Multiple betting, is it worth it? Read about the merits and demerits of multiple betting against single betting.
Multiple bets, also known as Accumulators offers players the opportunity to win large sums from small stakes. However, as presumed, they come with risks. Nonetheless, they remain one of the most popular bets placed, because of the reward they bring. According to expert gamblers, this is not the way to go.
This article will discuss multiple betting, the advantages and disadvantages of wagering on multiple outcomes. When it comes time to you choosing a bookmaker, you should know that Lionsbet is one of the most popular bookmakers in Nigeria.
How Multiple Betting Works
Unlike single bets, where the player bets on one outcome in an event, multiple bets or accumulators allows players to combine multiple selections for a higher payout.
This is relatively new in the betting scene as bookmakers that existed pre-internet days did not allow multiple bets with more than five selections.
Now, the accumulator bet allows players to put more than one bet on the bet slip. This consequently means the risk is higher than the single bet.
The multiple bets of the accumulator can be likened to the Law of Diminishing returns in Economics.
Types of Multiple Bets
Accumulator: While placing an accumulator bet, three or more selections can be made. The bet is named after the number of selections made. For example, you can have 4 fold, 5 fold, 6 fold, 7 fold etc.
Treble: A treble allows you to place up to three bets in a slip.
Double: A double bet consists of two bets max.
Trixie: The Trixie bet includes 3 selections on four bets. It also includes 3 double and a treble. It only pays when two or more if one or more bracket selections are successful.
Yankee: A Yankee bet is different from most multiple bets; at least of the selections made must be correct before you can earn a reward. The Yankee bet consists of 4 trebles, 4 fold accumulators and 6 doubles.
Lucky 15: The lucky 15 is similar to a Yankee bet but with a little twist. It is prevalent in horse race betting.
A full cover bet: This is not the same as humble accumulator or Acca in which you forfeit your stake if only one pick fails to join. The full cover is all about winning part of the selections on the slip, the slip pays out if you win a part of the selection but the number determines the amount.
The Pros of multiple betting
The major returns that can be made from a relatively small stake are the key advantage of multiples over single ones. Increase the number of selections or their respective odds and, if combined in multiple bets, much bigger wins are possible.
As stated above, the odds include the margin of the bookmaker. For example, three true even money events combined in a treble and priced at 2.1 have a 12.5 percent chance of happening with a $93 payout for a $10 stake. Therefore, given these value wagers can be collected frequently, the use of multiples can dramatically boost returns.
The Cons of Multiple Betting
Nevertheless, it is important to remember that one single defeat leads to a multiple loss. True even money chances cannot be guaranteed to arrive and combine with metronomic regularity due to natural variation, even though 12.5 per cent of such wagers will be successful in the long run.
The advice is straightforward for those bettors who are enticed by the prospect of bigger gains for a small stake while betting in multiples.
Use a bookmaker that operates to small margins and make sure you keep up-to-date with the latest news and information since the late injury or adverse weather can lead to significant odds movements.