What is a Lucky 31 Bet?

A Lucky 31 bet consists of 31 wagers. Each bet is of equal value and consists of five selections from six different events. The bet features five singles, 10 doubles, 10 trebles, five four-fold accumulators, and one five-fold accumulator.

Due to the five single bets in a Lucky 31 bet, you are guaranteed a return even if just one of your five lucky bet selections wins. Because of the potential returns and the coverage a Lucky 31 provides, it is an often-used tool in the arsenal of experienced bettors.

The Lucky 31 bet is most often used in horse racing, but it can also be used in other sports. In fact, there isn't a sport with which it wouldn't work. As long as there are separate selections from different events, you can use it.

In this article, we will explore the Lucky 31 further and provide an example of how the bet works.

What is a Lucky 31? The simple answer is that it is a multiple bet that allows you to place wagers on five different events via six single bets.

If just one winner out of these singles wins, you will receive a return on your stake. The original stake may not be covered with just one single winning bet. In fact, it is unlikely that the stake will be covered by the total returns of a single bet winning.

The true strength of Lucky 31 is experienced when the doubles, trebles, and accas are successful. Once these bets begin winning, you will see a significant rise in winnings. The amount of money you can win on a Lucky 31 depends on the odds of the winning selection of five events and your stake.

A Lucky 31 can be broken down into the following:

5 singles

10 doubles

10 trebles

5 four-fold accumulators

1 five-fold accumulator

There were 31 bets in total. Keep in mind that your stake will be multiplied 31 times. Therefore, a £1 stake would be a total stake of £31. You should be very careful when making multiple bets. The stake is multiplied, and you can risk a large amount of money. Adding long odd events can increase your risk of losing.

How Many Selections are in a Lucky 31 Bet?

A Lucky 31 is made up of five selections from five different sporting events. If you are wagering on horse racing, you would need to make selections from five different horse races. Football bettors making a Lucky 31 wager would make five selections from five different matches. You cannot make multiple selections from the same event.

How do you Calculate Lucky 31 Bets?

The simplest way to calculate a Lucky 31 is to use an online Lucky 31 bet calculator. Just search for a 'Lucky 31 bet calculator' and you will find various excellent options online. Type in the odds and stake, and the calculator will provide the potential payout of the wager.

There are also smartphone apps that provide Lucy 31 calculators, allowing you to tally the odds on the go. If you don't have access to the Internet or a smartphone, you can use a pencil and paper to calculate the odds of a Lucky 31.

You will need decimal odds to calculate the winnings of the bet. First, change your fraction odds into decimals. You can do this by dividing the top number by the bottom number. Now, follow these steps:

For single bets: decimal odds x stake = return

For doubles: selection 1 odds x selection 2 odds = return

For trebles: selection 1 x selection 2 x selection 3 = return

For four-fold: selection one x selection two x selection three x selection four = return

For five-fold: selection one x selection two x selection three x selection four x selection five = return

How Does a Lucy 31 Payout?

The amount of money you can win on a Lucky 31 depends on the number of winning selections. In addition, the odds of those winning selections will dictate the payout. If just one or two selections win, it is unlikely that you would receive a return equal to or greater than double your original stake.

Let's look at an example of a Lucky 31. In this example, you wager £1 on a Lucky 31 bet. Remember that the stake is multiplied 31 times. Therefore, the total stake is £31. The odds of the football matches you wager on are all at evens odds (1/1)

0 selections win – £0 return with a loss of -£26

1 selection wins – £3 return with a loss of -£28

2 selections win – £8 return with a loss of -£23

3 selections win – £26 return with a loss of -£5

4 selections win – £80 return with a profit of £49

5 selections win – £242 return with a profit of £211

Four of five selections would likely pay a profit on the bet. If three selections win, you may break even.

How to Place a Lucky 31 Bet

Go to your favourite online sportsbook. Make five selections from five different events. After adding the five selections to your bet slip, scroll down to 'multiple bets' and locate Lucky 31. Enter your stake and remember that it is multiplied 31 times. Check your bet one more time before clicking 'bet'.

Is a Lucky 31 Bet a Good Bet?

If you fancy five selections from different sports events to each win, a Lucky 31 is a great alternative to a traditional five-fold accumulator. The bet allows you to make more money in profit if it wins than an accumulator.

Even if one of the selections loses, the bet can still return a nice payout. In addition, a Lucky 31 is simpler to use than making 31 separate bets on the same five events.

What is the Difference between a Lucky 31 Bet and a Lucky 15 Bet?

A Lucky 15 bet is very similar to the Lucky 31. However, rather than making 31 bets of equal value on five different events, the Lucky 15 consists of just 15 bets of equal value on four different sports events.

The Lucky 15 consists of:

Four singles

Six doubles

Four trebles

One four-fold accumulator

Is a Lucky 31 Bet Better than a Lucky 63?

A Lucky 63 is made up of 63 bets. Each bet is equally valued on six selections from six different sports events. The Lucky 63 consists of:

Six singles

15 doubles

20 trebles

15 four folds

six five folds

one six-fold accumulator

How much is a 50p Lucky 31 Bet?

Your stake will be multiplied 31 times when placing a Lucky 31. A 50p stake would be a total stake of £15.50 on a Lucky 31.

Lucky 31 Bet Example

Using the Premier League as an example:

Aston Villa to defeat Brentford

Leeds United to defeat Southampton

Manchester City to defeat Manchester United

to defeat Newcastle United

Everton to defeat Brighton

From this bet, five singles will be placed, one single for each game. You will receive a payout if you win just one of these singles. Ten doubles will then be made on the games using your selections. Ten trebles will be made on the matches using your selections in different combinations of winners.

Finally, five fourfolds and one fivefold accumulator will be placed on the game selection. Your winnings will depend on the selections.

Lucky 31 Bet in Horse Racing

Lucky 31 bets are popular in horse racing. This bet type allows punters to select five horses from five different races. Bettors can combine horses at short odds into a more lucrative multiple-bet play.

Each Way Lucky 31 Bet

An each-way Lucky 31 allows you to wager on all five selections in each-way bets. In total, you will make 62 bets in an each-way Lucky 31. Your stake will be multiplied 62 times. The each-way Lucky 31 will pay for every horse that wins or places in the events.

What Sports Can You Bet a Lucky 31?

You can use a Lucky 31 bet on a variety of sports. In fact, there aren't many sports on which you cannot use the bet. As long as there are five different sports events, such as five football matches or five cricket matches, you can place a Lucky 31 bet.

Lucky 31 Bet Strategies

Do your homework before making a Lucky 31 bet. The more selections you make at long odds, the riskier the bet is. However, your reward may not be great enough if you make too many selections at short odds. In addition, the odds could be so short that it takes three selections winning to break even.

What are Similar Bets to a Lucky 31?

One bet similar to the Lucky 31 is the Canadian bet. The Lucky 31 is a full-cover bet, whereas the Canadian bet does not include singles and is made up of 26 bets. The Lucky 15 and Lucky 63 bet types are similar to the Lucky 31.

Lucky 15 Explained

A Lucky 15 bet is very similar to the Lucky 31. However, rather than making 31 bets of equal value on five different events, the Lucky 15 consists of just 15 bets of equal value on four different sports events.

The Lucky 15 consists of:

Four singles

Six doubles

Four trebles

One four-fold accumulator

Lucky 63 Explained

A Lucky 63 is made up of 63 bets. Each bet is of equal value on selections from six different sports events. The Lucky 63 consists of:

Six singles

15 doubles

20 trebles

15 four folds

six five folds

one six-fold accumulator

The Lucky 31 is a bet that consists of five selections from five different events. Thirty-one bets are made across the five events, each of which is of equal value. The bet comprises five singles, 10 doubles, 10 trebles, five four-folds, and one five-fold accumulator. Even if just one of your bets wins, you will receive a payout thanks to the single bets. A Lucky 31 is a full-cover bet often used in horse racing. However, you can use the bet type on various sports including football, cricket, tennis, and many more.