Understanding some of horse racing's more niche betting markets is a vital part of increasing your chances of successful punting.
Multiples that involve several selections in a combination bet can be an effective way of potentially securing big returns on small stakes, but knowing the inner mechanics of these bets is vital before using them.
A Lucky 31 bet is made up of five selections and involves 31 individual lines, ensuring it is a 'full coverage' bet where you only need to have one winner on your bet to see some return on the initial investment.
Here's all you need to know about the Lucky 31 bet, how much it costs and what the possible returns can be.
The Lucky 31 is a great way of combining selections and covering all permutations when you are betting on multiple outcomes or races.
A Lucky 31 bet is made up of five selections and involves 31 individual lines, ensuring it is recognised as a full coverage bet — whereby you only need to have one winner on your bet to see some return on the initial investment.
As there are 31 individual lines on the bet — hence the name — it is important to note that the unit stake of your bet is then multiplied by 31 to get the full cost. So a £1 Lucky 31 bet would cost £31 in total.
The lucky 31 bet is a very close relation of the Lucky 15, however the bet requires you pinpoint five fancies. A Lucky 31 is found on most betting sites and comprises 31 bets on five different horses.
You can find other types of bets here along with betting terminology and horse racing terminology
Every winning combination contributes to the total payout of the bet, and the singles act as an important insurance policy. With five individual selections on the Lucky 31 bet, the more winners you find, the more your returns are increased — as follows.
If one selection wins:
· Paid as a single.
If two selections win:
· Paid as two singles and one double.
If three selections wins:
· Paid as three singles, three combo doubles and one treble.
If four selections win:
· Paid as four singles, six combo doubles, four combo trebles and one four-fold.
If all five selections win
· Paid on every single, double, treble, fourfold, and the fivefold accumulator.
Let's imagine a Lucky31 bet with the following selections and a £1 stake (Total cost: £31)
Getting the exact breakdown of how each winning line affects the payout is achievable via a Lucky31 Betting Calculator but, in this example, if all five selections are winners, the initial £31 bet would return £6,719.
There are different options when it comes to placing multiple bets, with simple options like an accumulator and more complex bets like the Lucky31.
The Lucky31 is a full coverage bet, ensuring it includes singles. A similar alternative bet is the Super Yankee/Canadian bet.
The Super Yankee is the same as a Lucky 31 but without the singles included, so a Super Yankee needs at least two winners to return any profit, but the initial outlay is reduced.
For more information on different types of bets, horse racing terminology and betting terminology see below:
