What is a Lucky 63 Bet?
A Lucky 63 Bet is a popular form of betting, especially in horse racing. It’s a wager that involves six selections, combined into 63 different bets – hence the name. These bets are comprised of 6 singles, 15 doubles, 20 trebles, 15 four-folds, 6 five-folds, and 1 six-fold.
The beauty of a Lucky 63 bet is that it offers the punter a higher chance of a return, as you only need one of the selections to be successful in order to get a return.
How are the Winnings Calculated for a Lucky 63 Bet?
Calculating the winnings for a Lucky 63 bet can seem complex, but it’s actually quite straightforward once you understand the process. Let’s consider an example where you place a Lucky 63 bet with £10.
This means that each of the 63 bets within the Lucky 63 will have a stake of £10, making the total stake £630.
Now, let’s say that 3 of your 6 selections win. If these 3 selections had odds of 3/1, 4/1, and 5/1 respectively, you would calculate the return for each of the winning bets individually and then add them together.
For the singles, it would be £10 (stake) x 3 (odds), £10 x 4, and £10 x 5, which gives you £120. For the doubles, it would be £10 x [(3+1) x (4+1)] and £10 x [(3+1) x (5+1)], and so on.
The total return is then calculated by adding the return from the singles, doubles, and trebles.
While the initial outlay for a Lucky 63 can seem high, the potential returns can be substantial if several of your selections are successful.
