Lucky 31 Bet 2020: Strategy, Tips & Top Betting Sites
Some might say that getting lucky is a key to successful sports betting, at least some of the time. But when it comes to placing the lucky 31 multi bet, it is the key all of the time. Of course, there is plenty of skill involved in placing the lucky 31 each way, as bettors will see when they have the lucky 31 explained in this guide. After having the lucky 31 bet explained, bettors will become experts in this betting method and learn how to place a lucky 31 football bet or a wager in other popular sports, how to use a lucky 31 bet calculator and can claim their bonus as well.
- Consists of five total selections
- Those selections are used to form 31 total wagers
- Not all five selections need to win to make money
- Can use calculator to determine potential payout
- May be bonus or bonuses available to add value
What is a lucky 31 bet?
There is a lot going on with this type of bet, so it is helpful to have it explained in detail. Essentially, bettors need to pick five selections that make up their wager. Those five selections are then made into 31 separate bets featuring combinations of all five of those selections. The combinations are as follows with a calculator available to determine their potential payouts.
- 5 single wagers
- 10 double wagers
- 10 treble wagers
- 5 four-leg wagers
- 1 five-leg bet
This type of wager is very popular when betting on soccer, which is why it is routinely called a lucky 31 football bet. But the bet can be performed across many sports. Horse racing is another sport where the lucky 31 bet is very popular, as the wager type is not limited to just being a football bet.
How does a lucky 31 bet work?
Now that bettors have had the framework of the bet explained to them, it’s time to dive a little deeper into this type of bet to see how it really works. The essential goal of the wager is for the results of each selection to combine into several multi bets along with the five single wagers that help round out the 31 different wagers. The main point to take away is that not all five picks need to be a winner in order to make money. Instead, the potential payout for each pick will dictate how many of the five picks need to win in order for a profit to be achieved. Bettors can use a calculator to determine that payout, by the way. They can also use a bonus or bonuses to get added value through a sportsbook site.
How to place a lucky 31 wager
Fortunately, this part of the process isn’t as complicated as it sounds, thanks to the ways that bookmakers can set them up with ease. The first thing a bettor needs to do is login to their bookmaker site, one that has sufficient funds to place a bet.
From there, bettors can make their five selections across the sports and competitions that they are interested in. Again, this doesn’t need to be strictly a football selection and can involve other sports. The next step is to specify that the bettors wants to place this kind of bet rather than a single bet or parlay wager.
As is the case with similarly exotic wager types, one of the most important things when having a lucky 31 explained is an emphasis on the fact that the staking of the bet is something that needs to be handled with care. This wager can be staked per bet, meaning that each of the 31 wagers in the overall system have a risk amount that equals what a bettor enters into their bookmaker site. Alternatively, bettors can choose to enter a total stake for the entire group of 31 bets, which can limit the amount of risk that a bettor takes on.
Advantages of a lucky 31 bet
Given all of the positives that bettors have seen with the lucky 31 explained to them, it’s hard to pick just a few highlights. But the biggest positive from having the lucky 31 selection take place is the fact that it is so easy to place all 31 bets at the same time. With the lucky 31 each way being as easy as picking five games and letting the bookmaker site do the rest, it’s understandable that bettors see the lucky 31 explained as both a potential value and incredibly convenient.
Also working in the favor of the lucky 31 bet is the fact that not every selection has to be a winner in order for the bet to be a profitable one. In many cases, two or more winning picks will get the job done, and more than that usually makes profits feel probable.
And bettors can use a lucky 31 bet calculator to figure out their potential payouts as well. The calculator takes in the odds of each component and tells bettors what each result would do to their potential payout. The calculator is a very valuable tool and bettors should keep it as a part of their sports betting arsenal along with any bonus or bonuses made available by different sportsbooks.
Drawbacks to a lucky 31 bet
Unfortunately, when bettors have this wager explained to them, there are some drawbacks to go over as well. At the top of that list is the fact that the bet can be complicated to keep track of. With 31 total bets to cheer for, bettors might have a hard time figuring out what their potential return would look like even if they are cheering for the same five results across all of their bets.
Also, the potential to enter the stake incorrectly is something that could be a drawback to this wager type. Bettors have to make sure that they are careful about what type of stake they put into their lucky 31 bet, if for no other reason than to make sure that they are getting what they want out of the wager. This potential is why it is so important to use the calculator tool to keep the appropriate risk amount in mind from the start.
Lucky 31 bet example
In addition to having the lucky 31 bet explained, here is an example that bettors can take a look at to get a better idea of how the lucky 31 bet works as an added bonus. For this example, let’s say that we are placing a lucky 31 football bet, with all five picks being soccer matches. For this example, we’ll say that the bet has five picks, all with odds of –110. Once we’ve locked in our five picks, we can sit back and hope that the return on investment is a positive one.
In order for the wager to be a winner with our five –110 odds picks, at least four out of the five picks would have to win. Three or fewer picks winning would result in a negative return on investment based on the structure of the lucky 31 bet and the odds of the five picks that were made.
Lucky 31 betting strategy
Betting strategy is very important when it comes to this kind of bet. While bettors see the lucky 31 bet explained as a way to make money on 31 separate bets in one go, that opportunity has the potential to go unrealized without a quality wagering system. When it comes to getting the best possible return on investment, not being afraid to take risks is a big key to potential profits.
As mentioned earlier, anyone having a lucky 31 bet explained to them should remember that staking is the name of the game with this type of bet. Figuring out whether the stake per bet or overall stake plan offers the best chance for profits with each individual bet is something that should be done before each lucky 31 is placed, so a bettor can pass on their success to a number of bettors in the future.
Additionally, bettors should have the lucky 31 explained as a bet that rewards not being afraid to bet on longshots on offer. The wager performs a high number of double and treble bets that a couple of picks with long odds can amplify the potential to turn a betting profit overall as an added bonus. This is why bettors are so used to the wager referred to as a vehicle for potentially incredible profits.
Compare bookmakers to find the best one for you
After developing an understanding of this bet and having the lucky 31 bet explained, it’s time for you to put your newfound knowledge of the bet to the test. In order to do that, you will need to select a bookmaker site to do this kind of betting with. And with our bookmaker comparison tool, you can evaluate criteria such as bonus offer information, number of betting markets on offer, and other important information to find the perfect place to bet on sports for your individual needs. So don’t delay, find the ideal bookmaker site for you now and get your hands on a bonus.