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Betting.net / Looking for a betting guides? Look no further as this are the best betting guides for you! / What Does a Multiple Bet Mean? Multiple Betting Explained 2024

What Does a Multiple Bet Mean? Multiple Betting Explained 2024

Publish Date: June 8, 2021
Fact checked by: Jesse M Cox

Want to know when to make a multiple bet and how to better it’s chances of winning? Read on.

At Betting.net we understand the value of having fun while also getting the most value from the bets you place. Being able to place well thought out multiple bets across your favourite sporting events is a fantastic way to achieve this.

With our keen insights into the world of online betting and tips on how to bet smart, you will be able to place your first successful multiple bet and include them in your betting toolkit from here on out.

5 Important multiple bet facts – Need to know info

  • They combine two or more wagers into a single linked bet
  • You need to win each individual wager to win the overall bet
  • Be sure to keep overall odds as low as possible
  • Only combine wagers on events and teams you can back with certainty
  • Payouts are exponentially greater on this type of bet

What are multiple bets? – A top choice 

It is easy to get confused by all the new terms and calculations when stepping into the world of sports betting. To keep it as simple as possible, our betting guide will inform you and provide a platform for having a multiple bet explained. In a nutshell, a multiple bet does exactly what it says, it combines two or more individual bets onto one betting slip.

You can think of a multiple bet as having several legs that all need to be successfully completed in order for the entire bet to be a success. Correctly predicting the outcome of several individual bets, be they props, over/unders or line bets, will reward you with a fantastic payout. By the same token, missing even one of those legs will cause the entire ticket to be lost.

Different types of multiple bets – Explained

Depending on which side of the world you live in, a multiple bet will be known by various other names. These will include “accumulator” or even “acca” when speaking to your European friends and “Parlay” when speaking to your American compatriots.

Here are the seven most commonly referenced multiple bet types:

  • Double – Placing two bets on a single slip
  • Treble – Placing three bets on a single slip
  • Trixie – A slip containing three sets of four bet selections
  • Patent – A slip containing seven bets across three bet selections
  • Yankee – A slip containing eleven bets across four bet selections
  • Lucky 15 – 15 bets across four sets of bets of which 4 must be singles
  • Goliath – As its name indicates, this is a massive multiple containing 247 bets

For now, we recommend sticking to combining two or three bets into a multiple bet. This will give you the advantages of a larger than average payout while limiting your risk and improving your chances of claiming a win.

How multiple bets pay out – Understanding the numbers

One of the primary advantages of placing a multiple bet is that by combining several markets on a single betting slip, the potential payout is superior to what you would win had you bet on each of them individually.

Not only is the overall profit greater but your overall risk versus reward is much improved thanks to you only staking a single amount rather than placing multiple individual bets.

The math is as follows, to bet on three teams individually your bets would be:

  • Team A: 1.65 x $100 = $165
  • Team B: 1.25 x $100 = $125
  • Team C: 1.75 x $100 = $175

This would see you win a maximum of $465 from a stake of $300, leaving you a profit of $165. The payout versus stake ratio is poor in this instance, despite you having won $165.

However, by combining these three wagers in a multiple bet the math would be:

  • (1.65 x 1.25 x 1.75) x $100 = $361

Your immediate reaction to the multiple bet outcome of $361 is to consider it a loss when compared to the $465 you see from individual bets. However, the profit margin on the multiple is $261 because you only stake $100 instead of $300.

This means that not only has the multiple bet generated an additional $96 in profit, but it also did so on a wager of only $100 which represents one-third of the original stake.

If you were bullish about the outcome of the multiple in question you could have gone all-in and staked the full $300 for even greater returns.

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Top tips for placing successful multiple bets – Play like a pro

As you increase your knowledge of how multiple bets work and become more attuned to the teams and events you’re betting on, your slips hold the potential for some amazing outcomes. It’s always a good idea to learn more about the role that multiple bets play, how sportsbooks betting lines can affect your bet, and more.

Here are 7 tips for improving your multiple bet results:

Be courageous

Take a chance on a risky bet, bundling it into a low-cost multiple bet could see it yield great results.

Double down on your favourites

Take advantage of the win multiplying nature of multiples by combining two strong bets on a single slip.

Play multiples that suit your needs

These bets take time to resolve, make sure the bets on your slip meet your needs and suit your timelines.

Point spreads are a no-no

Point spreads in multiples are too big a risk, even for low stake bets, skip them to avoid learning bad habits.

Bet across multiple markets

Use multiple bets to try combining bets from various games and even sports onto a single card.

Balance multiple bets with straight bets

Multiple bets are a fun side betting option, but should not make up the majority of the wagers based on the inherent risk of needing to land multiple outcomes to win.

When in doubt hedge your bets

When a sportsbook offers the option to hedge your bet do not hesitate to take them up on it. This is about your bankroll and your successful bets. If a bet looks like a loser and you can recover some of the stakes, do it.

Like any other skill, learning to build the ideal multiple bet is something you can improve over time. Take your time and enjoy learning the game as you grow.

Guides and strategies for betting well – Learn more

If you started this guide thinking ‘what are multiple bets?’, then you came to the right place. As the adage goes “knowledge is power” and this has never been more true than when you are getting into sports betting. Now that we have upskilled you in the area of understanding what a multiple bet is, and provided a guide to the multiple bet explained, it would be useful for you to visit our other guides to truly take your sports betting to the next level.

Understanding system bets, learning about over under betting, and being aware of the legal gambling age in your jurisdiction all play an important part in being comfortable when placing bets.

Each of these will outline useful hints and tips, provide insider information of how to best use them to maximise your bets and give you a rounded understanding of the sports betting market that will empower you to make smart plays and avoid poor decisions.

Be sure to visit the rest of our site and find other useful guides and reviews to help you on your sports betting journey! We’ve done the research so that you can enjoy your time place bets and potentially winning big thanks to an increase in knowledge on all things sports betting. You’re sure to find a guide or review that suits your needs.

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Conclusion – Place multiple bets like a winner

This review of multiple bets has covered everything you would need to know in order to understand the type of bet it is, which bets can be included in a multiple and how your outcome will be calculated.

Armed with this information you are well on your way to placing and winning your first multiple bet. Be sure to keep in mind the risks of including too many bets on a single slip, begin with doubles and trebles to get comfortable with this type of betting before venturing anywhere near goliath territory.

Be sure to educate yourself of other important betting metrics and make use of the guides and tips provided to beginning betting like a pro. Do you want to learn more? Start at the very beginning and read about how sports betting works in this simple and informative guide.

Multiple Bet FAQ

🏆What is a multiple bet?

A multiple bet is when you combine two or more wagers on a single bet slip. These types of bets have a high-risk factor while also providing bigger rewards. It’s important to learn everything you can about multiple bets before attempting to put them to good use. That’s why our handy guide can provide everything you need to know about this form of betting. Once you know it all, you can play with total peace of mind.

🏰Are multiple bets safe?

Multiple bets are a great way to get added juice out of low yield wagers, but you do need to win all bets for the ticket to award you an outcome. Winning only one of the bets results in a loss of all bets on the slip.

🏹How are wins calculated in a multiple?

The odds for each wager on the betting slip are multiplied by one another, this value is then multiplied by your bet to determine the outcome.

🎲What are the risks of a multiple bet?

The primary challenge with any multiple bet is correctly predicting multiple events to win a single outcome. This is what makes this form of betting so risky. You need to correctly bet on all of the outcomes or you’ll lose your entire slip. However, if you succeed, the pay outs could be staggering. 

🏈Can I bet across markets in a multiple bet?

Yes, you can. Multiple bets allow for several wagers within a single event or stacking results from across different sports on a single betting slip. The choice is yours. Remember, in order to win, you need to correctly bet on all of the outcomes on your slip. Get even one of the outcomes wrong and you’ll lose it all.

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