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The 'Lucky 15' bet is a popular multiple bet, which involves 4 selections, amounting to 15 invdividual bets across those. This bet type consists of 4 singles, 6 doubles, 4 trebles and 1 four-fold accumulator. In order to gain a return, the bettor requires just one of the four selections to be settled as a winner.

Bettors wishing to cover a range of outcomes and bundle numerous wagers into one multiple bet could consider the Lucky 15 bet. This type of bet allows punters to make four selections and 15 different wagers from those selections.

Four, three, two or just one of those selections can win and the bettor can make a return. The bet is called a Lucky 15 because in certain scenarios, a bettor can earn bonuses from bookmakers and add more money to their winnings.

Lucky 15s are more expensive to place that regular bets. This is because for every bet placed, a new stake is being added. For example, if the punter wishes to place a £2 unit stake per leg, this total would rise to £30 overall because a £2 unit stake is being placed on each of the 15 bets.

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Spot prices for gold this week touchedR$2,000 per ounce for the first time since the immediate aftermath of Russia’s invasion of Ukraine. Prices slipped back after testing the level several times throughout the week, but trading in options contracts linked to the metal suggest many investors are expecting a more sustained rally in the weeks ahead.

Financial investors generally make bets on gold prices through futures contracts, exchange traded funds, or options contracts tied to them. Aakash Doshi, head of commodities for North America at Citigroup, said there had been a surge in investor activity across all three channels in recent weeks.

“The big catalyst has been the stress in the regional banking system in the US . . . [and] it has been pretty much one-directional buying,” he said.

March is set to be the first month of net inflows into gold ETFs for 10 months, while the volume of bullish options bets tied to the funds has approached record levels.

Call options give investors the right to buy assets at a set price at a later date. The five-day rolling volume of call options on the SPDR Gold Trust ETF has surged more than fivefold since the start of the month. The ratio of calls to puts — options that are used to make bearish bets or protect against downside risk — has also swung to extreme levels, suggesting a consensus among traders that prices are on the way up.

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