The bookies want us to do multiple bets…
In fact they‘ll do almost anything to make them more attractive than they may already appear.
You know the feeling when you’ve picked out three winners in a row and you think “if only I’d done them in a treble.” Fair enough, but I thought I’d write about how they work, why the bookie loves them and why we shouldn’t be doing them.
One of the most popular bets is the Lucky 15 and is usually advertised in all shops up and down the country.
And, there’s a good reason why bookies advertise them and offer concessions on them. They’re almost impossible to win!
Okay, I’m going to breakdown the bet and look at how it’s structured in order to show you why.
The Lucky 15 comprises of four selections bet with:
- 6 doubles
- 4 trebles
- 4 singles
- 1 four-fold accumulator
We have 15 units spread across 4 selections. It would look something like this for selections A, B, C and D:
Let’s suppose the first selection, A, loses. That means that bets:
AB, AC, AD, ABC, ABD, ACD, A and ABCD have all lost.
You’ve straight away lost 8 of your bets!
You now have 3 doubles, 1 treble and 3 singles left.
Let’s say the next selection, B, loses. We’re now down to a measly 3 bets and you’ve now lost 12 units already!
Unless you’re lucky enough to get the next two winners at decent odds then you’re going to be making a loss.
They are an attractive bet for those that want to bet small and win big, but they will eventually ruin your bank and should be avoided at all costs!
Okay, so we’ve covered the Lucky 15, but what about all the other multiple bets out there?
Well… they’re all the same and should be avoided.
Don’t get me wrong, I do sometimes do the odd one. At Christmas I buy the family a Lucky 15 for the racing on Boxing Day. It’s a bit of fun and it secures my viewing of the races for the afternoon!!
But, as a serious betting prospect, they should be left well alone.
Before I finish I want to have a look at another angle.
You place a treble for £10 (this is your usual stake size) and the first horse now wins at 4/1. That’s £50 going onto the next selection.
The question you should be asking yourself is…
Would you bet as big as £50 on this horse?
Because effectively that’s what you’re doing.
Your next selection lands the spoils at 3/1 and you now have £200 going onto the next horse.
Would you seriously bet that much on the next horse?
Okay, you see my point. If the third horse wins then you’ve paid for your Christmas. But it’s very difficult to hit the treble, and you’ll experience a lot of negativity in your betting as most often one horse will let you down.
With the above example, if you’d just put that bet on the first you’d be £40 in profit. £10 on the next one and now you’re £70 in profit. Not life changing I know, but should the last one lose at least you’ll walk away with a profit!
Next time you’ve got a couple of horses you fancy then think about backing them as singles. In the long run you’ll be better off. If you want to win big for small stakes then your better playing the lottery!