Next on our guide, it is time to talk about a multiple or a bet accumulator. The two terms refer to one and the same thing. Namely, this is a bet that involves a few selections. For instance, you can place a single wager on the winners of different football games rather than make individual bets for every match. However, here is the catch – you need to get each and every selection right to win; otherwise you will lose your stake. With that said, it should already be clear to you that this type of bets is not very easy to win. In this post, we are going to give you a few examples and also show you how to calculate an accumulator bet. We will show you the essentials of this type of wagers so that you can use them to your advantage. We hope that the info will help you make better decisions that do not lead to your detriment.
Multiple Wager and a Bet Accumulator
However, before we proceed to the examples, we want to clarify that there is a slight difference between a multiple wager and a bet accumulator. Although many gamblers and sportsbooks use them interchangeably, an accumulator usually involves more than three selections, whereas a multiple bet involves more than one selection. So, with multiples you can have only two selections if you wish, but you cannot do that with accumulators because the minimum there is three selections.
Other terms include doubles and trebles. The former are bets with two selections, and the latter are wagers with three selections. Also, if there are four selections on one wager, it is called a fourfold. Then you also have a fivefold, which is a bet with five selections. This can go on forever. Of course, when placing a bet accumulator, you would not want to include more than 10-15 selections. The risk would be too big. Such bets are quite rare.
This type of wagers can be used in quite a lot of sports, but not all of them. You can also add different sports on the same bet; for example, a tennis match, a football match and a horse race. Now, let’s proceed with some calculations.
How to Calculate the Odds for Accumulators
Let us show you how you can calculate the odds for your bet accumulator. It is easy if you use decimal odds. So, if you happen to prefer another odds format, you will need to convert the odds to decimal numbers. Then you have to multiply the odds of each and every selection on your wager. This will give you the total for the bet.
Let’s say you want to place a double bet at odds 1.40 for each selection. You have a total of two selections. So, all you need to do is to multiply 1.40 by 1.40. It is easy as that. Now you know that the total of the bet accumulator you want to place is 1.96. If you stake £20 on the bet, you will get £39.20 in total, stake included.
Now, what if we add one more selection to the wager? Let’s say it has odds of 1.95. So, we have 1.95 x 1.40 x 1.40. The total is 3.822. These are the odds of the wager you want to place. Now, if you want to place a £20 bet on these odds, you will get a return of £76.44 in total.
This is how you can calculate the odds. As you can see, it does not take a scientist to do that. You can use a calculator to ensure that your calculations are right.
Advantages and Disadvantages of Accumulators
The greatest advantage of accumulators is that they can get you some money in return for small stakes. As mentioned earlier, the odds are multiplied, which means the payouts will be massive if you win. However, here is the thing, you might not win.
The biggest disadvantage of this type of bets is pretty obvious; if only one of your selections is not correct, you lose. It is risky. Like we said in the beginning, it is not easy to win such a wager. Aside from the fact that you may not get all of your selections right, there is also the fact that the more the selections, the higher the odds. As you know, higher odds mean bigger return but also bigger losses. This is a good reason not to place a bet accumulator. This is why a lot of experts do not use this option.
If you still decide to go with this type of bets, take this from us – use a small number of selections. You want to keep it reasonable. Up to ten selections are okay, but you do not want to go up. Considering that winning a regular bet is not easy, you should keep in mind that when it comes to accumulators, the chances of winning are even smaller. So, be prepared for some losses and do not stake big amounts of money.
This is all we had to say about this type of bets.
Types of Betting
- Arbitrage Betting Explained
- How Hedging Bets Work
- Kelly Criterion Betting Strategy
- Moneyline Betting in Sports
- Parlay Betting Explained
- All about Point Spread Betting
- Meaning of Over Under Betting
- Understanding Outright Bets
- What Prop Bets are About
- Making Betting Permutations
- Basics of Live Betting
- What is Exchange Betting
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