What is an accumulator bet (acca, parlay)?
An accumulator bet, also known as an acca or parlay, is a type of bet in which multiple selections are combined into a single wager.
For the bet to win, all individual selections (legs) must be correct. The odds of each selection are multiplied together, resulting in higher potential payouts compared to single bets.
How does an accumulator bet work?
An accumulator bet works by linking several individual wagers into one. For example, you might combine bets on the outcomes of five different football matches. If all five predictions are correct, the winnings from one leg are rolled over and multiplied by the odds of the next leg. However, if even one selection loses, the entire bet is forfeited.
Why use an accumulator bet?
Accumulator bets are popular because they offer the chance to win significant returns from a relatively small stake. By combining multiple events, bettors can access higher payouts than betting on each event individually. Accumulators are particularly favored in sports like football, tennis, and horse racing.
Examples of accumulator bets.
- A bettor selects four football teams to win their respective matches. The combined odds create a higher potential payout than placing four separate bets.
- In horse racing, a bettor predicts the winners of three different races. If all three selections win, the bettor receives a large payout.
- A tennis fan bets on the outcomes of multiple matches in a Grand Slam tournament. If all the chosen players win, the accumulated odds result in a substantial return.
Advantages of accumulator bets.
- Higher potential payouts: Combining multiple selections increases the odds and potential winnings.
- Low stakes, high rewards: Accumulators allow bettors to win large sums with smaller stakes.
- Excitement factor: With each successful leg, the anticipation builds as bettors approach a bigger payout.
Disadvantages of accumulator bets.
- High risk: If one selection loses, the entire bet fails.
- Complexity: Managing and tracking multiple selections can be challenging, especially for newcomers.
- Lower probability of success: While payouts are higher, the chances of winning decrease with each additional selection.
Tips for iGaming brands.
- Offer competitive odds: Competitive and transparent odds attract accumulator bettors.
- Promote accumulator insurance: Many brands offer promotions where a bettor’s stake is refunded if only one leg of their accumulator fails, providing extra incentive for players.
- Enhance UX for accas: Simplify the process of creating and tracking accumulators in your platform, especially for mobile users.