How to Place a Parlay Bet
Kiwi sports betting enthusiasts can place their first parlay bet in a heartbeat. Even if you are new to online wagering, we are sure you will have no problems combining bets into parlay wagers. Our Betpack guide will make placing accumulator bets even more straightforward.
Find the Perfect Parlay Betting Site
To maximize the potential payout of each parlay bet, you must join a top-quality betting site that offers competitive odds and enticing bonuses. We advise you to start by checking out the top-rated online bookmakers listed at Betpack, as they have been approved by industry experts.
Sign Up and Deposit
As soon as you pick a top-notch sports betting site, register with it. Opening an account is easy, and you will be finished within minutes. Then fund your account with some of the deposit methods available and see if you might be able to trigger a welcome bonus as well.
Choose Your Parlay Picks
You are now ready to start combining selections and place your first parlay bet. To do this, click on the odds of each betting market you want to add to your combo bet. When you select one event after another, they will automatically be added to your parlay wager.
Decide Your Bet Stake Size
You should have selected all parlay legs by now. That means you only need to decide the size of the bet stake you will enter before submitting your combo bet. As a rule of thumb, the higher the parlay odds, the smaller your bet stake should be.
Strategies and Tips for Parlay Bets
There are many ways in which you can boost your chances of winning your parlay bets. These range from obvious methods like doing your betting homework and analyzing your multiple bets to complex sports betting strategies where you need to follow preordained bet stake patterns and wagering schemes. Let's look at several parlay bet tips to see how you can make your combo bets better.
As you know, setting a gambling bankroll and choosing payment methods with suitable limits is very important when betting online. If you spend more than you can afford to lose, you might soon find yourself in trouble. Something similar applies to parlay bets. When you compile parlay tickets, you benefit from higher odds. That means even with moderate bet stakes, you can get some pretty good winnings. So, don't get greedy, as that may backfire.
Instead of staking large sums of money on parlay bets, consider your potential parlay payout before deciding on the bet stake size. If your parlay odds are lower, that combo bet is more likely to win but will produce lower winnings. So, back it with more money. In contrast, if your parlay odds are huge, there's no need to risk a lot of money. Even a small stake will result in a very good payout.
With round-robin parlays, you essentially place multiple parlays in one parlay ticket. In doing so, you increase your chances of winning, as even if one selection doesn't win, you can have a winning wager. For instance, if you place a three-team parlay backing Real Madrid, Juventus and Porto to win their UEFA Champions League matches, these are the round-robin bets:
- Real Madrid + Juventus + Porto
- Real Madrid + Juventus
- Real Madrid + Porto
- Juventus + Porto
As you can see, instead of one parlay bet in the round-robin bet above, there are four parlay wagers. So, if Juventus doesn't win, for instance, you will still have one winning double, the one containing Real Madrid and Porto. And even though your winnings won't be huge, you will at least ensure that you get something out of a parlay which you would have otherwise lost.
The best online bookmakers give you a wide range of betting offers that you can use to wager with the bookmaker's funds. Accumulator boost bonuses are among the most popular of these promos. When you use an accumulator or Acca boost, the bookmaker increases your original odds and winnings as you include more selections.
For example, the betting site might boost your parlay winnings by 10% when you include 8 picks in your parlay bet or by 20% when you include 12 selections. So it is easy to see how parlay boosts can be beneficial.
Frequently Asked Questions
Is a Parlay Bet the Same as a Multi?
Yes, it is. Parlay bets are also known as multi bets or multis, while some refer to them as accumulator or combo bets. Regardless of the name, parlay bets, multis, combo wagers and accumulators all mean the same thing - a bet that has two or more events in it.
Can I Place Same-Game Parlays in New Zealand?
Yes, you can. The best online bookmakers in New Zealand have bet builder options that allow you to bet on various outcomes from the same match and combine them into parlay bets. For instance, you can bet on the match between Chelsea and Arsenal and create a parlay bet predicting Chelsea will win, both teams will score, there will be more than three goals, and Arsenal will receive a red card.
What is the Difference Between a Single Bet and a Parlay Bet?
When you place a single bet, you are predicting only one outcome i.e. you are betting on only one event. In contrast, when you place parlay wagers, you bet on multiple selections, and they all have to win for you to have a winning bet.
Can I Parlay Prop Bets at New Zealand Betting Sites?
Yes, but you need to join online sportsbooks that offer game, team, and player prop bets. The moment you do that, you will be able to combine multiple prop bets into one parlay wager.