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What is a Heinz bet?

telegraph.co.uk - What is a Heinz bet and how does it work? - The Telegraph

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A Heinz bet consists of 57 bets of equal value on selections in six separate events: 15 doubles, 10 trebles, 15 four-folds, six five-folds and one five-fold accumulator. We explain how a Canadian works as well as the benefits and drawbacks of this type of bet In a Heinz bet at least two selections must be successful to get a return. The trebles, four-folds, five-folds and six-fold mean that if you get more than two winners your returns begin to jump in big increments as more of the multiple bets win. It’s most often used in horse racing betting.

How does a Heinz bet work?

The 57 bets in a Heinz can be visualised as follows:

Why should I place a Heinz bet?

If you have six selections in different events that you think will win, a Heinz is an alternative to an accumulator that offers you some return even if only two picks win. However, it’s likely you will need more than two winners to begin making a profit. The more winners you have among your six selections, the more of the doubles, trebles, four-folds and five-folds become winning bets, increasing your payout in big jumps. Placing a Heinz is far more convenient than making all the bets involved yourself one-by-one.

Drawbacks of a Heinz

There are a couple of potential drawbacks to a Heinz bet, the first of which is the lack of flexibility with regard to staking. You have to stake the same amount on all 57 bets, rather than being able to choose to stake more on your doubles and less on your six-fold for example. The second is the sheer number of bets involved. With 57 combinations, most punters will want to keep their overall stake to the amount they feel is reasonable. However, that means the stake on some of the smaller multiples in the bet isn’t enough to yield a satisfactory return.

How to calculate Heinz bet winnings

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The easiest way of working what you have or haven’t won is to use our Heinz bet calculator, but you can work it out yourself as follows: If you’re using fractional odds convert them into decimal odds by dividing the top number by the bottom and then adding one. (For example, 2/1 becomes 3.0 and 9/4 becomes 3.25.) For your doubles, trebles, four-folds, five-fold and six-fold multiply the decimal odds for the relevant selections together and then multiply the result by your unit stake.

How does an each-way Heinz work?

An each-way Heinz is a type of Heinz in which all 57 bets are each-way. This means the total stake for an each-way Heinz will be double that of a standard Heinz. The idea of opting for an each-way Heinz is that you will get a return not only for every horse that wins but every horse that places as well. Most bookmakers will pay around 1/5 of the win odds for the place part of each-way bets. As a result it makes sense to include mainly selections for which the each-way place payout is more than your original stake.

What’s the difference between a Heinz and a Lucky 63?

The difference is that at Lucky 63 also includes single bets on each of the six selections, meaning the total number of bets placed jumps from 57 to 63.

Find out more about horse racing betting

Visit our horse racing betting section for more straightforward guides to betting on racing including:

Looking for expert racing tips and football predictions?

Telegraph Betting posts free horse racing tips every day, as well as regular football betting tips.

telegraph.co.uk - What is a Heinz bet and how does it work? - The Telegraph

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