What is Parlay Betting?
Parlay betting is a form of sports betting where multiple wagers are combined into a single bet. This type of bet is also known by different names such as accumulator, Asian handicap, over/under, or half-ball. The amount of the payout is calculated based on the multiplied odds and the number of wagers the player participates in. It's a concept that beginners need to understand before engaging in soccer betting.
This type of bet has gained popularity in recent years among many bettors due to the potentially large winnings it offers. However, parlay betting can be quite complex and requires a good understanding of the rules. It is a favorite choice among professional gamblers, but it also carries significant risks.
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How to Calculate Parlay Bets in Soccer?
The calculation of parlay bets may vary depending on the different types of wagers. Here are the specific calculations for each type:
For Asian handicap bets:
For Asian handicap bets, the accurate calculation of parlay bets is as follows:
Parlay odds = Winning odds x [(Half-ball odds - 1)/2] x 1/2 (half-lose odds) x 1 (draw odds) x … x odds n.
Where:
Winning odds: The profit gained based on the multiplied odds.
In the case of half-lose odds, it is equal to half of the parlay odds.
In the case of draw odds, it is equal to the profit multiplied by 1.
For over/under bets:
The calculation formula for parlay bets in over/under soccer betting is the same as Asian handicap bets. It is as follows:
Parlay odds = Winning odds x [(Half-ball odds - 1)/2] x 1/2 (half-lose odds) x 1 (draw odds) x … x odds n.
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Where:
Winning odds: The profit gained based on the multiplied odds.
In the case of half-ball odds, the formula is: [(Odds ratio - 1)/2] + 1.
In the case of half-lose odds, it is equal to half of the parlay odds.
In the case of draw odds, it is equal to the profit multiplied by 1.
For over/under bets:
The accurate calculation of parlay bets in over/under soccer betting is more straightforward than Asian handicap or over/under bets. The formula is as follows:
Parlay odds = Bet 1 odds x Bet 2 odds x Bet 3 odds x ... X Bet n odds.
How to Play Parlay Bets?
Understanding the specific way to play parlay bets helps you avoid losses when participating. However, it is crucial to know how to allocate the funds appropriately. In simple terms, if you win the first three matches out of four, you still need to calculate the fourth match even if it results in a loss. Here are the steps to follow:
Step 1: Analyze the odds-to-payout ratio of the final match to determine the overall odds.
Step 2: Calculate the amount of money to be paid if you win all the bets, win half or lose half, in order to determine the amount of money to be wagered.
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Step 3: Select the bets and the amount of money to be wagered on the final match.
Experience in Parlay Betting
For beginners with little experience in placing bets, it is essential to learn from experienced bettors to maximize potential winnings. Here are some tips from expert gamblers:
Continuously learn and improve knowledge
If you want to win, you need to consider this type of betting as a discipline and continuously learn and improve your knowledge. Take the time to thoroughly understand how to place bets and the specific odds. Additionally, regularly refer to betting forums and learn from experienced bettors as the best way to enhance your skills.
Play combination bets in a match
Playing combination bets in football is not easy because you need to win all of them to receive a reward. If it is certain that a team will win a match, focus only on that match. Also, avoid being too greedy as the risk will be very high.
Choose the right time to play combination bets
Combination bets should be applied when you notice a high likelihood of losing or when the outcomes are uncertain. This means you should bet against your previous bets. If you choose the right timing, your winning chances will increase or your losing chances will be reduced. However, not every situation warrants playing combination bets. Some cases where it can be applied are:
When your account balance is low and the winning odds are quite high.
When the odds for combination bets are low.
Research specific playing styles and abilities of football teams
Take the time and effort to study and follow matches and tournaments. You can assess whether the bets you choose are reliable and how they may change through public information. In major matches, pay attention to certain aspects such as starting lineups, tactics, injuries, and team strength.
Choose matches with high winning odds for combination bets
The odds for combination bets can vary significantly between matches, making it challenging to gauge the situation accurately and increasing the likelihood of losing. Therefore, it's difficult to find accurate odds, and it's easy to suffer significant losses.
Conclusion
What is combination betting? As well as some information about how to calculate combination bets in football, which has been updated in the above article. This is a form of betting that many people enjoy. However, if you intend to engage in sports betting, don't forget to keep in mind the useful experiences and considerations when placing bets.