If you’re interested in sports betting, you may have come across the term “Lucky 15.” This type of bet is popular among gamblers and can potentially result in high payouts. In this article, we’ll go in-depth into what a Lucky 15 bet is, how it works, and how you can use a Lucky 15 calculator to calculate potential payouts.
What is a Lucky 15 Bet?
A Lucky 15 bet is a type of wager that involves making four selections and placing 15 bets in total. The bet includes four singles, six doubles, four trebles, and one fourfold accumulator. The name “Lucky 15” comes from the 15 bets that are placed.
How Does a Lucky 15 Bet Work?
To place a Lucky 15 bet, you need to choose four selections, which can be from any sport or event.
For example, you could choose four horses to win their respective races or four football teams to win their matches.
Once you have made your selections, you place 15 bets in total, which include:
- Four singles: One bet on each of your selections to win.
- Six doubles: Two bets on each of the possible combinations of two selections.
- Four trebles: Three bets on each of the possible combinations of three selections.
- One fourfold accumulator: One bet on all four selections to win.
To win a Lucky 15 bet, at least one of your selections must be successful. If all four selections win, the potential payout can be significant.
Example of how a Lucky 15 calculator works
Here’s an example: Let’s say you want to place a Lucky 15 bet on four football matches. Your four selections are Liverpool to win, Chelsea to win, Tottenham to win, and Arsenal to win. The following 15 bets are automatically generated:
- Four singles (one for each selection)
- Six doubles (Liverpool & Chelsea, Liverpool & Tottenham, Liverpool & Arsenal, Chelsea & Tottenham, Chelsea & Arsenal, Tottenham & Arsenal)
- Four trebles (Liverpool, Chelsea & Tottenham; Liverpool, Chelsea & Arsenal; Liverpool, Tottenham & Arsenal; Chelsea, Tottenham & Arsenal)
- One fourfold (Liverpool, Chelsea, Tottenham & Arsenal)
If all four of your selections win, then you will receive a payout for all 15 bets. If only one selection wins, then you will receive a payout on the one winning single bet.
If two selections win, then you will receive a payout on the two winning singles and one winning double. If three selections win, then you will receive a payout on the three winning singles, three winning doubles, and one winning treble.
Lucky 15 Calculator: How does it work?
| Bet Type | Selections | Bets | Payout (if all 4 win) |
|---|---|---|---|
| Single | Toronto Maple Leafs | 1 | $2 |
| Single | Montreal Canadiens | 1 | $2 |
| Single | Vancouver Canucks | 1 | $2 |
| Single | Edmonton Oilers | 1 | $2 |
| Double | Toronto Maple Leafs & Montreal Canadiens | 1 | $4 |
| Double | Toronto Maple Leafs & Vancouver Canucks | 1 | $4 |
| Double | Toronto Maple Leafs & Edmonton Oilers | 1 | $4 |
| Double | Montreal Canadiens & Vancouver Canucks | 1 | $4 |
| Double | Montreal Canadiens & Edmonton Oilers | 1 | $4 |
| Double | Vancouver Canucks & Edmonton Oilers | 1 | $4 |
| Treble | Toronto Maple Leafs, Montreal Canadiens & Vancouver Canucks | 1 | $8 |
| Treble | Toronto Maple Leafs, Montreal Canadiens & Edmonton Oilers | 1 | $8 |
| Treble | Toronto Maple Leafs, Vancouver Canucks & Edmonton Oilers | 1 | $8 |
| Treble | Montreal Canadiens, Vancouver Canucks & Edmonton Oilers | 1 | $8 |
| Fourfold | Toronto Maple Leafs, Montreal Canadiens, Vancouver Canucks & Edmonton Oilers | 1 | $16 |
A Lucky 15 calculator is a tool that can help you calculate potential payouts for a Lucky 15 bet. The calculator takes into account the odds of each selection, the stake you have placed, and the number of selections that have won.
How to use a Lucky 15 calculator
To use an odds calculator for reckoning your lucky 15 bets, follow these steps:
- Input the odds of each selection. This can be done in decimal, fractional, or American format.
- Input the stake you have placed on the bet.
- Select the number of selections that have won. For example, if two of your selections have won, select “2.”
- Click on “Calculate” to see the potential payout.
How many hits do you need to make a profit on a Lucky 15 bet?
You only need one winner, within the possible combinations, to make a profit on a Lucky 15 bet.
This is because, in practice, you would be winning the simple 1 horse bet.
Of course, unless the odds on that winner are greater than 15/1, you won’t get all of your bet back, but you will at least get some of it back.
The real fun starts when you get more than one winner.
This is because the more individual winners in your lucky 15 betting combo, the higher the returns, as each winning selection is covered in more individual bets, which make up the Lucky 15 bet.
How this works (in the case of horse racing):
So, if one horse wins, you will only get the returns on that horse.
If two horses win, you get the winnings of the two single bets plus the double bet.
If three horses win, you will get the winnings from the three single bets, the three double bets and the triple bet.
If all four horses win, you will make a good profit, as all 15 bets will bring you a profit.
Advantages and Disadvantages of a Lucky 15 Bet
Like any type of bet, Lucky 15 bets have advantages and disadvantages. Here are some of the key pros and cons to consider before placing a Lucky 15 bet:
Advantages:
- Even if not all your selections win, you can still receive a payout.
- The potential payout can be substantial if all four selections win.
- The increased number of bets can add excitement to watching the events you have selected.
Disadvantages:
- The cost of placing a Lucky 15 bet can be high due to the number of bets involved.
- If only one selection wins, you may only receive a small payout or none at all.
- The potential payout may not be worth the risk if your selections are unlikely to win.
Tips for Placing a Lucky 15 Bet
If you are considering placing a Lucky 15 bet, here are some tips to help you maximize your chances of success:
- Choose your selections carefully: Make sure you have a good understanding of the sport you are betting on and select your picks based on informed decisions rather than just hunches.
- Look for value: Don’t just bet on the favorites – look for value in the odds of underdogs that you think have a good chance of winning.
- Consider each-way betting: Some bookmakers offer each-way Lucky 15 bets, which means that if one or more of your selections place (usually in the top 2, 3, or 4), you will receive a payout at a reduced odds. This can be a good option if you are not confident that all of your selections will win.
- Shop around for the best odds: Different bookmakers offer different odds, so make sure to compare odds from multiple bookmakers to get the best value for your bet.
- Use a Lucky 15 calculator: A Lucky 15 calculator can help you calculate your potential winnings and decide whether it is worth placing the bet.
- Set a budget: Like any type of betting, it is important to set a budget and only bet what you can afford to lose.
On Which Sports Can I Place a Lucky 15?
The Lucky 15 isn’t just for horse racing. You can place one on many different sports, such as football, tennis, cricket etc.
You can also mix and match and place any combination of sports in your bets such as two horses and two football teams, so the Lucky 15 represents a really flexible bet option.
How much does a Lucky 15 cost?
A Lucky 15, because it is made up of 15 bets costs 15 times your unit stake.
For example, a $1 win Lucky 15 costs $1 x 15 which equals $15.
Remember, whilst the bet is a single Lucky 15, it is made up of 15 individual bets, and so your base stake is multiplied by 15 to get the cost of the Lucky 15.
Each Way Lucky 15 Bets
In addition to a standard Lucky 15 bet, you can also place an “Each Way” Lucky 15 bet.
This involves placing two bets on each of your selections – one to win and one to place (usually finishing in the top 2, 3 or 4 depending on the number of runners).
As a result, a total of 30 bets are placed (15 win bets and 15 place bets). This type of bet can increase your chances of winning and offers a safety net if one or more of your selections place.
An Each Way Lucky 15 bet is essentially a combination of two types of bets: the Each Way bet and the Lucky 15 bet. This means that you are placing 30 bets in total: 15 bets on your four selections to win and 15 bets on them to place.
When you place an Each Way Lucky 15 bet, you are placing two bets on each selection: one to win and one to place. The place part of the bet means that if your selection finishes in the top 2, 3, or 4 (depending on the number of runners in the race), you will receive a payout at a reduced odds.
The payout for an Each Way Lucky 15 bet is calculated by multiplying the unit stake by the number of bets placed, so if you were to place a $1 Each Way Lucky 15 bet, the total stake would be $30 ($1 x 15 bets), and the potential payout would be $60 if all four selections win and place.
Conclusion
A Lucky 15 bet is a type of wager that can potentially result in high payouts. It involves making four selections and placing 15 bets in total. By using a Lucky 15 calculator, you can calculate potential payouts accurately and plan your bets more effectively. Remember to always bet responsibly and only gamble with money you can afford to lose.
