Multi Bet Explained

Have you ever wondered why people combine bets? This process is known as multi betting. This article will address how a multi bet works, the various types, pros and cons, and places where players can place such bets in Nigeria. Now let’s dive into the world of multi-betting and understand what it’s all about.

What Is a Multi Bet and How Does It Work?

What is a multi bet meaning? It is a kind of bet where the punter places his stake on a combination of several bets. In other words, it’s a bet that involves more than one entry at a time. The way it works is straightforward.

A punter chooses a series of bets and combines them for a win. These bets can be from the same sporting events or different ones. With a multi-bet, a bettor could win much more than single bets. The strict rule that guards multi-betting, though, is that the punter has to win all the bets to get the money.

Multi Bet Options NG

Multi Bet Example

Let’s use an example to illustrate the concept of a multi bet. Imagine three sports events running simultaneously: a Premier League match, a tennis competition, and a horse racing competition. Now let’s say you want to place bets on these three events.

For the Premier League game, you choose Arsenal over Manchester United. For the tennis tournament, you choose Serena Williams to win the French Open. Then, for the horse racing competition, you are picking Faulkner to win. All is set, and you place a sum of ₦1,000 on each bet. Below is a possible summary of your earnings from the single bets.

  • 1st case: ₦1,000 on Arsenal @ 2.0 odds = ₦2,000 (₦1,000 profit)
  • 2nd case: ₦1,000 on Serena @ 3.50 odds = ₦3,500 (₦2,500 profit)
  • 3rd case: ₦1,000 on Celtic @ 12 odds = ₦12,000 (₦11,000 profit)

The total possible profit is ₦14,500 at 5.50 odds.

Now let’s imagine you decide to play the three as a multi-bet. Instead of a straight addition of the odds, they are multiplied.

2.0 x 3.50 x 12 = 84 odds.

This gives a potential earning of a whopping ₦252,000 with a ₦3,000 multi bet. There is one essential clause on a multi bet, though. All the games you enter must yield profitable outcomes for you to win the multi bet.

What Are the Types of Multi Bet?

There are various types of the multiple bet options available. Each one has its uniqueness. Here are examples of popular multi bets.

Double bet: This is the most basic kind of multi bet. As the name suggests, a double bet merges two games into a single bet. If both games go your way, you get a higher payout compared to what you would have earned on two single bets.

Triple bet: The triple bet merges three games into a single bet. If all three games go your way, they roll over on each other to give you a mega win.

Accumulator: This kind of bet involves more than three games played in one bet. Once it’s more than three (maybe four, five, or ten), it’s an accumulated multi-bet.

Each way multi bet: Each way multi bet applies particularly to horse racing. In this multi-bet, you place your stake on both the win and the place. If your horse wins the race, you get the profits for both win and place. However, if the horse places, you get only the place earnings.

Win multi: The win multi is the riskiest of all the multi bets. The games you combine build up to become a massive win. The first rolls over into the second, and so on. For this to work, though, you must win all the games staked, or you win nothing.

Other Popular Multi Bet Types

Here are some more complex bet types that fall into this category.

Trixie multi bet: The Trixie multi-bet includes three selections of four bets. It could also have three doubles and a treble. However, it only pays when one or more bracket selections are successful.

Yankee bet: A Yankee bet includes four trebles, a four-fold accumulator, and six doubles.

Lucky 15: The Lucky 15 consists of 4 single bets, 6 doubles, 4 trebles and 1 fourfold making a total of 15 bets in all.

These are the major multiple bets options. It is advisable that you take your time to understand each one before trying them out.

What Are the Pros And Cons Of Multi Bet?

Like every other part of betting, multi-betting has its pros and cons. Bettors must consider both sides of the coin before committing to a multi-bet.

The essential advantage of a multi bet is the big win possibility that comes with it. Unlike single bets, a multi bet can be promising. A suitable permutation with the right games and odds can change a lot of things.

Just as it is easy to win, so it’s easy to lose. One wrong prediction is all you need, and your hopes for a mega win end in a tragedy. A tip you can utilize is to be careful and do your best to make the right choices. Use a good bookmaker and also cross-check information repeatedly. Also, you can look for some betting tips. This can help minimize your loss and increase your chances of winning.

Where Can I Place Multi Bets?

After in-depth research and review, we came up with online betting sites here in Nigeria that allow you to place Multi Bets. The table below gives a list of the websites and the bonuses they offer.

BookmakerWelcome BonusBonus Code
Bet9ja Promotion Code
bet9ja logo
100% up to ₦100,000 + 50% extra casino bonusSPORTMAX
Betking Promo Code
betking logo
225% Accumulator BonusVIPBET
1xbet Promo Code
1xbet logo
330% up to ₦189,280MAXSPORT
Betway Sign up Code
betway logo
100% up to ₦100,000MAXFREE
Betwinner Promo Code
betwinner logo
100% up to 100,000 NGNNGBET
bet365 Promo Code
bet365 logo
Up to $30 in Bet Credits*
Min deposit requirement. Bet Credits are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
MAXFREE*
The bonus code MAXFREE can be used during registration, but does not change the offer amount in any way.
Frapapa Promotional Code
frapapa logo
300% bonus up to 300 000 NGNGo to Frapapa
N1bet Promo Code
n1bet logo
300% bonus up to 500 000 NGNGo to N1bet
Parimatch Promo Code
parimatch logo
120% first deposit bonus, up to NGN 120,000Go to Parimatch
22bet Promo Code
22bet logo
100% match deposit bonus up to ₦50,000Go to 22bet
Yangasport Promo Code
YangaSport logo
500% First Time DepositGo to Yangasport
Ogabet Promo Code
ogabet logo
Up to 750% Extra Cash on your winnings!Go to Ogabet