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What is an accumulator

An accumulator / Acca is a bet that combines four or more selections into a single wager that gains a return only when all parts win. The advantage of an accumulator is that winnings are much higher at the expense of increased risk, only a single selection need lose for the entire bet to lose.

In the case of a non-runner, returns are calculated as though the accumulator hadn't contained the selection i.e. a six-fold would become a five-fold. Dead heats for a winning position are settled at reduced odds using standard rules.

Selections from the same event cannot be combined into a single accumulator, this is to prevent anyone from trying to place several bets on the same runner. More formally the selections must be mutually independent.