Lucky 31 Bet Explained

How to Place a Lucky 31 Bet

It might sound complicated, but placing a Lucky 31 bet is actually a very easy process on betting sites. In fact, it works just like any other betting type, as you simply have to add the five selections to your bet slip. Then, once you have added the selections, you just need to look for the Lucky 31 option in the bet slip and enter your stake.

It is important to remember that the stake will be multiplied by 31 when placing a Lucky 31 bet, which means the full outlay can get quite large. To give an example, a £1 bet on a Lucky 31 bet would result in a £31 outlay in total, which is a significant amount of money, but a large potential profit would be up for grabs.

Furthermore, horse racing punters who want to place a Lucky 31 bet should also remember that their stake will be doubled if they want to cover the each-way option. So how exactly could a Lucky 31 bet work in practice? Let's take a look at a specific example, based on a punter choosing five horses to win separate races. The bet would then look as follows:

A Lucky 31 is known as a full coverage type of wager. This means that each of the five total selections that are included is covered in full, meaning just one leg needs to win for a payout. Let's say that in our bet, all five of the horses picked out for the Lucky 31 are at evens (1/1).

This means the potential payout for the Lucky 31 bet with a £1 stake per line will be as follows:

• 0 selections win – £0 return with a loss of -£31
• 1 selection wins – £3 return with a loss of -£28
• 2 selection wins – £8 return with a loss of -£23
• 3 selection wins – £26 return with a loss of -£5
• 4 selection wins – £80 return with a profit of £49
• 5 selection wins – £242 return with a profit of £211

Of course, it is highly unlikely that all five horses would be offered at evens. But as a general rule of thumb, people can expect to need around three of their five selections to be a winner if they want to make a profit out of a Lucky 31 bet.