Goliath Bets Explained

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What is a Goliath Bet?

The goliath is an 8 selection wager consisting of 247 bets: 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold accumulator.

David and Goliath

Named after the considerable number of bets that make this wager, the goliath is one of the largest bets available and is best left to experienced punters. Only trumped by the goliath flag in terms of size, the goliath can generate huge winnings if you have enough stake to fund all bets. All selections have equal weight on the return, so it doesn't matter which order they are added to the betting slip.

Working out winnings for this kind of bet would be impossible by hand, so use the goliath bet calculator to save time. The calculator can also help understand how one or two losing runners affects returns.

When 2 selections win, a return is guaranteed.

Goliath Composition

The goliath is composed of the following parts:

PartNumber of Bets
Double28
Treble56
Four-Fold70
Five-Fold56
Six-Fold28
Seven-Fold8
Eight-Fold1
Total:247

How It Works

In this example, 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and 1 eight-fold are created from your original eight selections. To give you a better idea, the examples of each would look as follows:

  • 28 doubles – (AB, AC, AD….)
  • 56 trebles – (ABC, ABD, ABE….)
  • 70 four-folds (ABCD, ABCE, ABCF….)
  • 56 five-folds (ABCDE, ABCDF, ABCDG….)
  • 28 six-folds (ABCDEF, ABCDEG, ABCDEH…)
  • 8 seven-folds (ABCDEFG, ABCDEFGH)
  • 1 eight-fold (ABCDEFGH)

For clarity, we have not listed every different permutation of the bet, but it should at least give you an idea of how all 247 bets are comprised, and we can bring this to life by looking at an upcoming weekend of Premier League football.

Home Team

Away Team

Outcome

Odds

Crystal Palace

Fulham

Fulham Win

16/5

Luton

Wolves

Wolves Win

6/5

Brentford

Everton

Brentford Win

3/4

Burnley

Manchester United

Burnley Win

16/5

Brighton

Bournemouth

Brighton Win

4/11

Chelsea

Aston Villa

Chelsea Win

10/11

Liverpool

West Ham

Liverpool Win

2/5

Sheffield United

Newcastle

Newcastle Win

4/9

In the table above, eight of the ten games have grabbed our interest and we have subsequently chosen the eight outcomes that we think are going to happen over the next few days. There are eight wins in this example, but there is no reason why draws could not be included.

You could even mix and match the markets and not necessarily opt for match outcomes. You may opt for selections in both teams to score or over/under 2.5 goals markets to give yourself even more coverage.

As we can see here, there is a mixture of selections that are both odds on and outsiders, and this spread will also help when trying to turn the Goliath bet into a profitable venture, as you may not need all eight matches to go your way.

With so many bets included in the Goliath, it can be a rather difficult bet to get your head around, and this is where our very own Goliath calculator will come in very handy. With our free tool, you can track what winning combinations will be the most profitable.

How To Calculate Your Goliath Winnings

Using that same tool, we can now understand what is needed to turn an outlay of £24.70 into something more substantial. First, we will start with the best news; and this means all eight sections are correct.

If this was the case with the odds above and all 247 separate bets were declared winners, a total return of £957.94 would be yours. More importantly, a profit of £933.24 will soon be in your back pocket. To see how this plays out, this bet is preloaded in our Goliath calculator here.

If you were to make the same selections with the teams and odds above in an eight-fold accumulator. The same bet would be worth odds of 36.67/1 – not only is there nothing in the way of insurance, but the overall winnings are far less.

Of course, landing an eight-fold accumulator in isolation or within a Goliath is far from easy, and there is every chance that a handful of these eight selections may instead see the opposition side come out on top.

Should that happen, we are relying on which winners and the respective betting combinations have generated in terms of return. Therefore, it may not be a case of winning in terms of volume but more a case of the teams with the longer odds.

A Winning Five-Fold

Using the same calculator tool, we are looking through the weekend’s Premier League results, and in this instance, only five of our eight pre-match selections have been declared winners. Unsurprisingly, the quintet are all selections where the prices are odds on.

(This means losses for Fulham, Wolves and Burnley)

This means only 26 of the 247 bets would be declared winners:

Part

Number of Bets

Double

10

Treble

10

Four-Fold

5

Five-Fold

1

Total:

26

26 winners do not sound too bad, but with the odds involved, the threshold is not enough to turn a profit. In this instance, the 26 wins would only be worth £10.21, and with £24.70 serving as your stake, this means a loss of £14.49 overall.

However, a different combination of five winning teams can tell a different story.
In this example, we will pretend that Fulham, Wolves, Chelsea, Liverpool and Newcastle have all bagged maximum points.

Two outsiders (Fulham and Burnley) and three clear favourites (Brighton, Liverpool and Newcastle) all getting the job done. Once again, this means that there are 26 winning bets, such as in the table above; this time, the 26 wins are worth a total of £36.13. More importantly, a profit of £11.43.

If we say the first five teams in our prediction table all won, those 26 bets offer up even more in winnings. £24.70 instead becomes £54.77, and now we have a profit of £30.07 – showing you do not need every game to be a winner, just the right combination of matches.

A Winning Six-Fold

What would happen if our luck was in and the first six teams were declared winners in our prediction table? First, it would mean that 26 winning bets would increase to 57, and they would look as follows:

Part

Number of Bets

Double

15

Treble

20

Four-Fold

15

Five-Fold

6

Six-Fold

1

Total:

57

Every team bar Liverpool and Newcastle coming out on top and our 57 winning bets would be worth £161.95. This would generate a profit of £137.25, showing that the winnings increase once you reach the six-fold territory.

As with any combination betting type, there will always be caveats regarding the number of odds and winning bets you make. But our example should hopefully provide more context for how the Goliath works.

How To Place A Goliath Bet with Bet365

  1. Select the relevant sport you want to bet on. For this example, we have selected Football.
Lukcy 63 Sports Menu
Sports menu options - Taken 02/02/2024

2. Then, select the eight football outcomes for your betting slip. Once they are selected, the bet will first be set up as an eight-fold accumulator. Press the ‘Show More Multiples’ arrow to unlock all the other available bets.

Goliath Default Bet
Default Bet Selection Screen - Taken 02/02/2024

3. Then select the Goliath option before adding your stake amount. Now, you are ready to place your Goliath bet.

Goliath Show Multiples
“Show more multiples” expanded view - Taken 02/02/2024

Reasons for making a Goliath Bet

Now that we have explained a Goliath bet, here are three reasons why you would place one:

  • Strike It Rich – If you are someone who is prepared to stake big also to win big, the Goliath can be the bet for you. With many potential combinations, this strategy can be far more profitable than placing a large accumulator.
  • Rewards Good Strategy – The Goliath also rewards those who like to combine favourites and lengthier priced selections. Should you mix and match between the two, the strategy of some winners rather than all can also turn this bet into a profitable one.
  • Plenty Of Entertainment – All combination bets are entertaining, but with 247 different bets, the Goliath is undoubtedly the king of exciting wagers – especially if you make eight correct selections.

The Goliath certainly has its supporters within the betting community. Still, like all betting types, the benefits and potential drawbacks must be highlighted; therefore, we will now look at the two most prominent points in each category.

Pros & Cons

Pros
  • Big Potential Winnings – 247 bets means 247 individual opportunities to win. You do not need to land all of them to come out on top, which is why the Goliath is such an attractive bet for experienced punters.
  • Mixing Your Choices – Diversification is the way forward here. Find the right balance in odds, and you can offset any potential losses against potentially bigger wins. and unlike an Accumulator, it is not all over if one leg fails to be declared a winner.
Cons
  • An Expensive Proposition – The most obvious drawback to the Goliath will be the cost involved. In the example above, 10p stakes were used. Convert that £10p into £1, and a Goliath will set you back £247. Therefore, you must approach this one with caution.
  • Expenses Equals Losses – To expand on that point, should your Goliath not go the way you planned and you only manage one or two winners, the losses involved can be hard to recuperate.

Conclusion

We cannot underestimate the Goliath's power, but great power does come with great responsibility. Considering the cost and the complexity involved, this is not a bet that a newcomer can simply place.

Of course, nothing stops anyone from this being a bet they place. However, the expense is not always covered when it comes to winnings, and if you have less of an appetite for risk, you may want to consider one of the many other combination bets.

Last Update: 5 February 2024

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Also See

Goliath bet calculator - Calculate the payout of your goliath with this easy to use free betting tool.

What is a flag bet? - Visit the page for an explanation of the term and the variety of bets available in this style. A goliath flag, for example, would retain the usual component parts with the addition of single stakes about up-and-down pairs, resulting in a massive wager of 303 bets.

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