A wager on two outcomes simultaneously, for the same bet, is an each-way bet. An each-way chance gives a punter more than one opportunity to win. A punter must place two identical wagers of the same amount on who will win the race and finish in a top place. For example, a punter can place a bet on the horse and jockey Dash to finish in first as the winning wager.

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Accumulator bets have been around for several decades. In the past, accumulator bets were also called parlay bets. The idea behind accumulator or Acca bets is to let the bets accumulate into a large payout for every correct prediction made. The winnings of multiple wagers are combined to give a punter a big payday. The payout on accumulator bets is some of the highest among most betting outcomes.

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