What Is A Goliath Bet?
Plenty of people interested in betting have asked ‘What is a goliath bet?’. The name is a bit of a giveaway here – a goliath is a huge endeavour for a bettor and requires extensive research.
It is a combination of permutations combining a total of eight selections. Your stake per line is multiplied by 247 to cover all outcomes (excluding singles). Goliath bets are not for the faint-hearted.
With so many different lines in this bet, big returns are possible even from small stakes. Think of a goliath as an eightfold wager with insurance for each leg. One leg missing out would still see the vast majority of your 247 bets pay out.
The upside with a goliath is undeniable, even if you don’t nail every selection. For example, a 10p Goliath bet would cost £24.70 to place. But if you have eight winning lines, the returns on an eight-fold accumulator could be very big!
Before we move on to looking at the profits that can be garnered from this bet type, it is important to answer the question, what is a Goliath bet?
Here is an example of a goliath bet on 888Sport:
A Goliath consists of 247 bets on eight selections i.e. 28 doubles, 56 trebles, 70 fourfold accumulators, 56 fivefold accumulators, 28 sixfold accumulators, eight sevenfold accumulators and one eightfold accumulator.
Two or more selections must be successful to have a return. A £1 Goliath costs £247.
Goliath Betting in Horse Racing
We have used several ante-post selections from the Cheltenham Festival to compile a goliath bet. Goliath betting is increasingly popular among horse racing bettors, particularly at the major events.
This is the ideal time to create a goliath bet. It can keep you engaged throughout the meet beyond other live betting interests and the highest profile races.
Other blockbuster horse racing betting events like Royal Ascot, the Aintree Grand National Meeting, Glorious Goodwood or the Punchestown Festival will have antepost markets available a long time before the event, enabling you to prepare your goliath bet.
By using a Goliath bet calculator, you could weigh up the potential returns on your investment on a bet of this type that would provide a sustained interest in, for example, the entire four days of the Cheltenham Festival.
Decide on the stake for your goliath bet depending on your bankroll and the potential winnings. If all of your bets hit in a goliath, the return on investment can be enormous.
Goliath Betting in Other Sports
Other sports are applicable for goliath bets, too. You might want to combine picks from the Snooker World Championships, Wimbledon, or mix it up with selections across sports.
In general terms, this bet is ideally suited to selections priced at around even-money.
For Goliath betting, this means that the potential earnings on your bet are quickly doubling up with each winning selection that you have.
While we now have the Goliath bet explained, it is worth pointing out too that this bet type is often employed by experienced bettors.
As the number of lines involved is so big, you should be confident in your understanding of this bet before using it. There might be eight picks involved, but it’s important every selection is carefully considered.
Once you learn a bit more about the Goliath bet, it could prove to be a useful betting tool if you are finding that accumulators are being let down by one or two legs time and again.
With the Goliath’s full coverage, you will still be able to show a handsome profit if you can achieve five winning legs from eight selections.
Goliath Bet FAQs
Is Goliath A Good Bet?
Arguably the most exciting bet type around, the Goliath gives punters the chance to win a large sum of money. Be sure to conduct thorough research before placing a goliath.
How Do You Place A Goliath Bet With 888sport?
Go to your chosen sport and add eight selections to your bet slip. Then, click permutations on the tab and scroll down to the Goliath bet section.
Can You Do An Each Way Goliath Bet?
Yes – 888sport customers can place an each-way Goliath by simply ticking the box next to the selection.
When Is A Goliath Bet The Best Option?
If you are looking to enjoy yourself with a thrilling multiple, the Goliath bet is the one for you.
Goliath Bet Summary
Goliath bets are a fun option for bettors in the UK. The chance to combine eight selections for a mega wager, which includes 247 bets.
Instead of backing a straight eightfold, a goliath gives bettors an insurance policy by breaking down every combination of the eight selections into smaller wagers. If you happen to land all eight picks, you will still win big with the eightfold, too.
Follow our simple steps to placing a Goliath bet at 888sport and we wish you the best of luck with your future wagers!
