What Is A Treble Bet?
A treble bet is any kind of bet that’s made up of three selections, whether it be a premier league match, horsing racing or really any other sporting event. It’s a type of accumulator bet – an accumulator is any bet with two or more selections. Treble bets are a popular option for fixed odds betting since they can offer quite large payouts, though all three selections need to be successful for your bet to pay out.
The reason treble bets can be quite lucrative is because the payout from your first selection is used as the stake for your second selection; also, the payout from your second selection is used as the stake for your third selection. Placing a treble bet has the potential to be much more rewarding than placing three single bets. However, treble bets are a lot riskier than single bets, so you might want to think carefully before placing them.
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Treble Bet Explained
A treble bet can be made up of pretty much any three separate selections. It could consist of bets on three different horse races, for example. Let’s have a closer look at exactly how these bets work.
You want to bet on three horse races and decide to place a treble bet. Your first selection is for horse A winning the first race. You second selection is for horse B winning the second race. Finally, your third selection is for horse C winning the third race. You decide to spend £10 on this bet. To keep things simple, we’ll say that all three horses you’ve chosen to back have odds of 2/1. For a treble bet to pay out, all three selections have to be successful; in other words, all chosen horses have to win their respective races.
Let’s assume all three horses win. For the first selection, your £10 bet results in a total payout of £30 – at odds of 2/1, £20 is your winnings, while the remaining £10 is your initial bet being returned. Now you have £30. For the second selection, £30 is used as your stake. With the horse winning, you receive your £30 back and £60 in winnings, for a total of £90. For the third selection, £90 is your stake and since the horse wins, you receive the £90 on top of £180 in winnings. With all three selections winning, you’ll receive a total payout of £270. Since your initial bet was £10, this means that for this treble bet, you’ll have made a profit of £260.
If you’d backed the three horses with three separate bets, your profit will be a lot lower. Let’s say you spend £10 in total on these three bets. With £10 in total spent collectively on the three bets at odds of 2/1, your overall payout is £30, of which £20 is profit. So if you spend £10 on a treble bet, you stand to make quite a hefty profit. If, on the other hand, you spend £10 on three separate bets covering the same selections, you can still make a profit but it won’t be anywhere near as big. Treble bets, however, aren’t as likely to pay out as three single bets, simply because all three selections need to be successful. With separate bets, you can still make money even if not all of your selections win.
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How Does A Treble Bet Work?
Treble bets basically put together three separate bets into one. They can be quite lucrative since each selection’s payout is used as the stake for the next selection. Calculating your potential payout for treble bets is easy enough to do. The quickest way to do this is to use a treble bet calculator. To use one of these, you simply enter your stake for the bet, as well as the odds for the three selections. The betting calculator will tell you what you stand to make if all three selections win. If you want to calculate the payout yourself, first you’ll need to decide how much you’ll be betting with. Then, decide which selection is going to be your first, which will be your second and which will be the third. To work out the payout for each individual bet, you’ll need to look at the odds. In the UK, odds are most commonly represented as fractions – we’ll use this format to keep things simple. We’ll also use easy odds of 2/1.
The number on the right is your bet; the number on the left is your winnings. You place a £10 bet on a horse race, for example, with odds of 2/1. To calculate your winnings, divide your bet by the number on the right, then times it by the number on the left. For a £10 bet, therefore, you would earn £20 in winnings. Whenever you win a bet, your initial stake is returned, so you would end up being paid £30 – £20 in winnings and your £10 stake. For treble bets, remember it’s the overall payout, i.e. your winnings and your bet, that are used as the stake for your second and third selections.
How To Place A Treble Bet?
It’s very easy to place treble bets at online betting sportsbook. You will need to register with the betting site first. Enter your contact details, receive the sms validation code and off you go. Now look through the available betting markets and find the three events or races you want to bet on. For each one, click on the odds (you can choose decimal or fractional odds) and the bet will be added to your bet slip. Once you’ve got three bets lined up in your bet slip, you should see an option to group the bets together as a multiple or accumulator bet.
If you decide to group the three as a treble bet, you’ll just have to enter your stake, review your bet and potential total gain and confirm it. Your bet will then be placed and if all three selections win, you’ll stand to make quite a handsome profit.