Types of bet - single bets

Single bets probably offer the most reliable and consistent way of getting steady returns from betting:

Win single

Favoured by the pro’s this bet consists of your stake placed on one horse to come in first. You can place this bet with a bookmaker, and take the odds he offers, or you can place it on the TOTE where you do not know the odds, and get a share of the pool if the bet wins. Around 90% of all bets paid out by the bookmakers are on WIN singles.

On all bets you get your stake back if the bet wins as per your instructions.

Place single

The place part of each way bets will be calculated on the number of runners taking part in the race as follows:

Number of Runners Place Fraction Number of places paid

All Races:

2 - 5 All To win 1

6 - 7 1/4 2

8 – 11 1/5 3

If it’s a Handicap race, then:

12-15 1/4 3

16-21 1/5 4

22+ 1/4 4

Place only bets are not accepted in that many places any more, they must usually be made as part of an each way single.

Each way single

This consists of two bets, the 50% on the WIN SINGLE, and 50% on the place, which covers you for a horse placed 2nd or 3rd . The place part is usually paid as 1/4 the odds, although each bookmaker does change this slightly due to runners, race type, etc.

You can bet this on the tote as well, but you have to put 50% in the win, and 50% in the place pool, although they will accept it written E/W on a slip. Again payout depends on how much is in the pool.

As this bet consists of 2 bets, if only the place part comes in, you will only get 1/2 your stake back.

Unless you are using the TOTE, you must always place equal, or more on the WIN portion of the bet. You can place 60%-40% on with bookmakers, but 40%-60% with the TOTE, or any other splits. Many people are unaware of this and this type of betting can prove lucrative.

So if your horse came 2nd at 16/1 in a 18 runner handicap it would pay;
£5 each way = £10 total stake
16/1 divided by 1/4 the odds = 4/1
4/1 X £5 (place part only) = £20 + your £5 stake back.
If it won you do the same, and also add the win portion of the bet + stake to your total return.

Bar bets

This is a method that bookmakers use of offering a price on all the outsiders in a race. It can be offered ‘bar one’ meaning you are betting on everybody except the favourite, or it can alternatively be offered against the best two, three, four etc horses, or all against all horses with odds under a certain level.

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