What is a parlay bet? How to calculate the standard parlay bet

Parlay, also known as Mix parlay, is one of the basic terms when participating in football betting games. For new players, “What is a parlay bet” is certainly a frequent question. Understanding that, this article PHSpin will help you understand parlay bets and how to calculate parlay bets in football.

What is a parlay bet?

A parlay bet is a type of bet that combines many different odds into one bet. Odds in football sport can include Asian odds, European odds, Over/Under odds, ½ odds, etc. The reward rate that the player receives will be calculated based on the multiplication of the number of bets they have participated in.

The advantage of parlay bets is that players do not have to spend too much capital but can still earn huge profits. But the disadvantage is that if one team loses the bet, they will lose everything. This means that to receive the bonus, the player needs to win all bets.

However, this is only a small disadvantage and does not have a big impact on the playing experience. Therefore, experienced players often apply this method to earn a large amount of money.

What are the rules of parlay betting in football?

• Parlay bets allow players to bet on multiple matches at the same time.
• The rules of the game are easy to understand: players need to bet on at least two matches. Then, you will choose the odds that match your choice. These odds will be published by the bookmaker on the website, making it easy for players to follow and compare.
• After choosing a bet, players only need to enter the amount they want to bet into the system. The system will automatically calculate and display details about the percentage of bonus you are likely to receive if you win. In addition, you can also enter the amount you want to receive back if you win the bet, and the bookmaker will automatically calculate and display the corresponding odds.

How to calculate accurate parlay bets in football

• What is a parlay bet? This is a very popular form of betting and always attracts the attention of many players. However, not everyone who participates can achieve high profits. This way of playing is quite complicated to understand, so beginners often do not choose this form.
• On the contrary, professional and experienced players love and often apply parlay bets in their strategies. To understand better, we will look at how to calculate parlay bets for Asian handicaps and Over/Under bets.
• Winning bet: Calculated by multiplying the betting coefficient of bet 1 by the betting coefficient of bet 2, and so on until bet n.
• Winning bet ½: ((odds ratio – 1)/2) + 1.
• Losing bet ½: Coefficient of the whole parlay /2.
• Draw bet: Coefficient x1.

Experience playing parlay bets to ensure victory

• Everyone knows what a parlay bet is, this is considered a difficult bet but has a high chance of winning and earning a huge amount of money. To increase the possibility of receiving bonuses from the bookie, here are some experiences in playing parlay bets that experts have shared with you:
• Grasp the detailed rules of parlay betting
• Everyone needs to clearly understand the rules and regulations of the game, not just parlay bets, bookies have different regulations for this form of football betting. Understanding the rules and regulations of parlay betting will help players feel confident when entering the match. Thanks to that, you can focus on your analysis and research to optimize your chances of winning.
• Play a parlay match
• When choosing to place a parlay bet, you need to know that it is not easy, because the prerequisite is that all bets must win. According to experienced players, if you are sure which team will win the match, focus completely on that match. Due to the high-risk level, you should avoid being greedy and should not analyze too many matches at the same time.
• Running a cross at the right time
• When knowing what a cross bet is, running a cross means that the player bets the opposite of what he has placed. This method is applied if he realizes that 1 or more matches are likely to lose. And if you run a cross at the right time, your winning rate will be higher, or the damage will be less. However, running a cross is not always effective. This form is often applied in some specific cases as follows:
• When your account balance is not much, but still in a safe state (“offshore”).
• When the cross-bet odds are low.

Conclusion

Above is the most detailed information about what a parlay bet is and how to calculate the odds. Parlay is a form of football betting that is loved by many people because of the huge profits it brings, focus on reading carefully and only refer to the content of this article.