This article is going to focus on fivefold bets, and will serve as an overview for anybody interested in placing one. I’ll look at what they are, how to place Fivefold bets and the essentials you need to know before placing one. I’ll start by establishing what a Fivefold bet actually is.
What is a Five Fold Bet?
A fivefold is an accumulator bet that has five different parts to it. It takes a lot of skill or luck to pull off, but the rewards can certainly be worth it as we’ll see.
You make 5 selections on different events, just like you would with single bets, but in this case they are all grouped together. That means that for you to win, all five of your predictions have to be correct – if any one of them is wrong, it is game over.
Each time one of your predictions wins, though, the winnings are used as the stake for the next bet, which means that from a very small stake you can be wagering, and hopefully winning, large amounts of money.
Fivefold Betting Example
As an example, you might want to place bets on five different horses at a meeting. You’ve been pretty successful with your single bets, so you this time you decide to wrap them all up into a Fivefold accumulator.
You put £1 on horse A at 3/1. It wins, so the £4 return is automatically put onto horse B at 2/1.
Horse B wins, returning £12. This is then placed on horse C at 5/1.
Horse C wins, resulting in your next bet on horse D being £72.
Horse D hopefully wins at 3/1, so you now have £288 on horse E at 2/1.
Assuming horse E wins, you now have an excellent return of £864 – pretty good for your initial £1 stake.
Note that each of the 5 selections has to win for you to be paid out, and that you can’t get nervous after a couple of wins and cash in your winnings – they are on to the end, win or lose.
Think you’ve got what it takes to pick five winners in a row? Why not head over to Betfred.com, claim the bonus and see if you can nail your first Five Fold bet.
How to Place a Five Fold Bet
To place a fivefold bet on Betfred.com, follow these instructions. This is just an example, and you can use whichever bookie website you prefer, but the procedure will be mostly the same.
1) Make sure you are logged in to your account and that there is enough money in it to cover your stake – if not, deposit some now to save time later.
2) On the home page, select the sport or event you are interested in from the menu on the left hand side by clicking the name.
3) Look for the 5 events you are interested in betting on and click in the box next to each of them – a tick will appear in it to show you have selected it.
4) Click the ‘pen’ icon, which is actually the ‘create coupon’ link, on the right of the name of one of the events. This will open up a new screen showing the details of the five events you have chosen.
5) For each event, click the odds of the outcome you want to back. It’s the same process whatever you are betting on, and you’ll see the odds next to the names.
6) When you’ve made all 5 choices, go to the bet slip and check your selections are listed. At this point they’ll be showing as single bets only.
7) Click the button to open up the ‘Multiple Bet Options’ link at the bottom of the bet slip, and select the ‘Fivefold’ option.
8) Check that the details of your fivefold are correct. Enter your stake, and then click the ‘Confirm Bet’ button to place your bet.
9) You will receive a receipt confirming your 5 predictions, the stake and type of bet, so double check this to make sure you’ve placed your correctly. You will see your account balance has been reduced by the value of your stake. If you win, the winnings will be credited automatically.
Place a Five Fold bet right now at Betfred.com.
Five Fold Bets Risks & Rewards
The risks of losing are of course greater with a fivefold, as there are more chances that things will go wrong. For this reason, Fivefold betting isn’t for the fainthearted.
On the other hand, if you’ve got the nerve to hold out and don’t mind settling for a lower strike rate, the rewards can be much better than if you were just placing single bets on the same events. Plus placing a Fivefold bet allows you to stake much more than you’d ever bet due to the rollover effect.