It doesn’t matter who you ask; placing a multi-bet is the most popular option for Australian punters and with good reason.
It allows punters to invest in many different sports betting and horse racing options for a low cost. The returns are potentially huge and that’s the main drawcard for multis.
However, there are some things punters need to know before placing a multi or a same-game multi, so we look at it entails and the advantages of them.
You can multi-bet and same-game multi with any of Australia’s best bookmakers and betting sites.
What is a multi bet?
A multi is when you put multiple options into one bet. Instead of putting $10 on the Brisbane Broncos to win at $1.80 in the NRL and then another $10 on the Collingwood Magpies to win at $2.30 in the AFL, a multi puts one $10 bet on the Broncos and Magpies for a bigger return.
Most online bookmakers allow up to 10 options for any single multi bet and some payouts are capped at $250,000. However, that hasn’t stopped anyone from placing a multi bet more than once to get an even bigger collect.
The reason why multis are so popular is because the odds are multiplied by the odds of the next option. Therefore, a $10 bet on the above multi returns $41.40 ($1.80 x $10 = $18 x $2.30 = $41.40).
A punter could put $10 on the Broncos, take the $18 return and put it on the Magpies for the same result. However, if the games run concurrently, that’s impossible. The odds stay the same, but multis are more convenient and the odds for the second game are locked in.
It’s also easier if you plan on backing multiple teams or horses. It takes less time to build a multi bet than it does to wait for the game or race to end, and then reinvest.
We have to advise that multis aren’t for everyone. If you correctly predict 2/3 in your multi, you lose. Had you backed all three games as single bets, you would profit (depending on odds). Therefore, it’s best to back your best bets as single bets and include them in multis as well.
We hate seeing a big multi ruined by a $1.30 chance just to boost the price. So carefully pick your bets and don’t throw short-priced favourites into the mix to increase payouts; it’s not worth the risk.
Overall, multis are popular and there are many success stories of small wagers returning massive profits.
What is a same-game multi?
A same-game multi is just like a normal multi except it’s a multiple-option bet within the one game.
For instance; punters can place a multi bet on the Collingwood Magpies to win the game outright, the total points in the game, the first goal scorer and time of the first goal.
It’s an excellent way to boost your payouts, and although there are some exceptions, it’s a good-value betting strategy.
You can’t put a head-to-head and points spread line in a same-game multi because they are related outcomes, but most options are fair game. There have been massive same-game multis land in the last few months and there is usually a try or goal scorer involved, which boosts payouts.
We love a same-game multi and it’s all the craze at the moment.