Guide To Play Parlay Bet in Football
If you have ventured into the world of sports betting, understanding parlay bets is essential. For beginners, you might not be familiar with or have never encountered this type of bet. Don't worry; the combo soccer tips below from Wintips will be a valuable resource to help you better understand this kind of bet!
What is a Parlay Bet?
A parlay bet, also known as an accumulator or mix parlay, is not just a simple form of betting but a real challenge for players. When you participate in a parlay bet, you are combining a series of individual bets into one. Only when all of your selections win do you have the chance to receive a payout.
This makes parlay betting extremely risky. However, this risk comes with the opportunity to turn a small initial amount into a significant sum. A precise decision and a bold bet can change the situation, turning failures into a dazzling victory.
Parlay betting is not for everyone. It is for those with experience, deep knowledge of football, and good analytical and evaluation skills. If you love football and believe in your judgment and strategy, this is your chance to showcase yourself and profit from your passion.
Remember, every game has its risks, and parlay betting is no exception. But these risks add to the game's allure, opening up opportunities for you to prove yourself and create unique achievements in the betting world.
Common Types of Parlay Bets
To become a professional sports bettor, understanding the basic principles is crucial, especially in placing parlay bets, which are both appealing and highly challenging. Here are some common types of parlay bets you need to know:
Double: You combine 2 bet selections into one slip.
Treble: You combine 3 bet selections.
4-Fold, 5-Fold, 6-Fold, etc.: Corresponds to combining 4, 5, 6, etc., bet selections on the same slip.
For example: Choosing a three-leg parlay in a match means you place bets on three different types of odds (Asian handicap, European odds, and Over/Under) for the same match. If all your selections are correct, you will receive a large payout. However, if only 2 out of 3 selections win, or even just 1, you will not receive any payout.
Find out more information : betting tips in telegram
Detailed Guide on How to Calculate Parlay Bets
Are you curious about how to calculate parlay bets and want to try your luck with this type of wager? Leading bookmakers have provided detailed methods for calculating these bets, so let's explore how this is done!
How to Calculate Parlay Bets When All Individual Bets Win
To calculate the amount you can win from a parlay bet, apply the following formula:
Parlay Odds = Odds of Bet 1 x Odds of Bet 2 x ... X Odds of Bet n
Example: You choose three well-known teams: Bayern Munich, PSG, and Manchester City with respective odds of 2.10, 2.00, and 2.05. Your winning odds are:
2.10 × 2.00 × 2.05 = 8.61. With a bet of 100,000 VND, you could receive up to 861,000 VND if you win the bet.
How to Calculate Parlay Bets with Half Wins/Half Losses/Draws
In complex cases such as draws, half wins/losses, the calculation of parlay odds is also more complex:
Case of a Draw or Void Bet: The odds are converted to 1.
Case of a Half Win: The odds are calculated as [1 + (odds of single bet - 1) / 2].
Case of a Half Loss: The odds are converted to 1/2.
The general formula for these situations is:
[Parlay Odds = Odds of Win x (1 + (Odds of Half Win - 1) / 2) x 1/2 (if Half Loss) x 1 (if Draw) ...]
Example: You place a 3-leg parlay bet on the following matches:
Juventus 2 – 1 Napoli: You bet on Napoli -0.75 with odds of 1.85 and win half.
Barcelona 2 – 2 Real Madrid: You bet on Over 2.5 with odds of 1.75 and lose half.
Dortmund 1 – 0 Chelsea: You bet on Dortmund +0.5 with odds of 2.00 and win.
The parlay odds will be: [1 + (1.85 - 1) / 2] x 1/2 x 2.00 = 1.4625. Therefore, with a 1,000,000 VND bet, the profit you gain is 1,462,500 VND.
Tips for Newcomers to Increase Winning Chances with Parlay Bets
If you are new to the world of parlay betting, consider this as a fun yet challenging experience. Here are some helpful tips to master this game:
Understand the Rules and Regulations of Parlay Bets
Each bookmaker has unique rules regarding parlay bets. You need to understand these terms clearly to analyze and make smart betting decisions.
Learn from Betting Experts
Enhance your knowledge and skills by consulting experts and reputable betting forums. Keep yourself updated to avoid missing out on valuable strategies and tips.
Choose Parlays with High Winning Odds
Parlay betting is quite challenging with fluctuating winning odds. Therefore, choose bets that you are confident in and avoid placing risky or greedy wagers.
Manage Your Finances Carefully
In betting, managing your bankroll is crucial. Set specific limits and adhere to them strictly. If you encounter a losing streak, don't hesitate to stop and come back another day. This soccer tips app helps you protect your funds and avoid financial instability.
Conclusion
From the above article, it's clear that parlay betting is not complex and is accessible. So, don't hesitate to join bookmakers to explore and challenge yourself with this type of bet. You have a great chance to get lucky and win valuable rewards.