A Lucky 31 bet is made up of 31 wagers. Each bet is of equal value and consists of five selections from different events. A Lucky 31 bet features five singles, 10 doubles, 10 trebles, five four fold accumulators, and one five fold accumulator.

Due to the five single bets in a Lucky 31 bet, you are guaranteed a return even if just one of your selections wins. Due to the coverage a Lucky 31 provides, it is an often used tool in the arsenal of experienced bettors.

The Lucky 31 bet is most often used in horse racing, but you can use it in other sports. In fact, there isn't a sport the Lucky 31 wouldn't work with. As long as there are separate selections from different events, you can utilise the Lucky 31 bet.

In this article, we will explore the Lucky 31 further and provide an example of how the bet works.

Lucky 31 Explained

What is a Lucky 31? The simple answer is that it is a multiple bet that allows you to place wagers on five different events. The Lucky 31 allows you to bet on five events via single bets.

If one of these singles wins, then you will receive a return on your stake. The original stake may not be covered with just one single winning bet. In fact, it is unlikely that the stake will be covered by a single bet winning.

It is when the doubles, trebles, and accas are successful that the true strength of the Lucky 31 is experienced. Once these bets begin winning, you will see a significant rise in winnings. The amount of money you can win on a Lucky 31 depends on the odds of the five events and your stake.

A Lucky 31 can be broken down into the following:

  • 5 singles
  • 10 doubles
  • 10 trebles
  • 5 four fold accumulators
  • 1 five fold accumulator

In total, there are 31 bets made. Keep in mind that your stake will be multiplied 31 times. Therefore, a £1 stake would be a total stake of £31. You should be very careful when making multiple bets. The stake is multiplied and you can risk a large amount of money. Adding long odd events can increase your risk of losing.

How Many Selections are in a Lucky 31 Bet?

A Lucky 31 is made up of five selections from five different sporting events. If you are wagering on horse racing, you would need to make selections from five different horse races. Football bettors making a Lucky 31 wager would make five selections from five different matches. You cannot make multiple selections from the same event.

How do you Calculate Lucky 31 Bets?

The simplest way to calculate a Lucky 31 is to use an online Lucky 31 bet calculator. Just search for a 'Lucky 31 bet calculator' and you will find a variety of excellent options online. Simply type in the odds and stake, and the calculator will provide the potential payout of the wager.

There are also smartphone apps that provide Lucy 31 calculators allowing you to tally the odds up on the go. If you don't have access to the Internet or a smartphone on hand, you can use a pencil and paper to calculate the odds of a Lucky 31.

You will need decimal odds to calculate the winnings of the bet. First, change your fraction odds into decimals. You can do this by dividing the top number by the bottom number. Now, follow these steps:

  • For single bets: decimal odds x stake = return
  • For doubles: selection 1 odds x selection 2 odds = return
  • For trebles: selection 1 x selection 2 x selection 3 = return
  • For four fold: selection one x selection two x selection three x selection four = return
  • For five fold: selection one x selection two x selection three x selection four x selection five = return

How Does a Lucy 31 Payout?

The amount of money you can win on a Lucky 31 depends on the number of winning selections. In addition, the odds of those winning selections will dictate the payout. If just one or two selections win, it is unlikely that you would receive a return equal to or greater than your original stake.

Let's look at an example of a Lucky 31. In this example, you wager £1 on a Lucky 31 bet. Remember that the stake is multiplied 31 times. Therefore, the total stake is £31. The odds of the football matches you wager on are all at evens odds (1/1)

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

Four of five selections would likely payout a profit on the bet. If three selections win, you may break even.

How to Place a Lucky 31 Bet

Go to your favourite online sportsbook. Make five selections from five different events. After adding the five selections to your bet slip, scroll down to 'multiple bets' and locate Lucky 31. Enter your stake and remember that it is multiplied 31 times. Check your bet one more time before clicking 'bet'.

Is a Lucky 31 Bet a Good Bet?

If there are five selections from different sports events you fancy to each win, then a Lucky 31 is a great alternative to a traditional five fold accumulator. The bet allows you to make more money in profit if it wins than an accumulator.

Even if one of the selections loses, the bet can still return a nice payout. In addition, a Lucky 31 is simpler to use than making 31 separate bets on the same five events.

What is the Difference between a Lucky 31 Bet and a Lucky 15 Bet?

A Lucky 15 bet is very similar to the Lucky 31. However, rather than make 31 bets of equal value of five different events, the Lucky 15 is made up of just 15 bets of equal value on four different sports events.

The Lucky 15 consists of:

  • Four singles
  • Six doubles
  • Four trebles
  • One four fold accumulator

Is a Lucky 31 Bet Better than a Lucky 63?

A Lucky 63 is made up of 63 bets. Each bet is of equal value on selections from six different sports events. The Lucky 63 consists of:

  • Six singles
  • 15 doubles
  • 20 trebles
  • 15 four folds
  • six five folds
  • one six fold accumulator

How much is a 50p Lucky 31 Bet?

Your stake will be multiplied 31 times when placing a Lucky 31. A 50p stake would be a total stake of £15.50 on a Lucky 31.

Lucky 31 Bet Example

Using the Premier League as an example:

From this bet, five singles will be placed, one single for each game. If you win just one of these singles, you will receive a payout. Ten doubles will then be made on the games using your selections. Ten trebles will then be made on the matches using your selections in different combinations.

Finally, five four folds and one five fold accumulator will be placed on the selection of games. Your winnings will depend on the selections.

Lucky 31 Bet in Horse Racing

Lucky 31 bets are popular in horse racing. The bet type allows horse racing punters to select five horses from five different races. The bet provides bettors with the opportunity to combine horses at short odds into a more lucrative multiple bet.

Each Way Lucky 31 Bet

An each way Lucky 31 allows you to wager on all five selections each way. In total, you will make 62 bets in an each way Lucky 31. Your stake will be multiplied 62 times. The each way Lucky 31 will payout for every horse that wins or places the events.

What Sports Can You Bet a Lucky 31?

You can use a Lucky 31 on a variety of sports. In fact, there aren't a lot of sports you cannot use the Lucky 31 bet. As long as there are five different sports events taking place, such as five football matches or five cricket matches, then you can place a Lucky 31 bet.

Lucky 31 Bet Strategies

Do your homework prior to making a Lucky 31 bet. The more selections you make at long odds, the riskier the bet is. However, if you make too many selections at short odds, your reward may not be great enough. In addition, the odds could be so short that it takes three selections winning to break even.

What are Similar Bets to a Lucky 31?

One bet that is similar to the Lucky 31 is the Canadian bet. The Lucky 31 is a full cover bet compared to the Canadian bet. The Canadian bet does not include singles. In addition, the Canadian is made up of 26 bets. The Lucky 15 and Lucky 63 are also similar to the Lucky 31.

Lucky 15 Explained

A Lucky 15 bet is very similar to the Lucky 31. However, rather than make 31 bets of equal value of five different events, the Lucky 15 is made up of just 15 bets of equal value on four different sports events.

The Lucky 15 consists of:

  • Four singles
  • Six doubles
  • Four trebles
  • One four fold accumulator

Lucky 63 Explained

A Lucky 63 is made up of 63 bets. Each bet is of equal value on selections from six different sports events. The Lucky 63 consists of:

  • Six singles
  • 15 doubles
  • 20 trebles
  • 15 four folds
  • six five folds
  • one six fold accumulator

Summary

The Lucky 31 is a bet that consists of five selections from five different events. Thirty-one bets are made across the five events with each bet being of equal value. The bet consists of five singles, 10 doubles, 10 trebles, five four folds, and one five fold accumulator. Even if just one of your bets wins, then you will receive a payout thanks to the single bets. A Lucky 31 is a full cover bet and is often used in horse racing. However, you can use the bet type on a variety of sports including football, cricket, tennis, and many more.