Parlay wagers allow punters to win an extremely high amount on the back of a small bet. In some cases, punters take home millions in a $10 chance. However, the higher the potential profit, the more difficult it is for a punter to win the wager. Mix parlay wagers have become a popular betting option among bettors across the globe looking to win big. However, winning big may not always be the best betting strategy for punters looking to win when making sports wagers in 2022.
What Is a Mix Parlay Bet?
A mix parlay wager is an accumulator bet that requires a punter to win all their predictions for the parlay wager to payout. A punter can include any number of chances as part of the parlay bet. However, a punter must consider making those wagers across two or more sporting events. A Mix parlay can feature stakes across different sporting events such as horse racing, swimming, boxing, football, golf, tennis, motorsports, esports, and other events.
Features Of a Mix Parlay Bet
Some of the critical features of a mix parlay bet include a mixture of different sports, similar to regular parlay wagers, an extremely low probability of winning the bet, the length of the parlay, and the types of stakes included in the parlay.
1. Must Include a Mix
The main essential feature of a mix parlay wager is the composite component attached to a regular parlay wager. A standard parlay wager features a bet on more than two different events within the same sport. Meanwhile, a mix parlay wager has two or more separate events across two or more types of sports. The main feature that makes a mix parlay is making wagers on different sporting events and requires punters to be specialists and generalists across other sports.
2. Similar Features To Regular Parlay Bets
Mix parlay bets share several same features as parlay bets. A punter needs to include a sequence of three or more games for the wager to be considered a parlay wager. The difference between regular parlay wagers and mix parlay wagers is the type of games included in the parlay. A mix parlay wager constitutes two or more different games or sporting events, while a regular parlay wager can be several wagers from the same sport or event. For example, a mix parlay constitutes wagers in a football, cricket, and basketball game. In contrast, a regular parlay wager usually includes several wagers from different games, all within the same sport.
3. Extremely Low Probability
Most punters have a low probability of winning mix parlay wagers because punters need to be experts across multiple sports to make wagers on different sporting events. The payout on a parlay wager is conditional on a punter winning all the bets in the parlay. A single loss or wrong prediction results in a punter losing the entire parlay. Mix parlay wagers are also harder to predict versus regular parlay wagers because a punter needs to be an expert in more than two different types of sports or events.
5. Length Of The Parlay
The length of a parlay wager impacts the payout, the probability of winning, and the risk level in any group of bets. For example, a punter is more likely to win a parlay with only four matches but a lower probability of winning ten games. As the number of games included in a parlay increase, so does the level of risk. A punter also has a lower probability of winning a higher profit with more games included in a parlay wager.
6. Types Of Wagers Included In The Parlay
The types of wagers in a parlay directly impact the payout a punter can expect from winning a parlay wager. For example, if a punter makes wagers on multiple unlikely outcomes in a mix parlay, then the likelihood of the punter winning the parlay is low. However, because the probability of winning the mix parlay is low, a punter is compensated with a higher high payout if all wagers in a mix parlay have accurate predictions.