Multiple Bets Explained
If you’re new to the world of online betting then you’re going to find this post particularly exciting. Multiple Bets are fast becoming one of the favourite gaming alternatives in the world. They include a host of options such as double, treble or accumulator bets. Let’s take a moment to quickly understand exactly what this betting option entails, followed by how best to understand it.
The power of a multiple bet is that it affords punters with the option of generating massive paydays with very little cash. It’s sort of what I like to call a ‘leveraged bet’ in that a little juice goes a really long way. It’s also known as accumulator betting or laying a parlay. In a couple of words, a multiple bet works by placing a single bet on a number of sports matches. As you can well expect – the outcome can provide a handsome payoff.
Multiple bets in greater detail
A bettor would typically place a bet on the 1st event. Note that this follows a specific order and if this bet is successful then the winnings and the principle are transferred to the next event. Each time the betting selection wins, the bet is carried over. This pretty much explains how you can leverage your small initial bet to make an absolute fortune. The flip-side is that if your result doesn’t come in, you’re going to dip out. There are essentially several different categories of multiple bets and these are them:
- Double Bets are bets on 2 selections. In order to win, both the results will have to come in.
- Treble Bets are bets on 3 selections. As in the above example, all three bets must come in for a win to be generated.
- Accumulator Bets are the big daddies of bets and there are 4 betting selections that must be recorded in order to win a massive payday. The definition of an accumulator bet is not however simply one restricted to 4 bets coming good. There are accumulator bets for 5, 6, 7 or more options.
Winning an accumulator bet is pretty tough, but it’s easy to see how a small bet can lead to bigger and bigger winnings. Indeed I have seen Multiple Bets paying out $600,000 or more and that’s no joke. In the UK alone a £1 punt can spin into a payday of £500,000. Let’s say you’re keen to win a whole lot of money – who isn’t – and you place a selection of smaller multiple bets on a selection of large accumulator bets. This is what is known as combination betting and if you win. It’s plenty different from a single bet where you may have odds of 3/1 if your soccer team wins a match. If Multiple Bets were on offer at McDonalds, they would be Whoppers!
