What is a Lucky 31 Bet and How Does It Work?

Lucky 31 consists of 31 different bets of equal value on selections in five different events. ‘All winners’, ‘one loser’ and ‘one winner’ are the scenarios to which most bookmakers apply a bonus. Each way bets are usually excluded from this. This betting guide will show you exactly how to use the Lucky 31 bet, so keep reading.

Lucky 31 bet explained

If you use a Lucky 31 bet, you only need one of your selections to win to receive a payout. As you add more winning selections, your returns increase, often significantly, thanks to the doubles, trebles, fourfolds, and fivefold bets being settled. This bet is popular among horse racing enthusiasts and frequently used during Royal Ascot. 

Made up of 31 stakes, Lucky 31 includes five selections, resulting in a £1 Lucky 31 would result in an overall stake of £31. This type of bet includes 5 singles, 10 doubles, 10 trebles, 5 four-folds accumulators and one five-fold accumulator.

Players looking for a bet with a high chance of a return should consider the Lucky 31, similar to the Lucky 15 bet. It allows for 31 stakes from five selections, potentially leading to significant rewards.

It’s important for those considering a Lucky 31 to be aware of the risks. With a higher number of bets, it costs more than a standard bet. Each additional bet increases the original stake, resulting in a multiplied amount for the total stake. For example, a £5 original stake would become £155 due to the £5 being placed on each of the 31 stakes.

Why should you place a Lucky 31 bet?

A Lucky 31 gives a great opportunity when you have five single bets in different events, and you fancy each to win. If you want protection on your bet, Lucky 31 is the right to go. The Lucky 31 offers the opportunity to support all options while also providing the chance to win big, even if a few selections have yet to come through. Placing a Lucky 31 is a faster and simpler alternative to placing 31 individual bets, making it ideal for the upcoming prestigious event, Royal Ascot.

Lucky 31 bet calculator

Some betting sites provide bonuses and consolation prizes for lucky 31 separate bet stakes. These rewards differ among different companies, but receiving a 20% bonus on your winnings is typical if your selections are successful. Additionally, if only one selection wins, the odds are doubled as a consolation prize. Companies might also offer a bonus if 4 out of 5 of your choices win. For these bonuses and consolations to be applicable, all selections on your betting slip must participate in the race, and they only apply to the win part of each way bet. Lucky 31 stakes usually only apply to horse race betting and greyhound racing. 

Calculating your winnings from a Lucky 31 is easy. The calculator can also help users make the most of the free bet bonuses they have claimed from online gambling sites. By placing an informed stake using bet credits, they stand a better chance at changing the bonus funds into real money that can be withdrawn! There are four main ways you can go about it; let’s see below:

Check the Betting Slip

Every time you make a bet, the bookmaker will show the potential total returns on the slip. 

Use a Lucky 31 calculator

Many Lucky 31 calculators allow you to calculate the winnings by putting your odds and selections. These even allow for each way bets in a Lucky 31 (of which more shortly), void bets/non-runners, dead heats, and even bookies’ offers. To calculate a Lucky 31, you must combine the odds from all 31 selections.

Calculate manually

Depending on how many of your four selections won. You may have just one bet to work out or have 31. If you are familiar with access basics, you should be able to check your returns manually easily enough.

Check your returns

Bookmakers rarely get basics such as returns from a bet wrong, and whilst it may well pay to check, you could assume that the bookie has got it right. If you are happy to do that, at most bookmakers, you can see your returns via My Account or My Bets (settled).

A free bet calculator makes calculations easy, as most interfaces are user-friendly. However, if you calculate manually, your initial step is to determine the fifteen winning bets from the outcomes of the four legs. Once you have sorted this out, you can calculate the total wager winnings by adding up the successes from each bet.

How does an each-way Lucky 31 work?

An each-way Lucky 31 involves placing each-way bets on all the selections, resulting in a total of 62 bets. The total stake for this type of bet is twice the amount of a standard Lucky 31. You can receive payouts for horses that place and those that win. This betting option is offered daily during the Royal Ascot meeting and can benefit your wagers. 

Typically, betting bookies provide odds of 1/5 for the place part of Lucky 31 horse racing each way bets. So, if you placed a £1 each-way bet (total cost £2) on a 5/1 horse and it placed, you would receive a payout at even odds. This means your return would be your £1 profit, combined with the returned £1 stake for the winning place bet.

Therefore, it is advisable to prioritize choosing options with each-way place payouts that exceed your initial bet. Otherwise, you may lose money on certain bets despite your horse placing.

What is the difference between a Lucky 31 and a Canadian Bet?

If you want to bet on five low-odds choices, a Canadian bet could be more affordable than a Lucky 31. Suppose the individual returns on your selections could be more impressive regarding odds. In that case, you should allocate more of your total bets towards the combination bets, which have the potential to result in larger payouts when combined. A Lucky 31 is the complete coverage variation of the Canadian wager. Unlike Canadians, they do not incorporate the individual bets found in a Lucky 31. It comprises 26 bets: 10 pairs, 10 triples, five groups of four, and one fivefold accumulator. A single £1 bet on a Canadian will cost £26. 

Lucky 31 and Lucky 63 Bet | What’s the difference?

Both bet types are similar in structure to Lucky 15 but feature more selections. A Lucky 31 requires five legs and has. It includes five singles, a solitary fivefold accumulator bets, 10 doubles, 10 trebles, and five fourfolds—a Lucky 63 featuring 63 bets made using six selections. A Lucky 63 has six singles and one sixfold, plus six fivefold accas, 15 doubles, the same number of fourfolds, and 20 trebles. The only other difference is in terms of promotions for these bets. Offers, be they for getting one winner only or landing all your choices, increase the more selections your stake includes.

Can you place a Lucky 31 at Royal Ascot?

During the Royal Ascot event (June 20-24), there are 35 races, with seven occurring daily. This provides ample chances to participate in a Lucky. You can place a bet daily or two Lucky 31s covering the eight Group 1 races held during the week, including the highly coveted Gold Cup. You can find amazing Royal Ascot betting offers and free bets.

Conclusion

A Lucky 31 is a good bet if you enjoy multiple bets. These are often popular for those watching racing on the TV.

It is crucial for everyone placing a Lucky 31 to understand the potential risks involved. Since many bets are involved, a Lucky 31 requires significantly more investment than a regular one. With every stake, the individual is increasing their original stake substantially.