Lucky 31 Bet 2020
Similar to other system bet whose examples include Yankee bet, patent bet, treble bet, Trixie bet, to name but few, a lucky 31 bet is a five-selection bet that consists of 31 bets, just as the name clearly states. These 31 bets are made up of five single bets, ten double bets, ten treble bet, five Four-Folds, and one Five-Fold accumulator bet.
Important Facts to know Lucky 31 bet
- Lucky 31 bet is a popular way to bet in horse racing sport and other sports.
- A lucky 31 bet consists of 31 bets made from five selections.
- Punters making a lucky 31 bet don’t need all five selections to win.
- A $1 win-only lucky 31 bet would cost $31 for the 31 bets
Lucky 31 Bet Explained
Let’s have Lucky 31 explained for our readers to have a grasp on this popular bet type. When punters place a lucky 31 bet, they are essentially making a bet in 31 different places on their five separate selections. Among these 31 bets, each of the five selections made by punters get to stand alone as Single bets; these five selections are grouped in twos to form double bets in ten places such that no repetition occurs; ten treble bets are further made from the five selections; five four-fold accumulator bets; and one five-fold accumulator bet that list out all the five selection on the bet slip. That’s a long string of words. In a much clearer terms, placing a lucky 31 bet implies that you are placing:
- Five Single bets;
- Ten Double bets;
- Ten Treble bets;
- Five Four-Fold accumulator bets; and
- One Five-Fold accumulator bet.
Explained Lucky 31 Bet Scenario
Let’s repeat all that in a pictorial format that will be easily to digest. Let’s assume the five selections upon which your lucky 31 bets will be based are Events 1, 2, 3, 4, and 5. The table below shows the composition of your lucky 31 bet:
|Part||Selection Permutations (1-5)||Number of Bets|
|Single||1, 2, 3, 4, 5||5|
|Double||12, 13, 14, 15, 23, 24, 25, 34, 35, 45||10|
|Treble||123, 124, 125, 134, 135, 145, 234, 235, 245, 345||10|
|Four-Fold||1234, 1235, 1245, 1345, 2345||5|
|Total Number of Bets||31|
From the above, you can see from the composition of a lucky 31 bet that all the 31 bets (5 singles, 10 doubles, 10 trebles, 5 four-fold’s, and 1 five-fold) are all squeezed out from the five selections that punters make. It is important for punters to know that the order in which these bets that make up a lucky 31 bet appear on the bet slip is not really important. The simple reason for this is that each of the five selections appears in the same amount of times across these 31 bets that are in a lucky 31 bet. The fact that a lucky 31 bet is made up of many bets (31 to be exactly) actually comes with one good advantage. With as many as 31 bets making up one lucky 31 bet and each of the five selections being catered for each with one Single bet, one or more selections winning guarantee punters placing lucky 31 bet of a return. For the sake of simplicity, we will not proof that point. The calculations will more than enough to make the whole thing boring. Just try and use the lucky 31 calculator. This makes life simpler for all of us. Feel free to try out different odds, stakes, and outcomes and know exactly what you are getting into and what you should be expecting in return. In essence, while one selection winning out of the five selection guarantees a return, such return made from just one selection winning may not necessarily covers for the original stake.
Among the qualities that have contributed to the popularity of Lucky 31 bet are the many parts (bets) that the bet contains as well as bonuses offered by wide variety of bookmakers that offer lucky 31 bet. In most cases, bookmakers do offer bonuses to some specific kind of results that are associated with lucky 31 bet. The special cases include “all winners”, “one loser”, and “one winner”. These bonuses are often not available whenever punters make their lucky 31 each way.
Lucky 31 bet in Horse Racing
Lucky 31 bet is a very commonly used bet in horse racing. Let us assume that you place a $1 lucky 31 bet, costing a total of $31, on five selected horses. Let’s make it simple; say the five selected horses are Horses A, B, C, D, and E. The selected horses are priced as follows:
- Horse A is priced at 2/1;
- Horse B is priced at 3/1;
- Horse C is priced at 4/1;
- Horse D is priced at 5/4; and
- Horse E is priced at 7/4
From our previous explanation, placing this $1 lucky 31 bet implies that you are placing 31 bets in total (at $1 each): 5 singles, 10 doubles, 10 trebles, 5 four-fold, and one five-fold. If only Horses B, C, and E were successful, this means that three single bets come through for you; as well as the doubles and treble that contain Horse B, C, and E. your total winnings from this lucky 31 bet are as follows (All winnings are presented with original stake included):
- Single bet on Horse B: $4
- Single bet on Horse C: $5
- Single bet on Horse E: $2.75
- Double bet on Horses B & C: $20
- Double bet on Horses B & E: $11
- Double bet on Horses C & E: $13.75
- Treble bet on Horses B, C, & E: $55
Given the above statistics, the total winning is $111.50. It is important to explain why the word ‘lucky’ feature in the name of the bet we are discussing. In many cases, most bookmakers will pay out as much as treble odds for one winner in your lucky 31 bet. This is one of the reasons why you should check out our Sports Betting Comparison Page to see a compilation of bookmakers included in this ‘most’ category.
Lucky 31 football bet
Given the greater number of bets that one lucky 31 bet comprised, illustrating lucky 31 bet using a vivid Soccer example will be too cumbersome for our readers to understand. Many will get lost in the repetition of the clubs’ names over and over again. Basically, conditions for placing a lucky 31 football bet is not different from how it is placed in horse racing.
Lucky 31 Each Way
Understanding how an Each Way bet works in very important to understanding a lucky 31 each way. We have already explained how an Each Way bet works in one of articles. Try and read about Each Way bet. A lucky 31 each way bet is just very a simple application of an each way betting system to lucky 31 betting system. Thus, when you are placing a lucky 31 each way, you are essentially placing 31 bets multiplied by two, making a total of 62 bets. In this case, the first 31 bets are for the ‘win’ part of an each way bet while the second 31 bets are for the ‘place’ part of the lucky 31 each way bet. Simply put, 31 of the bets are to win while the 31 extra bets in an each way for the selections to place.
Which Bookmakers Offer the Best Lucky 31 bet?
As mentioned earlier, one benefit that accrues to punters making a lucky 31 bet is that their chance of making a return is greatly increases. Comparing lucky 31 bet to accumulator bet, it offers punters better stance. With accumulators, you lose the whole bet when one selection loses. With lucky 31 bet, one selection winning guarantees return. The higher the numbers of selections that win, the higher the return on your stake. In a lucky 31 bet, the saying holds true that “the higher the stake, the higher the reward bet”.
Recall we mentioned that most bookmakers will pay out as much as treble odds for one winner in a lucky 31 bet, the work then remains doing some quality research to find bookmakers with these offering. We have done the bulk of the work for you as you will notice on our sports betting comparison page. We have compiled a comprehensive list of bookies you can consider for your next lucky 31 bet if you are type concerned about quality betting experience. Head over to our sports betting comparison page now and be a beneficiary of this great offering.
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