- Horse Racing
- Free Bets
- Bookmaker Reviews
- Betting School
- Online Casinos
- Online Bingo
- Glorious Goodwood
Using multiple bets is an important part of any betting strategy, as it allows punters to potentially generate massive payoffs using low stakes. Also known as ‘laying a parlay’ or accumulator betting, multiple bets work by using a single stake to bet on a number of different sports events.
The punters stake is placed on the first event (in chronological order), and if this bet wins, the returns are then bet on the next event. This process is repeated each time the selection wins until a selection loses or each of the chosen selections has been successful.
If any selection in a multiple bet loses, both the stake and winnings are forfeited.
There are four different categories of multiple bets:
Accumulator bets are sometimes described according to how many selections were made, for example, a fivefold is an accumulator bet on five selections, while a sevenfold is an accumulator bet on seven selections.
Using Multiple Bets
Multiple bets have the potential to generate some massive payouts, and are responsible for some of the biggest payouts in the history of sports betting in the United Kingdom, with stakes of as little as $1 generating payouts in excess of $500,000.
Punters often choose to place a selection of small-stakes multiple bets on the selections made for large accumulator bets. This practice is known as combination betting and increases the chances of generating a payout from accumulator betting.
A single is a bet on an individual selection. A set sum of money is staked on the outcome of a specific sports event. If the bet is successful it is paid out according to the odds offered at the time of placing the bet.
A punter places a $5 bet on Manchester United winning the Premier League at odds of 3/1. If the bet is successful it will generate a total return of $20.
All original material is Copyright © 2001-2014 Gambling Guru Networks. Other content, images and trademarks are owned by respective parties.
License Number: FDCBETCOMP11/12-119043. Copyright © and Database Right 2010 The Football Association Premier League Ltd / The Football League Ltd / The Scottish Premier League Ltd / The Scottish Football League / Football DataCo Limited / PA Sport (UK) Limited. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any way or by an means (including photocopying, recording or storing it in any medium by electronic means), without the premission of the copyright/database right owner. Application for written permission should be addressed c/o Football DataCo, 30 Gloucester Place, London, W1U 8PL.