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What is a Heinz Bet?

Heinz is a multiple bet that consists of six selections and 57 bets in total. It includes doubles, trebles, four-folds, five-folds and a six-folds. Ultimately, having the stake spread across numerous types of bets gives you more chance of a return.

In addition to offering more opportunity to win, it will cost you more on the stake. For a chance of winning a profit, you will need to have a minimum of two selections that win.

Where does the name come from?

The name Heinz makes you think of the sauce and food company. You’d be right to think of that, this bet was named after them. Heinz often treat the number 57 as a lucky number and due to this bet having 57 legs, it was appropriate to name it a Heinz bet.

Heinz Bet Explained

Like many multiple bets, the Heinz bet provides a range of bet types. It’s a common horse racing bet type but can also be used for other sports. Even though you only make six selections, the Heinz bet will spread the stake across 57 bets.

Heinz bet consists of:

  • It entails six selections
  • Spread over 57 bets
  • Known as a full cover bet

When placing a Heinz bet you will be betting on 15 doubles, 20 doubles, 15 four-folds, 6 five-fold and 1 six-fold accumulator.

To be able to enjoy a win from this bet, you will need a minimum of two picks to win. There are no single bets, meaning that you need more than one to be correct. Even if two are correct, you may not profit. It depends on the odds.

How Can You Work This Out?

Bets of this nature can be difficult to calculate. The best way to calculate the winnings that you have earned, is to use an official bet calculator.

The highest return will match that of a six-fold accumulator. The difference is, when you place an accumulator, just one wrong prediction will cost you the return. A Heinz bet requires a bigger stake but if some bets do not win, you may still enjoy a good return.

Overall you will win more due to the add-on bets that extend further than just an accumulator.

How to Place a Heinz Bet

Don’t be put off by the number of bets. Despite there being 57 bets and six selections, it’s a simple bet to place.

Follow these easy-to-follow steps:

  1.     Find the bookmaker with the best odds, we have already displayed offers and online bookies on some of our other pages.
  2.     Choose six betting selections and results that you wish to predict.
  3.     Then pick multiple bet options and select the stake for a Heinz bet.

It is that simple. You will often have the option to click into the Heinz bet box and input the stake. If you have any issues, then simply contact the bookmaker’s live chat.

Examples

Displaying an example of this bet isn’t simple. You need at least two bets to win, for you to get a return. Here, we show you an example of profits. We do this with a fictional horse racing bet that we have placed, merely to show you how it works.

Each horse is priced at 2.00.

  • 0 selection wins – £0 return with a profit of -£57
  • 1 selection wins – £0 return with a profit of -£57
  • 2 selection wins –  £8 return with a profit of -£49
  • 3 selection wins –  £56 return with a profit of -£1
  • 4 selection wins –  £304 return with a profit of £247
  • 5 selection wins – £1552 return with a profit of £1,495
  • 6 selection wins – £7,300 return with a profit of £7,243

This shows you how you can win on some selections, yet still be at a loss. Try to calculate the potential winnings using a bet calculator.

Can I Do An Each Way Bet?

If you’re betting on racing, then it’s possible to place an each-way bet. This will then turn 47 bets into 114. If your horse places, then you still have a chance of winning a lesser amount, by placing an each-way, it will double the stake too.

Other Ways to Bet

See below for more options on how to bet on your favourite sports.

Summary

It adds an exciting element to betting, not only are you punting on a six-fold accumulator, but you are spreading the stake. This will allow you more chance to win! You could win huge amounts.

Be aware that this means that you will need to lay-down more. If you put a £1 stake in then it will cost a total of £57.

Why not give the Heinz bet a go next time you’re browsing your favourite sportsbooks?