What Are Banker Bets?

piggy bank with money dropping into it bank bankerTo explain what a banker bet is, we need to look a little closer at what sports betting in general is. In simple terms, it serves as a battle between the bookmaker and you, the bettor. The bookie puts together the odds with a profit margin built in. A sportsbook has varying payout rates, but on average, it will return around 90% of stakes in the form of payouts.

Bettors seek to outdo the mathematical disadvantage and negate the edge that the bookmakers have. One method of doing this is by identifying a banker in multiple or system bets. The starting point for any combination bet is a banker.

Defining the Banker Bet

banker bet exampleIn any bet, when you refer to the banker, it relates to the selection that is most likely to win. It is the most reliable leg of a multiples wager, providing the highest strike rate. Often, this will be a short-priced selection, although not always.

Let’s utilise football in an example. A football banker bet may have a form edge. They could be free of any injury issues and utilise a top goalscorer on the team who is in-form as of late.

Another example would be to look at horse racing. A banker horse could have the going and distance that is perfect for the form and running style. The banker is the selection in the multiple that is least likely to spoil the overall wager. You, as the bettor, have faith in the banker, which is why it is the first selection in any combination or multiple bet.

It is where we get the common language usage of the term ‘banker’.  ‘That is a banker’ would refer to something that is almost certain to win, or at least thought it is almost certain to win.  Your banker is the bet you think is nailed on and will win more so than your other selections, it is ‘in the bank’ so to speak.

Bettors can specify the banker bet when placing an accumulator wager with an online sportsbook. It is necessary for the banker to be successful for the wager to be successful in general. Thus, it is most common for a gambler to include the selection with the highest probability of winning as the banker bet.

A banker bet can be one team, a single horse, a greyhound, or other kind of racer within a combination bet, or even one horse in a forecast bet.

More on Banker Bets

banker bet example with two bankers selectedWe’re going to stick with football for this example. Let’s say that you’re a big fan of the sport, and you want to place bets on three separate Premier League games, as well as two taking place in the Championship. It’s not uncommon to wager on them individually or as an accumulator. But instead of opting for a standard bet, you change it to a banker bet. This alters the look of the betting slip slightly.

Once you have added the selections to your betting slip in the accumulator, you can decide which of them you believe is most certain to result in a positive outcome. This will then become the banker bet, often marked by a ‘B’ next to it. Let’s say that one of the Premier League matches is Liverpool versus Crystal Palace. You have determined that Liverpool will win, and you’re quite certain of this and so, you mark Liverpool as your banker bet.

This means that Liverpool needs to be successful in their match against Crystal Palace. It stands out as being the first on your multiple selection. If Liverpool loses, then your whole bet made up of all other selections loses, because Liverpool was your banker bet team. Should they win, then you’ve got everything to play for with the remaining selections.

You can choose how many of the other matches you believe will result in wins for the teams you have predicted, too. In our example, we selected Liverpool as the banker bet, meaning that there are four others remaining from the five selections. You can choose whether you think 1, 2, 3 or all four of those remaining selections will produce positive results. It doesn’t matter which of those do fulfil that. Let’s say you think that two of the remaining four will be victorious, as long as two of them do, you receive a positive return. That’s what makes a banker bet different to a standard accumulator.

Why Should You Go for a Banker Bet?

man holding question mark signs up

It would be common for players to ask why you should bother with banker bets in the first place. After all, straight bets and accumulators are both available. The answer is that they provide a lot more room for manoeuvring if your predicted results come to the fore.

Let’s say that you have taken the decision to bet on each of the 10 Premier League matches occurring over the weekend. Do you think that you’ll get each and every one of those predictions correct?

By opting for a banker bet, you don’t need to worry as much about being correct with every single match prediction. Instead, you get to choose one match that you believe will provide the correct outcome, and then guess on one or more other ones coming true.

If you opted for an acca in this situation and one of the selections did not turn out the way you expected, then the whole bet is dead (unless acca insurance is in place). A single bad result will not mar a banker bet in the same way, though (unless the bad result is with the banker you chose, of course!).

The odds provided for a banker bet won’t be as inviting as they are for a standard accumulator, of course. Yet if there is more chance for success in this situation, it’s not such a huge problem.

Banker bets are ideal to go for when you’re not sure on the outcome of the fixtures. Sometimes, you can look at these fixtures and be very confident on the results. In this situation, an accumulator is ideal. Yet if you’re very much unsure about the outcome of several fixtures, a banker bet could be a lot more appropriate.