A Lucky 31 is a type of full cover bet that gives you every possible permutation of wagers from five selections, resulting in 31 bets from singles up to a full accumulator. We’re going to explore what is a Lucky 31 bet, showing you exactly how they work.
As we said in our introduction, a Lucky 31 is one of the full cover bet types with five selections. Every possible permutation of these five selections is covered, including singles, doubles, trebles, four-folds and finally a five-fold accumulator.
Here’s the breakdown of how many different types of bet are in a Lucky 31.
We’re now going to give you an example of a Lucky 31, featuring real odds and go through a couple of different scenarios, that demonstrates how much you can win from this combination bet.
To keep things simple in this example, we’re going to have a unit stake of £1. As there are 31 bets in a Lucky 31, this works out as 31 x £1 = £31.
Our five selections have the following betting odds – 1/1 (2.0), 6/4 (2.5), 2/1 (3.0), 5/2 (3.5) and 3/1 (4.0).
Let’s imagine that only a couple of the selections are winners. If they were the two with shortest odds, these would be your returns.
So of the 31 bets, three were winners and 28 were losers. The total returns were £9.50 from a £31 stake, which means that you have had a £21.50 loss.
If the two biggest priced selections of 5/2 and 3/1 were the winners, the total return would be £21.50, resulting in a £9.50 loss. So you can see that you either need some bigger priced selections than the ones from our example, to break into any sort of profit when you only have two winners.
Were there to be three winners, at say 1/1, 2/1 and 3/1, the total return would be £59, giving you a £28 profit.
If we had four winners at 1/1, 6/4, 2/1 and 5/2, with only the 3/1 shot losing, the return would be £188, which would give you a £157 profit.
You are probably wondering what happens if all five selections are winners. The return would be £1132.80, with a profit of £1101.80. As you will have noticed there are big leaps between the sort of profit that you can make, from three correct picks upwards.
Football is the sport which betting sites really push to their users. Out of all bet types, punters particularly like to place multiple and acca bets, so Lucky 31 betting is a popular choice for those wagering on the beautiful game.
As you will have seen from our example, you need reasonably large odds or a high percentage of winners, to generate a profit with a Lucky 31. Picking five teams that are favourites, to win their respective matches, would therefore be a high-risk strategy.
Ideally, you would want at least some selections to feature larger odds. Goalscorer markets and correct scores are a couple of examples of football betting markets that tend to feature big prices. With football a sport that has a packed schedule, there are constant opportunities to place a Lucky 31, giving you extra interest in the afternoon or evening results.
The sport where a Lucky 31 is most commonly placed is horse racing. Unlike in football, even a hot favourite in horse racing, tends to be odds-against, making the sport extremely suitable for this type of full cover bet.
Every day there is a full schedule of horse racing meetings from the UK, Ireland and across the world. You can place a Lucky 31 racing bet with selections from just one meeting, which really adds to the fun if you’re attending the races.
A Lucky 31 comes into its own for big horse racing events such as the Grand National at Aintree, Royal Ascot or the Cheltenham Festival. The quality of the races in these events are top notch and feature the best horses and jockeys around. There are exactly five non-handicaps on the first day of the Cheltenham Festival and on the first, second and fifth days of Royal Ascot.
An each way bet is essentially two wagers. One bet goes on the selection to win, while the other goes on it to place.
So if you place an each way Lucky 31, that means that the number of bets are doubled. Instead of the regular 31 bets, there are actually 62. There’s a regular Lucky 31 based on the winners and then another, based on the place markets.
As you will have noticed from our earlier example, if the odds are too low for a Lucky 31, you need a lot of winners to turn a profit. It’s therefore important to check the place terms against the odds of your selections, to ensure that the odds on the place side of the each way Lucky 31, are not too slim.
With betting on horse racing, where the odds of runners can be pretty big, an each way Lucky 31 can make a lot of sense. Pick your selections carefully and both sides of this full cover bet can make you a profit and if things don’t quite go as planned, the place side could at least see you break even.
As is the case with most things in life, there are pros and cons of a Lucky 31. Here are the benefits and potential drawbacks, as we see them.
With the results of 31 different bets to consider, a Lucky 31 is not the sort of wager that you want to be working out in your head. No matter how good you are at maths.
Fortunately, our Lucky 31 free bet calculator is available, which makes calculating your potential returns a breeze. With the staking and the odds of the selections being an important consideration, you can play around with different combinations and see what you stand to win, or lose, with different scenarios.
Five selections is the magic number when it comes to a Lucky 31 bet meaning that it won’t always be the best choice for you. Here are some alternative types of full cover and system bets.
Now that we’ve explored the topic of what is a Lucky 31 bet, you may be looking to place one of your own. Follow these strategies to increase your profitability.
With UK bookmakers often having a focus on horse racing betting and football, you are spoilt for choice as to where to place a Lucky 31 bet. Of all our recommended betting sites, we think that Betfred are a good choice for a Lucky 31, as it offers in-depth coverage of horse racing, football and many other sports.
Just go to a betting site, open an account if you need to and deposit some funds. Click on the odds of the five selections that you want to include and then select the Lucky 31 option. Add your unit stake, check the bet and confirm.
A Lucky 31 can be a good bet, but with 31 separate wagers involved, it is important to get your level of staking right and have selections with big enough odds, to make this full cover bet worthwhile.
If there are five separate bets that you fancy to win, then a Lucky 31 makes a lot of sense. It covers every different permutation, from singles, right up to a five-fold acca.
A Lucky 31 is a worthwhile bet as long as you strike a balance between your staking and the odds of your selections. Ideally, you want to be able to break even or have just a small loss, if only a couple of your picks are winners.
A Canadian is a system bet with five selections that covers every permutation from doubles upwards to a five-fold, which is 26 bets in all. A Lucky 31 is a full cover bet and therefore also includes singles on the five selections, taking the total number of bets to 31.
Yes, you can place an each way Lucky 31. It essentially gives you one Lucky 31 based on the winners and another based on the selections placing. With this type of system bet containing 31 separate wagers, when you go for the each way option it doubles to 62.