Types of bets 34j3q
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By Timeform — published Wednesday 12 August, 2020 at 15:40 4p581k
If you are new to greyhound racing, some of the betting terminology may come across as gobbledygook, so hopefully this guide to the various types of bets you can place on a race will be of some help.
Simple enough, a “win” bet is just that, betting on a dog to win the race.
A place bet is betting on a dog to finish in the “places”. In conventional, six-dog races, the first two home represent the places.
An each-way bet is two separate bets: a win bet, and a place bet. Should your selection win the race, both your bets will be paid out as a winner. Should your selection finish second, your win bet will be settled as a loser, but your place bet will still be paid out as a winner at a ¼ of the starting price.
A bet in which the aim is to identify the first two dogs home, in the correct order. A forecast dividend is calculated by a computer based on an equation that takes into the number of runners in the race and the odds of the greyhounds in your bet. This dividend is then multiplied by your stake to calculate your winnings.
A reverse forecast is essentially two straight forecast bets. If you like the chances of two dogs in a race, but cannot separate them, you can reverse your forecast bet, which covers both outcomes. For example, should you back Trap 1 and Trap 2 in a reverse forecast, as long as the two dogs finish first and second, it does not matter in which order. It is worth noting that as a reverse forecast is two bets, it will cost you double your stake.
A way of perming multiple greyhounds in order to identify the first two home.
For example, if you like the chances of three dogs in a race, but are unsure which will finish in the top two, you can place a combination forecast, which covers all outcomes that include your three selections. As there are six possible outcomes, a combination tricast with three dogs includes six bets. The more dogs you include in your combination forecast, the more bets you are placing:
- 3 selections = 6 bets
- 4 selections = 12 bets
- 5 selections = 20 bets
- 6 selections = 30 bets
To work out the number of bets that correspond to the number of selections, simply multiply the number of selections in your combi-forecast by one number lower. So, if you have six selections, the equation is 6 x 5 = 30 bets.
Forecast with the field
Betting on a dog to finish first, with any other dog to finish second. As you are betting on five different outcomes, this encomes five bets, which will cost you 5x your stake.
One reason for betting this way, as opposed to just betting on the dog to win, is in the hope that an outsider finishes second and boosts the forecast dividend.
You can also reverse this bet – field first, your selection second – which is another five bets.
Forecast double
A “double” that requires you to pick the first two greyhounds home in two separate races. These can be permed, which is a good way to keep interested in an evening of racing without having to bet on each individual race. For example, you can bet on Trap 1 to beat Trap 2 in each race and perm your double bets, meaning if that event occurs twice on the night you could take home a sizeable pot.
A bet in which the aim is to identify the first three dogs home. A tricast dividend is calculated by a computer based on an equation that takes into the number of runners in the race and the odds of the greyhounds in your bet. This dividend is then multiplied by your stake to calculate your winnings.
A way of perming multiple greyhounds in order to identify the first three home.
For example, if you like the chances of three dogs in a race, but are unsure which order they will finish in, you can place a combination tricast, which covers all outcomes that include your three selections. As there are six possible outcomes, a combination tricast with three dogs includes six bets. The more dogs you include in your combination tricast, the more bets you are placing:
- 3 selections = 6 bets
- 4 selections = 24 bets
- 5 selections = 60 bets
- 6 selections = 120 bets
To work out the number of bets that correspond to the number of selections, simply multiply the number of selections in your combi-tricast by one number lower, then multiply that by one number lower. So, if you have six selections the equation is 6 x 5 x 4 = 120 bets.
Tricast with the field
Betting on a dog to finish first, with any other dogs to finish second and third. This encomes 20 outcomes, so is 20 bets.
Alternatively, you can attempt to identify the first two home, with the field as your third selection. This encomes four outcomes, so is four bets.
One reason for betting this way, as opposed to just betting on the dog to win, is in the hope that outsiders finish second and third and boost the tricast dividend.
Tricast double
A “double” that requires you to pick the first three greyhounds home in two separate races. These can be permed, which is a good way to keep interested in an evening of racing without having to bet on each individual race. For example, you can bet on Trap 1 to beat Trap 2 to beat Trap 3 in each race and perm your double bets, meaning if that event occurs twice on the night you could take home a sizeable pot.
A multiple is a bet in which the punter must predict the outcome of two or more events. The odds of these outcomes are multiplied, meaning the returns will be higher should each selection win. Below are some of the various types of multiples.
Double – betting on two selections in three different events. Both selections need to win for your bet to be deemed a winner.
Treble - betting on three selections in three different events. All three selections need to win for your bet to be deemed a winner.
Accumulator – An accumulator is a bet involving more than three selections. Four-timers, five-timers, six-timers etc. all come under the umbrella of accumulator.
Permutations
“Perming” a bet is the act of cross referencing a series of selections with each other through a succession multiples. Below are the different types of “perms” you can use when betting.
3 selections
Trixie – 1 treble, 3 doubles = four bets
Patent – 1 treble, 3 doubles, 3 singles = seven bets
4 selections
Yankee – 1 accumulator, 4 trebles, 6 doubles = 11 bets (also referred to as a 6-4-1)
Lucky 15 – 1 accumulator, 4 trebles, 6 double, 4 singles = 15 bets
5 selections
Canadian/Super Yankee – 1 accumulator, 5 four-folds, 10 trebles, 10 doubles = 26 bets
Lucky 31 – 1 accumulator, 5 four-folds, 10 trebles, 10 doubles, 5 singles
6 selections
Heinz – 1 accumulator, 6 five-folds, 15 four-folds, 20 trebles, 15 doubles = 57 bets
Lucky 63 - 1 accumulator, 6 five-folds, 15 four-folds, 20 trebles, 15 doubles, 6 singles = 63 bets
7 selections
Super Heinz – 1 accumulator, 7 six-folds, 21 five-folds, 35 four-folds, 35 trebles, 21 doubles = 120 bets
8 selections
Goliath – 1 accumulator, 8 seven-folds, 28 six-folds, 56 five-folds, 70 four-folds, 56 trebles, 28 doubles = 247 bets
Trap Challenge
This is betting on an individual trap to win more races than any other trap at a specified meeting, though sometimes the trap challenge can encom two meetings.
Pick 6 jackpot
A bet offered by individual tracks in which you must pick the winner of six specified races. You can perm your selections – to work out how many bets/lines you are placing simply multiply the amount of dogs you have selected in each race e.g. 1 x 2 x 1 x 2 x 1 x 3 = 12 lines. There is also an option for a lucky dip.
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