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Single and Parlay Bets: The main differences
All crucial points, pros and cons of single and multiple bets are provided in the article.
12:01 26 February 2024
Single Bets
A single bet is a wager on a certain single outcome of an event. The bookmaker supplies the odds, and a subsequent win is reckoned by multiplying the amount of your bet and the odds for the particular outcome.
Since single bets are easy to manage, they’re really widespread and popular among bettors. All you need to do is to make a choice with a sport, league and event and select the outcome eventually.
After you wait till the event ends, it is reckoned. Today single bets are reckoned almost instantly.
Benefits are quite vivid when it comes to singles, however, there is also a major weakness - low odds on particular outcomes. For example, if you wager the win of favorite in the clash with underdog, you won’t ever get a measurable profit.
The reason is that the odds directly depend on the outcome probability. The higher the probability, the lower the odds. Exactly because of this reason bettors persistently lean toward multiple bets.
Parlay Bets
Parlay bet constitutes a few singles consolidated into one general bet. However, the odds for all the outcomes are multiplied, which significantly enhances the earnings.
To understand how does parlay work - let’s consider an example:
We joined singles into the parlay wager for the win of Wolverhampton Wanderers, Liverpool and Tottenham Hotspur in the EPL matches. All prices were multiplied by the bookie (1.45*1.50*1.50) and we got @3.262 eventually.
The greatest asset of this bet type is obvious: more profit on certain outcomes from the parlay than from the single one. Though, if single encourages winning only one bet, parlay requires winning all outcomes at once.
Which type of bets is better to operate with?
As you can see, both of these bet types have its own pros and cons. However, every experienced bettor perfectly knows, that it’s impossible to outplay the bookie on regular betting, without any effective betting system.
That’s why punters prefer to operate with surebetting or valuebetting, which can bring a tangible income from sports betting. The main problem here that it's quite hard to search for such outcomes in bookmaker lines on your own, and here arbitrage betting scanners come for help.
BetBurger is a well-known surebet and value bet scanner. This service analyses betting lines of more than 250 bookmakers in 46 kinds of sports and provides customers with information about fresh and profitable surebets/positive ev bets.
Moreover, both above-mentioned tools are already included in one subscription, so the bettor have a possibility to choose which type of betting is more suitable for him.
Find out more information on positive ev bets here: link
Conclusion
Today we’ve considered single and parlay bets, which possess reasonable benefits along with major drawbacks. Taking into account the peculiarities of these wagers, the bettor should define the best one to work with.