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What Are Bet365 Sport’s Banker Bets And How Do They Work?

One of the most appealing aspects of sports betting with Bet365 is that there are so many different bets you can make when it comes to multiple selections. There are a number of Full Cover Banker Bets Bet365Bets  you can make but sometimes they can prove to be somewhat expensive, especially if you have more than five selections on your bet slip.

However, did you know that on your Bet365 bet slip there is an option where you can move away from the “Standard” bets that are offered on your selections by default, and instead opt to place one of a number of different kind of bets?

One of these bets you can select is a Banker bet and in this article, we are going to explore a little more about this little-used bets, but explain how they could potentially save you a bit of money on your stakes, while at the same time offering you the same great chance to land a hefty-paying multiple bet win.

Remember, to place Banker Bets, or indeed any kind of bets at Bet365 Sport you do need to be a registered customer. Click here for the latest Bet365 no deposit bonus offer details which will have you signed up and playing in no time.

What are Banker Bets?

In a standard Full Cover Bet, when you make multiple selections, your Full Cover Bet will cover all the possible combinations of winning bets available from your selections. However, if you elect to move away from these standard options and select a Banker Bet, then you do not have to cover all these options and your total initial bet can be considerably cheaper.

That is because when you place a Banker Bet, you are selecting one or more of your choices as a “must win” option. In essence, for your bet to win, all your “Banker” selections must win AND at least one of your other selections must also win to generate a return.

Therefore, Banker Bets are bets that can only win if your Banker Bet or Bets (you can select multiple Banker bets if you choose), plus at least one other selection wins.

Why are Banker Bets cheaper to place than Full Cover Bets?

Banker Bets Bet365 2The answer to this lies in simple mathematics and logic. In a Full Cover Bet, you cover all the possible combinations of winning bet that your selections can generate. For example in a Canadian (or Super Yankee) bet of five selections, this is 26 separate bets (10 Doubles, 10 Trebles, 5 Fourfolds and a five-fold accumulator). For a £1 Unit stake, this would cost you £26 to place.

However, if you select those same five selections and elect to place the bet as a Banker Bet with Bet365 Sport and name one of those selections as a banker. Then you can elect to place your bet on your Banker plus one of the other four selections coming in, two of the four selections coming in, three of the four other selections winning or all four choices winning. These are noted down as 1B + 1/4, 2/4, 3/4 and 4/4

Even if you decided to back all eventualities with a Banker bet with a unit stake of £1, then the total number of bets you would place would be 15. Therefore a Banker Bet on the same selections would cost you £15, £11 less than the Full Cover Bet.

If you elected to have two selections as Banker Bets then there are just seven bets to cover (three of the 2B + 1/3, three more of the 2B + 2/3 and one 2B + 3/3), which would cost you £7 for a £1 unit stake.

Furthermore, the more selections you add to your slip, the better value Banker Bets become and the more Banker options you select, the fewer bets you need to cover with your stake and thus the cheaper the bet becomes.

How do I place a Banker Bet?

It is very easy to place a Banker Bet with Bet365. Follow the simple steps below to place your first: –

  • Step 1 – Make your selections as you would for any other multiple selection bet by adding them to your bet slip by clicking on the odds for your chosen selection.Banker Bets Bet365 3
  • Step 2 – When you have completed all your selections, click on the drop down box that says “Standard”. When selected, you should see an option for “Banker”. Click this and the format of the Bet Slip will change.
  • Step 3 – Go through your selections and highlight which of your selections you want to pick as your Banker Bet. Select this as your banker by clicking on the box labelled “B” next to the selection. Once the box is selected it is then highlighted.
  • Step 4 – Decide which of the available Banker Bets you wish to place (you do not have to cover all bets if you do not want to) and enter your Unit Stake in the box next to the bets you wish to make. The total cost of your bet will be shown at the bottom of the bet slip.
  • Step 5 – Click Place Bet and your Banker Bet is now placed.

How will my Banker Bet winnings be calculated?

Your Banker Bet winnings are calculated in the same way as Full Cover Bets in that each “line” is a bet in its own right and will be calculated based on the odds of your chosen selections. However, remember to earn any return on a Banker Bet, all your Banker selections must win, plus at least one other selection on your slip.

Let’s say you place a Banker Bet and decide that your Banker option is Horse A to win at Even Money. Your other four selections are Horses, B, C, D and E who are priced at 2/1, 3/1, 4/1 and 5/1 respectively. You place a £1 Banker Bet covering all options on the multiple bet (as outlined above) , which costs you £15.

Here are all possible outcomes for that bet:

  • If Horse A doesn’t win – Then you win nothing. As your Banker Bet must win to generate a return.
  • If Horse A wins but no other selection wins – Then you win nothing as you need your Banker selection plus at least one more selection to win in order to generate a return.
  • If Horse A wins and one other selection wins – Then you generate a return but it will not be a big one. You’ll receive a bigger return of Horse A and Horse E wins, than you would if Horse A and Horse B wins due to the odds. One of your 15 Banker Bet lines wins, the other 14 bets lose.
  • If Horse A wins and two other selections win – Then you generate a significantly larger return as several bets will win. You will win two double Bets, plus the treble bet of Horse A plus the two other horses. The other 12 bets will lose however.
  • If Horse A wins and three other selections win – Then you’ll guarantee yourself an excellent return as you will win three of your Double Bets, three of your Treble Bets and one Fourfold equivalent. The remaining eight bets will lose.
  • If Horse A wins and all four other selections win – Then you’ll win the maximum possible from the bet as all 15 individual bets will come in.

Is Banker betting a profitable way to wager?

Like most forms of betting Banker Betting can be profitable when used judiciously. Key to getting good value is finding good odds on your standard selections and being able to select winning Banker selections regularly as without this bet landing, you cannot win.

However, as it is a bet that is significantly cheaper to place than Full Cover Bets, but which offers a similar level of cover and potential returns, it is well worth a closer look at Bet365 Sport if you are serious about sports betting.

Ian John

Working my way though the UK's top online poker sites (and some of the ones near the bottom as well) to bring you a first-hand take on the absolute best choices for online poker players from the UK.

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