Types of bets

When you begin betting at a popular “bookie,” you are often asked the differences between the various bets and which of them is the best. As far as the differences are easy to point out, choosing the most profitable bet is practically impossible. Below, you will find the general principles, advantages, and disadvantages of each type. First of all, it’s worth mentioning that the choice of a given bet type doesn’t depend on the betting amount or the selected events but solely on the player’s preferences.

Single

The simplest possible choice when it comes to getting started with betting. It is characterized by the fact that the player chooses a single event. From the wide range available at the bookmakers, the player chooses a specific type, and it can be a victory of the given team or the number of goals (or points). The fact that only one event is bet on is associated with relatively low risk, especially after a well-conducted analysis. However, lower risk also means lower odds, which entails smaller winnings; that is why single bets are mainly chosen by bettors playing with higher amounts – small odds times big amount = relatively high winnings.

Accumulator

Accumulated bets, as the name suggests, include several (from two up to the number set by the bookmaker) events combined in a single bet. It is as if several Single types were combined into one bigger bet. This is currently the most popular way of betting used by players. The odds of individual events are multiplied by each other – the more events there are, the higher the potential winnings. This allows you to win a large sum of money despite a small deposit. However, in contrast to the above presented Single type, the risk here is greater and increases with each subsequent bet. The whole difficulty of playing an accumulated bet is that you will get the money only if all the events are predicted correctly. Some bookmakers (especially with very high odds) give the opportunity to play the so-called safe bet, which allows you to have one wrong bet, but this is associated with much smaller winnings.

You can also come across the names double or treble. Those names mean nothing more than double or triple bets, which can be classified in the general accumulator category.

Block

It is recommended for more experienced players. It consists of creating the so-called blocks. A block is one (as in single) or several (as in accumulator) events. The whole bet is a combination of several such blocks. Then you need to determine how many blocks should be hit to win (for example, three blocks out of five). To be counted as a win, all the betting events must be predicted correctly. The more blocks you hit – the higher the winnings. The margin of error that allows for incorrect prediction of one or more of such blocks gives more security than the aforementioned accumulator bet. However, it’s easy to guess that in betting – lower risk means lower profit.

These names may differ slightly from one bookmaker to another, but the playing pattern is the same. From the above descriptions, it is easy to conclude that there is no single best type that guarantees a win every time. You always have to consider the risk – after all, the so-called betting is gambling. Each bet type has its pros and cons, but it all comes down to simple equations – high probability = lower winnings and vice versa, low probability = higher winnings.