What Is A Treble Bet?

what is a treble bet

Some people are all about that bass, no treble. We’re not here to judge anyone’s taste in music (I prefer a balanced mix, myself), but we have some bad news – unless you’re betting on fishing tournaments, there are no bass bets.

That means if you want to make music pun-related wagers, treble bets are your best bet. But what exactly is a treble bet? What kinds of treble bets can you place? And, most importantly, are treble bets a good way to make money? We’re going to cover all of that, and more, in this piece.

Treble bets, explained

Treble bets are a type of parlay (sometimes known as a combo or accumulator) bet. Parlay bets are a type of bet in which you place a wager on two or more independent lines – you need each of those lines to win in order to win the parlay. When a line pushes, that line is removed from the parlay.

Trebles are, quite simply, three line parlay bets. That means in order to win a treble bet, you need to place a successful bet on all three lines (sometimes called legs in this context) to win. 

The term “treble” is most often used by British bookkeepers, though you’ll see the term in North America on occasion. It’s also commonly seen in horse betting, rather than the league sports we cover here.

How treble odds are calculated

There are basically two different ways of calculating treble odds: parlay odds and true odds. Depending on how you’re betting, you’ll see different odds and payouts.

Parlay odds

Parlay odds are standardized odds used by bookkeepers to keep calculating parlay payout simple. Each bookkeeper can set different odds, but a standardized parlay payout for a treble bet is 6 to 1. 

Standardized parlay odds are typically only available on bets of -110, so you’ll see them when you’re betting point spread or totals. Let’s say, for example, you feel like betting on some January NBA games. You might place a treble bet that looks like this:

Game (selection in bold)Point spreadOdds
Minnesota @ Portland-3.5-110
Dallas @ Denver-10-110
San Antonio @ L.A (Lakers)-5.5-110

In order to win this treble bet, Portland, Denver, and L.A. all have to beat the point spread. A $100 bet at standard treble bet odds of 6/1 would net you 600$ profit.

Let’s compare that to how much you would make if you were to simply bet $100 on the first leg, then reinvested your winnings into the second leg, then the third.

At -110, you stand to win $90.91. Put the $190.91 you have on the next game, and you win $173.55. You now have $364.46 to place on the third leg – if you win, you get $331.33. That means you’ve made a total profit of $595.79 – slightly less than you’d win by taking standard treble odds.

True odds

What we just calculated were the “true odds” of a treble bet where the individual odds of each leg are -110. Bookkeepers are more or less forced to give true odds whenever you make a treble bet where the odds of each leg differ. This means if you’re betting a moneyline treble, you’ll pretty much always end up with true odds. 

Each-way and standard treble bets

What we’ve just described are standard treble bets – simple 3 leg parlays. There are, however, a different kind of treble bet, known as an each-way bet.

You’ll see these bets only very rarely in North American league sports betting – it’s much more common in horse betting and British football (soccer) betting. To understand each-way bets, you first need to understand “place” bets.

What is a place bet?

Moneyline bets are placed on which team is going to win, while point spread bets are placed on which team you think will beat the spread.

Place bets, on the other hand, are bets on how well a team will place in a tournament, or, conversely, how well a horse will place in a race. Place bets are frequently given as a fraction of the “win” bet odds, i.e. if you make a place bet on a team to make the top 3, your place bet might pay out ¼ of what you’d be paid if you simply bet on that team to win.

You only see place bets very rarely in North American league sports betting, because bets on league sports are almost always on the results of individual games, not on how well a team is going to place in a tournament.

What is an each-way treble bet?

An each-way treble bet is a special type of treble bet in which you can win if the lines you bet on all successfully win or place. That’s why it’s so common to see these bets in horse racing – single event horse betting always has winners and placers.

As you can imagine, the odds that you’ll get on each-way trebles are significantly reduced because your risk is reduced as well – even if none of your bets win, if they all place, you still get paid out. You may very occasionally be able to find each-way treble bets available for certain tournaments, but don’t get too excited – they’re very uncommon.

Should you place treble bets?

Finally, we can answer the question that’s almost definitely on your mind: are treble bets worth your money?

As with any bet, the answer is simple, if disappointing: it depends.

Standardized odds

As we’ve seen, a treble bet at standardized odds has a better payout than betting each of the legs, so if your plan was to bet all three legs all-in each time anyway, you’re better off treble betting.

There will be times that this is a valid strategy. It depends, of course, on how you want to manage your bankroll, and how much of an edge you feel like you have on each of the legs. When you’re extremely confident in your bet on all three legs, a treble bet can be an excellent way of making a profit.

True odds

True odds treble betting can make a lot of sense if you think you’ve got an edge on a particular line – often a moneyline. You can combine safer -110 bets with a risky bet (say, +200) if you’re confident you’re going to win all three. You’ll get a much bigger payout in this circumstance than if you went with standardized treble parlay odds. That said, you’re taking on a lot more risk, so you’d better be really certain of all three legs.

Remember, the chances of being right on all three legs are quite slim. Every line you bet has three possibilities – win, lose, or draw. Oversimplifying a bit, that means you have a ⅓ chance of winning any given line: ⅓ ^3 is 1/27 (though ties do push). 

With those odds, you may be better off simply betting big on the +200 moneyline you feel you have an edge on; you’re reducing your risk to some degree by single betting those odds.

The difference between treble and trixie bets

We’ve established that a three line parlay bet is a treble bet – simple enough, right?

Well, not quite.

There’s another type of three line parlay bet known as a trixie bet, but trixies and trebles are quite a bit different. We have a whole article on trixie bets, but we figured it would be a good idea to talk about the difference here.

Trixie bets are actually 4 different bets on three teams. When you place a trixie bet, you’re placing 4 parlays:

Parlay 1: Line 1, Line 2

Parlay 2: Line 2, Line 3

Parlay 3: Line 1, Line 3

Parlay 4: Line 1, Line 2, Line 3

Trixies, then, are a way of improving your odds – they’re basically three Double bets and one Treble bet, so if two of your lines win, you still get a payout (though that payout might be less than what you wagered).

Here comes treble

With that, you know pretty much everything you need to know about treble bets – and probably some stuff you didn’t need to know, too. Like any bet, they’re a tool in your arsenal, and while you might not use them often, they can play an important role in your betting strategy.

At Kyle Covers, we’ll sometimes recommend treble bets, especially standard parlay odd treble bets when we expect to have a significant edge on three different lines.