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A Brief Introduction to Different Types of Bookmaker Bets

A Brief Introduction to Different Types of Bookmaker Bets

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One of the most beautiful things about betting on the beautiful game is that it comes with a lot of actions. Among all the sporting activities that punters can wager on, football has the highest number of events in the world, and each football match comes with the highest number of markets and options that punters can choose or select from. This makes betting on football a very exciting activity. 

However, bookmakers do not offer bets on football alone. Sports activities like the American football, basketball, volleyball, handball, cricket, hockey and many others are all offered. The types of bookmaker bets that punters can go for in different sports betting websites in Nigeria are therefore explained below.

Single Bets

This is a situation where one bet is made on an entire coupon. It is very popular and mostly preferred by punters because it presents more winning chances than having up to 2, 3,4 or 5 bets on a single coupon. It simply means staking on a single event on a ticket. Selecting Chelsea to win a match against Manchester city as the only event on your ticket or coupon is an example of this.

Double and Triple Bets

Here, bets are placed on two or three events in a single coupon respectively.   Now, for any of the bets to win, the predictions on all the events must be correct. This means that the results of the two events selected on the double coupon must be predicted rightly, and the predictions on the three events in the triple must all be correct for any of them to win.

Combo, Accumulator/Parley Bets

This is used to explain a situation where the punter selects many events in a single coupon or ticket. This has different names in different areas. But the simple explanation is that it is a situation where a punter selects different options in different markets for several events, and adds them together in a coupon, expecting them to win. This normally turns out very huge possible winnings, but the win rate is very low because the coupon is lost if any of the events fails to win.

For instance, having all the selections below in one coupon;

  1. Chelsea to win
  2. Arsenal to draw
  3. Tottenham to score more than 2 goals
  4. Man city to win first half
  5. Man United to win or draw

Live Bets

Live betting entails wagering on sporting activities that are ongoing. It is the opposite of pre-match bets and can also be combined with pre-match bets in the same coupon. In football, it means staking on some markets or options even when the game has kicked off.

System Bets

The name of this type of bet says a lot about it. It is a systematic type of bet where the punter combines different bets in a fixed suite of events. The punter may select many games and then pack them in the form of 6 out of 8, or 5 out of 7. At the end of the day, if the entire events in the coupon are predicted correctly, the entire system bet has won. But if there are 6 wins out of 8 or 5 wins out of 7 as selected, the coupon also pays out the winning. But here, it would be a lower amount. 

2-way bets

This type is also referred to as moneyline, puckline, draw no bet or win bet, and it simply explains the bet where you predict that a team out of the two playing the match will win it.  Many regions make use of the name ‘win,’ while the United States uses ‘moneyline’.

3 way bet

This is also regarded as the 1x2 bet and it implies choosing from three possible outcomes in a match between two teams. Here, you either select the home team to win, the away team to win or the match to end in a draw. Many people also refer to this as match betting or even full time result.

A Brief Introduction to Different Types of Bookmaker Bets

Asian Handicap

This is a bet where a virtual advantage is handed to one of the teams involved by the sports-book. Here, there is no draw result. In the Asian version, you will get all of your money or part of it back if there is a draw. A draw is regarded as a push here. 

European Handicap

This has some semblance with the normal 3 way bet. It simply means a situation where an underdog in a match receives a handicap to even out the match. Here, a draw is accepted, but only when the goal handicap is matched by the favorite team. This is presented as -1, -1, and -3, instead of -1,5 goals or -1,75 goals.

Over /Under

It is the same as goal line or totals bet, and it’s mostly found on football and basketball events. Here, you predict the number or estimated number of goals or points that the teams will score.  This has nothing to do with who turns out the winner of the match. It’s just about the goals. The bookmaker places odds on different number of goals and you predict if the teams will score more than that or less than that number of goals.

Trixie

Trixie involves placing four bets on three selections that consists of a treble and three doubles. it’s like the system bet, and what you do here is pick 3 football games and win when two of them turn out as you predicted.

Patent

Here, three single bets are added to a Trixie bet selection. You get paid some amount when only one selection wins. However, this won’t amount to any profit. Profit will be made when up to 2 selections win.

Yankee

Yankee happens mostly in horse racing. Here, you select four horses and get paid if two or more of them win. Here, there would be 11 selections including doubles, trebles and an accumulator to pick from.

Heinz

This is used to describe 57 bets on six different selections. It involves a six fold accumulator, 6 fivefold accumulators and 15 fourfold accumulators. There are also 20 trebles and 15 doubles. These are packed in a single ticket and 5x odds paid if one of them wins. If 5 selections win, the payment will see extra 20% bonus. But when all six wins, there is a 33% bonus.

Super Heinz 

This is a bigger form of Heinz with even more selections. In total, you will have 120 bets on 7 selections. However, you can only earn some profits if at least two of the selections win.


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