Parlay: A betting strategy that pays off for the player
In order to be able to implement one’s own sports betting strategies, it is necessary to acquire and master the fundamentals in terms of sports betting. One of the most fundamental notions to know is that of odds. It is the bookmakers who establish specific odds for each match or encounter.
- These odds are defined as the amount that the bookmaker pays to the bettors who have bet on the right team or player.
- These odds are the odds that the winner of a bet for one euro bet receives.
- These odds are variable and evolve according to different criteria such as the quality of the teams, the number of people betting or the physical condition of the players.
To fully understand the betting system, more commonly known as the multiple betting system, it is important to understand how the odds work. The odds cannot be changed once the bettor has placed his bet. The higher the odds, the lower the probability that the outcome of the match will be the same. In other words, high odds give the bettor who has won his bet hope for a very large win.
The main characteristics of parlay (or combined betting)
Parlay is a direct result of a form of sports betting strategy and is one of the main forms of odds. The existence of different forms of betting makes it possible to attract different types of bettors. Simple betting, as the name suggests, is defined as betting on a simple result. This result can take the form of a victory, a defeat or a draw (in the case of sports such as football, for example).
Another form of betting is what is known as parlay or multiple betting. In this case, several single bets are made at the same time. The direct effect of this type of strategy is to move the odds upwards and thus increase the chances of winning at the end of the event.
If the odds of success are lower than in the case of several single bets made separately (the prospect of all bets being made simultaneously is lower than in the case of single bets alone), in the case of good results, the odds thus changed upwards suggest much higher payouts. Most online sports betting sites offer this type of combined betting. In the majority of them, the limit is set for a single bet in a combined bet of up to twelve matches.
Ultimately, the parlay or multiple betting system is a form of strategy that is defined as combining and combining different single bets with the aim of multiplying the odds tenfold by multiplying them together in order to achieve the highest possible odds.
This strategy will prove, in the event of a win, to be far more profitable and interesting than making a number of independent single bets. Ultimate accuracy, for the parlay to be a winner, it is mandatory that all the predictions made by the player are accurate.