Parlay betting is one of the popular types of wagers chosen by many experienced bettors nowadays. However, not everyone knows how to play this type of bet to achieve a high winning percentage. Therefore, in the following article, win tips will help you understand more about this concept and the most effective way to calculate parlay bets.
What is Parlay Betting?
Parlay betting, also known as an accumulator bet or combo bet, is a method of combining multiple selections into a single bet. In order to win the bet, all predictions must be correct. Currently, in European sports betting platforms, this particular type of bet is also referred to as Multiple Bet, Mix Parlay, or Accumulator.
The advantage of parlay betting is that it offers a large payout despite a low initial investment. However, this method carries a higher risk compared to other types of bets. If you lose one selection in the bet, you lose the entire wager. Therefore, it can be seen that parlay betting offers high potential returns but also comes with significant risks, making it suitable for experienced players.
Guidelines for Calculating Parlay Bets Effectively
To achieve the highest winning percentage for your bet, you need to pay attention to the proper calculation of your wagers using the following steps:
Calculation of Parlay betting site wintips when all individual bets win
In this case, the calculation for parlay bets is not too complicated. You only need to multiply the individual bet odds together to get the overall odds of your parlay bet for that particular wager.
The formula for calculating this type of bet is as follows:
Parlay odds = Bet 1 odds x Bet 2 odds x ... X Bet n odds
For example, if you choose a 3-team parlay with the following individual bets: MC @ 1.5, Arsenal @ 1.99, MU @ 1.2, then the overall odds of your parlay bet will be:
Parlay odds = 1.5 x 1.99 x 1.2 = 3.528
If you wager 200,000 VND, the amount you will receive after winning the bet will be:
+>3.528 x 200,000 = 705,600 VND
Calculation of Parlay Bets when there are ties/half wins/half losses
Ties, half wins, or half losses often occur in Asian Handicap or Over/Under betting markets. For these cases, calculating the odds can be a bit more complex.
The winnings for parlay bets are still calculated by multiplying the odds together. However, you need to take note of the following:
If there is a tie/cancellation: The odds will be changed to 1. For a half win: The odds will be calculated as [1 + (individual bet odds - 1) / 2]. For a half loss: The odds will be changed to ½.
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With these considerations in mind, the formula for calculating parlay odds in soccer betting would be:
Parlay odds = Bet win odds x (1 + (half win odds - 1) / 2) x 1/2 (if there is a half loss) x 1 (if there is a tie) ...
This is a standardized and accurate formula that you can refer to and use.
When placing parlay bets in soccer for each game, it is best to pay attention to the following factors:
When betting on parlays, you should not choose selections from the same match. It is advisable to limit the number of selections to 2-4, as choosing too many can be impractical.
Above are some information related to understanding what parlay betting is and how to calculate parlay bets effectively. We hope that the betting tips we shared have helped you gain a better understanding of this issue.