What is football parlay betting?
Parlay betting in football, also commonly referred to as accumulator or combo bets, involves combining multiple bets into one single wager for a particular match. Apart from football, participants can place parlay bets in any other sports as well.
When players place multiple types of bets, the odds set by the bookmakers are reduced. This significantly reduces obstacles such as score manipulation, match-fixing, or corruption.
While the odds of winning in parlay betting are relatively low, if successful, players stand to win a significantly large reward. Therefore, players engaging in parlay betting should be seasoned analysts with deep understanding of the teams involved in the matches.
To place a parlay bet, participants must wager on at least three bets or more. If all bets win, the player receives a substantial payout. However, if even one bet loses, the participant forfeits the entire amount wagered.
How to calculate various types of parlay bets in football
There are numerous types of football bets available today. However, when placing parlay bets, players only need to pay attention to three main types: European handicap, Handicap, and Over/Under bets. These are also the three most popular types of bets played in Vietnam at present.
Below are the specific calculation methods for the aforementioned three types of bets:
Calculating European handicap odds
European handicap betting is considered easier to play compared to other types of bets. When placing parlay bets on European football, participants simply need to choose one team without concerning themselves with the match score. If the prediction football win is correct, the participant wins the bet.
The formula to calculate the winnings is:
Bet Odds (BO) of Bet 1 x Bet Odds (BO) of Bet 2 x Bet Odds (BO) of Bet 3 x ... X Bet Odds (BO) of Bet n
Calculating handicap and over/under odds
The formula for calculating Asian handicap and over/under bets will be much more complex compared to calculating European handicap bets.
The specific calculation method is as follows:
Asian handicap bet with odds of 1/2: (odds ratio - 1)/2 + 1
Asian handicap bet with odds of 1/2 lost: half of the combined odds
Asian handicap bet with odds of a tie: odds ratio x 1
If all the above cases occur, the formula for calculation will be as follows:
Bet odds x (1 + (odds ratio of winning half - 1)/2 x 1/2 (odds ratio of losing half) x 1 (odds ratio of a tie) x ... X bet odds n...)
Some considerations when playing football parlay bets
Don't be greedy and play long parlay bets; it's best to stick to around 2-4 parlays.
Each player can add a few parlays for other sports such as tennis, football, basketball...
Parlay bets shouldn't be in the same football match.
In addition to the main parlay bets, for bets with three selections or more, some bookmakers allow you to bet on all possible parlays from the selected market.
Some bookmakers offer extra rewards for parlay bets. Therefore, consider which bookmakers offer parlay bonuses and are among the most reputable in the market today.
Effective strategies for analyzing parlay odds
Analyzing your team thoroughly: Regularly updating information and football knowledge is the most effective way to analyze odds. At the same time, carefully consider the markets you participate in and select winning combinations. Always keep track and learn, absorb the secrets from expert groups. From there, you'll be able to build an effective betting strategy for yourself.
Avoid playing too many different matches: The complexity and competitiveness of winning parlay bets are directly proportional to the number of matches and bets you play.
Bet at the right time and right moment: If you determine that the odds of losing a parlay bet are very high, players can bet equally with 50% of the wagered amount.
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Choose the underdog wisely: Betting on the underdog allows participants to easily manage and maintain their capital for effective betting. With this betting strategy, participants will still profit regardless of the outcome. The key here is for players to make wise choices. And if you lose the first round, you can only maintain your playing capital, and if circumstances permit, you can also make a profit.
Learn and enhance knowledge: Whether playing football betting or other professions, everyone needs to establish a brand to achieve the best efficiency. And this is particularly important in football betting.
Cases when you should consider playing parlay bets
If your account balance is very low, you need to save money to continue playing for a long time.
If you want to have a chance of getting lucky when you almost have enough results, you have placed a bet, but the odds of winning are low, then you should play a parlay.
Cases when you should avoid playing parlay bets
Small football matches with low parlay odds
Your account balance is still quite large
The outcome of the parlay is not yet finalized
Unstable mood
Conclusion
In this article, we have explored parlay betting in football and discussed some common types of football parlay bets. We trust that this concise guide, brought to you by sporty trader, will enhance your understanding and bolster your betting strategies!