If you are a regular football bettor, you are probably familiar with the concept of parlay betting, but for newcomers, not everyone may know. In this article, olbg.com will share in detail about parlay bets in football and the most accurate way to calculate parlay bets in betting.

WHAT IS A PARLAY BET IN FOOTBALL?

Parlay betting involves placing a combination of different types of bets (from 3 bets and above), including Asian Handicap, Over/Under, European Handicap (1×2), or other extended odds. Parlay betting is a method of placing multiple bets at once, and the payout odds are multiplied based on the number of bets placed. If any of the bets in the parlay loses, the entire bet is lost.

Some betting sites may refer to parlays by other names such as Accumulator, Multiple Bet, Mix Parlay, or composite bets.

The biggest advantage of parlays is that they require low initial wagers but can yield extremely high payouts, even massive ones.

However, a major drawback is the high risk involved; losing a single bet in a parlay results in the entire bet being lost.

If this sounds a bit confusing at first, don't worry. I promise to explain it in detail so you can rest assured that by the end of this article, you'll have a solid understanding of parlay betting in football and the most accurate way to calculate winnings. Please try to read it all the way through.

>> See more: football odds analysis - Predicting Odds

HOW TO CALCULATE WINNING AMOUNTS FOR PARLAY BETS IN FOOTBALL?

HOW TO CALCULATE PARLAYS IF ALL SINGLE BETS WIN

This calculation is very simple. You just need to multiply the individual odds of each single bet in the parlay to get the overall parlay odds. Easy, right?

Formula:

Parlay odds = Odds of bet 1 x Odds of bet 2 x Odds of bet 3 x … x Odds of bet n

Let's take an example:

In the image above, we are placing a parlay bet on 3 matches with the following bets: Chelsea -0.25 goals, Manchester United -0.75 goals, Liverpool -2.25 goals.

If all 3 bets win, the parlay bet wins and you'll receive a payout of 8.98 times your initial stake.

If you bet 100k VND: you'll win 898k VND.

Applying the formula: Parlay odds = Odds of bet 1 x Odds of bet 2 x Odds of bet 3 x … x Odds of bet n

Using the formula above, we have the following odds: 2.162.091.99= 8.9837, so if you bet 100,000 VND, your winnings will be 898,370 VND. Sounds incredibly appealing, doesn't it?

But wait, there's more! The above calculation is just for when all bets win. What if some bets win and some lose? Let's continue exploring with best winning prediction app download.

HOW TO CALCULATE PARLAYS WHEN THERE ARE TIES/WINS HALF/LOSES HALF

This calculation is slightly more complex compared to the previous one when there are situations of a draw, half-win, or half-loss. However, you don't need to worry because this article will address the issue for you.

Draw, half-win, and half-loss odds often appear in Over/Under or Asian Handicap bets.

The payout formula for parlay bets remains the same, but there are some differences:

If there's a draw: the odds of that bet will be replaced by 1.

Half-win bet: it will be replaced by [1 + (odds of that bet – 1) / 2].

Half-loss bet: the odds of that bet will be replaced by ½.

From there, we have the general formula as follows:

Parlay odds = Odds of win bet X [1 + (odds of half-win bet – 1) / 2] X ½ (if it's a half-loss bet) X 1 (if it's a draw)…

For example: In a football match, you bet on a parlay with a total amount of 1000 USD. The bets are as follows:

Manchester United bet -2 ¾. The odds are 2.05 and the final score is 3.

Arsenal Club bet -¼. The odds are 2.00 and the final score is a draw.

Chelsea Club bet -1/4. The odds are 2.10 and the final score is 3-0.

We see that in this bet, Manchester United wins half, Arsenal loses half, and Chelsea wins completely. Therefore, we can calculate it as follows: 1+(2.05 – 1)/2 x ½ x 2.10 = 160.125 USD. (Betting 1000$ will yield 160.125$).

Here's another specific example for better understanding. I know many of you might still not fully grasp parlay bets with half-win (½) and half-loss (½) tickets. Now let's consider another parlay bet with 3 bets as follows:

With the results above, the specific parlay odds will be: [1 + (1.90 – 1) / 2] X 1/2 X 1.95 = 1.4137

So, if you bet 100k, you'll win 141,370 VND.

However, if one match in the parlay loses, the entire parlay is considered lost, and you don't need to calculate anything further. Hope you understand now!

CONCLUSION

Here is all the knowledge related to parlay betting, especially how to calculate parlay bets in football, shared by hot football tips 1x2 to help you have a better understanding to play solo against the bookmakers.

Winning a parlay is very satisfying and incredibly rewarding, so I wish you to win many parlays.