What is a Heinz Bet?
A Heinz Bet is a popular betting strategy that originates from the world of horse racing but is now widely used in various sports betting scenarios.
Named after the famous 57 varieties slogan of the Heinz company, a Heinz Bet consists of 57 bets on six different selections.
These bets are made up of 15 doubles, 20 trebles, 15 four-fold accumulators, 6 five-fold accumulators, and 1 six-fold accumulator.
This type of bet is considered a full cover bet as it covers all possible combinations of bets for the selected events.
It’s important to note that a Heinz Bet does not include single bets, which means at least two of your selections must win for you to get a return.
How are the Winnings Calculated for a Heinz Bet?
Calculating the winnings for a Heinz Bet can seem complex due to the number of different bet combinations involved.
The principle is straightforward. Each of the 57 bets within a Heinz is a separate entity, so each one has the potential to generate a return.
To illustrate, let’s consider an example with a stake of £10.
If you place a Heinz Bet with £10, your total outlay would be £570 (since there are 57 bets).
Now, let’s suppose that all six of your selections win and each had odds of 3/1. Each of your 57 bets would win, and the returns for each bet would be calculated by multiplying the stake by the odds.
For instance, one of your 15 doubles would be calculated as: £10 (stake) x 3 (odds for the first selection) = £30, then £30 x 3 (odds for the second selection) = £90. This process is repeated for each of your 57 bets, with the returns from each added together to give your total return.
The more of your selections that win, the higher your total return will be.
