A combination bet, often referred to as an accumulator or parlay, is a popular wagering strategy in sports betting. This type of bet combines multiple selections into one single wager, offering the potential for higher returns. If all individual bets within the combination win, the payout can be substantial.
A combination bet operates under the principle that the odds from each individual bet are multiplied together. This means:
- Higher Potential Payout: With each additional selection, the overall odds increase, leading to potentially larger winnings.
- Increased Risk: Every selection must win for the bet to payoff. Even one loss results in the entire bet being lost.
Combination bets are widely used in various sports, including football, horse racing, and tennis. Bettors often opt for this strategy to turn small stakes into significant returns, making it both an appealing and challenging betting option.
