• Betting Agencies 30.10.2010

    bet365 is currently offering winner bonuses on pre-game NFL, NCAAF, NBA, NCAAB and MLB wagers. This is available on the following markets: Spread/Run Line, Game Totals, First-Half Point Spread, Second-Half Point Spread, First-Half Totals and Second-Half Totals.

    Place a pre-game parlay of 2 or more selections combining teams in any of these competitions and if successful you will receive the following bonuses to your winnings:

    Bonus Bet Type
    Doubles 5% bonus
    Trebles 7.5% bonus
    4-folds 10% bonus
    5-folds 15% bonus
    6-folds 20% bonus
    7-folds 25% bonus
    8-folds 30% bonus
    9-folds 35% bonus
    10-folds 40% bonus
    11-folds 45% bonus
    12-folds and upwards 50% bonus

     

    About Parlay / Multi Betting / Accumulators

     

    For those of you who aren’t familiar with parlay betting, “a parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. If any of the bets in the parlay loses, the entire parlay loses. If any of the plays in the parlay ties, or “pushes”, the parlay reverts to a lower number of teams with the odds reducing accordingly” (Wikipedia).

    As an example, for following English Premier League fixtures with the odds:

    Everton vs Stoke City: Everton (1.55), Draw (3.70), Stoke City (6.50)
    Arsenal vs West Ham: Arsenal (1.16), Draw (7.00), West Ham (16.00)
    Blackburn vs Chelsea: Blackburn (8.00), Draw (4.10), Chelsea (1.44)

    Suppose you believe Everton and Stoke City will draw, while Arsenal and Chelsea will both win. If you bet $10 on each outcome, and all three wagers won, you would win: $27.00 + $1.60 + $4.40 = $33 in profit

    If, however you placed a $30 multibet using the three events instead, you would have odds of 3.70×1.16×1.44 = 6.18048.

    If all three predictions came true, you would win $30x(6.18048 – 1) = $155.41 in profit. This is substantially more than had you made three individual bets of $10, but this type of bet is substantially more risky, because if you got, say, the Everton vs Stoke City result wrong, you would lose $30, while you would have only lost $4 had you made individual bets.

    One key aspect of mult betting is that, 99.99% of the time, you cannot create multibets using betting selections from the same sporting event. For example, you can’t combine a multibet on Chelsea to win and Drogba to score. You can only combine bets that are completely independent.

    Another feature of multi betting is the bookmaker’s margin increases as you add more events to your multibet. For this reason, bookmakers are very keen to offer them to you, despite the huge windfalls you can potentially gain if you win. Many bookmakers are quick to publish stories of winners to encourage others. For example “bet365 customer Cory K, from Canada, recently … placed a $100 12-fold on American Football, which won him $199,306. Thanks to our 50% Parlay Bonus, he received a massive $99,603 on top of his original winnings!”

    If you have a go at parlay betting yourself, I recommend taking a conservative approach. If you create a multibet with a staggering potential profit, with odds of 200+, I recommend betting $1 on that bet, rather than $10, $100, etc. It’s very easy to get carried away with potential winnings, whilst forgetting the probabilities. Many parlay betters have stories of “if only this one event had gone my way, I would have won huge…”

    One way in which I have successfully employed multi betting is to find a low odds outcome (1.01, 1.05, etc) that I feel very confident in, and combine it with other bets to create a series of paired events (doubles). This provides an odds boost to my other bets. Obviously, if your low odds bet loses, then you will lose every bet that was paired with it.

    Posted by admin @ 12:16 pm

  • Leave a Comment

    Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Follow AuSportsBetting on Twitter

Archives: