Fourfold bets are the subject of this piece, and I’m going to give a brief overview of them. In this article I’ll talk about what they are, tell you how to place a Fourfold bet and explain the pros and cons of them. I’ll start of by answering the question ‘What is a Fourfold bet?’.
What is a Fourfold Bet?
A Fourfold bet is another type of accumulator bet. It’s designed for those who want greater profits but don’t mind increasing the risk of their bet by adding more than one outcome.
Instead of placing four single bets on all the events you want to back, you place only one bet that covers all four events. Each time one of your selections wins the winnings are used as the stake on the next bet. It’s a like a rollover bet.
Betting this way you can rapidly build up to placing a large stake for only a small initial wager. Remember though that to be a winning bet all the four bets must win – if you get even one of your selections wrong, you’ve lost it all.
A Fourfold bet can be placed as a long term or shot term bet. They are especially popular with football betting, betting on horse racing and with people betting on future outcomes such as the winner of the Premier League, FA Cup, League Cup and Champions League.
Fourfold bets can be a short term bet as well though – for example on four horse races occurring on the same day, though in this case you need to make sure there is enough time between events for the results to be settled and winnings applied to the next one.
Fourfold Betting Example
This time we’ll use horse racing to illustrate the idea. You make four selections that you think are likely to win. You place a £5 Fourfold on Moon River, Blue Ginger, White Dwarf and Pete’s Pet.
The odds on these selections are 3/1, 2/1, 4/1 and 5/1 respectively.
Moon River wins, so £20 is automatically placed on Blue Ginger.
That wins, so £60 goes on White Dwarf.
Another winner, and £300 goes on the final choice, Pete’s Pet. Assuming that wins, your original £5 stake is now a whopping £1800.
Once placed, you have to let your bet run – you can’t change your mind halfway through and bank the profits.
Fancy a crack at placing a Fourfold bet? Join our top online betting site Betfred.com.
How to Place a Fourfold Bet
Follow these instructions and you’ll soon learn how to place a Fourfold bet. Betfred was used to create the instructions, but most other sites work in a similar way.
1) On the home page, select the event you are planning to bet on from the menu on the left hand side of your screen. Click the name to select it, and the screen will change to show you all the upcoming options for that sport or event.
2) Find four games, events or matches you are interested in then click in the box next to each of them. Upon doing this a tick will appear.
3) Click the ‘pencil’ on the right of the name of one of the selections. This is the ‘create coupon’ link, and will open up a new screen showing the entries in the events.
4) For each event, click the odds of the outcome you want to back. It’s the same process whether you are backing football teams, greyhounds, horses or anything else – the odds are next to the names.
5) Each time you make a selection, it will be added to your bet slip on the right hand side of the page.
6) After making all four selections, click the ‘Multiple bet Options’ link at the bottom of the bet slip and pick ‘Fourfold’. Check that the details of your bet are correct, and enter your stake.
7) Click the ‘Confirm Bet’ button, and your bet will be placed. You will receive a receipt confirming your selections, stake and type of bet.
8) Your account balance will then have the stake amount debited, with any winnings added back automatically if you win.
Fourfold Bets Risks & Rewards
The biggest advantage to a Fourfold bet is the ability to lock the odds in right at the beginning of the bet.
If you waited for each event in turn, and only placed your bet after the last one had won, you’d find the odds shortening quickly meaning that your profit margin is reduced.
If you waited for the League Cup to be complete before backing the winner of the Premier League you’d get much worse odds than you would at the start of the season if the team you want to back are at the top of the table.
The downside of this type of bet is easy to see – as the number of correct predictions needed to win increases, so does the risk of losing. You may also find that the odds rise after a poor performance or some rumour sweeps the market, which means that you could have had greater profits if you had waited. This is more of a problem with horse racing or greyhound betting than anything else.
As ever, knowing your market and having a good hit rate on single bets is the key to making a profit from Fourfold bets. If you think you’re up to the challenge head over to Betfred.com and give Fourfold betting a go.