What is Back Bet? Back Bet Explained in 2 minutes

What is a Back Bet?

A back bet is a bet in which money is wagered on a specific result – often a horse winning a race or a team winning a football match. When you place a back bet, you are basically “backing” that horse or team to win. Betting terminology can sometimes seem slightly daunting, particularly to those without much experience.

Faced with terms such as combination bet, ante post and dutching, someone new to gambling might come to the conclusion that it’s too complicated to get to grips with. That’s why we offer Betting Strategy Guides for all of the major sports and betting events. Perhaps the best advice as well is to start with possibly the simplest type of bet of all, which is a back bet.

How is Back Betting used in Sports Betting?

When a back bet is placed in sports betting, the stake is wagered on a specified outcome, with the odds offered by the bookmaker determining how much will be received if that outcome actually happens. The following are examples of common types of back bet:

If you go to our Betting Odds Comparison page you can see every soccer match happening all over the world and the different odds each sportsbook is giving for it. Say you want to bet on Liverpool to beat Everton at odds of 6/1. If a back bet of $5 is made at these odds, and Liverpool win the match, then the pay-out will be $35, $30 profit plus the original $5. If the match is drawn or Everton win, the stake will be lost.

A bet on a horse to win a race at odds of 16/1. Assuming a £5 stake again, if the horse wins the race in question the pay-out will be £85, £80 profit plus the original £5 stake. Nothing will be paid out if the horse finishes second, third or fourth, which is commonly known as placing.

Back bets offer a fantastic opportunity for coming to grips with the basics of sports betting such as choosing who or what to bet on, evaluating odds and deciding how much it is worth risking. Becoming familiar with factors such as these will form the perfect foundation for moving on to more complex and varied betting options such as each way bets, accumulators and in play bets on specific events.

Get More from Back Bets

An easy way to get more from your back bets is to make use of our Betting Offers Page. There you will find all of the best promotions and special offers from the best legal online operators. Take advantage of things like free bets and betting boosts to make risk free, or even extra cash on your bets. Here’s an example of one such offer from our friends at Unibet. These offers don’t last long so be sure to use them before they expire.

See Also:

Odds

Value Bet

Hedging