Full Cover Betting Uncovered

Often used by experienced bettors, full cover betting is an advanced category of betting where users can use essentially a package of bet which contains multiple betting lines. These types of bets are usually undertaken in order to increase the chance of a payout and mitigate risks. Despite being in vogue at most bookmakers, full cover betting is still not understood by most, especially new bettors. It is worth noting that a full cover bet is essentially a betting strategy. If you have heard terms such as Trixie, Yankee, Heinz etc. and have ever thought “what’s a Trixie?” this article is for you. In this piece we shall try to explain what full cover bets are, how they work, how many types of such bets are there and their pros and cons.

What are Full Cover Bets?

A full cover bet is simply a combination of multiple bets which may include parlays, doubles, trebles, singles and even four-fold bets and higher. When a bettor is gearing up to bet on a treble, for example, they need at least 3 results to go in their favor before expecting a payout. And such is the story with regular parlay betting. But if they were to choose a full cover bet, then the payout is not dependent on all the results going in the bettor’s favour. In fact, a user can get paid even if one or more of their bets end up losing out of the whole package.

Types of Full Cover Bets

Following are some full cover bets that do not include single betting lines:

• Trixie
• Yankee
• Canadian
• Heinz
• Super Heinz
• Goliath

Following are some full cover bets with single bets included:

• Patent
• Lucky 15
• Lucky 31
• Lucky 63

The final 3 full cover bets are called lucky because most UK bookmakers allow bonuses for winnings falling under these bets. Double odds for at least one winner within one of these full cover bets are one of the very common bonuses offered in the UK.

Full Cover Bet with an example:

For the purposes of this example, let’s use the Trixie bet system.

Number of selections to cover: 3 (A, B and C)

How many bets in a Trixie: 4

Alternate: Treble, covering all 3 bets

In this example, compare the performance of Treble and a Trixie. The treble covers all three selections but even if one of your selections between A, B and C loses, you lose the entire stake. On the other hand, in a Trixie you cover the following 4 bets:

• 1 double considering A and B
• 1 double considering B and C
• 1 double considering A and C
• 1 treble considering A, B and C

Since the Trixie contains 4 bets, if you place a Trixie of 1 GBP, your final stake would 4 GBP which includes 1 GBP for each betting line contained within. Let’s consider that each of these bets are having odds of 3/1. This simply means that if you are to win one of these bets, your payout would be 4 GBP including your stake.

When you roll out a double, the odds are multiplied, hence in case of both A and B winning, you get 16 GBP instead of 8 GBP. The same goes for other double combinations. If A, B and C all end up winners, you win the treble which means the odds are again multiplied resulting in a payout of 64 GBP. But as you hit all of the doubles at the same time, your total payout becomes 64 GBP from the treble plus 48 GBP from the doubles equaling 112 GBP. This is the beauty of the full cover as by putting in just 4 GBP you can get paid 18 times higher.

Another advantage, in this case, would be that if both A and B end up winning, you get a payout of 16 GBP which covers your stake and enough to roll out another bet. Had you gone for 3 singles, the payout would be 8 GBP. If you had gone for the treble your payout would be zero as all three need to come up as winners for you to get anything from a treble.

Patent:

A patent is a Trixie bet that considers the single bets as well. Hence for a Patent, there would be a total of 7 bets as follows:

• 1 double considering A and B
• 1 double considering B and C
• 1 double considering A and C
• 1 treble considering A, B and C
• Single considering A
• Single considering B
• Single Considering C

In order to place 1 GBP patent, your total stake would become 7 GBP, 1 for each betting line. Now let’s transpose one of the above scenarios onto Patent. If both A and B win, each having odds of 3/1 as before, 2 of your single bets win paying you 4 GBP each, one double wins paying you 16 GBP. Your total payout is 24 GBP and net profit becomes 17 GBP. If you had gone for a Trixie, your total payout would have been 16 GBP and net profit would have been 12. So that is a 5 GBP extra profit right there.

What is a Trixie Horse Bet?

Whether you are betting on horse racing or other types of racing or sporting events, the basic constituents of a Trixie bet remain more or less the same. However, these bets are often associated with horse racing or racing in general since these are the gambling segments that first started to bank on full coverage bets to mitigate risks and assure payouts.

What are the Down Sides of  Trixie?

In order to understand the downside of a full cover bet such as Trixie, let’s look at the flip side and assume you were not so lucky. In the example shared above, we have considered 2 or 3 of your selections coming up as winners. But taking Trixie as an example, let’s assume only A comes up as a winner. In that case, all your bets lose since you do not qualify for any of the doubles and a treble is out of the question. But in case of Patent where you include the single bets as well, if only A were to win, you get a 4 GBP payout. But your total stake was 7 GBP thanks to 7 lines of betting. Hence you actually lose 3 GBP. But had you bet only on a single bet of A, you would be having a 3 GBP profit instead.

The primary function of full cover bets is to mitigate risks and guaranteeing at least some payout. For the larger cover bets, it is possible to get a payout with only 2 or 3 selections winning and the payout just edging out the stake involved. Considering average case scenarios, mostly your selections with coverage bets would yield low amounts of payout as your stake becomes higher and the risk is spread over a large number of bets.

Now that we have discussed Trixie is detail, let us take a look at some of the other full cover bets as well:

• Yankee: This bet contains 4 selections and 11 bets in total including 6 doubles, 4 trebles and 1 four-fold. Since there are no single bets, once again you need at least 2 selections to win to get a payout. Stake is 11 times (1 X 11 betting lines).
• Canadian: Same principle as above but over 5 selections. This results into 26 bets including 10 double bets, 10 treble bets, 5 four-folds and 1 five-fold bets. Stake is of course 26 times.
• Heinz: This full cover bet includes 6 selections resulting in 15 doubles, 20 trebles, 15 four-folds, 6 five-folds and 1 six-fold bet. As there are a total of 57 bets to be covered, the stake is 57 times. Minimum 2 selections are required for a payout.
• Super Heinz: A 7 selection cover bet which includes total 120 bets including 25 doubles, 35 trebles, 35 four-folds, 21 five-folds, 7 six-folds and 1 seven-fold bet. Stake is 120 times.
• Goliath: As the name suggests, the Goliath is the largest full cover bet allowed which contains 8 selection and a whopping 247 bets. These include 1 eight-fold, 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds bet. Stake is 247 times of course. Goliath, Super Heinz and Heinz are usually pretty rare due to their complexity. A lot of the times bets like Goliath are placed for fun instead of genuine betting purposes.

Following are the Full Cover Bets that Contain Singles:

• Patent: Same as Trixie but contains 3 single bets as well. One selection win can generate a payout. Total 7 bets mean stake is 7 times.
• Lucky 15: Same as Yankee with 4 selections but contains 4 single bets on top. Total stake is 15 times and requires only one selection to win for payout.
• Lucky 31: This is the same as Canadian but contains all of the 5 single bets as well. Results in total 31 bets, a stake which is 31 times and pays out if any of the selections win.
• Lucky 63: Same as Heinz with the 6 single bets added on. Any single selection win can result in a payout. The required stake is 63 times.

As mentioned earlier, these bets are called lucky because bookmakers often provide bonuses on one or more selections winning under these bets.

• Alphabet: An Alphabet is a special kind of full cover bet that is mostly used for horse racing and/or greyhound racing. An Alphabet has 6 selections but contains 2 Patent. First Patent contains selections 1, 2 and 3 and all of their 7 associated bets. Second Patent contains selections 4, 5 and 6 and all of their 7 bets. The cover also has a Yankee consisting of selections 2, 3, 4 and 5 and a six-fold accumulator containing all of the selections. An Alphabet has 26 bets in total and the stake is appropriately 26 times.

Why Large Full Cover Bets are Not Always Appropriate?

One of the obvious reasons to potentially avoid full cover bets is the increase in stake amount. For most parts, low to mid-range players do not indulge in very high volume or high limit betting. With a limited amount to wager as a stake, either a player has to divide that amount into many small parts for a full cover or shell out a large amount of money (247 GBP for Goliath for example). Due to the division of stake into very small amounts, often the payout is not that exciting even after a successful full cover bet heist. On the other hand, with a large stake, any bad luck where most or all of the selections fail to win leads to a large hit to the bankroll. Hence full cover bets should be considered mostly as a tool to be deployed only under specific circumstances. If you see a handful of selections and are quite sure about the outcomes, then full cover bet can be used as a means to increase the payout. Most experienced bettors prefer Trixie or at the most Yankee as their preferred full cover bet. Application of Heinz, Super Heinz and Goliath are next to none.

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