What is a parlay bet? A popular form of football betting in today’s betting market. It is chosen by most experienced players because of its ability to bring themselves a high betting rate. To learn more about how to participate and experience playing right see the following article by Ezwin.
What do you know about parlay bets?
Mix Parlay is a form of betting that combines different types of bets into one ticket. The payout rate of this game is calculated based on the number and number of bets placed by the player.
In recent years, parlay bets have appeared a lot on major football betting sites. This lobby offers participants many attractive choices with the most attractive experiences. The characteristic of this form is that it helps you not to spend too much capital but still receive the best profits.
However, according to the characteristics of this way of playing, when you become a loser, you will lose all the money you bet. Thus, if you want to win, you need to win all the bets when placing. This is considered one of the ways of playing that gives participants a source of income x2, x3, …
What are the rules for participating in a parlay bet?
As mentioned above, when participating in a parlay bet, you can place many different types of bets at the same time. The rules of the parlay are very simple, you just need to place at least two or more matches and then choose the appropriate odds for each match. When there are results, the bookmaker will announce the odds so you know whether you win or lose.
After selecting, you just need to enter the amount you want to bet into the system. The dealer will calculate the amount of money the player receives if he wins the parlay bet.
How to calculate standard parlay bets today
After learning about the parlay bet, if members want to participate, they must know how to calculate the odds. The information below will introduce you to the most accurate ways to calculate:
Calculated according to Asian handicap and Over/Under
When participating in placing a combination bet in the Asian and Over/Under format, it will be calculated using the following formula: Odd combination = Winning odds coefficient x [(winning coefficient ½ – 1)/2] x ½ (if losing half) x 1 (if drawing) x … coefficient n.
The winning coefficient is the profit you receive, calculated exponentially. If a bet in a parlay wins ½, the calculation formula is: [(Rate – 1)/2] + 1. If you lose half, then take the parlay coefficient and divide it in half, but if it is a draw, the profit remains the same, multiplied by 1.
For example: The player participates in a 3-way bet with 230PHP with the following odds: Team A with odds of 2.75 has odds of 2.5 with a total of 3 goals; Team C with odds of -0.25 has odds of 1.00 with a draw; Team B with odds of -0.5 has odds of 2.1 to win with a score of 3 – 0. Thus, the money you receive will be: 1+(2.5-1)/2*½*2.1 will equal 1.7875.
Calculated with European parlay bets
With European odds, the calculation will be much simpler, we just need to apply the following formula: Odd odds = Coefficient 1 x coefficient 2 x coefficient 3 x … x coefficient n.
For example: A player places a 3-leg parlay bet of 230 PHP with team A at 1.2, team B at 1.7, team C at 1.45. The payout ratio will be calculated as 1.2*1.7*1.45 equal to 2.95800.
Experiences when participating in easy-to-win parlay bets
The above information has provided you with information about the rules of the game and how to calculate the winnings with the parlay bet. The information below will introduce you to important experiences to participate in order to win:
Understand the rules of participating in parlay betting
One of the first experiences that you need to grasp is the rules of the betting form. In addition to the basic rules, each bookmaker will have different rules and regulations for participation. Therefore, before participating, you need to master it to be more confident when placing bets.
That way, you will no longer pay too much attention to the rules of the game and will only focus on analyzing and researching to achieve the highest winning rate.
Choose the right time to bet
The next experience that many players pass on is choosing the time to place a bet. With this method, you need to analyze which team is likely to lose and synthesize the most suitable doors to bet together. When you participate at the right time, the winning rate will be much higher.
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Consider the ability and playing style of the participating teams
The next experience we want to introduce when participating in the parlay bet is team analysis. One of the important and extremely necessary factors is not only used for this betting method. But it is also used for all other football betting odds on the market.
Analyzing the team’s playing style and ability will help you identify which team is likely to win when competing with each other. From there, you can predict the odds that are likely to happen accurately. Thanks to those odds, you will proceed to find suitable types of bets to participate in playing cross bets.
With this method, participants must have experience in analyzing match odds to get the best results.
Conclude
The above sharing of Ezwin has explained to you what a parlay bet is as well as how to calculate the appropriate odds. To receive more useful information about football betting, follow the content of our other articles!
