What is Parlay Betting in Football?
If you are a football betting enthusiast and youre feeling bored with the usual types of bets, or youre finding that the winnings from single bets are too low, then why not try parlay betting? Parlay betting is one of the types of bets that can bring you extremely high rewards if you win. So, what exactly is parlay betting, and how do you play it effectively? Lets explore everything you need to know withbet win tipsin this article.
What is Parlay Betting?
Parlay betting inking betting site, also known as Mix Parlay, is a type of bet where you combine multiple individual bets from different matches into a single betting slip in other words, you "parlay" these bets together.
In a parlay bet, you must select at least 2 different bets, and you can combine up to 10 bets into one slip.
The more bets you add, the higher the potential payout but also, the higher the risk. If even one bet loses, you lose the entire parlay bet. To win the parlay, all selected bets must either win or result in a draw (depending on the bet type).
How to Calculate Parlay Winnings in Football
Unlike regular single bets, parlay payouts are calculated exponentially, making them very attractive.
Parlay Winnings Formula:
Winnings = (Stake * (A) * (B) * (C) * * (N)) - Stake
A, B, C, N: These are the odds for each individual selection in your parlay.
If you win the full bet, the odds are calculated as 1 + odds.
If you win half the bet, the odds are calculated as 1 + (odds/2).
Example:
You place 1000 points on a 3-leg parlay:
Over in the match Chita vs Kuban Holding (Odds: 0.92)
Over in the match Nelstar vs Choma Dam (Odds: 0.93)
Over in the match Sandsbro vs Ingelstads (Odds: 0.90)
If all 3 bets win, your total winnings would be:
Winnings = (1000 * (1+0.92) * (1+0.93) * (1+0.90)) - 1000 = 6040.64 points
How to Calculate Asian Handicap Parlay Bets
This is when youparlay Asian Handicap betsfrom different matches into one bet slip. The odds here are based on theAsian betting market.
Formula for Asian Handicap Parlay Odds:
Parlay Odds = (Winning Odds) x (1 + (Half-Win Odds 1)/2) x (1/2 for Half-Loss) x (1 for Draw) x x (Final Bet Odds)
For example, if you bet on3 matches, possible outcomes include:
All3 teams win.
2 teams win,1 team wins half.
2 teams win,1 team loses half.
How to Calculate European Parlay Bets
This works differently fromAsian Handicap parlays. InEuropean parlays, you eitherwin or loseeach leg there isno half-win or half-loss scenario.
Formula for European Parlay Odds:
Parlay Odds = Bet 1 Odds x Bet 2 Odds x Bet 3 Odds x x Bet n Odds
This formula applies toall European parlay bets, and itsvery simple to calculate. This system also makesEuropean parlays easier to managecompared to the Asian version. Furthermore, since there are fewer complex outcomes,your chances of hitting a full winning parlay can be highercompared to Asian parlays.
Conclusion
Parlay bettingoffers thepotential for very high rewards, but it also comes withextremely high riskif even one bet loses, the entire parlay fails.
We hope this article has helped you understandwhat parlay betting isandnew soccer prediction. Finally,good luck if you decide to give this exciting betting format a try!
