When it comes to betting, developing and following a specific strategy is necessary, especially if your goal is to earn money. This is also applicable if you place a wager on sportsbook Malaysia for games such as football, basketball, horse racing, etc. But for some casino games like roulette, luck plays the biggest role. The same thing goes for parlay betting.
If you are wondering what the riskiest betting strategies are, parlay can easily be included in the list. A parlay bet refers to combining multiple wagers into one chance. This is done by rolling over each winning a stake into the bet’s next leg. The rules of parlay state that each leg or individual bet in the parlay must win for it to be graded as a winner. On the other hand, if one wager loses, then it only means that the whole parlay loses.
Parlay betting is also known as accumulators or multis, depending on the sportsbook or region where it is used. But no matter what name it takes, the rules will always be the same. This strategy may be known as one of the riskiest, but it sure is among the most rewarding. Many parlay winnings started with a low stake and won over thousands and millions of dollars.
One example of the biggest parlay bet wins is Steve Whiteley, who won £1,445,671.71 in a horse racing parlay. Whiteley is a heating engineer in North Tawton who know nothing about horse racing and has only visited the track a few times per year.
Whiteley did not have any inside knowledge or tips about the horses. Instead, he placed his bets based on the horses or jockeys’ names. But when he visited the Exeter race course in March 2011, he betted on the Tote Jackpot. The goal was to predict six winners on a card to win the jackpot, and Whiteley placed six bets at random. But through luck, Whiteley was able to bag the biggest parlay win in horse racing history.
Apart from Whiteley, Fred Craggs, BetMGM Bettor, and an anonymous bettor are also included in the list of the biggest parlay bet wins. If you want to know more about them, you may continue reading through this infographic by CM2BET.
