A Lucky 15 bet is a wager placed on four selections across 15 separate stakes, meaning the punter is essentially placing 15 bets. The bet consists of four singles, six doubles, four trebles and one four-fold accumulator.
The four selections can be horse races, football matches or other sporting events. The bettor chooses a wager that is applied to all 15 bets, so a £1 wager means staking £1 on each bet, or £15 overall.
The bet will win something even if just one selection wins, although a single win alone would likely not cover the initial stake depending on the odds. Bookmakers often offer a bonus of up to 10 per cent if all legs win, and some offer consolations such as doubled odds for a single winner.
Lucky 15 bets are popular on horse racing and football, and are also possible in sports such as tennis and rugby. Similar bets include the Lucky 31, which involves 31 bets, and the Yankee, which is almost the same as a Lucky 15 but without the four singles.
To place a Lucky 15, punters typically make four separate selections and then choose the Lucky 15 option from the multiples section of the bet slip. It is important to understand the odds and stakes, and to choose a reputable bookmaker.