Do you know what sports are the most popular when it comes to betting in the United Kingdom?
It won’t surprise you to learn that two sports tend to dominate the markets for betting with sites like bet365 Sport; horse racing and soccer betting.
Now for those punters that like to bet on the horses, there are some exciting betting markets available for races, yet for many, the most adventurous types of bet that they will place are win or each way bets.
There is, of course, nothing wrong with either of these bets. Win bets offer a bigger potential return if you can pick the winner from the field, but Each Way bets offer you a little added security in that they will offer a return if your selection finishes in any of the paying places for that race.
However, it is a real shame, not to mention very limiting, if you just focus on these two types of bet when betting on the horses, especially when there are a number of other horse racing bets that you could place that offer just as much, if not more, excitement.
People often shy away from these bets because they may not understand how they work, or how much the bet will cost to place, so in this article, we are going to try and clarify some of these lesser-used bets and give you clear advice on how to use them.
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If you have been to a racecourse in the UK, then you may well be aware or have even bet using the Tote, well if you have, then the Placepot bet is a similar betting option which is available at bet365 Sport (as well as other sports books).
A Placepot bet is a wager on the first six races of a horse racing meeting. The aim of the bet is for you to pick a horse that will finish in one of the paying places for each of the six races.
You must make at least one selection for each of the six races, but you can back more than one horse in any given race. However, the more horses you back in each race, then the more lines you will have to cover with the bet and the more expensive it will be to place.
For example, if you pick just one horse in each of the six races for your placepot, with a unit stake of £10 then your total stake would be 1x1x1x1x1x1=1 which equates to you needing to cover one line, with a single £10 bet.
However, let’s say that you pick two horses in the first race and two in the final race. Now you have more lines to cover as 2x1x1x1x1x2= 4, so with a £10 unit stake, this placepot bet would cost you £40.
Now, if you wanted to spend no more than £10, then you could reduce your unit stake for this second bet to £2.50 as 4x £2.50 = £10.
Once your bet is placed, you can then sit back and watch the action unfold. If you manage to be one of the lucky winners then the amount you win is decided by the prize pool for the placepot.
Placepot winnings are stated as a dividend per £1 bet. So for example, if your £10 placepot bet wins and the dividend is £100, then you would receive £100 x 10 = £1,000 for the successful bet.
In addition to the Placepot bet, you can also place a number of other bets similar to this type of bet with bet365.
A Quadpot bet is a similar bet to the Placepot but is based upon four races from a card, not six and this bet is run in conjunction with Colossus, rather than Tote for the Placepot bet.
Another, but much more difficult to win bet are the Win 4 or Win 6 bets. These are similar to Placepot bets or Quadpot bets in that you make four or six selections, but with these bets you are backing each selection to win only.
One thing to note is that some of these types of bet do offer the option to cashout the bet at various points, so this is something you can keep track of, especially if you are concerned one of your selections may not land the result you need in that race.
If you don’t have the time to watch four or six races and want a bet that you can get the result of from one race only, then Forecast and Tricast bets are a great option for you to consider.
A Forecast bet is a bet where you pick two horses from the field and you must indicate in the bet which one will win the race and which horse will finish second.
A Tricast bet simply expands on that by adding a third horse into the mix, which you must of course identify as finishing third behind the first two selections.
A straight Forecast or Tricast bet is a single bet as you are naming the exact order of the horses finishing, so for a £10 unit stake, a Straight Forecast or Tricast would cost you £10.
Of course, predicting the finishers in an exact order is tough, but there is a bit of flexibility available as you can instead opt to place Combination Forecast or Combination Tricast bets.
With these bets, you do not have to specify which of your two selections will finish in a specific position. For a Combination Forecast you pick two horses and they need to finish in the top two in any order.
With the Combination Tricast, you pick three horses and they need to finish in the top three in any order.
Given that you are now covering more outcomes for each race, the size of your bet per unit stake would increase. A Combination Forecast has two possible outcomes (1-2, 2-1) so for a £10 unit stake would cost £20 to place.
A Combination Tricast though has Six possible outcomes (1-2-3, 1-3-2, 2-1-3, 2-3-1, 3-1-2, 3-2-1) so for a £10 unit stake, this bet would cost you £60 to place.
These are two commonly available bets you can make on horse racing with bet365 and they are well worth a closer look if you only ever place win or each-way bets as it can make the whole experience a bit more exciting.
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