What is a Parlay Bet?
Bookmakers offer different types of bets, but the most popular are single bets and parlay bets. And since many people are wondering what a parlay bet is, we will try to explain it in detail in this article.
Generally, this is a bet on more than 2 selections that is added to the slip. If any of the bets lose, you lose the entire parlay.
How to make a parlay bet?
The right column represents a multiple bet and is also called an accumulator. You bet on several matches. To calculate your profit, you need to multiply all the match odds in the right column, and the resulting amount is multiplied by the bet.
Most often bookmakers require you to place at least 3 selections to form a multiple bet (parlay or combo bet). Note that if only one of the bets loses, you will lose the whole amount. In other words, you are not betting on individual matches, but on all of them in your slip.
The advantage of parlay bets is that you can make a big profit if you win because all bets are compounded and the end result is your winnings. This is not the case with single bets, where you only get paid for the winning bet. Of course, this also has its advantages. With a single bet, you don’t lose your slip if a match goes awry.
Advantages and disadvantages of parlay bets
The biggest advantage of a parlay bet is that the odds swell significantly. You calculate the rates of the matches in the column and thus get a high figure. In other words, if you predict all the outcomes accurately and have made a good bet, you will enjoy a high profit.
Another plus is that with the so-called accumulators, you have the option to add matches from different sports. You can add selections of football, basketball, volleyball and others. In this way, you will diversify your slip and if you make correct predictions, you will be the ultimate winner.
The downside is that even one failed bet will make all the others fail. When making multiple bets, it is not very wise to run dozens of matches in a row. We advise you to choose about 4-5 selections with better prospects.
We hope you enjoyed this article on parlay bets. They are preferred by many players to this day because everyone is hoping for a big win. Our website has a complete list of online bookmakers that offer you the option of parlay bets.