Have you ever wondered what a Goliath bet is? If the answer's yes, then we've got some good news for you. Below, we've compiled a one-stop guide consisting of everything you need to know before placing this kind of bet, including where to find a great Goliath Bet calculator!
Goliath Bet Explained
Placing a bet named after the Biblical giant is one of the most expansive wagers any punter can make. Because of this, doing so for the first time can be somewhat intimidating. In reality, though, this type of bet is far less scary than you might think.
What Is a Goliath Bet?
This bet consists of eight different selections, all on different events. These selections are then used to create the following bets:
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56 trebles
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70 four-folds
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56 five-folds
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28 six-folds
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8 seven-folds
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1 eight-fold
In total, this bet is made up of 247 separate wagers, which cover each eventuality of two or more of your eight selections coming in.
This also means that whatever you stake is multiplied by 247. For instance, if you placed a £2 Goliath bet, your total bet would be £495.
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How Do I Place a Goliath Bet?
The overwhelming majority of UK betting sites makes it extremely easy for players to place such a bet. Selections are available for a wide range of sports, but two markets in particular are the most popular.
Football
Placing a Goliath bet with the best football betting websites is a great option for punters. An opportune time to make your selections is when the Champions League Group Stages are on, as the eight games that are played each night correspond perfectly to the number of selections required for this kind of bet.
For instance, for the opening night of the 2020/21 competition, your eight selections could have been:
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Zenit to beat Club Brugge
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Juventus to beat Dynamo Kyiv
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RB Leipzig to beat Istanbul Basaksehir
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Rennes to beat Krasnodar
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Dortmund to beat Lazio
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Chelsea to beat Sevilla
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PSG to beat Manchester United
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Barcelona to beat Ferencvaros
After making these eight selections, your Goliath bet would have been made up of 247 separate wagers. The 26 double bets would then cover any combination of two of your eight teams winning. For the trebles, all combinations of three teams winning would be covered, and so on.
The only eventuality in which you would win none of your original stake back would be if less than two of your eight selections came in, as there are no singles included.
Horse Racing
If you prefer to place a Goliath bet on horse racing, things are similarly straightforward.
Instead of choosing the outcome of eight football matches, simply predict the finish to eight separate races. This works well when a festival is happening, such as Cheltenham betting sites, as you can make all your selections within a few hours of each other and minimise waiting times.
Horse racing also provides an optimal opportunity to place an each-way Goliath bet. These consist of double the amount of bets — 494 as opposed to 247 — as you're also betting on your selections placing instead of solely winning their race. Find out more by reading our each-way betting guide.
Football and horse racing aren't the only sports you can place such a bet on. Provided you can make eight separate selections, you're free to wager on anything you like!
Goliath Bet Calculator
To calculate such bets, you need to add the return of each winning treble, 4-fold, 5-fold, 6-fold, 7-fold, and 8-fold bet.
As you can imagine, manually working this out can be time-consuming and potentially replete with errors. To help our readers out, we're currently in the process of creating our own state-of-the-art calculator. Until then, however, we’d suggest using a tool such as BetVictor’s Bet Calculator, which will automatically do the math for you.
Using this bet calculator couldn't be easier! Simply input the odds of each of your selections, along with your stake, and your potential winnings will be calculated.
Is a Goliath Bet Worth It?
In most cases, this form of betting represents a significant investment compared to other bets. This begs the question: is it worth placing this kind of bet?
Advantages
One of the main pros of placing this bet is that it gives you a good chance of securing a profit, even without all eight selections coming in. The only possible scenario in which bettors don't win any of their money is if less than two of their selections come in.
Another reason that players are so drawn to placing this bet is because it has potentially some of the highest payouts possible. For example, if six of your selections win, not only will you receive money from some of your six-folds, but you'll also win multiple five-folds, four-folds, trebles, and doubles.
They're also a great way of increasing your enjoyment of a high-profile day of sport. As we mentioned above, a Goliath bet is an ideal bet to place at a horse racing festival or on a tense series of football games.
Disadvantages
Like anything else, this betting form isn't perfect. As any bet you make has to be multiplied by 247, they often come out at the more expensive end of the multibet scale.
This sort of bet is also not well-suited to less experienced players. As the stakes are high and the betting slip contains many selections, strong knowledge on your chosen sport is required in order to maximise your chances of securing a win.
Alternatives to a Goliath Bet
If placing this form of betting doesn't strike your fancy, don't worry! There are plenty of additional full cover bets that can be placed on your favourite sports.
Trixie Bet
Trixie betting is a wager on three different selections. It includes three doubles and one treble, with a minimum two selections needing to win in order to generate a return.
Patent Bet
A patent bet is similar to Trixie betting as it involves three different selections. The only difference is that it also includes singles, something that Trixie excludes.
Yankee Bet
A Yankee bet functions similarly to a Goliath bet, except it works with four selections instead of eight. It includes six doubles, four trebles, and one four-fold accumulator, making a total of 11 bets.
Final Say
Goliath bets are a great option for experienced players. Consisting of 247 separate wagers, they offer players a great chance of securing a win, and are also great fun to place during a big night of football or on a horse racing festival.
Goliath Bet FAQs
A Goliath bet consists of eight selections, which creates a betting slip of 247 different bets, consisting of 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds, and 1 eight-fold.
You can place a Goliath at pretty much all online bookies. Simply make your eight selections and the option should appear at the bottom of the betting slip.
It certainly can be. One of the main advantages of a Goliath bet is that not all of your selections need to come in for you to win.
As it’s the biggest bookmaker in the UK, it will come as no surprise that bet365 supports Goliath bets.