Single: Betting on the specific outcome of a single event. For example, a £10 bet on Lucky Star to win the 3:10 at Aintree at odds of 4/1. Lucky Star wins the race and you will receive £50 winnings. Any other position in the race the bet will be settled as a loss.

Double: Betting on the specific outcome of 2 events. For example, Liverpool and Tottenham both to win in the Premier League. In order for your bet to be classed as a win, both teams must win their respective matches. If one or both teams fails to win, you bet will be settled as a loss.

Treble: As above, however, the selection includes 3 results and all must be correct for your bet to be settled as a win.

Accumulator (4 or more selections): Up to 12 selections can be made on a single bet slip. Once again all selections must be correct for your bet to be settled as a win.

Each Way: Placing an each way bet means that your bet is split into two. Half being a win and half “to place” These are most commonly used in Horse Racing but can be used in some other scenarios.

For example you place a £10 each way bet on Hedge Hunter in a 10 horse race at 5/1. This will be split as £5 for the win at the full odds. And £5 for the place at one fifth of the odds. In this case that would be evens. In a 10 horse race the place counts as the top 3.

If they win the race you will receive winnings for both sections of the bet at the odds mentioned above. If they finish second or third, the win portion of your bet will be classed as a losing bet. The “each way” section will pay out at the lower odds.

The number of positions included in the “each way” section will vary depending on the number of horses in the race.

Trixie: This includes a number of bet combinations for 3 selections. This consists of four separate bets: 3 doubles and a treble. A minimum two selections must win to gain a return.

Patent: Similar to the Trixie but with all possible permutations on three selections. This consists of 7 separate bets: 3 singles, 3 doubles and a treble. Equivalent to a Trixie plus 3 singles. One winning selection will guarantee a return.

Yankee: This works in the same way as the Trixie but with the inclusion of a fourth selection giving 11 separate bets: 6 doubles, 4 trebles and a fourfold accumulator. A minimum two selections must win to gain a return.

Canadian: The same principle as both the Trixie and the Yankee, this time with 5 selections. This gives a combination of 26 separate bets: 10 doubles, 10 trebles, 5 fourfolds and a fivefold accumulator. A minimum two selections must win to gain a return.

Heinz: Again, we are adding an extra selection to the bet. This time the wager is on six selections and is comprised of 57 separate bets: 15 doubles, 20 trebles, 15 fourfolds, 6 fivefolds and a sixfold accumulator. A minimum two selections must win to gain a return.

Super Heinz: The largest of the combination bets offered at BetUK. This includes seven selections and involves 120 separate bets: 21 doubles, 35 trebles, 35 fourfolds, 21 fivefolds, 7 sixfolds and a sevenfold accumulator. A minimum two selections must win to gain a return.