What Is A Goliath Bet? A Beginner’s Guide With Examples
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A Goliath bet is a form of multiple bet which consists of 247 bets over eight different selections. It has 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, eight seven-fold accumulators and one eight-fold accumulator. Although it has a significantly higher stake than a traditional accumulator, it does make a return more likely.
What Is A Goliath Bet?
A Goliath bet is a form of multiple, popular on horse racing and football
It consists of 247 bets on eight selections
It is known as a full-cover bet
We break down the 247 bets and explain how they work
When you place a Goliath bet, you are placing 247 bets on eight different selections. A £1 win-only Goliath bet would, therefore, cost a hefty £247.
A Goliath contains no single bets. At least two of the eight selections must win for any return to be achieved on the bet.
The 247 bets consist of:
Part Number of bets Doubles 28 Trebles 56 Four-folds 70 Five-folds 56 Six-folds 28 Seven-folds 8 Eight-folds 1 Total 247
How To Work Out A Goliath Bet
Work out your winnings with our Goliath Bet Calculator.
Goliath Bet Calculator Enter Bet Details Reset All EACH WAY Multiple Options Win-to-Win, Place-to-Place Equally Divided (All EW) Odds Format Fractions Decimals American Add Selection Notes # Outcome Odds Place Odds Rule 4 1 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 2 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 3 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 4 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 5 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 6 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 7 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 8 Winner Placed Dead Heat Lost Void / Non-Runner / 1/1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 Places Offered: 1 2 3 4 5 6 7 8 9 Tied Position: 1 2 3 4 5 6 7 8 9 Number of Runners in Dead Heat: 1 2 3 4 5 6 7 8 9 Summary (Updated Automatically) Stake Type Stake Per Bet Total Combined Stake Stake Total Outlay Total Return Total Profit
How Many Selections Need To Win For A Goliath Bet To Be Profitable?
The price of each selection will have a large influence on how many selections need to win for a Goliath to be profitable. If only two selections win, these selections must have very high odds for the overall bet to return a profit. We have provided an example to indicate generally how many winning selections might generate a profit.
For example – you bet £1 on a Goliath at a total stake of £247. Each horse is priced at 3/1.
0 selection wins – £0 return with a loss of -£247
– 1 selection wins – £0 return with a loss of -£247
– 2 selection wins – £16 with a loss of -£231
– 3 selection wins – £112 return with a loss of -£135
– 4 selection wins – £608 return with a profit of £361
– 5 selection wins – £3,104 return with a profit of £2,857
– 6 selection wins – £15,600 return with a profit of £15,353
– 7 selection wins – £78,096 return with a profit of £77,849
– 8 selection wins – £390,592 return with a profit of £390,345
The breakeven point in the example is around four winning selections. Five or more is likely to generate a tidy profit. Although these are only example prices, it is apparent how incredible the returns could be for Goliath if all selections win.
Why M ake A Goliath Bet?
The very high returns a Goliath can generate, as demonstrated above, are appealing to punters. The same high return could be achieved with an eight-fold accumulator, but it would require all selections to win for any return to be generated.
For some punters, a Goliath bet is a more exciting way to bet on a multiple as it increases the chance of a return. Providing two of the eight selections win, some returns will be generated.
The disadvantage of a Goliath bet is the mammoth stake it requires. With 247 bets instead of one, the stake will be much higher. Some will prefer a 50p stake rather than £1, but even then the stake remains very high for the average punter.
Is I t P ossible To D o An E ach W ay Goliath?
Yes. If your pockets are deep enough! To know on which odds you could place a Goliath Bet, come check out our selection of best betting sites.
An each-way Goliath bet consists of 494 bets. 247 bets are as described above, and 247 additional bets are for the selections to place.
We have another article which explains how each way bets work in more detail.
How To Place A Goliath Bet On Horse Racing
As a horse racing specialist, there’s no better site to place a goliath bet than Fitzdares. And it’s fairly easy to do too.
If you haven’t signed up yet, make sure to sign up with the Fitzdares welcome offer. When you’ve done that and signed in, head to the horse racing section listed in the left column.
From here, click on the races of interest and select the horse you like. You’ll need to do this eight times.
The selections will appear on your betting slip but the option for a Goliath bet isn’t visible straight away. click on the ‘show more multiples’ and more will appear, including a Goliath bet.
When you’ve found the Goliath bet option you’ll then need to add a stake. Remember to take into account that you’ll be making 247 bets, so unless you want to stake hundreds of thousands, be sure to keep it low. In our example, we’re betting 10p.
Once you’ve added the stake, you’re all set. Place your Goliath bet by clicking the yellow ‘Place Bet’ button and then sit back.
