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Basic Bet Types: Handicap Betting on the handicap is valuable when one team is heavily favoured over their opponents. To counter the perceived bias in ability, bookmakers offer a handicap to level the playing field. If the result was to Napoli, bets on Napoli would win as the 0. If the result was a draw, however, bets on Borussia Dortmund would win, as the 0. Therefore you can win both bets, just one, or lose both. The focus is not on finding the winner of a particular event, but predicting the outcome of game variables e.

For the hypothetical Borussia Dortmund and Napoli example, the total goal mark is set at Over 2. In the scenario where the original field size was eight runners and one runner was a late scratching, the first three runners across the line will be paid out for place bets. Each way betting Each way betting involves one wager on the selected runner to win, and another wager on the selected runner to place.

Lay betting Lay betting is a bet type that is completely unique to Betfair , and involves betting on an outcome not to happen. If you are placing a lay bet on a runner in the Win bet market, you are betting on that runner to lose the race. Further, if you are placing a lay bet on a runner in the Place only market, you are betting on that runner to finish out of the first three. Exotics Exotic bets involve more runners and more risk, but offer greater odds as a result.

Exacta: 1st and 2nd in correct order, with the odds determined by the tote. Quinella: 1st and 2nd in any order, with the odds determined by the tote. Duet Quinella Place : A popular option in Hong Kong betting, which involves selecting any two of the first three placed horses in any order. Forecast: Similar to an exacta, a forecast is 1st and 2nd in the correct order, but the price offered is fixed.

Trifecta Trio : 1st, 2nd and 3rd in any order. Double trio: 1st, 2nd and 3rd in any order in two races at a particular meeting, as nominated by the TAB. Triple trio: 1st, 2nd and 3rd in any order in three races at a particular meeting, as nominated by the TAB.

Six Up: 1st or 2nd in six races at a particular meeting, as nominated by the TAB. Boxed trifecta Tierce : 1st, 2nd and 3rd in the correct order. First four: 1st, 2nd, 3rd and 4th in any order. Boxed first four Quartet : 1st, 2nd, 3rd and 4th in the correct order. Running double: Where you select the winner of consecutive races at a particular meeting.

Daily double Where you select the winner of two races at the same meeting, as nominated by the TAB. Treble: Where you select the winner of three races at a particular meeting, as nominated by the TAB. Big 6: A Big 6 requires you to select the winner from six nominated races.

Multi bet A multi bet involves combining a number of selections into one bet, effectively multiplying your odds, where all legs of the bet must be successful. Parlay Parlay betting involves multiple legs and consists of a set number of combinations for each type of bet.