The Different Types of Bets: Explained

If you have ever been to a casino, watched someone play poker, or have been gambling online, then you might have asked yourself at least once what all those different betting options are. In this article, the different types of bets are explained with some examples so that you can better understand how they work and which one is most suitable for your style of play.

Accumulator Bet

An accumulator bet is a multiple bet consisting of at least two selections and combining several bets into one single bet. The combined odds must be lower than the sum of the individual odds.

Before you learn how to do an accumulator on Bet365 or any online betting site, you must at least have a fair grasp of what this type of bet is. For starters, each selection forms a separate bet, which means that at the end, all (or some) bets can be won or lost independently from each other. For example, if Team A wins, Team B loses automatically even though team B could have finished first in this case. This leads to an interesting effect that allows you to potentially win all your bets by just winning one of them even though normally only one winning selection is needed for winning. However, should both teams win their games, then there are no winners but the stakes are rolled over to the next round so you can do this for example for the finals.

Accumulator bets are great because they offer higher returns than similar single bets under specific circumstances. The key to profiting with accumulators is to stake more on selections that have worse odds, but if you include enough longer shot selections you stand a good chance of winning your entire bet.

Stand Bet

The most basic bet in Blackjack is known as a “stand” bet. This is a bet where a player does not draw any additional cards and simply stands on the hand they currently hold. Player’s must place chips directly behind their stand bet before they make their first card draw. In poker, players usually make either a call or raise when another player bets. A call is when a player matches the amount of the bet made by another player, and a raise is when a player adds more money to the current bet or bets.

For this example, let’s use craps, but most betting games have similar rules. Players have two options before they roll the dice: Pass Line bet or Don’t Pass Line bet. If you are already familiar enough with craps then just replace “don’t pass” with “come” and it will work for that too.

Pass Line Bet

This works very similarly to blackjack’s stand bet in which you’re staking your chips behind your chosen wager before you actually place your chips onto the table (meaning that you shouldn’t place any chips onto the table until you have chosen your Pass Line bet). If a 7 or 11 is rolled before a 4, 5, 6, 8, 9, or 10 then the Pass Line bet wins. The Pass Line bet loses if a 2, 3, or 12 is rolled before the Point (4*, 5*, 6*, 8*, 9*, or 10*) is rolled.

If another Point is rolled, then players can make another Pass Line bet by placing their chips behind their previous Pass Line wager. If one of these Points is rolled again before a 7 is thrown, this results in the original Pass Line bettor winning even more money depending on how much they wagered originally. A player may also choose to make a new Pass Line bet whenever another Point is rolled, but this would be considered an “odds” wager because the person will only get paid even money on their Pass Line bet instead of having to risk more chips.

Don’t Pass Bet

This works very similarly to blackjack’s stand bet in which you’re staking your chips behind your chosen wager before you actually place your chips onto the table (meaning that you shouldn’t place any chips onto the table until you have chosen your Don’t Pass Line bet). If a 7 or 11 is rolled before a 4, 5, 6, 8, 9, or 10 then the Don’t Pass Line bet wins. The Don’t Pass Line bet loses if a 2, 3, or 12 is rolled before the Point (4*, 5*, 6*, 8*, 9*, or 10*) is rolled.

If another Point is rolled, then players can make another Don’t Pass Line bet by placing their chips behind their previous Don’t Pass Line wager. If one of these Points is rolled again before a 7 is thrown, this results in the original Don’t Pass Line bettor winning even more money depending on how much they wagered originally. A player may also choose to make a new Don’t Pass Line bet whenever another Point is rolled, but this would be considered an “odds” wager because the person will only get paid even money on their Don’t Pass Line bet instead of having to risk more chips.

Place Bet

This is like the don’t Pass Line bet except that players may make their chips directly onto the table whenever they choose (unlike in blackjack where you must place your chips behind your initial wager). The goal of this bet is to win when a 7 or 11 is rolled before a 4, 5, 6, 8, 9, or 10. Don’t Pass bets will also win on 2, 3, or 12 if another Point has already been established prior to rolling these numbers. If a 7 or 11 is rolled then both the originally placed bet and don’t pass bets will lose.

Lay Wagers

These are similar to Don’t Pass line bets with one major difference: instead of having two ways to win, a player only has one way to win and two ways to lose. A Lay bet can be made anytime another Point is established (4*, 5*, 6*, 8*, 9*, or 10*), and it wins if the same Point is rolled again before any other Point (except for 12) comes up. If the same Point is not rolled again before a 7 is thrown then this results in a loss for both types of Lay bets: those that were already placed onto the table as well as those that have yet to be placed.

In conclusion, players can place a variety of different wagers onto the craps table. Some bets are made on Pass Line/Don’t Pass line bets while others require a player to make a separate bet first. One thing to keep in mind is that the odds behind all of these wagers may not be as straightforward as you might think. The best way for players to learn how each of these bets works is to research these bet types, practice them out on a simulator found online or at their local casino, and determine which one suits your play style.