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What is a Heinz Bet? – Heinz Betting Explained
When most people in the UK mention Heinz, it’s natural to think of baked beans, soups and tomato ketchup. This page is all about answering what is a Heinz bet in gambling terms. Yes, a wager sharing its name with the popular food and sauce brand really exists. Discover how it works and have Heinz betting explained to you in full.
What is a Heinz Bet?
We dive straight in and discuss the Heinz bet meaning right away. This is a type of combination and system wager involving six selections from different sports events placed in every possible multiple permutation. Win singles aren’t included with Heinz betting from leading online bookies in the UK and beyond, meaning some 57 different wagers on the same betslip in total here.
How Does a Heinz Bet Work?
Now, let’s take things a step further. Part of having the Heinz bet explained to you is understanding how the wager actually works in practice. With 57 different parts to it, there’s a lot to get your head around here. Here’s a straight Heinz bet breakdown showing every combination and permutations from selections A, B, C, D, E and F:
- 15 Doubles – AB, AC, AD, AE, AF, BC, BD, BE, BF, CD, CE, CF, DE, DF, EF
- 20 Trebles – ABC, ABD, ABE, ABF, ACD. ACE. ACF, ADE, ADF, AEF, BCD, BCE, BCF, BDE, BDF, BEF, CDE, CDF, CEF, DEF
- 15 Four-fold Accumulators – ABCD, ABCE, ABCF, ABDE, ABDF, ABEF, ACDE, ACDF, ACEF, ADEF, BCDE, BCDG, BCEF, BDEF, CDEF
- 6 Five-fold Accumulators – ABCDE, ABCDF, ABCEF, ABDEF, ACDEF, BCDEF
- 1 Six-fold Accumulator – ABCDEF
Given the 57 aspects to a typical straight Heinz bet example, that is the number you must multiply your unit stake by to calculate the total outlay on the wager. A £1 Heinz, then, sees you gamble £57. If that’s too much for your budget, then don’t worry. Bookmakers allow a unit stake of just a few pence. A 7p Heinz bet, for example, is an outlay of £3.99.
You don’t need every selection to win to get a return from the bookies either. Heinz betting will yield at least something back if just two of your picks, i.e. one of the 15 Doubles, are right. Precisely what the margin is for turning a profit from the wager is less easy to define, however, and does rather depend on the odds of each selection.
What is a Heinz Bet in Football?
When you’re betting on football matches, it’s worth remembering that you have options. This extends to combination and system wagers when putting on a multiple is your approach. The Heinz bet can be useful on the beautiful game.
Don’t feel limited to just acca betting as this is a viable alternative. Sure, a Heinz has that much larger total outlay than a straight accumulator, but you can adjust your stake plan accordingly. It gives you greater protection in the event that certain legs let you down.
Rather than relying on Acca Insurance to refund your losing stake, Heinz betting continues even if one or more selections don’t win. You could end up still turning a profit if four or five of the six teams you back get the results you predicted.
The Heinz bet thus enjoys a level of versatility and flexibility that a football accumulator can only dream of. It doesn’t have to be all or nothing. If some sides do the business on the pitch, it’s only fair that you get something back from taking a punt on them. Thanks to a Heinz, you can mitigate the high potential for losses from an acca considerably.
What is a Heinz Bet in Horse Racing?
As well as being a poker slang term for starting cards five and seven, the Heinz owes its existence to horse racing betting and punters placing bets on six different races in combination. After all, it’s a lot easier to keep hold of one betting slip with half-a-dozen horses on it than individual wagers.
Six races are usually the minimum permitted on today’s racecards at any given meeting in the UK and Ireland. Heinz betting allows you to take a punt on one horse across every event or at least the majority of them, provided contests aren’t oversubscribed with runners and end up split into Divisions.
Up until 2020, Royal Ascot had six races per day. The Heinz bet was a novel way of engaging with the British Isles’ premier Flat festival. Unlike when placing it on other sports, however, there are the issues of Non-Runners and Rule 4 deductions with horse racing.
The latter is laid out by Tattersalls Rules of Betting, specifically Rule 4 (C), which governs the size of any deduction based on 5 pence intervals to the Pound Sterling (£). This can adversely effect what the wager pays out to you, depending on the price a horse was when withdrawn from a race. Heinz bets aren’t immune from this if struck after final declarations.
The Each Way Heinz Bet
There are particular sports and markets in the right set of circumstances that allow you to place a Heinz bet each way if you want to. This has its upside as if selections finish placed in a horse race, for example, then they can still pay out at a fraction of outright odds. Price is everything with the each way Heinz bet, however, as it determines whether you break even or make a profit from one of your picks being placed.
The number of places available also depends on the size of the field. You can expect to even get a Heinz bet each way on if there are four or fewer runners in a race. The type of event is a decisive factor in the size of the fraction too. Whilst betting on a football competition or tennis tournament outright may offer half or a third of the win odds for making the final, horse races are either a fifth or a quarter.
That means you need selections that 4/1 (5.00) and 5/1 (6.00) minimum under those respective place terms to break even. Understanding what does each way bet mean in the first place will help you with the specific ins and outs. The total outlay on any wager doubles so that the win and place parts are covered. In relation to a Heinz, then, you’re looking 114x the unit stake if you go each way.
Pros & Cons of Heinz Betting Explained
The Heinz bet has its advantages but there’s also a downside as with any other wager. Our experts recognise that fact and want you to appreciate it too. Part of fully understand what is a Heinz bet and what it entails is realising this. In the interests of balance, the main positives and drawbacks are listed below:
Pros:
- Big profits can be made from a small stake
- Far less risky than a straight accumulator
- You don’t need every leg to win for a return
Cons:
- Each way option isn’t always viable
- Hard to work out the profit margin
- Large 57x unit stake total outlay on bet
Heinz Betting Calculator
When you want to calculate Heinz bet returns and potential profits, there’s some pretty difficult sums involved. You could do them in your head, but it’s a bit of strain doing all that multiplication. It’s much simpler and easier to use a free bet calculator like the one we have here at SafeBettingSites. This does all the maths automatically, so you don’t have to.
All you have to do is enter the information relating to any Heinz betting wagers made. Enter the prices and results, so that you can see every possible scenario from two winning picks up to a clean sweet. Our Heinz bet calculator lets shows you all eventualities based on your input.
Alternative Wagers to the Heinz
The great thing about multiple wagers like Heinz betting is that there’s lots of choice, depending on how many selections you fancy or want to include. Whether it’s full cover bets that include Singles or leaving those out, these combination and system wagers provide so much more protection for several times the unit stake compared to a straight accumulator. Consider these alternatives to the Heinz bet before you next take a punt:
- Trixie – 3 picks in 4 bets: 3 Doubles and a Treble.
- Patent – 3 picks in 7 bets: 3 Singles, 3 Doubles and a Treble.
- Yankee – 4 picks in 11 bets: 6 Doubles, 4 Trebles and a Four-fold accumulator.
- Lucky 15 – 4 picks in 15 bets: 4 Singles, 6 Doubles, 4 Trebles and a Four-fold accumulator.
- Canadian – 5 picks in 26 bets – 10 Doubles, 10 Trebles, 5 Four-folds and a Five-fold accumulator.
- Lucky 31 – 5 picks in 31 bets: 5 Singles, 10 Doubles, 10 Trebles, 5 Four-folds and a Five-fold accumulator.
- Lucky 63 – 6 picks in 63 bets: 6 Singles, 15 Doubles, 20 Trebles, 15 Four-folds, 6 Five-folds and a Six-fold accumulator.
- Super Heinz – 7 picks in 120 bets: 21 Doubles, 35 Trebles, 34 Four-folds, 21 Five-folds, 7 Six-folds and a Seven-fold accumulator.
- Goliath – 8 picks in 247 bets: 28 Doubles, 56 Trebles, 70 Four-folds, 56 Five-folds, 28 Six-folds, 8 Seven-folds and an Eight-fold accumulator.
Heinz Betting Strategy
As with any wager, the Heinz bet has its uses and situations where you may find it appropriate. Learning when those scenarios are helps you make better choices. We all make mistakes when gambling, including our experts who are far from infallible but at least authentic. Follow their helpful hints and example, and you’ll reach more-informed decisions:
When Acca Insurance Isn’t Available or Won’t Cover Your Bet
What you have to remember about Acca Insurance betting offers for existing customers is they don’t cover every accumulator, combination and system bet. One selection simply may not meet the minimum odds threshold to qualify, or some other terms and conditions. Why risk a straight acca when Heinz betting is also at your disposal?
In this situation, the smart play is to insure your bet by lowering the unit stake gambled and spreading the funds around instead. Remember, you don’t need to worry if one leg lets you down with a Heinz bet, so long as other selections win. It’s almost like an automatic Acca Insurance all of its own.
When You Aren’t Sure About One or More of the Six Selections
We know that there have probably been times when you’ve placed an accumulator bet where at least one riskier leg than the others has been included in your wager to increase the overall odds. It’s a classic gambling tactic, but one that can blow up in your face. If there is a pick or two that you aren’t confident about, then the solution is to employ Heinz betting strategy and put that wager on instead of a simple acca.
Again, you’ll like as not want to adjust the stakes so that your total outlay isn’t large, and beyond your means and budget. That way, you don’t lose out completely if the selection you weren’t sure about loses. This stops you relying on any free bets awarded via Acca Insurance for your next accumulator. You may even be still well into profit.
Best Bookmakers for Placing a Heinz with
When you consider that the Heinz bet is little more than a series of 57 accumulators, all bookies provide this option to punters. That makes sense rather than expecting you to place all combinations separately as individual bets. It cuts down on the admin when it comes to settling wagers. Every online bookmaker includes Heinz betting somewhere on the betslip once you’ve added all the selections.
FAQs
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