Place Single – With some sports, especially horse racing, a single can be for the selection just to place within the parameters and rules of the event. This is also common in motor sports. All the money is staked on the selection placing and the payout is calculated according to the place rules, even if the selection should win.
A non-runner will refund the stake.

 

Special Single – Bookmakers will often give odds for special events, such as a team ‘not to be relegated’ or a tennis player to reach ‘at least the semi finals’. This sort of ‘special’ bet has existed for many years but Paddy Power in particular made it more popular and the advent of online betting and betting exchanges has made ‘specials’ prevalent in almost every sport. The premise is still the same, even if the bet taken is not for a selection to win an event, the selection must still fulfill the parameters of the bet for a payout and it is still a single.
A non-runner will refund the stake.

 

Each-way Single – an each-way single is a bet placed on a selection to win or to place. The stake is doubled to incorporate both parts of the bet. So a £10 each-way (e/w) single would actually cost £20, £10 win bet plus a £10 place bet. So if the selection won, you would get paid out on the win and the place. The payout is calculated using the rules specific to the event.
The e/w bet is probably most common in horse racing and the payout differs as follows; Handicaps, Nursery and Rated Stakes Handicap races of 16 or more runners pay 1/4 odds for the first four places. Handicaps, Nursery and Rated Stakes Handicap races of 12 to 15 runners pay 1/4 odds for the first three places. All other races of 8 or more runners pay 1/5 odds for the first three places. All races of 5, 6 and 7 runners pay 1/4 odds for the first two places and races with less than 5 runners pay only on the win. These are general rules, however. Occasionally bookmakers will compete for business by stating that they will pay 1/4 odds instead of 1/5 odds etc.
E.g.) £10 e/w winner at 8/1 (place pays quarter odds). The win part of the bet would pay £90 and the place part of the bet would pay £30, totaling £120.
Each-way betting is used for many sports and markets but the each-way rules are generally specified for each event. For example, a first goalscorer market in a football match may have an each-way market where-by the selection can score any of the first 3 goals at reduced odds.
A non-runner will refund the stake.

 

Win-Place Single – Not common in the UK, but very common in New Zealand and Australia is the win-place bet. This is basically an each-way single bet but instead of having the same steak for win and for place, the bettor nominates differing stakes, e.g. £3 over £7, this would mean £3 on the win part of the bet and £7 on the place part of the bet. It simply offers the bettor to adjust his confidence in the selection. For example if he/she thinks that a 25/1 shot does not deserve equal stakes about win and place but that he/she thinks that maybe a small part of the bet should be on the win, then they can place a win-place single and adjust the amounts accordingly.
A non-runner will refund the stake.