Combination betting, also referred to as permutation betting, resembles accumulator and multiple wagering in that it requires wagers on multiple selections. An important distinction lies in the fact that obtaining a return does not require every single selection to be accurate.
Accumulator and multiple wagers are types of individual bets that comprise multiple selections. In order to receive a payout, each selection must be accurate. Permutation wagering consists of a series of wagers covering multiple selections in an infinite number of possible combinations; therefore, you can still receive a return even if some of the selections are incorrect.
A comprehensive understanding of the operation of this type of wagering requires, at minimum, an acquaintance with accumulators and multiples. Before proceeding, you should read the following article if you are not already.
Permutation wagering is predicated on increasing the likelihood of a profitable outcome when placing bets on multiple selections. By employing this strategy, one can still take advantage of the increased rewards provided by accumulators and multiples, while avoiding the potential loss of their entire stake in the event that a single selection fails. This is accomplished by coating your selections in various permutations.
One would place multiple wagers on their selections as opposed to a single wager. Consider that you have chosen four options. They are designated A, B, C, and D. A possible strategy is to wager an accumulator on all four selections, which would require the correctness of all four bets. Conversely, one might place a wager on every possible double (e.g., A & B, B & C, C & D) or treble (e.g., A, B & C, B, C & D, etc.).
By adopting this strategy, ensuring a return would require the correctness of only two of your selections, as you would guarantee a gain on at least one of your doubles. Permutation wagering serves as a means to mitigate the overall risk associated with placing bets on multiple selections.
To comprehensively elucidate the concept of permutation wagering and its associated advantages, it is most effective to illustrate its operation through concrete instances.
Example 1: Two examples
The initial illustration is predicated on placing bets on the subsequent two soccer matches.
One could potentially put a double wager on Swansea and Liverpool if they both appeared likely to triumph at home. Consider that you accomplished that with a $30 wager. Achieving victories for both teams would result in a return of $77.70, which encompasses your initial investment, for a total profit of $47.70. This compensation is calculated on the basis of odds of 2.59, as a double increases the likelihood of both of your selections.
One significant benefit of placing a single wager on both teams is an increased payout, which is a result of the possibilities of both selections being multiplied. The disadvantage is that both selections must be accurate. In the event that one of them suffers a loss, you receive nothing.
Consider the scenario where you have chosen to utilize permutation wagering to cover both selections. A cumulative sum of three bets would be required: one double, one single, and one on Liverpool to prevail over Swansea. Assuming an equal monetary investment, place a $10 wager on each of the propositions, totaling $30.