A Lucky 15 bet is a bet on four horses, with 15 separate bets consisting of 4 singles, 6 doubles, 4 trebles and a four-fold accumulator. It is an extremely popular bet amongst horse racing punters, as it offers the potential for large returns from a small outlay. The bet was invented by bookmaker William Hill in the late 1950s and remains a firm favourite today.
How to Place a Lucky 15 Bet?
Placing a Lucky 15 bet is simple and can be done in a few easy steps. Firstly, you need to select four horses that you think will win their respective races. If you’re unsure, you can use an online calculator to help you work out the best possible combination of horses.
Once you’ve selected your horses, you need to decide how much you want to stake on the bet. This will depend on how confident you are in the horses you’ve chosen. You can then place your bet at your chosen bookmaker.
Calculating the Odds of a Lucky 15 Bet
The odds of a Lucky 15 bet depend on the individual odds of each of the four horses. Each horse has its own set of odds, and these are multiplied together to give the overall odds of the bet.
For example, if the four horses have odds of 3/1, 5/2, 7/2 and 4/1, the overall odds of the bet are 252/1. This means that if you placed a £1 bet and all four horses won, you would win a total of £252.
What are the Different Types of Lucky 15 Bets?
There are two different types of Lucky 15 bets that you can place – a win only bet and an each-way bet.
Win Only Bet
A win only bet is the most common type of Lucky 15 bet. It requires all four of your horses to win their respective races in order for you to be paid out. This means that if one or more of your horses finish second, third or lower, you will not receive any winnings.
Each-Way Bet
An each-way bet is slightly different. It requires all four of your horses to win, but it also pays out if one or more of them finish second. The payout for an each-way bet is usually half of the win only bet, as you will receive half the winnings if one or more of your horses finish second.
Advantages of a Lucky 15 Bet
There are several advantages to placing a Lucky 15 bet. Firstly, it is a relatively low-risk bet, as you only need one of your horses to win in order to receive a return on your stake. Secondly, it offers the potential for large returns from a small outlay. Finally, it can be a good way to spread your risk, as you can select four horses from different races.
Disadvantages of a Lucky 15 Bet
The main disadvantage of a Lucky 15 bet is that it is only successful if all four of your horses win, or at least one of them finishes second if you have placed an each-way bet. This means that if one or more of your horses loses, you will not receive any winnings.
Tax on Lucky 15 Bet Winnings
Any winnings from a Lucky 15 bet are subject to a 20% tax rate. This means that if you win £252 from a £1 bet, you will only receive £202 after tax.
Placing a Lucky 15 Bet Online
Placing a Lucky 15 bet online is becoming increasingly popular. Most online bookmakers offer the option to place a Lucky 15 bet and the process is usually very straightforward.
Conclusion
A Lucky 15 bet is a bet on four horses, consisting of 15 separate bets. It is a relatively low-risk bet, with the potential for large returns from a small outlay. It is a popular bet amongst horse racing punters and is easy to place online. However, it is important to remember that all winnings are subject to tax and any bet can only be successful if all four horses win, or at least one of them finishes second.