What Are Heinz Bets?

Heinz bets are broken down into 15 double bets, 20 treble bets, 15 four-fold bets, 6 five-fold bets and 1 six-fold bet, making a total of 57 bets. Here is how the bets are combined, using an example with 6 bets, named A, B, C, D, E and F

The 15 doubles are

A+B (1), A+C (2), A+D (3), A+E (4), A+F (5), B+C (6), B+D (7), B+E (8), B+F (9), C+D (10), C+E (11), C+F (12), D+E (13), D+F (14), E+F (15)

The 20 trebles are

A+B+C (1), A+B+D (2), A+B+E (3), A+B+F (4), A+C+D (5), A+C+E (6), A+C+F (7), A+D+E (8), A+D+F (9), A+E+F (10), B+C+D (11), B+C+E (12), B+C+F (13), B+D+E (14), B+D+F (15), B+E+F (16), C+D+E (17), C+D+F (18), C+E+F (19), D+E+F (20)

The 15 four-folds are

A+B+C+D (1), A+B+C+E (2), A+B+C+F (3), A+B+D+E (4), A+B+D+F (5), A+B+E+F (6) A+C+D+E (7), A+C+D+F (8), A+C+E+F (9), A+D+E+F (10), B+C+D+E (11), B+C+D+F (12), B+C+E+F (13) B+D+E+F (14), C+D+E+F (15)

The 6 five-folds are

A+B+C+D+E (1), A+B+C+D+F (2), A+B+C+E+F (3) A+B+D+E+F (4), A+C+D+E+F (5), B+C+D+E+F (6)

The 1 six fold is A+B+C+D+E+F

How Much Can I Win?

Using a simple example, where all of the bets have the same odds, say 3.5, here is how much each of the different types of bets would pay if all bets won

The 15 doubles would win 15 x (3x3) (number of bets x odds of one bet x odds of another bet) = $135

The 20 trebles would win 20 x (3x3x3) = $540

The four-folds would win 15 x (3x3x3x3) = $1,215

The 6 five folds would win 6 x (3x3x3x3x3) = $1,458

The six fold would win 3x3x3x3x3x3x3 = $729

Altogether, this would be a win of $3,942 from an initial stake of just $57. To compare that with how the initial bets would pay with the same original stake of $57, divided six ways would be 6 x (19x3) which is a total of $342.

What Happens If One Or More Bets Lose?

In this simple model, a large portion of the profit comes from the four-folds and five-folds, but if one or more bets fail it does not mean that the bettor would go home empty handed.

If one bet fails, then automatically 5 of the double bets, 10 of the treble bets, 10 of the four-fold bets, 5 of the five-fold bets and the six-fold bet would lose. This still means that the punter wins 10 double bets, 10 treble bets, 5 of the four-fold bets and one five-fold bet.

The 10 doubles bets would pay 10 x (3x3) = $90

The 10 treble bets would pay 10 x (3x3x3) = $270

The 5 four-fold bets would pay 5 x (3x3x3x3) = $405

The one five-fold bet would pay 3x3x3x3x3 = $243

This would bring a return of $1,008, from an original stake of $57, making a $951 profit.

If two bets fail, then only 6 double bets, 4 treble bets and 1 four-fold bet would pay out.

The 6 double bets would pay 6 x (3x3) = $54

The 4 treble bets would pay 4 x (3x3x3) = $108

The one four-fold bet would pay 3x3x3x3 = $81

Though a huge number of combinations would be cancelled if 2 of the bets do not win, the punter will still receive returns of $243, which is still quite high considering that two picks were incorrect.

If the punter only predicts 3 bets right, it means that only 3 doubles and 1 treble bet would pay out.

The 3 doubles would pay out at 3 x (3x3) = $27

The one treble would pay out at 3x3xx3 = $27

This means that the bettor would win $54, which is almost the whole stake that was used in this scenario.

How To Use Heinz Bets

Heinz bets are most commonly used in horse racing, where odds such as 3.0 can usually be found on the favourites in a race.

Sports punters who want to place Heinz bets on player or team sports will find that the odds offered are often far lower. Using Heinz bets on these sports is therefore not very profitable and can be even more risky than horseracing as it may take only 1 or 2 lost bets for the returns to be lower than the original stake.