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Horse race betting terms

Accumulator
Also known as a roll-up and in the US a parlay. This is a bet that consists of four or more selections, all horses must win for the wager to be successful.

Canadian
Also known as a Super Yankee. A Canadian is a bet consisting of 26 bets with 5 selections in different events. The bet breakdown is 10 doubles, 10 trebles, 5 four-folds and one 5 fold.

Double
A bet consisting of two selections, both of which both horses must win for the wager to be successful

Each way
An each-way bet consists of two wagers. The first is for the horse selection to win and the second is for the horse selection to achieve a place. The place odds are determined by the individual conditions of each event

Favorite
The favorite is the horse considered most likely to win and therefore has the shortest odds or smallest payoff.

Fold
When preceded by a number, a fold indicates the number of selections in an accumulator. An 8-Fold would be an accumulator with 8 selections, all horses of which must win for the wager to be successful

Forecast
A Bet that involves correctly predicting the first and second in a horse racing event. This wager can be reversed or premed.

Goliath
A goliath is a multiple consisting of 247 bets involving 8 selections in different horse racing events. The bet breakdown is 28 doubles, 56 trebles, 70x4-folds, 56x5-folds, 28x6-folds, 8x7-folds and one 8-fold.

Heinz
a Heinz is a multiple consisting of 57 bets involving 6 horse selections in different events. The bet breakdown is 15 doubles, 20 trebles, 15x4-folds, 6x5-folds and one 6-fold

Odds
Also known as the price. The chance a bookmaker offers for a selection to win

Odds On
A situation where more money must be risked than can be won

Patent
A multiple bet consisting of 7 bets with 3 selections in different horse racing events. The bet breakdown is 3 singles, 3 doubles and 1 treble

Permutations
It is possible to 'perm' bets or selections. For example, if you made 3 selections, (x, y and z) you could perm all the possible doubles. In this case 3 individual bets would be possible; xy, xz, and yz, a total of 3 bets or lines. Similarly, with 4 selections, (w, x, y and z) the possible doubles could again be permed and would become wx, wy, wz, xy, xz and yz; now 6 individual bets or lines

Single
A straight bet on one horse selection to win one horse race.

Treble
A horse racing bet consisting of three horse selections, all of which must win for the wager to be successful

Tricast
A wager that involves correctly predicting the first, second and third place in a horse race event, this wager can be permed

Trixie
A Trixie is a multiple bet consisting of 4 bets with 3 horse selections. The bet breakdown is 3 doubles and 1 treble