What is an Alphabet Bet?
An Alphabet Bet is a unique and complex form of betting that involves six selections combined into 26 bets.
This betting strategy is named ‘Alphabet’ because it comprises 26 bets, similar to the 26 letters in the English alphabet.
An Alphabet Bet consists of two patents (seven bets each), one yankee (11 bets), and a six-fold accumulator.
The combination includes six selections – selections 1 to 4 form a yankee, selections 2 to 5 form a second yankee, and selections 1, 2, 3, and 6 form a patent, while selections 4, 5, 6 form another patent.
How are the Winnings Calculated for an Alphabet Bet?
Calculating the winnings for an Alphabet Bet can be a bit complex due to the various combinations involved.
The total return from an Alphabet Bet is the sum of the returns from each of its constituent bets.
Let’s consider an example where you place an Alphabet Bet of £10. This implies that the total stake is £260 (£10 x 26 bets). If all your selections win, the return from each bet is calculated separately, then summed up.
If the odds for your six selections are 2/1, 3/1, 4/1, 5/1, 6/1, and 7/1 respectively, the return from the first patent would be £1,120, the second patent would yield £2,420, the first yankee would generate £7,720 and the second yankee would give £15,520.
Adding these up, your total return would be £26,780. After deducting your original stake of £260, your profit would be £26,520.
Remember, the outcome can vary based on the odds of the selections and the number of winning selections.
The more selections you win, the higher your returns will be. It’s also important to note that Alphabet Bets are more suited for experienced bettors due to their complexity.
