You can easily be forgiven if your first question is, what is a Goliath bet? A Goliath bet is very much what the name suggests. It is a huge combination of permutations combining a total of eight selections. Your stake per line is multiplied by 247 to cover all possible outcomes (excluding singles).
It is possible for you to earn big returns from small stakes, even with so many different lines on this bet. 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?
GOLIATH BETTING IN HORSE RACING
Let’s look at an example of a Goliath bet on the Cheltenham Festival. We have selected some horses from the 27-race programme at Cheltenham on which to base an ante-post Goliath bet.
This could be an ideal bet if you want to secure an interest across the entire meeting. In horse racing betting, similar sentiments could apply to other high-profile meetings where prices will be available for key races across the meeting before the action gets underway. These could include Royal Ascot, the Aintree Grand National Meeting, Glorious Goodwood or the Punchestown Festival.
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.
You might want to use Goliath betting in other sports, too. You could choose to place this bet on a combination of snooker matches, for example.
You will generally have the choice of win markets, handicap options and correct score outcomes on all major snooker tournaments.
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. As a consequence, having around 50% of the selections as winner – four to five lines – means that you are going to see a pleasing return relative to the initial stake on this bet.
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.
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.