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A pool bet (also called parimutuel betting) is a type of gambling where all bets on a particular event go into a shared pool. The winnings are then distributed among the winners after the house takes a cut. The key difference from fixed-odds betting is that the payout isn’t determined when the bet is placed—it depends on the total amount wagered and how many people win.
Head-to-head betting is a type of wager where you bet on one competitor to outperform another in a specific event, rather than betting on an overall winner. It’s common in sports like golf, racing (Formula 1, horse racing), and even esports.
(also called multi-bets, accumulators, or parlays) involve placing a single bet on multiple selections, with all selections needing to win for the bet to be successful. The odds of each selection are multiplied together, offering a higher potential payout compared to single bets.
