When placing bets, you can choose from three main types: singles, multiples, and systems.
- A single bet involves selecting one specific market or event.
Your potential winnings are simply calculated by multiplying your stake by the odds at the time of the bet. If your prediction is correct, you'll receive the corresponding payout.
- A multiple bet, or parlay, combines several selections into a single wager.
To win, all your chosen outcomes must be correct. The potential payout is calculated by multiplying the odds of each selection and your stake, often resulting in higher returns than single bets. However, if even one selection is incorrect, the entire bet is lost.
- System bets involve combining three or more selections.
The key distinction is that with system bets, you can still win even if some of your picks lose—depending on the type of system you choose. When placing a system bet, you can select specific formats like a "Yankee" directly on your betslip. This choice determines how your selections are grouped into different combinations. As a result, you may still receive a payout based on the number of correct selections, even if not all of them are successful.