What is a Heinz Bet? Heinz Bets Explained | BoyleSports
What is a Heinz Bet?
A Heinz Bet is common in horse betting. Profits can be made from a minimum of two winning selections, all six selections must come in to claim the full pay-out.
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A Heinz Bet is a type of combination wager that consists of 57 individual bets of the same stake. It is based on six selections and includes one sixfold, six fivefolds, 15 fourfolds, 20 trebles and 15 doubles.
You’ll see a Heinz Bet explained in a similar way to a Lucky 63 Bet, but it doesn’t include the six singles that you have in a Lucky 63. It includes all of the other multiple and accumulator bets, with the six singles the only difference between the 57 and 63 bets you’ll find in the two types of wager.
Heinz betting is possible in a range of sports, but it is most common in horse racing betting. It’s possible to make a profit from a minimum of two winning selections, while all six selections must come in to claim the full payout.
Still asking yourself ‘what is a Heinz Bet?’. Continue reading our guide for more information on this kind of wager.
How do you make a Heinz Bet?
To make a Heinz Bet, all you need to do is pick six selections from six different events. After doing this, choose the Heinz Bet option on your betslip by inserting your stake into the relevant box. The stake will apply to each bet within the Heinz Bet, meaning the total stake will be 57 times the amount you enter.
Taking horse racing as our example sport, a Heinz Bet is made up as below:
Bets 1 to 15 – 15 doubles
Bets 16 to 35 – 20 trebles
Bets 36 to 50 – 15 fourfolds
Bet 51 – Horse 1, Horse 2, Horse 3, Horse 4 and Horse 5 fivefold
Bet 52 – Horse 1, Horse 2, Horse 3, Horse 4 and Horse 6 fivefold
Bet 53 – Horse 1, Horse 2, Horse 3, Horse 5 and Horse 6 fivefold
Bet 54 – Horse 1, Horse 2, Horse 4, Horse 5 and Horse 6 fivefold
Bet 55 – Horse 1, Horse 3, Horse 4, Horse 5 and Horse 6 fivefold
Bet 56 – Horse 2, Horse 3, Horse 4, Horse 5 and Horse 6 fivefold
Bet 57 – Horse 1, Horse 2, Horse 3, Horse 4, Horse 5 and Horse 6 sixfold
Should you be placing a horse racing Heinz Bet, it’s also possible to back your six horses each way. This means you can still receive a payout if your horses place rather than win. A form of hedge betting, this doubles your total stake but provides you with an additional layer of security against losing bets.
How do you calculate a Heinz Bet?
If you’re still wondering ‘how does a Heinz Bet work?’, it can be best to take a closer look at how it is broken down, together with an example of how to calculate one.
Double bet = Horse 1 odds x Horse 2 odds
Treble bet = Horse 1 odds x Horse 2 odds x Horse 3 odds
Fourfold = Horse 1 odds x Horse 2 odds x Horse 3 odds x Horse 4 odds
Fivefold = Horse 1 odds x Horse 2 odds x Horse 3 odds x Horse 4 odds x Horse 5 odds
Sixfold = Horse 1 odds x Horse 2 odds x Horse 3 odds x Horse 4 odds x Horse 5 odds x Horse 6 odds
To calculate the returns from a Heinz Bet, you need to add your stake and the odds on each horse into the equation. To keep things simple, let’s say your stake is £10 and the odds on all six horses are 2/1.
Double bet – £10 x (2/1 + 1) x (2/1 + 1) = Total return £90 / Total profit £80
Treble bet – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £270 / Total profit £260
Fourfold – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £810 / Total profit £800
Fivefold – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £2,430 / Total profit £2,420
Sixfold – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £7,290 / Total profit £7,280
To work out your total payout from this Heinz Bet, we need to combine the returns from each leg. Adding together your 15 doubles at £1,350, 20 trebles at £5,400 and 15 fourfolds at £12,150, together with six fivefolds at £14,580 and the sixfold at £7,290, gives a total return of £40,770. Minus your £570 stake, this is a profit of £40,200.
As you can see, calculating a Heinz Bet is quite complicated. This is even more so when the odds are more complex than in our example. To get around this, you can use a Heinz Bet calculator to work out your returns instantly.
Frequently Asked Questions
What are the advantages of a Heinz Bet?
A Heinz Bet is a form of combination bet with numerous levels of protection built in. A type of hedge betting, you can still turn a profit even if several of your selections lose. Heinz Bets usually come with high returns, while eliminating the risk of losing your entire bet should one or more leg let you down. Heinz betting offers a much higher probability of a winning bet than standard accumulator bets.
What are the disadvantages of a Heinz Bet?
The main disadvantage of a Heinz Bet is that if none of your selections win, then you lose all 57 bets that you place. However, the fact that you can make a profit with only two winning selections minimises this risk significantly. Another disadvantage is that you must place the same stake on each bet within a Heinz Bet, rather than potentially staking less on a riskier selection.
In what sports can you make a Heinz Bet?
Heinz Bets are possible across a wide range of sports but are most popular in football and horse racing. Heinz betting allows you to potentially back an outside horse or team while quickly and easily building in the security of some safer selections – or in other words, to hedge your bets without having to place a larger number of individual bets while working out how to cover the odds for each selection.
How many bets are there in a Heinz Bet?
A Heinz Bet includes a total of 57 bets, which are produced by six selections on six different events. Heinz Bets consist of one sixfold, six fivefolds, 15 fourfolds, 20 trebles and 15 doubles. You receive a payout from a minimum of two winning selections. This can also result in a profit, depending on the odds.
Can you make a Heinz bet Each-Way?
Yes, it’s possible to make an Each-Way Heinz Bet in sports such as horse racing. A good way to hedge your bets, this means your Heinz Bet can still receive multiple payouts should some or all of your horses only place, rather than win their races. Each-Way Heinz Bets double your total stake but provide a significant layer of security to the bet.
What is the difference between a Heinz Bet and a Super Heinz Bet?
The difference between these two types of bet is that a Heinz Bet is based on six selections and a Super Heinz Bet is based on seven selections. A Heinz Bet consists of a total of 57 individual bets of equal value within the wager, while a Super Heinz Bet is made up of 120 bets. Both bets comprise multiple and accumulator bets with no single bets.