Heinz Bets Explained

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What is a Heinz Bet?

The heinz is a 6 selection wager consisting of 57 bets: 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and a six-fold accumulator.

Horse Racing Event

Named after the 57 varieties Heinz company slogan, this 57 bet wager is a full cover bet that combines every permutation of the 6 selections into a single wager. Each selection has the same effect on returns so the order in which they are added to the slip is inconsequential.

It would take a lot of time and be error-prone to work out returns by hand, so it's best to use a heinz bet calculator tool after you understand the parts of this wager. Experimenting with different outcomes can also help in understanding how one or two losing runners affects returns.

When 2 or more selections win, a return is guaranteed.

Heinz Composition

The heinz is composed of the following parts:

PartNumber of Bets
Double15
Treble20
Four-Fold15
Five-Fold6
Six-Fold1
Total:57

How It Works

Six horses have taken your fancy while going through the odds and are each placed at 4/1 (5.00). These six horses on a Heinz bet offer up 57 different permutations, and if we placed a £1 stake on each of the 57 bets, our overall outlay would be £57. Not as much as its Super Heinz cousin with 120 variations, but still a considerable expenditure.

Should no horses manage to enter the winner’s enclosure, you would draw a blank, and the same would be said for a single horse finishing first, as none of the 120 bets in the Super Heinz include singles.

Like with an accumulator or any other combination bet type, no winners on the betting slip will mean nothing in the way of return. At the same time, just a single winning horse will not be enough to see the bookmakers part with their money.

Two 4/1 winners at £5 per win. A double comes in on its own at £25 but leaves you with a £32 loss.

Should you manage to see three horses declared as a winner, this is where the Heinz bet can start to turn a profit.

Three 4/1 winners at £5 per win. Add the three doubles together, and the prize money is £75. Add a treble win at £125; your total winnings are £200 making a £143 profit.

As you can see, in this example, just one more winner has been the difference between overall loss and profit. Add another winner to the equation, and the profit scale grows even further.

Four 4/1 winners at £5 per win. Add the six doubles together, and the prize money is £150. Add four treble wins at a total of £500 and a winning four-fold at £625. The total winnings are £1,275, and there is £1,218 profit.

Five 4/1 winners at £5 per win. Add the ten doubles together, and the prize money is £250. Add ten more treble wins to add £1.250 to the pot, five four-fold wins at £625 and a five-fold win at also £625. Which brings in a total of £7,750 and £7,693 profit.

Six 4/1 winners at £5 per win. Add the 15 doubles together, and the prize money is £375. Add 20 treble wins at a total of £2,500, another 15 four-folds at £9,375, six five-folds at £18,750 and one accumulator at £15,625. Which brings in a total of £46,625 and £46,568 profit.

Have a play with this very scenario here and change the ‘Outcome’ column on any of the bets to ‘Lost’ to see the impact it has on your Heinz bet return and profits.

Heinz Bet Example

For clarity, here are all the potential outcomes in the table below.

Outcome

Winnings

Outlay

P/L

1 Winning Horse

£0

£57.00

-£57.00

2 Winning Horses

£25.00

£57.00

-£32.00

3 Winning Horses

£200.00

£57.00

£143.00

4 Winning Horses

£1,275.00

£57.00

£1,218.00

5 Winning Horses

£7,750.00

£57.00

£7,693.00

6 Winning Horses

£46,625.00

£57.00

£46,568.00

As we can see, there is plenty of money to win in a bet of this kind. However, we do need to highlight that it is not all plain sailing. First, our example is spending £57 on stake money. Fine if we get three or more winners, but disaster if it is two or fewer.

Of course, there is a way to counteract such concerns, and that is by lessening the stake for each bet. Instead of £1, you could go for 10p. Turning £57 into £5.70. At the same time, it will reduce each of your potential winnings amount by 90%, so you need to consider this.

Of course, the above example is where all seven horses are priced at the same odds of 4/1. It would be doubtful that a Super Heinz would be placed with this exact example, and therefore, you also need to account for variation in odds.

The above example is where all six horses are priced at the same odds – which rarely happens when placing a Heinz. Therefore, the variation of odds must also be factored into any potential winnings.

If there is variance between the six horses you are looking to back, this is where the maths side of things can become a bit more confusing. Thankfully, we are on hand to help you out, and our very own Heinz calculator will be able to work out just how many winnings could be coming your way.

Reasons for making a Heinz Bet

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

  • Potential for Substantial Returns with Moderate Risk: A Heinz bet balances potential returns and manageable risk. While the potential returns might not be as astronomical as some higher-stakes bets, the Heinz strategy allows bettors to balance excitement and risk management.
  • Diverse Betting: The Heinz bet is particularly appealing for bettors who are interested in different sporting events or races happening simultaneously, making it a versatile choice for those who want to maintain interest across a range of contests.
  • Hedge With Multiple Selections: By covering multiple permutations, the Heinz bet allows punters to hedge their bets to some extent. This approach can help manage losses while retaining the profit potential.

Like any betting type, there will always be benefits and drawbacks. With this in mind, we shall look at the positives and negatives of placing a Heinz bet.

Pros & Cons

Pros
  • Balanced Risk and Reward Potential: The Heinz bet balances potential returns and manageable risk. With a moderate number of bets covering various combinations, The Heinz strategy allows for meaningful profit potential while mitigating some extreme risk associated with higher-stakes bets.
  • Enhanced Engagement: Placing a Heinz bet offers a diverse and engaging betting experience. With 57 bets spread across six selections, punters have a stake in multiple events or races, enhancing the betting experience.
Cons
  • Higher Costs and Complexity: One of the drawbacks of a Heinz bet is the higher total cost due to the large number of bets involved. Managing and keeping track of 57 bets can also be complex and time-consuming. The cost and complexity might deter punters who prefer simpler or less expensive betting strategies.
  • Risk of Overestimating Confidence: Placing a Heinz bet requires confidence in multiple selections. An incorrect prediction can significantly impact the overall bet's outcome, potentially resulting in substantial losses even if most selections were correct.

How To Place A Heinz Bet with Bet365

1. Select the relevant sport you want to bet on. For this example, we have selected tennis.

Heinz Sport Selection
Sports menu options - Taken 19/01/2024

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

Heinz Bet Selection
Default Bet Selection Screen - Taken 19/01/2024

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

Heinz Multiples
“Show more multiples” expanded view - Taken 19/01/2024

Final Thoughts

In conclusion, a Heinz bet offers diverse engagement, the potential for balanced returns, and the opportunity to leverage multiple confident selections. As with any form of gambling, informed decision-making is crucial for a positive betting experience, and this type of bet should align with your risk appetite.

Last Update: 19 January 2024

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Also See

Heinz bet calculator - Calculate your payout with this free, easy to use tool

What is a super heinz bet? - Similar to the heinz, just bigger. Learn everything about the parts of this 7 selection wager.

Super heinz calculator - If you find yourself with an extra selection, taking the total to 7, then the super heinz may be the bet for you. With the same characteristics but clocking in at a vast 120 bets, this odds calculator performs all workings instantly to determine how much the bookie owes you on your next visit. It provides the full range of options you would expect from the premier odds calculation website.

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