Articles on: Sportsbook

What are the types of bet? What are Single/Express/Parlay/Chain/Express Multiple/System bets?

A “Single” bet is the simplest form of betting. You predict an outcome, specify the desired stake and place the bet. If your prediction is correct, you win the bet. The winnings are calculated by multiplying the odds by the stake.
“Express Multiple” is a bet consisting of two or more events in which a necessary condition is that none of the events should lose. “Express Multiple” bets’ total odds are calculated by multiplying the odds of all the individual predictions.
A “Chain” bet is a combination of “Single” bets on events independent of each other. The customer chooses the order of the bets included in the chain and the unit. The unit stake is placed on the first selection as a single. If this generates a return, the unit stake is deducted from the winnings and placed on the second selection and so on until the chain is complete or all funds are lost. If at any stage there are not enough funds on the bet to cover the unit stake then the total remaining balance is staked and the chain continues.
“System” is a bet which consists of at least three events. The program forms variants of the events you have selected. For example, if you select a 2/5 system, it means that at least 2 events from 5 are must-win for the bet to win. The minimum sum of each bet depends on the selection of the system.
A “Hattrick” bet means that one of the players of the two teams should score three or more goals during the match.

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Updated on: 11/04/2023

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