A Full Cover Bet is a popular form of wagering utilized on events such as horse racing and sports betting. This type of bet involves placing multiple bets covering all possible outcomes within a selected number of events. Here’s what you need to know:

  • Definition: A Full Cover Bet includes all combinations of singles, doubles, trebles, and other multiple bets from a chosen number of selections.
  • Types of Full Cover Bets: Common ones include Trixie (3 selections), Yankee (4 selections), Canadian or Super Yankee (5 selections), Heinz (6 selections), and so on.
  • Advantages: Increases chances of winning as it covers various permutations. Even if one selection loses, other combinations may still result in a payout.
  • Disadvantages: Higher stakes required due to the numerous combinations, leading to potentially larger initial outlay.
  • Examples: For a Yankee bet, if you select 4 horses, bets will cover 11 combinations: 6 doubles, 4 trebles, and 1 four-fold accumulator.

Understanding Full Cover Bets can greatly enhance your betting strategy, offering both complexity and increased potential for returns.