What is a Parlay Bet? Parlay Betting Strategy & How it Works
There are lots of different ways to bet at Superace88 app and parlay betting is something that’s available on most events. Parlay betting is a fun way to combine multiple bets into one, increasing the odds and your potential payout.
Read on to learn about parlay betting at Superace88 app with some tips, tricks and strategy ideas.
What is a Parlay Bet & How Does it Work?
A parlay bet, also known as a multibet or accumulator, is essentially a combination of multiple bets. Rather than making separate moneyline bets you can combine them. This increases the odds and your potential winnings.
If you placed two separate bets, you could win one and lose the other, win both or lose both. However, if you place a parlay bet, all the outcomes you bet on need to occur for your bet to be successful. The risk is higher, but so is the reward, and the more selections you add to your parlay, the higher the odds will get.
Each bet within the parlay is known as a selection or leg. So a parlay with 3 selections is known as a 3-leg parlay. There are also same game parlays, which let you bet on multiple outcomes within a single game.
How to Place a Parlay Bet on Superace88 app
Placing a parlay bet at Superace88 app is really straightforward. All you have to do is follow these steps:
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Search for the upcoming competition, sport or team you want to bet on.
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Choose a bet to add it to your bet slip.
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Before entering your Superace88 app and confirming the bet, you can add another selection and choose the multibet option in the bet slip
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Add as many selections as you like, then enter your Superace88 app, check the odds and confirm to place the bet.
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If you want to place a same game multibet, you can select the event, choose the same game multi market tab and then your selections.
Live Parlay Betting
Parlays can be placed on live sports. There’s a wide range of pre-match and live betting markets to choose from on a variety of sports at Superace88 app. Simply open the live sports section to see matches that are currently taking place and view the live odds. You can combine multiple selections here, although the odds in your bet slip can change quickly.
Examples of Parlay Bets
There are lots of different types of parlays. Here are some examples:
Two-team parlay
The easiest way to place a parlay bet is to back two teams to win in a game week. Here’s what an NFL two-gameparlay could look like:
Cincinnati Bengals vs Cleveland Browns
New York Giants vs Green Bay Packers
Remember, both the Bengals and the Packers would have to win their respective games for you to win your parlay bet.
Three-team parlay
Let’s turn to the NBA for an example of a three-bet parlay, assuming that you want to add an additional team to your parlay for a potentially larger payout:
Los Angeles Lakers vs Golden State Warriors
Miami Heat vs New York Knicks
Denver Nuggets vs Phoenix Suns
Four-team parlay
Finally, let’s take a look at the NHL for an example of how a four-team parlay bet could look at Superace88 app:
Toronto Maple Leafs vs Florida Panthers
Seattle Kraken vs Dallas Stars
Edmonton Oilers vs Vegas Golden Knights
Carolina Hurricanes vs New Jersey Devils
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Maple Leafs, Kraken, Golden Knights, and Devils @ +1,450
The same format is true for five-team parlays and beyond. Remember, the more teams you include in a parlay, the longer the odds become. These are all examples of moneyline parlays.
Same-game parlays
A same-game parlay bet is a wager on multiple outcomes occurring in the same game. For instance, in soccer , you could place the following same game parlay:
Liverpool vs Chelsea
The above three selections are all associated with the same game, and all must occur for you to win your bet.
How Does a Parlay Bet Payout?
Parlay bets payout if every outcome on your selection occurs. So if you place a parlay on Bournemouth, Aston Villa, and Liverpool to all win, each team has to win for your parlay to be successful. If any team in your bet loses, your bet is unsuccessful, and you lose your Superace88 app.
Because there’s a greater risk, the odds for parlay bets can be much higher, which is why they’re such a popular option. However, you need to know how the odds work and how to calculate your payouts before you start making parlays.
How to Calculate Parlay Payouts & Understand Odds
The odds for parlays work in the same way as any other type of bet. Higher odds mean higher potential winnings, but also indicate that the probability is lower. The more selections you add, the higher the odds will be, as there’s a lower chance of each leg hitting. To make things easier for you to calculate payouts of your parlays, you can switch between decimal format, fractional format and American odds.
Advantages & Risks of Parlay Bets
Advantages
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Increase your odds – Parlay bets can have extremely high odds compared to individual wagers, leading to a larger payout from a small Superace88 app.
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More control – You can build your own bets with the same game multibet, giving you more freedom and control.
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Lock in profit – If you’re already up with several legs of your parlay, you can lock in profit with cashout or by betting on the other outcome.
Risks
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Lower probability – Adding more legs to your parlay lowers the probability of success compared to a single wager.
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Complex strategy required – To be consistently successful with parlay bets, there are more factors you need to consider, which requires a more complex betting strategy.
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One leg can spoil it – A successful parlay can be brought down by just one leg.
Parlay Betting Strategies, Tips & Tricks to Win
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Do your research – It pays to consider the available data and statistics when making your picks. Pay attention to recent form and head-to-head results as well as the underlying performance of each team or athlete.
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Don’t add legs for the sake of it – Sure, another leg to your parlay can increase the odds, but it will also reduce your chance of success.
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Hedge your bets – When possible, you should look to hedge your bets to ensure you profit no matter what the outcome. If several selections in your parlay have already hit, you can bet against the other legs or cash out if available.
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It’s a good idea to mix up your betting slip with parlays alongside wagers like handicap bets , Asian totals , over/under bets , prop bets and outright bets .
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Our sports betting guide is a helpful resource for more tips and tricks, whether you’re planning a parlay bet on soccer , American football, Esports , basketball , or any other sport.
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Always check for the latest promotions at Superace88 app to boost your bankroll before placing a parlay bet.
How to Deposit & Withdraw Funds to Bet on Sports
Deposit
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Open your account and check your wallet.
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Choose deposit, then select a local currency option and supported payment method.
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Alternatively, you can deposit using one of the many cryptocurrencies accepted at Superace88 app including BTC, ETH, USDT, EOS, Doge, LTC, TRX, and SOL
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You can find the fulllist of available cryptocurrencies, as well as our recommendations and guide for choosing the right coin for you. When you’re ready, you can use fast, easy and reliable crypto exchange platforms such as Moonpay and Swapped.com to buy your chosen crypto.
Withdraw
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Log into your account and open the wallet.
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Select the asset you want to withdraw, then paste your personal wallet address.
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Complete the steps and wait for the transaction to be confirmed.
Check our help centre and how to guides for more details on making payments and using our sportsbook. You can also get in touch with the customer support team if you need assistance.
Sports Betting Rules, Regulations & Security
When you sign up to Superace88 app, it’s important to read through the terms of use and understand the sports betting rules. Specific rules may apply to certain sports and how outcomes are recorded, affecting your parlay bets. Superace88 app is a fully licensed and regulated online sportsbook, which means that your safety and security are a priority.
Sports Promotions, Superace88 app & Responsible Gambling
Joining Superace88 app Sportsbook gives you access to a fantastic range of betting options and betting promotions. Make the most of our promos to get more out of your betting experience, and join the VIP Club to earn rewards by placing bets and levelling up your account. You can enjoy regular rakeback and reload bonuses, and even unlock your own VIP host. Read the VIP FAQ page for more details on how it all works. Be sure to follow our Superace88 app Smart guidelines to bet responsibly.
