So what is a lucky 31 bet? the lucky 31 bet explained…
Are you ready to take your horse racing betting to the next level? Look no further than the Lucky 31 bet, a powerful and exciting wager that can significantly enhance your chances of winning big. In this comprehensive guide, we will dive deep into the world of the Lucky 31 bet, exploring its intricacies, benefits, and potential pitfalls.
The Lucky 31 bet is a type of multiple bet that requires you to pick five selections, with each selection competing in different races. It combines a total of 31 bets, including five singles, ten doubles, ten trebles, five four-folds, and one five-fold accumulator. With such a wide range of bets, the Lucky 31 offers you the opportunity to win substantial payouts even if not all of your selections win.
By understanding the nuances of the Lucky 31 bet and its potential payouts, you can maximize your chances of turning your horse racing knowledge into tangible profits. Join us as we explore the various strategies, tips, and tricks to make the most out of this unique and enticing betting option. Get ready to unleash the power of luck and elevate your horse racing betting game with the Lucky 31 bet.
When it comes to gambling it can sometimes be an absolute minefield when you’re trying to find the right bet for your selections, I touched on what a lucky 31 bet is in my horse racing betting guide but allow me to go into more detail.
How much is a 50p lucky 31 bet?
31 bets times 50p is the easiest way to work it out, the number of bets (31) times your stake, in this case, 50p means 31x50p which is £15.50.
In this series of guides, I aim to inform you about a number of different betting options from lucky 15 all the way up to the Goliath. So how does a lucky 31 work?
How Many Bets Are In A Lucky 31?
As the name suggests there are 31 bets in a lucky 31 and they incorporate the following bets :
- 1 five-fold accumulator
- 5 four-folds
- 10 trebles
- 10 doubles
- 5 singles
You can only place a lucky 31 on a bet with 5 selections, the five-fold accumulator is an acca and you will need all 5 selections correct for this (otherwise known as a roll-up).
Fourfolds are similar to the fivefold but this time you have 5 of them and you only need 4 right to land one but land all 5 selections and you land 5 four-folds.
Trebles you will need at least 3 right to land one treble and the more selections you land after those 3 will land you a lot more trebles with a total of 15 trebles landed if you get all 5 of your selections right.
Doubles mean if you get two right you win and for every other winner you get with those two you will land more and more doubles, get all 5 right and you will win 15 doubles.
Singles are straight wins basically and again for each one that wins you will be in for a lot more money, it’s easy to see why these two bet types are popular with horse racing (lucky 15 and lucky 31).
Advantages and disadvantages of the Lucky 31 bet
Like any betting option, the Lucky 31 bet comes with its own set of advantages and disadvantages. Understanding these can help you determine if it’s the right wager for you.
One of the main advantages of the Lucky 31 bet is the potential for significant payouts, even if not all of your selections win. With 31 bets combined, you have multiple opportunities to win, increasing your chances of walking away with a profit. Additionally, the Lucky 31 bet allows you to enjoy the excitement of multiple races, enhancing your overall horse racing betting experience.
However, it’s important to acknowledge the disadvantages of the Lucky 31 bet as well. With 31 bets, the total cost of the wager can add up quickly. If you’re not careful with your bankroll management, you may find yourself spending more than you intended. Additionally, the Lucky 31 bet requires careful selection of horses, as even one selection failing to win can significantly impact your potential payout.
Tips for selecting the right horses in a Lucky 31 bet
When it comes to selecting horses for your Lucky 31 bet, there are several strategies you can employ to increase your chances of success. Here are some tips to help you make the right choices:
1. Research and analyze: Before placing your Lucky 31 bet, take the time to research each horse’s form, previous race performances, and the jockey’s track record. Analyze the race conditions and track surfaces to identify horses that have a higher chance of performing well.
2. Consider the odds: While it’s tempting to focus solely on high odds, it’s important to consider the balance between odds and probability. Look for horses with favorable odds that also have a realistic chance of winning.
3. Diversify your selections: When choosing your five selections, consider diversifying across different types of races, distances, and track conditions. This strategy can help mitigate the risk of all your selections performing poorly in a specific race scenario.
4. Follow expert advice: Keep an eye on expert horse racing tipsters and analysts who provide insights into potential winners. While their predictions are not foolproof, they can provide valuable information to inform your decision-making process.
By following these tips, you can increase your chances of selecting the right horses for your Lucky 31 bet and improve your overall profitability.
Managing your bankroll when placing a Lucky 31 bet
Bankroll management is crucial when it comes to any form of betting, and the Lucky 31 bet is no exception. To ensure you can sustain your betting activities and minimize potential losses, consider the following strategies:
1. Set a budget: Determine how much you are willing to spend on your Lucky 31 bets and stick to it. Setting a budget helps you avoid impulsive decisions and keeps your betting activities in check.
2. Divide your bankroll: Instead of placing your entire bankroll on a single Lucky 31 bet, consider dividing it into smaller units. This approach allows you to spread your risk across multiple bets and increases your chances of generating consistent profits.
3. Use a staking plan: Implementing a staking plan can help you manage your bets more effectively. For example, you can allocate a certain percentage of your bankroll to each bet, ensuring that you are not risking too much on a single wager.
4. Avoid chasing losses: It’s common for bettors to try to recoup losses by increasing their stakes or making impulsive bets. However, this approach often leads to further losses. Instead, stick to your budget and betting strategy, and avoid chasing losses.
By implementing these bankroll management strategies, you can maintain control over your betting activities and increase your chances of long-term success with the Lucky 31 bet.
How Much Does A Lucky 31 Bet Cost?
You have to be careful with your budget when placing a lucky 31, on the bet slip there will be a box that says unit stake, you must times this by 31 for example.
31 bets at 50p per bet = £15.50 staked. If you choose to do each way on this bet type, the bets are doubled to 62 bets so the stake would also double to £31.
Lucky 31 Bonus
Many bookmakers offer a bonus when you place a Lucky 31 and that usually means if you only get one winner they will double or triple the odds on that winner.
Lucky 31 horse racing betting is very popular for this reason. If you want to know how to work out a lucky 31 bet if you win one I recommend using a betting calculator.
What Sports To Place A Lucky 31 On
As I said the most popular sport to use Lucky 15,31 and 63 bet types on is horse racing but you can also mix and match sports that you add to a Lucky 31.
Greyhounds, Tennis, Football, and Horse Racing are all sports that can be added to a lucky 31 bet and you could have for example 2 horses 1 dog, and two tennis matches included in your 5 picks.
Conclusion
Lucky 31 betting is a very good full-cover bet type for many sports they offer high payouts, a single-winner bonus, and the potential to win a lot of money for very small stakes if the odds are right and you are lucky enough.
Horse Racing is the perfect sport to use this bet on, but as there are more bets involved it’s easy to see why more prefer the Lucky 15 (only 15 bets) for 4 selections instead of 5.
I hope you found this guide about the Lucky 31 useful don’t be afraid to share it with your friends on social media, it also helps me out too.
