Full Cover Bets

Imagine that you're betting on the outcomes of some football games. A full cover bet is placing multiple bets simultaneously to cover different possible results. For instance, let's say you want to bet on four matches. With a full cover bet, you would place several smaller bets to cover different combinations of those matches. So, if you got some predictions right but not all, you might still win something.

A full cover bet requires at least three selections. It doesn't matter how many legs you choose to include; it will cover every possible accumulator that can be made from the selections. An "accumulator" here means everything is from a double upward. So, depending on the number of legs, there may be colorful doubles, trebles, fourfolds, five-folds, and so on.

You are laying on every possible combination of the various legs you include, hence the name "Full Cover." Each bet within the multiple will have the same stake. Your total stake is the unit cost multiplied by the number of wagers you opt for in the full cover bet.

Full cover betting aims to hedge the risk of losing. Nonetheless, it requires more cash to start with. Since you're making many bets, the cost is higher than just making a single bet. It's like a way to increase your chances of winning, but you're also spending more money upfront. To make full-cover bets, you must be ready to take risks.

How Do Full Cover Bets Work?

A full cover bet offers a volition to an accumulator when laying on multiple selections. The advantage of a full-cover wager is its ability to deliver a profit even if only some of the choices are successful. That's unlike an accumulator, which, on the other hand, loses if just one of the selections fails to win.

Note that the stake will grow in a full cover bet to accommodate the number of bets placed. For example, if you place a £5 accumulator bet on three Premier League teams playing over a weekend, you only have to wager the exact £5.

On the other hand, a full cover bet might be a Trixie, which is four separate bets and thus a total stake of £20. It could also be a patent, including single bets on each selection, and so involves seven bets and a total stake of £35.

The fact that not all selections need to win means that many choices with longer chances can be made. You'd know that the bet will still pay out if they fail. And if they win, the profit will be substantial.

Types Of Cover Bet

You don't need to work yourself up over what cover bet to place your wager on. There are different variations available for you to explore. Let's take a look at the most popular ones.

A Double Bet

The double bet is one of the simplest forms of a multiple a punter can place. It's made up of two single bets with all odds combined into one. It's popular in sports like football.

To win a double bet, both selections must be successful. However, you'll lose the wager if one or both are not. A double bet's odds are worked out by multiplying the odds of each single bet.

For example, if you place a double bet on two matches, you will need the clubs to win their games to be paid out the full winnings.

A Treble Bet

A treble bet has three selections and combined odds. It works by placing the return from each leg on the coming one as a stake. The winnings from the first bet will be placed on the alternate as a stake, with the winnings of the alternate bet also placed on the third bet as a stake, giving you your implicit winnings.  

Say you're betting on three separate horse races. With a Treble bet, you choose one horse in each of the three races. You place a single wager that all three horses will win their respective races. Now, If all three win their races, you win the bet and get a higher payout. But If even one horse loses, you lose the entire bet.

You're simply combining three wagers into one, saying all three horses will win. If they all do, you win big; if any of them don't, you don't win anything. It involves a higher risk with a potentially bigger reward.

For instance, if 5/1, 6/1, and 7/1 are the odds, there will be an addition of one to the treble bet odds and they'll become 6/1, 7/1, and 8/1, respectively.

Trixie Bet

As its name suggests, A Trixie bet consists of four bets from 3 different selections. This includes three doubles (combining the outcomes of two matches each) and one treble (combining the results of all three games).

Even if one of your selections in a Trixie Bet is wrong, you can still win something. Let's break it down:

• If all three selections are correct, you win all four bets.
• You still win something if two selections are correct. But it'll be less than if all three were right.
• If only one selection is correct, you might get a small return. That's unlikely to cover your original stake, though.
• If none of the selections are correct, you won't win anything.

A Patent Bet

A Patent consists of seven bets with equal values on three separate events. It breaks down into three singles, three doubles, and one treble.

In a Patent Bet, you only need to make one correct selection to get a return. It is a safety net compared to other types of wagers, where you need all pieces to be right to win. The bet is predominantly used in Horse Racing. But it is also available across all sports and has become increasingly popular. The reason is not far-fetched —you only need one winner from three selections to see a return for your money.

Yankee Bet

The' Yankee' bet type is obtained from four selections, with 11 individual bets across the chosen picks.

This bet has six doubles, four trebles, and one fourfold accumulator. For a Yankee bet to return winnings, you need at least two selections to win. If only one choice wins, the return will likely not cover your stake. The amount of betting returns from a Yankee bet depends on the number of winning selections and the odds of each.

Lucky 15

A Lucky 15 consists of 15 bets of equal value on four distinct events. It includes four mates, six doubles, four trebles, and a fourfold accumulator. The bet is generally associated with horse racing.

Your stake is multiplied by 15, so a £1 bet would cost you £15 overall. That's £1 on each of the 15 bets that make up a Lucky 15.

As a Lucky 15 includes four singles, you only need at least one winner for a return. However, depending on the odds, a single winner is unlikely to cover the initial stake. Some bookmakers offer a bonus for combinations of wins from a Lucky 15, which may boost your returns.

A Heinz

Heinz's bet includes 57 stakes across six selections. The wagers which make up this multiple bet are as follows; 15 doubles, 20 trebles, 15 four-fold accumulators, six five-fold accumulators, and one six-fold accumulator.

Thus, placing a £1 Heinz would mean a total stake of £57. It was named after the 57  kinds of Heinz company watchwords. This 57-bet wager is a full-cover bet that combines every permutation of the six selections into a single stake.

The very high returns a Heinz can generate are appealing to punters. The same high return could be achieved with a single six-fold accumulator, but it would require all selections to win for a return to be generated. A Heinz bet is a more exciting way to bet on a multiple as it increases the chance of a return. And to earn one, you'll need at least two selections to win their bets.

Canadian Bet

A Canadian bet is a  wager of 5 selections consisting of 26 bets, ten doubles, ten trebles, five four-folds, and a five-fold accumulator. It can also be called Super Yankee. A £1 Canadian Bet would bring £26 as an overall stake.

It is a relatively complex form of multiple bet, somewhat similar to a Yankee bet or a Lucky 15. It can be complex for beginners. You might need to have a better knowledge of the sport and actors before placing your bet.

Goliath Bet

A Goliath bet comprises 247 bets over eight different selections. It is summed up by 28 doubles, 56 trebles, 70 four-fold accumulators, 56 five-fold accumulators, 28 six-fold accumulators, eight seven-fold accumulators, and one eight-fold accumulator. Of course, you'll wager a much higher amount compared to a conventional accumulator. This means you'll have to stake a massive £247 for a £1 win-only Goliath bet.

A Goliath has no single bets, and at least two selections of the eight must win to get any return on your wager. Goliath bet's very massive returns appeal to many gamblers. Yes, you can get the same high return with a traditional eight-fold accumulator. But to generate any return, the latter would require all selections to win. It's an all-or-nothing dilemma. Goliath bet's only drawback is the huge amount you might have to stake.

How To Place a Cover Bet??

Start by picking the main bet that piques your interest. This is your golden buzzer, the gamble you really want to win. Then, keep an eye out for the cover bet option on your betting platform. It's like your safety net that ensures you're not left empty-handed if things don't swing your way with the primary bet.

Now, decide on how much you're betting. You'll need to splash some cash on both your primary bet and the cover bet. Once you've made your decision, go ahead and confirm your wagers. You don't need to rush. Always double-check your selections and make sure you're clear on how much you're throwing into the mix.

Factually, adding cover bets to your gambling strategy isn't rocket science. But it adds an extra touch of smarts to your game. A little planning ahead can mean a world of difference down the line.

Tips and Strategy Advice

You must be strategic and responsible while gambling. It's meant to be fun (whether you win or lose). Below are some of the things  you need to know before placing your bet:

• Bet in twos. Where possible, cover your wagers so that if one loses, the other can make up for the loss. If both come in, you've won.
• Never risk what you cannot afford to lose. Do not stake your coming mortgage payment on gaming selections. 
• Have a cut-off point. Set a limit to what you are willing to lose over any given period and stick to it. Always manage your bankroll well.
• Do not be in a rush to wager. Be sure before you place your bet.

Summary

Full-cover bets are just one of the numerous ways to stake in sports. It goes against the idea of laying on a single platoon, canine, or steed to win a payout. Rather, full-cover bets combine multiple selections for lesser odds of winning.

A full cover bet is what's known as a combination laying strategy that splits a wager overall or multiple selections by covering between three and eight selections, as explained before.

An advantage of a full cover bet is – not all your selections have to win for you to earn a payout. This means you have a way better chance of making a profit than you would if you placed the same stake on one or more "straight" single or multiple bets.