The long odds offered in horse racing bets can attract all sorts of bettors.
Full cover betting is not the same as making a parlay bet.
With parlays, you will need all your selections to come through to win.
When you place a full cover bet, you will make a handful of bets.
The amount you win will depend on how many of your selections come through.
Full Cover Bets Broken Down
Full cover bets can be broken down into numerous single bets.
you could then either place a Trixie bet or a Patent bet.
The Trixie comprises 4 different bets, each of which will require a stake of equal value.
The Patent has 7 different bets, which also have to have stake of equal value.
Trixie bets comprise 3 doubles bets and 1 treble bet.
Patent bets comprise 3 singles, 3 doubles, and 1 treble bet.
Let’s say you have a budget of $7 for all three different types of bets.
With the parlay, this is a straight $7 on one combination bet.
In the Trixie bet, you’ll wager $1.75 on four separate bets.
For the Patent you’ll wager $1 on each of the seven bets.
But should only 1 fail then it will not bring any returns.
It works best with longer odds, and horse racing can provide that.
The same can be said about these horses in their respective races.
What you should take out of this is the massive gulf in difference between the potential winnings.
you’ve got the option to either make a Yankee bet or a Lucky 15.
The Yankee bet consists of 11 separate bets: 6 doubles, 4 trebles, and 1 four-fold bet.
Here is the full list of what you could expect to win in each scenario.
If you only win half of your predictions, you will still be in a small profit.
The Lucky 63 consists of 63 bets including all 57 from the Heinz and an additional 6 singles.
When you place your bet, your slip should indicate how much you could potentially win.
These only require you to write in the odds for each individual horse.
you’re free to then check the potential winnings if all horses win or what would happen otherwise.
The potential winnings are then recalculated and you’re able to see how much you stand to win.
All in all, full cover bets offer punters great rewards with plenty of coverage.
It is far riskier to place a parlay bet as one race can spoil the entire bet.
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