What Is a Lucky 15 Bet and How Does It work?
A Lucky 15 bet is one of the easiest multiple bets to place for beginners. However, if you’ve never bet before on a Lucky 15, placing your first wager can be a little perplexing and daunting.
That’s why we’ve put together an easy-to-follow reference to everything you need to know about Lucky 15 bets, including an explanation of the Lucky 15 each-way bet.
What is a Lucky 15 Bet?
‘What is a Lucky 15?’ is a common question inexperienced horse racing punters ask all the time, and it’s understandable. It’s important learning everything there is to know about the market before you get involved. This is a Full Coverage bet since it covers all potential combinations of several bets from four selections. There are other forms of Full Cover bets, each with its name, but the Lucky 15 choice is most prominent, especially in horse racing. Full Cover Bets are divided into two categories: those that do not include singles and those that do. Four single bets are included in a Lucky 15.
So, with a Lucky 15, what exactly are you betting on? Well, a Lucky 15 bet is made up of fifteen individual wagers, hence the name! You have 4 Single Bets because this is made up of four unique selections. Additionally, you can make 6 Double Bets using those four picks. Finally, there’s a set of multiple Treble Bets and one Fourfold Accumulator for a maximum of fifteen bets.
With a Lucky 15, you’re casting a wide net for just four picks, and the return is substantial if all four of your selections win. However, the appeal of the Lucky 15 Full Coverage bet is that you can always make a decent return even if not all of your picks win, thanks to the numerous alternatives’ coverage. If a Lucky 15 wager entices you, keep in mind that you will be placing a stake that is 15 times your unit stake because you are placing fifteen distinct bets.
Lucky 15 Example
However, the potential payoff is enormous. For example, if you wager£1 a unit, your actual stake will be £15, one pound for each of the fifteen bets involved. Let’s imagine you make four 4/1 picks, and they all win following just a £1 Lucky 15 bet. With a 10% win bonus, the profit return on the £15 stake is £1,409.50, which is a very significant percentage return for such a modest stake.
If this hypothetical scenario came true, you would not only win fifteen 4/1 bets at a wager of £1 each. To emphasize the profit margin even further, in this example, the Fourfold Accumulator would pay out nearly £600 income for four successful picks on a £1 wager.
A multiple bet is appealing because they allow you to aim for a significant payoff with a small investment. It only takes four winning selections to win a large sum of money. Because a Yankee bet is all the multiple combinations from four picks, but without the singles, a Lucky 15 is the big brother of a Yankee bet. Look for win % incentives with bookies, as these are relatively frequent.
A Consolation bet, in which you may be paid out Double odds if just one of your four picks in a Lucky 15 comes up, can often make a Full Coverage bet even more appealing, giving you a little extra security against the value of your original wager. As a result, a Lucky 15 bet can be advantageous, and it is worth researching your betting strategy.
How to Complete a Betting Slip for the Lucky 15
It’s effortless to place a Lucky 15 wager, especially if you do it online betting. To place a Lucky 15 wager, follow these steps:
1. Make four bets in your preferred betting markets.
2. These will show on your betting slip instantly.
3. After you’ve put all four bets, scroll down the slip until you see an option to place several bets, including a Lucky 15.
4. Select this option.
5. Decide how much you wish to bet on the Lucky 15.
And that’s all there is to it.
Step-by-Step Instructions to Using the Lucky 15 Bet Calculator
Let us utilize this Lucky 15 bet calculator to calculate a bet’s winnings. We won’t be betting both ways, but you can include that in your calculations if necessary.
- Select the odds format you want to use.
- Choose the results of the four races, as well as your horse’s odds.
- Check to see if there are any bookmaker bonuses associated with this wager.
- Choose whether you want to bet each bet or all at once and how much you want to bet.
- Your total investment, return, and profit will be computed automatically.
How Does a Lucky 15 Work Each Way?
It’s also nice to know that you can complete your Lucky 15 in both directions. If a pick (for example, in horse racing) finishes in one of the placed spots, you will win a fraction of your original odds back (usually second or third). So, how does a Lucky 15 work in both directions? Here’s an illustration.
You make your four picks for the regular Lucky 15, and then you can check any of your selections each way on your betting slip. Before you proceed, keep in mind that most bookies will not pay any incentives (such as one winner consolation) on an each-way Lucky 15 bet.
Note that a Lucky 15 is made up of 15 different bets, so if your unit investment is £1, you’ll need to spend a total of £15 for the Lucky 15. If you supported all four of your selections each way, you’d be making 30 bets because the each-way element of a bet adds a bet to each of your initial bets. So you’ve staked £30 on four selections at odds of 3/1, 5/1, 7/1, and 4/1. If all four picks were to win, a profit of slightly over £2,1000 would be made.
If your 7/1 shot is just placed, you will only receive 1/5th of the 7/1 odds, bringing your total profit to £252. If only your shortest-priced option at 3/1 won and the other three placed, you’d make a £50 profit, which is still good because if your three other selections had lost instead of placing, you’d only gain roughly £8, meaning you’d lose £22 on your £30 wager. However, based on your £30 stake liability, you’re still in the black.
As you can see, you have some coverage on your picks as far as single bets go, so you can at least earn a little something back if your selection does not win but does well enough to place. Just keep in mind that you’ll need to bet more to gain this level of protection, and you’ll be doubling your Lucky 15 stake for each option.
We hope this article has helped you understand the Lucky 15 bet works. If you’re looking for an exciting and potentially profitable way to gamble, this wager combines multiple bets into one and can offer some pretty favourable odds if you play it smart.