Friday, May 5, 2017

The Treble Bet: What is it?



Treble bet is a term so common amongst punters. In fact, even if you are just a newbie beginning to learn the trade, you are most likely to come across it so quickly. Punters like the treble bet because it offers amazing value, especially when favourites in the market are backed.



So what is a treble bet? 



It is the lumping of three selections into one bet. For instance, if you think that Chelsea, Arsenal and Manchester United will all win their weekend fixtures, you can decide to combine all three teams into a single bet. While there is an obvious risk that if one of the three teams picked fails to win then the whole bet is lost, there is a massive benefit in that if all the three win then you will be collecting a substantial amount than you would have got by spreading the same amount of money across three different single bets on the same teams. 


A treble bet is simply the bigger sister to the double bet. You only need to pick three teams you have full confidence in and then combine them in one bet.



Returns on a treble bet?



How does a treble bet work to earn you a lot of value? Why does it give more money on the same stake than a single bet? To illustrate this, let us take a simple example of a treble bet using the three teams mentioned above.  Let as assume that Chelsea is backed at 1.50 to win, Arsenal is backed at 1.30 to win and Manchester United is backed at 1.70 to win, instead of backing each team individually, we decide to combine them into one bet. So we select all the three teams and put one stake on them, not three separate single bets.



If we play out bet with a stake of Ksh 100 and all the three teams win, we will get a return of Ksh 331.50, a profit of Ksh 231.50. This is a good return on three strong teams. But just for comparison, how much would you make if you put three separate single bets with each at a stake of Ksh 100?



Chelsea will bring 1.50 by 100 which is Ksh 150
Arsenal will give 1.30 by 100 which is Ksh 130
Manchester United will give 1.70 by 100 which is Ksh 170
In total, you will earn Ksh 450 on a stake of Ksh 300, making a profit of Ksh 150.



Now  you can see that a stake of Ksh 100 gives a profit of Ksh 231 on a treble bet, which is more than three single bets can yield with three times the stake, when the teams involved are the same. Therefore, there is a very big advantage in playing the treble bet when you have strong teams to pick. However, you should remember that the treble bet is quite risky when you start combining bigger priced selections.



Calculator for treble bet


In order to plan for your treble bet effectively, you should know how to calculate possible returns so you can make wiser selections. So how is the calculation done? 


Simply multiple the odds provided for each selection and then multiply the result by your stake. For the example above, we multiply 1.50 X 1.30 X 1.70 and get 3.315. We then multiply 3.315 by 100 to get 331.50. 


So next time you look at a list of odds and see a few teams you fancy but think they are not big enough to make single bets, use the calculation method given above to see how much you can get before you place your treble bet. 


Play around with the odds as much as you like and select the ones whose combination gives you the amount you are targeting. Remember that in a treble bet the risk is higher than in a single bet and so you should select stronger teams with greater chance of winning their matches.

At Sportszu, we wish you the best of luck.


Bet responsibly.