Horse racing is a popular sport that has been around for centuries. It is a sport that involves betting on the outcome of a race, with various types of bets available. One of the more popular types of wagers is a Goliath bet, which is a multi bet that can involve up to a staggering 8 selections across a range of different races. In this article, we’ll take a look at what a Goliath bet is, how to place one, and the different types of bets that can be included.
What is a Goliath Bet?
A Goliath bet is a type of multi bet – also known as a parlay bet – that involves up to 8 selections across different races. It is one of the most complicated wagers you can place, as each selection must win in order for the bet to be successful. However, the potential winnings can be quite considerable and it is one of the most popular wagers amongst punters.
How to Place a Goliath Bet
If you are considering placing a Goliath bet, then you need to first choose which races you want to bet on. You need to make sure that you have a clear understanding of the form of each horse in the race, and then select the horse you think will win. You can also place a combination bet, which involves selecting multiple horses in the same race.
Once you have made your selections, you need to decide how to place your bets. Each selection must be placed on a separate line, with each line having a specific stake. The total stake for the Goliath bet is calculated by multiplying the stake for each line together. For example, if you have 8 selections and each line is staked at £2, then your Goliath bet will be a total of £256.
Types of Bets Included in a Goliath Bet
A Goliath bet can include a variety of different bets, depending on your preferences. These include:
Win Bet: This is the most common type of bet, and involves selecting a horse to win the race outright. If the horse you select comes first, then you will be paid out your winnings.
Place Bet: This is a bet on a horse to come first, second or third in the race. This is a good option for those who are unsure of the outcome of the race, as you have a better chance of winning the bet.
Each-Way Bet: This is a combination of a win and place bet, and involves selecting a horse to come first, second or third in the race. If your horse comes first, then you will win both the win and place bet.
Accumulator Bet: This is a type of bet that involves selecting multiple horses in the same race. If all of the horses you select come first, then you will win the bet.
Forecast Bet: This is a bet on two horses to come first and second in the race. If the two horses you select come first and second in the correct order, then you will win the bet.
Tricast Bet: This is a bet on three horses to come first, second and third in the race. If the three horses you select come first, second and third in the correct order, then you will win the bet.
Advantages of Goliath Bets
Goliath bets have a number of advantages that make them an attractive option for punters. The biggest advantage is that they can offer huge potential winnings, especially if you are lucky enough to win all of your selections. This means that you can make a good return on your investment if you get your bets right.
Another advantage of Goliath bets is that they can be quite easy to understand. As they involve multiple selections across different races, they can be easier to keep track of than a single bet. This makes them a great option for those who are new to horse racing betting.
Disadvantages of Goliath Bets
Despite their advantages, Goliath bets also have some disadvantages that you should be aware of. The main disadvantage is that you need to win all of your selections in order to be successful. This means that you’re risking a large amount of money on one bet, and if any of your selections lose then you will lose your entire stake.
Another disadvantage is that Goliath bets can be quite expensive to place. As each selection must be placed on a separate line, the total stake for the bet can quickly add up. This means that you need to make sure you have enough money to cover the full stake if you are going to place a Goliath bet.
Conclusion
Goliath bets are a popular type of wager in horse racing that involve up to 8 selections across different races. They can offer huge potential winnings, but they are also risky as you need to win all of your selections in order to be successful. It is important to understand how to place a Goliath bet and the different types of bets that can be included before you decide to place one.