Glossary of bets offered by UK bookmakers
type of bet made on one selection
This is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom. The "multiple-selection" bets in particular are most often associated with horse racing selections but since the advent of fixed-odds betting on football matches some punters use these traditional combination bets for football selections as well.
Types of bet
Win
A bet that produces a return only if the selection comes first in an event (i.e. wins). A win bet may be placed on a single event.
Place
A bet that produces a return only if the selection finishes first or within a predetermined number of positions (places) of the winner of an event. The return is often based on a fixed proportion of the win odds of the selection.
Each-way
A combination of win and place bets of equal size. Each-way bets may be placed on a single event or on two or more selections in a multiple bet. Each-way multiple bets are settled on a win-to-win and place-to-place basis.
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