A Lucky 31 is a type of bet named after the 31 components that it consists of. To break it down, a Lucky 15 is made up of five singles, ten doubles, ten trebles, five four-fold accumulators and just the one five-fold accumulator.
Now that you know what makes up a Lucky 31, when placing one, you are just having 31 bets across the five selections that you have picked. Therefore, if you were to have £1 on the Lucky 31, you would actually have a total stake of £31 as you would have a pound on each separate bet. If you win one selection from your Lucky 31, then you will see a return, however it’s never in reality going to cover your original stake with just a solitary winning selection. Simply put (and stating the obvious) the more selections that are successful, the greater your return will be.
Whilst again, it is true that you need just one selection to win in order to get a return, you will probably need a minimum of four of the five to win to take a ‘profitable’ return. In effect, it is only worth placing a Lucky 31 if you are highly confident all five of your picks.
A Lucky 31 can be placed each way, but again, your stake will be doubled as you are now placing 62 bets. If you were having £1 on your Lucky 31 each way, then your total stake would be £62 to cover all of the extra bets that are now included.
An example of a Lucky 31 and how it works
A Lucky 15 is a bet containing five selections, so let’s say you picked five horses as horse racing is probably the most popular sport concerned with these types of bets. If all five horses were priced at 5/1 and they all ended up winning, you would take a nice £16,806 return from a £1 stake or £31 total outlay.
You only need one winning selection for a return, so here’s how things would look with a differing total of successful selections:
If you had a nightmare and all your horses lost, you would be down £31. If one horse out of the five wins then you would see £6 returned, taking a £25 loss. Two winning horses would return £48, a profit of £17. Three winners would return £342 and four winners would bring in £2,400. And of course, the full house would return a staggering £16,806, a total which doesn’t include the winner’s bonus which may be different depending on which bookie you place your bet with.
In short, you will most likely need two winners from your selections to make any kind of profit on your outlay, but then again, that all depends on what odds your five selections come at. Winning one selection is never really going to be enough as that will leave you in a deficit.
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Advantages and disadvantages of placing a Lucky 31
The Lucky 31 has the same advantages of a Lucky 15 and Yankee when it comes to increasing the chances of taking a return from your bet. Standard accumulators are lost and deemed worthless if just one selection happens to lose. Whereas, with a Lucky 31, your chances of a return are increased and you can still make a profit if you do end up with a losing selection within the five selections you have identified and bet on.
The disadvantage concerning the Lucky 31 is the stake that is required which could be off-putting for a lot of punters. It could be considered misleading that a £1 stake ends up totalling £31, however, if you prefer having the increased chance of bagging yourself a return then the higher stake may be worth it after all?