A Goliath Bet includes 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds, and 1 eightfold accumulator. Don’t be confused by all of the different names that are given to bets which involve multiples. The chosen names sometimes give no indication as to what the bet involves, but in this case it does. A Goliath Bet involves 247 different betting permutations! Once you master all of the different bet types, you will have a bigger chance of becoming a winner. This betting guide will show you how.
- What is a Goliath Bet
- Goliath Bet Example
- How much could your Goliath Bet Earn?
- Goliath Bet Recommendation
What is a Goliath Bet?
The Goliath is named as such, because, it is just that – a Goliath of a bet. It is absolutely huge and features 247 different betting permutations. You must choose 8 different selections and every permutation is covered with the exception of single bets. All selections have an equal weight on the return, so you can add them in any order to the betting slip.
A Goliath is made up of an 8 selection wager with 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, 8 sevenfolds, and 1 eightfold accumulator. This means that you need just two selections to win for you to see a return. Because the outlay for the bet is so big, this will probably only return a proportion of your stake depending on the odds.
It’s important to remember that if two selections win, a return is guaranteed. To get the option of a Goliath bet, you must choose 8 different selections and add them to your bet slip.
Goliath Bet Example
For the purpose of this example, we are going to assume the odds of the 8 teams chosen are evens (2.0). Also, we will assume a stake of £1 which will be multiplied 247 times to give an outlay of £247. However, you can alter this to suit your budget. Some people only use a stake of 10p to make the Goliath more affordable.
A Goliath bet could be the perfect bet to do if you have a whole Horse Racing card that you want to take an interest in.
So let’s say you have picked 8 horses, your Goliath will consist of the following bets:
|28 Doubles||Every single combination covered for the 8 selections|
|56 Trebles||Every single combination covered for the 8 selections|
|70 Fourfolds||Every single combination covered for the 8 selections|
|56 Fivefolds||Every single combination covered for the 8 selections|
|28 Sixfolds||Every single combination covered for the 8 selections|
|8 Sevenfolds||Every single combination covered for the 8 selections|
|1 Eightfold||Every single combination covered for the 8 selections|
That leaves a lot of bets! But what you need to know is that should 2 or more win, you’ll start earning a profit. This profit increases as the number of winning horses win. At evens, it can take 5 horses to win before you start to see a profitable return.
How much could your Goliath Bet earn?
But the good news is this… If you pick 8 selections at evens and they all win, the return will be huge. Using the above example, you will win a total of £6,297 if all 8 selections win, from an outlay of £247.
If you bet on selections with higher odds of 5.0, you will you see your bet go into profit sooner. You will also have an enormous return should all bets win, £1,679,328 to be exact! With lower stakes, you could always put just 10p per line. If all lines win, you would receive a return of £167,932.80 on an outlay of just £24.70.
Goliath Bet Recommendations
However, it’s probably best to use a Goliath when the odds are slightly bigger. That way you can get a return that puts you in profit with just two or three winners. For example, if you choose selections with odds of 20.0, you will see a return of £400 if just two horses win.
However, due to the sheer amount of bets, the Goliath is best left to expert punters. Because the number of lines involved is so large, you need to be confident. You should fully understand this bet before using it.
Once you have a certain level of experience with other multiple bets, you can start to branch out into these larger selections. The Goliath bet could prove lucrative if your accumulators are being let down by one or two selections over and over. With the full coverage of a Goliath bet, you will still be able to earn a decent profit if you can pick five winning legs from eight selections.