Exploring How to Play Parlay Bets in Football Betting

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Similar to other types of bets like Asian handicap, corner bets, or over/under bets, parlay betting, also known as accumulator or combo bets, is a popular choice among many bettors. Parlay bets are considered challenging to win, but the allure of high odds has not diminished its popularity. Do you understand parlay betting? Let's delve deeper into this type of bet with Wintips!

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What is a Parlay Bet?
A parlay bet is a type of wager where bettors place bets on a series of consecutive matches, regardless of when they take place. To win a parlay bet, all the selected matches must be won, or in some cases, if you win half of the money in one match, it counts as a win. Parlay betting is also known as accumulator betting, combo betting, multiple bets, all-ups, parlays, or coupons in international versions.
There are several types of football parlay bets, such as:
Doubles
Trebles
Quady or 4 Folds
5 Folds

How to Play Parlay Bets in Football Betting
Example:
In a tournament, there are the following matches:
Real Madrid vs Liverpool: 2.00 3.50 3.90
Man United vs Brighton: 2.00 3.40 3.50
Leicester City vs Manchester City: 3.80 3.50 2.00
As these matches do not happen simultaneously, bettors can choose one of the following ways to bet:
Single Bets:
In the first match, if you bet $10 on Real Madrid at odds of 2.00 and win, you'll receive $20; if you lose, you'll lose $10 and stop the parlay bet. In the second match, you bet $21 on Man United at odds of 2.05. If they win, you'll win $40; if they lose, you'll lose $10 and stop the parlay. In the last match, you bet $43.05 on Manchester City. If they win, you'll win $80; if they lose, you'll lose $10.
Parlay Bets:
When playing parlay bets, bettors do not have to wait for individual match results and can use winnings from previous matches to create a combined bet. If Real Madrid, Man United, and Manchester City win with odds of 2.00 each, the combined parlay odds would be 2.00 + 2.00 + 2.00=6.00. If you place $10 on the parlay and all three teams win, you have the chance to win $60. You will lose $10 if any of the three teams you selected doesn't win.
Bookmakers typically have rules for parlay bets. At most bookmakers, parlay bets can have up to 14 legs with an average odds of 2.0. In this case, the parlay odds are calculated as follows: 2^14=16,384!
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Guide to Calculating Parlay Bets
One of the simplest ways to calculate parlay bets is to apply the Decimal odds ratio rule:
Parlay odds=Odds of bet 1 * Odds of bet 2 * … * Odds of bet n (decimal)
In the case of single bets within a parlay with no ties, the outcome of the parlay is just the win or lose result of the match. If you win, you will receive your winning bet amount at the parlay odds ratio; if you lose, you will lose your bet amount.
In the case of single bets within a parlay with the possibility of a tie or a half-win or half-lose result, a more complex calculation is applied.
For example, in a parlay, ties will result in a refund of the bet amount, and the odds ratio is 1. In such cases, you can substitute the odds ratio with 1 in the following formulas:
When leg 1 ties: Parlay odds=1 * Odds of bet 2 * … * Odds of bet n (decimal)
When leg 1 loses half the amount: Parlay odds=1/2 * Odds of bet 2 * … * Odds of bet n (decimal)
When leg 1 wins half the amount: Parlay odds=([1 + odds of bet 1 – 1)]/2) * Odds of bet 2 * … * Odds of bet n (decimal)
General Formula: Parlay odds=(1 + (Half-Win Odds Ratio - 1) / 2) x 1/2 (If half-win odds) x 1 (If tie odds) … x Odds Ratio of bet n.
Tips for Playing Parlay Bets
Study the situation of the football teams
To make accurate predictions, you need to stay updated on the football and bookmaker news. Additionally, you should also thoroughly research the odds you intend to place, which will increase your chances of winning.
Furthermore, you should also study playing styles, tactics, and the relative strengths of each football club to make the best parlay bet selections.

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Conclusion
The information about parlay bets provided here will undoubtedly help you understand parlay betting and how to calculate parlay odds at bookmakers. We hope this useful information helps you win easily when participating in online football betting. Good Luck

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