Guide To Play Parlay Betting in Football Betting

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Parlay betting is a familiar form of wagering for sports enthusiasts, as it offers high potential payouts but also carries a degree of risk and challenge for the bettor. In this guide, we will delve deeper into parlay betting.

 

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So, what exactly is parlay betting in football?

Parlay betting, also known as combo betting, is a way to combine two or more wagers into a single betting ticket. All the selected bets are placed on one ticket, and if all of them win, the bettor receives a substantial payout. However, if even one of the bets loses, the entire ticket is lost.

Parlay betting is indeed a high-risk, high-reward form of wagering. It can yield significant profits, often doubling or tripling the original stake or even more.

How do you calculate parlay bets correctly?

In sports betting today, there are three common types of bets: Asian handicap, European handicap, and over/under betting. Here's how to calculate parlay bets for each:

European Handicap:

In this type of betting, the bettor multiplies all the odds of the selected bets together, from bet 1 to bet n. The odds for these bets are determined by the bookmaker. So, if you win a European handicap parlay with three bets, you would multiply the odds by 3.12 to determine your total winnings.

 

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Asian Handicap and Over/Under Bets:

For Asian handicap and over/under bets, the calculation is a bit more complex. Here's how it works:

Winnings = Odds of winning bet 1 x [1 + (Odds of winning bet 2 - 1) / 2] x 0.5 x (If bet 3 is a losing bet) x 1 x (If bet 4 is a draw) ... X Odds of winning bet n.

For example, if you win a parlay bet with three matches in Asian handicap or over/under betting, you would calculate your winnings using this formula: [1 + (2.1 - 1) / 2] x 0.5 x 1.9.

If you lose any of the three matches in this scenario, you would lose your initial stake.

Parlay Betting Tips

To win in parlay betting, you first need to understand the rules of the game. Here are some key points to keep in mind:

Choose the Right Timing: Place parlay bets when you believe there's a high likelihood of one of your bets losing. Start with a 50% stake in your parlay when you see a potential for an upset.

Avoid Chasing Long Parlays: While the potential payouts can be enormous, it's advisable not to chase overly long parlay bets. They significantly reduce your chances of winning, even though the potential rewards are high.

Don't Follow the Crowd: Successful long-term bettors rarely follow the crowd. They trust their own judgment and stick to their pre-determined strategies.

 

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In conclusion, we hope that after reading this article, you have a better understanding of parlay betting, also known as combo betting. With this knowledge, you can approach parlay bets with confidence and aim for significant winnings.