Goliath Bet Calculator
Sportsbook Signup Promo Codes
What is a Goliath Bet?
A Goliath bet is a type of multiple bet that combines 247 bets from eight different selections into a single wager. It consists of 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, eight seven-fold accumulators, and one eight-fold accumulator. Goliath bets are popular among bettors who want to diversify their betting strategy and minimize risk while still pursuing increased payouts offered by multiple bets.
Goliath bet formation: 247 bets on 8 events: 28 doubles, 56 trebles, 70 four-fold, 56 five-fold, 28 six-fold, 8 seven-fold, 1 eight-fold accumulator
How Goliath Bets Work
To place a Goliath bet, a bettor chooses eight separate events and predicts the outcome for each. The Goliath bet then combines these selections into 247 bets: 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, eight seven-fold accumulators, and one eight-fold accumulator. The stake is multiplied by the number of bets (247) to calculate the total stake for the Goliath bet.
For example, let’s assume a bettor wants to place a $10 Goliath bet on eight football matches with the following odds:
- Match A: Team 1 to win at odds of 2.00
- Match B: Team 2 to win at odds of 3.00
- Match C: Team 3 to win at odds of 2.50
- Match D: Team 4 to win at odds of 1.50
- Match E: Team 5 to win at odds of 2.20
- Match F: Team 6 to win at odds of 1.80
- Match G: Team 7 to win at odds of 1.70
- Match H: Team 8 to win at odds of 1.60
The total stake for this Goliath bet would be $10 x 247 = $2,470. If all eight predictions are correct, all 247 bets within the Goliath are successful. If fewer predictions are correct, only the corresponding doubles, trebles, four-fold accumulators, five-fold accumulators, six-fold accumulators, seven-fold accumulators, and/or eight-fold accumulator within the Goliath are successful.
Advantages of Goliath Bets
- Risk Management: Goliath bets provide a level of risk management, as they spread the risk across multiple events and selections, requiring at least two correct predictions to yield a return.
- Increased Potential Returns: By combining multiple bets, Goliath bets offer the potential for higher returns compared to single bets.
- Flexibility: Goliath bets offer a flexible betting option that can be tailored to different risk appetites, event selections, and betting strategies.
Tips for Placing Goliath Bets
- Research: Conduct thorough research on all eight events and selections to make informed predictions. Analyze team and player form, head-to-head statistics, and other relevant factors.
- Manage Your Bankroll: Allocate a budget for sports betting and stick to it. Goliath bets involve multiple bets, so adjust your stake accordingly to accommodate the higher total stake.
- Evaluate Betting Opportunities: Carefully evaluate the betting opportunities presented by each event and make strategic selections to optimize the potential returns of your Goliath bet.
- Understand the Odds: Familiarize yourself with the odds of each selection, as this will help you calculate the potential returns and assess the level of risk involved in your Goliath bet.
- Be Patient: Goliath bets require a significant number of correct predictions to achieve substantial returns. Be prepared for a longer-term betting strategy and do not expect immediate results.
- Consider Alternative Bet Types: If a Goliath bet seems too daunting or costly, consider alternative multiple bet types like Heinz or Super Heinz bets that involve fewer selections and a lower total stake.
Goliath bets provide the ultimate high-stakes and diversified betting option that combines single and multiple bets, providing risk management with increased returns. By conducting in-depth research, managing your bankroll effectively, evaluating betting opportunities carefully, understanding odds, practicing patience and practicing self-discipline you can increase your chances of success with Goliath bets bringing excitement and anticipation to sports betting and reap the potential rewards for yourself – this bet type is perfect for anyone wanting an adrenaline-charged betting experience that could yield tremendous returns – perfect!