How to Play Parlay Bets in Football? | Understanding Parlay BetsBetting is never without risks. However, if you are looking to learn how to play parlay bets in football at the best betting site in the world and seek advice, you've come to the right place!
For those who play parlay bets in football, their level of risk-taking can be quite surprising. In this article, Wordbongda will explain the concept of parlay bets and the strategies used by bettors, providing you with a comprehensive understanding of why they are so daring.
What is a Parlay Bet?
In football betting, bookmakers typically offer three main types of odds: Asian handicap, European handicap, and over/under. There are also various other types of bets such as corner kicks, penalties, and yellow cards to attract bettors. Parlay bet is a way to combine multiple types of bets into one.
Explanation of Parlay Bets in Football
Parlay bets, also known as Mix Parlay, Combo Bets, or Multiple Bets, allow players to choose multiple bets in different matches, not necessarily within the same tournament. Bettors can freely select the most secure bets based on their calculations. A typical parlay bet consists of three or more legs (folds). If all legs win, the player will receive a large payout. However, if one leg loses... better luck next time.
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Parlay bets are not easy to play and are not suitable for those with a weak mentality. Football is a sport filled with surprises. Many bets may seem like sure winners but end up disappointing the bettors. If you want to play parlay bets, you need to know how to calculate parlay bets in football.
How to Calculate Parlay Bets in Football
Although bookmakers offer various types of bets, we will focus on three main types: Asian handicap, European handicap, and over/under. These are the most popular and commonly used bets for parlay betting. Among them, calculating parlay bets for European handicap is easier compared to Asian handicap and over/under. However, before placing a parlay bet, you need to know how to read football odds accurately.
2.1 How to Play Parlay Bets for European Handicap
European handicap bets are primarily focused on the ease of comparing odds compared to Asian handicap. Players only need to choose a team to win and will be rewarded based on the odds. The formula for a European handicap parlay bet is as follows:
Bet Odds 1 x Bet Odds 2 x ... x Bet Odds n
Example of playing a European handicap parlay bet:
A player places a parlay bet with 4 legs and an initial stake of $200.
The legs in this parlay bet include: Barcelona @ 1.6, PSG @ 1.3, Arsenal @ 1.92, Bayern Munich @ 1.15.
If all four chosen teams win, the player wins the parlay bet. The payout would be: 4.59264 x $200 = $918.528.
However, if any of the four chosen teams loses, the player will lose the bet.
Note: Please be aware that betting involves risks, and it is essential to gamble responsibly.
2.2 How to Calculate Asian Handicap Parlay Bets in Football
The calculation of Asian handicap and over/under bets can be quite complex, making them harder to understand compared to 1X2 bets. Here is how you can calculate a parlay bet with Asian handicap and over/under bets, along with some other types:
If the bet wins, the payout is calculated using an unlimited exponential factor. Therefore, parlay bets are usually applied to smaller leagues.
In a parlay bet with a half-win, the formula is: ((% of the bet - 1)/2) + 1.
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In a parlay bet with a half-loss, it is determined by the bookmaker's allocation.
In a parlay bet with a draw, the multiplier is 1.
The general formula (when all four cases above are present) is:
Winning odds x (1 + (Half-win odds - 1)/2) x 1/2 (Half-loss odds) x 1 (Draw odds) x ... x Next odds.
Is parlay betting easy in football?
Therefore, parlay bets are never easy to win. The potential profit is so tempting that people are lured into it. If you lose a bet within a parlay sequence, you will lose the entire previous sequence. This implies that you are in a 0.0001% winning probability situation.
The above information shared by Worldbongda provides insights into how to calculate parlay bets in football and clarifies the win/loss aspect for bettors. Stay alert before it's too late!