Question 1

What Is a Trixie Bet in Horse Racing?

Accepted Answer

One of the most popular types of horse racing bets in the UK, the Trixie allows you to place 4 bets on 3 different selections. Since you’re placing multiple bets, it costs more than the regular win bets but promises a better payout as well.

Multiples don’t include a single bet. Think of it as an accumulator with insurance. On accumulators, all your selections must win for you to win your slip. With the Trixie bet, even if one loses, you’ll still be able to get a solid return.

Your Trixie bet can be on win-only or on win and place selections. As there are no singles in it, your winnings will be calculated on a treble and 3 winning doubles. As a cover type of bet, Trixie is a great way to hedge your bets. If you get lucky and all your selections win, it can be quite lucrative as well.

The only disadvantage it has is that it costs more – 4 times on average. So, it’s not exactly ideal for beginners, although you could get lucky with it and earn a ton of cash.

Thanks to the high potential return, it has often been compared to the Yankee bet. All horse racing betting sites accept the Trixie type of bet.

Question 2

What Is a Yankee Bet in Horse Racing?

Accepted Answer

Similar to the Trixie bet, a Yankee bet is another type of cover or insurance bet with multiple selections.

Where the Trixie bet involved 4 bets on 3 selections, the Yankee bet consists of a whopping 11 bets on 4 selections.

More specifically, it consists of 6 doubles, 4 trebles, and 1 fourfold accumulator. In order to win, you need to get 2 or more selections right.

Why is the Yankee bet so great?

Because on that many selections, you have a chance to get a pretty great return.

If the selections are short, you’re better off with win only.

If the prices are longer, each-way bets can bring you an appealing profit. You don’t even need them all to win – only two will be enough.

This type of bet doesn’t cover singles.

It is ideal for those who are sure that two or more selections will win.

Place a Yankee bet with a total of 11 selections and if all of them win, you’ll be in for quite a solid return.

Each-way Yankee bets are pretty popular at horse racing betting sites in the UK. If you believe you have what it takes for this one, it’s definitely worth to play it.

Just like the Trixie bet, the biggest disadvantage of the Yankee bet is that it costs more. As a permutation type of bet, it may not be suitable for beginner punters as well.

Question 3

How to Work out a Lucky 15 Horse Racing Bet?

Accepted Answer

The stakes in horserace betting can go even higher than the Yankee bet. As you may already know, horserace betting is pretty popular in the UK.

There’s an endless list of bets you can place ranging from singles and doubles all the way up to accas with more than a dozen selections.

One of those most interesting for UK punters is the Lucky 15. Just like the name suggests, it consists of 15 bets on 4 different selections. This time, singles are included.

To break it down, it consists of 4 singles, 6 doubles, 4 trebles, and 1 fourfold acca. If you thought that the Yankee bet can bring you a nice return, you’ve got another thing coming with the Lucky 15 bet.

Due to the high number of selections, the Lucky 15 bet costs more than the Yankee. Of course, it also promises an even bigger return.

Getting all selections on your slip right is not that probable, but if you know your horserace betting or you’re lucky, you can win a small fortune.

In order to see a return on the Lucky 15, you only need to get one selection right. Thanks to the inclusion of singles, it’s a pretty unique type of bet that guarantees full coverage.

Question 4

What Is a Lucky 31 Bet in Horse Racing?

Accepted Answer

If there’s one bet that can upend the Lucky 15 bet, it’s the Lucky 31. The name makes it obvious – it consists of 5 selections with 31 individual lines.

The Lucky 31 bet is a full coverage bet where you only need one winner to make a profit. Of course, you’ll be aiming for at least a few more (if not all) if you really want to make a killing.

The total number of selections include:

5 singles
10 doubles
10 trebles
5 fourfold accumulators
1 fivefold accumulator

If you’re new to the world of horse racing, we strongly recommend sticking to simpler bets. The Lucky 31 is great, but due to the high cost and complexity, it’s more suitable to experienced punters. The inclusion of single bets gives punters a bit more security than other multiples.

The Lucky 31 bet makes a lot of sense if you have 5 selections at great odds. Of course, it’s a risky type of bet, but the higher stakes more than make up for it.

Due to the large number of permutations involved, you can win a lot on a Lucky 31 bet. If you’re lucky, of course.

Each-way bets are possible on a Lucky 31. As with Lucky 15 or any multiple, this type of bet costs a pretty penny.

Question 5

What Is a Patent Bet in Horse Racing?

Accepted Answer

What’s a patent bet? Think of it as a Trixie bet with singles included. You will be using 3 selections with it, but it’s not a multiple bet. Instead, it’s a full coverage type of bet which means it covers all possible winning outcomes.

You only need one winner from the multiple selections to see a return for your money.

The Patent bet involves 7 bets on 3 different selections. To be more specific, it includes 3 singles on each selection, 3 doubles, and 1 treble.

As mentioned, you’ll need to get one selection right at minimum in order to get a return. Due to the 7 bets included, a Patent costs 7 times more than a single bet.

Many UK punters consider the Patent bet a kind of a bridge between Trixie and Lucky 15. It costs less than a Lucky 15 and guarantees a return with just one winning selection. This makes it great for high rollers and beginner punters as well.

If you don’t have the money for a Lucky 15 or Lucky 31, you can go with a Trixie or Patent bet. There’s a sizeable return if you get all your selections right.

The cool thing about the Patent is that you only need a single selection to win. Thanks to this, this full coverage bet is very popular among UK punters.

Question 6

How to Place a Bet on Horse Racing?

Accepted Answer

Betting on horse racing is very simple. Although you can go to the races to bet at a shop and watch the action live, many UK punters prefer to do it from home.

Why?

Well, it’s much simpler for beginners and you can bet on races from all over the world.

Placing a bet online at the horse racing betting sites isn’t that hard.

Even if you’re completely new to it, you can follow on-screen instructions in order to place your first bet.

The greatest thing about online horse racing betting sites doesn’t just lie in the fact that they have a long list of races. The number of bets you can place is astounding as well.

You also have bonuses and free bets as incentive to join an online bookie and start betting. Add live streams to the mix and you’ve got a complete package that is impossible to beat.

To place a bet on horse racing online, you’ll need to register and fund your bankroll first. Deposits can be done with a number of ways.

Most horse racing betting sites stick to e-wallets as they’re fast and convenient to use. As soon as the money lands to your account, we strongly advise checking the promo section.

You might get a free bet for new players that you shouldn’t miss.

Question 7

Can You Bet on 2 Horses in the Same Race?

Accepted Answer

Yes, you can. You can bet on a single horse to win the race, on a specific horse to place among the top 3 or on 2 horses to finish on specific positions at the ‘podium’.

This type of bet is called a double. It involves placing a bet on both horses combined on a single race. Of course, in order for you to make a profit, both would have to place for you to win.

You can include doubles on accumulators or specific types of bets such as Lucky 15 or Lucky 31 to make an even bigger return.

Betting on doubles offers double the fun than betting on a single horse.

Sure, a bet on a dark horse to win can bring you a pretty nice return, but so can betting on 2 horses to place first and second in the order you’ve placed them can be pretty lucrative as well.

Of course, it’s a lot trickier than betting on a single horse. This means that while you don’t have to be a master punter to do it, you need at least basic knowledge about horse race betting to bet on multiple horses in a race.

The double is not as tricky as, let’s say the Lucky 31 bet, but it still involves a great deal of risk.

Question 8

How to Win on Horse Racing Bets?

Accepted Answer

Well, there’s no magical formula that will help you win each bet you place. Luck plays a part in it, but proper research before the race and following the races regularly will surely give you a clearer idea of what might happen next.

Sports betting in general requires a lot of ‘market’ research before you’re ready to place your bets. All sports are unpredictable including horse racing.

However, by observing the short and long-term form of the horses and how they perform in specific races, you can make more educated predictions.

Even a glance at the race program might increase your chances of winning. If you want to be successful at horserace betting, this means reading a lot before the race.

You’ll need to learn more about the participants, how they fare on certain tracks, how their jockeys ride, etc. You even need to read a bit on the history of the track itself.

Some tracks have long odds winners all the time and that’s something you should keep in mind.

So, before you place a bet on a horse, do your research by reading the form and race guides. Invest a lot in reading – the more you know, the bigger your chances to win some of your bets (not all).

Question 9

What Does SP Mean in Horse Racing Betting?

Accepted Answer

SP in horserace betting stands for starting price. If you’re not familiar with that term either, you’re not alone. Horserace betting beginners have a lot to learn before they place their first bet, and the terminology is a good starting point.

The starting price indicates the odds prevailing on a horse in the fixed-odds betting market before the race begins. Speaking in layman’s terms, the answer is obvious – it’s the price a horse has when the race starts.

Why bet on the starting price? Well, it’s a bit of a gamble that may or may not produce a nicer return.

Let’s put things into perspective.

Let’s say a horse starts at 10/1 and you plan to bet on it. You then have the option to go with the current price or take the SP.

Taking the starting price only makes sense if it’s higher than the current price. You don’t know that until the race starts so you’re gambling with the price a bit hoping for a bigger profit.

Why should you risk things like that? Well, for starters, it’s much more exciting with SP. The great thing about online horse racing betting sites is that promos such as Best Odds Guaranteed have made the starting price almost obsolete.

With that promo, the horse racing betting sites will pay the higher odds even if the SP is lower than the current ones. It’s a great promo which you should claim without thinking twice.

Question 10

What Is the Best Bet in Horse Racing?

Accepted Answer

Well, that depends on you. If you ask different punters you will get different answers. For beginners, a bet on a winner makes a lot of sense.

Doubles might be interesting just like triples, but you’ll need to spend more on them.

More experienced punters like to test their luck with exotic bets such as the trifecta or multiples. These cost more but pay a lot more as well. That’s their blessing and a curse.

However, multiples such as Trixie or Patent are not recommended if you’re new to horserace betting – they required a bit more knowledge.

The best bet on horse racing for most punters would be a dark horse.

If you do your research, you’ll see that long odds such as 20/1 don’t matter on some races. Those horses have a shot and placing a reasonable amount on them can spell a great return.

Just like we mentioned several times before, horserace betting requires a lot of research.

Make sure to do your homework before you place a bet. Reading expert predictions can also help.

Once you pick your favourite and bet, put your money on it and hope for the best. Good luck!.

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FAQ's

What Is a Trixie Bet in Horse Racing?

What Is a Yankee Bet in Horse Racing?

How to Work out a Lucky 15 Horse Racing Bet?

What Is a Lucky 31 Bet in Horse Racing?