What Is a Goliath Bet & How Does It Work? Bet Explained
If you’ve ever heard of a Goliath bet, you might wonder what it means and how it works.
A Goliath bet is a type of advanced wager that involves making multiple selections on a variety of outcomes. This comprehensive bet can seem complex at first, but it’s pretty straightforward once you understand the basics.
In this Bet442 blog post, we’ll break down what a Goliath bet entails and explain everything you need to know. Whether you’re new to betting, or have some experience, learning about different types of bets can be a useful part of responsible gambling.
What Is a Goliath Bet?
A Goliath bet is an extensive type of wager made up of multiple bets that cover many possible outcomes. Specifically, it involves 247 separate bets spread across eight different selections.
The breakdown of a Goliath bet includes doubles, trebles, four-folds, five-folds, six-folds, seven-folds, and an eight-fold accumulator. This means you’re placing bets on combinations ranging from two outcomes, up to all eight outcomes.
To better understand it, consider that you’re betting on the success of each possible combination of the eight selections. In total, you’re making:
- 28 doubles
- 56 trebles
- 70 four-folds
- 56 five-folds
- 28 six-folds
- 8 seven-folds
- 1 eight-fold accumulator
Because there are 247 separate bets, a Goliath bet requires a higher stake than simpler bets. For example, if your stake is 10p per bet, your total stake would be £24.70.
Keep in mind that having multiple bets increases your chances of having at least one winning bet, but it also means you could lose money if certain combinations do not come through.
How Does a Goliath Bet Work?
A Goliath bet involves placing 247 separate bets using eight different selections. These bets include doubles, trebles, four-fold accumulators, and more, covering many possible outcomes.
To place a Goliath bet, you need to choose eight different selections. These could be teams, horses, or any options available for betting. Your stake is applied to each of the 247 bets, so a small stake per bet can add up quickly.
If a few of your selections win, some combinations within your Goliath bet may return a profit. However, it’s important to know that all eight selections do not need to win for you to receive some returns. Even a few successful selections can enable you to recover part, or possibly more than your initial stake.
Goliath Bet In Football Example
Let’s say you want to place a Goliath bet on football matches. You select eight different teams to win their respective matches. Your 247 bets will include various combinations of these teams winning between two to all eight matches.
For instance, one of your bets could be a double that includes Team A and Team B winning. Another could be a treble involving Teams A, B, and C. This pattern continues, covering every possible combination of your eight selections.
If Teams A, B, and a few others win, the bets including those teams will payout based on the odds of each winning. While some bets may lose if certain teams don’t win, other combinations could still provide some returns.
This variety of combinations can make a Goliath bet intriguing, but it’s essential to consider the higher total stake and potential for different outcomes.
Super Goliath Bet Explained
A Super Goliath bet takes the concept of a Goliath bet even further by involving nine selections. This extensive type of wager consists of a massive 502 individual bets.
Here’s a breakdown of the Super Goliath bet components:
- 36 doubles
- 84 trebles
- 126 four-fold accumulators
- 126 five-fold accumulators
- 84 six-fold accumulators
- 36 seven-fold accumulators
- 9 eight-fold accumulators
- 1 nine-fold accumulator
Like the Goliath, you need at least two successful selections to see a return. However, the more selections that win, the higher the potential payout can be.
Key Points:
High Cost: Each of the 502 bets is an individual wager, so the total stake can be very high. For example, a £1 Super Goliath would cost £502.
High Potential Reward: With more selections and combinations, the potential payout can be significant, especially if many or all of the selections win.
Risk: Due to the large number of bets involved, this bet carries a high risk. There’s the possibility of losing a considerable amount if only a few or none of the selections win.
This type of bet is typically favoured by more experienced gamblers who feel confident in their selections and are prepared to stake a larger amount for a chance of a substantial return.
Some betting platforms may offer this type of bet, but it can be different depending on the bookmaker. If you’re considering placing a Super Goliath Bet, it may be a good idea to check with the bookmaker directly, either by browsing their website or contacting customer support to confirm availability and any specific requirements.
Is a Goliath Bet Worth It?
Deciding if a Goliath bet is worth it boils down to personal preference. This type of bet involves a higher stake due to the 247 separate bets required. For some, the potential for covering many outcomes can be appealing as it provides multiple chances for returns.
However, the total stake required means it can be more costly compared to simpler bets. It’s essential to weigh the potential returns against the higher risk and larger initial outlay.
Ultimately, whether a Goliath bet is worth it depends on your individual betting strategy and comfort with the associated risks. Engaging in responsible gambling practices ensures that you make informed decisions that suit your needs and preferences.
*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to these games are subject to change at any time. Game features mentioned may not be available in some jurisdictions.