What is Parlay Betting? The Simplest Way to Calculate Parlay Bets</strong>
Parlay betting is gaining popularity among Vietnamese bettors, yet many available guides lack clarity and can be misleading. To help you navigate this betting strategy with ease, Wintips will break down everything you need to know about parlay betting and introduce the simplest method to calculate your bets accurately.
Currently, browsing through various football betting blogs and forums in Vietnam, it's clear that many players are eager to learn about parlay betting, how to calculate parlays, and how to place parlay bets. However, most articles fail to provide a comprehensive and detailed explanation. Even worse, some websites offer incorrect definitions and calculations, causing confusion for bettors. Therefore, in this article,
win tips bet will cover all aspects of parlay betting, including the simplest and most accurate method to calculate parlay odds.
<strong>What is Parlay Betting?</strong>
First, let's define what parlay betting is. Parlay betting is a popular type of sports bet used in both traditional casinos and
legit soccer prediction site. To place a parlay bet, a player must wager on at least two different events within the same bet slip.
There are different types of parlays, such as 2-leg parlays, 3-leg parlays, 4-leg parlays, and even 9-leg or 10-leg parlays. The number in the parlay (e.g., 2, 3, or 4) indicates the number of selections included in a single bet.
Simply put:
<p dir="ltr">A <strong>2-leg parlay</strong> means betting on two different events.</p>
<p dir="ltr">A <strong>3-leg parlay</strong> means betting on three different events.</p>
<p dir="ltr">An <strong>N-leg parlay</strong> means betting on N different events.</p>
Players can place bets on various betting markets, including Asian Handicap, European Odds, Over/Under, Corners, and Cards, as long as these bets do not occur within the same match. Some
online bookmaker now allow parlay bets within the same match, but this type of bet is still uncommon in Vietnam.
<strong>Example of Parlay Betting</strong>
For instance, if a player wants to bet on the match between <strong>Manchester United vs. Chelsea</strong> and another match between <strong>Barcelona vs. Real Madrid</strong>, they can place a parlay bet covering both matches. If both bets win, the player receives a much higher payout than if they had bet on just one match.
However, while the potential profit is high, the probability of winning a parlay bet is much lower. The more events you include in a parlay, the lower your chances of winning. Even if only one selection loses, the entire parlay is considered a loss, and the player forfeits their stake. Therefore, bettors should carefully consider their choices and avoid risking too much money on high-risk parlays.
At this point, after understanding what parlay betting is, many players may wonder how to calculate the payouts, what happens if a selection results in a half-win or half-loss, and how the bookmaker determines the final payout. Don’t worry! The following section will explain everything in detail.

<strong>The Easiest Way to Calculate Parlay Bets</strong>
<strong>How to Calculate Parlay Odds</strong>
To calculate parlay odds, players must know the odds of each individual selection and then apply the following formula:
<strong>Parlay ODDS = Odds 1 × Odds 2 × Odds 3 × … × Odds N</strong>
Where:
<p dir="ltr"><strong>Odds 1</strong> is the payout multiplier for the first selection.</p>
<p dir="ltr"><strong>Odds 2</strong> is the payout multiplier for the second selection.</p>
<p dir="ltr"><strong>Odds N</strong> is the payout multiplier for the Nth selection.</p>
💡 <strong>Note:</strong> These odds can be in <strong>European (decimal) odds</strong> or <strong>Hong Kong odds</strong>, which means they are always greater than 1.
<strong>Parlay Calculation Based on Different Outcomes</strong>
If:
<p dir="ltr">✅ <strong>Full Win</strong>: The odds for that bet remain the same.</p>
<p dir="ltr">✅ <strong>Half Win</strong>: The odds are calculated as <strong>1 + ½ × (odds - 1)</strong>.</p>
<p dir="ltr">➖ <strong>Draw (Push)</strong>: The odds for that bet are considered <strong>1</strong>.</p>
<p dir="ltr">❌ <strong>Half Loss</strong>: The odds for that bet are considered <strong>0.5</strong>.</p>
<p dir="ltr">❌ <strong>Full Loss</strong>: The odds for that bet are considered <strong>0</strong>.</p>
<strong>Example of a 4-Leg Parlay Calculation</strong>
Suppose you place a <strong>4-leg parlay</strong> with the following odds:
<p dir="ltr"><strong>Match 1</strong> – Bet A – <strong>Odds = 1.9</strong></p>
<p dir="ltr"><strong>Match 2</strong> – Bet B – <strong>Odds = 1.8</strong></p>
<p dir="ltr"><strong>Match 3</strong> – Bet C – <strong>Odds = 1.9</strong></p>
<p dir="ltr"><strong>Match 4</strong> – Bet D – <strong>Odds = 2.1</strong></p>
✔️ <strong>Scenario 1: If one of these bets loses completely, the entire parlay is lost</strong> (since the odds for that selection become 0, making the total calculation = 0).
✔️ <strong>Scenario 2: If the following results occur:</strong>
<p dir="ltr"><strong>Match 1</strong> – Bet A wins <strong>half</strong>, so <strong>odds = 1 + ½ × (1.9 - 1) = 1.45</strong>.</p>
<p dir="ltr"><strong>Match 2</strong> – Bet B wins fully, so <strong>odds = 1.8</strong>.</p>
<p dir="ltr"><strong>Match 3</strong> – Bet C loses <strong>half</strong>, so <strong>odds = 0.5</strong>.</p>
<p dir="ltr"><strong>Match 4</strong> – Bet D is a <strong>draw</strong>, so <strong>odds = 1</strong>.</p>
Final calculation: <strong>Parlay odds = 1.45 × 1.8 × 0.5 × 1 = 1.305</strong>.
If you placed <strong>100,000 VND</strong> on this parlay, your payout would be: <strong>100,000 × 1.305 = 130,500 VND</strong> (including your initial stake), meaning a net profit of <strong>30,500 VND</strong>.
Wintips confirms that this is the <strong>100% correct formula</strong> used by bookmakers worldwide.
<strong>Tips for Successful Parlay Betting</strong>
<strong>✅ Choose Matches with Reasonable Odds</strong>
<p dir="ltr">Avoid placing parlays on extremely high odds, as these bets carry a higher risk.</p>
<p dir="ltr"><strong>Remember:</strong> If even <strong>one</strong> bet in a parlay loses completely, the entire bet is lost.</p>
<strong>✅ Focus on Matches with Reliable Information</strong>
<p dir="ltr">Always check <strong>team lineups, injuries, player form, and tactics</strong> before placing bets.</p>
<p dir="ltr">The more accurate your information, the better your chances of making profitable selections.</p>
<strong>✅ Limit the Number of Selections in a Parlay</strong>
<p dir="ltr">Do not place too many bets in one parlay. Stick to <strong>3, 4, or 5 selections</strong> for a higher chance of winning.</p>
<p dir="ltr"><strong>9-leg or 10-leg parlays</strong> are more like <strong>lottery tickets</strong>, so only bet a small amount if trying for a big win.</p>
<strong>✅ Hedging (Chạy Xiên) at the Right Time</strong>
<p dir="ltr"><strong>Hedging a parlay</strong> is a strategy where a player places a bet against their final selection to secure a profit.</p>
<p dir="ltr">Example: If <strong>3 out of 4 bets have already won</strong>, you can bet against your <strong>4th selection</strong> to guarantee some winnings.</p>
<p dir="ltr">However, this should only be done when you are <strong>certain</strong> about the outcomes of the first few selections.</p>
<strong>✅ Manage Your Bankroll</strong>
<p dir="ltr"><strong>Never bet more than you can afford to lose.</strong></p>
<p dir="ltr">Always protect your bankroll and place bets wisely.</p>
<strong>Conclusion</strong>
This guide has covered <strong>what parlay betting is and how to calculate parlay odds</strong> in the simplest way possible. While parlay betting offers <strong>huge profits</strong>, it also comes with <strong>high risks</strong>. Start with <strong>small bets</strong>, apply <strong>smart strategies</strong>, and adjust based on each match to maximize your chances of success.