Heinz Bet Explained - Guide & Tips
Table of contents
The Heinz is a very popular betting system, especially for horse racing and football. With many different bet types available, sports betting can be tricky to navigate for beginners and even experienced bettors. To help, we've put together this comprehensive guide to explain what a Heinz bet is and how it works, as well as what its benefits and disadvantages are.
How Does A Heinz Bet Work
The Heinz bet takes its name from the Heinz brand and its company slogan. No, not the "Heinz means beans" one... More like the slogan about having 57 varieties. This is because this specific type of bet is actually a collection of 57 different bets that you put on as a grouped or multiple bet all at once. But how does a Heinz bet work?
In order for you to be able to put on a Heinz bet, you must have six selections you want to cover. You will then be able to select the option of placing a Heinz bet and will be asked how much you wish to wager. The total bet will be split equally across all 57 individual bets.
How many bets are there in a Heinz
The Heinz bet is a full cover bet. It has 57 different lines that come together to create this grouped bet. It is built of 15 bets combined as doubles, 20 bets combined as triples (trebles), 15 bets combined as four-folds, six bets combined as five-folds, and a six-fold accumulator.
Why Would Someone Place A Heinz Bet
The reason that many people put on a Heinz bet as opposed to just putting on a six-fold accumulator is that unlike putting on an accumulator bet (single bets), your bet isn't completely lost if a single selection loses. In fact, you can still make a small profit if multiple selections are lost. But even when you don't make a profit a Heinz bet also allows bettors to minimise losses as well because you can still get a small return even if just two of your selections win.
Heinz Bet in Horse Racing
Because horse racing is slightly different to other sports, the Heinz bet works a little differently too. Sure, it can work the same way as other sports if you back six individual horses to win, but when betting on horse racing, you can also choose to bet each way. This pays out when a horse places in an individual race rather than winning it, giving you an additional option.
But to understand it, let's explain quickly how each way betting works. When you choose to place an each-way bet on a horse in a race, it usually comes at a cost of the odds that may be 1/4 or 1/5 of the original odds given to winning. To cover the possibility of your horse placing you have to double the stake of your bet as well. This means if you were going to bet 5 on your horse to win but decided to bet each way instead, your new total stake would be 10. However, it would now potentially pay out if placed.
Activating the each-way feature is also possible on a Heinz bet. Similar to a standard each-way bet, it essentially adds on another bet, which means your selections are doubled. So instead of just having 57 bets on, you would now have 114 bets. Whilst this doubles the stake of your bet, it also increases the chances of winning. An each way heinz bet not only pays out if a horse wins, but also if it places.
Heinz Bets in Football
When it comes to football, the Heinz bet also has its own quirks. This is due to the fact that rather than just backing a team to win, you can also cover the draw as well. Due to the extra options, it can be harder to predict the correct result because it's not just a case of win or lose. This does however sometimes mean the odds of the bets you do cover can be higher and yield more rewards when successful.
Heinz Bet Example
As we were discussing football betting, let's use it for our Heinz bet example. For the purpose of our example, we'll assume we have picked six different games from the Premier League and all the odds of the outcomes we backed were evens. For the stake, we've picked 57.00 because that leaves a nice even 1.00 on each individual bet that makes up the grouped bet.
If all six results come in, then from the information we're using for our example, this would return 716.00, which is a profit of 659.00. But, as mentioned, the reason why some people choose to place a Heinz bet is that not every result has to come in for a bettor to make a profit. It is possible to still make money even when a couple of results don't go the way you hope.
Take this example of a Heinz bet explained where two out of your six selections lose but four of them win. Whilst your six-fold accumulator and any five-fold accumulators do not have a chance of coming in, you are still able to win one four-fold, four trebles and six doubles. For your bet of 57.00, you would get a return of 72.00, which is a profit of 15.00.
If just one more selection had lost though then the bet no longer makes a profit but because there will have been a successful treble and three doubles you will still get a return of 20.00. This is a loss of 37.00 but you've managed to cut your loss because if at least five of the six bets had lost you will have lost the entire 57.00 bet.
Sometimes taking a small loss just like when you cash out a bet early is better than losing everything altogether.
Here's a table showing a full breakdown of how many bets would win depending on the outcomes of the six games bet on, and how much profit/loss there would be:
| Correct bets | 0 or 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| Doubles | 0 | 1 | 3 | 6 | 10 | 15 |
| Trebles | 0 | 0 | 1 | 4 | 10 | 20 |
| 4 Folds | 0 | 0 | 0 | 1 | 5 | 15 |
| 5 Folds | 0 | 0 | 0 | 0 | 1 | 6 |
| 6 Fold | 0 | 0 | 0 | 0 | 0 | 1 |
| Wins | 0 | 4 | 20 | 72 | 232 | 716 |
| Profit/loss | -120 | -116 | -100 | -48 | 112 | 596 |
Super Heinz Bet
Are you getting to grips with what a Heinz bet is now? Good. But it's time for a little more confusion... Did you know you can also get a super Heinz bet as well? You may be wondering what a super Heinz bet is and how it differs from the regular variety.
Well, the two bets are very similar. In fact, the super Heinz bet is just an extension of the regular one where you make seven selections instead of six. This extra selection added into the mix takes the regular Heinz bet from 57 to 120 bets for the super version. It consists of one seven-fold accumulator, seven six-folds, 21 five-folds, 35 four-folds, 35 trebles and 21 doubles.
Due to the larger number of bets, it does mean that winnings can be larger if all your selections come in. But if you decided to put 1 on per bet as in our example, this means you would pay 120.00 to place your bet, so due to there being more bets it can be more expensive if you bet by the stake per bet rather than settling on a total bet amount to be split.
Here is another breakdown of how the super Heinz bet works using the same figures as earlier:
| Correct bets | 0 or 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Doubles | 0 | 1 | 3 | 6 | 10 | 15 | 21 |
| Trebles | 0 | 0 | 1 | 4 | 10 | 20 | 35 |
| 4 Folds | 0 | 0 | 0 | 1 | 5 | 15 | 35 |
| 5 Folds | 0 | 0 | 0 | 0 | 1 | 6 | 21 |
| 6 Fold | 0 | 0 | 0 | 0 | 0 | 1 | 7 |
| 7 Fold | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Wins | 0 | 4.0 | 20.00 | 72.00 | 232.00 | 716.00 | 2,172.00 |
| Profit/loss | -120.00 | -116.00 | -100.00 | -48.00 | 112.00 | 596.00 | 2,052.00 |
When To Use The Heinz Bet
The majority of betting experts would suggest that these types of multiple bets are designed more for experienced bettors. But as you can see, they are quite easy to understand and follow and give you the chance to win even if all your results don't come in. We know what a Heinz bet is, we understand how they work and that you can still make a profit even when all your bets don't come in. But when is a good time to use one?
Well, it is always a good idea to use these bets when you're short on time because if you were going to cover several outcomes anyway, it saves you time putting on loads of individual bets as you can do it all in one swift action. It can also be handy to use these multiple bets when you're maybe unsure of your decision to back a certain outcome in one of your selections, because even if something does go wrong you still have a chance of getting a return, or worst case, minimising your losses.
It's not all positive though, there are some downsides to a Heinz bet as well such as the fact that every bet has the same value, and you can't adjust the value of certain bets such as doubles to increase their returns. Everything has the exact same split across the board. Some people may also think that having to put 57 bets on can be expensive too, and it can be, but as long as you know your limits and you stick to them, you will be fine.
How To Place A Heinz Bet At LeoVegas
Now you know what a Heinz bet is, it's time to learn how to place one and we're going to use football as yet another example for this process.
The first thing you want to do before getting started is log in to your account. If you don't have one yet, the registration process is easy.
Next, head over to the banking section and deposit funds into your account. Remember not to gamble more than you can afford to lose. You can set your deposit limits to stop this from happening and allow you to gamble responsibly.
Now you're ready to start building your bet up. All you need to do is pick six matches and these can be from any combination of leagues or competitions such as:
- Manchester United vs Manchester City
- Sheffield United vs Hull City
- Wrexham vs Notts County
- Marseille vs PSG
- 1860 Munich vs Wolfsburg
- Inter Milan vs AC Milan
Next, you pick what you expect the result to be in each game, which may look something like this:
- Manchester City
- Sheffield United
- Wrexham
- PSG
- Wolfsburg
- Draw
Now you have your selections, if you click the odds for which ones you want to back and they should appear on your bet slip. Open your bet slip up and click on your multiples box on your betting slip to reveal all the special grouped bets available.
Put your stake into the Heinz bet box. Remember this will split your stake equally between all 57 bets. Once you're happy, click Place Bet and enjoy watching football as you wait to see if your bets come in.
Conclusions
Hopefully by the time you've reached this point we've been able to help you understand a little bit more about the Heinz bet. From what it is to how it works, the benefits and disadvantages of it and even why it's called a Heinz bet in the first place.
If you feel like placing a Heinz bet might be for you, make sure you fully understand everything we've explained so far, and then if you still want to give it a try you'll be happy to know you're able to place Heinz bets with us right here at LeoVegas Sport.