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What does Lucky 15 mean in betting?

Lucky 15 Bet Explained - © andrewshka - Fotolia.com

A Lucky 15 consists of 15 bets involving 4 selections in different events. The bet includes 4 singles, 6 doubles, 4 trebles, and 1 fourfold. If only one selection wins, as a consolation returns are paid to double the odds. If all four selections win, a bonus of 10% is added to total returns. For the bonus to apply, all selections must win (none void or non-runners). For each-way bets the consolation is paid only on the win part of the bet. Lucky 15 bets are accepted on horse racing and greyhounds only. Also Lucky 31 and Lucky 63 exist.

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What is a Lucky 15 bet?

Well this is a type of a Full Coverage bet because it covers all possible combinations of multiple betsfrom four selections. There are different types of multiple bets, all with different names, but the Lucky 15 option is a very popular one, particularly in horse racing. There are two different types of Full Cover Bets, ones which do not include singles and ones which do. A Lucky 15 does include all Four single bets as well. So what exactly are you taking a punt on with a Lucky 15? Well, you are making fifteen separate bets within a Lucky 15 bet, hence the name! Firstly because this is built from four separate selections, you have 4 Single Bets. Along with that, from those four selections you can also make a combination of 6 Double Bets. To finish out, there are a combination of 4 Treble Bets and one Fourfold Accumulator as well, adding up to fifteen bets in total.

So with a Lucky 15 you are spreading your betting net far and wide for just four selections, and naturally the pay off is a big reward if all four of your selections win. But the appeal of the Lucky 15 Full Coverage bet is that you can still make good profit if not all of your selections win, and this is down to the coverage of the multiple options. The first thing to remember if you are tempted by a Lucky 15 bet, is that because you are essentially making fifteen separate bets, then you are going to be placing a stake of fifteen times of your unit stake.

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Lucky 15 Bet Calculator


Lucky 15 Example

For example if you have a £1 Lucky 15, then your actual stake is going to £15, one pound each for each of the fifteen bets involved here. But the potential pay out of this is huge. Let’s say you make four selections all at 4/1 and all of them win after placing just a £1 Lucky 15. The profit return on that £15 stake is £1,409.50 (with a 10% win bonus) which is a very high percentage return for such a small stake. Were this dream example to happen, then you would not just be winning fifteen 4/1 bets at a £1 stake each. Remember that you have placed wagers on multiple bets, so within this example you would be winning Four Single Bets, Six Double Bets, 4 Treble Bets and the Fourfold Accumulator all at 4/1 each. Just to highlight the profit margin further, just the Fourfold Accumulator in this example would pay out over £600 profit for four winnings selections on a £1 stake.

Multiple bets are a great way to shoot for big profit for a relatively small stake, and that is the appeal of them. Picking four winning selections is all that it will take to pay out big. A Lucky 15 is the big brother of a Yankee bet, because a Yankee is all the multiple combinations from four selection, but without the singles. Look out for win percentage bonuses as well with bookmakers because these are very common. Sometimes bookmakers will make a bit Full Coverage bet like a Lucky 15 even more attractive by offering a Consolation in which you may get paid out Double odds if just one of your four selections in a Lucky 15 come up, giving you a little extra insurance against the value of your original stake. So a Lucky 15 bet can be highly profitable and are well worth studying in your approach to betting.

How does a Lucky 15 work each way?

It is also good to know that you can cover your Lucky 15 each way as well. An each way bet is when you will win a fraction of your original odds back if a selection (for example a horse in a race) finishes in the places (usually second or third). So how does a Lucky 15 work each way? Here is an example.

You make your four selections for the regular Lucky 15 and then on your betting slip you will see the option to check any of your selections each way. Note before going ahead though that most bookmakers won’t pay any bonuses (such as one winner consolation) on each way Lucky 15 selections. So for example your four selections have been made at 3/1, 5/1, 7/1 and 4/1 to keep things simple and there is a 1/5th odds on offer for a place.

Remember that a Lucky 15 is 15 separate bets, so if your unit stake is £1 you would have to pay £15 stake total. However, because of the each way portion of a bet adding another bet to each of your original bets, then you would be making 30 bets if you backed all four of your selections each way. So your four selections at 3/1, 5/1, 7/1 and 4/1 means you have a £30 stake. A nice profit of just over £2,1000 would be won if all four selections won.

However if your 7/1 shot only placed you only get 1/5th of the 7/1 odds and that brings your total profit down to £252. You are still in profit though based on your £30 liability from the stake. If only your shortest price option at 3/1 won and the other three placed you would be looking at £50 profit, which is still decent because if your three other selections had lost instead of placing your would only be getting around £8 back, meaning that from your £30 stake you would be minus £22.

So you can see, as worth straightforward single bets, you have some coverage on your selections to at least get a little something back if your selection fails to win but does well enough to place. Just remember that you have to stake more to get this kind of insurance and you are doubling and Lucky 15 stake for each selection.

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