There are many types of multi bets from the simple to truly extravagant. The most basic could be a win treble consisting of 3 selections while a Super Heinz has 7 and an amazing 120 bets with 21 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and one 7 horse accumulator.
There is literally something for everyone.
These types of bets are the bread and butter of bookmakers and those who wager are sometimes called mug punters.
It’s worth noting that even professional gambler Jack Ramsden made use of this bet type winning hundreds of thousands.
The pro side of any accumulator is that you can win a large sum of money for small change.
Stories of a lucky punters winning six-figure payouts come from such bets. Who could forget back in 1996 when Frankie Dettori rode seven winners going through the card at Ascot. In fact, the odds of that accumulator were 25,051/1.
A bet of £40 would have won over £1M.
The downside is that most punters lose.
The trouble with multi bets is that one loser means your bet is almost obliterated. For example, a Canadian bet consisting of 5 selections and 26 bets would result in 15 bets going astray with a solitary loser.
This point really shows the difficulty of winning with these bets.
The paradox of multi bets is they give the illusion you have more chance of winning. Giving the impression you can afford to make a risky selection. In truth, you simply cannot afford one loser. Trying to pick 4 winning favourites is hard work let alone a the rag (outsider).
How often have you including one big-priced selection to achieve that elusive big win?
In my opinion, a four-fold each-way accumulator is a bet that gives you the chance of winning big but also has an aspect of safety involved, which is no bad thing when you consider the implications of one loss with an exotic wagers.
With the four-fold accumulator you need only to have your horses placed to get your stake money back if not win a few quid. It’s true such bets are all or nothing and the win side of the bet you need all four to make the big cash. However, you always have the option of laying off some of the potential win if you have three winners and fearful the last selection will fall short.
From experience, I would suggest you just bite the bullet and let them run and go for gold.
My advice for making multi bets pay is to only bet when you are confident you have very strong selections. A weak link will see your betting slip crash and burn. Safety first are the keywords to see a return on your stake.
It’s been 25-years since one lucky punter won £500,000 on Frankie Dettori’s Magnificent Seven and you could well be waiting another quarter of a century for the next to happen.
Don’t push your luck too far.