The Goliath System is pretty much the biggest system bet out there, just like the name suggests. Its a massive combination bet that has 247 bets spread over 8 selections. As you figured by now, the stakes for the Goliath bet are bigger than regular bets since you have to cover 247 outcomes. However, that’s exactly why this bet type can get you some serious wins. Its important to remember that the Goliath System is not an accumulator bet which means you don’t have to get each selection right. As a matter of fact with 2 out of 8, you are already covering your stake. Anything above 2 correct selections and you are looking at a profit. Keep reading to learn more about Goliath betting.
As the name suggests, a goliath bet allows for a huge range of bets to be made in one wager. Named after the biblical story of David’s battle with the giant Goliath, it includes a massive 247 bets (from eight selections) and represents one of the most expansive bets a bettor can make. Due to this high volume of selections, goliaths should only be undertaken by bettors with a high level of experience, a clear understanding of the sport they are betting on and good knowledge of the competitors who they are selecting. Those who do not have this knowledge may find themselves losing out.
What is a Goliath System Bet?
The Goliath System bet is simply a combination of 8 selections that can be placed on any sport. Nevertheless, horse racing is the sport where this bet offers the biggest value. All you need to do is pick 8 selections, in this case 8 races. When you choose those races, the bookmaker will enter all the possible permutations, which is exactly 247 bets.
The Goliath bet is made up of 28 double bets, 56 trebles, 70 four-fold bets, 56 five-fold bets, 28 six-fold bets, 8 seven-fold bets, and 1 eight-fold bets. Essentially it’s every permutation without the singles, for all 8 selections. When you place the bet, your stake per selection is multiplied by 247 to cover all possible outcomes.
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Goliath System Bet in Practice
Now that we know how the Goliath System bet works, its time for an appropriate example. Head over to your favorite bookmaker, pick 8 races, select Goliath bet and place your stakes. However, you need to put small stakes since they will get multiplied by 247 to cover all the bets. To make this example simpler, lets imagine that all the races are at 2.00 odds. We will use a simple $0.10 stake for the bets.
247 bets x $0.10 = $24.7 for the whole Goliath System Bet.
If all 8 selections win, this means you win all 247 bets, which gives you a return of $654.40. But even if you don’t luck out with all 8, the returns can be impressive. If 7 selections win, your return would be $217.20. If 6 selections win, the return is $71.60. After this, the returns are much smaller with 5 selections returning $23.20. This means that with 5 or less correct selections, your System Goliath bet won’t be covering the stakes.
However, in the example we were calculating all races at even odds of 2.00. In a real environment, a few of those 8 selections will have odds much higher than 2.00.
Like other forms of multiple bets, a goliath bet cannot be placed on the same event. Bettors who want to place a goliath bet must make their selections across a range of events, usually either on the same day or over the same weekend. For example, if the bettor were looking to place a goliath bet on a day of horse racing, they would need to select eight different races and eight different horses. Any bettors who want to make several selections within the same event should instead consider a forecast bet.
It is easy to see how a goliath bet can work when applied to a real-world scenario. Imagine that a bettor were to place this kind of a bet on a round of Champions League games. They could make these selections:
- Real Madrid to beat Lyon
- Paris Saint Germain to beat Barcelona
- Manchester United to beat Copenhagen
- Atletico Madrid to beat AC Milan
- Juventus to beat Inter Milan
- Liverpool to beat CSKA Moscow
- Celtic to beat Ajax
- Bayern Munich to beat Lille
The Goliath Bet in Detail
Within the goliath system bet, the following wagers are being made to total up to the 247 overall bets: 70 four-selection accumulators, 56 treble bets, 56 five-selection accumulators, 28 six-selection accumulators, 28 double bets, 8 seven-selection accumulators and finally one eight-selection accumulator. The 26 double bets cover any possible variation of two teams winning and the others losing. So, for example, if Real Madrid and Paris Saint Germain, or Atletico Madrid and Liverpool, or Celtic and Manchester United (or any other variation) were to win and the other teams were to fail to win, one of the double bets would make a return.
The same is true of the 56 treble bets, but for one of these to pay out, three of the teams would need to win. So if Real Madrid, Paris Saint Germain and Bayern Munich won and all the other teams selected failed to win, one of the treble bets would pay out. Again, this applies to any variation of three of the selected teams winning. The 56 treble bets cover every single possible permutation of three teams winning and the others not.
In the four, five, six and seven fold accumulators, bettors will make a return if those numbers of teams win. If, for example, Juventus, Liverpool, Celtic and Bayern Munich were to win but none of the other teams did, then the bettor would win one of the four-fold accumulator bets. If all the teams but one were to win, the bettor would win the seven-fold accumulator bet. Of course, if all the selected teams were to win, the bettor would win with the eight-fold accumulator bet.
All in all, the Goliath System bet is a fantastic choice if you are considering sports betting. Even if you are not familiar with horses, this bet can be used for a sport as simple as football also. It does require a bigger stake; however, the winnings can be very big. Additionally, you got some money back even if you get only 2 out of 8 selections right.
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