A full cover bet is a bet that covers all combinations of multiple bets such as doubles, trebles, etc. It is also known as a combination bet or a multiple bet. For example, if you make a full cover bet on three selections: A, B, and C, you are making the following bets:
3 doubles: AB, AC, BC
1 treble: ABC
A full cover bet can be made on any sport or event that has two or more possible outcomes, such as football, basketball, baseball, hockey, tennis, or soccer.
A full cover bet works by multiplying your stake by the number of bets and by the odds of each bet. The odds are usually expressed in decimal or fractional format. For example, if you make a full cover bet on three selections: A, B, and C with the following odds and payouts:
A: 2-1 ($20)
B: 3-1 ($30)
C: 4-1 ($40)
And you use a $5 stake for each bet, you will get the following payouts if all three selections win:
3 doubles: $5 x 2 x 3 = $30; $5 x 2 x 4 = $40; $5 x 3 x 4 = $60; Total = $130
1 treble: $5 x 2 x 3 x 4 = $120
The total payout for all three selections winning is:
However, if any of the selections lose or draw, you will get a lower payout or lose your entire stake.
Why Make a Full Cover Bet?
There are several reasons why you might want to make a full cover bet. Some of them are:
Profitability: Making a full cover bet can help you increase your profitability and return on investment (ROI) in betting. By betting on multiple bets with higher odds and payouts, you can maximize your potential winnings.
Entertainment: Making a full cover bet can help you enjoy more entertainment and thrill in betting. By betting on multiple bets with more interest and excitement, you can experience more adrenaline and fun.
Security: Making a full cover bet can provide you with some security and insurance in case your preferred outcome does not happen. By covering all possible combinations of outcomes in an event, you can ensure that you will not lose your entire stake and still get some profit.
How to Make a Full Cover Bet?
Making a full cover bet is not easy and requires some steps. Here are some steps that can help you make a full cover bet:
Find a reputable and licensed sportsbook that offers full cover bets on your preferred sport and event.
Choose the number of selections and the outcomes that you want to bet on.
Check the odds and the payout for each outcome and each bet.
Calculate the stake and the profit for each bet using the formula above or a full cover calculator.
Enter your stake and confirm your bets.
Wait for the events to end and collect your winnings or losses based on how your outcomes perform in the events.
What are the Pros and Cons of Full Cover Bets?
Like any other type of bet, full cover bets have their advantages and disadvantages. Here are some of them:
Pros
Increases your profitability and ROI in betting
Provides more entertainment and thrill in betting
Provides security and insurance in betting
Offers more variety and options than other types of bets
Cons
Involves more risk and uncertainty in betting
Requires more stake and bankroll in betting
Depends on finding reliable and accurate sources of information and data
Varies widely across different sportsbooks and markets
Tips for Making Full Cover Bets
Making full cover bets can be a rewarding and enjoyable way of betting, but it also requires some skills and strategies. Here are some tips that can help you improve your chances of winning when making full cover bets:
Do your research: Before placing your bets, make sure you do your research on the events and the outcomes that you want to bet on. Check their form, statistics, trends, injuries, motivation, and any other relevant factors.
Compare odds: Different sportsbooks may offer different odds and payouts for the same events and outcomes. Therefore, it is important to compare odds from different sources and find the best value for your bets.
Shop for lines: Sometimes, you may find a better line for your outcomes at another sportsbook or at another time. Therefore, it is advisable to shop for lines and look for opportunities to get better odds or pay less juice.
Manage your bankroll: Betting can be fun and rewarding, but it can also be risky and addictive. Therefore, it is essential to manage your bankroll wisely and only bet what you can afford to lose. Set a budget and stick to it. Don’t chase your losses or get carried away by your wins.
To Sum Up
Full cover bet is one of the most comprehensive and expensive types of bets in betting. It covers all combinations of multiple bets such as doubles, trebles, etc. It can be made on any sport or event that has two or more possible outcomes. It can have pros and cons for both bettors and bookmakers. Therefore, it is important to understand and make full cover bets before placing your bets.