• Skip to content
  • Skip to primary sidebar

Top10BettingSites.co.uk

  • Home
  • Offers
  • New Sites
  • Football
  • Horse Racing
  • Articles

How to Work Out the Payout for a Full Cover Bet (Eg: Lucky 15)

Lucky 15 BetslipWhile it’s relatively straightforward to calculate your payout on a bet – you can read our separate article about that – things become slightly more tricky when we consider full cover bets like Lucky 15, Patent and so on.

For the uninitiated, these are bet types where you put together a multiple-leg coupon, and your winnings are calculated based upon how they fare.

The fun thing about cover bets is that you don’t need all of your selections to win to guarantee a return, but the specific payout you get is determined by how many do win and how much you have staked.

How to Work Out the Payout for a Lucky 15 Bet

Bet Calculation Lucky 15

The calculation to work out how much your Lucky 15 bet will payout is essentially the same as any other full cover wager – the only difference is the number of legs and your total stake.

For a Lucky 15, we know that we are backing four selections and all of the various combinations of bets, namely:

  • Singles x4
  • Doubles x6
  • Trebles x4
  • Accumulator x1

To calculate our return, we can turn our fractional odds to decimal and multiply them together in their various combinations.

Let’s say we have four selections: Red Rum (2.00), Desert Orchid (2.50), Frankel (3.00) and Tiger Roll (3.25), with a £1 stake on each leg (total outlay of £15).

They all win, and so our calculation is straightforward:

  • Singles x4: £2.00 + £2.50 + £3.00 + £3.25 = £10.50
  • Doubles x6: all doubled combinations of our odds multiplied = £42.88
  • Trebles x4: all trebled combinations of our odds multiplied = £75.13
  • Accumulator x1: all odds multiplied together = £48.75

Add all that lot together and you get a total of £177.50, which minus our £15 stake yields a net return of £162.50.

You can calculate what happens if only two of your four selections win. Let’s say that Desert Orchid (2.50) and Frankel (3.00) win for us:

  • Singles x4: £2.50 + £3.00 wins – £2 in lost stakes = £3.50
  • Doubles x6: (2.50 x 3.00 = £7.50) – £5 in lost stakes = £2.50
  • Trebles x4: £4 in lost stakes = -£4.00
  • Accumulator x1: £1 in lost stake = -£1.00

So it’s an overall loss in this situation, returning £6 of the £15 staked.

Calculating Lucky 15 Bonus Payouts

BonusThese days, many bookmakers offer two different types of bonus on Lucky 15 and other full cover bet types.

The first is where just one of your selections wins. A handful of bookies will multiply your odds on that particular pick – perhaps 2x or 3x the odds for a Lucky 15. Of course, you will still be operating at a loss when all of your lost stakes are added into the mix, but this is a nice consolation prize nonetheless.

So, if in our example Frankel was our sole winner at 3.00 with a double-your-odds offer, we’d actually get paid out at 6.00 – so £5, in this case, which means we would lose £10 overall rather than £15.

The second type of bookmaker bonus for cover bets is the percentage extra that is offered for all four selections winning. This ranges from one bookie to the next, but generally speaking 10% is a useful guide.

So let’s apply that to our example again. As you will recall, our Lucky 15 – when all four selections landed – netted us a total return of £177.50. So now all we need to do is work out 10% of that, which we know is £17.75.

So, we bank £17.75 in bonus cash, which to go with our expected return of £177.50 creates a total payout of £195.25.

Primary Sidebar

Bookmaker Reviews

  • 10bet
  • Betfair
  • Betfred
  • BetVictor
  • Betway
  • ComeOn
  • Coral
  • Ladbrokes

Football

  • Football Betting Sites
  • Football Bets
  • Football Betting Rules
  • Abandoned Matches
  • Football Betting Strategy
  • Expected Goals
  • What are Booking Points?
  • Own Goals
  • Regular Time, Injury Time, & Extra Time
  • Draw No Bet & Double Chance
  • What Does Over/Under .5 Goals Mean?
  • Both Teams to Score Betting
  • Shots on Target
  • Home Advantage
  • What Does Win Both Halves Mean?
  • Aggregate Wins and Your Bet
  • Scoring From Throw Ins, Corners, Goal Kicks
  • Goal Difference
  • Offside Betting
  • Football Acronyms
  • Asian Goal Line
  • Football Markets with the Lowest Margin
  • Player Doesn't Play
  • Bet Not to Score
  • Bet on Cards in Football
  • First Goalscorer Each Way
  • What is VAR?
  • Betting on Goalkeeper Saves
  • Sack Race and Next Manager
  • Multi Goal Betting
  • What is Team Performance?
  • Betting on Tackles

Horse Racing

  • Horse Racing Betting Sites
  • Horse Racing Bets
  • Horse Racing Betting Rules
  • Grades, Racecards & Form
  • Handicapping
  • Steamers and Drifters
  • Best Odds Guaranteed and Starting Price
  • Horse Racing Strategy
  • Forecasts, Reverse Forecasts & Exactas
  • Tricasts, Combinations, and Trifecta Bets
  • What is Draw Bias?
  • Obstacles in Racing: Fences & Hurdles
  • Headgear in Horse Racing
  • All Weather Racing
  • Back to Lay
  • Amateur Jockeys
  • Places Betting
  • Fell, Pulled Up, Brought Down & Unseated Rider
  • What Does Refused Mean?
  • Horse Breeds Used for Racing
  • Forecast vs Exacta
  • Tricast vs Trifecta
  • Official Ratings
  • No Horses Declared
  • Final Declarations
  • Non Runners
  • Racing Acronyms
  • Non-Runners in a Forecast or Tricast
  • Bet on Long Shot or Favourite?
  • Lowest Margin Horse Racing Markets
  • Betting on Horse Racing In Play

Greyhound Racing

  • Greyhound Racing Betting Sites
  • Greyhound Bets
  • How Many Greyhound Tracks Are There in the UK?
  • The Greyhound Derby
  • Trap Challenge Betting Rules
  • Greyhound Betting Rules
  • Greyhound Hares

Tennis

  • Tennis Betting Sites
  • Retirement Rules for Tennis Betting
  • Tennis Disqualification Rules
  • Tennis Bets
  • Tennis Handicap Betting
  • Total Games
  • Match and Serve Dominance
  • Set Betting

Golf

  • Golf Betting Guide
  • Improve Your Golf Betting
  • Golf Bets & Bet Types
  • 2 & 3 Ball Betting
  • Who Will Make the Cut Betting
  • Each Way Golf Betting
  • First Round Golf Betting Markets

Articles

  • Betting Articles
  • Betting Exchanges
  • Ante Post Betting
  • Cash Out
  • In Play Betting
  • Accumulator Betting
  • Handicap Betting
  • Full Cover Bets
  • Betting Odds Explained
  • Request A Bet
  • Betting Strategy
  • Pools Betting
  • Which Betting Site Has the Best Odds?
  • What Happens if a Bookie Goes Bust?
  • High Street Betting Shops
  • Dormant Betting Accounts
  • Gambling License Suspension
  • Each Way Accas
  • What Does 'Evens' Mean?
  • Betting Limits, Payout Limits, Account Limits
  • Palpable Error
  • Void Bets
  • How Long Does it Take for a Bet to Settle?
  • Bet Referred to Traders
  • Calculating a Payout
  • Working Out the Payout Of Full Cover Bet
  • Suspended Betting
  • Implied Probability
  • Converting Fractional & Decimal Odds
  • Combination Forecast
  • Combination Tricast
  • Place Insurance
  • Official result
  • Match Fixing
  • Can you Edit a Bet?
  • Proof of Income
  • Odds On Meaning
  • Calculating the Margin on a Bet
  • Tote v Fixed Odds: Best Value
  • Both Teams to Win
  • Each Way Betting: Is it Worth it?
  • Accumulators and Bookie Margin
  • What is Closing Line Value?
  • Hedging Your Bets
  • Bet Boosts
  • Best Odds Guaranteed vs Price Promise
  • How are Dead Heats Settled?
  • Betting Without
  • Betting on More than One Horse (Dutching)

Betting Site Questions

  • Betfair: How to Change Between Decimal and Fractional Odds
  • Ladbrokes: How to Change to Decimal Odds

Copyright © 2023 · Top10BettingSites.co.uk · 18+ Please Gamble Responsibly (BeGambleAware.org & Gamstop.co.uk)