Multi Bets: Don’t Do It!

Here’s why – 10 leg multi – we have all done it we have all won some and we have all lost so many more thanks to that $1.20 favourite! To understand why we should never do these Multi’s we need to examine the odds of them and what they actually translate to in your actual winning percentage on an individual bet, but first how often do we see these posts on Facebook

“F*%$ you (insert team) you just cost me $800 on this 10 leg multi”

You then find the next 20 people saying yeah they stuffed me also, another 20 people saying not me I took the other team as I thought they where due. It’s a big vicious circle we hit one and think you beauty then lose the next 10 and wonder where the money went.

For simplicity sake we will look at a very basic 10 leg multi the odds we use and convert that to their true percentages and you will see why so many of these fail
Bet Slip

Legs

$1.30

$1.20

$1.15

$1.10

$1.20

$1.40

$1.25

$1.30

$1.50

$1.10

Total $8.90/1
Now all look pretty good all favourites top vs near bottom all should win……should.

Almost everyday in every sport there are multiple upsets it’s the nature of the games if all the favourites always won we would all be very rich.
We now need to convert those odds to a real chance of winning percentage
Legs

$1.30 77%

$1.20 83%

$1.15 87%

$1.10 91%

$1.20 83%

$1.40 71%

$1.25 80%

$1.30 77%

$1.50 66%

$1.10 91%
So in theory every $1.10 bet only wins roughly 90% of the time so 9 out of ten games the big underdog wins, and you can see the percentage changes with the dollar value the higher the leg price the more likely it is to lose. When you combine so many legs together its the old Murphy’s laws, one will get you in the end.
Multi bets are a bookies dream you are in the long run you will generally lose, there are very few people that can consistently make money this way. Instead of putting all your picks into a multi you are better off putting them into single bets so out lay 10 individual units on the singles your return is smaller but your losses will be much less also. Your 10 units on these bets might only return 2.8 units but if 1 leg is a loss you are still up.
Personally I don’t recommend every taking low odds bets nothing under $1.70 but preferably look for a game where you can back an underdog with confidence a game that the bookies have got wrong or is much closer than they predicted.
Too often we as punters are tricked by the odds given to us, as humans we can’t help it we see those odds and just think the team will win. We all need to dig a little deeper and try to find the edge that one or two markets that are in our advantage and bet accordingly and with the lessons we have learnt on bankroll management we should be having a cash flow heading in the right direction very soon!
#Puntr Team



Categories: opinion, resources

Tags: , , , , ,

%d bloggers like this: