Betting terms glossary

An each-way bet is two bets in one: half your stake on the selection to win, and half on it to “place” (finish in the top few — often top 3 or 4).

An accumulator (“acca”) combines several selections into a single bet, rolling each leg's winnings onto the next.

A Lucky 15 is 15 bets across 4 selections: 4 singles, 6 doubles, 4 trebles and 1 four-fold accumulator.

A Yankee is 11 bets across 4 selections: 6 doubles, 4 trebles and 1 four-fold.

Best Odds Guaranteed (BOG) is a horse-racing promotion: if you take an early price and the starting price (SP) returns bigger, the bookmaker pays your winnings at the larger odds.

Cash Out lets you settle a bet before the event finishes, taking a bookmaker-offered amount based on the current odds instead of waiting for the result.

Evens (or “even money”, written 1/1 or 2.0 in decimals) means you win the same amount you stake.

Acca insurance refunds your stake — usually as a free bet, up to a cap — if your accumulator loses by just one leg.

A void (or “non-runner”) bet is one the bookmaker cancels and refunds because it can’t stand — a horse that doesn’t run, a postponed match, or a market settled incorrectly.

Fractional odds (e.g.