What Is Multi Betting?
As we mentioned in the intro, a multiple bet is a form of wagering where you select more than one selection on a single bet slip. This also means that you get to use one bet amount for all selections, instead of stake for each of them separately.
You can employ multi betting on any sport you like. Bookmakers also allow you to combine different types of sports on a bet slip. This goes in favour of bettors who like to follow several sports.
The rewards that come with the multi bets are much higher than the ones on the single bets. This is because the odds of winning such a wager increase.
In a single bet, the payout comes from the markets’ odds multiplied by the bet amount. With the multiple bets, the sportsbook multiplies the stake with the markets’ odds from each selection. This means, that the more selections you have, the bigger the potential winnings.
To get your hands on the reward, you must correctly guess the outcome of each selection. This makes it harder to construct a winning multiple bet, especially if you include a few dozen betting markets.
The number of selections that you can include on a multiple bet varies from one sportsbook to the other. Some set the limits at 15 or 25, while others allow up to 40 or even 50 selections.
We must also note that the bookmakers usually set a higher maximum win limit on the multi bet. This isn’t the case with single bets. At most sports betting websites, the difference between both types of wagers is more than double.
Why Punters Should Do Multi Bets?
The multi betting feature allows punters to go after much more rewarding payouts. As we explained earlier, you win greater amounts on these types of bets than on single wagers.
Here, every selection contributes certain odds that multiply with the odds from the other markets as well as the stake. With it, the money that you can potentially win increases drastically. For instance, a multi bet with 3 selections provides a better payout than 3 single bets.
With multiple bets, you get to use only one bet amount for all of your selections. This isn’t the case with the single wagers, where you have to pay a stake for each of them.
- A large number of betting markets
- Betting with cryptocurrencies
- In-play betting and live-streaming
However, we must mention that multi betting is for punters who have some sort of experience with sports betting. Everyone can win a single wager based on pure luck and very little knowledge.
Also, when it comes to multi bets, you will need to learn all about the featured sports and markets. You can be lucky once or twice, but when you wager on numerous selections, then you will need some advanced knowledge. Try sticking to sports and markets that you know at first.
Multi betting is very useful if you are an experienced player who wants to use that knowledge to earn some money. For example, you are almost certain how a couple of matches may end up. In this case, the multiple bet feature provides a chance to materialize.
Many punters find the multi bets way more exciting than single bets. This is because you get to cheer for several teams instead of one.
Maximize Your Advantages With Multi Betting
The advantages that come with multi betting are similar to why you should use this type of wagering. First of all, the biggest benefit that comes with the multi bets is the fact that you can win a staggering amount. The risk is higher here, but so are the payouts.
You may know that the most reputable bookmakers are offering increased odds on certain sporting events. This is where the second advantage comes in. You can employ the multi betting option and employ some of these matches and potentially earn a much bigger reward.
Other sportsbooks may offer boosters to punters that include a certain number of selections on a multi bet slip. This is another advantage that only comes with these types of bets.
Experienced bettors will take the most benefits from multi betting. This is because they can use it in sports that they are very knowledgeable. Also, it gives them a chance to collect a large payout even with a smaller stake. They won’t be able to do this with the single bets.
Punters that have a limited budget are using the multi bets the most. This type of sports betting gives them a chance to hit a massive reward with the lowest possible wager. Because of that, many bettors are including markets with greater odds. It only takes one lucky bet slip to hit a massive payout.
Multi Betting Example
Multi betting at the sportsbooks is a very simple thing to do. You will need an account and certain funds in order to wager on multiple bets. Once you’ve done that, open the sports category that you are interested in. Then, select at least two markets and conclude the bet.
To make things easier to understand, we will provide a simple example. Let’s say you want to place a multi bet on football matches. We start off, by opening the football category and exploring the available matches. Then we click on a match that we like to bet on and choose a betting market.
After that, we go back to the list of matches and select another one. This process continues until we feel that we have enough selections on our bet slip. An example of a multi bet would be the following:
- Manchester United to win
- Arsenal to draw
- Liverpool to score 3 over
- Newcastle to win or draw
Another example of multi betting is wagering on different sports. For instance, Real Madrid to win (football), the Boston Celtics to win (basketball), and Novak Djokovic to win (tennis).
Pros/Cons
Pros
- Bet on several selections with one stake: you are free to use a single stake to bet on at least two selections at once
- Multi betting offers some very big payouts: the odds of each selection multiply with each other as well as with the stake, which can result in a massive reward
- You can get special boosters with the multi bets: many bookmakers are offering boosters that can drastically increase your payout
Cons
- Hard to win especially when betting on too many selections: the more selections you include on your bet slip, the harder it will be to guess the outcome of all of them
- Requires experience in order to master multi betting: beginners may struggle with the multi bets as they may include too many selections or use markets that they don’t understand
- Wait for all matches to finish before getting a payout: every match on your bet slip must end with a positive outcome before you can cash out the winnings
Odds
Earlier we mentioned a bit about the odds and how they provide such a massive payout. As you know, every betting market comes with certain odds that are unique for that specific match.
When you wager on an event with a single bet, the featured odds of the market multiply with the stake. The end result is the potential payout that you can win if the bet comes through.
Now, with the multi betting, the calculations are very similar. Here, the odds of the market that you choose multiply with each other as well as with the stake. The more selections you have on your multi bets, the bigger the payouts will be.
Multi Betting Offers and Promotions
If you are interested in multi betting, then you will like what the top Nigerian bookmakers have in stock for you. They tend to encourage their customers to place multiple bets with several super rewarding promos.
The most common type of offer is the odds booster. With it, the bookmaker increases the total odds of your bet slip when you bet on a certain number of selections. The more markets you wager on, the higher the percentage of the featured booster will be.
Among the most common multi bet promos are the accumulators of the day. These are sporting events that feature increased odds, which can offer a bigger payout if you combine multiple of them.
If a sportsbook is offering both, boosters and accumulators of the day, then you are in for a treat. Selecting the matches that already come with increased odds and getting a booster can result in a massive payout.
Newly registered players can make use of the sports welcome bonus. It can either offer one or several free multi bets, or extra funds. This promo allows you to get familiar with the sportsbook as well as with the concept of multi betting.
Another common promotion that regards the multiple bets is the cashback. It offers you a portion of your losses back to you after. It may apply for losses suffered during a single day or week. Some bookmakers give your entire stake back if you fail to win a multi bet by only one selection.
Then we have the deposit and reload bonuses, which you can claim by depositing a certain amount of money. They will match your deposit with a featured percentage. Then you are free to use the extra funds for multi betting on your favourite sports.
₦145,600
On first Deposit
1xBet Bonus conditions
- 300% first deposit bonus of up to NGN145,600
- eSports Era: Place a risk-free bet
- 100% Cashback
₦770
Minimum Deposit
Visit
T&C apply, 18+
₦105,000
On first Deposit
22bet Bonus conditions
- 100% bonus of up to NGN105,000
- 5x wagering requirements
₦850
Minimum Deposit
Visit
T&C apply, 18+
₦55,000
On first Deposit
Wazobet Bonus conditions
- 110% match offer that goes up to NGN55,000
- wager 5 times with multiple bets with at least 4 events with odds equal to or greater than 1.35
₦100
Minimum Deposit
Visit
T&C apply, 18+
₦-
on first deposit
Bet9ja Bonus conditions
- Bet9ja Fantasy Premier League: Compete for monthly prizes of NGN350,000
- Super9ja: predict 6 correct scores and win NGN10,000,000
₦100
Minimum Deposit
Visit
T&C apply, 18+
What Are the Alternatives to Multi Betting?
There is only one alternative to multi betting at the sportsbooks and that is single betting. As you may know, you can only use the single bet to wager on a single selection. The betting market is irrelevant, as long as you have only one sporting event on your bet slip.
It comes with a much lower risk when compared to the multi bets. But, that also means that the payouts are significantly lower. Punters that employ single bets are usually wagering with bigger stakes.
You can find beginners as well as experienced Nigerian bettors who place single bets. This type of wagering is very simple to apply. It requires choosing a match and betting market, deciding the bet amount, and concluding the wager.
FAQ: Multi Betting
In order to place a multi bet, you will first need to register and verify an account at a legit sportsbook. Then, deposit some funds and choose a sport that you are interested in. Explore the available matches and click on the betting markets that you like to wager on. You will need to choose at least 2 selections in order to construct a multi bet. Lastly, conclude the bet and wait for all sporting events to finish.
Yes, it is possible to place multiple bets. You can do that at online or land-based bookmakers. Every betting platform makes sure to include this feature in their offer, thanks to its popularity. So, you won’t struggle to find a good sportsbook where multi betting is possible.
Yes, you can cash out an active bet by using the early cash-out feature. When you decide to use it, the bookmaker will pay you an amount lower than the total payout. The cashable funds also depend on the likelihood of the bet winning. However, we must mention that this option isn’t available at all sports betting sites. So make sure to register an account at a sportsbook that does offer early cashing out.
Yes, you can use your mobile device for multi betting. Almost every Nigerian sports betting website utilizes the latest HTML5 technology on its platform. This protocol allows you to access the bookmaker with any Android or iOS smartphone. You can even place multi bets at sportsbooks that feature mobile betting apps.
No, you shouldn’t expect to win each bet that you make, as sports betting is mostly about chance. You can have advanced knowledge about a sport and still lose a bet. That is because of the unpredictable nature of each sport, which mostly depends on the players’ ability and state of mind. So make sure to gamble responsibly when betting on your favourite sports.
Responsible Gambling
Regardless of how fun sports betting is, or how much experience you have, make sure to always gamble responsibly. This type of gambling is mostly based on luck and chance. Some knowledge can increase your winning odds, but at the end of the day, nothing is certain in sports.
You should always look at sports betting as a fun activity and not as a source of income. Before you start wagering, make sure to set a budget and stick to it throughout your betting session.
If you feel like you are becoming addicted to this type of gambling, then you must seek help. There are many independent organizations that can assist you in overcoming this major problem.
Bookmakers are also capable of helping you with your gambling addictions. They provide tools like deposit limits, wagering limits, self-exclusion, cool-off periods, and much more.
Recap of Multi Betting
As you can read in this multi betting guide, this type of sports wagering is providing some great benefits. It allows you to bet on multiple selections with the use of a single stake. This also means that you can win some very big payouts if your predictions of the matches are correct.
You can collect even bigger payouts thanks to the boosters that the top bookmakers offer. Multi betting is popular among all types of punters, especially at low rollers. It gives them a chance to win massive rewards with a significantly lower wager.
However, we must point out that the multi bets also come with a bigger risk, compared to single bets. So, be careful when you use them and remember to gamble responsibly.
Read review
Bet9ja Strengthen
- Over 100 betting markets
- In-play betting and live-streaming
- Amazing mobile betting app
Read review
22bet Strengthen
- Live betting and live statistics
- Over 100 betting markets on big events
- eSports betting
Read review
1xBet Strengthen
- A large number of betting markets
- Betting with cryptocurrencies
- In-play betting and live-streaming
