Worth remembering that every time you add another event to your accumulator, you have to 'beat' the bookies profit margin of 10-15% again on each match.
In the following simple example, imagine picking five teams to win, each of which is priced at Evens (implying 50% probability) but infact (because of the bookies margin) the actual probability in each case is 45% (ie. they should have been priced at approx 6/5).
If you win the bet (to a £10 stake), you will actually win £320.
However you should have won £515 or fully 61% more, had the odds been 6/5 and not Evens.
It's little wonder bookmakers love offering accumulators. It is a far more viable long-term strategy to bet on singles (or perhaps doubles at a push) even if you miss the occasional rush of a big accumulator win.
I won £87 once but stopped doing them when I missed out on a big payout by stupidly adding Rangers to beat some small team at the last minute. They drew -it cost me the bet and had they won the odds were so poor it wouldn't have added much!
Final day of the PL season a couple of years ago, when Newcastle got relegated and I think it was Scunny that won the playoff final same day, I did 7 or 8 teams, can't remember the stake and picked up a tidy £500.00+
Not footie, but got a huge surprise when I did a Ladbrokes lucky 15 earlier this year spent £3.00 got £191.00 back,,,and I aint got a clue about horses!!
I put £1.00 on a 10 fold about three seasons ago, when I got home from a night match to check the results I realised that 9 out of 10 results came in, I hadn't realised that Marseilles v Porto was the day after, I also had Marseilles to win so to make sure I actually won something I put £30 on Porto to win or draw = win win.
As it turned out Porto did win so I still ended up on top.
I don't bet so have no idea how much the average punter wins or loses every year. Would be interesting to know a few stats and try to understand the allure of what I see as a no win pastime.
I do a 50p Lucky 15 every week on 4 correct scores best win was 330 when 3 came in 2 correct normally gets me between 30-40 quid if all 4 come in I'm looking at about 7-10 grand lol most weeks get 1 in for half me money back lol
Accumulators means all teams/horses must win and an x fold is the same thing ie 4 fold means u bet on 4 horses/teams to win the bets are all added together
Usually do a £5 win 7 match accumulator. Never pick a team where the odds are less than evens and I never usually win. But over the the years, I have had a £2500 and a £1700 come in. Probably lost more than I've won but of course, it's just for fun....
Comments
In the following simple example, imagine picking five teams to win, each of which is priced at Evens (implying 50% probability) but infact (because of the bookies margin) the actual probability in each case is 45% (ie. they should have been priced at approx 6/5).
If you win the bet (to a £10 stake), you will actually win £320.
However you should have won £515 or fully 61% more, had the odds been 6/5 and not Evens.
It's little wonder bookmakers love offering accumulators. It is a far more viable long-term strategy to bet on singles (or perhaps doubles at a push) even if you miss the occasional rush of a big accumulator win.
As it turned out Porto did win so I still ended up on top.