What a parlay bet is always a question that many players are interested in, especially those who want to maximize profits from small capital. This is a form of betting that combines many options, thereby creating a higher reward level than traditional single bets. In this article, SPINTIME will help you understand all the aspects that cannot be ignored when participating in football parlay bets.
What is a parlay bet? How it works
To understand what a parlay bet is, you need to understand the definition and mechanism of this type of bet. In sports betting, a parlay bet (also known as a Parlay or Accumulator) is a form of combining two or more options in the same bet ticket. These bets can come from different matches or even the same match.
The way a football parlay bet works is quite simple but challenging. Players choose multiple bets in one ticket and are only counted as winning when all the choices are correct. For example, you bet on 3 football matches with odds of 1.8, 2.0, and 1.9, respectively. If all three bets win, the total odds will be 1.8 x 2.0 x 1.9 = 6.84. The winning amount will be the bet multiplied by 6.84.
However, if just one of the three bets loses, the entire bet ticket will also lose. This is the feature that makes parlay bets risky but has great appeal to players who want to challenge and seek high rewards.
Summary of 4 popular types of parlay bets
In fact, a parlay bet is not limited only to football but also has many variations for players to choose from. Understanding the types of parlay bets will help you be more flexible in your betting strategy.
Football parlay bets
When learning about what a parlay bet is, it is impossible not to mention the most popular form of football parlay bets. Players combine bets such as Asian handicap, over/under, or 1X2 bets in many matches. For example, you can bet on Man City to win, Arsenal to draw, and over 2.5 goals in the Liverpool match – this creates an attractive football parlay ticket.
Mixed parlay bets
This type combines bets from many different sports, such as football, tennis, and basketball. For example, you bet on Man United to win, Rafael Nadal to win set 1, and over 180.5 points in an NBA basketball game.
In-game parlay
When learning about what a parlay is, you can see that this is also a popular type of bet. This type can also be made in a single match, combining types of bets such as match results, number of goals, corner bets, or cards.
Live parlay
This is a form of betting that takes place while the match is being played. Players can combine many live bets from different matches in real time. Although the risk is high, it also brings drama and great profit potential.
In general, no matter what type, soccer parlay or mixed bets require players to have tactical thinking and careful analysis to achieve high efficiency.
How to calculate parlay winnings
Understanding how to calculate money is the key factor for you to understand what a parlay bet is and how it works in practice. The basic formula for calculating winnings from a parlay ticket is:
Winnings = Initial Bet x (Odds 1 x Odds 2 x … x Odds n)
For example, you bet $100 on a parlay ticket consisting of 3 bets with odds of 1.5, 1.8, and 2.0. The total odds will be 1.5 x 1.8 x 2.0 = 5.4. So if all three bets win, you will receive 100 x 5.4 = $540.
If one of the bets loses, you will lose the entire bet. In case of a draw or cancellation, the odds of that bet are calculated as 1, and the bet remains the same with the remaining bets. To avoid confusion, you should carefully check the parlay betting calculation of each bookmaker, as there may be small differences in the way the odds are converted.
6 tips for playing effective cross bets
Not only do you understand what cross bets are, but you also need to master some tips to optimize your chances of winning. Below are useful strategies shared by many experienced players.
Choosing a sure bet is the key factor. Bets with low odds from 1.3 to 1.6, although not profitable, have a higher probability of winning, suitable for combining in cross tickets.
Limiting the number of bets in a ticket is also very important. Don’t be too greedy; it’s best to only bet from 2 to 4 bets to control risks and easily track results.
Carefully analyzing pre-match information such as lineups, recent form, head-to-head history, and home-away factors will help you choose more accurate bets.
You can also combine live bets and early bets to take advantage of both types of bets. Live bets help you observe the game, while early bets often have better odds.
In addition, you should apply a clear budget management strategy. Never put all your capital on a single ticket, but only use 5-10% of the total budget for each bet.
If the bookmaker supports the cash out feature, you can withdraw money early when you feel the risk increases or you have reached the expected profit. At the same time, monitor the odds fluctuations before the match to make appropriate adjustments.
