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Heinz Bet Simply Explained

January 12, 2021, 13:32
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Heinz Bet Simply Explained

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Have you ever wondered, “What is a Heinz bet? How does a Heinz bet work?” In this article, you will find the Heinz bet explained in a clear manner, covering Heinz betting in football and Heinz bets in horse racing. We also show you some Heinz bet examples and teach you how to win a Heinz bet.

What Is a Heinz Bet?

For an answer to the question, “what is a Heinz bet?” consider a combination of 57 bets consisting of six selections. These include 15 doubles, 20 trebles, 15 fourfold accumulators, 5 fivefold accumulators and one sixfold accumulator. The Heinz bet derived its name from Heinz baked beans which come in 57 varieties. Experienced gamblers resort to a Heinz 57 bet when they want to reduce the risk element while betting on six selections. Also known as a full cover bet, a Heinz bet is especially popular among those who bet on football and horse racing.

How Does a Heinz Bet Work?

In a Heinz bet, you must choose six selections to bet on in six separate events. Let’s call them A, B, C, D, E and F. Then the Heinz bet will include 57 bets as illustrated in the chart below:

Components of Heinz Bet Number of bets Possible combinations
15 Doubles 15 AB, AC, AD, AE, AF

BC, BD, BE, BF, CD

CE, CF, DE, DF, EF

20 Trebles 20 ABC, ABD, ABE, ABF, ACD

ACE, ACF, ADE, ADF, AEF

BCD, BCE, BCF, BDE, BDF

BEF, CDE, CDF, CEF, DEF

15 Fourfold accumulators 15 ABCD, ABCE, ABCF, ABDE, ABDF

ABEF, ACDE, ACDF, ACEF, ADEF

BCDE, BCDF, BCEF, BDEF, CDEF

5 Fivefold accumulators 6 ABCDE, ABCDF, ABCEF, ABDEF, ACDEF, BCDEF
1 Sixfold accumulator 1 ABCDEF
Total 57

The odds on each combination are worked out separately. In order to yield a return, at least two selections must win. But to make a profit, at least three of the six selections must win their events. For instance, if selections A and B won their events but selections C, D, E and F lost theirs, then you would get a return from only one double, namely AB. Assuming that you made a minimum bet of ₹10 on each bet, your stake would be ₹570 (10 x 57). But the return on the double AB would not be enough to cover the stake as you would not get sufficiently high odds on a probable winner. However, if three selections won their events, you might be able to recover your stake and even more provided the odds on each selection were sufficiently high — see the example later in this article.

Heinz Betting in Football

Always keep in mind the two factors to consider when you make a Heinz bet in football. You need to look at selections that have a reasonable probability of winning as well as high odds offered on the event. Football satisfies both conditions. Firstly, in football, we consider a match between only two sides. Even though a team may be weaker on paper, other factors such as a home venue can affect the result. For instance, in the English Premier League match between Liverpool and Southampton on 4 January 2021, Liverpool were favourites to win. Yet the result went 1-0 in favour of Southampton. One reason for the upset was the support Southampton received from their home fans at St Mary’s Stadium in Southampton. So, had you picked Southampton to win, you would have received high odds. Therefore, a good knowledge of the game will help you sniff the possibility of upsets. As a result of the high odds offered, you could end up making a profit on a Heinz bet in football even if only two of your selections won.

Heinz Bets in Horse Racing

Heinz betting in horse racing is quite popular. However, when compared to football, it is harder to predict a winner of an event as you would have to choose one of several horses. On the flip side, given the difficulty in making a correct prediction, the average odds offered are likely to be relatively high. Experienced punters who have good knowledge of horse racing will consider various factors such as form, weight, class, distance, jockey, trainer, etc., before making a selection in an event. The higher the odds offered on a probable winner, the greater the chance of recouping your stake with just two of your selections winning their events.

Heinz Bet Examples

Assume that each of the six selections A, B, C, D, E and F, as shown in the chart above attracted odds of 3/1. 

Example 1

If two selections, say A and B, won their respective events, you would get a return on the double AB. A 10 bet on selection A would yield a return of ₹40. The whole yield would be bet on selection B to yield a return of ₹160. As you can see, this return would not be enough to cover your original stake of ₹570 and you would end up losing ₹390 (570 minus 160).

Example 2

If three selections, say A, B and C, won their events, you would get a return on the treble ABC. As you have staked ₹10 on the treble, we can calculate the returns as follows. When selection A wins its event, you would earn a yield of ₹40 on odds of 3/1. The whole yield of ₹40 would be staked on selection B to earn a yield of ₹160 when selection B won its event. The stake of ₹160 on selection C would in its turn earn a yield of ₹640. Deducting the original investment of ₹570 from this yield, you would have earned a profit of ₹70 (640 minus 570). Thus, you would be able to earn enough to recover your stake and get some extra.

How to Win a Heinz Bet?

To win a Heinz bet, you must do your arithmetic before you decide to back a selection. The basic principles of a Heinz bet are that your selections should be probable winners and must yet afford you high returns in terms of odds quoted. As we have seen in the examples above, a stake of ₹10 on each bet would involve a minimum stake of ₹570 that you would hope to recover before you can make a profit. You must ensure that the odds offered on each selection are sufficiently high to allow you to recover your stake if three of your six selections won their respective events. You will see that quoted odds below 3/1 on any winning selection could make it hard for you to recover your stake of ₹570 unless you are compensated via extremely high odds on the other winning selections.

Consider in the above example that odds of 3/1 are quoted on winning selections A and B. However, the winning selection C attracts odds of 2/1. Then your yield on ₹10 wagered on selection A would be ₹40 which would yield ₹160 when selection B won. But your ₹160 bet on selection C would yield only ₹480 which would be well short of ₹570 needed to cover your original stake.

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