Win singles
The simplest of all bets where your selection has to come first for your bet to be successful. Say for example you placed £10 to win on Frankel to win the 2000 Guineas at 2-1. If succesful you get 2 x your stake,plus your stake back. So that 2 x £10 + £10 back = £30 return. If it gets beaten you lose you £10 stake.
Each-way singles
This wager is effectively a split stake bet between win only and place only. It means that you can still get a return even if your selection does not win. So if you placed £5 each-way on Frankel to win the Derby at 12/1 the first thing to realise is that your stake is now £10 with £5 on the horse winning and £5 on the horse getting a place. If Frankel came first,your winnings would be £60 (£5 stake x 12) and your stake would be returned too. As well as that the place section of the bet is also successful. The fraction of the odds varies from race to race depending on how many runners there are and whether or not it is a handicap. It can be either a 1/4 or 1/.5 of the odds. So if in this case it was 1/4 for first,second or third you would get a further £20 for being placed –a quarter of 12 = 3 x by the £5 stake plus the original stake.
If Frankelcame either second or third the win section of this wager would lose but you would still get £20 back thanks to the place bet coming up.
Multiple bets
There are many types of these bets which invole two or more selections:
Double: Two selectiosn linked. So if for eaxmple,if you place a £5 double on Frankel at 2-1 and Pour Moi at 2-1 you are betting on both horses winning. If one loses the bet is down. If Frankel wins you have £15 going on Pour Moi,so if that is succesful you get back £45 for your £5 outlay
Treble:Works in exactly the same way as a double except that three selections are chosen. If four selections or more are used,the bet is known as an accumulator.
Trixie: A bet that involves one win treble and three win doubles –meaning you have to pick out three selections. At least two of them must win to secure a return. The bet can also be done each-way.
Patent:As with the Trixie three selections are involved in a treble and three doubles but there are also single bets on each selection meaning seven bets in total for a win Patent and 14 for an each-way Patent.
Yankee: This takes the Trixie a stage further,incorporating four selections in one four-timer,four trebles and six doubles.
Canadian:Also known as a Super Yankee this is the next step after the yankee –five horses in one five timer,five four-timers,10 trebles and 26 doubles.
Heinz:six selections linked up in one six-timer,six five-timers,15 four-timers,20 trebles and 15 doubles –adding up to 57 bets as the name implies.
Goliath: The ultimate ofmultiple bets with seven selections linked up in one seven-timer,seven six-timers,21 five-timers,35 four-timers,35 trebles and 21 doubles making 120 bets in total –or 240 each-way.