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Betting terms explained: Accumulators, each-way & other football odds terminology

Betting is one of most popular pastimes in the world but it can be daunting for new players, especially given some of the shorthand used by more seasoned punters.

Many types of bets are available and Goal has collated some of the terminology used by betting companies and bettors.

What is an accumulator?

One of the most popular football bets is an accumulator, also known as an 'acca', which combines bets from multiple games into one bet to create a bigger payout.

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This is done by multiplying the odds together of each individual selection and allows the player to bet on every outcome happening in a single bet. Two selections is called a double and three is a treble.

However, as more selections are added to an accumulator, the higher the odds get and so the less chance it has of being a successful bet.

For instance, a bet at Evens (2.0) has a 50 per cent chance of landing but combining three of those takes the chance from 50% down to just 12.5%, or 7/1 (8.0).

What is each-way in betting?

An each-way bet consists of two separate bets and allows punters to get paid out on an outcome even if it does not win.

Although typically associated with horse racing with bettors allowed to stake an amount on a horse winning and the same amount on the horse finishing in the predetermined places, which is usually anywhere between second and fifth depending on how many runners there are.

It also exists in football, particularly in outright betting, with punters able to bet each-way on the winner of a league or cup.

For instance, backing Italy each-way at 11/1 (12.0) to win Euro 2021 with bet365 will see players paid out if they reach the final but lose. A £5 each-way bet, for a total outlay of £10, will pay out £92.50 if Italy win the tournament or £32.50 if they lose in the final.

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What is a Lucky 15?

A lucky 15 bet is made up of one fourfold, four trebles, six doubles, and four singles, meaning it requires four selections.

The initial stake is the value of each leg and is multiplied by 15 to create the final wager amount, offering protection for bettors if not all of their selections are winners.

For example, if only three of the selections are successful then the punter will be paid out on one treble, two doubles and three singles.

These types of bets are particularly popular for tournaments like the FA Cup as it allows people to back underdogs and be paid out in part even if they all do not upset the book.

Odds correct at the time of writing. Please gamble responsibly.