There are so many different types of betting markets that it can be hard to keep track of them all. But if you’re looking to understand more about multi bets and how they work, then we’ve got you covered.
A multi bet is essentially one big bet where multiple selections or legs have been combined, forming a much higher set of odds. A multi bet is very exciting as the potential payout can be quite a bit, but they’re also much harder to win as multiple outcomes have to happen, rather than just one.
A multi bet is also sometimes more commonly known as a parlay or an accumulator. This type of bet allows you to combine multiple single bets into one bet, with each single constituting a leg of the multi bet. When it comes to betting on multis, the stake that you place is applied to the first leg, then if you’re successful, the winnings carry over onto the next leg and so on.
To win a multi bet, you’ll need to win every leg, and this isn’t always easy. The more legs you add to a multi bet, generally, the higher your odds will be because it’s harder than if there are fewer legs. However, once you’re in a multi bet, you aren’t stuck until it runs its course. You will usually have the option to ‘cash out’, which means that you can take your winnings at any point in exchange for a reduced return.
Types of Multi Bets You Can Place
Let’s take a look at a couple of different multi bets that you could place on different sports.
Types of multi bets
Details
Win multis
This refers to a type of bet where each leg that you win is multiplied by the subsequent selection successfully. In other words, every leg needs to win for you to win the bet. Once all of your legs have finished, you’ll then find out whether your bet has settled in a win or a loss. The number of legs that you can include in a bet will vary by online sportsbook, but the maximum is usually somewhere around 25 selections.
Each way multis
This is a multi bet where you place your stake on the Win and the Place – it’s used primarily in horse racing. So, if your horse wins, then you’ll get both the win and place dividends, but if it places second or third, then you’ll only get the place odds multiplied by your stake. This is essentially a way for you to hedge your bets.
How to Place Multi Bets at Online Sportsbooks
If you think that multi bets sound fun, then you’ll be wondering how you can get started with them. To place multi bets you’ll of course need to have an account with an online sportsbook that allows this type of betting. We’ve put together a list of our favourite
Australian betting sites
that offer these multi bets.
You can browse through our page banners and check out a few sites before deciding which one you’d like to sign up to. To sign up simply:
Click on the page banner for the betting site that you’d like to sign up to.
Open up the registration form and enter your username, password, email address, birth date and so on.
Read the T&Cs and then tick to say that you accept them.
Click on the enclosed link that your chosen site emails you to verify your account.
To get started placing multi bets at online AU sportsbooks, use the quick links to head to your chosen sport and start adding your chosen events to your betslip. Usually when bettors place multis, they stick to one sport as it’s much easier to keep track of.
Pros and Cons Multi Bets
Pros and Cons
Combine multiple bets into one single bet
Increase potential payout and odds
Can be used across multiple sports
Higher odds means increased difficulty
Our Sportsbooks of Choice
Final Thoughts on How to Place Multi Bets
Multi bets can be a really exciting way to bet on your favourite sports, especially if you’re looking to grow your initial stake. When you combine multiple selections into one bet, you can increase your odds and potential returns; however, it’s also much harder to win. This is because every leg of your multi bet has to win; otherwise your bet will settle as a loss.
Multi bets are typically reserved for more experienced bettors, given the increased difficulty and higher risk associated with them. So if you’d like to get started with placing multi bets, you can sign up to your chosen online sportsbook through our page banners.
Multi Bets FAQs
A multi bet is essentially a single bet that has multiple bets combined into one. You can make multiple selections for the different legs, but every leg of your multi bet has to win for your bet to settle in a win. You may have the option to cash out your multi bet early for a reduced return, but this will vary between different betting sites.
When you add multiple selections into a single bet to form a multi bet, the odds of each leg are multiplied together to create higher overall odds. This increases your potential winnings, but it also makes it much harder to win as all selections have to win.
Once you’ve placed your multi, all of the legs have to win for the bet to win overall. If one of your legs loses, then the whole multi bet will lose. Some sportsbooks may offer protection against this or refunds or the opportunity to cash out early, so be sure to check this before placing your multi bet.
