Goliath Bet Calculator
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A Goliath bet is a 247 individual bets that consists of doubles, trebles, four-fold, five-fold, 28 six-fold, and eight-fold accumulators. In this Goliath Bet explained article, we explain what a Goliath Bet is and how a Goliath Bet works. We also explain what it takes for a Goliath Bet to be profitable.
What Is A Goliath Bet?
A Goliath bet consists of 247 accumulator bets across eight selections. Given that it combines a huge number of bets into one bet, it is favoured by experienced bettors. Primarily, that is due to the structure of a Goliath bet. To break that down, a Goliath bet consists of:
| Bet Type | Number of Bets |
|---|---|
| Doubles | 28 |
| Trebles | 56 |
| Four-folds | 70 |
| Five-folds | 56 |
| Six-folds | 28 |
| Seven-folds | 8 |
| Eight-folds | 1 |
How Many Wins Are Needed for a Goliath Bet to Be Profitable?
How many wins are needed for a Goliath bet to be profitable is not complicated. To understand this better, the structure itself dictates that only two selections must win, but in reality, unless the odds are high, profitability is unlikely.
The reality is, you will need four or more selections to win for a Goliath bet to be profitable. However, like every other accumulator bet, the more winning selections there are, the higher the payout.
How to Calculate Your Winnings?
Using a Goliath Bet calculator in the example below, we were able to determine the amount we would win if all eight selections were correct. However, the odds of getting eight selections correct are not an easy feat. If that were the case, we would have walked away with $780,690 in profit.
The reality is, most Goliath bets do not result in an eight-selection win. However, with the help of a calculator, generating a profit isn’t as hard as it seems. For example, a $2 Goliath bet at 3/1 odds per horse, the following would apply.
- 0 selection wins – $0 return – $494 net loss
- 1 selection wins – $0 return – $494 net loss
- 2 selection wins – $32 return – $462 net loss
- 3 selection wins – $224 return – $270 net loss
- 4 selection wins – $1,216 return – $722 profit
- 5 selection wins – $6,208 return – $5,714 profit
- 6 selection wins – $31,200 return – $30,706 profit
- 7 selection wins – $156,192 return – $155,698 profit
- 8 selection wins – $781,184 return – $780,690 profit
The break-even point in this Goliath Bet example is four selection wins. However, if five or more selections win, you will see a significant profit boost. That said, this should only be used as an example, as the return potential varies from bet to bet.
You can use our Goliath Bet calculator above for free and calculate your potential winnings based on the number of won selections.
Pros & Cons of Goliath Bets
- Pros:
- Big Potential Winnings
- A small stake can equal big returns
- Mixing Your Choices
- Cons:
- Does not offer singles bet
- Each way Goliath bets decreases the risk
How to Place a Goliath Bet in Horse Racing?
Placing a Goliath Bet in horse racing is a simple enough process. To place a Goliath Bet in horse racing, you simply need to:
- Log in to your sports betting account.
- Next, click on the sportsbook tab or logo.
- Then, choose eight selections and click “Multiples” on the bet slip.
- After that, enter your stake amount and select the “Goliath Bet” option.
- Lastly, click “Place Bets” to record your bet.
Bear in mind, this is an example of how to place a Goliath bet in horse racing. As such, your bookmaker may require additional steps, but the selection process itself is accurate.
Is Placing an Each Way Goliath Bet a Good Idea?
Yes, each way Goliath beta is a good idea. The profits can be substantial if five or more selections win. Moreover, most bookies will let you stake as little as $0.10 per wager. That makes the investment to win potential undeniably attractive.
Another reason why a Goliath bet is a good idea is that you can bet on other sports, like football. Therefore, for educated punters, an each-way Goliath bet is a no-brainer. For new punters, a Goliath bet calculator is a good starting point.
Other Forms of Multiple Bets
A goliath bet is a multi-bet that can return massive profits. Given its minimal bet requirements and the combination of bets, it doesn’t take much for the bet to win. However, other forms of multi bets are known for generating handsome profits.
For example, a Trixie bet allows punters to place three double bets and one treble bet on three selections. Similar to a Goliath, punters are able to cover a variety of outcomes. All it takes is for two selections to win to generate a profit.
Other multi bets like the Yankee bet, Canadian bet, Lucky 15, Super Heinz bet, and Patent bet are also good options. However, these are more complex bets as they require more selections and more bets. They are more expensive, but if each selection wins, the profits can be staggering.
Summary
We can never underestimate the power of a Goliath bet. Considering Goliath bets complexity and cost, this is not a bet for the faint of heart. Just the Goliath Bet meaning itself is enough to scare off some bettors. However, that should not stop you from placing a Goliath bet as the profit-to-win ratio is worth the risk.