Lucky 15 bet is a bet similar to a pool bet, or you can understand that Lucky 15 bet will combine many selected markets. With this type of bet, bettors will have a winning rate as well as a chance to win a huge amount of money when participating in the bet. Let’s find out how Lucky 15 bets work on W88 online bookie.
What is a Lucky 15 bet?
The Lucky 15 bet is a popular way to bet on many sports at the W88 online bookie, including the most popular horse racing betting. When you place a Lucky 15 bet, you’re placing 15 bets on four different selections. Thus, a Lucky 15 bet that wins only 1$ would have a total cost of 15$.
How does a Lucky 15 bet work?
The Lucky 15 bet consists of a bet involving 4 different selections. Also known as 4 Singles, 6 Doubles, 4 Trebles and 1 Four-fold. Any player who wins is guaranteed a high return profit. 15 bets of Lucky 15 are shown in the table below:
If you have four selections in different events and you want each of them to win, Lucky 15 covers all multiple combinations (Doubles, Trebles and Four-fold), and adds insurance bets for four single bets in case of only one selection.
How to calculate winnings of Lucky 15 bet
Using W88 online bookie’s Lucky 15 betting calculator is the easiest way to calculate what you can win using Lucky 15 bet. Or you can take the following steps to calculate your winnings yourself:
- If you have fractional odds, convert them to decimals. Do this by dividing the highest number within the fraction by the bottom number and adding one to your answer. (For example, 2/1 becomes 3.0 and 9/4 becomes 3.25.)
- Calculate Single bet: decimal odds x stake = refund (including stake)
- Calculate Doubles: selection of 1 odds x selection of 2 odds = refund (including bet)
- Calculate Trebles: selection 1 odds x selection 2 odds x selection 3 odds = return (including stake)
- Calculate Four-fold: selection of 1 odds x selection of 2 odds x selection of 3 odds x selection of 4 odds = return (including stake)
Advantages and disadvantages of Lucky 15 Bet
One benefit of Lucky 15 is that it significantly diversifies the risk of an option losing in a single multiple bet. The traditional accumulator is lost when only one selection does not win.
If you are more confident that the majority of your selections will win, then the Lucky 15 bet will increase your chances of making a positive profit on your bet. Plus four single bets, an advantage is higher stakes, higher rewards.
From another perspective, the downside of Lucky 15 bets is the required stake. With 15 bets, the cost of placing Lucky 15 can be very high. You need to consider whether the increased chances of winning are worth this higher bet amount.
How does a Lucky 15 each-way work?
While the standard Lucky 15 can be used for any sport, the Lucky 15 is in each way best suited for horse racing. Each Lucky 15 way includes the standard set of bets but adds another 15 based on the ‘position’ part of each bet. Lucky 15 each way covers a total of 30 bets, so a bet of £1 would make a total bet of £30.
In this situation the standard Lucky 15 would return £989 from the £15 deposit. Lucky 15 each pays out at 1/5 odds if a horse finishes in the top 3, generating a maximum profit of £1044.16 from £30 of the bet.
Conclusion
Hopefully through the above article you have understood that the 15 Lucky bet includes 15 bets for four different selections. Its popularity stems from the increased chances of gaining profits compared to a traditional accumulator. However, always consider the increased risk of a larger cost of equity when choosing to bet Lucky 15 on W88 online bookie.
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