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What Is a Goliath Bet

Goliath bet is known for its massive scale, named after the biblical character of six cubits and a span (today's equivalent of a whopping 11.35 feet). Goliath allows a vast range of 247 bets across eight selections to be made in one wager. Intimidating as it seems at first, this multiple bet leads to potentially enormous winnings, making it worth looking into.

Given its expansive nature, Goliath performs best in the hands of experienced punters. The following guide gives valuable insight into this form of bet and helps develop the confidence to place it. So, let's dig into Goliath's "anatomy" to determine if it's the right system wager for you.

Goliath bet explained

Like other multiple bets, Goliath is suitable for horse racing, giving punters the chance to wager on various events—notes Best Betting Sites. Punters make their selections by choosing eight different races and eight different horses. A Goliath bet cannot be placed on the same event. To make several selections within the same event, it’s better to use a forecast bet instead—advises Time Form. Horse races are also prone to having markets with long odds, which is also beneficial for this form of bet. Bettors can also expect good returns in football, cricket, and greyhound racing.

So, how to approach the Goliath bet? First, punters identify the different selections to bet on (matches, meets, races, etc.). Then, they place a bet on every possible combination, except for singles. Rather than having eight permutations in one wager, they have an expansive system that covers all bases. Goliath bet is composed of eight selections:
28 doubles,
56 trebles,
70 fourfold accumulators,
56 fivefold accumulators,
28 sixfold accumulators,
eight sevenfold accumulators, and
one eightfold accumulator.

A wager covers the possibility of a certain number of outcomes succeeding with each combination. For example, 28 double bet combinations contain any possible variation of two predictions winning and the others losing. So, having at our disposal teams A-H, if A+B, B+C, D+E, or any other combination wins, then at least one double wager would receive a return. To work out your winnings, click on Bet Types and use their handy Goliath Bet Calculator. Typically for any system wager, a Goliath bet is available to play each-way. An each-way bet is a wager bookmakers offer that comprises two separate bets: a win bet and a place bet. An each-way Goliath will cost double the stake of a standard bet.

While Goliath covers these eight selections extensively, it doesn't comprise single bets. There must be at least two winnings to generate a payout. Moreover, unlike in an accumulator bet, you only need two selections to win to make a return—points out Open Odds. Yet, a successful double bet or a treble is not enough for a profit. You must be successful in five permutations on average for a decent win. The more selections win, the greater your winnings. With its 247 permutations, a Goliath bet is one of the biggest wagers in sports betting that you can make online. To go even larger, get familiar with the huge Goliath flag bet comprising a Goliath's 247 standard combo bets and 20 single stakes about bets added, making 303 bets in total. If you are looking to walk away with some serious dough, you should have a look at these two.

A unit stake for all the wagers is equal. A £1 Goliath costs £247, meaning when you wager £1 on a prediction, your total stake is £247 (£0.10 Goliath costs £24.70 to place). Your Goliath bet stake per selection is multiplied by 247 to cover every potential outcome (single bets excluded). Since numbers are ruthless, seasoned punters recommend Goliath novices start with free gambling. However, Goliath bet is less risky than traditional eight-fold accumulators—underlines Best Betting Sites.

Useful hacks

A multiple-line Goliath is best suited for experienced bettors. Within your first attempts, it's recommended not to invest too much and allow only a bare minimum of bankroll risk. Goliath's settings come with risks that bettors must understand thoroughly before putting themselves in the game. Some online bookmakers offer cash bonuses, no deposit offers, and free bets so that you can take your first steps with minimal risks.

This system works for many sports, which doesn't mean that all of them are profitable. Learning to pick the right sports bet for Goliath betting is crucial. A Goliath bet is suitable for even-money odds, where successful predictions double earnings. Also, remember that you need several selections for your bet to be correct. So, stick to the events that make you confident about the outcomes. The whole idea behind combination wagers is to boost winnings to the maximum. Use available resources such as statistics, tips, and predictions to improve your chances of picking the suitable events to place a Goliath bet.

Another way to leverage a Goliath bet is using odds comparison. You can use free tools available online. The market prices that you play with directly affect your profit margin. Try to get the most competitive odds for your selections—suggests Best Betting Sites.

Drawbacks

Naturally, it's not all roses. Goliath also has a few disadvantages.

First off, there is no flexibility around staking. Since all 247 bets have to have the same stake, staking more on stronger and less on weaker picks is out of the question.

Secondly, a large-scale volume of a Goliath bet imposes a compromise in choosing a unit stake. Punters must navigate between the stake that makes the Goliath affordable and one big enough to make the less significant multiples worth winning (such as doubles or trebles). What makes experienced punters score over beginners in that matter? It's about being proficient at choosing stakes that keep the Goliath reasonably priced but sizeable enough to make the small combinations worthwhile.

Another downside is that Goliath needs multiple winnings, and there are no single bets. If only one of their picks wins, punters lose their entire stake.