What is Parlay Betting? How to Calculate Parlay Betting in Football to Win Money
Betting enthusiasts who haven't yet explored parlay betting in football are missing out. If you want to double your bankroll with minimal risk or bet less and win more, there’s no better way than through parlay betting. If you're new to it, don't worry! soccer tips prediction will walk you through everything you need to know about parlay betting in football.
What is Parlay Betting?
Parlay betting combines multiple bets into a single wager. It’s also known by various names such as accumulator bets, multiple bets, combo bets, or mix parlays. A parlay bet wins only if all the individual selections (bets) within the wager are successful.
In cases where the odds are adjusted (e.g., half odds), the parlay bet is still valid and adjusted accordingly based on the individual bets.
Advantages and Disadvantages of Parlay Betting
Advantages:
Higher Payouts: If successful, parlay betting offers significant payouts that are much higher than betting on individual bets.
Disadvantages:
Low Win Probability: The chance of winning is lower because every selection in the parlay must be correct.
Larger Capital Requirement: You typically need more funds to place multiple bets.
How to Calculate Parlay Betting According to the Latest Rules
To make things easier, let’s convert odds to decimal, European, Indo, or Hong Kong formats.
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How to Calculate a Parlay Bet Where All Bets Win
This is the simplest scenario. To calculate the total odds of the parlay bet, you multiply all the individual odds together.
The formula is:
Total Payout = Odds for Bet 1 × Odds for Bet 2 × Odds for Bet 3 × … × Odds for Bet N
For example, let’s say you place a parlay bet on three individual selections:
Everton -1 @ 2.06
Over 2.75 Manchester United @ 2.03
Manchester City -2.25 @ 1.96
The total parlay odds are calculated as:2.06 × 2.03 × 1.96 = 8.20
If you bet $100, your potential winnings would be:100 × 8.20 = $820
Note:Usually, when selecting a parlay bet, the system automatically calculates your potential payout after entering your stake.
How to Bet on Asian Handicap Parlays
Asian Handicap parlays can be tricky, as outcomes such as a draw or half-wins can affect the parlay calculation.
To calculate your winnings correctly, here’s the approach:
Draw/Cancel: The odds for a draw or canceled game are replaced with 1.
Full Win: The odds remain the same.
Half Win: The odds are recalculated using the formula: [1 + (Odds – 1) / 2].
Half Loss: The odds are halved.
The formula for a parlay with various outcomes is:
Total Parlay Odds = Odds for Full Wins × [1 + (Half-Win Odds – 1) / 2] × 1/2 (for Half Loss) × 1 (for Draw)
For example:
Real Madrid -1.5 @ 2.03 (Full Win)
Manchester United Over 2.75 @ 2.01 (Half Win)
Juventus -1.25 @ 2.07 (Half Loss)
Crystal Palace 0 @ 2.10 (Draw)
The total odds for this parlay would be:2.03 × [1 + (2.01 – 1) / 2] × 1/2 × 1 = 1.53
Thus, your payout for a $100 bet would be:100 × 1.53 = $153
What Happens if There's a Draw in Parlay Betting?
In a parlay, if all the selections end in a draw, the bet is considered void in some cases. For a parlay to be valid, the outcome should either be a win or loss for each selection. However, if all selections are draws, some betting platforms will adjust the odds (setting them at 1).
It’s important to check the rules of your chosen bookmaker to ensure that a draw in a parlay is treated appropriately.
How to Always Win at Parlay Betting in Football
Here are some strategies to increase your chances of winning parlays:
1. Focus on Handicap Betting (VIP)
When betting on handicap markets, prioritize placing parlay bets on the underdog teams or when betting on teams with a -0.5 or higher handicap.
For example, in a 3-match parlay, choose teams with a handicap from +0.75 upwards.
2. Consider Over/Under Goals
Over/Under (O/U) betting is a popular market for parlay bettors. To improve your odds of winning, try the following:
Avoid combining games with a high O/U (e.g., 3.25).
Prefer betting on games with an O/U of 3.5 or higher.
Focus on games with a first-half O/U of 1 or higher.
3. "Lay" Bets and Timing
A useful technique is understanding when to “lay” bets (hedging your bets) to limit losses if a parlay looks likely to fail. This strategy works especially well when you have multiple successful selections and one remaining that could result in a loss. By betting against the final result, you ensure a small profit regardless of the outcome.
Tips for Parlay Betting on Live Games
Live parlay betting, known as "running" parlays, allows you to adjust your bets while a game is in progress. It's a favored strategy for many bettors because it gives you a chance to capitalize on in-game developments.
Stick to 2- or 3-bet parlays to minimize risk.
Avoid “laying” bets or hedging during running parlays to keep the excitement.
Place bets around the 65-minute mark in the game for better results.
Important Reminders for Parlay Betting
Do not combine bets from the same match in a parlay.
Some bookmakers offer parlay options that allow combining bets from different sports.
Pay attention to bonuses or refunds for parlays of five or more selections.
In case of postponed or canceled matches, your bet may be voided, and only valid selections count.
Conclusion
Parlay betting can be a fun and rewarding way to enhance your football betting experience. By mastering the calculations and betting tips in telegram you can significantly improve your chances of winning. Keep learning about different betting markets and strategies to refine your skills and maximize your profits.