An alphabet bet is extremely complex but can be a lot of fun. It’s most popular in horse and greyhound racing. An alphabet bet consists of six selections, combined into 26 bets as follows:
- selections 1, 2 and 3 form a patent consisting of 7 bets
- selections 4, 5 and 6 form a second patent, also consisting of 7 bets
- selections 2, 3, 4, and 5 form a Yankee, with 11 bets
- selections 1 through to 6 form a sixfold accumulator, which is a single bet.
If any of the selections wins, an alphabet bet will generate a payout. Because the first and sixth legs of an alphabet bet aren’t included in the Yankee, they’ll yield smaller returns than legs 2 to 5. For this reason, it’s typical to include your favourite choices – those you think have the best chances of winning – in positions 2 to 5.