Parlay Betting Uncovered – Opportunities and Challenges for New Bettors
If you’re new to football betting, you’ve probably come across parlay betting, but understanding how it works can be tricky. Many beginners struggle to grasp how combined wagers impact their overall betting strategy.
To maximize your winnings and minimize risks, it’s essential to master the fundamentals of parlay betting. At Win Tips, we’ll break down everything you need to know—from basic concepts to expert strategies—so you can bet smarter and win bigger!
What is Parlay Betting?
Parlay betting, also known as Mix Parlay, is a combination bet that includes different types of odds, such as European Odds, Asian Handicap, Over/Under, and Half-Ball Handicap.
Winning percentages are calculated based on numerical values. At major reputable bookmakers, this type of betting has only emerged in recent years. It offers more choices and allows you to experience all the emotions of different bet types.
If you have a reserved budget, feel free to place bets. The biggest advantage of parlay betting is that it requires a small capital but offers high returns if you win. However, if you lose, you lose everything.
To clear the bonus, you must win every bet in your parlay. Experienced players aim to win but also seek higher-stakes strategies to earn more.
Parlay Betting Rules
As defined earlier, parlay bets involve placing multiple bets at once. You must place at least two selections with the odds applied according to each bet type. The which bookmaker is the best provides the available odds, which serve as a basis for easy comparison.
When selecting your stake, enter the bet amount into the system. The bookmaker automatically processes it and calculates the potential profit percentage you can earn.
How to Calculate Parlay Betting Odds
In football betting, there are two main ways to calculate parlay bets:
Asian Handicap & Over/Under Parlay Calculation
European Odds Parlay Calculation
Asian Handicap & Over/Under Parlay Calculation
The formula is:
Odds Value = Bet Odds × [(Handicap Odds Coefficient ½ – 1) / 2] × ½ (when this bet is paid) × 1 (if the bet is a draw) × total number of bets.
Here, the winning coefficient represents the multiplied winnings a player can earn.
If the odds are equal, the win amount is simply multiplied by 1.
If the bonus bet is ½, it is calculated using [(Red Odds – 1) / 2] + 1.
If the bet loses half, the full odds are divided by 2.
