How to Work Out Your Double and Treble Odds With One Winner on Your Lucky 15,Lucky 31 and Lucky 63 Bets.
This article will tell you how to work out your winnings when having one winner on your Lucky 15 bets
Most bookmakers pay double odds on one winner in Lucky 15 bets - and some bookmakers pay you treble odds - below is how to work out both options.
If you have one winner at 4/1 that is fairly obvious,you get odds of 8/1,double the odds.
But what if the winner is an awkward price like 13/8 or 15/8? - just as simple and quick to work out.
Two ways of quickly working out the odds you get paid - by the way you should be able to work out odds on single bets - lots of previous articles will explain this to you quickly.
15/8 single winner in Lucky 15 bet.
As mentioned 2 ways to work out the odds you get paid.
Firstly you can get new price by changing odds for that double odds payout.
15/8 now becomes 30/8 (you have doubled the left side of fraction to double odds).
So,simply divide 38 by 8 = 4.75 which is £4.75 for a £1 Lucky 15 bet with one winner at 15/8.
If you have a Lucky 15 for,lets say,.25p just do a further calculation 38 ÷ 8 X .25 = £1.1875.
A quicker way,same odds 15/8 one winner.
This time just double whatever stake you have and work out single bet.
If you are a regular punter you should know the payout for every price to a £1 unit - if you know the odds to a £ stake(or any other currency) you know the odds to .50p,.25p,or £10,or £5 - automatically (previous articles explain this more fully).
So,lets say you have a Lucky 15 again with a 15/8 winner at .50 bet unit.
You get double odds,but no need to work out new price.
Simply work out double amount of what you have bet in - so in this case you want odds to a £1 (you bet with .50p units).
You know £1 wins £2.87 for a pound - but you do not get that much.
You have included your stake twice,so simply deduct .50 from that total which means you get £2.37 returns for .50p Lucky 15 with one 15/8 winner.
More examples - with £1 stake units.
7/4 winner in Lucky 15 New Price - new price is 14/4 calculation 18 ÷ 4 = £4.50
7/4 winner double your stake to £2 win at 7/4 = £5.50 less one stake unit = £4.50.
11/8 winner - new price 22/8 calculation is 30 ÷ 8 = £3.75.
11/8 double odds - £4.75 less one stake unit = £3.75.
The 2 examples above are to a £1 unit,just multiply by unit stake if using new price,or,if you are calculating returns for double stake, just adjust your mental calculations to the unit you are betting in.
Some bookmakers pay treble odds.
Exactly same procedure as double odds.
Same odds as above 7/4 winner.
This time just treble the left hand odds.
So,7/4 becomes 21/4 ( £6.25 for £1.)
And if you prefer to work it out mentally,you now need to put £3 win at original odds which wins £8.25 - don't forget you now need to take away 2 units to get correct price,so deduct £2 which give you the correct return of £6.25.
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