What is a Goliath Bet?

The appropriately named Goliath bet is a huge one that consists of doubles, trebles, four-fold, five-fold, six-fold, seven-fold and an eight-fold accumulator. There is an incredible total of 247 bets spread across eight selections.

This enables experienced punters to enjoy large returns. Calculating the returns can become a little tricky because of the sheer size of the bet. There are numerous types of bets and that means that even if one pick loses, you’ll still have a good chance of winning an appetising reward.

One thing to consider when placing a Goliath bet, is that you may need a large sum to stake. You will want to equally stake on each part of the bet and with there being 247 bets in total, it adds up.

Goliath Bet Explained

The Goliath bet is known as one of the biggest possible bet types. You can select eight different games or events. This will then divide into 247 different bets, if you were to stake £1 on a win-only Goliath bet, then it will cost you a total stake of £247.

Here’s what you need to know about a Goliath bet:

  • It is a multiple bet used for numerous sports, including football and horse-racing
  • You will need eight different selections
  • It will then use a full-cover strategy, consisting of 247 bets in total
  • Read on to find out how these bets are placed

There’s a lot of appeal to this bet, even if your picks do not come in, you have a good chance of seeing a return. It becomes difficult to calculate how much you’ll win and much of the task is then to work out your profit or loss.

A Goliath bet is made up of 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-fold, 8 seven-folds and one eight-fold accumulator.

How to Place a Goliath Bet

These types of bets sound complicated, and in many ways they are. Regardless of there being over 200 bets and eight selections, you can easily place a Goliath bet.

Simply pick the eight match results or race-winners and select the Goliath bet. It will automatically create this type of bet and spread it appropriately.

How to Calculate the Winnings

Calculating the winnings is no easy feat. Use an official Goliath bet calculator to help you find out how much you’ve won.

Alternatively, you can wait for the online bookmaker to pay-out. You will soon see how much you’ve profited.

How Many Selections Need to Win for a Goliath to Be Profitable?

There are no single bets within this Goliath. That means that you need at least two bets to win before being entitled to a return.

How much you have won, then comes down to the odds in the two winners. Again, use the calculator to work out exactly how much you have won. Do note, that you need at least two results to come your way and if you want to profit they will need to be very big odds.

That’s due to the large stake that’s required. If you get several selections that win, you could be in for a good return.

Can I do an Each Way Bet?

A common question is whether or not you can do a Goliath each-way bet. You can, but bear in mind that this doubles the amount of bets that are placed. For every win-only bet, you will also be able to have an each-way bet.

If a horse places, then you still win but the odds will be significantly lower.

An each-way Goliath bet totals 494 bets.

Other Bet Types

Here is the full list of horse racing betting types:

Summary

It’s not a small bet, as the name suggests. It totals 247 bets spread over eight selections. There’s more chance of winning but you will have stake a lot of money. As previously mentioned if you stake £1, it will then total £247. So why not try out a Goliath bet the next time you’re browsing the bookies?