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Goliath Bet Calculator + Guide
Welcome to Bet UK's Goliath Bet Calculator, for this, we'll be explaining the ins and outs of the Goliath bet, providing updates on how to create a Goliath bet and bet details for any bet you may create.
What is Goliath Betting?
A Goliath bet is a relatively complicated form of multiples betting. Players create a bet made with eight selections and it accumulates to 247 bets. The stake inputted will be multiplied by 247 to create your bet, so we recommend entering multiple stakes to uncover which is best suited to your bankroll.
The Goliath bet is a bet that is most popular for football and horse racing betting, this is due to the substantially high odds format of Horse Racing and the unpredictability of football. This bet covers all basis, so if only 7 of your 8 selections win, you still receive a substantial return, if 4 of your 8 selections win, you'll likely have your stake back with a little bit of profit, depending on the betting odds.
Goliath Bet Calculator
Want to know how much you can win with your Goliath bet? Try out our bet calculator below and we'll work out all of the details of your bet. Simply add your total stake and the result of each bet 'win, place, lost, void or dead heat' and you'll see your total return below.
How to use the BetUK Goliath betting calculator?
A goliath bet is one of the most complicated bet types in the world of online sports betting. This makes using a bet calculator a must for anyone who is looking to place that bet type. On this page, you'll be able to find the full functionality for the goliath betting calculator, which tells you what you'll win with just a double coming off all the way through to your eight-fold accumulator. If you're looking to place a goliath bet today, check out our step-by-step guide to using the betting calculator below.
Step 1: As the Goliath bet type is already selected, your first order of business will be determining whether or not your bet will/is an each-way bet. This will be shown on your betslip and has to be selected by the bettor. Same applies for 'Dead Heat' and 'Rule 4'. If you wish to learn more about these terms, check out our betting guides.
Step 2: Select the correct format for your odds, these will either be Decimal or Fractional, this is a step you must do before inputting any odds.
Step 3: Add your total stake into the calculator
Step 4: Input the odds from your bet slip into the calculator and view your potential winnings.
Step 5 Each odds section will have win, lost, void or placed, select the right outcome for each bet, the placed option will only appear if you have selected an each way bet. As this is a Goliath bet, some options in your bet will lose, so check out what you could still turn a profit with by selecting certain bets to lose.
How are Goliath Bets broken down?
As one of many multiple bets, the Goliath bet features 247 bets in the following format:
28 doubles
56 trebles
70 four-folds accumulators
56 five-fold accumulators
28 six-fold accumulators
8 seven-fold accumulators
1 eight-fold accumulator
Why use our Goliath bet calculator?
Goliath bets are some of the most difficult to work out in the world, your bet slip provides you with the total amount you could win. However, as soon as one bet loses, that valuation is useless. However, whenever you add your bet details to our bet calculator, you can find out your winnings at any time! If you need any part of a goliath bet explained, you can find it on Bet UK using our bet calculators, Goliath betting can be confusing with eight selections and 247 bets but with our guide, we believe that you will have all you need to confidently place a goliath bet.
Are winning Goliath bets always profitable?
This majorly depends on the valuation of your bet, if you have seven options that are 1/7 and one option that is 100/1, it's unlikely that you'll make a significant profit on anything that doesn't include that 100/1 bet. Furthermore, on any bet where only two or three selections win, they would need very high odds to provide you with a profit. This is why the bet is popular amongst horse racing fanatics because the majority of bets in that sport are high odds and with eight selections, the potential total return is an unthinkable amount but the reality is that all eight selections won't win, if two or three do, you could still be in the money.
Goliath Bet Example
In this example, we're placing a £1 bet on a Goliath with a total stake of £247 on eight football matches where all teams are evens.
0 winning selections - Returns £0, meaning a loss of £247.
1 winning selection - Returns £0, meaning a loss of £247.
2 winning selections - Returns £4.00, meaning a loss of £243
3 winning selections - Returns £20.00, meaning a loss of £227
4 winning selections - Returns £72.00, meaning a loss of £175
5 winning selections - Returns £232, meaning a loss of £15
6 winning selections - Returns £716, meaning a profit of £469
7 winning selections - Returns £2172, meaning a profit of £1925
8 winning selections - Returns £6544, meaning a profit of £6297
As you can see, for bets at evens, even five winning selections would garner a £15 loss, you have to be extremely confident in your bets. This is why we typically see these bets placed on odds of 4/1 or higher, wondering how the 4/1 and evens compare? Find the same selections with 4/1 odds below:
0 winning selections - Returns £0, meaning a loss of £247.
1 winning selection - Returns £0, meaning a loss of £247.
2 winning selections - Returns £25.00, meaning a loss of £222
3 winning selections - Returns £200.00, meaning a loss of £47
4 winning selections - Returns £1,275, meaning a profit of £1,028
5 winning selections - Returns £7,750, meaning a profit of £7,503
6 winning selections - Returns £46,625, meaning a profit of £46,378
7 winning selections - Returns £279,900, meaning a profit of £279,653
8 winning selections - Returns £1,679,575, meaning a profit of £1,679,328
It's clear to see why a punter may place a goliath bet. However, with odds of 4/1, the odds are stacked against you when it comes to receiving multiple bet wins, which is why we advise caution when placing a Goliath bet.
Can you make an each-way Goliath bet?
It is possible to create this bet. However, we do advise against it if you are a beginner to betting, just because of the sheer number of bets that are created, tracking 247 bets is difficult enough without adding each way odds and the different odds for individual placements, it can become very messy. If you're an experienced bettor, then this can be increasingly profitable and it won't be as difficult for you to follow as you'll know what you're looking out for. For one each way Goliath bet, you would have 494 different selections, meaning your total stake from £1 on each bet would be £494 and even in the world of horse racing betting, that is a bit difficult to follow. However, if you know how to make your goliath bet work for you, it can be very profitable.
Goliath Bet FAQs
Q. Why would I place a goliath bet?
A. A goliath bet consists of 247 bets across eight selections which means that the risk associated with these bet types are incredibly high. However, the potential reward of a goliath bet is just as high and they do sometimes provide the best odds. For major horse racing events, such as the 2024 Cheltenham Festival, bettors may look to a goliath bet across the day, meaning that even if a couple of horses let them down, they still have the potential to win. The potential attached to the eight fold accumulator is extraordinary as it would mean that all 247 bets were winners.
Q. How many bets make up a Goliath bet?
A. A goliath bet consists of 247 bets which is broken down into the following bets:
28 doubles
56 trebles
70 four-folds accumulators
56 five-fold accumulators
28 six-fold accumulators
8 seven-fold accumulators
1 eight-fold accumulator
Q. I have made a goliath bet but my total bet doesn't equal my initial stake?
A. This is because you've placed your initial stake in as a starting point, meaning that your stake has been multiplied by 247 if you've placed a standard goliath or 494 if you've placed an each way goliath bet.
Q. Is a goliath bet better than eight single bets?
A. This depends on your preference and your betting style, if you're a bettor that chases big wins and isn't affected by the losses that may come with it, then you'll likely prefer the goliath, however, if you're a player who does sports betting sporadically or just follows different events, then you'll likely find single bets as your preference.
Q. How can I find goliath in my betting slip?
A. Once you've added your eight selections to your betting slip, you'll be able to find the goliath bet under system, the combination section adds the most popular bet type that you could place while the system section allows you to check out all potential selections.
Q. Can I use my free bets on Goliaths?
A. You can but it will require a lot of maths, for example, if you utilised the Bet UK £30 in free bets offer, you would have to set an individual stake of £0.04, to use a £10 free bet and this would only constitute a price of £9.88, meaning you couldn't use the entirety of your free bets. The possibility is there but this isn't something that we would recommend.
What bet types can I find at Bet UK?
There are dozens of bet types that can be found at Bet UK, including: