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Richard Miller
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Richard was Marketing Manager at a global bookmaker and worked in the enterntainment sector for decades before working his way up in the world of entrepreneurs. His focus areas are mainly in the fields of sports and politics. He has a Science Degree, visited Harvard University and is now our hardworking Editor-in-Chief at BettingBilly.
Richard was Marketing Manager at a global bookmaker and worked in the enterntainment sector for decades before working his way up in the world of entrepreneurs. His focus areas are mainly in the fields of sports and politics. He has a Science Degree, visited Harvard University and is now our hardworking Editor-in-Chief at BettingBilly.

Goliath Bet Explained In 2021

Goliath bet, as its name suggests, is the most massive wager in sports betting. Many bettors still don’t know everything about this betting type. However, this guide will provide you all answers about the Goliath bet. It consists of eight selections that are split into 247 wagers. Although it is a subtype of an accumulator bet, you don’t need to win all your picks. Let’s dip into more detail and get this exciting betting method explained.

What is a Goliath bet?

You will hardly find a more massive wager than a Goliath bet. Indeed, you don’t need to make more than eight selections, but the number of different combinations rises to 247. It means that your total stake is going to be divided with 247 to get the stake for each bet. In other words, if you want to wager $1 per combination, it would cost you a total of $247.

A Goliath bet is a variation of accumulator wagers, which are also known as combos, parlays, multiples, or simply acca. This type of bet falls into the Full cover without singles category. It means that all possible combinations that can be made by eight-fold selection are included, except the single bets. If we convert a Goliath bet into a series of smaller wagers, we will get the following structure.

PartNumber of Bets
Double28
Treble56
4-fold70
5-fold56
6-fold28
7-fold8
8-fold1
Total:247

We can see from the table above that you need to land two winner picks to get returns from this betting type. However, those returns probably won’t cover the total stake of a bet. But if more than two selections turn out to be winners, the payout increases as well. Let’s assume that you have made four winner picks in your Goliath bet. Besides a winning 4-fold, you can count on four winning trebles and six winning doubles. The more correct selections you make, the more returns you will get. Eventually, if you get lucky and make eight winning picks, you can enjoy a big return.

Placing a Goliath bet: Step-by-Step

You must be wondering how much time it would take to place 247 different bets. But, don’t worry, it won’t take you more time than placing any other betting type. In any case, we bring you each step explained so you can make Goliath bets successfully.

Steps Box Background
  1. Choose the desired sportsbook: With so many sportsbooks on the betting market, you may have dilemmas about selecting the right one. We advise you to compare top sports betting sites and make your decision based on your preferences.
  2. Sign up for an online account: The next step is about registering for an online account. You need to have on for being able to place bets. Just enter the required information and submit the request. Make your first deposit, and you are set for the real action.
  3. Make your selections: After you have completed the administrative stuff, you are about to submit a Goliath bet. Navigate to games you want to bet on and click on the odds to add them to the be slip.
  4. Place a bet: To make sure you put a Goliath bet, just enter the stake into the “Goliath” box. It is usually displayed under multiples. Hit the Place Bet button to complete the process.
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Usual sports for placing a Goliath bet

You shouldn’t encounter any restrictions about available sports when placing a Goliath bet. It applies to any kind of sport and may consist of different markets. You can take advantage of this flexibility to select football, soccer, or basketball picks. Therefore, you can wager on the most popular leagues such as NFL, NBA, NHL, or MLB. International soccer competitions like Premier League or Champions League are also available.

You can build a Goliath bet with over/under soccer selections, total points of an NBA clash, or points spread of an NFL game. Hockey is no different, and you can make traditional three-way moneyline picks as well. Goliath bets apply to individual sports as well, so you can pick a tennis match-winner, for instance.

You can make as many variations as you want, as long as you make eight picks. If you are an expert for a certain sport, like football, basketball, hockey, or even horse racing, you can make picks just from your area of expertise. The way you build a Goliath bet depends just on your preferences.

Examples for Goliath bet

It’s the right time to see how a Goliath bet works in practice and apply everything we said so far. Since a Goliath bet is the subtype of an accumulator wager, we are going to use tables to simplify things as much as possible. Let’s dive into the winning and losing examples.

Winning example of Goliath bet

You have made the following eight selections and placed a Goliath bet.

GamePickOddsResultOutcome
Clippers vs. NuggetsOver 216.5 points-120119:108Win
Lightning vs. CapitalsUnder 3.5 goals-1703:1Loss
Murray vs. ThiemThiem to win-1051:3Win
49ers vs. EaglesEagles to win-15017:24Win
Arsenal vs. LiverpoolOver 2.5 FT-1301:1Loss
New York Mets vs. St. Louis CardinalsNew York Mets to win-1407:3Win
Juventus vs. InterJuventus to win+1201:1Loss
Heat vs. CelticsCeltics (-3.5) to win-110114:98Loss

You have placed a total of $24.70, which means every individual bet will have a $0.10 stake. Since you have landed four winning picks, you can count on return from one 4-fold bet, four trebles, and six doubles. You can calculate total returns as the sum of all your winning bets. There is an online calculator with detailed math explained.

Losing example of Goliath bet

You placed the following Goliath bet.

GamePickOddsResultOutcome
Clippers vs. NuggetsUnder 216.5 points-125119:108Loss
Lightning vs. CapitalsUnder 3.5 goals-1703:1Loss
Murray vs. ThiemMurray to win-1151:3Loss
49ers vs. EaglesEagles to win+12017:24Win
Arsenal vs. LiverpoolOver 2.5 FT-1101:1Loss
New York Mets vs. St. Louis CardinalsSt. Louis Cardinals to win+1607:3Loss
Juventus vs. InterJuventus to win+1201:1Loss
Heat vs. CelticsCeltics (-3.5) to win-110114:98Loss

You were not so lucky, and you managed to land just one winner pick. Since you need at least two winning selections, and a Goliath bet doesn’t include singles, you lose all your stake.

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Goliath bet for beginners: How to bet

Although it seemed at the beginning that Goliath betting is very complicated, it is not the case in practice. Luckily for you, our guide will help you learn everything about this betting type. If you are new in sports betting, we are bringing you several tips for a successful kickoff of your Goliath betting.

  1. Don’t back favorites all the time: Many beginners will think of significant returns if they are backing only favorites. Well, that is not possible. Although you can win many Goliath bet combinations, they won’t bring you enough returns. Don’t forget that your state is divided into 247 equal parts, and favorites can lose as well.
  2. Balance your bankroll: Usually, a Goliath bet requires some work related to bankroll management. Your stake will be higher in comparison to other types of bets, so keep an eye on your bankroll. If you don’t, you can end up without your betting funds.
  3. Make the right mix of odds: This tip is related to the first one. Goliath bet is all about making the right mix of odds to end up with profits. Of course, the solution is not to back only the vast underdogs. You should always search for good value odds.
  4. Focus on teams’ performances: Before making your picks, you should do a bit of homework. Spare some time to investigate teams’ recent displays and their head to head clashes.
  5. Explore professional tips: Having professional help is always appreciated. Thanks to Billy’s List, you can sign up for free and have access to many daily picks by professional tipsters.
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Goliath bet for professionals: How to bet

Professional bettors have studied Goliath betting a lot and applied specific strategies for being more successful in the long term. These tips and strategies can help you take your Goliath betting to another level.

Don’t be afraid of long shots. If you intend to make profits from Goliath betting, you need to try some longer odds as well. They can make a real turnaround and boost your return if they turn out to be successful. On the other hand, if you long-shot pick loses, you can still benefit from different selections.

Anti-Accumulator can also be an excellent approach to Goliath betting. If you want to minimize the risk, but boost the odds, then this strategy is worth trying. The main idea is to make at least one wrong selection. With each pick, the probability of landing all winners decreases. But with the anti-acca approach, you can lower that risk. Eventually, it may pay out, since underdogs can cause an upset quite often.

Betting on this wagering type can be more profitable than placing traditional accumulators. Just remember how many times you missed payout due to only one or two losing picks. A Goliath bet will bring you returns if you make even more wrong selections. Indeed, you need to put a higher stake, but you can eventually get a decent return.

Goliath bet: Try it now at one of the top 5 betting sites

Now that you have learned everything about Goliath bet, you are ready to convert this knowledge into practice. Head to your favorite sportsbook and sign up for an account. Deposit some money and start making your picks. Make your first Goliath bet, and enjoy your payout.

 
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Conclusion: Advanced betting type
Goliath betting market is one of the most interesting ones in the gambling industry. You can cover 247 different bets with one wager. If you are planning to dip into wagering waters more seriously, this betting type can be attractive. Although the stake is higher, you may get payouts with just two winner picks. Take into consideration tips and advice from this guide and enhance your betting experience!
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