In the olden days, betting on sports just involved predicting the outcome of a game, i.e. which team will win. But with time, bookmakers came up with more and more innovations and variations, making betting even more exciting. These variations give more flexibility to the punters, and at times are highly rewarding if you get them right. Here, let’s try and understand what is a Lucky 15 bet?
What is a Lucky 15 bet?
Lucky 15 bets were traditionally placed on horse races, but nowadays they are popular in games like football. It is a type of multiple bet, where the punter 15 individual bets across 4 different selections. The 15 individual bets consist of
- 4 single bets
- 6 double bets
- 4 trebles
- 1 4 fold accumulator bet
Lucky 15, though appears similar to an accumulator bet, is slightly different. In order to win a payout in traditional accumulator bets, you need to get all your predictions right, while in the case of Lucky 15, even a single winning bet triggers a payout.
The bet is named `Lucky´ because these types of bets are usually associated with a bonus, which can be a free bet for getting all your bets right or a losing bonus. One of the major advantages of a Lucky 15 bet is that it is a full coverage bet, and diversifies your chances of a loss. Even a single win will partly recover your initial stake.
On the other hand, one major disadvantage of Lucky 15 bets is that they can be quite expensive to place. If you are looking to bet $1, your initial stake will be $15, as your $1 is bet on 15 different bets.
Variation of Lucky 15 bets
What is a Lucky 15 bet? One popular variation of Lucky 15 bets is each-way Lucky 15. When you are unsure of your selections, you can place an each-way bet, so that you can recover a part of your stake even if your selection does not win. However, your initial stake is double the amount compared to a normal Lucky 15.