A Goliath Bet is an extensive combination bet that involves eight selections in different events. This type of wager is comprised of 247 bets in total: 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds, and 1 eight-fold accumulator. Due to the nature of a Goliath Bet, even if several of the selections lose, there’s still a potential for returns, as long as at least two of the selections win.
Why is it called a “Goliath” Bet?
The term “Goliath” typically implies something large or formidable. Given that this bet consists of a whopping 247 individual bets, the name fittingly reflects its extensive nature.
How much is the total stake for a Goliath Bet?
The total stake for a Goliath Bet is the unit stake multiplied by 247 (the number of individual bets). So, if you’re placing a Goliath Bet with a unit stake of $1, the total stake would be $247.
What are the advantages of placing a Goliath Bet?
The primary advantage is the potential for returns even if several selections lose. Since the bet is spread across numerous combinations, as long as two of the selections win, there will be some return, which could potentially offset losses or even lead to a profit.
How does a Goliath Bet differ from other multiple bets like a Yankee or a Heinz?
The primary difference lies in the number of selections and the total bets involved. For instance, a Yankee has four selections and 11 bets, while a Heinz has six selections and 57 bets. A Goliath is much larger with eight selections and 247 bets.
Is a Goliath Bet suitable for beginners?
Given its complexity and the high total stake, a Goliath Bet might be better suited for more experienced bettors. Beginners might find it overwhelming and might not fully grasp the intricacies and potential outcomes of such a vast combination bet.