In terms of betting, there are a variety of different bet types you can put on to increase your chances of winning and give an added edge to your bets. This article will look at what is a Lucky 31 bet and how a Lucky 31 works.
What Is A Lucky 31 Bet?
A Lucky 31 bet is 31 separate bets across 5 different selections. All bets must be of equal value, and the bet will consist of;
- 5 single bets
- 10 doubles
- 10 trebles
- 5 four-fold accumulators
- 1 five-fold accumulator
For example, placing a £1 win-only bet on all 31 bets would cost you £31; however, as the bet contains single bets, you only need the one bet to come in to win, unlike the Canadian, which doesn’t have single bets.
How much you can win from a Lucky 31 bet depends on the money you placed on the bet, the election you succeed on and the odds of your winning selection. This means you can win varying amounts. You will unlikely see great bet returns if just one or two selections come through. For a lucrative Lucky 31 bet, you need a wager that is likely to have many wins to get your money back at least. Put it this way; if you make a bet on a horse race with even odds, at £1 per bet (total of £31), you would need 4 selection wins to make a profit. A 1 selection win would only get you a £ 3 return.
How Does A Lucky 31 Work?
A Lucky 31 bet works by allowing you to increase your chances of winning if you are confident you have selections that will win and can let you win more than a traditional accumulator.
A Lucky 31 works like this;
- 5 Singles – 1, 2, 3, 4, 5
- 10 Doubles – 1+2, 1+3, 1+4, 1+5, 2+3, 2+4, 2+5, 3+4, 3+5, 4+5
- 10 Trebles – 1+2+3, 1+2+4, 1+2+5, 1+3+4, 1+3+5, 1+4+5, 2+3+4, 2+3+5, 2+4+5, 3+4+5
- 5 Four-Folds – 1+2+3+4, 1+2+3+5, 1+2+4+5, 1+3+4+5, 2+3+4+5
- 1 Five-Fold – 1+2+3+4+5
How does an each-way Lucky 31 work?
An each-way Lucky 31 bet works the same way as a won-only one; expect the bet to be doubled to 62 chances, and you will win if your place places in the each-way option, e.g. in a horse race, each way can pay out if your selection finishes in the specified places which can be first up to the fifth place. A Grand National 31 may even pay up to 7 places depending on the bookies you place the bet with, and the odds played.
How to work out Lucky 31 bet winnings?
Working out a Lucky 31 bet can be tricky, and many punters tend to use a Lucky 31 bet calculator. As you can place bets with different odds and in different markets such as sports betting, horse betting and more, how much you win will depend on the bets placed and the odds.
As a guide, you can work out your Lucky 31 winnings using the following method;
- Single bet: odds x stake = return (inc stake)
- Double bet: selection 1 odds x selection 2 odds = return (inc stake)
- Treble bet: 1 x 2 x 3 = return (inc stake)
- Four-fold: 1 x 2 x 3 x 4 odds = return (inc stake)
- Five-fold: 1x 2x 3 x 4 x 5 odds = return (inc stake)
A Lucky 31 bet can offer your different odds on a wide variety of markets to help you maximise your bet and offer you a greater return on a series of bets instead of placing them all separately. A Lucky 31 bet isn’t suitable for all bets and markets; however, despite the rules regarding wager amounts, it is still a popular choice for punters.
What is the difference between a Lucky 31 and a Canadian?
The main difference is that a Lucky 31 covers singles, whereas a Canadian doesn’t.
Does a Lucky 31 have any drawbacks?
The only drawback of placing a Lucky 31 bet is that all 31 bests have to have the same stake.
How do you calculate a Lucky 31 Bet?
A Lucky 31 bet is calculated on the winners in your bets, and the odds placed. Most bookmakers, whether playing online or in person, will estimate your winnings upon placing the bet; however, as only one bet needs to come in, winnings can vary.
How to Place a Lucky 31 Bet?
When looking at what is a Lucky 31 bet and placing your bet, you need to make 31 different bets in 5 selections. The bets don’t have to be on the same market but they do need to be of the same value.