This is the most comprehensive guide to betting accumulators… ever.

In this guide, you’ll learn everything you’ll ever need to know about multiples.

But how do you use them? And how many types of accumulators are there?

That’s what this ultimate guide is all about.

## What Is An Accumulator Bet?

An accumulator, also known as a parlay bet, combines multiple events into a single wager.

They only return a win if every single event in the accumulator wins.

This means that if just a single event loses, the entire accumulator loses.

The more events contained in a single accumulator, the less likely it becomes to win, but the bigger the potential payout.

In the event that one of the events does not take place, (eg a non-runner), returns are calculated as if it was never included in the accumulator.

Accumulators can be created across all sports but sportsbooks may have their own rules on combining events from different sports.

Bets from the same match can never be included in the same accumulator.

Due to their nature, some bettors like to hedge on smaller parlays.

For example, someone making a four-fold accumulator would make a three-fold accumulator.

This is because should one event lose, not everything is lost.

Now…

Technically speaking, an accumulator is a bet that includes 4 or more events.

Bets that contain 2 or 3 events have different names but behave exactly the same as accumulators.

They are names as follows:

An accumulator is a bet of 4 or more events.

Those with fewer than 4 behave the same but have different names as detailed below:

Number Of Events | Name |
---|---|

2 | Double |

3 | Treble |

4 | Four-fold accumulator / Four-fold parlay |

5 | Five-fold accumulator / Five-fold parlay |

6 | Six-fold accumulator / Six-fold parlay |

There is no limit on the number of events you can place in a single parlay.

This means you can make bets like this lucky man and win big from just a small stake.

Nevertheless, sportsbooks like people making accumulators.

Why?

**Because they’re hard to win.**

According to UNLV Gaming, Nevada sportsbooks have won 31.17% of accumulators since 1992.

They didn’t win more than 7% from other bets.

### Accumulator Odds

Accumulator payouts can differ.

Different sportsbooks may have different odds for each event in the accumulator.

These odds can change at any time too.

Always check your bet slip before making the bet.

### Accumulator Payouts

Payouts are fixed once the bet is made, no matter if the lines change throughout an event included in the accumulator.

If lines change in your favor, it’s worth making another accumulator with these improved lines.

## Accumulator Examples

This section will show you winning, losing and each way example.

It will also show you how to calculate your payouts if you want to do it manually.

Alternatively, you can use our bet calculator to do it for you.

### Winning Accumulator

Consider the following four-fold football parlay:

Event | Selection | Odds | Outcome |
---|---|---|---|

Rockies @ Dodgers | Dodgers | -155 | Win |

Giants @ Diamondbacks | Diamondbacks | -120 | Win |

Angels @ Athletics | Athletics | +120 | Win |

Padres @ Cardinals | Cardinals | +105 | Win |

Wagering $20 on this accumulator would have paid out $272.

Here’s the calculation.

First, convert the odds to Decimal Odds – use our odds converter to help you out.

American Odds | Decimal Odds |
---|---|

-155 | 1.645 |

-120 | 1.833 |

+120 | 2.200 |

+105 | 2.050 |

Then calculate the return:

Return = $20 * (1.645 * 1.833 * 2.200 * 2.050) = $272

Then calculate the profit:

Profit = Return – Stake = $272 – $20 = $252

### Losing Accumulator

No matter how big or how small the accumulator, if a single event loses, the entire accumulator loses.

So, going back to the example above…

If the Dodgers lost but all other three events won, you would have lost $20.

### Each Way Accumulator

Each way accumulators consist of two parts:

- A to-win accumulator like the two examples above.
- An accumulator bet on each of the events to-place.

This means that you must wager 2 units on an each way accumulator; one unit on part one and one unit on part two.

Since to-place isn’t available on all sports, each way accumulators are also not available on every sport.

Here’s an example:

Note: the Fractional Odds format makes calculating profits easier so remember to use our odds converter if you use another format.

Event | To-Win Odds | To-Place Odds | Outcome |
---|---|---|---|

1 | +500 | -500 | First |

2 | +2000 | -500 | Third |

3 | +200 | -500 | Second |

4 | +700 | -500 | First |

First, convert the odds to the Fractional Odds format:

American Odds | Fractional Odds |
---|---|

+500 | 5/1 |

+2000 | 20/1 |

+200 | 2/1 |

+700 | 7/1 |

-500 | 1/5 |

Now for the calculation.

Let’s say you wagered $20; $10 goes on the to-win bet, $10 goes on to-place bet.

- The to-win accumulator loses since 2 of the 4 events didn’t win, resulting in a $10 loss.
- The to-place accumulator is calculated as follows:

Return = $10 * ((5 * 1/5) + 1) * (( 20 * 1/5) + 1) * ((2 * 1/5) + 1) * ((7 * 1/5) + 1) = $336

Profit = Return – Stake = $336 – $10 = $326

Therefore:

Total Profit = $326 – $10 = $316

Now that we have covered these examples, let’s look at some other types of parlays.

## Round Robin

A Round Robin parlay consists of between 3 and 8 bets and between 2 and 6 events.

Each parlay is an independent event.

Bettors wager all combinations on a Round Robin, allowing them to cover all bases and make a profit.

Though Round Robins are a series of parlays, not every parlay must win for the Round Robin to be classed as a winner.

Round Robin is available in most sportsbooks.

If it’s not, simply make enough doubles to cover all combinations.

Here’s an example.

Imagine you wanted to include the following bets in your Round Robin:

- Dodgers -155
- Diamondbacks -120
- Athletics +120

A Round Robin creates the following two-team parlay combinations:

If the Dodgers don’t win, the parlay involving the Athletics and Diamondbacks (Parlay 3) will still be successful.

If the Athletics don’t win, Parlay 2 (involving only the Diamondbacks and the Dodgers) would be a winner.

And if the Diamondbacks fail to win and both other events succeed, Parlay 1 with the Dodgers and Athletics wins.

### Round Robin Payouts

Round Robin bets are individual parlays.

This means each parlay payout is also calculated individually.

Using the example above, based on a $20 unit, payouts are calculated as follows:

- $165 if all three events win
- $80 if Cardinals lose
- $90 if Diamondbacks lose
- $75 if Athletics lose

This shows that it’s possible to profit from a Round Robin if just 1/3 parlays win.

But, if none of the events win, you would lose 3 units; in this case $60.

## Dutching

Dutching is a betting strategy where you back every event and no matter who wins, you are guaranteed the same return.

Bettors like the Dutching method when there are at least two outcomes you want to bet on and have the ‘correct’ amount to invest in both events.

Before betting exchanges became popular, dutching was a lay betting method.

There are three ways to use the Dutching strategy:

### Simple Dutching

Simple Dutching is using the same stake across all events to ensure a profit.

It can be used with equal stakes or reduced stakes as the odds lengthen.

Here are some examples.

For equal stakes:

Event | Stake | Odds | Payout |
---|---|---|---|

1 | $20 | +200 | $60 |

2 | $20 | +200 | $60 |

Total stake = $20 + $20 = $40.

No matter if Event 1 or Event 2 wins, you profit remains the same at $20 ($60 payout – $40 stake).

For reduced stakes:

Event | Stake | Odds | Payout |
---|---|---|---|

1 | $20 | +200 | $60 |

2 | $10 | +500 | $60 |

Total stake = $20 + $10 = $30.

No matter if Event 1 or Event 2 wins, you profit remains the same at $30 ($60 payout – $30 stake).

### Stakes Limit Dutching

Stakes Limit Dutching spreads the same stake over the total number of events to ensure the same profit.

Here’s an example when your stake is $40:

Event | Stake | Odds | Payout |
---|---|---|---|

1 | $26.66 | +400 | 133.30 |

2 | $13.33 | +900 | 133.30 |

Total stake = $26.66 + $13.33 = $40.

No matter if Event 1 or Event 2 wins, your profit remains the same at $93.30 ($133.30 payout – $40 stake).

### Set Profit Dutching

Profit Dutching involves increasing the total stake as the number of events increases to achieve the desired profit outcome.

Here’s an example when your set profit is set to $60.

For two events:

Event | Stake | Odds | Payout |
---|---|---|---|

1 | $20 | +400 | $100 |

2 | $20 | +400 | $100 |

Total stake = $20 + $20 = $40.

No matter if Event 1 or Event 2 wins, you profit remains the same at $60 ($100 payout – $40 stake).

For three events:

Event | Stake | Odds | Payout |
---|---|---|---|

1 | $30 | 400 | $150 |

2 | $30 | 400 | $150 |

3 | $30 | 400 | $150 |

Total stake = $30 + $30 +$30 = $90.

No matter if Event 1, Event 2 or Event 3 wins, you profit remains the same at $60 ($150 payout – $90 stake).

## Trixie Bet

A Trixie bet is 4 wagers on 3 events. It consists of:

- 3 doubles;
- 1 treble.

At least 2 events must win for a successful return.

It’s also possible to make bet each way with a Trixie.

The difference is that instead of 4 bets, it’s 8 bets; 4 on each winner and another 4 each way.

Let’s run through an example of a standard Trixie bet.

### Example

Here are the 3 events to include in the Trixie bet:

- Dodgers -155
- Diamondbacks -120
- Athletics +120

The Trixie bet creates the following parlay combinations:

## Patent Bet

A Patent bet is 7 wagers on 3 events. It consists of:

- 3 singles;
- 3 doubles;
- 1 treble.

The number of winners will affect the possibility of a profitable bet.

It’s also possible to make bet each way with a Patent.

The difference is that instead of 7 bets, it’s 14 bets; 7 on each winner and another 7 each way.

Let’s run through an example of a standard Patent bet.

### Example

Here are the 3 events to include in the Patent bet:

- Dodgers -155
- Diamondbacks -120
- Athletics +120

The Patent bet creates the following parlay combinations:

## Yankee Bet

A Yankee bet is 11 bets on 4 events, consisting of:

- 6 doubles;
- 4 trebles;
- 1 four-fold multiple.

Since the bet is made up of 11 different bets, a $20 win-only Yankee bet costs $220.

The amount you win from a Yankee depends on how many of these 11 events win.

As there are no singles in a Yankee, at least two of the events must win in order to get a return on your investment.

Each way Yankee bets also exist.

They consist of 22 bets; 11 bets as above as well as 11 on each way.

Let’s run through an example of a standard Yankee bet.

### Example

Here are the four events to include in the Yankee bet:

- Dodgers -155
- Diamondbacks -120
- Athletics +120
- Cardinals +105

The Yankee bet creates the following parlay combinations:

## Lucky 15 Bet

A Lucky 15 bet is 15 bets on 4 different events, consisting of:

- 4 singles;
- 6 doubles;
- 4 trebles;
- 1 four-fold multiple.

Since one Lucky 15 wager equates to 15 bets, you are required to stake 15 units per 1 unit bet.

For example, a $20 win-only Lucky 15 bet would cost $300.

The amount you win from a Lucky 15 depends on how many of these 15 bets win.

You get a return even if just one of the singles wins.

However, it’s unlikely that this will return more than your original investment.

Each way Lucky 15 bets also exist.

They consist of 30 bets; 15 bets as above as well as 15 on each way.

Let’s run through an example of a Lucky 15 bet.

### Example

Here are the four events to include in the ;ucky 15 bet:

- Dodgers -155
- Diamondbacks -120
- Athletics +120
- Cardinals +105

The Lucky 15 bet creates the following parlay combinations:

## Accumulator Betting Strategy

It’s not wise to bet accumulators.

Long-term profitable sports betting is only possible through the creation and application of data-driven strategies.

However, for anyone interested in betting accumulators, here are a few ways to increase your profits.

### Use Sportsbook Bonuses

Sportsbooks offer a wide range of accumulator bonuses, particularly for popular sports.

This is because accumulators have high profit margins.

The best bonuses start with a small number of events.

They also pay extra winnings in withdrawable cash.

For example, Bet365 did an offer where you would have won an extra 100% bonus:

### Free Bets

Some online sportsbooks offer you free bets based on betting $x a week/month.

If you bet on multiples regularly, this will add up.

Accumulator clubs are also popular.

They give you a free accumulator on the same basis – betting $x a week/month.

### Avoid Large Parlays

The more events, the less likely it is to win.

While an accumulator potentially paying out 10,000/1 sounds amazing, you won’t win – unless you get extremely lucky!

As SportsPrediction.asia would put it:

*Greed is one of the most frequent problems among bettors.*

### Include Underdogs

A common parlay strategy is only selecting favorites.

But the favorite doesn’t always win.

Randomness and variance always play a part in sports betting, meaning the underdog will win occasionally.

Plus, only betting favorites means the bet may not be worth the risk in terms of value.

### Use More Than Just Moneyline Markets

Dean Jackson came up with this idea.

While it’s tough to find longshot winners, there are other markets that can increase the value of your accumulator, such as half time/full time bets or over/under bets.

### Shop For The Best Odds

Odds are multiplied together in a parlay.

This will only increase as the number of events in the accumulator also increases.

This means getting the best odds per event can impact your returns.

The better your odds, the more money you can win.

### Bet Small

You aren’t going to win often, if at all, from an accumulator.

Therefore

Use small units.

You’ll still win big if it comes in but you’ll keep losses to a minimum.

## Conclusion

So there you have it.

The complete guide to accumulators and how to bet them.

Are you going to start using any of these bets?

Have you had any success from accumulators?

Either way, let us know by leaving a comment now or let us know on Twitter.