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As the name suggests, a combination bet is a group of bets placed together in one stake in order to reduce the chance of losing and maximise the potential gain.
A combination bet is different to an accumulator in that the individual bets all count so they can still win even if one or more of the selections don’t come in. With an accumulator, bettors need all legs of the bet to be successful to make it a winning bet.
There are a number of different combinations bets that are available to give bettors more of a chance of taking home some kind of a win. It is because of this that they are so popular in horse racing and football especially.
A combination bet can give the bettor more chance of winning. For example, they could bet £12 on Liverpool to win. But to give themselves more chance of a return they could split the stake into three and bet on Liverpool, Spurs and Watford to all win. This way instead of losing all the money if Liverpool lost they could still recoup some money if Spurs and Watford were victorious.
A popular combination bets is the trixie in which three selections produce four wagers (one treble and three doubles). Here, if two of the wagers are successful the bettor will be in profit. Combination bets can be full cover where just the multiples are included – or full cover with singles.
A yankee – a four selection bet with 11 wagers – is rumoured to be named after an American solder in the UK who placed a small bet with enough components that it netted him thousands.