There are a lot of different bets when it comes to online sports betting but one of the most commonly used ones is the Lucky 15 bet. What is it exactly and why is it popular among punters? Read on to find out.
What is It?
The Lucky 15 Bet is a kind of bet that is typically used in the horse racing community. This is basically a combination bet where you select four different horses that you think would win a particular race. The bet is called as such because there is a total of 15 bets: 4 singles, 6 doubles, 4 trebles, and a 4-fold accumulator. If you become quite lucky and all of the bets are in order, you will be given a hefty reward.
The beauty of this bet and why it has become quite popular in the community is that even if you lose one of your bets, the bookies will still give you certain bonuses to help entice you to keep on betting.
For instance, if you lost one bet, you will still be eligible to get the maximum payout, provided that you do indeed win 14 of your other bets as well.
Although the Lucky 15 bet can be used pretty much on any sports, it is mainly used in the horse racing community.
Another reason why this is a popular type of bet is that you are guaranteed some earnings if one of your selections does win the race.
The downside? The bets that you are going to put in cost much higher than a regular bet. But, this is understandable considering the earning potential (assuming that you are lucky and are winning all of your bets, that is).
So, How Do You Place a Bet?
Essentially, all sports betting websites should provide you with the avenue of placing a Lucky 15 Bet. However, you will mostly see this only on horse races so if you are trying to place this particular bet on other sports, you might be out of luck.
You can actually place a bet on your local street bookmaker as well, but only conduct business with legitimate entities and no one else.
Even if you are placing 15 bets and although it may seem complicated at first glance, it is actually not. Just bear in mind that a good strategy coupled with some luck will ensure victory on your part.