You’ve probably already heard of the brand ‘Heinz’, but did you know there’s a popular betting system with the same name? The inspiration behind that comes from the company’s famous slogan “57 Varieties”. Now you may wonder what that has to do with gambling and why did we mention the number 57. Well, it’s simple – this wager consists of 57 bets combined in 6 picks, i.e. 15 doubles, 20 trebles, 15 fourfolds, 5 fivefolds and only one sixfold accumulator.
This full-cover systems is preferred because you can choose a range of selections and usually only need two of them to win to come ahead; there are no restrictions – even a successful double bet works. However, the wager is usually big when it comes to Heinz betting, so you should aim higher than that.
The most important thing to have in mind when it comes to the Heinz system is that every selection has its own odds. We are going to give a simpler example now, though. Let’s imagine that you want to bet on horses – $1 on each selection, or $57 in total, and somehow the odds for all of them are equal – 5.2. If 2 of the 6 picks win your return is only $27.04, or overall you’ll lose nearly $30. At these odds you’ll need at least 3 of the bets to be successful to gain profit. In that case it will be $164.73 going straight into your pocket. In a very fortunate series of events where all 6 of your picks are lucky, you’ll take home $56,711.04 in returns!
Heinz bets are popular among events where the selections have long odds and there is a bigger probability of winning. That’s why this betting system is frequently used in horse racing, and not so much in football.