More and more punters these days want to trade in smaller stakes and simply keep their sport watching interesting, thus not wishing to deal in simple singles or each-way bets. If, as is the case quite often, your individual bet is unsuccessful then you will feel you have received very little joy for your money and a lot of events can be over in a minutes, especially horse races.
Full Cover Bets
Because of this, what we call ‘full cover bets’ have been popular in sport for decades. Cover bets are very useful when punters want to cover all available multiples while betting on more than one selection. Multiple bets can be placed for each of the selections to win, so backing two to win is a ‘double’, three to win is a ‘treble’, and so on.
A punter can back as many as they wish in what would be an ‘accumulator bet’, though all selections would have to win for that bet to be successful.
Full cover bets make allowances for one or more selections in a multiple being unsuccessful. One such example is the Heinz Bet.
The Heinz Bet Explained
The Heinz was named because its 6 selections create a total of 57 possible bets, i.e. ‘Heinz 57 varieties’ as in the tinned foods company slogan.
The Heinz has been one of the most popular full cover bets for quite some time, especially with horse racing punters, who love to keep their bet going for a number of hours in order to keep things interesting. Even when one selection has failed, the 57 different bets on the coupon mean that the bet is still kept alive.
How Many Bets Are There In A Heinz Bet?
The total of 57 bets in a Heinz are made up by the punter picking out 6 individual selections, meaning the bets are broken down as follows:
15 doubles
20 trebles
15 fourfolds
6 fivefolds
1 sixfold
As well as any winnings accruing any of these bets, some online bookies will offer bonuses on full cover bets too, perhaps an extra 10% or 20% on fivefolds and above.
How Does A Heinz Bet Work?
When placing your bet with a reputable online bookmaker, getting a Heinz on is made very easy. As soon as you’ve picked out your 6 selections an option will appear in the multiples section to place a Heinz bet.
As is usually the case with multiples, we must always remember that after entering a unit stake our overall stake will be much higher. In the case of the Heinz, there are 57 bets on the slip in total so if we were to make our unit stake 50p, the total bet amount would become £28.50.
If 3 of our 6 selections should be successful and the other 3 fail then your returns will be based on:
3 x winning doubles
1 x winning treble
Such a win would usually end up giving is a decent return on investment, even at 50p per line and the returns may also be boosted by the aforementioned bookmaker bonuses!
Although once thought of as an archaic paper bet used by punters in betting offices on high streets, the Heinz is one of a number of full cover bets comfortably making the transition to the modern-day.
