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.
