What is a Parlay? The Easiest Way to Read Parlays for Beginners!

What exactly are parlay bets and how can they be read in the most effective way? This article will provide the answers to these questions!

What is a Parlay?

Parlay bets, which are also referred to as accumulator, multiple bet, or mix parlay, involve placing a single bet on multiple outcomes. To win a parlay, a player must successfully predict all of the outcomes. Although parlay bets can yield higher winnings than single bets, they also come with greater risks. At European bookmakers, parlay bets are also known as Accumulator, Multiple Beat, or Mix Parlay, etc.

There are different types of parlay bets, but the most popular is football parlays. Football parlays are bets where players place bets on the outcome of many different football matches in a single bet.

For example, a player can bet on the outcome of 3 football matches as follows:

  • Team A beats Team B
  • Team C draws Team D
  • Team E beat Team F

To win this parlay, a player needs to win all 3 bets. If team A wins team B, team C draws team D and team E wins team F, then the player wins this parlay bet.

Popular Types of Parlay Bets

Placing parlay bets involves betting on two or more events in the same market, making it more complex than single bets. The type of parlay bet varies based on the number of events and how they are matched. The different types of parlay bets are as follows:

Double bets

Double parlay is betting on two separate events. To win a 2 parlay, both events must be won. If either event loses, you lose your bet.

Treble bets

A Treble bet is a bet on three separate events. To win the 3-way bet, all three events must be won. If one of the three events loses, you lose your bet.

Fourfold bet

A fourfold bet is betting on four separate events. To win a fourfold bet, all four events must be won. If one of the four events loses, you lose your bet.

Fivefold bet

A fivefold bet is a bet on five separate events. To win a fivefold bet, all five events must be won. If one of the five events loses, you lose your bet.

Goliath Bet

More complex bets, including 247 parlays from 8 different events. There are many ways to win in Goliath, from 2 events or more.

Heinz Bet

A Heinz Bet is a type of parlay bet from 6 separate events, consisting of a total of 57 parlays. To have a chance to win, you need to win at least 2 events.

Patent Bet

A patent bet is a bet on 3 separate events, making a total of 7 parlays. At least 1 event must be won in order to receive a portion of the winnings.

Trixie Bet

A Trixie bet is betting on 3 separate events, making a total of 4 parlays. To have a chance to win, you need to win at least 2 events.

Parlay bets are a popular and exciting option for players who want to test their skills and potentially earn high returns by correctly predicting multiple events in the same market. However, it’s important to note that some bookmakers only offer basic parlay options with 2, 3, or 4 events. Because of the complexity and high risk involved, it’s recommended that players thoroughly educate themselves on how to calculate and manage parlay bets before participating.

Parlay Betting Rules

When playing parlay, players should be aware of some fundamental rules. These regulations comprise:

  • To win the parlay bet, all of the bet outcomes must be won by the player.
  • If one of the bet outcomes is lost by the player, then they will lose the parlay bet.
  • When it comes to betting, parlay bets offer a greater likelihood of winning compared to single bets, but they also come with a higher level of risk.
  • It’s advisable for players to bet on matches where they possess ample information and knowledge.
  • Players must place bets on parlays with an amount they can afford to lose.

How to Calculate Parlay Bets​

In order to increase our chances of winning while betting, it is important to have a clear understanding of the betting rules. When it comes to parlay bets, the calculation process is fairly straightforward. Simply multiply the odds of each outcome bet together.

Here are detailed and easy-to-understand ways to calculate parlay bets.

How to Calculate European Handicap

To calculate the odds, you will have to multiply the odds of each match together.

If a player places a parlay bet on three football matches with odds of 2.00, 1.80, and 1.50, the parlay’s odds will be calculated as 2.00 x 1.80 x 1.50 = 6.00. This means that a bet of 100,000 VND on this parlay will result in a payout of 600,000 VND if the player wins the bet.

How to Calculate Asian Handicap and Over/Under

It’s important to keep in mind that calculating Asian odds and under is not exactly the same as European football handicaps. While there are similarities, there are also notable differences that need to be taken into account.

  • For Asian parlay bets, players need to bet on the team that they believe will win with certain odds. If the team on which the player bets wins by a margin greater than or equal to the set odds, then the player wins the bet. If the team on which the player bets wins by a difference of less than the set odds, then the player loses the bet.
  • For over and under-parlay bets, players need to bet on the total number of goals scored in the match. If the total number of goals scored in the match is greater than or equal to the set odds, then the player wins the bet. If the total number of goals scored in the match is less than the set odds, then the player loses the bet.
  • For types of handicap and O/U, the specific calculation formula is as follows:

Winnings = Bet amount x betting odd 1 x betting odd 2….

It is divided into cases such as:

  • If the match is a draw: Betting odd = 1
  • To win half the money: Betting odd = ( (Parlay odd – 1) / 2) +1

Parlay Handicap Experience by expert

1. Discover Bet Types and Rules​

Before participating in parlay bets, you should have a clear understanding of the different types of bets and the house rules. This includes how the odds are calculated, how to bet on Europe and Asia & under, and how parlays work.

2. Keep the Information up-to-date

Researching information about teams, players, business information, transfer deals, and force situation is very important when participating in parlay bets. This helps you to make smarter and more informed decisions in placing bets.

3. Profit and Risk Consideration

Parlay bets can offer attractive returns, but they also come with higher risks. You should consider carefully before placing parlay bets and make sure that you can accept the risk that it carries.

4. Bet With a Reasonable Amount

Do not place parlay bets with an amount greater than your financial limit. Bet with a reasonable amount and do not bet all your savings or money needed for daily living.

5. Choose Pairs Carefully

Choose your bets carefully and focus on the facts that you understand better. Avoid betting on multiple matches at once if you are not confident in your decision.

Tips for Playing Parlays

  • Limit the number of parlay bets: Avoid placing too many parlays at one time. It is best to only play from 2-4 bets.
  • Check parlay options: If a parlay bet has three or more events, consider all available bets from the selected market, not just limited to the main parlay.
  • Choose a reputable bookie with attractive promotions: Find a reliable bookie with attractive promotions to enjoy a better betting experience.
  • Win Odds Calculation: Make sure your bet’s odds of winning are at least 75% or more to maximize your chances of winning.
  • Capital management: Divide your capital into many parts to play for the long term and avoid the risk of losing all your money in one bet.
  • Avoid untrustworthy bookies: Be careful and avoid betting at unqualified bookmakers, avoiding the risk of losing money unnecessarily.

Conclusion

Parlay bets are a form of betting that can bring players high profits, but also high risks. Players need to consider carefully before placing parlay bets and should only bet with the amount that they can accept to lose. Hope this article from Bestsoikeo will give you valuable instructions about parlay. Good luck!

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