trophy

BOOKMAKER OF THE MONTH

Using Full Cover Bets on sports betting

Multiple parlay bets exist in two different types: the ones you have to choose which combinations you bet on and the so-called full cover bets, where all possible combinations are covered by just clicking once and placing the same amount on every bet choice. Both of them have their strong and weak points.

You should always have in mind that the key to success is stability and patience. Don’t give up if you have four or five consecutive losing parlays. You’re strongly recommended not to toggle into parlay bets and single bets depending on your mood or your remaining bankroll. If you’re about to follow a certain strategy, you should try it out for a certain period and then come to a conclusion whether it suits your playstyle.

Small parlays: A perfect cover bets start

All online bookmakers offer a vast combination of multiple parlays. You should choose the one that fits your play style, but if you’re a beginner, the best way to learn how a parlay works is to start off with small parlays that consist of three or four matches.

So, how does a full cover parlay work? The core idea is that you win money even if you miss one or several other matches. But at most of the times this means you have to divide your total stake to dozens of bets, that are weakening your possibilities of earning a sustainable profit.

Where to place your parlay bets

22bet
7.8/10
7.8/10

Players Rating: (11 Rates) 7.3

8.3/10

Players Rating: (17 Rates) 6.8

1xBet
100% up to €130
Exclusive Code: BOOKSPY
BOOKSPY
exclusive
VISA
Mastercard
Bitcoin
Add Exclusive Promo Code: BOOKSPY. Get €130 or 30% Extra Bonus in local currency.
Sportaza
100% up to $100
Exclusive Code: BOOKMAKERSBET
BOOKMAKERSBET
exclusive
VISA
Mastercard
Paysafecard
22bet
7.8/10
7.8/10

Players Rating: (11 Rates) 7.3

8.3/10

Players Rating: (17 Rates) 6.8

1xBet
100% up to €130
Exclusive Code: BOOKSPY
BOOKSPY
exclusive
VISA
Mastercard
Bitcoin
Add Exclusive Promo Code: BOOKSPY. Get €130 or 30% Extra Bonus in local currency.
Sportaza
100% up to $100
Exclusive Code: BOOKMAKERSBET
BOOKMAKERSBET
exclusive
VISA
Mastercard
Paysafecard

The "full-cover" parlays

paypal bookmakerOnline bookmakers advertise their “full-cover” parlays. These are multiple parlay bets, where you can place even 247 different bets on just one click, as soon as you have eight matches available and set the Goliath choice. Surely, there is a lot of anticipation when placing such a wager, even more so if you manage to win many of your selections.

However, you should accept the fact that you might have to adjust your playstyle in order to be profitable in the long run. Choosing these “full-cover” parlays means you bet on all the possible parlay combinations (except for singles), depending on your chosen wager. Let’s have a quick look:

Trixie (3 matches, 4 bets): 3 doubles, 1 treble.

Yankee (4 matches, 11 bets): 6 doubles, 4 trebles, 1 fourfold

Canadian (5 matches, 26 bets): 10 doubles, 10 trebles, 5 fourfold bets, 1 fivefold

Heinz (6 matches, 57 bets): 15 doubles, 20 trebles, 15 fourfold bets, 6 fivefold bets, 1 sixfold bet

Super Heinz (7 matches, 120 bets): 21 doubles, 35 trebles, 35 fourfold bets, 21 fivefold bets, 7 sixfold bets, 1 sevenfold bet

Goliath (8 matches, 247 bets): 28 doubles, 56 trebles, 70 fourfold bets, 56 fivefold bets, 28 sixfold bets, 8 sevenfold bets, 1 eighfold bet

Advantages of full cover bets

This is an easy and safe way of placing a parlay bet, but is it the best one? We all agree that placing hundreds of bets simultaneously is convenient, but dividing your total stake into several little pieces (even cents) is not the wisest thing to do.

The vast majority of high roller punters, who like placing parlay bets, only prefer the “Trixie” and “Yankee” ones. Missing one of three or two out of five selections shouldn't be a bother as you will receive a payout close to your stake, especially if you picked odds close to evens.

What about placing a Super Heinz or a Goliath? It’s recommended only if you feel confident on picking odds that surpass 2.00 (reaching 2.50 or even higher). So, if you place a Goliath with eight matches, you get a tiny profit even with three winning matches (below 50% winning percentage) and as your successful choices increase, so does your profit. But remember, placing a Goliath will divide your stake to 247 different bets. You need almost €250 just to place €1 on every bet.

Profit with few wins

If you like chasing high odds, full cover bets are for you, as you can ensure profit with the absolute minimum of winning bets. In case of outsider wins, draws, half time-full time selections, or even correct scores, you can get some money even with two wins, no matter how many you have built together.

A common punter mistake is placing high risk bets and not including doubles or trebles. In case you select six matches, you try to divide your stake as less as possible and place a 4-5-6 parlay bet (total 21 bets) instead of a Heinz (57 bets). But in this case you’re risking of getting nothing in return even if you win three out of six, something that is already difficult.

How to divide the amount

Let’s look at another example: If you’ve decided to bet on 5 draw results, all in 3.00 odds, which would be the best way to divide your stake? By placing a Canadian you get 26 different bets, but if you only place the doubles and the five-fold bet you get less than half (11 bets). Suppose you have a total amount of 26 euros. In the Canadian you place 1 euro on each bet and by covering only the doubles and the fivefold you place 2.36 euros per bet.

Let’s see what you get in both cases:

2 winners: Canadian:9 euros | Doubles-Fivefold: 21.24 euros

3 winners: Canadian: 54 euros | Doubles-Fivefold: 63.72 euros

4 winners: Canadian: 243 euros | Doubles-Fivefold: 127.44 euros

5 winners: Canadian: 998 euros | Doubles-Fivefold: 785.88 euros

In case of two or three winners, which is most likely, the second parlay bet will give you more money. Even with a complete success of five out of five right picks, the doubes-fivefold bet will award about 80% of the total Canadian winnings. The worst case scenario is winning four bets, as you'll get around half the winnings of the Canadian bet.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Surely the most basic roulette bet type you can think of is the old red or black. The rule is simple. You bet one chip and if you guess right, you get...

Read more »

Need the quinella bet explained to you? There are key differences between quinella bets and other wagers you can place, such as an exacta you need to ...

Read more »

A few years ago, most people would not believe that cryptocurrencies and traditional banking methods could have such a high level of synergy. Neverthe...

Read more »

Cricket is one of the most popular sports globally, even more so in the British Commonwealth countries like India, Australia, and the UK. What makes t...

Read more »

When looking for betting tips online or in print, you may have come across a horse racing point system before. You need to be familiar with what is a ...

Read more »

How much time do you spend analyzing each match before you place a bet? If you tend to make quick decisions, then a couple of minutes should be enough...

Read more »

A draw can occur in competitive sports when the final result is similar or at least inconclusive. When it comes to betting, deadlocks can sometimes be...

Read more »

Given that the main purpose of sports betting is to win as much money as possible, developing a way of calculating profit will inevitably become a cor...

Read more »

The world of cryptocurrencies is a unique beast. The same goes for the terms used within the community and users, which have been forged in the tradin...

Read more »

If you are a beginner and want to start with the simplest type of bets, Singles are a great option with an excellent chance of winning. Single Betting...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Sportaza
  • Few country restrictions
  • 35+ sports
  • High odds on secondary bets
  • Code:BOOKMAKERSBET
100% up to $100
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Anonymbet
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:bookmakers
120% up to $100
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
150% up to €150
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
LeoVegas Sports
  • High average payout of 95% +
  • Best odds guaranteed on UK & Irish horse races
  • Live streaming feature
High Odds
Mr Sloty Sports
  • Few country restrictions
  • 30+ sports
  • Multiview Feature
  • Code:WSPORT501
50% up to $100
Royal Oak Sports
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:WELCOMESPORTS
100% up to $100
Mystake
  • Few country restrictions
  • 1,000+ pre match events daily
  • 400+ football markets
100% up to $500
Wallacebet
  • Few country restrictions
  • 30+ sports
  • Card & Corner Bets
  • Code:BMSB180WB
100% up to €180
Librabet
  • 35+ sports
  • Cards & Corners
  • 20+ Payment Options
100% up to €250
Leonbets
  • Few country restrictions
  • 15+ years of experience
  • Fast Markets
VIP Rewards
LATEST BOOKMAKER PROMOTIONS