Shapes and Winning Prospects of Multi-Leg Sports Betting
As you start to find your feet in the field of sports betting, you quickly grow to realize that there is a lot of complexity to the idea of being a viable, even successful, gambler. In a vacuum, we can say that this is a matter of luck, which is the core element of gambling in the first place.
However, there’s a real possibility that you get to the point where you feel that you are ready to make the big steps toward more intricate types of bets. There are numerous markets that you’ll find in the field of digital sports betting, and most of them are about the exact criteria that you bet on.
Coupled with various betting styles, you end up with a series of spectacular opportunities to construct some very interesting wagering combinations. Many of them are already mainstream, showcasing a propensity for high-upside content that will surely give you the benefit of knowing how to strategize your stakes.
In this article, we will explore some of the main types of bets that have a significant bearing and status on the world of oddsmaking. Since they are mainstream options that require an advanced level of understanding of sports betting, newbie bettors may find them a bit hostile. However, we are here to alleviate this self-inflicted pressure and translate it into understandable concepts that you can pick up and bet on!
Why these types of bets are worth the hype
We can say that the biggest advantage of multi-leg bets is their upside.
Some of them are particularly interesting because they provide a multiplication element to how the odds stack up, bringing a particularly high payout potential when there is an uninterrupted stack of wins. Others are all about risk management and covering for potential losses, ensuring an upside that comes from loss mitigation.
If we’re being honest, it’s also about the bragging rights of facing the difficulty of finding the right combination of betting criteria. It requires a lot of research, harmonizing and reconciling various elements that may not work perfectly together, and doing your best to minimize the impact of luck. After all, sports betting is about educated guesses.
Moreover, they require a level of positioning on the overall betting market. You need to find the right sportsbook to make the combos that you want. Even using the BetOnValue model of odds value identification can drive a better margin. As a result, it’s all about recognizing what’s what on the betting market and building your bets accordingly.
Parlays and Accumulators—All Hit or You Get Nothing
The most amusing part about this section will be the fact that they literally mean the same thing. It’s a matter of denomination. The parlay is something that you’ll encounter in the American world of sports betting, working with moneylines and spreads. The accumulator is more of a UK term that has spread in other parts of the world when it comes to explaining and describing this concept. It’s yet another episode in the comparative relationship between US and UK English.
The parlay/accumulator is a multi-stage type of bet that accounts for multiple events in a single betting slip. You can have multiple games on a parlay/acca (the alternative name), usually 4 or more. All these games have their own odds, and you must choose who you bet on.
All these bets on various games are the legs of a parlay/acca. For the entire bet to be a successful one, it’s mandatory that all of your picks are the winners. If there is one single bet that fails within the parlay, the entire accumulation will fail, and there will be no payout.
However, the cool part is that the odds at which you bet will multiply each other. If you have 5 games on your parlay, you will have 5 sets of odds. These odds will multiply each other, and the total multiplier will apply to your stake if you win. As a result, a $10 bet can yield huge amounts if you enjoy favorable odds and all of them hit.
Round Robin—Something’s Got To Give
The round robin is the type of multi-leg bet that works to minimize the risk and loss by covering the possibility of each outcome with smaller parlays. As a result, it requires a bit of an even distribution of your staked funds, which means that the profit may not see the same heights as a regulator accumulator.
However, the insurance that it provides is a level of security that has the potential to keep your budget safe down the line. It requires research in finding the right opportunities since there must always be the chance that at least one of these small accas hits.
The working principle of round robin betting is that there can be, for example, 3 particular sets of odds that you want to bet on. The round robin takes all the betting scenarios and adds at least two of them to a single parlay.
As a result, you have a parlay on team A and B winning, one on team B and C winning, and one on team A and C winning. If one hits, you will likely cover for the rest of them, perhaps make a small profit. If two hit, you have a significant profit that covers the parlay that didn’t hit. If you have more complex parlays that allow for all the chosen parlays’ winnings, you will receive a major profit.
The idea is to pair these accumulators with reasonable stakes that allow for both security and upside. It’s a bit more complex than others, but it has the advantage of mitigating risks.
Bet Builders and Single Game Parlays—Intricacy For a Single Game
A bet builder works in the same way as someone would define the SGP (single game parlay): it adds multiple betting markets within a single accumulator that is centered around one event.
If you are betting on a game, you can start working on aspects like the winner. Afterward, you can add the idea of the result. If you want to go a bit more safely, you can take the over or under when it comes to the total points/goals scored within a game. You can even predict how many players score for both teams.
Going to an even more intricate level means starting to add proposition bets for individual performances. Depending on the sport, you can add all kinds of prop bets regarding the stats of players, including aspects that have a positive or negative effect on the respective team’s performance.
