New punters from Tanzania can experience the most incredible betting features at 1xBet, including Parlay bets. Parlay is an impressive sports betting feature that allows you to create one bet out of several smaller bets. As a result, you get higher payouts. However, there are also risks involved. On the following page, we’ll discover the main betting terms at 1xBet, cover parlay betting strategies, discuss the advantages of using parlays, provide tips and tricks, and discuss the drawbacks of this feature.
Every betting journey starts with a quick analysis of terms, types of bets, and markets. And all players are obliged to know the difference between them. That is why our editorial team has prepared an article that covers the most common terms in betting. For further terminology, please refer to our glossary section, where you can find descriptions of all betting types.
What Is Parlay: How It Works
The goal of any betting activity is to select an event, determine the outcome, and hope that the outcome will occur. Each event has its own odds. And your winnings depend on the odds coefficient. Parlay is an extension of regular betting. It adds the ability to select two or more bets and combine them into one larger bet consisting of several different outcomes. The individual bets are linked together to form a chain. The chain cannot be broken (one bet loses), otherwise the entire parlay loses. Parlays are also called accumulators because each added outcome increases the total odds and multipliers.
Parlay Terms in Sports Betting
1xBet sportsbooks, fortunately, allow all players to bet on parlays. This type of betting is highly sought after by millions of punters due to its increased payouts. Basically, you can add two or more events and multiply your payouts. However, be aware that all events in the accumulator must win to win the parlay. The risk is that even one losing event will cause the others to be canceled. In addition, parlay (accumulator) bets come with boost bonuses and cut bonuses. The former gives an additional bonus to your accumulator bonus. The second allows you to lose on an event and still be in the game. In other words, your accumulator will not be canceled.
Parlay Pros and Cons
If you still have concerns about whether parlay bets are for you or not, we have prepared a list of advantages, disadvantages, and comparisons with single bets. Sometimes accumulators are not worth it. Check their advantages first.
Parlay Advantages Over Single Bets
First of all, parlays offer higher odds. In the modern sportsbook, odds are your multipliers and approximate chances of winning. So if you want to increase your winnings without changing your stakes, parlays are for you. With a small stake, you can multiply your winnings many times over.
Parlay Advantages in Long-Term Profit
Second, since it is possible to add selections from different sports, you can use the Bet Builder technique to reduce the gross gaming revenue and the percentage that goes to the sportsbook, thereby increasing your potential winnings.
How to Minimize Losses Betting on Accumulators
In order to minimize losses, players must overcome the obstacles associated with accumulators. The following are some of the most important points to consider and remember when building accumulators within multiple selections.
| Always consider parlay bets to be risky. | Unlike single bets, where only one outcome prevents you from winning or losing, parlays require you to predict the outcome of all events. In addition, parlays are usually associated with live betting, where you have little time to analyze the situation on the field properly. |
| Gain knowledge. | It is much easier to bet on individual events. In single events, you have enough time to do your due diligence by analyzing previous games, stats, and other game details. With parlays, you need more experience to do the same prep work for multiple games. |
How to Create Parlay at 1xBet
Modern sportsbooks like 1xBet offer excellent sportsbooks with numerous daily events in dozens of sports. Therefore, your betting needs will be met, especially when it comes to parlays. That is because all sports and events support parlay (accumulator) betting and reward players with additional boost bonuses.
How to Create Parlay Bet: Step-by-Step
Your betting journey begins when you add the first leg to the betslip. But when it comes to parlays, you need to add two or more legs to the betslip. Let’s examine the main steps you should take to initiate the accumulator bet.
- Log into your Account or Sign Up. Visit the official 1xBet website and click on the blue Login button in the upper right corner. If you have an account, enter your login details and access your profile. If you are not yet a member of 1xBet, click on the Register button and fill in the required details.
- Open the Sportsbook. Browse through the available sports, and events in pre-match or live format. In the Sportsbook, you will see different matches, their betting markets, and odds.
- Add Selections to BetSlip. Once you have decided on your preferred matches, click on the odds boxes with the desired betting market and add the selections to your bets. Click on the different odds boxes for the same event or different events to add other legs to your bets. In principle, you can add as many selections as you like, but remember that with each additional selection, your chances of winning decrease significantly.
- Determine Bet Settings. After adding all legs, you will be required to specify the stake. Make sure that the stake applies to all selections simultaneously. But, the payouts accumulate along with the number of added legs.
Parlay Strategies to Maximize Profits
The beauty of Parlyas is that you can turn a few cents into a big win. That is because the multiplier accumulates with each added selection, creating 10+ odds. However, creating a chain of numerous links is not the best strategy. Our recommendation is to stick to a maximum of two or three selections. Otherwise, your chances of winning will decrease significantly. However, there are some tips you can use to improve your chances.
| Take advantage of boost bonuses. | 1xBet offers an accumulator boost bonus that increases your final payout. For example, if you add three selections, you can get 5% on your winnings. As you add more selections, the bonus increases. |
| Cut Bonus. | Activating the Cut Bonus gives you the ability (permission) to lose on a result (break a chain) and still stay in the game. |
| Bet Insurance. | This bonus has a very similar mechanic, allowing you to ensure some of your selections and receive payouts even if they lose. This is a great scheme if you are not sure about the outcome of the game. |
Tips and Tricks to Win on Parlays From Experts
We have already mentioned some tips on how to minimize your losses and increase your winning percentage. However, here we will focus on basic tips that will help you clearly understand the choices you make on your betting slip and teach you how to control and operate your Bankroll.
How to Determine the Appropriate Event for a Parlay
Accumulator bets carry additional risk. That is why it is important to pay even more attention to the selection you add to your betting slip. There are a number of criteria that you need to consider when selecting the game. First of all, make sure that you only add games from famous tournaments in different countries. This way, you will avoid games with fake results. There will be no situation where the last selection on your best list loses under some hidden circumstances, and you lose the entire accumulator bet. Second, do not pick outcomes with high odds. Your accumulator bet will combine all your selections and give you higher odds.
Tips for Managing Your Bankroll With Parlays at 1xBet
The second tip is even more important if your goal is to make a profit. This technique of closely controlling your budget can be used in any type of business. As an accumulator, knowing how to control your bankroll is even more important.
- First, use your budget wisely by dividing it into several parts. Make each part for each period of your betting.
- The second piece of advice is to never try to win back. If your accumulator is lost, then try another one at another time. Control all your emotions and take a break to look for future games.
Conclusion
Parlay betting is risky. However, it brings many advantages, such as higher payouts and odds and more profit. If you want to get a more thrilling experience with big payouts and big risks, accumulating (parlay) could be a great opportunity for you. But be careful and spend some time analyzing the odds, the markets, and the game itself.
F.A.Q.
This is a part of the Bet Builder options that calculates odds, payouts, and your probability of winning based on the selections you have made.
Players become excited by the potential for high payouts. Betting on accumulators is more enjoyable than betting on single events.
A Parlay is an accumulator bet that consists of two or more linked bets. Several bets are connected to each other, creating one big bet.
After you add selections to the betslip, the in-build calculator will show your potential winnings.
Compared to single bets, parlays require you to select multiple bets and combine them into a single wager. Each selection is dependent on the others, creating a chain that cannot be broken. The risk is that losing one event will cause you to lose the entire parlay.
