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Introduction to Parlay Bets
A parlay bet is a form of football betting that combines multiple individual bets into a single chain. In a large parlay, there can be few or many separate smaller bets. Unlike other types of bets where players can only bet on one team in a single match, with parlay bets, you are allowed to bet on multiple teams across different matches. Especially, you can choose to combine multiple types of bets simultaneously, such as Asian Handicap, Over/Under, etc.
If you win in this format, you will receive a potentially huge amount of winnings, multiplied by the amount of your wager. However, the winning odds are extremely low because players must predict all outcomes correctly to win. Losing even half of the bets can result in a significant loss of money.
Guide to Calculating Parlay Bets - Extremely Simple
To be able to calculate parlay bets, players must pay attention to the following types of bets: Over/Under, Asian Handicap, European Handicap. Below are some extremely simple guidelines that betting enthusiasts should grasp to secure wins.
Calculating Asian Handicap Parlay Bets
Asian Handicap parlay bets are much simpler to play compared to Asian Handicap bets. You only need to predict which team will win the bet, and if correct, you will receive an amount corresponding to the previously given odds. The calculation method is as follows: Odds of bet 1 x Odds of bet 2 x ... X Odds of bet n.
For example, to illustrate how to calculate an Asian Handicap parlay bet if there are two teams, Team A and Team B, with a parlay bet of 3, and you place a bet of 100K:
Team A has odds of 1.23.
Team B has odds of 1.5.
Both teams score with odds of 2.22.
In this case, if all three scenarios win, you will win (1.23 x 1.5 x 2.22) x 100K, which is over 400K. This could be a great opportunity to earn a huge amount of money for those who are interested in football betting.
Calculating Over/Under Parlay Bets
Parlay bets are one of the more complex and difficult forms compared to Asian Handicap bets. Below are some methods for calculating Over/Under parlay bets that we want to share with you. If you win the bet, the calculation is a multiplication of N times and is not limited. Therefore, this method is usually applied to mid-level tournaments.
In cases where players encounter a series of bets such as ½ bet, draw bet, 0.5 losing bet, you will calculate as follows: Parlay odds=odds of the winning bet x [1 + (odds of ½ - 1) / 2 x ½ x odds of the 0.5 losing bet x 1. For example, if Team A, the favored team, has an odds of 0.5 handicap, odds of 0.92, and wins by 1 goal, and Team B, the underdog, has an odds of 1 handicap with odds of 0.94 and wins by a 2-goal difference, or Team C has a handicap odds of 2, odds of 0.91, then if they win by a 2-goal difference, Team C's odds will be a draw bet. In this case, the player will have a formula to calculate the parlay odds as [1 + (0.92 - 1) / 2] x 0.5 x 1=0.48, and if you bet 100K, you will profit an additional 0.48 x 100K=48K.
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Some rules for playing parlay bets
The characteristic of parlay betting is that players can place various types of bets within one football match. However, to secure the win, you must know the following rules and guidelines:
Once you've selected the parlay bet you desire, continue by choosing the corresponding odds. Bookmakers will promptly provide suitable odds for players to conveniently check and compare with each other.
When participating in betting, players should enter the amount they wish to wager with the bookmaker. The system will then calculate the amount that players receive for each operation. From there, you can know the amount you will win from this parlay bet.
Choose to place bets on the outcomes you desire. Players can also select the amount they wish to win for the bookmaker to calculate the potential winnings.
Surefire parlay betting experiences
If you are passionate about football and aim to earn a large sum of money through parlay betting, you cannot ignore the following foolproof experiences:
Choose a bookmaker
Make sure to select a reputable and high-quality bookmaker to trust for betting. You can verify this by checking whether the operating license at that address is legal or not. Also, don't forget to read comments and reviews about the bookmaker through various betting groups and communities.
Control the bet
Know how to control your betting when participating in parlay bets. Indeed, the nature of this type of betting is that the more bets you place, the larger the amount you receive when you win. However, this also means that the winning rate will be extremely low. Therefore, choose parlay bets that suit yourself, don't be too greedy because if you lose just one bet, you will lose all your money.
Mental comfort
Participating in betting with a relaxed mindset will help players be confident and rational in making decisions for themselves. Because whenever you are mentally comfortable, you can make accurate assessments and analyses. In contrast, in an unstable mental state, players are more likely to make the worst choices.
Place a reasonable amount of capital
Depending on each situation, players will decide to place an amount that is most reasonable. Do not invest too much money in bets where you are not sure of the winning percentage. Allocate the money you have into the bets that you have predicted and analyzed carefully beforehand.
Tips to help you effectively play parlay bets
Here, Wintips will share with you the most effective parlay betting tips:
Choose matches with similar odds and avoid matches that exert pressure on each other in the same type of bet.
Always pay attention to information related to football teams, especially recent match situations.
Limit risks by dividing your capital into small amounts and placing bets on different outcomes.
Focus on participating in betting over the weekend because this is when there are major football matches for you to freely choose from.
Conclusion
Above are some of the related information football tips site about parlay bets that we at Wintips want to send to you. This is undoubtedly a type of betting that offers players extremely significant winning opportunities. Don't forget to follow our website to not miss the most important content related to this betting discipline.