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A Heinz bet is a six-wager bet consisting of 57 bets. Because it houses multiple bets, a Heinz should also be considered in the same bracket as an accumulator or acca as it is a bet that combines each of the six wagers in determining the single winning pay-out.
A Heinz features 20 trebles, 15 doubles, 15 four-folds, 6 five-folds and a six-fold accumulator making up the 57. Due to the number of bets involved is one of the highest paying accumulators if deemed a winner.
Arguably the best thing about a Heinz bet is that there are more chances of winning than on a straight-line accumulator, as even winning on three wagers builds up a cash pot of winnings.
Predominantly associated with horse racing, an example of placing a Heinz bet would be similar to that of an accumulator at a race meeting where a number of horses are chosen over the period of the weekend.
The potential earnings from the bet only grow with each passing winner as the permutation of each of the six wagers combine to create a punters pay-out potential.
However, it is important to note that due to the 57 single bets involved, a £1 investment on each one would mean the wager would be a total of £57 to the punter.
Heinz bets are not limited to just horse racing with the ability to place the bet on almost any sport with football also proving a popular choice.
A Heinz bet is so called because of the famous Heinz brand, known primarily for its baked beans and ketchup. It is said there were 57 varieties of Heinz products, and eventually entered the betting lexicon.