Betting Guide » Parlay Betting

Multiple Betting

Multiple Betting (aka Multi-Bet, Parlay Bet, All-Up, Accumulator) has become a increasingly popular form of betting for punters wanting to find extra value. A multi-bet involves picking the winners of between two and twelve events/legs. The idea is for a punter to pick a variable of matches to bet on and the odds are multiplied. An example would be if you placed $100 on a multi-bet consisting of Carlton to win at $2.00, Essendon to win at $3.00 and Collingwood to win at $5.00. If all three teams in the example won, you would collect $3,000 which is calculated by multiplying your initial $100 stake by odds of $30 ($2.00 x $3.00 x $5.00). Please note: All legs of your multi must win for your bet to be successful.

Parlay Betting

Parlay (aka Multi-Box) betting is similar to multi-betting, but with a few differences. It's a simplified way of placing a multi-bet as there are a set number of combinations to bet on (as listed below). Each Parlay has a set number of legs but when you select a Parlay, you are choosing all possible combinations of multi-bets for that number of legs. In addition, some parlays also include single bets on each selection or leg. The main advantage of taking parlays compared to multi-bets is that if not all of your legs are successful, you can still win on the successful legs, when on multi-bets if one of your legs lose then your bet is a failure. The disadvantage of parlays is that they cost a lot more to put on as your paying for each individual leg.

Parlays Explained in Detail

Trixie - (3 legs - no single bets - $4)
4 bets on three legs. ($4 total for a $1 bet).
1 x 3-leg multi; 3 x 2-leg multi.

Patent - (3 legs with three single bets - $7)
7 bets on three legs. ($7 total for a $1 bet).
1 x 3-leg multi; 3 x 2-leg multi and 3 single bets.

Yankee - (4 legs - no single bets - $11)
11 bets on four legs. ($11 total for a $1 bet).
1 x 4-leg multi; 4 x 3-leg multi; 6 x 2-leg multi.

Lucky 15 - (4 legs – 4 single bets - $15)
15 bets on four legs ($15 total for a $1 bet).
1 x 4-leg multi; 4 x 3-leg multi; 6 x 2-leg multi and 4 single bets.

Super Yankee - (5 legs – no single bets - $26)
26 bets on five legs. ($26 for a $1 bet).
1 x 5-leg multi; 5 x 4-leg multi; 10 x 3-leg multi;
10 x 2-leg multi.

Lucky 31 - (5 legs – 5 single bets - $31)
31 individual bets on five legs. ($31 for a $1 bet).
1 x 5-leg multi; 5 x 4-leg multi; 10 x 3-leg multi; 10 x 2-leg multi and 5 single bets.

Heinz - (6 legs – no single bets - $57)
57 individual bets on six legs. ($57 for a $1 bet).
1 x 6-leg multi; 6 x 5-leg multi; 15 x 4-leg multi; 20 x 3-leg multi; 15 x 2-leg multi.

Lucky 63 - (6 legs – 6 single bets - $63)
63 individual bets on six legs. ($63 for a $1 bet).
1 x 6-leg multi; 6 x 5-leg multi; 15 x 4-leg multi; 20 x 3-leg multi; 15 x 2-leg multi and 6 single bets.

Super Heinz - (7 legs – no single bets -$120)
120 individual bets on seven legs. ($120 for $1 bet).
1 x 7-leg multi; 7 x 6-leg multi; 21 x 5-leg multi; 35 x 4-leg multi; 35 x 3-leg multi; 21 x 2-leg multi.

Goliath - (8 legs – no single bets - $247)
247 bets on eight legs. ($247 for $1 bet).
1 x 8-leg multi; 8 x 7-leg multi; 28 x 6-leg multi; 56 x 5-leg multi; 70 x 4-leg multi; 56 x 3-leg multi; 28 x 2-leg multi.

Visual Guide to Parlay Bets

  Max Legs 8 Legs 7 Legs 6 Legs 5 Legs 4 Legs 3 Legs 2 Legs Singles Total Bets
Trixie 3 - - - - - 1 3 - 4
Patent 3 - - - - - 1 3 3 7
Yankee 4 - - - - 1 4 6 - 11
Lucky 15 4 - - - - 1 4 6 4 15
Super Yankee 5 - - - 1 5 10 10 - 26
Lucky 31 5 - - - 1 5 10 10 5 31
Heinz 6 - - 1 6 15 20 15 - 57
Lucky 63 6 - - 1 6 15 20 15 6 63
Super Heinz 7 - 1 7 21 35 35 21 - 120
Goliath 8 1 8 28 56 70 56 28 - 247