10 doubles, 10 trebles, 5 fourfolds, 1 fivefold). A Lucky 63 involves six selections and 63 bets (6 singles, 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds, 1 sixfold). Both include singles and typically qualify for bookmaker bonuses similar to the Lucky 15. These are substantial bets in terms of total outlay — a Lucky 63 at just one pound per bet costs sixty-three pounds — but when multiple selections win at decent odds, the returns can be life-changing.

Heinz

Named after the "57 varieties" slogan, a Heinz requires six selections and consists of 57 bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds, and 1 sixfold accumulator. Unlike the Lucky 63 which also uses six selections, the Heinz does not include singles, so you need at least two selections to win to see any return. The Heinz is popular with punters who want comprehensive coverage of their six best fancies without the additional cost of singles.

Accumulators

An accumulator (or "acca") links four or more selections into a single bet where the winnings from each selection roll onto the next. All selections must win for the bet to pay out. The appeal of accumulators is the potential for enormous returns from a small stake — backing four 3/1 winners in a fourfold accumulator returns 255 pounds from a one-pound stake. However, the more legs you add, the harder it becomes to win. Statistics show that the vast majority of accumulators with five or more legs lose, which is why bookmakers actively promote them. For more on this, see our accumulator betting guide.

Each Way Bets

An each way bet is effectively two bets in one: a win bet and a place bet. If your horse wins, both parts pay out. If it finishes in a place position (usually second, third, or sometimes fourth depending on the number of runners), only the place part pays at a fraction of the win odds. Each way betting is particularly popular in big-field handicaps where the winning chances of any individual horse are small but the place chances are reasonable. The place terms vary by field size and race type — for full details see our each way betting guide.

Choosing the Right Bet Type

The best bet type depends on your goals, bankroll, and how many strong selections you have. If you have one high-confidence selection, a single (or each way single) is almost always the best choice. If you have two or three strong fancies, a Patent or Lucky 15 gives you coverage across multiples while protecting your stake with singles. If you are looking for entertainment value and big returns from small stakes, accumulators fit the bill — just be aware that the odds are heavily against you. Whatever bet type you choose, always know your total outlay before placing the bet, and never stake more than you can afford to lose.

Frequently Asked Questions

What is the safest type of horse racing bet?
A single bet is the simplest and statistically the most likely to return a profit because you only need one horse to win (or place, if each way). Multiples like doubles and trebles offer bigger payouts but require all selections to win, making them inherently riskier.
What is the difference between a Yankee and a Lucky 15?
Both require four selections. A Yankee consists of 11 bets (6 doubles, 4 trebles, 1 fourfold accumulator) while a Lucky 15 consists of 15 bets (4 singles, 6 doubles, 4 trebles, 1 fourfold). The Lucky 15 includes singles, so you get a return even if only one horse wins. Many bookmakers offer consolation bonuses on Lucky 15s if only one selection wins.
Should I bet each way on accumulators?
Each way accumulators are possible but the stake doubles because each selection has both a win and place element. They can be profitable in larger-field handicaps where place returns at decent odds can accumulate to significant returns, but the total outlay is substantial. Most punters prefer win-only accumulators for smaller stakes and switch to each way for singles and doubles.
How many selections do I need for a Heinz bet?
A Heinz bet requires six selections and consists of 57 individual bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds, and 1 sixfold accumulator. Named after the famous '57 varieties' slogan, it is one of the larger multiple bet types and requires a significant unit stake because you are placing 57 bets.

Latest racing questions answered

By RaceCards editorial

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How does a win-only bet differ from a place-only bet?

A win-only bet returns money only if your horse finishes first; stake times the quoted odds is paid back when the horse wins. A place-only bet pays if the horse finishes in one of the designated placed positions (second, third, etc.) and returns a smaller payout because it covers finishing positions other than first [jc-jargon] [jc-glossary].

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Read the full guide: How does a win-only bet differ from a place-only bet?

Why does a £5 each-way bet cost £10?

A £5 each-way bet costs £10 because it means £5 on the win and £5 on the place. The Jockey Club defines each-way as half the total stake backing the selection to win and half backing it to be placed. The £5 is the amount for each portion, not the combined outlay. The place portion is settled at a fraction of the win odds [jc-glossary].

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How do I calculate the place return at a fraction of the win odds?

For the place portion of an each-way bet, apply the stated place fraction to the fractional win odds, multiply the resulting profit odds by the place stake, and add that stake to obtain the place return. Check the operator's qualifying places and terms. A separately priced place-only or pool bet need not use this calculation [jc-glossary] [jc-jargon].

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How do I work out the return on a winning double?

A double is a two-leg accumulator where winnings from the first successful selection are staked on the second. To work out the return: convert each selection's price to the total-return form (decimal odds or fractional total-return), multiply the first selection's total return by the second selection's total-return factor, and include your original stake. Use the bookmaker’s quoted fixed odds or the Starting Price if you took SP. Remember deductions such as Rule 4 or pool deductions on Tote bets can change the final dividend [jc-glossary] [jc-jargon].

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How does a treble's stake and return differ from three singles?

A treble places one stake across three linked selections so the return from leg one becomes the stake for leg two, and so on; all three must win to produce any return. Three singles stake the same amount on each selection independently, so each can win or lose without affecting the others. The treble concentrates risk and multiplies odds, while three singles spread risk and lock in the original stake each time [jc-glossary] [jc-jargon].

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Why does a Yankee contain 11 bets on four selections?

A Yankee is 11 separate bets on four different selections: six doubles, four trebles and one four-fold. Each combination multiplies stakes across different pairings and groupings of the four selections so that at least two winners are required to generate any return. This structure is described in the Jockey Club's betting glossary and its jargon guide as a type of multiple or accumulator bet [jc-glossary] [jc-jargon].

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Why does a Trixie contain four bets on three selections?

A Trixie is four bets built from three separate selections: three doubles plus one treble. Each double pairs two of the three selections, and the treble combines all three. That structure gives you multiple ways to win: two correct selections produce returns from at least one double, and three correct selections produce returns from all four bets. This construction is standard in British racing betting terminology [jc-glossary] and is commonly described in betting jargon resources [jc-jargon].

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How does a straight forecast differ from a reverse forecast?

A straight forecast requires you to pick the first and second horses in exact finishing order; both selections must match the race result exactly. A reverse forecast covers the same two selections but in both possible orders, so you win if either horse finishes first and the other second. The reverse effectively places two straight forecasts and therefore costs twice the single straight stake [jc-glossary] [jc-jargon].

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What is a tricast, and why does finishing order matter?

A tricast is a bet that requires naming the first, second and third finishers in a single race in the correct order. Because the correct sequence of the top three is essential, payouts are typically much larger than simpler place or forecast bets. The judge and photo-finish determine official placings and any disqualification or dead-heat will change settlement, so accuracy of order matters for whether a bet wins or is reduced under race rules [jc-glossary] [jc-jargon].

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Why can a non-runner lose an ante-post stake rather than receive a refund?

Because ante-post bets are struck before final declarations and settle to the market outcome at race time, bookmakers treat withdrawals differently: ante-post stakes are taken at the price when placed and are not covered by later reformation rules that protect starting-price bets. If a horse is withdrawn before the race, the original ante-post contract usually does not obligate a refund and the stake is typically lost unless the bookmaker offered a specific non-runner guarantee or voiding condition.

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