What types of bets are available to me? What types of bets are available to me?

What types of bets are available to me?

When placing a bet on a sports event in the "Sports" or “LIVE” sections on OlyBet, you can choose one of three types of bets:

  • Single bet
  • Multi bet
  • System bet

All these types of bets are available for both pre-match and live (in-play) bets. You can also combine pre-match events and live bets into one ticket.

What is a single bet?

A Single Bet is a bet on the outcome of one sporting event. There are three possible results when placing a single bet: Your bet can win, lose, or be returned. A single bet can include any type of market (team win, totals, handicap, etc.) on any event (Champions League, NBA, Elections, etc.). Example: You place a 5€ bet on the following event: Real Madrid v Barcelona. Barcelona win (W2). Odds = 2.45.

  • In the case of a 1 v 2 match result, the team you predicted to win wins. Your bet has won, and your game balance is credited with 12.25€ (5 x 2.45 = 12.25€).
  • In case of a 2 v 1 match result, the team you predicted to win loses. Your bet is lost.
  • If the event was cancelled and not replayed within 24 hours, then the amount of your bet will be returned to your balance within 24 hours.

 

How do I place a single bet?

To place a single bet on OlyBet, you need to do the following:

  1. Log into your OlyBet profile or create a new profile if you do not have one yet.
  2. Then you need to go to the "Sports" or "LIVE" section.
  3. Select the category you want (soccer, Serie A, politics, etc.).
  4. Click on the event you are interested in.
  5. Choose the market that suits you (team win, totals, handicap, etc.).
  6. Enter the amount of the desired bet.
  7. Click on "Place Bets".
  8. Done! You have successfully placed a bet. Good luck!

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What is a multi bet?

Multi bet is a bet on several events in which the odds of the events are multiplied among themselves. The minimum number of events in the express is 2, the maximum is not limited, however, please consider that the maximum odds may differ in each event. If at least one event in the multi bet loses, the entire bet loses. Multi bets can include any types of bets (team win, exact score, totals, etc.) on any events. However, it should be borne in mind that some bets may conflict between each other (for example: a win for two teams in one event at once), which makes it impossible to make a multiple bet. If one of the events is cancelled or calculated as a refund (with odds 1), then it is simply not taken into account in the bet. The odd of the multi bet will be reduced, but the bet itself remains in active.

Example:

You place a 5€ bet on:

  • Real Madrid v Barcelona. Real Madrid wins (W1). Odds = 2.70.
  • Juventus v Torino. Juventus wins (W1). Odds = 1.40.
  • Spartak v Lokomotiv. Draw (X). Odds = 2.85.

In this example, the total odds are 10.77 (2.7 x 1.4 x 2.85).

  • If all events end according to your forecast, then in this case, your bet wins and 53.85€ (5 x 10.77) will be credited to your game balance.
  • If at least one of these events ends with a different result, then your bet loses.
  • If one of the events is cancelled or postponed and is not replayed within 24 hours, your bet will be settled, but the cancelled event will be counted with odds of 1.

 

How do I place a multi bet?

To place a multiple bet on OlyBet, you need to do the following:

  1. Log into your OlyBet profile or create a new profile if you do not have one yet.
  2. You need to go to the "Sports" or "LIVE" section.
  3. Select the category or categories you want to place a bet on (football, hockey, politics, etc.).
  4. Select events you are interested in.
  5. Choose the markets that suit you (team wins, totals, handicap, etc.).
  6. Enter the amount of the desired bet.
  7. Click on "Place Bets".
  8. Done! You placed a multiple bet. Good luck!

 

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What is a system bet?

A system bet is a kind of complicated multiple bet. When placing a system bet, you can choose from 3 to 16 events and it is not necessary for all the events included in the ticket to be predicted correctly to win the bet, in contrast to the multiple bet. However, the odds in a system bet will be lower than in the multi bet with the same events (below you can find out how the system bet works in more details). Also, the winning amount may differ depending on the number of won / lost / returned events.

You can familiarise yourself with our system bet calculator by going to the sports betting page and clicking on the calculator icon Picture3.png in the right corner of the page. 

 

How does a system bet works?

A system bet includes a set of events that are combined into several multi bets, while the amount of the bet is equally distributed among all multi bets in the system. The name of the system bet consists of two numbers, for example "4 out of 5":

  • The first number (4) is the number of events in each of the multi bets of the system bet.
  • The second number (5) is the number of outcomes in the system bet.

That is, there are only 5 outcomes in the “4 out of 5” system bet, which are combined in a multi bet of 4 events in each. There are 5 multi bets in total. In this case, for your bet to win, at least 4 out of 5 selections must win. Then, in your system bet, 1 out of 5 express bets will win.

Below is a table of dimensions. The horizontal shows the number of events in one combination, and the vertical indicates the number of outcomes in the system bet. For example, "4 of 8" is in the fourth column of the eighth row. That is, the table shows that there are 70 combinations in this system bet. The minimum bet on a system bet is equal to the number of combinations in the system bet, but the bet amount must not be less than 0.30€. That is, making the system bet "5 out of 8" the minimum bet will be 0.70€ (0.01€ for each combination).

 

2

3

4

5

6

7

8

9

10

11

12

13

14

15

3

3

 

 

 

 

 

 

 

 

 

 

 

 

 

4

6

4

 

 

 

 

 

 

 

 

 

 

 

 

5

10

10

5

 

 

 

 

 

 

 

 

 

 

 

6

15

20

15

6

 

 

 

 

 

 

 

 

 

 

7

21

35

35

21

7

 

 

 

 

 

 

 

 

 

8

28

56

70

56

28

8

 

 

 

 

 

 

 

 

9

36

84

126

126

84

36

9

 

 

 

 

 

 

 

10

45

120

210

252

210

120

45

10

 

 

 

 

 

 

11

55

165

330

462

462

330

165

55

11

 

 

 

 

 

12

66

220

495

792

792

792

495

220

66

12

 

 

 

 

13

78

286

715

1287

1716

1716

1287

715

286

78

13

 

 

 

14

91

364

1001

2002

3003

3432

3003

2002

1001

364

91

14

 

 

15

105

455

1365

3003

5005

6435

6435

5005

3003

1365

455

105

15

 

16

120

560

1820

4368

8008

11440

12870

11440

8008

4368

1820

560

120

16

Example:

You place a 3 out of 4 system bet of 5€ on the following events:

  • Real Madrid v Barcelona. Real Madrid wins (W1) wins. Odds = 2.70.
  • Juventus v Torino. Juventus wins (W1). Odds = 1.40.
  • Chelsea v Atletico Madrid. Atletico Madrid wins (W2). Odds = 2.35.
  • Zenit v Spartak. Draw (X). Odds = 3.20.

There are 4 combinations in this bet. That is, the amount of your bet is equally divided between 4 combinations (multi bets), 1.25€ for each combination. To win this bet, it is enough to correctly predict only 3 events out of 4. Below you can see all combinations (multi bets) that are formed in your system bet, as well as the coefficient of each of them.

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Simply put, you make 4 express bets of 1.25€ each (5€ / 4), where each bet contains 3 events.

  • If the result of all events is the same as you predicted, then in this case, all combinations will win, and you will receive a maximum win of 64.74€ ((1.25 * 8.88) + (1.25 * 12.09) + (1.25 * 20.3) + (1.25 * 10.52)).
  • If one event from the bet loses, the bet will still be calculated as a win, but the amount won will depend on which event lost (you can check the result in the system bet calculator).
  • In case of return (void) of one or more events, but the rest of the events will remain active, your bet will be settled as a win, but the amount of the win will depend on which event was voided (you can check the result in the system bet calculator).
  • If more than one event loses in the bet, your bet will be settled as a loss.

 

How do I place a system bet?

To place a system bet on OlyBet, you need to do the following:

  1. Log into your OlyBet profile or create a new profile if you do not have one yet.
  2. Go to the "Sports" or "LIVE" section.
  3. Select the desired category / categories (football, hockey, politics, etc.) of bets.
  4. Select at least 3 desired events.
  5. Choose the markets suitable for you in each of the events.
  6. Specify the type of bet as "System".
  7. Select the type of system bet (2 out of 4, 3 out of 5, 9 out of 12, etc.).
  8. Use the system rate calculator if necessary.
  9. Enter the amount of the desired bet.
  10. Click on "Place Bets".
  11. Done! You have placed a system bet. Good luck!

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