There are a widevariety of bet types that sports betting fans can choose from when wagering on their favourite sporting events. You can place bets as a Single bet, or you can combine a number of selections and have what is known as a Multiple bet. In the following guide, we are going to tell you all that you need to know about Multiple bets. So,read on, and enhance your sports betting knowledge.
What Is a Multiple Bet?
Multiple betting, quite unsurprisingly, is a type of betting that combines more than one bet into one wager. When you make a Handicap, Money Line, Over/Under, or any other kind of bet with just one selection, it is called a Single. Onthe other hand, when you combine two or more selections into the one bet, it is called a Multiple.
There are actually numerous different names for a Multiple bet. To some it is known as a parlay, while to others theymight call it an accumulator or an acca. Regardless of what it is called, the concept for this kind of wager is thesame. When you make a Single bet, your selection, whatever it is, has to win, and when you make a Multiple bet, everyselection that you add must win in order for you win the wager.
So, why is it that Multiple bets are so popular, despite the fact that they are not that easy to get right? Well, themain reason why people love to place a Parlay or Accumulator is the fact that it gives you a chance to win some hugeprofits without having to risk a lot of your hard-earned money. This is because a Multiple bet multiplies the odds ofall of your selections together to give you your final odds for the wager.
Let us now provide you with an example so that things will become even clearer for you. Let us say that there is somePremier League football on and the fixtures for one Sunday after are:
|Everton vs Aston Villa||Aston Vila||1.95|
|Manchester United vs Liverpool||Liverpool||1.60|
|Burnley vs Watford||Burnley||1.80|
If we were making a Single bet on each one of the above fixtures, then we would simply use the following equation:
Stake x Odds = Return
However, when it comes to a Multiple bet, we need to multiply all of the selections together, so we use this equationinstead:
Stake x (Odds x Odds x Odds) = Return
Therefore, for the above example, if we stuck $10 on it, our return would be $10 x 1.95 x 1.60 x 1.80 = $56.16.
The Different Kinds of Multiple Bets
While the whole concept of a Multiple bet should be pretty straightforward for you to understand, there are a fewnuances regarding this particular kind of wager. We have already mentioned that a wager that has just one selectionis called a Single and any wager with two or more selections is a Multiple, but as you increase the number of selections,a Multiple bet can be split into more than just one wager.
Two selections in one wager is called a double, three selections in one wager is known as a treble, and then it goesto a four-fold, five-fold, and so on. However, below we have mentioned some other types of bets that can fall underthe term of a Multiple bet. Instead of having all of the selections combined in a solitary bet, the following bettypes cover a variety of bet combinations.
Patent: Seven wagers covering different predictions across three selections – three singles, three doubles, and a treble.
Yankie: 11 wagers that cover different predictions across four selections – four singles, six doubles, four trebles, and afour-fold.
Lucky 15: 15 bets for different predictions covering four selections – four singles, six doubles, four trebles and a four-fold.
Lucky 31: 31 bets for different predictions covering five selections – five single, ten, doubles, five four-folds, anda five-fold.
Canadian: 26 wagers for different predictions across five selections – ten doubles, ten trebles, five four-folds, and a five-fold.
Heinz: 57 bets for different predictions across six selections – 15 doubles, 20 trebles, 15 four-folds, six five-folds,and a six-fold.
Super Heinz: 120 wagers for different predictions across seven selections – 21 doubles, 35 trebles, 35 four-folds, 21five-folds, 7 six-folds, and an eight-fold.
Advantages and Disadvantages of Multiple Betting
So, as we mentioned earlier, the main attraction of a Multiple bet is that there is the potential for a big profit froma small wager. This also highlights the major disadvantage of a Multiple bet, which is that the more selections thatyou add, the smaller your chances of winning will be since every selection has to win for you to win the money that ison offer.
In all honesty, this type of betting is popular among those sports bettors who bet every now and then on sports andreally do not understand the true implications of placing such a bet. Yes, it is nice to be in with the chance to win thousands of dollars from a bet with a stake of one or two dollars, but the chances of that happening are prettyslim – there will usually be at least one or two selections that let you down. Those bettors who take their sportsbetting more seriously will tend to stay away from Multiple betting because they know that there is plenty of luckneeded in order to be successful.
Despite this being a good reason to not place Multiple bets if your main aim is to make a profit, there is a casethat can be made as to why Multiple bets might be appealing to sharp gamblers as well. The main concept of a Multiplebet is that it is multiplicative and when you have an edge as the bettor, this can be multiplicative as well. In other words, what we are saying is that a Multiple bet could allow you to magnify your edge.
We are now going to give you an example to show how much you would expect to win when you have an edge using two Single wagers and a Multiple wager with the two same selections combined. Let us say that the bookie that you have anaccount with has Crystal Palace and Manchester United at odds of 2.10 on the Premier League Handicap market. This suggests that they have a 47% chance of covering this handicap, but you feel that they have at least a 50% chance ofdoing so.
If you placed two Single bets of $100 on both Palace and United to win, and both went on to do so, then you would landa profit of $220. However, if you were to combine both of the teams in a Multiple bet with a stake of $200 because you are confident that they will both win, then your total profit overall would stand at $682. So, simply by combining thetwo Single bets into a Multiple bet when you know that you had the edge, you would have landed yourself an additional $462.
Always Gamble Responsibly
Now that you should have a really good understanding as to what a Multiple bet is as well as its advantages and disadvantages, we would like to end this guide by kindly reminding you that is important that you always gamble responsibly.
One bit of advice that we would like to give you is that you should always set yourself a budget with an amount that you can afford to potentially lose whenever you sit down for a gambling session. Sports betting is unpredictable, so there is always a chance that you will go on an annoying losing streak. Once you have lost the money that you have budgeted, you should immediately stop placing bets and go and occupy your mind with something else.
Never try to tell yourself that it is perfectly fine to spend more than your allotted budget in order to try and recuperate the losses that you have made. This might sound useful to begin with, but more often than not, you will end up losing money that you really cannot afford to lose.