Many reputable bookmakers have established betting forms to serve the needs and interests of players. Once you have become a betting player, you will probably want to conquer the parlay bets. So what is a parlay bet? How to play? Why do many experienced players in the world want to conquer this type of bet? Let’s analyze this bet carefully with 10JILI, helping you calculate the standard parlay bet and win for sure.
What is Parlay Betting?
Parlay betting is the English concept of Multiple Bets, all-ups, Combo bets, Coupons, Accumulators, and Parlay bets. Simply explained, this is the combination of 2 or more odd bets into one bet code. At least 2 bets. Thus, instead of having to bet individually on each bet, such as score bets or corner bets, betting on each match, in parlay betting, players bet all the above options on 1 bet ticket. These bets can come from many matches, sports. Much faster than the usual form of betting.
The single bets in parlay betting are called legs (legs or folds) of the parlay. Parlay betting requires a minimum of 2 legs and a maximum of 14 legs or more. Depending on the bookmaker. However, with multi-leg bets, the possibility of losing is quite high, but in return, if you win, the winning amount is a huge amount.
How to Calculate a Parlay Bet Simply
It may sound complicated, but the calculation of a parlay bet is quite simple. The simplest way to calculate a parlay bet is to convert it to decimal odds. Then we have the general formula:
Parlay bet payout = bet amount x odds of bet 1 x odds of bet 2 x odds of bet 3 x … x odds of bet n.
If one of the bets you predict is wrong, you will lose your initial bet and stop playing.
If you win all bets, you will receive a huge bonus!
Advantages of Parlay Bet
The most outstanding advantage of a parlay bet is that the player only has to spend a small amount of money, but has the opportunity to earn a huge amount of money if all predictions are correct.
Parlay betting allows players to bet on matches, sports, and types of bets in a single bet. For example, players can choose to bet on Moneyline for the first bet, bet over/under for the second bet, bet on the difference in points for the third bet, etc. Note that players can bet on many matches in 1 bet, but cannot bet on many predictions in 1 match.
Types of Bets You Can Bet on in a Parlay
There are many types of bets you can play in a parlay; here, we will introduce you to the most popular ones in sports betting.
Over/under total bet: This is a fairly easy-to-understand betting system and is very popular in basketball. The bookmaker will give a predicted total, and the player will have to bet on whether the actual result will be higher or lower than the prediction given by the bookmaker.
Handicap bet: This is a type of bet where the bookmaker will predict the stronger team and the weaker team. To make the 2 teams balanced on the betting table, the stronger team will give the weaker team points.
Moneyline bet: also known as a moneyline bet, in this form of betting, the player does not need to care about the score. Just choose which team wins/loses, and that’s it.
Bait bet: This is a type of bet where the player is allowed to change the handicap points to increase their chances of winning. However, it also means that the bookmaker will reduce the odds compared to the main handicap. Pleasers Bet: This is the opposite of the bait bet. Pleasers will bring you more bonuses (if you win) because the odds are not in your favor.
