What is a Goliath Bet?
A Goliath bet is a popular betting strategy utilized by experienced gamblers in the world of sports betting. This complex betting system involves eight selections covered by 247 bets. These bets consist of 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds, and a single eight-fold accumulator.
The primary advantage of a Goliath bet is that it gives the bettor a higher chance of a return, as you only need two of the eight selections to be successful to get a return.
Due to the high number of bets involved, the stake can be considerably high.
How are the winnings calculated for a Goliath Bet?
Calculating the winnings for a Goliath bet is not as complex as it may seem initially.
Your total return from a Goliath bet is calculated based on the individual odds of each selection and the number of successful selections you have.
For instance, let’s consider a Goliath bet with a stake of £10. If you have two successful selections with odds of 2/1, your total return would be calculated as follows:
Firstly, the return from each successful double bet (2/1 odds) would be £30 (£10 stake * 2 + £10 stake). Since there are 28 double bets in a Goliath bet, if two selections win, you would have one successful double bet.
Therefore, your total return would be £30.
If more selections win, the total return would be higher as more of your bets (trebles, four-folds, etc.) would be successful.
The stake for a Goliath bet can be quite high due to the large number of bets involved. In this example, the total stake would be £2470 (£10 * 247 bets), so you would need a substantial return to make a profit.
In conclusion, a Goliath bet can be a profitable betting strategy if you have a high success rate with your selections.
