A Lucky31 bet is a bet which contains five selections and is made up of 31 different bets. Quite large returns are possible from a small stake for this kind of bet. Lucky31 bets can be placed on any sport but are most popular with horse racing.
A Lucky31 bet calculator calculates the odds and potential returns for each leg of a Lucky31 bet. The 31 legs of a Lucky31 bet are five single bets, ten double bets, ten trebles five fourfolds and one fivefold accumulator. The bet is the same as a Canadian but also has the five singles as additional bets. It is possible to place an each way Lucky31. Your total stake is split evenly between a win bet and a place bet. Each way terms on races or events can differ, but they are generally displayed next to the odds for an event.
Calculating the odds for a Lucky31 is not difficult but it can be time consuming. You must calculate the odds for 31 different bets and add them together. With four selections, A, B, C, D and E, the bets are calculated by multiplying the odds of each selection together in the following way:
Both fractional and decimal odds work fine for calculating the odds of a Lucky31 bet. Multiplying the odds of each selection within a leg together is easier if you use digital odds when calculating manually, but a Lucky31 betting calculator has no preference.
If you back four horses in a Lucky31 which all have odds of evens (1/1 or 2.00), and you stake £31 in total (a £1 Lucky31), you can expect the following returns based on the number of correct selections:
A Lucky31 betting calculator should be used to calculate all 31 legs of a Lucky31 bet. As shown above, you can win money even if only one of your five selections are correct. Even backing selections with low odds and staking a small amount can yield potentially massive profits. Get the best odds on your next sports bet with our comprehensive review of best sports betting sites here.