The Heinz bet, named after the iconic “57 Varieties” slogan of the Heinz company, is multi-faced in the world of online sports betting.
Packed with 57 individual bets packed into one, it offers exciting potential returns but demands a thorough understanding before using it.
Continue reading below to learn about the Heinz bet and how you can utilise it by implementing your strategies.
What's a Heinz Bet?
A Heinz bet is a bit fancy. It involves picking six things to bet on, like teams in a game. But here's the cool part – it makes 57 smaller bets from those six picks.
This includes 15 doubles (pairing up two picks), 20 trebles (combining three picks), 15 four-folds (mixing four picks), 6 five-folds (using five picks), and 1 six-fold accumulator (all six picks together).
The idea is to win something even if a few picks don't work out.
A Heinz bet is advanced and used in various sports. You can't use this type of bet for just one game or match; it's meant for multiple events.
It works well when events are close together, like in horse and greyhound racing. Sometimes, you can use Heinz bets in different sports too. Now, a Heinz bet is tricky. It involves 57 bets over six events. That can cost you quite a bit.
The cool part is that it covers a lot, so you can win something. But winning the whole bet doesn't happen very often.
The name “Heinz Bet” comes from the Heinz company that makes ketchup.
They used to have “57 varieties” of products, and people similarly thought of this bet. So, they started calling it the Heinz bet, and the name stuck.
Example of a Heinz Bet
It is crucial that you first understand the bet completely and then only go with the wager. Imagine six football matches and you place a Heinz bet with an INR 1 stake per bet.
Here's how the bet unfolds:
- Manchester United vs. Liverpool: Manchester United to win (3.00)
- Arsenal vs. Chelsea: Draw (4.00)
- Tottenham Hotspur vs. Manchester City: Manchester City to win (1.67)
- Everton vs. West Ham United: West Ham United to win (3.50)
- Leicester City vs. Aston Villa: Leicester City to win (2.75)
- Southampton vs. Crystal Palace: Southampton to win (5.50)
Let's break down the bet
- Total bets: 57 (15 doubles, 20 trebles, 15 four-folds, 6 five-folds, and 1 six-fold)
- Stake per bet: INR 10 (assuming you want to keep it manageable)
- Total stake: INR 570 (57 bets x INR 10)
Now, let's see the potential winnings:
- No winners: You lose your entire stake of INR 570.
- One winner: You only win the double bets related to that winner. Let's say Manchester United wins, you win INR 20 on each of the three double bets involving them.
- Two winners: You win the double bets for both winners and some treble bets. Assuming both Manchester United and West Ham United win, you win INR 20 for each double bet (3 in total) and INR 60 for each treble bet involving both winners (1 in total).
- And so on The more winners you have, the more bets you win and the higher your potential returns. If all six teams win, you hit the jackpot.
Hitting the jackpot with Heinz Betting
As mentioned above if all of your selection wins, you are bound to hit the jackpot and win some amazing sum of money.
Here's if you win potential jackpot
- Six winners: With all six teams winning, you win on all 57 bets! Let's calculate the winnings:
- Doubles: 15 bets x INR 20/bet = INR 300
- Trebles: 20 bets x INR 60/bet = INR 1200
- Four-folds: 15 bets x INR 180/bet = INR 2700
- Five-folds: 6 bets x INR 540/bet = INR 3240
- Six-fold: 1 bet x INR 2430/bet = INR 2430
- Total winnings: INR 300 + INR 1200 + INR 2700 + INR 3240 + INR 2430 = INR 9870
So, with a total stake of INR 570 and all six teams winning, you could potentially win a whopping INR 9870!
Benefits of Heinz Bets
Although every bet type and strategy has its strengths and weaknesses, it is crucial that you completely understand it first regarding your strategy.
Following are a couple of benefits of using Heinz Bet:
- Safety net: Unlike an accumulator, you don't need all your selections to win to get a return. Even if only two or three selections win, you can still make a profit
- Higher potential returns: If all six selections win, your payout can be significant compared to a single bet.
Drawbacks of Heinz Bets:
Just like the benefits, certain drawbacks come with Heinz Bet. You should be careful while placing the bet.
Following are a few limitations and drawbacks that come with the Heinz Bet.
- Higher cost: Placing a Heinz bet requires making 57 individual bets, which can be expensive, especially if you're betting with high stakes.
- Risk of losing: Even though you don't need all selections to win, you still need at least two to make a profit. The odds of getting two or more winners can be challenging.
On What Sports Can Heinz Bet Be Used?
Heinz bets work best in sports that have a bunch of events happening one after the other. The top choices for Heinz bets are usually in horse racing.
But you can also give it a shot in sports like tennis, rugby sevens, basketball, and football, where there are lots of events happening close to each other.
Even in the world of eSports, where they play a bunch of matches one after another in tournaments, Heinz bets can come into play.
Other Types of System Bets
Apart from the Heinz Bet, there are more system bets that you can use in your betting journey.
You can explore the following as per your needs:
- Trixie Bet: Pick three things you want to bet on, like teams or players. A Trixie bet then creates four smaller bets – three doubles (pairing up two picks at a time) and one treble (all three picks together). Even if one of your picks is off, you can still win something.
- Yankee Bet: This one involves choosing four picks. A Yankee bet creates 11 bets in total – six doubles, four trebles, and one four-fold accumulator (all four picks together). You have more chances to win because it covers different combinations.
- Super Heinz Bet: A bit bigger than the Heinz, this one needs seven picks. It results in 120 bets, covering doubles, trebles, four-folds, five-folds, six-folds, and a seven-fold accumulator. It covers a lot, giving you even more ways to win, but it can cost more too.
- Goliath Bet: The Goliath is even bigger, with eight picks. It makes a whopping 247 bets, including doubles, trebles, four-folds, five-folds, six-folds, seven-folds, and an eight-fold accumulator. It's like covering all your bases – a bit expensive, but lots of possibilities for winning.
