What is a Goliath Bet?

A Goliath bet consists of an incredible 247 equal bets using eight selections: 28 doubles, 56 trebles, 70 fourfolds, 56 fivefolds, 28 sixfolds, eight sevenfolds, eight picks, and one eightfold. As the name suggests, the Goliath bet is huge.

You must win at least two of the eight selections for the bet to win. If two selections win, we guarantee you will receive a return on your stake.

The trebles and accas that make up the Goliath bet mean you will receive large increases in your winnings if those come off. A Goliath bet with three or six selections more winning selections will see your returns increase significantly.

Unfortunately, a Goliath bet needs a few winning selections to see a profit on your wager. Like other multiple bets, the Goliath bet stake is multiplied by the number of combinations of bets. You will most commonly find the Goliath bet in horse racing, but bettors use it for other sports.

Before going any further, you should know that the Goliath bet's total stake in wagers is large. Therefore, you should use caution when making a wager using this bet type. In this article, we will explain the Goliath bet further and how it works.

So, what is a Goliath bet? As mentioned previously, the Goliath is a single bet consisting of 247 bets of equal value. It is known as a large-scale bet. The Goliath is made up of eight selections and provides you with a range of bets in one wager. This is one of the most expensive bets you can make on a sportsbook website. Therefore, you should weigh the selections, risks, and rewards when making it.

Goliath bets should only be made by bettors with years of experience. You need a full understanding of sports betting and the event(s) you are wagering on. A bettor who lacks experience and knowledge will often lose large sums of money.

The 247 bets of equal value consist of four bets:

28 doubles
56 trebles
70 four fold accumulators
56 five fold accumulators
28 six fold accumulators
8 seven fold accumulators
1 eight fold accumulator

Like other multiple bets, the stake is multiplied 247 times. A £1 Goliath bet would have a total stake of £247.

How Many Selections are in a Goliath Bet?

There are 247 selections in a Goliath bet. To earn returns on the wager, you will need luck for at least two of the bets to come off. Three or more successful bets will enable you to see more significant returns on your stake.

How do you Calculate Goliath Bets?

The simplest method for calculating a Goliath bet is to use a Goliath bet calculator. You can find odds calculators online or download a smartphone app to calculate your odds. If you prefer to do it manually, a combination of the following equations will help you.

Covert first. This can be done by dividing the top number (numerator) by the bottom number (denominator). Next, add one to the sum. (For example, 3/1 becomes 4.0)

Then, multiply the decimal odds for the selections together. Once you have the sums, multiply them by your stake.

Manually calculating your Goliath bet odds can be time-consuming. The joy of having a betting odds calculator is that you can get the odds in a matter of seconds.

How Does a Goliath Payout?

The Goliath bet is a high-level bet type. It is not a bet type for novice bettors. The odds of each selection will have a large bearing on the wager. The Goliath bet explained that its profitability will change depending on the selection prices.

You will need high odds on your five selections, even if only two wins, to see a profit. Below is an example of how a Goliath bet pays out:

Example – £1 Goliath bet with a total stake of £247. Each football match is priced at 3/1.

0 bet wins – £0 return with a loss of -£247

1 bet wins – £0 return with a loss of -£247

2 bet wins – £16 with a loss of -£231

3 bet wins – £112 return with a loss of -£135

4 bet wins – £608 return with a profit of £361

5 bet wins – £3,104 return with a profit of £2,857

6 bet wins – £15,600 return with a profit of £15,353

7 bet wins – £78,096 return with a profit of £77,849

8 bet wins – £390,592 return with a profit of £390,345

As you can see, the amount of money you can win is incredible. However, the initial stake is also high. You would need four winning selections to post a profit.

How to Place a Goliath Bet

Make eight selections for one sport or another. Once these selections are added to your betting slip, scroll down to the 'Goliath bet'. You will see the odds listed on the betting slip. Enter your stake, but remember this stake will be multiplied 247 times. Review seven selections on your bet slip and press 'bet'.

Is a Goliath Bet a Good Bet?

A Goliath is an alternative to an eight-fold accumulator. It provides you with some guarantee of financial return if two selections are successful. You will likely need more than just two selections to be successful for the bet actually to turn a profit, however.

The Goliath also provides coverage of different events occurring. You are making a multiple wager consisting of multiple bets using the Goliath. If you are willing to stake the money, a Goliath could return fantastic profits.

Is a Goliath Bet Better than a Heinz?

A Heinz bet includes 57 bets of equal value on six betting selections. Like the Goliath bet, the Heinz is a bet type only experienced punters should explore. The difference between the two bets is a personal preference. With that said, the Heinz bet will have winners and cost you less money to stake. You also have less risk due to there being two fewer selections. However, depending on the odds, the Goliath bet could return more profits.

How much is a 10p Goliath Bet?

A 10p bet is the minimum you can make on a Goliath bet. The stake is then multiplied 247 times, and your total stake would be £24.70.

Goliath Bet Example

Let's use the above example again to illustrate the Goliath bet type.

Example – £1 Goliath bet with a total stake of £247. Each football match is priced at 3/1.

0 bet wins – £0 return with a loss of -£247

1 bet wins – £0 return with a loss of -£247

2 bet wins – £16 with a loss of -£231

3 bet wins – £112 return with a loss of -£135

4 bet wins – £608 return with a profit of £361

5 bet wins – £3,104 return with a profit of £2,857

6 bet wins – £15,600 return with a profit of £15,353

7 bet wins – £78,096 return with a profit of £77,849

8 bet wins – £390,592 return with a profit of £390,345

Goliath Bet in Horse Racing

Goliath bets are common in horse racing. They enable you to make eight selections from eight different horse races and to combine them as multiple bets. When using the Goliath bet on horse racing, you may consider using the each way the Goliath bet work too. This will give you some insurance in case your horse doesn't win the race.

Each Way Goliath Bet

The each-way Goliath system allows you to make double the bets. Rather than making 274 bets, you will make 494. This also means that your stake will be multiplied 494 times. A £2 bet on an each-way Goliath bet would be a total stake of £988.

Even if your horse places, it doesn't mean you will earn large profits on free bets. In fact, you may not break even on such a large stake. The majority of bookies pay each way at 1/5 of the win odds on the placed portion of an each-way bet.

What Sports Can You Bet a Goliath?

Goliath bets are most commonly used in horse racing. However, they can also be used for football, cricket, tennis, NFL football, basketball, and other sports betting. After you add eight selections to your betting slip on eight different events, scroll down the betting site's bet slip to see the Goliath bet provided. You may need to double-click on 'multiple bet' to bring it up.

Goliath Bet Strategies

First and foremost, the Goliath should not be used by novice bettors. There are two groups of people who use the Goliath bet regularly. One group is a set of friends or work colleagues that put money into a pot each week and have a punt at the weekend on football games. The group will share in the profits made. The other group of the Goliath betting regulars is professional bettors who have worked out the risks and rewards of the bet type.

The best strategy for making a Goliath is to do your homework. Understand the teams, leagues, horses, or whatever you are wagering on. In addition, work out the profits of the bet beforehand to ensure it is worth your time and hard-earned money.

Finally, be sensible about the selections of single stakes you make. The longer the odds on a selection, the more unlikely they are to win the event. A Goliath needs a large stake, so don't add several long-shot selections.

What are Similar Bets to a Goliath?

How many bets are similar bet types to the Goliath? These include:

Lucky 15
Heinz
Super Heinz bet
Yankee bet
Canadian bet
Lucky 31
Lucky 63

The Goliath bet is a monster of a wager. It consists of 247 bets of equal or lesser value across eight different selections. You will need at least two selections to win and see a return on your wager. Even with two or three selections all winning, you may not see a profit. Three or more winning selections could dramatically increase your returns.

A Goliath bet is not cheap to make. The original stake is multiplied 247 times. If you are not careful, the total stake could increase significantly. A £1 stake would actually be a total stake of £247.

Only experienced bettors who truly understand the bet type should attempt the Goliath bet. Even experienced bettors may still shy away from using it. Despite its drawbacks, the Goliath bet can be a very lucrative bet type.