If you are someone who regularly bets on football at trader bookmaker  you are probably familiar with the concept of parlay bets. However, for newcomers, not everyone may know about it. In this article, Ghienonline.com will share detailed information about parlay bets in football and the most accurate way to calculate them.

WHAT ARE PARLAY BETS IN FOOTBALL?

A parlay bet is a combination of different types of wagers (3 or more) in football, including Asian Handicap, Over/Under, 1×2 (Home/Draw/Away), or other extended bets. Parlays involve placing multiple bets at once, and the payout is calculated by multiplying the odds of each individual bet. If any of the bets within the parlay lose, the entire bet is considered a loss.

Some bookmakers may use different terms for parlays, such as Accumulator, Multiple Bet, Mix Parlay, or Combination Bet.

The biggest advantage of parlays is that they allow you to bet a small amount of money but have the potential to win a large sum. However, a major drawback is the high risk involved because if one bet within the parlay loses, the entire bet is lost.

If this is all new to you and it sounds a bit confusing, don't worry. I promise to provide detailed explanations, so you can read this article with confidence, and by the end, you will understand parlay bets in football and the most accurate way to calculate your winnings.

HOW TO CALCULATE WINNINGS FROM A WINNING PARLAY BET?

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CALCULATION METHOD FOR ALL INDIVIDUAL BETS WINNING

This calculation method is straightforward. You just need to multiply the individual odds of each bet within the parlay to determine the overall parlay odds. Here's the 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 the following example:

In the image above, we have a parlay bet consisting of 3 matches with the following bets: Chelsea (-0.25 Asian Handicap), Manchester United (-0.75 Asian Handicap), and Liverpool (-2.25 Asian Handicap).

If all three bets win, the parlay bet will be successful, and you will receive a payout of 8.98 times the amount wagered.

If you bet 100k VND, you would 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

Based on the formula, we have the following odds: 2.16 x 2.09 x 1.99 = 8.9837. Therefore, if you bet 100,000 VND, your winnings would be 898,370 VND. Sounds incredibly enticing, doesn't it?

But wait, that's just calculating the winnings when all individual bets win. What about the scenario where some bets win and some bets lose? Let's continue reading to find out.

HOW TO CALCULATE PARLAY BETS WHEN THERE ARE HALF-WINS, HALF-LOSSES, OR DRAWS?

This calculation method becomes slightly more complicated when we encounter situations involving draws, half-wins, or half-losses. However, don't worry because this article will help you solve this problem.

Draws, half-wins, and half-losses typically occur in Over/Under or Asian Handicap bets.

The calculation formula for parlay winnings remains the same, but there are a few differences:

If there is a draw: The odds of that bet will be replaced with 1.

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

Half-loss: The odds of that bet will be replaced with ½.

Based on these adjustments, the general formula is as follows:

Parlay odds = Odds of winning bet X [1 + (odds of half-win - 1) / 2] x ½ (if half-loss) x 1 (if draw)...

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

Manchester United, -2 ¾ Asian Handicap. Odds are 2.05, and the final score is 3.

Arsenal, -¼ Asian Handicap. Odds are 2.00, and the final score is a draw.

Chelsea, -1/4 Asian Handicap. Odds are 2.10, and the final score is 3-0.

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We can see that this parlay bet has Manchester United winning half, Arsenal losing half, and Chelsea winning all. The calculation is as follows: {1 + (2.05 - 1) / 2 x ½ x 2.10} = 160.125 USD. (With a 1000 USD bet, you will receive 160.125 USD).

Here's another specific example to help you understand the calculations better. I know some of you may still not fully grasp how parlays work when there are half-wins (½) or half-losses (½). Now let's consider the following parlay bet:

With the results above, the specific parlay odds calculation would be: [1 + (1.90 - 1) / 2] x 1/2 x 1.95 = 1.4137

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

However, if one match within the parlay loses, you can consider the entire parlay as lost, and there's no need for further calculations. It can get a bit complicated if that happens. But by now, I believe you understand.

CONCLUSION

Above is all the knowledge related to parlay bets in football, especially how to calculate parlay bets accurately. Ghienonline.com has shared this information to help you have a better understanding and play confidently with bookmakers.

Hitting a successful parlay bet is exciting and extremely rewarding. So, I wish you lots of winnings with your parlays!