Bet Types

Ways to Bet

How the different bet types work at PUND123.BET. 18+ only. Gamble responsibly.

Single Bet

The simplest bet: one selection at fixed odds. You know your potential return the moment you place it, and the odds are locked in regardless of later market moves.

Availability: Available on all fixed-odds markets across sports and racing.

Multi Bet

Combine two or more selections into a single bet. The odds of each leg multiply together, so the potential return is larger — but every leg must win for the bet to pay. One losing leg means the whole multi loses.

Availability: Available across AFL, NRL, cricket, football, basketball and more.

Same Game Multi

Build a multi from a single match by combining markets from that one event — for example match result, total points and a player stat. Legs are correlated, so prices are calculated for the combination.

Availability: Available on selected AFL, NRL, football and basketball matches.

Cash Out

Settle an open bet before the event finishes by accepting the current offered value. The amount is based on current market prices and may be more or less than your stake. Availability depends on the market.

Availability: Offered on selected fixed-odds singles and multis where shown.

Racing Flexi Bet

Choose a total stake for an exotic racing bet (such as a trifecta or first four) and it is divided evenly across every combination. You take a proportional share of the full dividend rather than the whole amount.

Availability: Available on Australian thoroughbred and greyhound exotics.

 Think. Is this a bet you really want to place? Gambling involves financial risk and can be addictive. This page explains bet types for information only and is not a recommendation to bet. 18+ only. For help, call 1800 858 858 or visit gamblinghelponline.org.au.