What is a Goliath bet and how does it work?

Summarized by: Live Sports Direct
 
What is a Goliath bet and how does it work?

At least two of your eight selections must be successful to get any return in a Goliath bet. It's most often used in horse racing betting.

A Goliath bet is an accumulator alternative that offers you some return even if only two of the eight selections are successful.

There are two main drawbacks to a Goliath. All 247 bets have to have the same stake. It's not possible to stake more on bets featuring your most confident selections and less on those featuring the most tentative picks. There is a trade-off between choosing a unit stake that is small enough to keep the Goliver affordable and big enough for the smaller multiples to be worth winning.

The easiest way to work out how much you have or haven't won is to use our Goliath bet calculator. If you're using fractional odds convert them into decimal odds by dividing the top number by the bottom one and then adding one.

What is a Goliath bet and how does it work? If you’re using fractional odds convert them into decimal odds by dividing the top number by the bottom one and then adding one.

An each-way Goliath is a type of Goliks in which all 247 bets are each way. The benefit of an each of-the-four Gliks is that you get a return for every horse that wins and every one that places. Bookies pay around 1/5 of the win odds for the place part of each to make sure the odds are good.

Telegraph Betting posts free horse racing tips every day and regular football betting tips.