What is Parlay betting? How to calculate football parlay bets effectively

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Parlay betting
Parlay betting for beginners

If you are a person who often participates in online betting games like football betting guides, you will surely hear the term Parlay bet. To be able to bet effectively, you must learn about it in detail. In the following article, W88 we will introduce to you about parlay bets and how to calculate parlay in betting.

What is Parlay betting?

Parlay bet is a type of betting combined from many different genres in one bet ticket including: Asian Handicap, European Handicap, Over Under, etc. The payout ratio will be calculated according to the number of bets that the player participates in betting.

This type of play has only appeared in the last few years on big bookies like W88 bet. This has helped players have more choices for themselves, and at the same time gives gamers interesting and attractive experiences. You will be able to bet comfortably as long as you have enough investment capital.

The advantage of this type of parlay bet is that it does not require players to spend too much capital and can still earn a huge amount of profit. But a small downside to it is that if one of the betting teams loses the bet, you lose the whole thing. This means that a player must win all bets in order to receive the bonus.

What are the rules of parlay betting on W88?

As mentioned above, when participating in parlay bets, you can place many different bets at the same time. The rules of the game are very simple, everyone has to bet from 2 or more types of bets. Then choose the corresponding Odds ratio for your selections.

The odds will be publicly displayed by the house so that players can check and compare.

Once you have selected the parlay bet, you just need to enter the amount you want to bet. At this time, the system will calculate in the most detail the percentage of the bonus that the player will receive if he wins.

Or you can enter the amount you want to receive if you win. The bookie will automatically calculate and display the odds for you.

How to calculate parlay betting on W88 Online

How to calculate parlay betting

Calculating parlays for Asian and Over/Under bets

For these types of bets, parlay bets are calculated according to the following formula:

Odd = Odds win x [(half win odds – 1)/2] x 1/2(if the bet loses half) x 1 (if the bet is tied) x … odds n.

Where “Odds win” is the profit you win exponentially.
For example, you bet on 3-pin parlay with a payout of 300 USD. In there:

  • Barcelona bet 2 ¾, odds are 2.05 with a total of 3 goals.
  • Man City club -¼, odds 2.00 have the final score draw.
  • Bayern Munich -½ , odds are 2.10. After the match ended, Bayern Munich won with a score of 3 – 0.

With the above bets, we see that Barcelona won half, Man City lost half and Bayern Munich won all. Thereby the specific parlay odds will be [1+ (2.05-1)/2 x ½ x 2.10] = 0.55125 -> your profit will be 165,375 USD.

How to calculate parlay for European handicap

For European handicap bets, it is much easier to calculate parlays. We just need to apply the following formula:

Odds of parlay = Odds 1 x Odds 2 x Odds 3 x … x Odds n

For example, you bet on 3-pin parlay with a bet of 300 USD. In there:

  • Real Madrid Club 1.80
  • Chelsea 1.50
  • Liverpool club 1.50

The odds of the parlay bet will be 1.80 x 1.50 x 1.66 = 4.482. If all 3 teams win, the amount you get will be 300 x 4,482 = 1344.6 USD.

Parlay betting experience for newbies

Know the rules when betting on parlays

The fact that everyone can clearly understand the terms will definitely help players feel more confident when entering the game. From there, you can focus on analysis and research betting tips to bring yourself victory.

Cultivate and learn more knowledge on Parlay betting

Learn how to place parlay bets and check odds to find opportunities. It is best that you go to the big betting forums to learn from those who have gone before.

Conclusion

Above are the most detailed ways to calculate parlay betting that W88 wants to share with you. Good luck to everyone and have more luck.