How do Multis Work in Betting

How do Multis Work in Betting

How do multis work in betting

Multis, sometimes referred to as parlays or accumulators, are a great way to turn a small investment into a big return. As the name suggests, a multi is short for “multiple bets” and it’s where you combine two or more sports betting events into a single bet. In order for a multi to get paid, all “legs” of the multi must be successful.

Let’s look at a simple example. Let’s consider three sports events – an AFL match, a tennis tournament and a horse race. We like the look of Hawthorn to beat Collingwood in the AFL, we’ll back Novak Djokovic to win Wimbledon and we’ll take a punt on Fawkner to win the Caulfield Cup. Let’s put $10 on each and see how they go:

$10 on Hawthorn @1.80 = $18 return ($8 profit)
$10 on Novak Djokovic @3.50 = $35 return ($25 profit)
$10 on Fawkner @12 = $120 return ($110 profit)

So our total profits, should all three win, is $143. This equates to odds of 4.77 for a $30 bet.

Now what if we combined them into a multi for the same $30 outlay?

$30 on Hawthorn + Djokovic + Fawkner @ $75.60 = $2,268 return ($2,238 profit)

Woah! That’s an enormous difference between winning $143 and $2,238 for the three same events!

So how does this work exactly? In the multi, the odds of the events are multiplied together (1.80 x 3.50 x 12 = 75.60) to produce the overall odds for the multi. Your bets are acting similar to compound interest as your winnings from each event are effectively rolled into the next to boost your potential payout significantly.

There are some great benefits of multis:

-          Bigger odds, means bigger payouts – As you can see above, if we bet on the above wagers individually, the maximum return we would get is $143. In our multi, we collected a staggering $2,238 profit for the same events.

-          Smaller investment – Since the returns are so huge, we can reduce our investment to realise the same amount of profits. If we only wanted to win the same $143 as the individual bets, we would’ve only had to risk $1.90 on the multi (at odds of 75.6) to win the same amount as the $30 risked in the individual bets.

However there are of course some cons to consider as well:

-          Increased risk – We require all legs of our multi to win in order to get paid, so if there is an upset result and we lose a leg, the entire multi is wiped out.

-          Frequency of losses – Due to the higher odds, multis won’t win as frequently as regular bets, which can be hard for some punters to handle emotionally. However when they win, they win big!

TAB multi

Multis are a lot of fun because you can choose any sporting event in the world to combine into your multi at any odds you like. You’ll soon see that a couple of value choices will blow out your odds to astronomic proportions.

Take a look at this example from the Mildura races on Tuesday July 15th in 2014 when Shane Cramp rode all eight winners. For just a $1 multi on all eight of Shane’s horses, you would’ve pocketed $762.89, even though five of the horses were odds-on and seven of them were short-priced favourites. Just one value pick bloated the multi to huge odds.

Betfair multisBetfair Australia also have a promotion running throughout the 2014 AFL Season to see who can become the “Multi King”. Each week, $1,000 in cash is given away to whoever can produce the biggest multi of the round such as this one which turned $10 into $833:

There have been many stories of punters who have turned a tiny investment into life-changing sums of money. The best way to do this is either to combine a lot of legs, or include a couple of value plays to boost your odds. For just a few bucks, it’s worth a shot right?

When placing your betting multis, be sure to wager at some of Australia's best online sports betting sites. You can find full reviews and all the bonus information you need in the menu on the right hand side of BeforeYouBet.com.au 

_ _ _ 

Always remember to Gamble Responsibly 

TIPS

Esports Betting Tips: Monday, May 23rd

Michael Lee returns with three Counter-Strike: Global Offensive esports betting previews for Monday, May 23. Today, he checks out a match between Apeks and hellslayerz in the REPUBLEAGUE Season 3 qualifiers and two Elisa Invitational Spring 2022 Main Stage matches in Sprout vs Tricked and ECSTATIC vs MASONIC. read more

2022 NRL Round 11: Sunday Preview & Betting Tips

A Sunday double header closes out the Round 11 action in the NRL! As always, Ben Bridge has you covered with his full preview and betting tips for both games here read more

2022 AFL Round 10: GWS vs West Coast Preview & Betting Tips

Its GWS’ turn to beat up on the Eagles this week, however the last thing the Giants should be doing is getting complacent. The clash kicks off from 2.10pm and we have you covered with a full preview and betting tips here read more

2022 AFL Round 10: Hawthorn vs Brisbane Preview & Betting Tips

The second game on Sunday football sees Hawthorn hosting Brisbane in Launceston from 3:20pm. Brisbane will be looking to move to 9-1, while the Hawks will be looking to get back on the winners list. Jack Tobin is on deck with his preview and betting tips read more

ARTICLES

The Truth About Sports Betting Tipsters

With the amount of sports betting tipsters out there, you’d think that everyone was getting rich off the bookies but the truth is far from it. Be careful before diving into any paid tipping subscription and keep in mind the following truths about tipsters. read more


2022 NRL Round 1 Promos

With the 2022 NRL season kicking off on Thursday night between the Panthers and Souths, the best Australian sports betting sites are on board with some NRL promos for Round 1 action. Check out the best NRL Round 1 promos here. read more


More Tips for Avoiding Account Restrictions

Following on from our article on 5 tips to avoid getting banned from an online sportsbook, here are a few more tips to help prolong your bookie shelf life and keep your sports betting account running as long as possible. read more


2022 AFL Tipping

The art of the head-to-head tip in the AFL is one that can often get lost amongst the wide range of betting markets now available to punters online. However, we are dedicated to providing you with all of the tools you need to take out your office footy tipping competition, so check out our 2022 AFL Tips here! read more


BLOGS

AFL Injury List

The AFL injury list is constantly evolving week by week and throughout the 2022 season, we'll be doing our best to provide you with AFL injury updates for yoru club before the start of every round. Check out the current AFL injury list for 2022 here. read more


2022 Brownlow Medal Leaderboard

The Brownlow Medal is the highest individual honour in the great game of AFL, and it's one of the best events to bet on for sports betting punters. What other event can you bet on AFTER the race is already run? Make sure Brownlow night is a profitable one with our rolling 2022 Brownlow leaderboard and Brownlow vote predictions for every round. read more


2022 NRL Premiership Odds

The NRL season is just around the corner and the top teams in the league have already started to settle into their places in the market for the premiership title! Once again this year, we will be providing the premiership odds for the NRL, which will be updated at the conclusion of every round. read more


2022 NRL Fixture

The NRL season is just around the corner. The first game of the year sees the Panthers hosting the Sea Eagles in a Thursday night game on the 10th of March! There is plenty of interesting matchups to look foward to throughout the season, and you can see them all in our full 2022 NRL Fixture here. read more


WinnersBet