By combining bets on one bet slip you can potentially win big amounts. However, any professional bettor will advise you to only place a few bets. The combination bet is also called Parlay or accumulator.
Definition of a Parlay
A Parlay is a combination of two or more bets. It is also referred to as an accumulator. Usually, we are talking about combos of 3 or more matches because a combo of two matches is also called a “double”.
The number of matches you can combine differs with each bookmaker. Most accept 10 matches on a bet slip and others even go up to 15 matches.
The limits are set so that the bookmaker cannot lose a huge amount at once.
Why so Popular?
The reason that a Parlay is popular is that you can win a lot with a small bet. Winning big with little risk attracts players. Still, the chance that you win with a Parlay is small. This is because you really have to predict all matches correctly.
What Is the Difference With Single Bets?
Suppose you place a single bet of €5 on Barcelona, Ajax, Bayern and Manchester City. Each with odds of 1.5. So you bet a total of €20 and if they all win, you have earned 4 x 2.50 = €10.
If you stake €20 on these 4 teams in a Parlay, you get €20 x 1.5 x 1.5 x 1.5 x 1.5 = €101.25. You can see that this is a huge difference, but you can also make a wrong match prediction and win nothing.
Of course, it happens that players win large amounts with a Parlay. Still, the bookies offer them because they are very difficult to win.
So if someone tells you that he has won a lot again, you can also ask how many Parlays he has already lost. Usually, people don’t like to talk about that.