Types of bets – A Guide To Horse Racing Betting

Get an insight into types of bets with our guide to horse racing 

Most people like to have a bet on the horses every now and again, with few other sports offering such glitz, excitement and drama.
Racing has become one of the nation’s favourite sports – especially when it comes to betting.


Types of bets - guide to horse racing


There are many betting types to choose from when placing a wager. From singles to multiples, we have a list of some of the most popular types of bet. Betting each way and help understanding on how to read bet odds.

Betting types


The most popular betting type, a straight win with one selection picked from one single event.


Two selections combined into one bet. These will be running in two different events and must both win for a return.


Three selections from three different events. Again all three will need to win for a return. No part returns.


Four or more selections that are combined into one bet. This bet is very popular with those that like the chance of big returns from a small outlay.

Lucky 15

Arguably the most popular bet in The Sport of Kings. Consists of four selections and 15 bets – four singles, six doubles, four trebles and a fourfold. A each way Lucky 15 also consists of four selections but with 30 bets. For example a £1 Lucky 15 would usually cost £15, however a E/W bet would instead cost £30.

Lucky 31

A Lucky 31 consists of 31 bets of equal value on selections in five separate events: five singles, ten doubles, ten trebles, five four-folds and one five-fold accumulator. For example a £1 Lucky 31 costs £31.

Lucky 63

A Lucky 63 is a bet made up of six selections and 63 bets, including: six singles, 15 doubles, 20 trebles, 15 fourfolds, six fivefolds and one sixfold.

Heinz Bet

The Heinz bet is made up or six selections and consists of 57 bets of equal value on selections in six separate events: 15 doubles, 10 trebles, 15 four-folds, six five-folds and one five-fold accumulator. For example a £1 Heinz bet costs £57.


Each Way Bet

Put simply, an each-way bet is two bets on the same horse – one bet on the horse to win, and another on the horse to be placed.
It costs double the amount of a win-only bet, but gives you a better chance of a payout.
If the horse wins, you win both parts of the bet; if it is placed you only win on the place part – usually a quarter or a fifth of the winning odds.


A forecast is a bet on the horses that you think will come first and second in a race, while a tricast is a prediction of the top three.
Whatever is won on the first horse then rolls over onto the second (and third), meaning that returns are better than just predicting the winner. Sounds tough, but can come in handy when betting on a race involving a short-priced favourite.


Forecasts and tricasts can also be reversed, meaning that you can predict the top two or three to finish in any order.
The stake will be higher, as you are betting on a number of different outcomes.


Sign up for daily racing advice, knowledge and useful information courtesy of the experts now



Big odds on ITV Racing! Get on today's big odds ITV Racing Tips

"*" indicates required fields

This field is for validation purposes and should be left unchanged.




18+. UK+IRE only. Min first bet £10 at odds 1/2 or more. Tote and Pool excluded. Must be placed within 14 days of account reg. £30 credited as 3x £10 free bets. Not valid with Cash Out. Free bet valid for 4 days. Free bet stake not returned. T&Cs apply.

Bet £10 on Horse Racing & Get £30 Free Bets

Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. 18+.


New customers only. T&Cs apply. 18+. begambleaware.org #ad


18+ Opt in. bet £10 on Horse Racing, odds 2.00+ in 7 days, no cashout. Get 3x £10 Free Bets, set events, odds 2.00+ & £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7-day bonus expiry. Card payments only. Click for T&Cs. begambleaware.org

Bet £10 on Horse Racing & Get £20 Free Bets

18+, UK only. Deposit and place a £10 cash bet at single or accumulated odds of 1/1 or greater and we will give you £20 in free bets. Applies to first cash bet only. Free bets credited as 4 x £5 bets. Cashed out, Void or ‘Draw No Bet’ wagers do not qualify for this promotion. Free bets are credited by midday the following day. 7-day free bet expiry. Available once per customer. Full T&Cs apply.

🔸Bet £10 and Get £40 Free in Bonuses 🔸

New 18+ UK customers only. Register using the promo code CHELT40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required. Full T&Cs apply.
Bet365 Horse Racing Bookmaker Sign Up Advert
Get free tips by email
Just click here
Lost your password? Click here

Login not working? Click here