If you are looking for an answer to the question “What Is a Goliath Bet?” then you are on the right page.
We have you covered, and on this page, we’ll answer some of the most common questions about the Goliath bet:
- How much does a Goliath bet cost?
- How many combinations does a Goliath bet have?
- How does a Goliath bet work?
We’ll explain and show you how many selections the bet has and how all the different 247 combinations work for this bet.
All of the info will be explained in an easy-to-understand format, with tables and screenshots to help guide you and build a solid understanding of how the Goliath bet works. This help guide is designed to be easy for novice bettors to understand, as well as advanced punters.
How Much Does a £0.20P Goliath Bet Cost?
Depending on your betting style and how much you budget will decide how much a Goliath will cost you. You can do these bets for both small or large stakes depending on your betting budget. Don’t forget that you should only bet amounts you can comfortably afford to lose.
Check out the table below, which shows you how much it costs for a twenty-pence Goliath. For novice punters, you might want to look at a £0.10p EW Goliath bet which would cost £49.40
|GOLIATH BET STAKE||TOTAL COST|
|£0.10p Each Way||£49.40|
|£0.20p Each Way||£98.80|
|£0.25p Each Way||£123.50|
|£0.50p Each Way||£247.00|
|£1.00 Each Way||£494.00|
|£5.00 Each Way||£2490.00|
The Goliath is a great bet for both beginners and advanced punters. It has eight selections and combines doubles, trebles, fourfolds, five-folds, six-folds, seven-folds and a single eightfold accumulator.
So you have 247 separate bets that are within a Goliath, and the great thing is that it gives you multiple chances to win.
With so many selections then it might seem like an advanced bet, but it is quite simple to understand and we’ll break it down below step by step.
How Many Combinations Does a Goliath Have?
In the table below you can see how many combinations in total the Goliath has.
|BET TYPE||NO OF COMBINATIONS|
Understanding the different combinations is important with any type of bet, but even more so with the Goliath. You can use this bet as a win or each-way bet, but for each-way punters, it is a great bet.
As an example, if you are betting at one of the bigger meetings like Cheltenham, Aintree or Royal Ascot, then it works really well.
These meetings have big field sizes and the odds available, even on fancied runners can be in double figures. It makes the Goliath a really attractive bet.
It is important to note that you will need at least two of your selections to be successful to get a return with this bet.
How Does a Goliath Bet Work?
Below you can see all of the Goliath Bet permutations, so you know exactly which horses are in each individual bet.
A Goliath has eight selections and as you will have seen from the previous table, it consists of 28 Doubles, 56 Trebles, 70 Fourfolds, 56 five-folds and 28 six-folds, 8 seven-folds and 1 Eightfold
Understanding the different combinations is important with any type of bet, but even more so with the Goliath as this can be a good bet for each-way punters.
Firstly you will want to select your horses, so let’s look at eight mythical selections below which are priced at 8/1 or higher, and for this example, we’ll use a £0.10p each way stake, so your total outlay is £49.40.
So let’s say as an example our eight horses are:
- Selection A – 100/1
- Selection B – 8/1
- Selection C – 10/1
- Selection D – 16/1
- Selection E – 100/1
- Selection F – 12/1
- Selection G – 8/1
- Selection H – 25/1
So our total stake is £49.40, and of course, we want to win if possible, but also eliminate as much risk as possible. So how many places will we need to break even or make a profit?
Let’s take the four shortest-priced selections at 8/1, 8/1, 10/1 and 12/1, and we’ll say they have all got placed. we don’t really need the horses to win. We just need them to be in the frame.
This gives us 11 different winning bets (6 doubles, 4 trebles and 1 fourfold accumulator) and the return on this would be £15.45, giving us a loss of £33.95.
Not great for a bet with four places. But what would happen if we got just one more of our horses placed at 16/1. Then the return is £84.70 for a profit of £35.30.
And if you are wondering how much the return would be if we had all eight horses placed, then the total return would be £292,248.48 for an outlay of £49.40.
You can see how all of the various Goliath bet combinations work below.
|A B||A B C||A B C D||A B C D E||A B C D E F||A B C D E F G||A B C D E F G H|
|A C||A B D||A B C E||A B C D F||A B C D E G||A B C D E F H|
|A D||A B E||A B C F||A B C D G||A B C D E H||A B C D E G H|
|A E||A B F||A B C G||A B C D H||A B C D F G||A B C D F G H|
|A F||A B G||A B C H||A B C E F||A B C D F H||A B C E F G H|
|A G||A B H||A B D E||A B C E G||A B C D G H||A B D E F G H|
|A H||A C D||A B D F||A B C E H||A B C E F G||A C D E F G H|
|B C||A C E||A B D G||A B C F G||A B C E F H||B C D E F G H|
|B D||A C F||A B D H||A B C F H||A B C E G H|
|B E||A C G||A B E F||A B C G H||A B C F G H|
|B F||A C H||A B E G||A B D E F||A B D E F G|
|B G||A D E||A B E H||A B D E G||A B D E F H|
|B H||A D F||A B F G||A B D E H||A B D E G H|
|C D||A D G||A B F H||A B D F G||A B D F G H|
|C E||A D H||A B G H||A B D F H||A B E F G H|
|C F||A E F||A C D E||A B D G H||A C D E F G|
|C G||A E G||A C D F||A B E F G||A C D E F H|
|C H||A E H||A C D G||A B E F H||A C D E G H|
|D E||A F G||A C D H||A B E G H||A C D F G H|
|D F||A F H||A C E F||A B F G H||A C E F G H|
|D G||A G H||A C E G||A C D E F||A D E F G H|
|D H||B C D||A C E H||A C D E G||B C D E F G|
|E F||B C E||A C F G||A C D E H||B C D E F H|
|E G||B C F||A C F H||A C D F G||B C D E G H|
|E H||B C G||A C G H||A C D F H||B C D F G H|
|F G||B C H||A D E F||A C D G H||B C E F G H|
|F H||B D E||A D E G||A C E F G||B D E F G H|
|G H||B D F||A D E H||A C E F H||C D E F G H|
|B D G||A D F G||A C E G H|
|B D H||A D F H||A C F G H|
|B E F||A D G H||A D E F G|
|B E G||A E F G||A D E F H|
|B E H||A E F H||A D E G H|
|B F G||A E G H||A D F G H|
|B F H||A F G H||A E F G H|
|B G H||B C D E||B C D E F|
|C D E||B C D F||B C D E G|
|C D F||B C D G||B C D E H|
|C D G||B C D H||B C D F G|
|C D H||B C E F||B C D F H|
|C E F||B C E G||B C D G H|
|C E G||B C E H||B C E F G|
|C E H||B C F G||B C E F H|
|C F G||B C F H||B C E G H|
|C F H||B C G H||B C F G H|
|C G H||B D E F||B D E F G|
|D E F||B D E G||B D E F H|
|D E G||B D E H||B D E G H|
|D E H||B D F G||B D F G H|
|D F G||B D F H||B E F G H|
|D F H||B D G H||C D E F G|
|D G H||B E F G||C D E F H|
|E F G||B E F H||C D E G H|
|E F H||B E G H||C D F G H|
|E G H||B F G H||C E F G H|
|F G H||C D E F||D E F G H|
|C D E G|
|C D E H|
|C D F G|
|C D F H|
|C D G H|
|C E F G|
|C E F H|
|C E G H|
|C F G H|
|D E F G|
|D E F H|
|D E G H|
|D F G H|
|E F G H|
I must say, I love horse racing betting combinations like the Goliath, Super Heinz and Heinz bets, as they are great for each-way punters. Hopefully, you’ll have learned more about what a Goliath bet is and you can now understand exactly how all the combinations work.
If you like placing combination bets like the Goliath bet, then you might want to follow our horse racing expert Richard Smith here at Ontheballbets and his regular pieces on all the big race meetings including the Cheltenham Festival, The Grand National, Royal Ascot, Glorious Goodwood, Qatar Prix De L’Arc de Triomphe, Breeders Cup, The Melbourne Cup.
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