What is a Lucky 31 Bet?
A Lucky 31 bet is a type of multiple bet that is popular with horse racing and greyhound racing bettors. It is a full-cover bet that covers all possible permutations of five selections. This means that you will have 31 individual bets placed on your behalf.
The Lucky 31 bet is a relatively high-risk bet, but it can also be very rewarding. If all five of your selections win, you could win a very large sum of money. However, if even one of your selections loses, you will lose your entire stake.
How Does a Lucky 31 Bet Work?
A Lucky 31 bet consists of the following 31 bets:
5 singles
10 doubles
10 trebles
5 four-fold accumulators
1 five-fold accumulator
To place a Lucky 31 bet, you will need to select five different selections. These could be horses, greyhounds, or any other sporting event that is offered by your bookmaker.
Once you have selected your five selections, you will need to decide how much you want to stake on your bet. The total cost of your Lucky 31 bet will be 31 times your stake. For example, if you want to stake $10 on your Lucky 31 bet, the total cost of your bet will be $310.
Lucky 31 Bet Payouts
The payout for a Lucky 31 bet depends on the odds of your selections. However, if all five of your selections win, you could win a very large sum of money.
The following table shows the potential payouts for a Lucky 31 bet with a $10 stake:
Number of winners Payout
1 $30
2 $60
3 $120
4 $240
5 $480
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Lucky 31 Bet Calculator
There are a number of Lucky 31 bet calculators available online. These calculators can help you to work out the potential payout for your Lucky 31 bet.
Lucky 31 Bet Strategy
There is no guaranteed way to win a Lucky 31 bet. However, there are a few things that you can do to improve your chances of winning:
Choose your selections carefully. Do your research and select horses or greyhounds that you think have a good chance of winning.
Avoid selecting too many long odds selections. If you select too many long odds selections, it is unlikely that all of them will win.
Consider the going conditions. If you are betting on horse racing, you should consider the going conditions. Some horses perform better on certain types of ground.
Use a Lucky 31 bet calculator to work out the potential payout for your bet.
FAQs
What is a Lucky 31 bet?
A Lucky 31 bet consists of 31 separate bets derived from five selections. These include:
5 singles
10 doubles
10 trebles
5 four-fold accumulators
1 five-fold accumulator
This structure ensures that even if only one selection wins, there is a guaranteed return.
How does a Lucky 31 bet work?
When you place a Lucky 31 bet, you’re essentially staking on all possible combinations of your five selections. For instance, if you choose five horses in different races, your bet covers every possible single, double, treble, four-fold, and the five-fold accumulator involving those horses. This means a £1 stake per bet results in a total stake of £31.
What are the advantages of a Lucky 31 bet?
The primary advantage is the increased likelihood of a return. Since the bet includes singles, even one winning selection ensures a payout. Additionally, many bookmakers offer bonuses for multiple wins within a Lucky 31, enhancing potential returns.
Are there any bonuses associated with Lucky 31 bets?
Yes, several bookmakers offer bonuses for Lucky 31 bets. For example, during events like Royal Ascot, Betfred has offered up to a 50% cash bonus if all selections win. It’s advisable to check with your chosen bookmaker for current promotions and terms.
How do I calculate winnings from a Lucky 31 bet?
Calculating potential winnings can be complex due to the multiple bet combinations. Many online betting platforms provide calculators where you input your selections and their odds to determine potential returns. Alternatively, you can manually calculate by summing the returns from each winning combination.
Can I place an each-way Lucky 31 bet?
Yes, an each-way Lucky 31 bet doubles the number of bets to 62, as each selection is backed both to win and to place. This increases the total stake but also enhances the chances of a return, especially in events like horse racing where place betting is common.
What is the difference between a Lucky 31 and a Canadian bet?
Both bets involve five selections, but a Canadian (also known as a Super Yankee) consists of 26 bets: 10 doubles, 10 trebles, 5 four-folds, and 1 five-fold accumulator. It does not include singles, meaning at least two selections must win for a return. In contrast, a Lucky 31 includes singles, providing a return even if only one selection wins.
How do I place a Lucky 31 bet?
To place a Lucky 31 bet:
Select five different outcomes from separate events.
Add each selection to your bet slip.
Choose the ‘Lucky 31’ option in the bet type section.
Enter your desired stake per bet.
Confirm and place the bet.
Ensure you understand the total stake, as a £1 stake per bet results in a £31 total stake.
What sports are suitable for a Lucky 31 bet?
While commonly used in horse and greyhound racing, Lucky 31 bets can be applied to various sports, including football, tennis, and rugby. The key is having five separate events to select from, allowing for the combination of outcomes.
Is a Lucky 31 bet suitable for beginners?
A Lucky 31 bet can be suitable for beginners who understand its structure and are comfortable with the higher total stake. The inclusion of singles offers a safety net, ensuring a return even with one winning selection. However, it’s essential to be aware of the costs involved and to gamble responsibly.
To conclude
The Lucky 31 bet is a versatile and strategic option for bettors looking to maximize their chances of a return across multiple selections. By encompassing all possible combinations of five selections, it offers both security through singles and the potential for significant returns with accumulators. However, it’s crucial to be mindful of the total stake involved and to utilize available tools, such as online calculators, to understand potential payouts. Always stay informed about bookmaker promotions that can enhance returns, and remember to gamble responsibly.
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