Down the menu, "decimal odds in sports betting" leads to one family of bets. Beyond the single win bet, a betting menu holds dozens of types, and each way is one of the oldest. It splits a stake into a win bet and a place bet on the same runner. What the rest of the menu offers is variety: props, specials, combinations and more, each with its own settling rules and its own margin, explained here with examples from racing and team sports.
The main types of bets in sports betting fall into a few families. Singles back one outcome. Combinations such as doubles, trebles and accumulators join several. Handicaps and spreads level uneven sides, totals ask about the combined score, and outrights ask who wins a whole competition. Types of bets on horse racing add win, place and each way, forecasts that name the first two in order, and tricasts that name the top three.
Prop bets, short for propositions, ask about events inside a game instead of its result: how many corners, which player scores first, whether a match goes to a deciding set. Types of prop bets split into player props, team props and game props. With examples in hand, the pattern is clear: the narrower the question, the thinner the data behind the price and often the wider the margin, which is why many props carry small stake limits.
Each way bets are calculated with the place terms printed beside the race: a fraction such as one quarter or one fifth, and a number of places. How many places does an each way bet pay? It depends on the field. Small fields may pay two places or none, mid sized fields usually three, and large handicaps four or more. At a quarter of 10.00, the place odds become 3.25 in decimal terms, stake included.
The terms printed beside a race give a fraction of the win odds, such as a quarter or a fifth, and the number of places that pay.
A single backs one outcome, while doubles, trebles and accumulators join several selections into one bet that needs every part to come in.
Two bets of equal stake on one selection, one to win and one to place, so a stake of ten each way costs twenty in total.
The narrower the question, the thinner the data behind its price, so margins tend to be wider and books cap how much they will accept.
A forecast names the first two finishers in the correct order, and a tricast names the first three runners home, also in order.