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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.

Lucky 31 Bet Explained in 2021

Is your sports gambling strategy based on parlay bets? Do you want to enhance your wagering experience and learn more about specific forms of this exciting betting type? Thanks to this comprehensive guide, we bring you Lucky 31 bet thoroughly explained. You will be able to have a sneak into tips and strategies that can make your accumulator betting more profitable. Our expert bettors are about to tell you how to get the most out of Lucky 31 bet. Let’s take a ride!

What is a Lucky 31 bet?

Lucky 31 is a member of the multibet family. Just to remind you briefly, if you are not familiar with the multibet concept, it allows you to select more picks and wager them as one bet. You can come across terms like accumulators, parlays, or combos, which are the synonyms for multibet. Multibets are prevalent forms of sports gambling; however, you need to win all selections to get a payout from it.

There are several varieties of multibets that do not require all winner selections to get some returns from them. One of those is Lucky 31 bet that falls under the category of full cover with singles. You need to make five selections to place Lucky 31 bet. However, what “31” means in its name? Since Lucky 31 covers all combinations that can be made from five picks, it consists of 31 separate bets.

Now, let’s see what the structure of Lucky 31 bet is. Since it covers the singles as well, one portion goes to five single bets. From five selections, you can make ten doubles and ten trebles as well. It also covers five 4-folds and one 5-fold accumulator. Since it consists of 31 wagers, keep in mind that your total stake is going to be divided equally to all constructive bets. You need just one winner pick to get some returns from Lucky 31, and although it won’t bring you profits in this case, you can cover at least a portion of your total stake. It’s better than losing all the money you have placed on a classic 5-fold accumulator.

Placing a Lucky 31 bet: Step-by-Step

Although Lucky 31 consists of so many separate bets, it does not mean that you need to spend a lot of time placing them all. You just need to make your selections, and the online sportsbook’s site will deal with everything else. Just follow these steps:

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  1. Choose an online bookmaker: Finding a bookmaker that suits you the most is the first step. You can check the best online bookmakers and select the favorite one.
  2. Open an online account: For putting any kind of wager, you need to register for an online account. Just provide the required information and make your first deposit.
  3. Make your selections: Remember, Lucky 31 bet consists of five picks, so let’s go straight to them. Navigate to games of your interest, and just click on the odds to add them to the betting slip.
  4. Place a Lucky 31 wager: The last step requires you to enter the stake into the Lucky 31 box and click on the Place Bet button.
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Usual sports for placing a Lucky 31 bet

Lucky 31 betting type is so flexible that it applies to all kinds of sports. You can make a winning mix based on the games from different sports, and you won’t encounter any restrictions. That is the main reason why this betting type is so popular among bettors.

You can build your Lucky 31 bet from anything that you can find in the bookmaker’s offer. There is a vast number of markets on the most popular basketball, soccer, football, or hockey leagues. With Lucky 31 bet, it is possible to combine various markets such as totals, moneylines, or point spread. You can find plenty of them for any NBA, NHL, NFL, or Premier League game.

However, if you are a fan of sports like tennis or Formula 1, you can also add them to your Lucky 31 selection. You can even make Lucky 31 each-way bet on horse racing events, which is also great news.

Examples for Lucky 31 bet

If you are new in sports gambling, Lucky 31 bet still might not be completely clear for you. However, don’t worry, we are going to walk you through two examples, so you can see how it works in practice. Let’s dip into them now.

Winning example of Lucky 31 bet

After going through the sportsbook’s offer, you have made the following five picks for your Lucky 31 bet.

GamePickOddsResultOutcome
Cardinals vs. RavensRavens to win-13512:27Win
Manchester United vs. Manchester CityOver 2.5 FT-1251:0Loss
New York Mets vs. St. Louis CardinalsNew York Mets to win-1407:3Win
Juventus vs. InterJuventus to win+1201:1Loss
Dallas Mavericks vs. Denver NuggetsDenver Nuggets (-2.5) to win-110113:97Loss

You have made two correct predictions, meaning that you will get returns from this wager since you need just one winner pick. In this case, two singles and one double will bring you a payout. If you have decided to place a straight 5-fold accumulator, your bet would be a losing one.

Losing example of Lucky 31 bet

Similar to the example above, you placed Lucky 31 bet but didn’t manage to win a single selection.

GamePickOddsResultOutcome
Cardinals vs. RavensCardinals to win+14512:27Loss
Manchester United vs. Manchester CityOver 2.5 FT-1251:0Loss
New York Mets vs. St. Louis CardinalsSt. Louis Cardinals to win+1407:3Loss
Juventus vs. InterJuventus to win+1201:1Loss
Dallas Mavericks vs. Denver NuggetsDenver Nuggets (-2.5) to win-110113:97Loss

Since you need one winner pick to get a payout from Lucky 31, this wager loses.

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Lucky 31 bet for beginners: How to bet

Finding just one winner pick won’t bring your fortune with Lucky 31 bets. Although they can be pretty profitable, you need to acknowledge some tricks and tips to make your wagering experience more successful. We are going to share with you the most basic ones.

  1. Do pre-game homework: You can always benefit from pre-match information, such as team news, or potential lineups. They can help you avoid tricky games and lower the risk of losing a bet.
  2. Balance the odds: Finding the right balance of odds is essential for these kinds of wagers. If you keep them low, the return won’t cover your stake. On the other hand, if you aim for the long ones, all picks may let you down.
  3. Keep your stake down: Increasing the stake won’t make you more profitable with Lucky 31 bets. It is better to focus on finding good value odds, rather than going with a big stake.
  4. Don’t take chances with sports you don’t know: Don’t let the great offer got you carried away. Focus on the sports you know the best, for example, football, and try to capitalize on them.
  5. Explore professional tips: If you don’t have time to analyze all selections you are about to make, it is recommended to seek professional help. Luckily, Billy’s List is here for you to provide you with expert tips, and you should just sign up for free.
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Lucky 31 bet for professionals: How to bet

You had the chance to check some general tips for having a good start with Lucky 31 betting. However, professional bettors took this betting type to a more advanced level thanks to several strategies they put in place. We are going to share a couple of them with you, and who knows, you may get inspired and figure out a strategy on your own.

Lucky 31 bet allows you to make at least one selection with longer odds, without risking to lose the entire wager just because of it. Remember, if one of your remaining picks wins, you will get a payout. Thanks to this approach, you can significantly increase your potential return, especially if those odds are combined with other winning picks. Of course, that doesn’t need to be an improbable outcome. But thanks to the vast number of daily markets, you can find at least one that you think may turn out to be a success.

Another exciting approach includes maths and the theory of probability. When you make your selections, at least one of them will likely let you down, and it doesn’t necessarily need to be the one with the longest odds. So, if you can predict the riskiest one, and make an opposite pick, you can boost your potential return.

Lucky 31 bet: Try it now at one of the top 5 betting sites

Now that we brought you Lucky 31 explained, you are ready to make your first bet. Go straight to your online bookmaker and deposit some money to your account. Easily navigate to games you want to wager and add them to the bet slip. Place a wager and enjoy your experience.

 
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Conclusion: A lower risk for reasonable profits
If you are searching for an exciting betting type, you should enjoy Lucky 31. By making just five selections, you can create 31 different wagers. In case one of your picks loses, it doesn’t necessarily mean that you lose all the stake. You need just one winner selection to count on returns from this kind of bet. Apply some tips and strategies from this guide and enhance your betting experience.
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