What is a parlay bet? The content of the information below will help you better understand this type of betting. This is also the way for you to participate in football betting with the opportunity to accurately predict the results. Members who bet need to pay attention to clearly understand the rules of the game along with some good tips. Join JILI777 to find the answers to all these important contents.
Introduction to the type of parlay bet
Parlay bet ting is one of the forms of football betting or often known by other names such as chain betting, Mix Parlay or Multiple Bet. You participate in betting on many different types such as European odds, Asian odds, Over/Under odds… New participants always have the opportunity to have the best experience during the betting process.
You have a chance to win with a ratio of 33% depending on the door you bet on. Members with smart playing strategies can easily turn the situation from losing to undefeated. However, you need to pay attention to the issue of good financial management to avoid big risks.
What are the types of parlay bet?
Before participating in this type of betting, you need to know the types of bets that will appear. This is the way for you to prepare well the knowledge as well as find information to experience the game smoothly.
What are the types of parlay bet?
Below are all the most popular types of bets for this form of betting. Depending on your needs and preferences, you can choose to participate.
- Double cross: Can be simply understood as the number of 2 cross bets.
- Double Treble: That is, the player participates in the number of 3-way bets.
- 4 Fold Parlay.
- 5 Fold Parlay.
- 6 Fold Parlay.
What is a specific example of a parlay bet?
To help players better understand this type of betting, here is a specific example of the famous football teams Liverpool, MU and Manchester United. The bookmaker offers players to participate in 3-way betting.
- Liverpool FC bet 1.70.
- MU Club bet 1.40.
- Manchester United Club bet 1.56.
Players who correctly predict the final betting result will receive a parlay bet payout ratio of 1.70 x 1.40 x 1.56 = 3.7128. Then, depending on the amount you bet to multiply by this ratio. For example, a rookie bets with an amount of 100,000 VND x 3.7128 = 371,280 VND. Note, the bettor only needs to predict the result of one of the three teams incorrectly, then he will definitely lose the entire bet amount.
What is the detailed guide on the exact formula for calculating a parlay bet?
Players participating in this type of bet need to know exactly about the calculation formula. This will help you make an effective betting budget that is suitable for your personal finances.
Calculated according to Over/Under and Asian handicap
The player receives the final bonus amount calculated according to the money coefficient through: cross bet = Winning odds coefficient x [½ x (winning odds coefficient ½ – 1)] x ½ (half losing odds) x 1 (if the odds are tied) x … odds coefficient n. Members can simply understand that the house’s reward mechanism is calculated exponentially. For example, you participate in a 3-way bet, in which you bet 100,000 VND:
- Liverpool FC bet 2.75, odds are 2.25 and the result of the last match in March was left.
- Manchester United FC placed the bet under -0.25, the odds were 2.0 and the result was a draw.
- Manchester City Club bet under -0.5, odds are 2.1 and have a winning score of 3-0.
The winning player receives the specific odds of: 1 + (2.05 – 1):2 x1/2 x 2.10 = 1.55125. Based on the amount the player initially bet, you receive the exact amount of 100,000 VND x 1.55125 = 155,125 VND.
How to calculate European odds for parlay bet?
For this type of bet, there is a simpler way to calculate the bonus value. Specifically, it will be based on the bonus coefficient formula specified by the bookmaker in each type of bet. Then message each other to get the final total bonus value.
What are some good experiences in the process of participating in parlay bet?
This is considered a very difficult type of bet to play and not everyone has the opportunity to win to receive a big reward. Therefore, before participating, members need to clearly understand the information about the rules as well as the types of bets that may appear. Here are some effective playing strategies applied by experts in the process of participating in cross bets.
- When making predictions, it is necessary to analyze carefully and pay attention to the rules and regulations of the game.
- Each member needs to find out detailed information about the teams to know their current form and physical strength.
- You can participate in diagonal running when choosing the right time to bet.
- Join groups on social networking platforms to learn more knowledge and experience from experts to help increase your chances of winning.
What should be noted during the experience of parlay bet?
Here are some very important notes that you need to pay attention to. This is also considered an opportunity for you to predict the Results accurately to have a chance to win big.
- In a match when participating in a combination bet, you should not bet on many different types of bets at the same time.
- The winning rate is very low if you choose to participate in a long-term combination bet. Instead, you should maintain a range of 2 to 4 combinations.
- You need to divide your bets into many games to gain experience and stay calm in all situations.
Conclude
Above is all the detailed information about the genre what is a parlay bet? Players who participate in predicting the correct results have the opportunity to receive attractive bonuses from the house. JILI777 wishes all members good luck and play the cross bet to predict the correct results in the match.