Heinz Bet Calculator
What Is a Heinz Bet Calculator?
A Heinz bet is a betting type commonly used in horse racing and football. It consists of as many as six selections and 57 different bets. Hence, the name Heinz bet which is derived from the famous food company Heinz which resonates with the number 57. More often than not Heinz products have 57 varieties on their packaging and that’s where the name Heinz bet came from as it is associated with 57 bets. It is also called a six-selection cover bet. This is a unique bet which combines every permutation of the six selections you have made into one single bet.
The 57 bets that a Heinz Bet consists of are expanded as follows:
- 15 doubles
- 20 trebles
- 15 fourfold accumulators
- 6 fivefold accumulators
- 1 sixfold accumulator
Thus, to work out the winnings, a Heinz bet calculator is used. The Heinz bet increases your chances of winning big and minimises your losses even if a couple of your selections go the wrong way and you lose that particular bet. The Heinz bet calculator provides you with an easy and comfortable way of calculating your potential returns based on your selections and the betting odds. It automatically calculates the values for 57 bets and combines them into proper returns.
How to Calculate a Heinz Bet?
The Heinz bet calculator needs the following values to be filled in to calculate the profits (or losses) for the Heinz bet:
- Bet Type
- Odds Format (Decimals or Fractions or American)
- Rule 4 (Yes or No)
- Dead Heat (Yes or No)
- Each selection, its outcome and the odds.
Let’s take an example to understand what profit one might earn with the number of selections if placing a Heinz bet. For instance, you place Rs 1 on a Heinz bet which makes your total investment Rs 57. Now, each team, player or horse is placed at Rs 4.00. The following table presents a detailed picture of what the returns will be and the potential profit you will be able to make for each number of selections that turn out as a win.
| Number of selections that won | Returns (in Rs) | Profit (in Rs) |
| 0 | 0 | -57 |
| 1 | 0 | -57 |
| 2 | 16 | -41 |
| 3 | 112 | 55 |
| 4 | 608 | 551 |
| 5 | 3104 | 3047 |
| 6 | 15600 | 15543 |
Hence, it is clear that you need at least two of your selections to come out with a win for you to make some returns. However, if your investment is low, that will become a loss as shown in the table above. For a small investment, you need at least three of your selections to result in a win in order to make some profit. If you get all six selections right, then the returns and profit are just massive.
