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Parlay Betting Explained

by Sports betting explained
Updated: 12/05/2020 07:25

Parlay Betting

A parlay bet is a single bet that combines two or more individual wagers and requires all those wagers winning, to get a return. Parlays will pay out more than placing the bets separately, but, if one selection loses, the entire bet loses. Most punters will know the parlay bet from its other names such as an accumulator bet, multi bet or even a combination bet. Parlay or acca betting is very popular in the UK, and the potential payoffs can be huge.

The returns of a parlay bet are calculated by multiplying the stake by the odds, then multiplying the total return by the second set of odds, then the third, the fourth, and so on depending on how many selections you pick. You can pick 20+ selections on some betting sites, but the chances decrease with every selection.

If you are planning on placing parlay bets regularly, we recommend using bookies with parlay/acca insurances and acca boosts. For example, bet365 offers acca boosts of up to 70% and a 2 goal up offer in which your selection wins if your team is winning by 2 goals at any point in the match. Or, place parlay bets with insurance on bets with 4 or more selections.

Bookies with Parlay Insurance

Several bookmakers in the UK offer a parlay/acca insurance if your bet loses by one leg. These cover bets of four or more legs and often refund the stake as a free bet or cash if the parlay loses by one selection. The acca insurances can change depending on events or the time of the year, be sure to check the promotions page for the latest information.

4+ Parlay Insurance

5+ Parlay Insurance

Steven is the product manager on BettingLounge and enjoys enhancing sporting events through betting for long-term, sustainable profit.

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