What Is A Lucky 15 Bet? Lucky 15 Betting Explained
Have you been wondering what is a lucky 15 bet? Well wonder no more as we explain everything you need to know about lucky 15 betting!
What Is A Lucky 15 Bet?
A Lucky 15 Bet is a combination wager based on four selections. Lucky 15 betting is one of the most popular ways to bet on horse racing.
If you’re after more details on what a Lucky 15 bet is, read here to see how to calculate one.
Every possible combination from those four picks is covered, resulting in a total of 15 different bets.
The 15 bets are made up of one fourfold, four trebles, six doubles and four singles. It’s possible to hear a Lucky 15 Bet explained in a similar way to a Yankee Bet, which has the first 11 selections of a Lucky 15. The key difference between the two is the four single bets, which the Yankee doesn’t have.
As long as the odds on one of your selections are greater than 15/1, it’s possible to turn a profit if only one of your picks is a winner. If you’re after more details on what is a Lucky 15 Bet, scroll down to see how you calculate one.
How do you make a Lucky 15 Bet?
So, how does a Lucky 15 Bet work? And how do you place one?
It’s simpler than it may look at first glance. Simply add four selections to your online betslip and choose Lucky 15. When you enter your stake, this is the amount you want to place on each selection, so the total stake will be 15 times this amount.
Lucky 15 Bets are popular in horse racing. After choosing your four picks from four different races, your Lucky 15 Bet will look like this:
Bet 1 – Horse 1 single
Bet 2 – Horse 2 single
Bet 3 – Horse 3 single
Bet 4 – Horse 4 single
Bet 5 – Horse 1 and Horse 2 double
Bet 6 – Horse 1 and Horse 3 double
Bet 7 – Horse 1 and Horse 4 double
Bet 8 – Horse 2 and Horse 3 double
Bet 9 – Horse 2 and Horse 4 double
Bet 10 – Horse 3 and Horse 4 double
Bet 11 – Horse 1, Horse 2 and Horse 3 treble
Bet 12 – Horse 1, Horse 2 and Horse 4 treble
Bet 13 – Horse 1, Horse 3 and Horse 4 treble
Bet 14 – Horse 2, Horse 3 and Horse 4 treble
Bet 15 – Horse 1, Horse 2, Horse 3 and Horse 4 fourfold
If you want to hedge your bets even further with a Lucky 15 Bet, you can also choose to back your horses each way. An each way Lucky 15 Bet doubles your stake and the total number of selections to 30, but covers you if one or more of your horses doesn’t win but still manages to place.
How do you calculate a Lucky 15 Bet?
To calculate a Lucky 15 Bet you need to combine the odds from all 15 selections together. Taking a win only Lucky 15 Horse Racing Bet, this means combining the odds from your four singles, six doubles, four trebles and fourfold accumulator.
Single bet = Horse odds
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 x Horse 4 odds
To work out your return and profit from a Lucky 15 Bet, all you need to do is add your stake and the odds on each selection. For simplicity’s sake, imagine you’re staking £10 on each selection, with each one having odds of 2/1.
Single bet – £10 x 2/1 = Total return £30 / Total profit £20
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
To get your total payout from a Lucky 15 Bet, you need to add together each leg. In this example that means four singles with a total return of £120, six doubles at £540, four trebles totalling £1,080 and a fourfold worth £810. This gives you a return of £2,550, with a profit of £2,400.
Once you know how to calculate a Lucky 15 Horse Racing Bet, it’s not too difficult to work out your profits. However, it’s much quicker to use a Lucky 15 calculator. Simply enter the details of each of your selections into our online Lucky 15 calculator and you’ll get your payout details back instantly.
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Frequently Asked Questions About Lucky 15 Betting
What are the advantages of a Lucky 15 Bet?
A Lucky 15 Bet is good way of hedging your bets in case one of your four selections fails to come in. A profit can be turned if only one selection wins, with bigger payouts coming with more correct picks. Lucky 15 Bets come with a much higher probability of winning than if you place a regular fourfold accumulator.
What are the disadvantages of a Lucky 15 Bet?
Some parts of a Lucky 15 Bet have lower odds than a regular accumulator. However, the attraction of Lucky 15 Bets is the additional security this offers. It can be considered a downside that if a Lucky 15 Bet loses on all four selections, then you lose a total of 15 bets, rather than just one in an accumulator.
In what sports can you make a Lucky 15 Bet?
Lucky 15 Bets are most common in horse racing, although it’s possible to place them on a wide range of sports including football. As a form of hedge betting, Lucky 15 Bets are attractive among horse racing bettors as they allow you to protect a selection with high odds, meaning you can potentially turn a much bigger profit with less risk attached.
How many bets are there in a Lucky 15 Bet?
Lucky 15 Bets have a total of 15 bets – one fourfold, four trebles, six doubles and four singles. A Lucky 15 Bet is made up of four different selections. All four of these must come in for the maximum payout to be achieved, although a profit can still be turned as a result of only one winning selection.
What is a Lucky 31 bet?
A Lucky 31 Bet is a type of combination wager based on five different selections. It’s made up of five singles, 10 doubles, 10 trebles, five fourfolds and one fivefold accumulator. A Lucky 31 Bet adds one more selection to a Lucky 15 Bet, which is based on four selections.
Ready to make your very own Lucky 15 bet? You can do it right here at BoyleSports!
Read More Of Our Betting Guides:
What is Lucky 31 Bet? Lucky 31 Betting Explained
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How To Bet On Horse Racing: A Beginners Guide
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