​What is a Goliath bet?

​What is a Goliath bet?

Despite the changing face of the bookmaker from the closed world of the high street betting office to the well marketed lad culture helped by social media, one thing which has not changed is the wish for punters to bet in multiples.

Betting is supposed to fun and as such, betting in small stakes on multiple bets which could lead to a huge return is still the favoured method of online bettors.

One of the age old favourites in this sphere is the Goliath bet, a mammoth undertaking of 247 bets spread from 8 unique selections. Here’s how it all works:

Goliath Bet Explained

A Goliath bet is a type of ‘Full Cover Bet’, bets which are intended to help punters wishing to cover all available multiples when betting on more than one selection. Multiple bets can be placed for each of the selections to win, in other words backing two to win is a ‘win double’, three to win is a ‘treble’ and so on.

Gamblers may back as many selections as they like in what in normal terms is coined as an ‘accumulator bet’, though all selections would have to win for this type of bet to be successful.

The Goliath involves 8 individual selections, so even if a few of them go awry you will still be in for some sort of return on your investment.

Betting sites that offer goliath bet

Online Bookmakers Bookmaker's Promotion Amount Bet Now
Open Account Offer

Bet £10 & Get £50 in Free Bets for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.

£50
Get a Free Sports Bet up to £30

New Customers Only. Min Deposit: £/€10. 3.1 x wagering at odds of 1.75+ to unlock Free Bet. 4.Credit Card, Debit Card & PayPal deposits only 5.Additional Terms Apply

£30
Bet £10 and get £30 in free bets

New online customers only, min £10/ €10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply.

£30
Bwin first deposit bonus

New customers only. Max one £10 free bet, qualifying bets must be placed at odds of 2.0(1/1) or greater, paid as bonus token with min odds reg, t&c apply

£10
Bet £5 Get £20 Free Bet

18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply.

£20
Sportingbet £15 Back-up Bet

Min deposit £10, Max stake £15, Min Odds 1/1 (2.0); Max free bet £15; New players only; +18; T&Cs - If a player loses their first bet (on minimum odds of 2.0), we will offer a matching free bet (of up to £15). - Neteller and Skrill excluded.

£15

How Many Bets Are There In A Goliath Bet?

8 selections are needed for a Goliath, with the bet broken down as follows:

28 doubles
56 trebles
70 fourfolds
56 fivefolds
28 sixfolds
8 sevenfolds
1 eightfold

This makes a total of some 247 bets with plenty of wiggle room should a couple of selections let you down. Much in like the various ‘lucky’ bets, i.e. Lucky 15, Lucky 63 etc, most bookmakers will also offer bonuses for a certain number of wins in a Goliath bet.

How Does A Goliath Bet Work?

When betting online, it’s as easy as can be to play a Goliath. As soon as you have picked out 8 selections the option will appear in the multiples section to place a Goliath bet.

It’s always key to remember that when entering your stake, this will be your single unit amount. This amount is multiplied by the amount of possible bets in the selection, in this case 247, so in other words if you play a 10p Goliath the total amount you bet will be £24.70.

Should 5 of your selections be successful and 3 of them unsuccessful, then your returns will be based on:

5 x winning singles
1 x fivefold
10 x winning doubles
10 x winning trebles
5 x winning fourfolds

These would normally yield a pretty decent return, even at 10p per line and the returns may also be boosted by bookmaker bonuses too.

A bet costing 247 times the unit stake will usually be difficult to make a profit from, but getting more than half of the selection right can on occasion offer a pretty juicy return.