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Parlay bets are extremely popular among sports fans in the OkBet app because they provide more tension and excitement than other bets. If you have never used a parlay before, you might be confused about how they operate. You’ve come to the right place. This guide has answered all of the most common questions concerning parlay bets to help you get started.
What is Parlay Betting?
“Parlay” refers to a single bet on two or more bets combined for a bigger reward. All of the Parlay bets must succeed to win. The risk and payout of the parlay increase as the number of bets increases. The entire parlay bet loses if even one bet in it is unsuccessful.
How do Parlay Bets Work?
Parlays combine several bets, and because every bet must succeed for the Parlay to win, the risk is substantially higher than with a single-game wager. The parlay odds, however, take that extra risk into account.
If all three picks succeed, the return on the Parlay is calculated as shown below. The breakdown is as follows:
| 1st Bet | If you bet ₱100 on Manchester United, your profits would be 1.80 x 100 = 180 total payout. |
| 2nd Bet | If you bet ₱100 on Chelsea, your profits would be 1.50 x 180 = 270 total payout. |
| 3rd Bet | If you bet ₱100 on Chelsea, your profits would be 1.66 x 270 = 448.20 total payout. |
The risk is greater even though the reward is bigger. Parlays are so familiar with bookmakers because of this. If you don’t get it perfect, you lose. The more wagers you place on a single ticket, the higher the likelihood you fail, but the higher the potential payout.
Kinds of Parlay Bets
The organization offers a selection of parlay betting. Components displaying every combination of each parlay wager may be seen below. Following is a description of each parlay bet type in further detail:
1. Double
A double is a wager that combines two picks from various events into a single bet. To ensure a return, you must choose both selections correctly.
2. Treble
A Treble consists of a single wager that includes three picks across various events. For a return to be guaranteed, all must be successful.
3. Accumulator
A single bet includes four different selections. All picks must be successful in ensuring a winning selection. In an Accumulator, four choices are known as Four-Fold, 4-Fold; Five choices are known as Five-Fold or 5-Fold, and up to 10-Fold.
4. Trixie
A Trixie is a parlay wager that combines four individual bets on three different picks. There are 3 Doubles and 1 Treble in total. To guarantee a return, at least one must make two successful selections.
5. Yankee
A Yankee is a parlay wager that combines 11 special bets on four different picks. There are 6 Doubles, 4 Trebles, and 1 Four-Fold in all.
6. Super Yankee (or Canadian)
A Super Yankee is a parlay wager that combines 26 special bets on five different picks. There are 10 Doubles, 10 Trebles, 5 Four-Folds, and 1 Five-Fold.
7. Heinz
A Heinz is a parlay wager that combines 57 separate bets on six different picks. 15 Doubles, 20 Trebles, 15 Four-Folds, 6 Five-Folds, and 1 Six-Fold make up the composition.
8. Super Heinz
A Super Heinz is a parlay wager combining 120 special bets on seven choices. 21 Doubles, 35 Trebles, 35 Four-Folds, 21 Five-Folds, 7 Six-Folds, and 1 Seven-Fold make up the composition.
9. Goliath
A Goliath is a parlay wager that combines 247 special bets on eight different picks. 28 Doubles, 56 Trebles, 70 Four-Folds, 56 Five-Folds, 28 Six-Folds, 8 Seven-Folds, and 1 Eight-Fold are divide into it.
10. Block (9)
A Block (9) is a parlay bet that combines 502 individual bets on nine different selections. 36 Doubles, 84 Trebles, 126 Four-Folds, 126 Five-Folds, 84 Six-Folds, 36 Seven-Folds, 9 Eight-Folds, and 1 Nine-Fold make up this collection.
11. Block (10)
A Block (10) is a parlay bet that combines 1013 particular wagers on ten different options. It is divide into 210 Four-Folds, 252 Five-Folds, 210 Six-Folds, 120 Seven-Folds, 45 Eight-Folds, 10 Nine-Folds, and 1 Ten-Fold.
How to Make a Parlay Bet?
Parlay bets can place in several different ways. Any sportsbook, physical or online, will accept this kind of gamble and compute the odds for you. A similar idea has emerged on mobile betting platforms like OkBet. The example of placing a parlay wager on their online betting platform is below.
- Join or register with a reputable sportsbook, like OkBet.com.
- Choose a game for your favorite team on their website from the available matches.
- Select two or more games to compete in one play.
- On the Bet Slip’s right side, click “Parlay.” Many bookies will place the Parlay directly beneath or above single bets, so you won’t need to take this further.
- You should be able to select a parlay bet and see the odds on your bet slip.
- Put in the wager amount you want to make.
- To ensure payback, one must make at least two winning picks.
- Confirm the wager and await the completion of all results!
Conclusion
A parlay wager can place in a variety of ways. Any sportsbook, whether physical or online, will allow you to put this kind of wager and determine your odds. Parlay wagers generate more revenue for sportsbooks than single bets do. It might take you dozens and hundreds of losses before you finally win large on a parlay, albeit you might occasionally do so. Therefore, before placing a parlay wager online, thoroughly consider your options to develop a winning strategy using the OkBet sports betting app.
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