Online betting has gained immense popularity in India due to the rise of top bookmakers in the country.
You will find a wide range of bet types these online betting websites have to offer. From straightforward single bets to more complex system bets, you will find an endless number of bet types with these platforms.
One popular but complex system bet is the Goliath bet. If you are new or still a rookie in the betting world, then you will be surely wondering what Goliath Bet is.
We are here to help you with everything you have to know about this type of bet.Β
Introduction to Goliath Bet
A Goliath Bet in sports betting is a comprehensive and complex betting type, that consists of a total of 247 individual bets spread across eight selections.
It's an expansive bet that combines various multiples, including doubles, trebles, fourfolds, five-folds, sixfolds, sevenfolds, and an eightfold accumulator.Β
The complexity of the Goliath Bet lies in its vast coverage of potential outcomes. While it offers the opportunity for some mammoth winnings due to the number of combinations, it also demands a higher stake due to its wide range of coverage.
This type of bet is mostly used by experienced bettors who have experience in the betting world and different kinds of markets.
It requires a careful approach to selecting outcomes, considering the odds and risks involved in it.Β
How Does a Goliath Bet Break Down?
Goliath Bet comprises 28 doubles, 56 trebles, 70 fourfolds, 56 five-folds, 28 sixfolds, 8 sevenfolds, and 1 eightfold accumulator.
Each selection is combined in multiple ways to create these different bet types. For instance, in a double, two selections need to win for the bet to succeed; in a treble, three selections need to win, and so forth.
The accumulator requires all eight selections to win for any return. Let's use English Premier League (EPL) teams as an example to explain how a Goliath Bet will work.
To break it down further, let's say you're considering the EPL matches involving Manchester United, Manchester City, Liverpool, Chelsea, Arsenal, Tottenham Hotspur, Newcastle United, and West Ham United.
- Chelsea
- Manchester City
- Liverpool
- Manchester United
- Arsenal
- Tottenham Hotspur
- Newcastle United
- West Ham United
For a Goliath Bet, you'll have various combinations of bets:
- Doubles: Chelsea & Manchester City, Chelsea & Liverpool, Chelsea & Manchester United, and so on for all possible pairings (totaling 28 doubles).
- Trebles: Chelsea, Manchester City & Liverpool; Chelsea, Manchester United & Arsenal; and so on for all possible combinations of three teams (totaling 56 trebles).
- Fourfolds: Combinations of four teams, such as Chelsea, Manchester City, Liverpool, and Manchester United (totaling 70 fourfolds).
- Fivefolds: Combinations of five teams, e.g., Chelsea, Manchester City, Liverpool, Manchester United, and Arsenal (totaling 56 fivefolds).
- Sixfolds: Combinations of six teams (28 sixfolds).
- Sevenfold: A combination of seven teams (8 sevenfolds).
- Eightfold accumulator: All eight teams combined into a single bet.
Each bet type within the Goliath Bet requires a different number of correct predictions to yield a return.
For instance, in a double, both chosen teams must win; in a treble, all three teams must win, and so on.
If all eight selected teams win their respective matches, all 247 bets would win, resulting in some huge returns due to the multiple successful combinations.
However, if just one team fails to win, most of the bets would lose, resulting in potential losses unless some individual bets manage to win independently.
Strategies for a Goliath Bet
Mastering the Goliath bet requires precision and a strategic approach.
Explore some tactics that you should keep in mind while placing a Goliath Bet.Β
- Diversify Selections: Spread your selections across different matches and outcomes to limit the risk. Donβt solely focus on favourites; consider underdogs with decent odds as well.
- Bankroll Management: As a rule, don't bet more than you can afford to lose. With a Goliath bet covering numerous combinations, your bet amount can accumulate quickly.
- Research and Information: In-depth knowledge about the teams, player form, injuries, and historical matchups can help you in this betting type.Β
- Hedging Bets: As your Goliath bet progresses and some selections win, you might consider hedging your bets by placing additional wagers to secure a guaranteed profit. This tactic can also help in curtailing your losses.Β
Other Popular System Bets Aside From The Goliath Bet
Apart from the Goliath bet, there are lots of other system bets as well which you can explore to make your betting expedition exciting.
You can go beyond just one type of bet and discover lots of other ones as well.
So letβs check them out.
- Yankee: This consists of 11 bets involving 4 selections in different events – 6 doubles, 4 trebles, and 1 fourfold accumulator.
- Lucky 15: Similar to a Yankee but includes 15 bets over 4 selections – 4 singles, 6 doubles, 4 trebles, and 1 fourfold accumulator.
- Super Yankee (or Canadian): It's made up of 26 bets over 5 selections – 10 doubles, 10 trebles, 5 fourfold accumulators, and 1 fivefold accumulator.
- Heinz: The Heinz bet involves 57 bets over 6 selections – 15 doubles, 20 trebles, 15 fourfold accumulators, 6 fivefold accumulators, and 1 sixfold accumulator.
- Lucky 31: Similar to a Heinz but includes 31 bets over 5 selections – 5 singles, 10 doubles, 10 trebles, 5 fourfold accumulators, and 1 fivefold accumulator.
- Super Heinz: This comprises 120 bets over 7 selections – 21 doubles, 35 trebles, 35 fourfold accumulators, 21 fivefold accumulators, 7 sixfold accumulators, and 1 sevenfold accumulator.
Each system bet offers a different number of bets based on the selections made and follows a similar concept of combining various betting stakes into a single bet slip.
System bets can be very exciting due to their potential for significant returns, but they require careful consideration and a strategic approach because of their complexity.
