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Lucky 15 Bet Calculator

February 1, 2021, 10:28
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Lucky 15 Bet Calculator

A Lucky 15 bet is one where you place 15 bets on four selections. They differ from accumulator bets in that even if one of the selections fail to win, the punter still gets a return on his stake. The game-changer is that it presents an even greater probability of a return irrespective of the outcome.

However, it does this at a higher cost per unit stake (15 times a single bet cost). The Lucky 15 bets are used mostly for horse and greyhound races, but they can also be applied to other sports, such as soccer. Moreover, they tend to be quite popular as some bookmakers attach bonuses to them, making them all the more irresistible. Lucky 15 bets consist of:

  • Four (4) single bets;
  • Six (6) double bets;
  • Four (4) triple bets;
  • One (1) fourfold accumulator bet.

This table illustrates a typical example of how the selections and bets are arranged. Let’s assume there are racehorses named Monahan boy, Rapid-fire, Bullseye and Red lightning.

Monahan boy (7/1) Rapid-fire (5/1) Bullseye (4/1) Red lightning (9/1)
 

Single Bets

Bet 1           ✓
Bet 2           ✓
Bet 3           ✓
Bet 4           ✓
 

Double Bets

Bet 5           ✓           ✓
Bet 6           ✓           ✓
Bet 7           ✓           ✓
Bet 8           ✓           ✓
Bet 9           ✓           ✓
Bet 10           ✓           ✓
 

Triple Bets

Bet 11           ✓           ✓           ✓
Bet 12           ✓           ✓           ✓
Bet 13           ✓           ✓           ✓
Bet 14           ✓           ✓           ✓
Fourfold bet Bet 15           ✓           ✓           ✓           ✓

As nice as these bets sound, understanding and calculating your bet winnings with them isn’t straightforward, but we help break it down here so you too can join the party!

How to Calculate a Lucky 15 Bet

  1. After making your four selections, which may be from different races or games, take note of the odds attached to each selection.
  2. After the race or game, take the winning selection and add 2 to the odds. For instance, if you bet on Monahan boy, which has odds of 7/1, and it ends up winning the stake: 7 + 2 = 9.
  3. If there is more than one winning selection, for example, if Rapid-fire with odds of 5/1 also wins the stake, you multiply their odds i.e. Monahan boy(7+2=9) X Rapid fire(5+2=7) = 9 X 7 = 63
  4. Take away one point from the total number of points i.e. 63 – 1 = 62
  5. Multiply your stake by the number of points you have from no. 4 above. This is wha you take home. For instance, if you placed a Lucky 15 bet with an INR 10 unit stake on the selections in our example, you’ll be paying 10 X 15 = INR 150 as the total stake because you’re essentially placing 15 bets.

Monahan Boy and Rapid-fire win, so according to our example above, you multiply the unit bet by our final point calculated (62): 10 X 62 = INR 620. So, a punter, having two out of his four selections, makes a net profit of 620 – 150 = INR 470.

If only Monahan Boy wins, then applying steps 2 – 4, we arrive at 8 points by which we multiply the individual unit (INR 10). We then get a total take-home of 10 x 8 = INR 80, this is a net loss of INR 70, but at least there is some return on your stake even after losing three (3) other predictions. One would say, this is far better than an accumulator bet.

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