Lucky 15 Bet- What is a Lucky 15 Bet in Horse Racing? [2024] πŸ‡πŸΏ

A Lucky 15 bet is made up of 15 wagers of equal value on four different events: four singles, six doubles, four trebles, and one four-fold accumulator. We explain how it works, as well as the benefits and cons. You simply need one selection to win in a Lucky 15 to obtain a return. The doubles, trebles, and four-folds assure that your returns can skyrocket with each successive victory. It is the most popular bet among horse racing bettors.

lucky 15 bet

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How does a Lucky 15 work? πŸ€”

The 15 bets of a Lucky 15 cover your four selections as follows:

PartSelectionsNumber of bets
Singles1, 2, 3, 44
Doubles1+2, 1+3, 1+4, 2+3, 2+4, 3+46
Trebles1+2+4, 1+3+4, 2+3+44
Four-fold1+2+3+41
Total15

Why should I gamble on the Lucky 15 Bet?

If you have four selections in different events that you think will win, a Lucky 15 covers all the multiple possibilities (doubles, trebles, and four-fold) and adds the insurance of four singles if only one selection comes in.

Is there a disadvantage to a Lucky 15 Bet? β›”

The biggest disadvantage of a Lucky 15 bet is that each of the 15 bets has the same stake (the unit stake). This implies you won’t be able to personalise your staking based on which of your options you prefer the most.

Another option is to add all of the bets separately on your betting slip. This would allow you to bet more on singles and multiples including your most fancied options and less on those containing less likely selections.

How to Calculate Lucky 15 Bet Winnings πŸ’°

Using our Lucky 15 bet calculator is the simplest method to figure out how much you stand to win. To figure it out for yourself, take the following steps:

  • Convert fractional odds to decimal odds if you have them. Divide the fraction’s top number by the fraction’s bottom number and add one to your result. (For instance, 2/1 becomes 3.0, and 9/4 becomes 3.25.)
  • For single bets, the decimal odds multiplied by the stake equals the return (including stake)
  • Doubles: a choice 1 odds x choice 2 odds equals return (including stake)
  • Trebles: a choice 1 odds x choice 2 odds x choice 3 chances = return (including stake)
  • Fourfold: selection 1 odds x choice 2 odds x choice 3 odds x choice 4 odds equals return (including stake)

One lucky winner will receive a Lucky 15 Bonus πŸ€

When placing a Lucky 15 wager, it can pay to shop about, as some bookies will offer bonuses of up to three times the odds if you only score one victory out of your four picks.

In our guide to the best horse racing betting sites in the UK for 2020, find out why we recommend Betfred.

How does a Lucky 15 work in both directions? πŸ”„

An each-way Lucky 15 is a Lucky 15 where all of the bets are each-way bets. This means it has 30 bets in total, and the total stake for an each-way Lucky 15 is double that of a conventional Lucky 15.

The premise behind an each-way Lucky 15 is that you will receive a return not just for every horse that wins, but also for every horse that places.

Most bookmakers pay around one-fifth of the win odds for the place portion of horse racing each-way bets. This means that a Β£1 each-way bet (costing Β£2) on a 5/1 horse would pay out at evens if the horse placed, resulting in a return of your Β£1 profit plus the Β£1 stake returned for the winning place bet.

As a result, having selections where the each-way place payoff is greater than your original investment makes sense.

What exactly is the distinction between a Lucky 15 and a Yankee? βš–οΈ

The Lucky 15 bet is the ‘full coverage’ variation of the Yankee bet. Yankees include six doubles, four trebles, and one four-fold, but not the four singles. A Β£1 Yankee will set you back Β£11.

If you have four short-odds picks, a Yankee may be a better multiple than a Lucky 15, given the rewards on each single bets may be insignificant.

Step-by-Step Instructions for Using the Lucky 15 Bet Calculator πŸ‘¨β€πŸ’»

Let’s utilise the Lucky 15 calculator to calculate a bet’s winnings. We won’t be betting each way, but you can include that in your calculations here if necessary.

  • Select the outcomes of the four races – and the odds of your horse
  • Β Confirm whether there are any bookmaker incentives connected to this bet
  • Β Select whether your stake is per bet or combined – and what that stake is

Your entire outlay, return, and profit are automatically calculated.

If you chose your horses at 1/1, 1/1, 5/2, and 10/1 and they all won on a Β£1 per bet investment, your total outlay would be Β£14, your total return would be Β£485 and your total profit would be Β£470.

If all of the details remained the same, but your 10/1 horse lost, your total outlay would remain at Β£15, but your total returns would be Β£39.50, and your total profit would be Β£24.50.

What Are the Benefits of Placing a Lucky 15 Bet? πŸ™Œ

The Lucky 15 has the advantage of greatly diversifying the risk of a single selection losing within a multiple wager. When only one selection fails to win, you lose the accumulator. If you’re more certain that the majority of your picks will win, a Lucky 15 will boost your chances of making a profit. Furthermore, one advantage of the four single bets is that it is a greater investment, higher payout bet. The drawback of a Lucky 15 bet, from a different standpoint, is the required stake. The cost of placing a Lucky 15 with 15 bets might be very significant. You must decide whether the enhanced likelihood of winning is worth the higher stake.

Advantages of a Lucky 15 Bet βœ…

A Lucky 15 bet is putting 15 wagers on four different options. As a result, a Β£1 win-only Lucky 15 wager would cost a total of Β£15. The amount earned from a Lucky 15 wager is determined by the number of winning selections and the odds of each one. Because a Lucky 15 bet consists of single wagers, a refund on the bet is only required if one of the four selections wins. However, it is exceedingly unlikely that the original investment will be covered if only one option wins. There are four singles, six doubles, four trebles, and a fourfold accumulator among the 15 bets. The figure below depicts a win-only Lucky 15 bet and each of its bets. Bets 1 through 4 are all singles. The doubles are made up of bets ranging from $5 to $10. The trebles are the bets from 10 to 14. The accumulator is the 15th and final bet.

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Karina Peterson
More than 15 years in the gambling industry, working for the big players in the affiliation market. I won't name them, you know them. Also I enjoy seeing a new project taking life and expanding like this one.