Parlay betting in football is a form of sports betting that offers players relatively high odds for potential winnings. However, winning in parlay betting is not a simple task. Therefore, if you want to earn a substantial amount of money when participating in football parlay betting, you need to understand the related knowledge, as described below.
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What is parlay betting in football?
What is parlay betting in football? It is a form of sports betting also known as Mix Parlay. When you participate in this type of wager, you place bets on multiple matches with a single betting ticket, sharing the same odds.
In this form of betting, when all the selections on your ticket are successful, you win the bet. On the other hand, if just one of your selections loses, the entire ticket is considered a loss. This highlights the relatively high level of risk involved in parlay betting in football.
However, if you're fortunate enough to win in any of the parlay bets you've placed, you will receive a substantial payout. This is something that every sports bettor dreams of. So, how are the winnings calculated in football parlay betting?
How to calculate winnings in parlay betting in football
Once you've grasped the concept of parlay betting in football, you need to understand the formula for calculating your winnings to avoid losing money to the bookmakers. Specifically:
Formula for calculating parlay bets with European odds
This formula is used for European odds, where the outcome can either be a win or a loss. So, what is the formula for calculating parlay bets with European odds?
Winnings = Odds of selection 1 x Odds of selection 2 x Odds of selection 3 x ... X Odds of selection N.
Formula for calculating parlay bets with European odds, including ties
This formula is applied to parlay bets that may have outcomes of full wins, half-wins, half-losses, or ties. You typically encounter these odds when dealing with Asian Handicap and Over/Under bets. In this case, the formula is as follows:
Final parlay odds = Win odds x [1 + (half-win odds - 1) / 2] x 1/2 (half-lose odds) x 1 (for ties) ...
For ties, the odds are calculated as 1.
For half-wins, the odds are calculated using the formula: [1 + (odds - 1) / 2].
For half-losses, the odds are replaced with a value of 1/2.
In general, the more selections you include in your parlay bet, the more challenging it becomes to win. However, when you do win a parlay bet, the payout can be quite substantial.
How to Place Parlay Bets in Online Football Betting
After learning what parlay betting in football is, if you want to participate in parlay betting in football, follow these steps:
Step 1: Join an online bookmaker -> Create an account -> Log in -> Deposit funds into your account, which is a necessary procedure before betting on football.
Step 2: Access the 'Sports' section -> Select 'Football' -> Once you're on the football interface at the bookmaker, you will see the displayed matches -> Click on the 'parlay bets' section on the left side of the interface.
Step 3: With the corresponding parlay ticket, choose the individual bets you want to include in your parlay. You can select how many single bets you want to include and then confirm your bet.
Step 4: Finally, after confirming all your bets, click on 'Confirm.' This way, you have completed a parlay bet when participating in football betting at the bookmaker.
Now, you just need to wait for the results of the matches you bet on. This way, you will know the outcome of your parlay betting selections.
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Tips for Effective Parlay Betting in Football
Winning in parlay betting in football is the desire of many. So, what are the effective tips for parlay betting in football?
Prioritize Asian Handicap Bets
Asian Handicap bets are the types of bets offered by bookmakers with various odds. According to experts, playing parlay bets in football effectively, you should choose Asian Handicap bets for higher winning odds.
Additionally, Asian Handicap bets also have options for half-wins or half-losses, making it simpler to determine the outcome of parlay bets in football.
Bet on a Single Match
Instead of placing parlay bets on multiple matches, experts advise that you should pick one match and bet on various bet types within that single match. This increases your chances of winning in parlay betting in football since you have more information to analyze for that particular game.
Analyze Parlay Betting Picks
Before placing your bets on a match, you should research and analyze information about the two football teams. Based on their strengths and weaknesses, you can then make more accurate parlay betting selections.
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By reading this article on what parlay betting in football is, we hope you now understand how this betting format works. Furthermore, you should now be equipped with tips to help you win when placing parlay bets on any football match.
