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What’s The General Idea Behind Full Cover Bets And How To Use Them? /

What’s The General Idea Behind Full Cover Bets And How To Use Them?

So you're wondering, what are full cover bets? Well, we have the answer. Simply put, it's a combination of bets that can be doubles, triples, or accumulators. If it's a double bet on two separate outcomes or more, then both must win in order to secure a payout. So if there are two winners in a Trixie bet, then you still win the overall bet. Unfortunately, the payouts are much smaller than if you were betting using parlay bets.

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Introduction: What are Full Cover Bets?

Many gamblers are both mystified and slightly intimidated when they hear the term “full cover bet”. You probably know them if we mention some popular ones like “Trixie” and “Accumulator”. While it’s perfectly true that they can be a bit of a headache to understand, they do offer the possibility of some pretty high payouts. But most gamblers will hear the term and immediately think of all the intricacies and decide to give them a miss. But in doing so, they are also missing out on the chance of a nice payday. So what are full cover bets?

The more risky cousin of full cover bets are parlay bets. But these latter bets come with a much larger payout. Both are pretty similar in the way that they operate. If we’re going to be talking about full cover bets, then you must have a full understanding of parlay bets, otherwise, you’ll be lost.

What is the General Idea of a Full Cover Bet?

First the basics. Full cover bets have between 2 – 8 selections. And each of these selections is a bet in its own right. Now, this selection can be on any type of bet, so prop bets and money-line over/under bets can be included under full cover bets. Let’s take a look at a bet on the Dallas Cowboys beating the Texans. Now, this bet may payout at 4 to 1. if you made that bet on the game, plus 2 – 7 other bets as well, then that would all be classed as a single full cover bet. The important takeaway is that all these bets can be of a different type and yet still fall under the same full cover bet.

And here we come to the major difference between the full cover bet and the parlay bet. The latter requires all your selections to win to secure a payout. For full cover bets, there’s always some payout provided two wins, even if all the selections don’t come in as winners. Don’t say that we don’t give you the best jackpot winning tips and tricks!

Pros of Full Cover Bets

For one thing, they have less risk as you still receive a payout if you have selected two winners.

Cons of Full Cover Bets

You’ll receive smaller payouts than you might get using parlays, even if you win all your selections.

How Do Double Bets Work?

This is the smallest of all the full cover bets you can make. In truth, you can look at the double bet as a parlay where two of your selections must win to secure a payout. Because these bets contain the least amount of items, they are easier to explain. Once you get the hang of double bets, then more complicated parlay bets will be more self-explanatory. Oh, and just to add some more spice into the mix, this type of bet has a different name depending on whether you’re in the US or Europe. In the US a double bet is when the punter doubles the bet amount. So he’d be betting $200 instead of $100. We need you to ignore this approach.

In Europe, a double bet is a parlay where the punter makes two selections with both needing to win to secure a payout. You can place a full cover bet with 22BET Sportsbook and you can be certain that you’ll be in good hands.

Now, let’s put on our math hat to help you understand one of the best jackpot strategies. To calculate the return on double bets follows the example below.

So, Liverpool is playing Arsenal and has odds of 4/1 (Odds A). Separately Burnley is playing Chelsea and has odds to win of 2/1 (Odds B). So you make a $4 stake on both Liverpool and Chelsea winning. Let’s have a look at the return.

Returns = stake * (oddsA + 1) * (oddsB + 1) = x

Profit = Returns – Stake = x

Returns = $4 * (4/1 + 1) * (2/1 + 1) =

Returns = $4 * (5) * (3) = $60

Profit = $60 – $4 = $56

So with a parlay bet you can win the football jackpot for a small initial stake. In this case $56 from just $4. This is what draws punters to parlay bets, but as the potential profit increases, so does the overall risk. It’s also the main reason why sports bookmakers love parlay bets. Though the potential payouts might be higher, your average punter is going to struggle much more to win a parlay bet.

Check out the 22BET Sportsbook for the latest eSports odds

What are Full Cover Bets? Types of Parlay Bets

So, now we know that the double bet is the simplest form of parlay bets, then we can see that they are similar to more complex parlay bets. We can use the same formula for calculating double bets and apply it to more complex bets like trebles, accumulators, and much more. Remember that each additional bet must-win for the payout to be triggered.

Double – a single bet of 2 bets

Treble – a single bet of 3 bets

Four-fold accumulator – a single bet of 4 bets

Five-fold accumulator – a single bet of 5 bets

Six-fold accumulator – a single bet of 6 bets

Seven-fold accumulator – a single bet of 7 bets

Eight-fold accumulator – a single bet of 8 bets

How Do Trixie Bets Work?

While double bets are the simplest form of parlay bets, so Trixie bets are the simplest form of full cover bets. That’s got you scratching your head! Now pay attention! We know that a double bet consists of 2 selections that must both be correct to secure a payout. A Trixie bet is a selection of 3, for which 2 must be correct to score a payout. So, if only one of your selections comes home then you don’t win anything. Just to add to the confusion, a Trixie bet consists of a total of 4 bets! That’s 3 bets on each of your selected expected results. And then a 4th bet is automatically made on all 3 of your selections all winning together. Phew!

What are Full Cover Bets? Other Full Cover Bets

So we know that full cover bets can be a combination of doubles, triples, and accumulators. Here are some more types of full cover bets:

The 22BET Sportsbooks lets you make full cover bets which are made of combination bets of doubles, trebles, and accumulators.

Trixie has three selections

Yankee has four selections

Canadian has five selections

Heinz has six selections

Super Heinz has seven selections

Goliath has eight selections

The Goliath is super complicated and covers 247 individual bets.

So now you know what are full cover bets. All of these are exciting wagers to make. Use them to increase your jackpot winning chances. And they’re even more fun if you like to watch a number of games at the same time.