What is a soccer parlay bet has become one of the most popular questions in the live betting market. Because sports always create great attraction for the community today and parlay bets are known as the biggest form of profit. But is parlay betting really easy for new players? All answers to this question will be in the article below by BETVISA !
What is a soccer parlay bet?
Football parlay betting or Mix Parlay is a form of betting that is loved by many players because of its attractive profitability. To better understand football parlay betting, we need to learn about the concept of Mix Parlay – a term used to refer to a form of betting that combines many different bets into the same bet, usually 3 or more bets. The special thing here is that these bets must be correct at the same time so that players can win and receive bonuses.
The special feature of this form is the flexibility and diversity in betting options. Players can freely choose the matches, tournaments and bets they want to place, thereby increasing their chances of winning and earning higher profits.
However, to be successful in football parlay betting is not easy. To have a high winning rate, players need to have solid knowledge of football as well as possess a lot of experience from previous experts or from their own experienced betting process.
Example of soccer parlay bet:
You place a parlay bet with 3 odds:
- Odds 1: Win team A with odds of 1.5
- Odds 2: Over 2.5 goals with odds 2.0
- Handicap 3: Under 11 corners with odds of 1.8
To win this parlay bet, you need all 3 team A to win, the match to have a total of over 2.5 goals and under 11 corners.
Typical situation for soccer parlay bet
In a day with 3 consecutive matches taking place, players place soccer parlay bets with 3 different types of bets from those matches. Details are as follows:
- Match 1: Manchester United vs Liverpool with European odds of Manchester United winning 2.0, Draw 3.2, Liverpool winning 3.8.
- Match 2: Chelsea vs Arsenal with Asian handicap and Chelsea giving Arsenal 1 goal respectively 1.9 (Chelsea) / 1.8 (Arsenal).
- Match 3: Manchester City vs Tottenham Hotspur with Over/Under odds and milestone coefficient of 3.0 respectively 1.8 (Over) / 1.9 (Under).
Players proceed to bet 100,000 ৳ on each option as follows:
- Match 1 bet Manchester United to win (odds 2.0).
- Match 2 bet Chelsea to win, handicap Arsenal 1 goal (odds 1.9).
- Match 3 bet Over 3.0 (odds 1.8).
To win the bet, the player must win all 3 bets. The calculation formula is as follows:
Parlay Bonus = (Odds 1 x Odds 2x… Odds n) x Total Bet.
Therefore, the bet payout = 2.0 x 1.9 x 1.8 x 300,000 = 2,052,000 ৳.
Profit earned = 2,052,000 – 300,000 = 1,752,000 ৳.
Tips for playing soccer parlay bets correctly
Football parlay betting is an attractive form of betting with high reward rates, but also comes with high risks. Therefore, to increase the chance of winning, players need to apply some good playing tips as follows:
- Choose predictable matches, avoid decisive matches or matches between similar teams, and prioritize matches in major tournaments because there is more information and data to analyze and predict accurately.
- Compare the odds of bookmakers. It is recommended to choose the bookmaker with the best odds for each type of bet as well as find out information about the team such as form, history of confrontation, lineup. Pay special attention to the psychological factor of the player that can affect the result of the match.
- European 1X2 odds are for matches with predictable results, Asian Handicap odds are suitable for matches with clear strong and weak teams. Over/Under odds are suitable for matches with high scoring potential.
- Bankroll Management: Manage your bankroll carefully and only bet a small portion of your budget on each parlay bet. Don’t bet too much, even if the odds are attractive, as this can lead to big losses if you are unlucky.
- Calculate the odds: Calculate the odds of a parlay bet before placing it to ensure that you have a higher chance of winning than risking. Focus on finding value, not just high odds.
We have shared in detail what soccer parlay betting is in the article above. It is easy to see that parlay betting attracts players because of the ability to win big and the appeal of having to make accurate predictions for many consecutive bets in many matches at the same time.
