Goliath Bet Calculator

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Goliath Bet Calculator Explained

The Goliath is the crown jewel of combination bets when it comes to sheer complexity. It’s arguably the biggest bet most bookies offer as part of their standard sportsbook offer. So, how to calculate a Goliath bet, all things considered?

The only reasonable way is by using a bet calculator – everything else is too time-consuming and leaves too much room for error. You can find one of the best Goliath bet calculators right here on Betting Fellow. We’ve also thrown in a detailed guide on how to use it, as well as the basic principles of how Goliath bets work.

What is a Goliath Bet?

A Goliath is the biggest full-coverage combination bet you can find, which means that the name fits perfectly. It is based on 8 selections, which are then combined into every possible accumulator combination. If you know anything about how permutations work, it should be clear where this is going.

So, what does a Goliath bet consist of? A total of 247 separate bets. If you were wondering why we kept stressing the bet’s size, now you have the answer. Let’s take a look at the exact list of a Goliath bet’s constituents. Firstly, let’s name the 8 selections A, B, C, D, E, F, G, and H and see all the combinations. Do note: in order to keep this list from reaching ridiculous lengths, we’ll skip some parts of it – for example, there are 70 four-fold accumulators, and not all of the possibilities will be listed here.

28 Doubles: AB, AC, AD, AE, AF, AG, AH, BC, BD, BE, BF, BG, BH, CD, CE, CF, CG, CH, DE, DF, DG, DH, EF, EG, EH, FG, FH, and GH.

56 Trebles: ABC, ABD, ABE, ABF, ABG, ABH, ACD, ACE, ACF, ACG, ACH, ADE,ADF, ADG, ADH, AEF, AEG, AEH, AFG, AFH, …CFG, CFH, CGH, DEF, DEG, DEH, DFG, DFH, DGH, EFG, EFH, EGH, and FGH.

70 Four-fold Accumulators: ABCD, ABCE, ABCF, ABCG, ABCH, ABDE, ABDF, ABDG, ABDH, ABEF, ABEG, ABEH, ABFG, ABFH, ABGH, ACDE, ACDF,… BCDE, BCDF, BCDG, BCDH, BCEF, BCEG, BCEH, BCFG, BCFH, BCGH, BDEF,…CFGH, DEFG, DEFH, DEGH, DFGH, and EFG.

56 Five-fold Accumulators: ABCDE, ABCDF, ABCDG, ABCDH, ABCEF, ABCEG, ABCEH, ABCFG, ABCFH, ABCGH,… BCDEF, BCDEG, BCDEH, BCDFG,…CDEFG, CDEFH, CDEGH, CDFGH, CEFGH,and DEFGH.

26 Six-fold Accumulators: ABCDEF, ABCDEG, ABCDEH, ABCDFG,…BCDEGH, BCDFGH, BCEFGH, BDEFGH, and CDEFGH.

8 Seven-fold Accumulators: ABCDEFG, ABCDEFH, ABCDEGH, ABCDFGH, ABCEFGH, ABDEFGH, ACDEFGH, and BCDEFGH.

1 Eight-fold Accumulator: ABCDEFGH.

Besides realising what you’re getting yourself into, the most important thing about how a Goliath works you should be getting from this list is just how important every single selection is, although it might not seem that way at first. Selection A, for example, appears a total of 127 throughout all of these permutations, and so do all other selections. A single lost selection will thus mean that more than half of the bet fails.

Why Use a Goliath Bet?

So why make your life complicated with all of these moving parts? Good question, and not one that can be easily answered. To be frank, much of what the Goliath does, smaller full-coverage combination bets already do with considerably less hassle.

However, being based on the most selections, and thus featuring a lot of very long accumulators, Goliath bets have the best stake-to-profit ratio among their peers. Punters often say that it’s not merely its size that gives Goliath bets their name, but that it’s also a reference to the myth of David and Goliath. Just like David used a small stone to topple a giant, the idea here is to win a massive reward with a relatively tiny stake.

Of course, it’s debatable how small this stake is. Again, a Goliath bet consists of 247 separate bets, each of which has to have an equal stake for the system to work. Considering most bookies do not accept stakes lower than £0.1, the absolute minimum stake one can place on a Goliath is £24.7. This is not considered all that small by most punters, not to mention that it is questionable whether a £0.1 per bet is even worth bidding.

So, if the point is to win big with a small stake, why not just go with a straight accumulator? Here lies the true advantage of Goliath bets. Spreading your stake over so many different bets means that there’s a lot more room for error, but that you can also win even if one or more of your selections lose. Goliath, and full-coverage combination bets in general, have an entire spectrum of possible winning outcomes.

On the other hand, another major problem with Goliath bets is that all selections need to have odds of 2.00 or longer if you want it to make sense. Otherwise, the whole principle of winning even if almost half your selections lose won’t work.

How To Use the Goliath Bet Calculator

Due to the above-mentioned spectrum, figuring out all the possibilities of a Goliath bet would be a nightmare. Assuming the odds on all of the selections are different, there could be hundreds of different possibilities. That's why bet calculators were created. They allow you to easily figure out the returns on each of these, which in turn makes it easy to know if a Goliath bet has value or not.

To help you with using our Goliath bet calculator, we’ll go through the whole process step-by-step.

For starters, you need to specify whether your bet is each-way or not. Secondly, you also want to set the odds format to fit your personal preference – options include decimal, fractional, and US Moneyline. Also, you should set your stake. Note that it is not necessary to do this before dealing with the odds individually – you will be able to change your stake later and see how it affects the returns.

Step 3 would be to finally deal with the selections themselves. Copy the odds given by your bookmaker of choice into the corresponding fields.

All that remains to do is set which of your selections end up winning, and which ones don’t. For Goliath bets in football and many other sports, this is always a binary choice. However, Goliath bets in horse racing also have the possibility of ending in a Dead Heat, or maybe some horses were withdrawn before the start of the race. The calculator can deal with such situations as well, and can even take Rule 4 into consideration.

Goliath Bet Example

We’ve found that the best way to illustrate how a concept works is through a concrete example. This one will go a long way in explaining the different outcomes of a Goliath Bet and how a Goliath bet wins.

In the example, we’ll be using a selection of Bet365’s football betting odds. Even though Goliath bets usually go hand-in-hand with Horse Racing, a football 1X2 bet has only two possible outcomes, making our calculations much easier.

Furthermore, these selections were made for the same reason: they are easy to calculate. The Goliath we are about to talk about is easy to follow, and not necessarily good.

Now that that’s out of the way, let’s get into the selections themselves. These will be listed in order of the length of their odds, starting from the shortest.

Selection 1: Spanish Primera Liga game between SD Eidad and Levante UD. Home Win at 2.00.

Selection 2: Italian Serie A. The match is between Cagliari Calcio and Roma, and our bet is on an Away Win at odds of 2.00.

Selection 3: English Premier League matchup of Brighton vs. Crystal Palace. Our selection is for Home Win at odds of 2.10

Selection 4: Serie A, Atalanta vs. Lazio. Our pick is a Home Win at 2.20.

Selection 5: Premier League, Tottenham Hotspur vs. Wolverhampton Wanderers. Our bet is on the Spurs at odds of 2.30

Selection 6: UEFA Champions League match, Real Madrid vs. Manchester United. Our pick is an away win at odds of 2.40.

Selection 7: German Bundesliga I – Fortuna Dusseldorf vs. Hertha Berlin. We’ll bet on a home win at odds of 2.40.

Selection 8: France League 1, the match is between Brest and Angers. We’ll bet on Brest at odds of 2.50.

Now, let’s take a look at how these different odds and selections interact with each other to bring returns on different levels. To keep things easy to follow, we’ll assume the we are risking £1 per bet, which means that the full stake for the entire Goliath is £247.

Outcome 1 is the ideal one, in the unlikely event that every selection is a winner. The total return would be a spectacular £11901.59. Of course, it cannot be overstated just how unlikely an all-winner Goliath is with selection odds like these. It does nicely serve to illustrate the whole story about David and Goliath.

Outcome 2 would be if only 1 of our selections loses. Depending on which of them lost, the total return could range from £3389.45 (if selection 8 loses) to £3956.60 (if selection 1 loses).

Outcome 3 is if 2 of your selections lose, and 6 of them win. Total returns, in this case, would be somewhere between £ 987.72 and £ 1309.60. That’s quite a large difference, showcasing how important each selection is in terms of profits, even if there are 8 of them.

Outcome 4: £83.02 to £414.46. These are the returns with 3 losing selections. As you can see, the worst-case scenario here is that you manage to recoup your stake – with a small profit.

Outcome 5, if half of the selections lose, would result in a return of anywhere between £79.98 and £122.92. If more than half of the selections lose, you’re playing at a significant loss.

Outcome 6: 3 winners, 5 losers would generate a return between £20.80 and £32.16.

Outcome 7: only 2 winners would net you as little as £4.00, or up to £6.00.

Outcome 8: lastly, having 1 or 0 winning selections means a complete loss of your entire stake.

Goliath Bet FAQs:

How to place a Goliath bet?

Most of the world’s top online bookmakers and sportsbooks already have automatically placing Goliath bets as a site functionality. To do this, simply find the 8 selections you would want as part of your Goliath and put them all on your betting slip. After that, placing the selections as a Goliath should become one of the available options.

Do note that some betting sites, especially older ones, still only allow Goliath bets for horse racing. In such cases, we would recommend finding a bookie that dows. Manually putting down 247 bets would not be worth the effort.

How much does a Goliath bet cost?

We’ve briefly touched on this subject earlier in this Goliath betting guide: Goliath bets can’t be cheap. Most top online bookmakers do not allow stakes of less than £0.1 (or your regional currency equivalent) per bet, meaning that you can’t go below £24.7 for a Goliath bet. The maximum stake, of course, depends on the bookie. Of course, you’ll also have to keep the sportsbook’s maximum payout in mind; you don't want to end up winning an amount you can't withdraw. Remember to check the bookmaker's rules and regulations before making any high-rolling bets.

What makes a Goliath bet?

A Goliath bet is made up of 8 selections rolled into 247 separate bets - 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and an eight-fold accumulator. Check the “What is a Goliath bet?” section on this page for more detailed information.