A Lucky 15 bet could be the best option for you when you have four selections on your bet slip. Of course, there are other options available to you, such as an accumulator or a Yankee bet, so it is important to understand the pros and cons of each type of bet.
In this post, we will not only look at the Lucky 15 bet and explain it fully, but we will also explore how to work out its cost per unit stake and potential payout options. We will also compare the Lucky 15 bet to the other two main four-selection betting options across those criteria too.
Fortunately, all the top bookmakers, such as bet365 Sport, offer extensive Lucky 15 betting options across a range of sports and markets. No longer is the Lucky 15 bet the domain of horse racing punters only!
The Lucky 15 bet is a powerful option to have in your armoury if you understand it fully, the risks associated with it and the benefits it can provide. So read on to discover all you need to know about this popular full cover with singles bet!
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A Lucky 15 bet is a full cover bet (like a Yankee bet) but which also covers each of the four selections as single bets in their own right.
It is essentially a Yankee bet, with the four selections also backed as single bets too.
Let’s use a simple example to explain how the Yankee bet forms the basis for a Lucky 15 bet.
Let’s now say a punter backs four selections, A, B, C and D in a Yankee bet at a cost of £2 per unit stake.
A Yankee bet covers all possible Double, Treble and Accumulator options that can be made with the four selections. This breaks down as follows:
Six Doubles
Four Trebles
One Fourfold Accumulator
As you can see, that is a total of eleven bets in total, meaning a £2 Yankee bet would cost £22 to place.
However, to convert this into a Lucky 15 bet, all you need to do is add four further bets backing each of the selections as a single bet.
So, your Lucky 15 bet would be as follows:
Four Singles
Six Doubles
Four Trebles
One Fourfold Accumulator
A Lucky 15 bet has 15 different bets to cover (hence the name), so it would cost £2 x 15 = £30 to place a Lucky 15 bet.
So, now that we understand how a Yankee and Lucky 15 bet are related and how their wager is calculated, let’s now take a closer look at the four-selection bets you could make and how they compare.
For this example, we are going to use four selections, A, B, C and D, with stated odds of 2/1, 4/1, 6/1 and 8/1 respectively.
These figures are based on a £2 unit stake with the four selections of odds of 2/1, 4/1, 6/1 and 8/1.
With the accumulator option, the main positive for punters is the low initial cost (£2), but all four selections must win to generate any return.
For the Yankee, only two selections need to win to generate a return and the maximum win amount is nearly double that of the accumulator.
The Lucky 15 is the more expensive bet to place, but guarantees a return (but not a profit at the odds shown in the example) if just one selection wins. However, it offers a higher potential maximum win amount than either of the other two options.
It certainly can be. While it is the most expensive of the bets to place that we’ve shown above, it is the only bet that generates a return on a single winner. That means it is much more likely to offer you at least some payout more often than the other bets.
It can be a particularly effective bet when combining lower price selections, with some higher priced ‘outside’ bets in which if the lower priced bet or bets win, you get a return, but you may only need one of the higher priced bets to land to make a significant profit. This could be dramatically increased if you land three or four winners in your Lucky 15 bet selections.
It is also worth remembering you can scale down your unit stake to make the bet more cost-effective for you. If you don’t want to spend £30 on a Lucky 15 bet, then reduce the stake amount to £1 (£15) or even £0.50 (£7.50) and you can see how you can bring the total cost of the bet down to smaller amounts.
You should now have a firm grasp of the difference between three different four-selection bets. Each has their pros and cons, but having all of them in your betting armoury is a great idea for any punter!
Always remember to gamble responsibly.
Check out bet365’s Safer Gambling page for more details.
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