What is a Combo Bet? How to Read Combo Odds?

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If you are involved in sports betting at an australian bookmaker , you must know about placing combo bets at BK8. If you are new to this type of bet or don't know much about it, follow the article below for definitions, examples, and useful tips.
What is a Combo Bet?
A combo bet is a type of wagering in gambling and sports betting, commonly used in soccer, that combines two or more straight bets (also known as single bets) together. To win this type of bet, players must correctly predict the outcomes of multiple soccer or basketball games or events, such as the team to win, the exact score, or related events like corners, throw-ins, etc. Compared to straight bets, combo bets usually have higher odds, mainly because of the difficulty of predicting multiple sporting events accurately.
How to Read Combo Odds?
To read combo odds, players first need to understand how to read the straight bets that make up the combo bet. Straight bets are usually presented with three figures: the odds, the handicap, and the score. The following explains each of these figures:
The odds are the betting ratio between two teams or two possible outcomes of a game. For example, if the odds are 1.5, this means if you bet 100 dollars and win the bet, you will receive 100 x 1.5=150 dollars, including your original stake.
The handicap is the adjustment of the number of points or goals given to the weaker team to even up the odds. The handicap can be expressed as a number of goals (+1, +2, +3, etc.) or points (-0.5, -1, -1.5, etc.). Adding a handicap provides an advantage to the weaker team, and subtracting it reduces the advantage of the stronger team.

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The score is the bookmaker's prediction of the final result of the game.
Example of a Combo Bet:
To better understand this type of betting, let's use a simple example. To read this type of bet, players need to check each straight bet in the combo bet.
Straight bet 1: Manchester United to win with 1.8 odds and a -1 handicap.
Straight bet 2: Chelsea to win with 2.0 odds and a -0.5 handicap.
The combo bet combines these two straight bets. To win this combo bet, you need both predictions to come true: Manchester United to win by at least two goals, and Chelsea to win by any margin. The odds of the combo bet would be 1.8 x 2.0=3.6. If you bet 100 dollars and both predictions are correct, you will receive 100 x 3.6=360 dollars, including your original stake.
In reality, this type of bet can combine many different details, making the odds calculation more complicated. Therefore, in order to read this type of bet accurately, players need to understand the rules of the bookmaker or the betting system they are using.
Illustrative example of Handicap Bet
How to effectively place Handicap Bets
In fact, there is no 100% standard formula for placing a 100% effective bet. Everything is a synthesis formula. If players want to increase their chances of winning, they must apply many formulas and perform them many times.
Among them, the most important step is to choose a reputable bookmaker so that players can access high-quality betting odds. The current betting market does not lack reputable names, but it is also full of "shoddy" bookmakers, so players need to be careful.
Experience in placing Handicap Bets accurately
However, below are some simple but extremely effective tips to increase the chances of success when placing handicap bets that new players can apply.
Learn about sports events
This job includes researching thoroughly about the matches that need to be bet on, reading statistics, analyzing, predicting, and comparing the results of teams or individuals.
These pieces of information will help you make more accurate decisions when placing bets. The more you read, the more information you will have to choose from and make decisions.
Effective management of betting capital
Determine the amount of money you will use to place bets and set a limit for each match.
Players should bet an amount of money that is appropriate to their financial ability and should not rush to bet too much money on one match.

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Determine basic options
As we have presented, do not place bets based on intuition or anything without a basis.
What is important is that players must determine how they predict the outcome of the match, what the odds are.
Then consider other factors that affect the match such as:
Weather conditions
The time the teams enter the field
The condition of players' injuries
The starting line-up
These factors can affect the final result of the match and help players make more accurate decisions.
As you can see, Handicap bets are not too difficult to understand, grasp, and play. So, next time when you choose a reputable bookmaker, try your luck with this type of bet. Surely you will not be disappointed.