Few types of betting are as well known as combined or parlay bets. There are many types of bets in the world of sports. The best known is in which the players bet on who will be the winner in a soccer match. But anyone who thinks that betting on the winner of a match is the only option is wrong, as betting markets go much further.
Players can bet on the winner, who will score the most goals, the exact number of goals, who will win in the first half, and many other options. Betting on only one of these variables is making a simple bet.
On the other hand, if a bet has more than two variables or events, the players will be making a combined or Parlay bet. This type of bet is much more attractive since, by combining events, the odds offered are higher.
What is the translation of Parlay?
The word Parlay means to bet on the accumulator or accumulator bet. Parlay is the type of betting mentioned above, where bets are placed on more than one event.
How do combined bets work?
Combination bets are made up of more than one single, or individual, bet. Each simple bet, made up of a variable, contains a fee that is the value that will be multiplied by the amount of the bet, and from there the player will obtain the profit.
In combination bets, the odds for each event are multiplied and that value is multiplied by the amount of the bet. To win on a combination bet, the player must hit each of the individual events. If you lose in an event, the entire bet will be considered lost.
For example, if the player bets on Barcelona to win in one match, and bets on Real Madrid to win in another, both teams will have to win for the player to win the multiple bet.
Advantage of combined bets
The biggest advantage of making combined bets is the value of the final odds. As the odds for each event are multiplied together, the amount of the win is higher.
Of course, to get that profit, you need to win in all events. The gain is greater, but so is the risk.
How does the payment of a Parlay work?
Parlay bets pay the amount of the bet multiplied by the value of the multiplications of the odds of the events involved in the bet.
Continuing with the previous example, if the bet made in Barcelona has odds of 2.5 and the one in Real Madrid has odds of 3.6, the total odds of the combined bet would be 9.
For example, if the bet were $10 on each event, the total win would be $180 ($20 x 9 = $180).
What are the odds of winning with a Parlay?
In combination bets, the risk of losing the bet is high, since losing in one event, the player will lose the entire bet.
That is why it is important to think carefully about the combinations to be made so that the risk decreases. For example, placing bets on widely disparate teams will increase the probability of losing.
A good option to reduce the risk of loss is to use the combined bet calculator.
Differences between single and combined bets
Single bets are bets placed on individual events. For example, in a game between Barcelona and Real Madrid, if you bet $10 at odds of 2.6 on the home team winning, you will get $26 if you win the bet.
But when you place a combination bet, you are betting on more than one variable. For example, continuing with the previous example, if in addition to betting on the winner of the game, you also bet $5 on Over / Under with odds of 1.3, and you win both bets, your total win will be $50.70.
The individual odds in the accumulator are multiplied together, and multiplying that amount by the total bet will give you your profit.
Differences between multiple and combined bets
Most of the time, multiple and combination bets are considered the same type of bet. However, there is a small difference between them.
In the combination bet, all events must be winners in order to win the bet. In multiple bets, if you lose in one of the events, you will not lose the amount invested in the other events.
Combination bets are an excellent option for those who want to risk a little more on sporting events. With great care and certainty, this type of bet can be very profitable for players.