What is a Lucky 31 Bet? Fully Explained

If you’re a keen bettor, you need to know about Lucky 31 bets! This interesting type of bet is popular and potentially lucrative, and it could be your next great wager when you visit a top online bookmaker to bet on your favourite sports.

Today, we’re going to tell you everything you need to know about Lucky 31 betting, including what it is, how to use it, and the various pros and cons of this betting strategy.

So, without further ado, let’s get down to business. 

Lucky 31 Bet Explained 

When you place a Lucky 31 bet, you are essentially placing 31 separate bets on five different selections.

This bet type includes a mix of singles, doubles, trebles, four-fold accumulators, and one five-fold accumulator. The appeal of a Lucky 31 bet lies in its wide coverage, providing multiple chances for a return even if not all selections win.

Here's a breakdown of the different types of bets included in a Lucky 31:

●    5 Singles: Each selection is backed individually. You will get a return if at least one of your five selections wins

●    10 Doubles: Each combination of two selections. You will get a return if at least two of your selections win

●    10 Trebles: Each combination of three selections. You will get a return if at least three of your selections win

●    5 Four-fold accumulators: Each combination of four selections. You will get a return if at least four of your selections win

●    1 Five-fold Accumulator: A single bet on all five selections. You will get a return if all five of your selections win

How does a Lucky 31 work?

Understanding how a Lucky 31 works means knowing how payouts are calculated for each of the 31 bets:

●    Singles: The payout for each single bet is straightforward. If one of your selections wins, you receive the odds for that selection multiplied by your stake

●    Doubles: Here, the payout for a double bet is calculated by multiplying the odds of both winning selections and then multiplying by your bet amount

●    Trebles: The payout for a treble bet is calculated by multiplying the odds of all three winning selections and then multiplying by your stake

●    Four-fold accumulators: Here, the payout is calculated by multiplying the odds of all four winning selections and then multiplying them by your stake

●    Five-fold accumulator: The payout for the five-fold accumulator is the highest potential return, calculated by multiplying the odds of all five winning selections and then multiplying them by your stake

The great thing about Lucky 31 bets is that they offer a combination of individual and multiple bets on five selections, increasing your chances of winning something even if not all your selections come through.

The more selections that win, the higher your overall payout will be. This structure makes the Lucky 31 bet a favourite among punters looking for both flexibility and the potential for significant returns.

Example of a Lucky 31 Bet

Let's break down a Lucky 31 bet with five football match selections and a £1 stake per bet as an example.

Here are your selections and odds:

●    Team A to win at 2/1 (3.00)
●    Team B to win at 3/1 (4.00)
●    Team C to win at 4/1 (5.00)
●    Team D to win at 5/1 (6.00)
●    Team E to win at 6/1 (7.00)

A Lucky 31 bet covers 31 different bets: 5 singles, 10 doubles, 10 trebles, 5 four-fold accumulators, and 1 five-fold accumulator, totalling a £31 stake.

Now, here's a brief overview of potential payouts:

●    Singles: If only Team A wins, you get £3 (3.00 x £1)
●    Doubles: If Teams A and B win, you get £12 (3.00 x 4.00 x £1)
●    Trebles: If Teams A, B, and C win, you get £60 (3.00 x 4.00 x 5.00 x £1)
●    Four-folds: If Teams A, B, C, and D win, you get £360 (3.00 x 4.00 x 5.00 x 6.00 x £1).
●    Five-fold: If all five teams win, you get £2520 (3.00 x 4.00 x 5.00 x 6.00 x 7.00 x £1).

For example, if Teams A, B, and C win, you would receive:

●    Singles: £3 + £4 + £5 = £12
●    Doubles: £12 + £15 + £20 = £47
●    Treble: £60
●    Total payout: £119 from a £31 stake.

Pros of Lucky 31 Bets

Now that you understand ‘what is a lucky 31 bet’, it’s time to take a look at some of the advantages of this type of bet:

●    Increased chances of winning: With 31 different bets covering various combinations, even one correct selection ensures a payout

●    Potential for high returns: If multiple selections win, the combined payouts from singles, doubles, trebles, and accumulators can be substantial

●    Flexible betting strategy: Provides multiple ways to win, reducing the risk associated with relying on a single bet

●    Encourages research and analysis: To maximise returns, bettors often research and analyse selections thoroughly, improving overall betting skills

Cons of Lucky 31 Bets 

As with everything, Lucky 31 bets also come with some potential drawbacks. These include:

●    High initial stake: Requires a total of 31 bets, making the initial stake higher compared to single or simpler multiple bets

●    Complex calculations: Understanding potential returns and managing the bet can be complex, especially for beginners

●    Risk of small returns: If only a few selections win, the returns might not cover the initial stake, leading to a potential loss