Just like other types of bets such as European odds, Asian handicap, or corner bets, parlay betting, also known as accumulator betting, is one of the most popular betting options among players. While it is considered challenging to win, the high potential payouts make it an attractive choice for many bettors. Have you fully understood how parlay betting works? Let's explore this exciting betting type with Win tips!
What is Parlay Betting?
Parlay betting involves placing wagers on multiple matches that occur consecutively, regardless of the time. To win the bet, all selected matches must win, or at least meet the condition of a half-win on one of the bets.
Parlay betting is also known as accumulator bets, combo bets, multiple bets, all-ups, parlays, or coupons in international online bookmaker list.
There are different types of football parlay bets, such as:
Double Parlay (Doubles) – 2 selections
Triple Parlay (Trebles) – 3 selections
Four-Fold Parlay (Quady or 4 Folds) – 4 selections
Five-Fold Parlay (5 Folds) – 5 selections
How to Play Parlay Betting in Football Betting
Example:
In a tournament, the following matches are available:
Real Madrid vs Liverpool: Odds - 2.00 | 3.50 | 3.90
Man United vs Brighton: Odds - 2.00 | 3.40 | 3.50
Leicester City vs Manchester City: Odds - 3.80 | 3.50 | 2.00
Since these matches do not occur at the same time, players can place bets in two ways:
Single Bets
If you place a single bet on Real Madrid with $10 at odds of 2.00, and they win, you will receive $20. If they lose, you lose your $10 and stop betting.
For the second match, if you bet $21 on Man United at 2.00 odds, and they win, your total winnings will be $40. If they lose, you stop betting and lose only $10.
In the last match, if you wager $43.05 on Manchester City at 2.00 odds, a win will give you $80, but a loss means you lose $10.
Parlay Betting
In parlay betting, you do not wait for each match to conclude before placing another bet. Instead, all bets are combined into a single bet slip. If Real Madrid, Man United, and Manchester City all win, and each has odds of 2.00, then the total odds for the parlay bet are:
2.00×2.00×2.00=6.002.00 \times 2.00 \times 2.00=6.002.00×2.00×2.00=6.00
If you bet $10 on this parlay, your total winnings would be $60. However, if any of the selected teams lose, you lose the entire $10 bet.
At W88, parlay bets can include up to 14 selections, with average odds per selection being 2.00. The total potential payout follows the formula:
214=16,384!2^14 = 16,384!214=16,384!
How to Calculate Parlay Winnings
One of the easiest ways to calculate parlay winnings is by using decimal odds:
Parlay Odds=(Odds for Bet 1)×(Odds for Bet 2)×⋯×(Odds for Bet n)\textParlay Odds = (\textOdds for Bet 1) \times (\textOdds for Bet 2) \times \dots \times (\textOdds for Bet n)Parlay Odds=(Odds for Bet 1)×(Odds for Bet 2)×⋯×(Odds for Bet n)
If all bets win, the total payout is based on the combined parlay odds.
If any bet loses, the entire parlay bet is lost.
If a bet results in a draw, its odds are considered 1, meaning it does not affect the overall odds.
Conclusion
The information above provides a comprehensive understanding of parlay betting, including how to calculate winnings in different scenarios. We hope this guide helps you maximize your chances of winning when betting on free football prediction.