Online sports betting is a lucrative industry where sports fans and bettors enjoy the thrill of each matches while aiming for potential profit. This involves betting on various sports including soccer or football. Since football is one of the most well-known sports sin the world, Malaysia and Singapore sport bet is thriving with many betting types and markets to choose from. Amongst the different betting types and markets, there is one that enables bettors to place multiple bets which can potentially give huge profits. To learn more about it, here are information about parlay betting and types of bets to parlay.
Parlay Betting
Parlay is a type of sports bet wherein bettors can combine multiple individual bets into one. Combining multiple bets may give bettors worse odds to win but will surely provide large rewards for winning. For basic rule of thumb, the bigger the wager in the parlay, the bigger the payout. In online soccer betting in Singapore and most countries, it can be known as mix parlays or soccer parlay bets.
In sports parlay, every bet must win for the parlay to be successful. For an instance, a bettor took advantage of parlay to bet on all favourites for the Sunday match. These favourite teams include Liverpool, Manchester, Arsenal, and Real Madrid. If all four of them win in their respective matches against other teams, the bettor will have a larger payout compared to when betting individually. On the other hand, if any of them lost then the entire parlay is also lost.
Bettors may also combine bets for a wide variety of football betting markets such as Asian handicap, over/under, other prop bets and many more.
How to Bet on Mix Parlay
Although there is no parlay or mix parlay section in Singapore pools, Multi bets are possible. For bettors to stake on multiples, make multiple selections of Singapore pools soccer odds and enter the stakes under multiples.
For most sportsbooks online, bettors simply need to select the sport. After that, a menu of betting markets on the right will appear. Simply click mix parlay or parlay to access. Here is an example.
From there, bettors can choose different football betting markets to parlay.
Parlay Pay Out Computation and Qualification of Qualified Parlay Bets
Some sportsbooks like United Gaming might offer a minimum of two selections and maximum ten selections in a parlay bet. If a game or a match in a mix parlay bet end up draw, postponed or cancelled for any reason, the selected bet will be calculated as “1” and the remaining bets and selections will still be valid. To put things on perspective, here are some samples.
Example of a WIN parlay
Example 1: All selection turned out to be a complete win
| Selection | HDP | Odds | Result | Outcome |
| Chelsea | -1.25 | 1.9 | Win 2-0 | Winning selection |
| Villareal | -1 | 1.83 | Win 3-0 | Winning selection |
| Sevilla | -0.75 | 2.0 | Win 2-0 | Winning selection |
Bettor’s stake $100
Calculation of three selections:
1.9 x 1.83 x 2.0 = 6.95
$100 x 6.95 = $695, not including the Stake = Total Winning of $595.
If any part of the parlay bet is a push or voided, the parlay bet will still be valid, and the remaining winning selections will still be acknowledged. Here is a sample.
Example 2: A selection turned out to be a draw or push
| Selection | HDP | Odds | Result | Outcome |
| Chelsea | -1.25 | 1.9 | Win 3-0 | Winning selection |
| Villareal | -1 | 1.83 | Win 1-0 | Push |
| Sevilla | -0.75 | 2.0 | Win 2-0 | Winning selection |
Bettor’s stake $100
Calculation of three selections:
1.9 x 1 x 2.0 = 3.8
$100 x 3.8 = $388, less stake of $100 = Total Winning of $288
Example 3: A selection turned out to be a half win
| Selection | HDP | Odds | Result | Outcome |
| Chelsea | -1.25 | 1.9 | Win 3-0 | Winning selection |
| Villareal | -1 | 1.83 | Win 3-0 | Winning selection |
| Sevilla | -0.75 | 2.0 | Win 1-0 | Half win |
Bettor’s stake $100
Calculation of three selections:
1.9 x 1.83 x (1.0/2 +1) = 2.73
$100 x 2.73 = $273, less stake of $100 = Total Winning of $173
Example 4: A selection turned out to be a half lose
| Selection | HDP | Odds | Result | Outcome |
| Chelsea | -1.25 | 1.9 | Win 1-0 | Half lose |
| Villareal | -1 | 1.83 | Win 2-0 | Winning selection |
| Sevilla | -0.75 | 2.0 | Win 3-0 | Winning selection |
Bettor’s stake $100
Calculation of three selections:
0.5 x 1.83 x 2.0 = 1.83
$100 x 1.83 = $183, less stake of $100 = Total Winning $83
Types of Bets to Parlay
As mentioned before, multiple betting with different markets is possible for parlays. Here are some of the football betting markets present in Mix parlay.
Over/Under bet
Over/Under betting market is where bettors must predict if the combined total score of teams after a match will be over or under the prediction of the sportsbook. Prediction of which team is the winner and who loses is completely irrelevant in this betting market. To put things in perspective, let us use real odds from Singapore pools.
In this example, the sportsbook predicts that the total goals will either be over 2.5 goals or under. If a bettor is to stake $100 to over and wins, the total return will be $215. If a bettor is to stake the same amount for under and wins, the total return will be $160.
Three-Way Moneyline or 1×2
In this betting market, bettors have three options to bet on. 1 or home win, 2 or away win, and x for tie or draw. This betting market is split in two. One is Halftime 1×2, the other is fulltime 1×2. As their names suggests, halftime 1×2 odds are only focused in the first half, while the full time 1×2 includes odds for the whole match. To better understand, here is an example.
In this example, the away team with 3.70 is the clear underdog. While the Home team with 2.75 odds will be the favourite. The odds for draw is at 2.05. If a bettor is to stake $100 to the underdog and wins, the total returns will be $370. If a bettor is to stake the same amount for the home team and wins, the total returns will be $275. If a bettor stakes the same amount for draw and the match ends with a tie, the total returns will be $205.
Asian Handicap
Handicaps or better known as Asian handicap in football betting, is a famous 2-way betting market. As the name suggests, in this betting market, the bookmakers apply handicaps or a disadvantage to the favourite teams and the underdog teams a slight advantage. This handicap will increase the thrill for makes it difficult for bettors to pick a team to bet on.
Bettors will only win the bet for the favourite if the favourite wins the match with a certain number of goals that the bookmaker has predicted. If a bettor staked for the underdog, the underdog should either win or lose by a certain goal margin. To better understand, here is an example.
In this example, Singapore Pools gave a handicap to Kashima and gave a point advantage to Omiya. If a bettor is to bet for Kashima, the team must win at least two goals for the bet to win. However, if Kashima only win by one goal, the result will be a draw and the stake will be refunded. If a bettor is to bet for Omiya, they need to win the match or make it a draw. If they lose the match by one goal, the stake will be refunded.
Pros of Parlay betting
- More thrilling and exciting than normal bets
- Can be used to take advantage of free bets and bonuses
- Higher risks mean higher returns
- Bigger profits than single bets
Cons of parlay betting
- Has high risk of failure
- Lose on bet, lose the whole parlay
Conclusion
Parlay betting is a thrilling betting type that many bettors enjoy. Parlay or mix parlay is a type of sports bet wherein bettors can combine multiple individual bets into one. Combining multiple bets may give bettors worse odds to win but will surely provide large rewards for winning. Of course, given that the qualifications are met. This betting type is most suitable for bettors with great intentions of acquiring large profits and to the bettors with sharp knowledge of football betting. Also make sure to do parlays only with the trusted and safest online betting website like 88ProAsia.
Visit 88proAsia: the best site for football betting in Malaysia and Singapore. Get sign in bonuses and many more for new members.
Read more: Beginner’s Guide: How to Get Started in Football Betting
