In 1896, Henry J. Heinz of the US-based food company, the Heinz Company, adopted the slogan "57 varieties." The Heinz bet takes its name from this slogan because it consists of 57 separate bets.
It goes without saying that a wager consisting of 57 bets is risky. It can be expensive to place and your chances of winning a Heinz are small. However, the payout on a winning Heinz could be enormous.
A minimum of two selections must win for a Heinz to generate a return.