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People that gamble in sports will know that grouping your bets in a single slip (often called paroli) is a way to increase the odds on your stake. The massive downside this has is that if you make even a single wrong prediction, your whole stake at the given betting slip is counted as a loss.

The big advantage multi-bets can have is that it can lead to extremely high multipliers even if many bets with small odds are combined.
So I'm wondering if people out there have a certain multi-bet strategy.
For me I'm trying to figure out if there's a good strategy for multi-bets but it's not something that easy.
Good thing is that when playing with high odds, let's say chasing 10x multibets, it's ok to have a losing slip every so often.

If you go for odds that are 10x for instance, if you win more than 1 in 10 times you are still earning more than you're losing. Might sound easy but it's not. :D
Luckily crypto bookmakers allow very small bets so it's easy to experiment.
So, anyone else here playing with multi-bets? Any strategies?

Is it Paroli or Parlay? I've been into gambling for a while now but this is my first reading about Paroli. I checked the definition and it's not the same as what you're saying. It's not anything like multi-bet but it's like the opposite of a martingale betting strategy. You double your bet your wager wins.

I don't often do Parlay or multi-bet. I usually pick the favorite team to lessen the risk and maybe get one underdog in a 5-game multi-bet.

Bookies have also introduced bet builder where you can bet on different lines one the same match or game.

edit - Okay I can see now why it's Paroli. It's like the French or Italian origin of Parlay.

Usually, I group my bets when the odds are very low. I use very because even if the odds is 1.50-- and that's already low enough-- I still think grouping them together in a parlay remains highly risky. If the odds are like 1.20 or around that, that's probably best to group together in a multi-bet.

Also, I think a 5-leg parlay should be the highest. That's more realistic than having so many legs. Less risk, although less return as well.

Of course, if you already won 4 and the cash-out offer is already good enough, you might want to take that option. Sometimes you need to weigh the guaranteed prize versus risking it all for a bigger money.

In the end, don't take my word for it. I'm not a profitable gambler.  ;D

You have a beautiful strategy that is focused on making money but your admittance of not being a profitable gambler makes me wonder what could be the problem. Could it be with the event selection or fate? I know that odds of 1.2 - 1.5 is easy to come by and even if the win rate is low, surely it will happen once in a while and the multiplier effect of the accumulator could have put you in profits.

Maybe you could review your event selection, that could be the little fine tuning you need to give you edge in the business.

Multi bets always give big odds and multi bets will always produce much more profits, but this is only if you win and are lucky.
Just one failure causes all bets to be lost or failed so it will be more difficult to actually win, you must be able to have very accurate predictions in all the matches you are betting on.
But there are steps that are quite profitable and can minimize losses, I say this quite often.
For example, there are 10 matches and you take all of them to make multi bets and when the first 4 or 5 matches win, make cashout to be able to take advantage.
After making the cashout, take the remaining unfinished matches again into multi bets again and do the same thing, only you have to really be able to consider the risks and analyze everything so that each team can win.

A strategy can only achieve so much. Just like how some friends would have it in a game where their choice is the underdog: the game will still be played. The ball is round, in other words. I have parlay bets in the past in which the lowest odds was the one that failed, meaning the most favorite to win was the one that's lost. It can happen all the time. Underdogs can win, too.

In a 5-leg parlay composed of huge favorites, one could result in an upset. It won't be surprising if it happens. That's why it's an option to cash-out especially if you've already won 4 out of 5.

In the sportsbetbet Multi bet is a kind of prediction. here my strategy here is to bet from the clubs offering lower odds and those who are ahead in the points table. If the prediction matches and a multi bet is won then a good amount of win can be achieved. I have won several times using this strategy of mine. and my friends also use this strategy to place multibets. I think this strategy is very effective because the clubs that lead the points table win most of the time

a little confused to understand what you mean Paroli, is it a multi bet like a parlay combining several matches into one to get bigger odds or a builder bet that combines odds from just 1 match?

If what you mean parlay betting is that it has a high risk but the odds that we will get will be quite a big profit as you have said and for me a good strategy for making parlay bets is just don't enter more than 5 matches or just 4 matches or 4 popular teams that you enter into the betting slip and choose odds above @1.3 - @1.5 will produce decent odds and a win rate that is a little less risky.

however, if you mean builder bets, combining several betting options in one match is almost the same as parlay betting, but for me it is a little risky if you combine several betting options in one match which is difficult to predict and I rarely make builder bets, except when I want to experiment with a small amount but still the result is losing.
previously there was a thread discussing builder betting. If you are interested, you can read about some of the experiences of other people who have tried it.

For sports bettors, are you attracted with bet builder feature? (https://bitcointalk.org/index.php?topic=5474175.msg63162658#msg63162658)

Even though parlay (multi-bet) has the potential of amplifying the potential win, winning a parlay bet is extremely difficult as it is an accumulation of different individual bets and all the individual bets have to be correct to win the wager. Surprisingly, this extreme difficulty has not discouraged gamblers so many sports bettors partake in parlay bets. 

I am not a fan of parlay bets, it can waste a gambler's time and in the end, will not play. For instance, a gambler may accumulate 5 games and at the end have cut one after having to wait for the selections one after the other to be correct to win. I prefer a straight bet because you just have to wait for the outcome of a particular game to decide your fate. For instance, If I desire an odds of 2.00 I prefer staking on a single game with an odds of 2.00 rather than accumulating different games to get the 2.00 odds.

However, for those who prefer parlay, I recommend a running game that is, you have to spread your games for a desired number of days and select the best game for each of the days. This can guarantee an 85% winning rate. Also, in your multiples, try to avoid high-tempo games.

They meaning same thing just that people with different country calls it very term but from what I can find out they mean same thing as the op is correct. However, it could be very hard for strategy to work perfectly since gambling is periodically on a luck and I don't think if any other strategy could be implemented to work perfectly fine without being a probability states.
Otherwise single bets is more easier and possible to win, the probability of winning single bet is very high than that of multiple bet as parlay.

That's as risky as Martingale strategy, but you're still banking on Gambler's fallacy that you'd be able to win more because you believe that you've got a winning streak and that your chances of losing is close to zero, it's kind of like trying to get more ahead than what you should be but I don't know if it's effective as it is because you're basically pulling out more money out of your pocket to supplement the doubling of the bet from your win which will only get bigger as you continue winning but it will probably end the same way, with you losing more money than you should because you've tempted fate and you thought your win streak is unstoppable. I don't think there's even a strategy in this because it's already a strategy.

Paroli is a positive betting system, which is widely used by gamblers, especially in blackjack and roulette games. a strategy where someone increases the bet after experiencing a win and vice versa, reduces the bet after experiencing a loss. A general strategy that many people use, when starting the game, they place relatively low bets and increase them after winning, so as long as they continue to win, they will continue to increase the bet amount to create opportunities for bigger profits than before. And if they lose, they will return to their initial bet, betting a relatively small amount. They do this to protect previously obtained profits, and this cycle continues and repeats itself like that.

However, you must remember that there is no single strategy that can guarantee a win and profit. However, by having a strategy when placing a bet, this can enable you to increase your chances of getting a win and profit.

Yogee is right, Paroli and Parlay are two different things.

Paroli strategy is when you double your bet after every win, after 3 wins you return to your initial stake, or after every loss. You can read more about Paroli here: Popular Strategies (https://www.btcgosu.com/blog/guides/gambling/popular-dice-strategies/).

Parlay bets are made up of two or more wagers. They are a way of combining individual bets into one.


I like to chase goals... so my parlays are usually about goals, over or under, and both teams to score or not. I don't watch so much my final multi, I am rather focused on finding the right games, so if I think there will be more goals I will include that game whatever the odds may be.

There are a lot of strategies to implement and try and any gambler has his own strategy which the gambler thinks that will work better.That 1 in 10 time with odds 10 is surely a difficult one as grouping games to make the odd 10 to go for low odds need quite some games and to put high odds with fewer games the risk is even higher.
I use a nice strategy some times I choose 2 games and place 4 bets,I group the games in 1/1 in one ticket and then so on 2/2 both games in another then 1 ticket with 1/1 one game and 2/2 the other and the last one 2/2 and one 1/1.The odds as a minimum are over 10 as I choose games with odds 2-4.

I thought OP was messing with my brain but thankfully the internet is available.
Merriam Webster (https://www.merriam-webster.com/dictionary/parlay#:~:text=In%20gambling%2C%20parlay%20is%20used,name%20for%20such%20bets%3A%20paroli.)

Yes. It's way more difficult to hit a parlay than just a single.
Sometimes, I do try to make the parlay short just so I can have a higher chance to win it especially at time when I been having a losing streak. The times when I need my funds back so I can start all over again with new capital.
Keeping it safe. It's where the parlay gets tricky. We can combine an underdog with a heavy favorite to increase the odds but there are many times that it goes the other way. The underdog loses and then the favorite will lose too. This is why we must only do parlays on our preferred sport, the one which we have great knowledge about and not a sport that we know nothing about.
Yesterday, I tried making one in a table tennis game. There are so many games available which made me drool to make a long parlay but it's entirely wrong to do that because I don't know who the players are or their history.

So whenever there's a chance in NBA, my favorite sport, I always input 1 or 2 long parlays with my own research but sadly, one leg could sometimes not hit or 2. And the saddest part is I won't be able to cash out since one game is starting while the other ain't even over yet.
Cash-out strategies are better if the time of the games does have a one or two hours difference.

Well when you're into multi-bets, playing around with small bets on crypto platforms lets you test strategies without risking too much cash. It's a cool way to figure out that sweet spot between chasing high multipliers and not losing your entire stake. Share your experiences with other players, learn from each other and remember that it's all about finding that balance for potential wins without going too heavy on the losses

This high-risk, high-reward game offers an adrenaline rush like no other. I've played it. What about the strategy? Interesting stuff happens there. Betting on many sports can influence the game. Diversification goes beyond stocks.

What about odds? Isnt it tempting to aim for 10x? I recommend combining high-flyers with "safer" bets. Like a safety net on a tightrope. You're less prone to tumble. My betting faceplants have happened. The fun is in it all, right? While winning more than 1 in 10 seems easy, we all know the reality is more unpredictable.

Last, arent crypto bookmakers great? Big dreams, small stakes, and affordable experimentation. My suggestion? Remember, every slip is a step toward multi-betting mastery. Have fun and be light. We may crack the code and reveal the secret sauce. Happy betting until then!

You don't need to have a long list of slips full of small odds to feel the decent multipliers.

If you are not that greedy you can take 3 parlay legs betslip playing around @2 - @3 odds or in between. Somehow, we can assume that the chances to win those 3 legs within that range of odds do have a good chance and not that we can say, it's a total risk.

I don't see the benefit of having a long list betslip with an odds of less than @1.3. It's more risky for me.

Paroli and Parlay are used to imply the same thing.
I realize now that the countries where this term might be more popular though are Italy and southern Europe.
Basically the Paroli strategy is kind of a reverse martingale strategy. You just take your won money along with your stake and move them over to the next bet.
Usually with sports betting this is done with placing bets on matches where the team you're betting on is likely to win.
So ultimately combining lots of low odds comes up with a high multiplier. But it's also possible to get a high multiplier with combining a few good high odd outcomes.

The bookmakers that have multi-bet slips (I assume most if not all do this these days) means that they apply an automatic paroli strategy for you for matches that can even run at the same time.
Here's the definition for anyone interested:
https://i.ibb.co/Z1Pp1dd/image.png
Source:
https://www.merriam-webster.com/dictionary/paroli

I don't have any strategy because few times that I play multiples, I play practically very low amounts (no more than a few euros) choosing only very few matches (no more than 5). This is a strategy? I don't know... but loss these bets (maybe for a couple of results is pretty boring).

Sometimes I try to play combo bets ... Very interesting as an option because they allow you to choose events from the same match.

In my case I don't have any strategy, I just select games that, after analyzing them very carefully, I conclude that they are games with better chances of me getting it right, when I make multibet bets I don't look at the odds value of each game, I don't use this criterion. I just focus on placing games that I know have a chance of me getting it right, for example if I analyze a game that has an odds of 2.50 and I see that this team that has an odds of 2.50 has a good chance of winning the game, then I add that team with odds of 2.50, then I see another game and in that game the team with odds of 1.25 but which also has a good chance of winning. after I put all the games that, according to my analysis, have a greater chance of me getting it right. So I see how much total odds came out. if it comes out less than 3.00, then I prefer to stick with just a simple bet on the game of 2.50 odds

In my opinion, making multibet bets with more than 5 games is very risky and I avoid doing that, I also don't make multibet bets when I see that the total odds are below 2.00. The ideal for me is that in multibet bets I can get odds from 5.00 upwards, but with less than 5 games included in the parlay. This is because placing many games, for example 10 games in a parlay, is very risky even if each game has very low odds, something like 1.20, as I have seen many people from my country doing this. Here in my country, when it comes to sports betting, people place multibet bets with very high odds, I've already asked many people here in my country why they keep doing this, and they told me that they want to win very quickly.

If you often find yourself engaging in soccer gambling, you may already be acquainted with this term. Parlay betting in soccer involves selecting multiple match outcomes and amalgamating them into a single wager. The primary advantage of a parlay bet lies in its potential for a greater payout in comparison to a solitary bet. This is due to the fact that the odds of each selection are merged together. Nonetheless, it is crucial to bear in mind that parlay betting also entails heightened risks, as every pick must be accurate for you to emerge victorious in your wager.

But, it's really crucial to grasp the dangers associated with making a parlay bet and to only make bets that align with your budgetary boundaries and willingness to take risks. Even though the possibility of scoring big winnings can be alluring, it's vital to make rational choices grounded in thorough examination and a profound comprehension of the specific team or match you opt for.

I mainly make multi-bet and almost always with high odds of the outcomes that make up this multi-bet. If I bet on the favorite to win, I take a handicap of -1 or even -2 so that the odds are large.
The main thing you need to know about multi-bet is that the bookmaker takes its margin from each outcome in a multi-bet, so the more outcomes you choose (even if they are “reliable” with small odds) the more you lose (or let’s say your chances are lower).
Let's say you selected 13 events with odds of 1.2 and your final odds are 10.7. This is a terribly unprofitable bet when compared from three outcomes bet with odds of 2.2 and a final odds of 10.65. In the first case, the bookmaker has a much greater advantage, surprisingly.

When it comes on making some parlay bets then it would really be that something that would really be that depending or basing up into your own assessment whether those lines are really that worth to risk. I dont mind much about strategies or thinking about the odds too much as long i have seen some advantage or opportunity then this is the time i do dive in and make bets. On the time that
im not really seeing any high chance on winning the bet then i do just simply skip out.

Does it work? Is it effective? It would really be just that depending on how you do make out such decisions since each gambler does have their own ways
on choosing their bets according into their own criteria.

Indeed it's very risky and the chances to win are not always great but it's a very interesting way to play. With small stakes you can experiment and see if there's a formula that works.
So let's say you bet a few dollars on 5x stakes every so often. This can be done by combining a a handful of matches if they have decent odds actually. I've found that with premiere league and NBA matches this isn't particularly hard to hit targets. It might be because these leagues have a bit more predictable outcomes due to the teams having reliable performance as well. But also the odds are better due to increased participation.

So there might be a working strategy to do well with this. But I also find it fun, so it's not just about strategy. Having increased odds can be more exciting but also kinds risky too.

I try to look for teams that are running hot, check out the results of their last 10 games and check out their opponents stats as well for the past 10 games. This is specifically for NBA betting and helps me decide whether I want to give or take the points.

I think my main formula when it comes to multi-betting is to choose those bets that are less risky or those bets that have high probability of winning. Of course there are also times when I experiment on grouping together risky bets just to hit much higher overall odds and to try to achieve a higher profit. But it's generally discouraging this way because it's impractical. Risky bets are most often just stand alone. To create a parlay made up of risky bets needs so much luck.

This type of bet, gives people good odds and the chance to win a lot of money. You have to be right more often, though, which makes them riskier. Individuals who multi-bet may concentrate on certain types of markets or mix bets from various sports. Some people also choose based on how they feel or on what they have learned from learning and analyzing facts. While multi-betting, you might lose a lot of money. By using small bets and keeping track of the results, people can figure out the best ways to win based on their own preferences and willingness to take risks.

I don't use any strategy to place bets in multi-bets. I often just place random bets or copy multi-bets others made. That would be very easy because I don't need to analyze anything and just copy the slip. That's what I often do if I'm too lazy to check or analyze each match and find the right team. Even though I often lose, it's okay because it's a small defeat for me so I don't think too much about it. Indeed, placing bets on multi-bets can increase our chances of getting a big win, but if we cannot analyze well, we can still lose some money. For this reason, we need to pay attention to how much money we have to bet so that we don't regret losing.

Yep from the way he describe it, it's parlay. And yes I have been betting with this kind of strategy, win some, lose some. But lately though, I just stayed in a single bet in my NBA betting as the game is very unpredictable at this stage of the season.

Usually I used this strategy early, because teams that are strong are really that in the beginning, until teams are going to catch up with them.

And yes, it's a big risk, from my experienced, it's hard to win like 3-5 bets that will have x10-x20 odds. And it take just one lost to totally ruined your parlay and it's gong to be frustrating.

To be honest, this method is indeed profitable to play multi-bets, you don't need to bet a lot on several matches as long as it produces 5x odds, it's enough in my opinion, but it also depends on the needs and abilities of each user, I'm not an expert in fully analyzing matches so betting like that seems difficult. because I often experience losses and the risk is also high, although maybe I can bet with smaller bets, it's really fun, but don't use multi-bets like that if you don't have more experience and a good strategy.

I personally don't have any strategy in playing multi-bets like that but I like to try betting like that every once in a while every weekend, I usually look for information first in any case through this forum because many people make predictions too in every football thread in the world. forum thread, at least I can analyze it more deeply for multi-bets, actually it's more profitable to do multi-bets like that, but I'm used to betting single bets with bets that are quite high than my usual budget compared to playing multi-bets with a little money but with the risk of losing.

Multi picks is not beneficial most time because unless you do monitor those teams before adding them to your bet slip, most times even though you do, the more long your slip is, the possibility of losing such bet is high, though if you eventually win it will be high depending on the amount you used in staking such slip, the strategy I know to at least win a little if one engage in multi selection process is, making your selection from the teams you know, don't pick straight win odd, pick on goal or double chance to make the picks less risky and in rease the chances of winning such bet.

I think for me the best strategy to make multi bets is mostly having reliable performance by the teams that match against each other.

And then again, because the initial odds are provided by the bookmaker, having greater participation in a match, gives more realistic odds to matches.
So for me gambling with multi-bets on days that large leagues are playing like EPL, Spanish LaLiga and NBA are playing matches, is a better time to make bets in parlay.
So all in all, I'm starting to see some sense of strategy in all this. Maybe I'll spin this out to a separate thread with my own opinions a little later.