What is a treble bet?
What is a treble bet?
Bettors looking for options that could result in very high returns or want to place bets that are a little more audacious than singles or doubles may want to explore the treble bet. This kind of bet allows bettors to pick three selections and roll them into one bet, and as such they can give the bettor a great payout for a relatively low stake.
A treble bet is a form of multiple bet. There are a number of other kinds of multiple bets available, including doubles, trixies, accumulators, Yankees and Lucky 15s. These bets also include several bets under one single bet, with yankees featuring 11 bets and Lucky 15s including 15.
As three selections are being made in a treble bet, it is very important for the bettor to think carefully about the sport and participants they are betting on. All of the three selections that are being made must win for a treble bet to pay out. If even one fails to win, the bet is lost so bettors who know a lot about the field are likely to have a better chance of securing a pay out than those who do not.
The odds that are available to bettors looking to place a treble bet are different from regular odds. There are a couple of ways to describe the way these odds and the returns that can be won from them are worked out. The first is that the three odds available on the selected event are increased by one. For example, if the odds are 4/1, 5/1 and 6/1 the treble bet odds will all go up by one and become 5/1, 6/1 and 7/1 respectively. The figures are then multiplied: five multiplied by 6 multiplied by 7 to produce a figure of, in this case, 210. The odds are therefore 209/1 (209+1=210).
The second way is a little clearer and is used more frequently. Here, the winnings from each bet is placed on the subsequent bet. So, if the first bet made the bettor £5 in returns, the second bet would stake that £5. The winnings from that second bet would then be staked on the third bet to produce the final return. Whatever way the process of a treble bet is described, the results are the same and are a cumulation of all the three selections that are being made.
Applying this to a real example, perhaps the bettor wants to place a treble bet on the results of three Premier League matches. These matches are: Liverpool v Bournemouth, Manchester United v Wolverhampton Wanderers and Chelsea v Newcastle. The odds of the three home teams winning these matches are 2/1, 3/1 and 4/1 respectively, and the bettor puts down a stake of £2.
The first bet (on the Liverpool v Bournemouth game) would result in earnings of £6 for the bettor (£4 plus the original £2 stake). The second bet (on the Manchester United v Wolves game) uses the £6 return from the first bet as the stake. If this bet were to win, it would result in a return of £24 (£18 plus the £6 stake). The third and final bet (on the Chelsea v Newcastle game) uses the £24 return from the second match as the stake. If this bet were to win, it would result in a return of £120 (£96 plus the £24 stake). That £120 is the final figure that the bettor wins.
Bookmakers such as Paddy Power and Betfair make treble bets available across a number of sports, including but not limited to horse racing, football, various motorsports (such as Formula 1 and Formula E) and greyhound racing. As this kind of bet revolves around who will win the event being bet upon, it must be placed on separate events. This means that a bettor could not have a treble bet on a greyhound to finish first, another to finish second and another to finish third in one single race. This scenario describes an entirely different kind of bet: a Tricast bet.
Instead, a treble bet could be placed on one horse to finish first in race one, another horse to finish first in race two and a third horse to finish first in race three.
Bets similar to a treble bet
The treble bet’s sibling is the trixie bet. In this kind of bet, the bettor picks three participants in three events, but there are four bets being made. Trixie bets are made up of three double bets and one treble bet. Under a trixie bet, one of the selections can lose and the bettor will still make a return.
Double bets are a little simpler to make than treble or trixie bets as the bettor is selecting only two winners. However, there are not the fail safes of the trixie bet. In a double bet, the two selections the bettor makes must win otherwise the bet will be lost.
Yankee bets are much more wide-ranging than treble, trixie and treble bets and comprise of 11 separate bets from four selections. As part of a yankee bet, the bettor is essentially making six double bets, four treble bets and one four-pronged accumulator. Like the trixie bet, selections can lose and the bettor can still make a return under the conditions of a yankee bet.
Another common multiple bet is a Lucky 15. This kind of bet adds a further four bets to the yankee, with the bettor placing six double bets, four treble bets, four single bets and one four-pronged accumulator. The bet is given its name because bookmakers can offer bonuses to bettors if certain things happen. For example, a bonus will be given out on top of the actual return if all of the selections win.
Treble bets can result in high returns for bettors who understand the sport and participants they are betting on in detail. However, this kind of bet should not be placed without careful consideration as recklessness could result in lost stakes.
Plus, don't forget to check out our bet calculator, where you can calculate your winnings.