Winning big on a single bid with parlay bets - that’s what most arbers are looking for. Almost everyone who gambles applied this strategy at least once. And you should definitely give it a read in case you’re specifically looking for a leverage that will allow you to multiply your winnings.
Parlay bet / accumulator / combo bets are bids composed of two or more events, each of which affects the overall prospect of the bet. You can only succeed if all events were played and/or some of them were voided. Bad news here is a loss of at least one of the picks, leading to inevitable defeat.
Then why do we make such risky wagers, you might ask? Everything’s simple - to multiply the earnings. We can always find at least a couple of predictions with scanty odds (1,25-1,4) that discourage us from betting. Combining several similar predictions in a parley gives us reasonable odds (1,9-2,5). The ultimate parlay odds equal to the odds of each event!
Let’s set up a live example of three group stage matches of the 2020 UEFA European championship: Belgium - Russia, England - Croatia, and Hungary - Portugal. For convenience, each bet amounts to $100.
The odds are quite low. If we make three single bets of $100 each, we’ll have: ($100 х 1,24) + ($100 х 1,26) + ($100 х 1,25) = $375. Meanwhile, net revenue will amount to just $75, though at risk is $300.
Now let’s get straight to counting: 1,24 х 1,26 х 1,25 = 1,953. You have to admit that these odds are much more reasonable.
The calculation of the parlay is pretty simple, though we have the whole three options here:
Now we know what’s behind the parlay and that it can bring tangible profit with low risk. However, it doesn’t mean you should definitely include risky bets in your deal. It’s always better to go for lower odds, leaving open the possibility of return.
Getting involved in parlay may result in your bet getting voided and returned, so it’s important to identify the way the return is calculated. A particular event in this case is calculated with the ratio of “1,0”. If the deal brings you several bets being paid off with return, each of them includes the ratio of “1,0”.
The most common cases are totals and handicaps. Besides, bookies may return the stake basing on non-sports grounds:
Some dishonest bookies may return even fairly won deals, referring to rules violation on the part of the client, incorrectly placed betting lines, or foul play. So the best decision is to choose official bookmaker shops where each client is protected.
Amateurs usually have no idea how to parlay. Lots of mistakes are made causing even the most common parlay to crash. Anyway, there is no special guide on how parlays are done, just a couple of tips you can follow to boost your chance of succeeding:
The today’s betting world holds a whole lot of parlay strategies except for the win-win one. The most popular is betting football, though most of them can be applied to any sport. Let’s cut to the chase of the most effective ones:
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Just like any other strategy, parlaying has its strengths and weaknesses. You can either hit the jackpot risking small money, or get jacked full for one little coincidence. That’s why it is important to consider all possible scenarios.