What is Lucky 31 Bet? Lucky 31 Betting Explained | BoyleSports
Lucky 31 Bet
What is a Lucky 31 Bet?
A Lucky 31 Bet is a type of combination bet that’s made up of five selections, it’s possible across a range of sports. Read more about this kind of wager.
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Combining a number of singles, multiples and accumulators, every eventuality from those selections is covered to give a total of 31 bets.
Lucky 31 Bets consist of one fivefold, five fourfolds, 10 trebles, 10 doubles and five singles. This form of bet is very similar to a Lucky 15 Bet, adding one more selection to increase the total number of bets. It’s possible to make a profit from a Lucky 31 Bet if only one of your five selections comes in, as long as the odds are higher than 31/1.
Lucky 31 betting is possible across a range of sports, although it’s most popular in horse racing. If you’re asking yourself ‘how does a Lucky 31 Bet work?’, read on for more details about this kind of wager.
How do you make a Lucky 31 Bet?
It’s really easy to make a Lucky 31 Bet, especially with BoyleSports. All you need to do is add five selections from five different events to your betslip. Scroll down to the list of options for the different types of bets on offer, and enter your stake into the Lucky 31 box.
The stake you choose will be applied to each of the 31 bets in the Lucky 31. In horse racing, for example, this means picking five winners and backing all 31 eventualities from those horses winning their races.
Bets 1 to 5 – Five singles
Bets 6 to 15 – 10 doubles
Bets 16 to 25 – 10 trebles
Bet 26 – Horse 1, Horse 2, Horse 3 and Horse 4 fourfold
Bet 27 – Horse 1, Horse 2, Horse 3 and Horse 5 fourfold
Bet 28 – Horse 1, Horse 2, Horse 4 and Horse 5 fourfold
Bet 29 – Horse 1, Horse 3, Horse 4 and Horse 5 fourfold
Bet 30 – Horse 2, Horse 3, Horse 4 and Horse 5 fourfold
Bet 31 – Horse 1, Horse 2, Horse 3, Horse 4 and Horse 5 fivefold
In a Lucky 31 horse racing bet, it’s also possible to back your horses each way. This is a form of hedging and doubles your total stake, but also gives you an extra layer of security as you’ll still receive payouts for horses placing rather than only winning.
How do you calculate a Lucky 31 Bet?
Still wondering ‘what is a Lucky 31 Bet?’. It may help to see a Lucky 31 Bet explained with more detail on the calculations involved. To work out the odds for each bet within a Lucky 31, these are the equations:
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
Fivefold = Horse 1 odds x Horse 2 odds x Horse 3 x Horse 4 odds x Horse 5 odds
To get your potential returns, you need to add the odds on each horse and your stake into the equation. To keep things simple, let’s say all five of the horses you’re backing are 2/1, and your stake is £10.
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
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
To work out your total payout from a Lucky 31 Bet, simply add together the return from each leg. In our example, the five singles have a total return of £150, while the 10 doubles and trebles return £900 and £2,700 respectively. Adding £4,050 from the fourfolds and £2,430 from the fivefold gives us a total payout of £10,230, with a profit of £9,920.
As you can see, calculating a Lucky 31 Bet is quite complicated, especially once you start introducing different odds into the mix. As such, you can enter the details of your selections into an online Lucky 31 Bet calculator to work out your returns instantly.
Frequently Asked Questions
What are the advantages of a Lucky 31 Bet?
Lucky 31 Bets are great for introducing the potential for huge returns while minimising the risk associated with a typical accumulator bet. A form of hedge betting, you can make a profit from as little as one correct selection, giving you a much higher chance of winning compared to a straight fivefold accumulator.
What are the disadvantages of a Lucky 31 Bet?
The main disadvantage of a Lucky 31 Bet is that you are in effect placing 31 different bets. If all your selections lose, then you lose 31 times. This is different to a straight accumulator bet, where you only lose once if none of your selections come in. However, by building in legs that are safer bets than a straight accumulator, your overall level of risk is lowered.
In what sports can you make a Lucky 31 Bet?
Lucky 31 Bets are most popular in horse racing, although they’re also possible in sports such as football. Lucky 31 betting is a great way to include an outside choice, or long shot, in your bet, which is what makes it attractive in horse racing. The risk of this is mitigated by the safer selections within the bet, but the potential payout should the outsider come in can be huge.
How many bets are there in a Lucky 31 Bet?
There’s a total of 31 bets in a Lucky 31 Bet – one fivefold, five fourfolds, 10 trebles, 10 doubles and five singles. Based on five selections, it’s possible to turn a profit if only one of these come in. The full payout will only be received should all five selections come in.