Full cover bet
Encyclopedia
A full cover bet is any bet
which consists of all available multiple bets over a given number of selections.
Examples of full cover bets:
Examples of full cover bets with singles included:
The Lucky bets are so named because of the bookmaker's
practice of offering bonuses for one or more winning selections; most common of which is 'double the odds' for one winner. The offering of a percentage increase in winnings for the success of two or more selections in these Lucky bets is primarily to compensate for the compounding of the overround
when two or more events with individual overrounds on their books are combined in doubles, trebles and accumulators.
Gambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...
which consists of all available multiple bets over a given number of selections.
Examples of full cover bets:
- Trixie - three selections
- Yankee - four selections
- Canadian or Super Yankee - five selections
- Heinz - six selections
Examples of full cover bets with singles included:
- Patent - three selections
- Lucky 15 - four selections
- Lucky 31 - five selections
- Lucky 63 - six selections
The Lucky bets are so named because of the bookmaker's
Bookmaker
A bookmaker, or bookie, is an organization or a person that takes bets on sporting and other events at agreed upon odds.- Range of events :...
practice of offering bonuses for one or more winning selections; most common of which is 'double the odds' for one winner. The offering of a percentage increase in winnings for the success of two or more selections in these Lucky bets is primarily to compensate for the compounding of the overround
Mathematics of bookmaking
In betting parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The term originates from the practice of recording such wagers in a hard-bound ledger and gives the English language the term bookmaker for the person laying the bets and thus...
when two or more events with individual overrounds on their books are combined in doubles, trebles and accumulators.
See also
- Glossary of bets offered by UK bookmakersGlossary of bets offered by UK bookmakersThis glossary of bets offered by UK bookmakers is a non-exhaustive list of traditional and popular bets offered by bookmakers in the United Kingdom...
, a list of traditional and popular bets. - Mathematics of bookmakingMathematics of bookmakingIn betting parlance, making a book is the practice of laying bets on the various possible outcomes of a single event. The term originates from the practice of recording such wagers in a hard-bound ledger and gives the English language the term bookmaker for the person laying the bets and thus...