Online Sports Betting: Combination Betting
In the world of online sports betting there are many different betting strategies that punters use to reduce their losses and maximise their winnings. For most punters though, combination betting is safe and simple way to predictably bring in some sort of profit.
In essence, it is all about creating coverage and reducing the risk. For example, if you plan on spending $100 at a sports betting site on a day of horse racing, you could put the whole lot on a single horse to win or place in one race. If the horse does win, you would be sitting pretty, however, there is a significant chance your runner will not be the first past the post.
What are Combination Bets?
Instead of putting the entire $100 on one horse, you could spread your stake over 4 different wagers at $25 each. If each of the 4 has odds of at least 4/1 or higher, you will make a profit if just 1 were to win. Similarly, you could split your total stake over 6 different bets at online sports betting sites with odds of 6/1 or higher. This would spread out the risk even more, and still guarantee a profit if just one prediction was successful.
Creating Coverage and Reducing Risk
This is the main concept behind combination betting; to reduce the overall risk and create the maximum amount of coverage. The downside of this is the payouts are much lower than what you could get if you combined it with an accumulator. With accumulators though, if any one of the selections fails, all is lost.
These bets very rarely consist of just singles. In most cases, they incorporate doubles, trebles and multis to extend the coverage. The best sports betting brands offer a wide range of combos that have their own names. The most popular of these is the Trixie.
Trixies and Yankees
A Trixie consists of 3 selections, with 4 bets. This includes placing 3 doubles and 1 treble. Another popular combination is the Yankee. This is a slightly larger one, with 11 wagers in total, across 4 selections. With a Yankee, punters place 6 doubles, 4 trebles and 1 bet on a 4x accumulator.
Heinz and the Goliath
For anyone just getting into this type of betting it is best to start out with singles, Trixies and Yankees. If you want to extend your repertoire, you could go to the more complex options such as the Heinz or the Goliath. With the Heinz you are placing a total of 57 wagers across 6 selections. This includes 15 doubles, 15 four-folds, 6 five-folds and 1 six-fold bet.
The Goliath is the largest and most complicated of all the different online sports betting combination bets. With this option, you are placing a total of 247 wagers across 8 selections. This includes 70 four-folds, 56 trebles, 56 five-folds, 28 doubles, 28 six-folds, 8 seven-folds and 1 eight-fold bet.
It may sound complicated at first, but if you sign up with any of the best sports betting brands we recommend, you’ll fast learn how to maximise your profit potential.