Parlay bet is a term that many sports bettors have heard of when participating in betting at bookmakers. However, many people still do not understand this concept clearly and how to calculate the bet amount, how much is correct for parlay 2, parlay 3,… Below is an article that will help you understand
football tips this weekend more about this type, and provide the clearest calculation methods at bookmakers.
What is Football Parlay Bet?
Parlay bet (also known as accumulator bet) is a popular sports bet, where players combine two or more individual bets into a single betting slip.
To win a parlay bet, all individual bets must win (some bookmakers accept broken parlays, losing individual bets deduct bonus points) in order to win the bet. Therefore, the risk level when playing parlay bets at bookmakers is extremely high, but in return, the rewards received are also higher.
Guide to Reading Football Parlay Bet at Bookmakers
Based on the number of individual bets that players bet on, we can temporarily divide parlay bets into 2 main types: 2-leg parlay and parlay with more than 2 legs (3, 4, 5 legs). Besides, we can also base on the main calculation method, for example, if one leg is broken => lose the entire bet and lose a certain number of legs => still can get money back but mostly without profit when summarizing.
Parlay bet in football is a complex type of bet, built on combining multiple matches together and placing money on different outcomes. The reading process may be a bit complicated for beginners, but once you understand how it works, you will find it not too difficult.
For example: Suppose you want to invest in a parlay bet consisting of two matches:
Bet 1: Manchester United vs Liverpool (MU vs Liverpool) - Bet on Asian handicap MU wins Liverpool (1 to 95).
Bet 2: Barcelona vs Real Madrid (Barca vs Real) - Bet on Over/Under total cards 90 minutes (1 to 90).
Normally, if you bet 100 points for bet 1 and 100 points for bet 2 separately and win both, you will receive 100 + 95 + 100 + 90 = 385 points.
If you bet on a 2-leg parlay (must win both bets) with the odds offered by the bookmaker being 1 to 6, you will receive 100 * 6 + 100 * 6 = 1200 points.
If you win bet 1 and lose bet 2 or lose bet 1 and win bet 2, you lose the parlay bet and lose all 100 + 100 points.
How much can you win with Parlay Bets?
The calculation of parlay bets depends on the number of matches you place and the number of bets in each match. There are two basic cases as follows:
Calculation of parlay bets when all bets win
When you achieve sufficient wins in parlay betting, you will apply the following formula:
Parlay Odds = Odds 1 x Odds 2 x Odds 3 x ... X Odds n (multiply each odds together for as many levels as there are in the parlay).
In this type of bet, you always apply such a formula because there are only two outcomes: either win or lose the entire bet amount.
Calculation of parlay bets when half wins/half loses/half draws
Some people are still interested in calculating parlay bets in case they win half, lose half, or draw.
Parlay bet = Win odds x [1 + (Win odds ½ – 1)/2] x ½ (if half lose) x 1 (if draw) x ... X Odds n.
Where:
Win odds is the amount the player receives per unit of bet.
When one of the parlay bets wins half, the member uses the formula (Win odds ½ – 1)/2.
When one of the bets in the parlay loses, the player divides that odds by 2.
When drawing, the member uses the winning odds multiplied by 1.
Example illustrating the above calculation method
An illustrative example of the above calculation method is as follows: Suppose you bet $100 on a parlay with 3 matches, each match has 2 betting options:
Match 1: Team A wins or draws (2 options)
Match 2: Team B wins or draws (2 options)
Match 3: Team C wins or draws (2 options)
If all three matches are correct (meaning Team A wins or draws, Team B wins or draws, and Team C wins or draws), you will win. If the odds for each option are 1.5, the amount you can win will be: (1.5 x 1.5 x 1.5) x 100 = $337.5.
How much can you win with Parlays 2, 3, 4,...?
Many people are interested in the odds for parlay bets. Here are the odds for parlay bets with different results:
For Parlays 2: Members placing bets with whatever amount will receive 1.5% of the initial capital.
For Parlays 3 or more: Members placing bets on this sequence need to note that the reward will decrease, but when winning, they will receive all the capital invested multiplied by 1.5% of the betting reward.
Experience in Making Unbeatable Parlay Bets
To help new players understand and read parlay bets conveniently and increase their chances of winning, the following article will share some essential experiences.
Memorize the rules of parlay betting
In participating in parlay soccer betting, mastering and carefully analyzing the rules of play and terms are extremely important. This helps increase confidence and deeper understanding of bet types. From there, you can focus on researching and reasoning about how to play to maximize benefits.
Follow and learn more about parlay betting
Although it is a simple betting game, understanding how to read parlay bets is important to increase the chance of winning. Enhancing knowledge and skills is the key to achieving this. Seeking opinions from experts and reading reviews can help you make smarter betting decisions, increasing your chances of winning.
Follow information from both teams
To place the right parlay bet for a football team, it is necessary to thoroughly research
soccer tips app them, including analyzing tournaments and previous matches. Especially, consider the direct results between teams to predict the correct betting outcome.
Parlay betting entails significant risks, but in return, the portion reserved for winners is incredibly large. If you want to try your luck with enticing parlay bets, don't forget to open a new account at the leading Asian sportsbook.
