As we continue our series demystifying betting jargon and terminology, we turn to the Goliath Bet, the second largest of the named wagers. The Goliath is a daring proposition which is usually only seen among experienced gamblers, but one which is available on most betting software platforms.
There are no fewer than 247 bets in the Goliath, placed on eight separate events.
Here is how a Goliath Bet is constituted:
- 28 doubles
- 56 trebles
- 70 four-folds
- 56 five-folds
- 28 six-folds
- 8 seven-folds
- A single eight-fold accumulator.
The Goliath is a type of full-cover bet. Full-cover bets are a way of hedging. In an ordinary multiple bet, all of the selections you made must win if you are going to get a return. But because, for example, you place twenty-eight double bets on the first event of a Goliath, there is a much higher chance that one of them will pay out. So the smallest number of selections that need to win in order to guarantee you a return is two. The Trixie Bet, which we’ve explained previously, is also a full-cover bet.
As big as the name implies, the Goliath is a bet for the consummate gambler, a huge risk with the potential for a huge reward. It requires the punter to set up 247 lines, which is a serious ante – even if you only bet £1 per line, that’s still an initial outlay of £247. However, if all of your selections win, and if (to keep things simple) you made each bet at three to one odds, you can walk home with no less than £390,592 in your pocket. Furthermore, being a full-cover bet, the Goliath is relatively safe. If only half of your selections win at the same odds, you come away with £608, or more than twice what you set down.
No, if you’re wondering, we didn’t do that math in our heads, nor do we recommend that you do so. Here’s a handy calculator. Just plug in the stake, the odds, and the terms of the bet, and the website works out your return and profit automatically.
We said earlier that the Goliath is the second largest named wager. The largest is its close cousin, the Goliath Flag. A Flag Bet (not to be confused with a Union Jack Bet, which happens to be something completely different) consists of an existing wager type with additional up and downs added. An up and down, in turn, consists of two single bets; if the first selection wins, then its original stake is added to the stake on the second selection, and if both selections win then both stakes are raised. So if both stakes win, then the punter receives twice the winnings, but if only one wins, then both stakes are lost. You can find flag bets on most betting apps, although you usually won’t be allowed to make them or any up and down bets ante-post. In a Goliath Flag wager, there are twenty-eight single stakes about up and down pairs, which raises the total number of bets to a whopping 303.
If you’re wondering what the return on the earlier Goliath wager – £1 outlay, three to one odds across the board – would look like if the bet had been a Goliath Flag, then we’re a step ahead of you. It would have been £390,984. If only half of the selections had won, it would have been £740. Here is the calculator again.
For more on the Goliath Bet, specialized wagers in general, and betting systems, please click through to visit our website. If you have questions about this or any other topic, don’t hesitate to contact us.
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