Multi Bets in New Zealand: What a Multi Actually Costs the Punter

Updated October 2026

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A multi bet looks generous on the betting slip because the multiplied odds stretch the headline price far past anything a single selection can offer. Three legs at $2.50 each print a tidy $15.63 to a $10 stake. Four legs and the price balloons again. The number that catches the eye rarely survives a moment of honest reading, because the only thing larger in a multi than its headline return is the chance that none of it gets paid out at all. This page is a cost-led walk through how multi bets work in New Zealand, what they actually pay, and the single name on the other side of the slip when you place one.

[Data accurate as of October 30, 2026, checked against the Department of Internal Affairs and Racing Industry Act 2020 licence information.]

Multi bets are openly available from the only two online brands law permits to serve New Zealand punters, TAB and Betcha, both operated by TAB NZ under its long-term partnership with Entain. Offshore brands also list multi bet markets and will accept New Zealand accounts, but they sit outside New Zealand’s regulatory perimeter. The page measures all of them on the same points and is honest about which two are the lawful route.

Selecting the Best Multi Bet Sites in New Zealand

The legal seat is narrow, the bench is long. Two operators — TAB and Betcha — are the lawful New Zealand bookmakers; the other eight names on this list run offshore and accept New Zealand accounts under licences that give them no right to do so. Each is rated on the same five points: multi-bet product, in-play coverage, mobile app quality, payment range and the operating company behind the brand.

Reading the column straight: every brand past the first two sits outside the only safety net that catches a New Zealand account — the harm-minimisation tools TAB NZ lists in its apps (deposit limits, time-outs, self-exclusion across both TAB brands), the regulator line back to the Department of Internal Affairs, and the gambling helpline at 0800 654 655 (text 8006). Offshore platforms offer their own safer-gambling controls, sometimes more granular, but a punt in New Zealand dollars that goes wrong with one of them cannot be walked back through a New Zealand complaint.

The right column says what the operator’s own terms publish about multi bets. TAB NZ’s published betting rules define Multis and Same Game Multis alongside singles; that is the lawful standard. The offshore brands each describe accumulators, combos or multibets in their own way, and none of those descriptions changes who can take a New Zealand bet.

What a Multi Bet Actually Is — and Why the Headline Price Misleads

A multi bet — TAB NZ calls it a Multi, the rest of the world calls it an accumulator, a parlay, an acca or a combo bet — is one betting slip that links two or more individual wagers, called legs. The bet wins only if every leg wins. A losing leg loses the whole slip. A leg that ties (a push) is removed from the slip and the payout odds fall to match the remaining selections.

That second sentence is where the misreading starts. The multiplicative power of decimal odds is genuinely large: three legs at $2.50, $2.00 and $1.80 pay $13.50 to a $10 stake. Five legs at $1.50 each pay $7.59. The same five-leg multi at $2.50 each pays $97.66. The price grows fast because the product grows fast. What the price hides is what it costs to make it grow that way. Each additional leg adds another condition that the punter must be right about, and the bookmaker’s margin sits inside every one of those individual odds. A multi of five $1.50 legs does not pay a fair 7.59 — it pays whatever the bookmaker’s accumulated margin trims it down to.

The fair multiplier for five even-money legs with no margin at all is 32. A margin of 5% on every leg will drag that 32 down toward the high teens; a margin of 8% on every leg does worse. The product the slip prints is the gross price, not the price a punter receives in expectation. Expected return is rarely the headline return; expected return over a string of multis almost never is.

The mechanics of a multi, set out plainly

A multi is a single bet, not a chain of independent bets. The stake goes in once. The return is computed once. There is no rollover. If the first leg loses, nothing is carried forward to the second, because there is no second bet to carry it into. This is the same mechanics that makes a multi a high-variance product: a five-leg multi that loses its first leg returns exactly zero, the same as a 2-leg multi, the same as a 2-leg multi where the second leg might have won. The bonus the headline price offers is paid for by the wide distribution of outcomes around it — most of which sit at zero, some of which overshoot.

A same-game multi is a multi whose legs all come from one event. Its payout works exactly the same way: the odds of the legs multiply. The legs are typically correlated (a team winning by more than a certain margin is correlated with the over on total points, for example), and that correlation is the bookmaker’s friend, not the punter’s. Same-game multis almost always carry a wider margin than a multi built from independent events — the same five-leg price on independent football matches can sit closer to the product of fair odds than the equivalent same-game multi, where the bookmaker has more room to compress the line.

Full cover bets — Trixie, Yankee, Heinz and the rest

A full cover bet is a packaged set of multi bets built from a fixed set of selections. A Trixie covers three selections in four bets (three doubles and one treble). A Yankee covers four selections in eleven bets. A Heinz covers six selections in fifty-seven bets. A Super Heinz covers seven selections in one hundred and twenty bets. These are not “more leg” versions of a multi; they are combinations of multis, so a single losing leg does not reduce the entire stake to zero — only the bets that include that leg lose. The total outlay is larger because every combination is funded as its own bet. A $1 Yankee costs $11; a $1 Heinz costs $57; a $1 Super Heinz costs $120.

Full cover bets are available on the major New Zealand-facing books but are a smaller share of total turnover than a simple multi. They suit a punter who wants a partial payout if one leg drops without paying the full premium of a longer multi.

How a Multi’s Return Is Worked Out

For a multi at decimal odds, the payout odds are the product of the odds of every leg. Two legs at $1.80 and $2.10 give payout odds of $3.78. Three legs at $1.80, $2.10 and $2.50 give payout odds of $9.45. Every additional multiplies into the same product.

Net profit on a winning multi is the stake multiplied by the payout odds minus one: a $10 stake at payout odds of $9.45 returns $94.50, of which $84.50 is net profit. Total return to the punter’s account is the stake plus net profit, $104.50 here. The stake is included only because the formula multiplies by payout odds and that product already includes returning the stake; subtracting the stake gives the profit alone.

The same arithmetic drives the multi strategy across the industry: even if each leg is a near 50/50 bet, the product price is large enough to look attractive, and the headline does its work before the probity check runs. The probity check is simple — multiply the implied probabilities of every leg and you get the implied probability the bookmaker has priced the multi to. A three-leg multi of $1.80, $2.10 and $2.50 has implied probabilities of roughly 55.6%, 47.6% and 40.0%, multiplied to give around 10.6%. The bookmaker’s price implies a 10.6% chance of all three winning. The true probability, after the margin sitting inside each leg, is lower. That gap is what the multi costs.

The formula does not change for a same-game multi, a full cover bet or a multi built across racing. The mechanics stay identical: multiply the decimal odds, subtract the stake to find net profit. Where same-game multis differ is in the margin carried by each individual leg, not in the payout formula.

The Cost of a “Sure” Multi and a “Locked-In” Multi

Punters search for “10 sure multi bet” and “best multi bets this weekend” because they want a price that is already pre-checked. There is no such thing. A multi is a string of independent bets folded into one slip; no source of form, no tipster with a verified record, no algorithm with a back-tested model can make three probabilistic events more likely than the product of their own probabilities. The market adds the margin on top, and “sure” is the word marketing uses when the marketing wants a click.

A “locked-in” multi is one offered by an operator at a boosted price. Boosted odds on a multi usually mean a small uplift on the product price, sometimes 5% to 25%. The uplift looks free; it is paid for out of the margin the operator may also be widening on the underlying legs, or out of a maximum stake cap that limits how much the boost can cost the bookmaker. A boost only ever helps on a winning slip, and a winning multi with a boost on it pays out at the boosted price, with the original stake returned. A boost cannot reach into a losing slip and revise history.

Strategies built around “best multi bet tips today” or “afl multi bet tips” search for the highest-quality legs to feed into the product. The quality control helps, but the structural cost of the multi stays structural: every leg added is another condition that must be met, and every condition carries the bookmaker’s margin. A punter who wants to lower the cost of a multi is a punter who wants fewer legs and tighter probabilities, not more legs at better prices — because lower probabilities carry larger implied margins and dilute the product faster than they save the price.

Bankroll and Turnover When a Multi Is the Strategy

A punter running multis through a betting bank faces a different volatility profile than a punter running singles. Multis have a long right tail — every so often they pay a large multiple of the stake — and a heavy mass around zero. A bank sized to absorb twenty losing multis in a row is needed for a punter who intends to clear a small edge into a meaningful payout; smaller banks need shorter multis at higher individual probabilities.

Matched-betting searches point to multi accounts held across several offshore books, where a punter uses the bonus offers of each to extract returns (no return is guaranteed; offshore operators offer no payout guarantees) by laying the opposite side of a multi on a betting exchange. The matched-betting model relies on three pieces being available: a bonus, a backable multi at predictable odds, and a lay market at close to the same odds. None of the New Zealand-regulated brands runs that kind of promotion through an arrangement an ordinary punter can mirror; TAB NZ’s “bonus bets” promotions are TAB NZ’s own design. The offshore books where matched-betting frameworks are typically run sit on the same list of un-licensed operators written about elsewhere on this page.

Bonuses and Free Bets Attached to Multis

TAB NZ runs occasional “bonus bet” promotions that pair a multi of selected legs with a free-bet refund if one leg drops. The mechanics are simple: place the qualifying multi, lose by one leg, receive a bonus bet of a stated amount. The bonus bet carries TAB NZ’s own wagering terms, which are published with the promotion. No New Zealand rule on bet-bonus size or wagering terms was published, so the only constraint is the operator’s own terms.

Free bets and bonus bets are not the same as a cash refund. A bonus bet pays out only the profit at the price it lands on, with the stake not returned. A $10 bonus bet at $5.00 pays out $40 in profit but does not return the $10; cash in hand is $40, not $50. The arithmetic on a free bet is the only arithmetic that matters when comparing offers: a $20 bonus bet at minimum odds of $1.50 is worth its value discounted by the gap between minimum odds and the price the same selection might have carried had the punter bet cash. The honest reading of a “free” bet is a bet that pays profit only, at a price the bookmaker has set, with the stake unwaged.

A cash bonus — for example a 100% deposit match — carries different arithmetic. The bonus needs to be turned over a stated number of times at minimum odds before any of it can be withdrawn. A 100% bonus of NZ$200 with a 5x turnover requirement on the bonus alone produces NZ$1,000 of betting that needs to clear, at minimum odds TAB NZ sets for the promotion; any bet below that price does not count. The expected cost of clearing the bonus is the NZ$1,000 turnover multiplied by the margin on the markets the punter bets through; an average margin of 6% implies an expected cost of NZ$60 in house edge across the clearing period, before any profit is realised.

“Refunded bet” is the marketing word for a bet whose loss is refunded as a free bet — not as cash. The refunded value comes back as a bonus bet with its own terms, so the punter’s “refund” is one cycle removed from a cash refund and worth less by the stake-not-returned rule.

Multi Bet Selection: Singles, Doubles, Trebles and Same-Game Multis

TAB NZ’s published betting rules define a multi as several selections in one bet, with a same-game multi taking its legs from a single event. A single is one selection. A double is two. A treble is three. Same-game multis stretch across markets for one match: team to win, total points over a line, first goalscorer, both teams to score. Each leg pays at its own decimal odds and the product becomes the price of the multi.

The legs do not all have to come from the same sport or code. A multi can mix rugby, basketball and racing; the product price is the same. What changes is the implied margin of the legs, which carries through into the product. A wide range of sports under multi coverage is one of TAB NZ’s selling points, alongside the limit on what counts as a “sport” under the Racing Industry Act (esports is not, as the law stands, settled).

The Legal Frame Around Multi Bets in New Zealand in 2026

New Zealand gambling law treats online sports and racing betting as the preserve of TAB NZ. Section 74AAA of the Racing Industry Act 2020, in force since 28 June 2025, says no person other than TAB NZ may offer racing betting, sports betting, or other racing or sports betting to a person in New Zealand, regardless of where that person is resident or incorporated. The Department of Internal Affairs told unlicensed providers to withdraw with immediate effect; no new bookmaker licence can be applied for because there is no licensing regime beyond this one lawful provider. TAB and Betcha are the two online brands of TAB NZ, run under the 25-year partnership with Entain signed in 2023 that gives Entain a 50/50 share of gross profits and at least NZ$150m a year to TAB NZ for the first five years, with Entain pledging a one-off NZ$100m payment to the racing sector.

The law puts liability on the operator, not on the player. Section 19(4) of the Gambling Act 2003, inserted in 2025, says an individual may not be convicted for placing a bet with an offshore betting operator in breach of section 74AAA. No published penalty for a player was found. The law targets the bookmaker; DIA warns players of the risks of betting offshore; the warning includes that the operator’s own jurisdiction may have minimal consumer safeguards, may not return unspent credits and may not pay out large wins.

The Online Casino Gambling Act 2026 licenses online casino gambling only; it does not extend the sports-betting monopoly. TAB NZ winning the right to apply for a casino licence is not a right to take sports bets from another operator. Greyhound racing closes in stages from 1 August 2026, and from that date an offshore bookmaker may not take bets on greyhound races either. The ban covers events held inside and outside New Zealand.

TAB NZ’s published betting rules list the bet types: Win, Place, Each Way, Quinella, Exacta, Trifecta, First Four, Double, Treble, Daily Double, Running Double, Quaddie, Big6, Multis and Same Game Multis. Live betting is in the TAB NZ apps; any statutory restriction on in-play markets is not established. No lawful New Zealand betting exchange exists; spread betting is outside TAB NZ’s sports-betting definition. Bets on politics and novelty markets are not established. There is no statutory per-bet cap; limits come from TAB NZ’s own terms.

Who is allowed to bet

The age for TAB NZ betting is 18; betting under 18 is an offence under section 89 of the Racing Industry Act 2020. Land-based casinos are 20. TAB NZ accounts need a verified New Zealand address and ID; an exclusion applies across both TAB NZ brands. TAB NZ pays a Problem Gambling Levy of 0.74% (in force from 1 July 2025 to 30 June 2028).

Tax on winnings

Inland Revenue guidance says recreational gambling winnings are generally not taxable and prize money from TAB horse, dog and trotting races is not taxable. A punter whose betting constitutes a business is a different case. On the operator side, overseas operators supplying New Zealand residents pay online gambling duty (12% of profits since 1 July 2024, 16% from 1 January 2027), but a duty being payable does not make an offer lawful; “offshore operator paying tax” is not “offshore operator legal in New Zealand”. The point-of-consumption charge on offshore racing and sports bets ceased on 30 June 2026.

Safer Gambling Around Multi Bets

Multi bets suit short sessions and small stakes precisely because they concentrate risk into one slip. They are a poor fit for chasing a loss: a punter on a losing streak has nothing working in their favour by adding more legs to multiply what is already a low-probability event, because each new leg carries a margin that widens the gap between the price on the slip and the price a fair market might offer.

TAB NZ publishes deposit limits, time-outs and self-exclusion across its apps, and the exclusion covers both brands (TAB and Betcha). The free Gambling Helpline (0800 654 655) and the text line 8006 are the direct route to a counsellor. Safer Gambling Aotearoa is the government-funded body that runs education and treatment services. There is no single national online-betting exclusion register; the register the casino law will require is for online casinos only.

Offshore brands each run their own safer-gambling tools, sometimes more granular. A punter whose self-exclusion covers TAB NZ will not be self-excluded across an offshore book; the controls need to be set with each brand separately. The same is true for deposit limits: there is no New Zealand-level cap on what any single book may take, and offshore books set their own.

Advertising and Promotion Rules Around Multis

The Advertising Standards Authority’s Gambling Advertising Code applies to betting advertisements. Ads must not target children (under 14) or young people (14 to under 18), judged by context, appeal and expected audience (25% or more of the audience counts as significant where accurate data exists). Ads must not encourage harm and must be truthful with terms available. There is no New Zealand equivalent of a “whistle-to-whistle” ban for betting; the structure of NZ sport is broadcast on free-to-air television in any case.

TAB NZ runs “bonus bets” promotions; no New Zealand rule on bet-bonus size or wagering terms was found, so the constraint is the operator’s own terms. The monopoly on betting providers means affiliate marketing of another brand’s sports betting is the area DIA has flagged most clearly: the prohibition covers offering betting to a person in New Zealand, and the regulator’s reading extends to a substantial slice of in-bound promotion.

Each Brand in Detail

What follows is a per-brand read on multi bets and the operator’s wider product, with the same five points applied to each: multi-bet product, in-play coverage, mobile app quality, payment range and the operating company behind the brand. The first two brands are the lawful New Zealand options; the other eight sit outside New Zealand’s regulatory perimeter.

TAB — the only nationwide multi-bet platform

TAB has been the public face of New Zealand betting since the tote era, and the brand predates decimal odds as a writing convention. Under the Entain partnership from 2023, TAB NZ runs the betting business and Entain runs the platform technology, with TAB NZ receiving at least NZ$150m a year of gross profits for the first five years of the deal. The betting rules list Multis and Same Game Multis alongside the racing-only bet types, which is the lawful standard for any multi-bet product in New Zealand.

The TAB – Racing & Sports Betting app is on the New Zealand App Store under the seller name New Zealand Racing Board; the app was first released on 8 September 2014 and has been updated continuously since. The app contains deposit limits, time-outs and self-exclusion, with the helpline 0800 654 655 and the text line 8006 listed in the safer-gambling section. The Entain platform gives the app live in-play coverage and same-game multi markets across the major codes TAB NZ carries, plus Boosted Odds on selected events.

TAB is the only brand here that can offer New Zealand punters a multi at every level of the betting rules, with a regulator line back to the Department of Internal Affairs and a complaint mechanism through TAB NZ itself. The lack of competition on price is the trade-off for the monopoly’s consumer protection.

Betcha — the social face of TAB NZ

Betcha is the second of the two online brands of TAB NZ and runs the same Entain platform under the same TAB NZ licence. The product is pitched at a younger punter than TAB and adds social features the parent brand does not. The daily Toolbox runs odds boosts and insurance tools that refund losing bets that miss by a single leg. Bet Social is an in-app feed where punters chat, follow tipsters, share bets or build pools. Playbook provides tips and match analysis fed into the betting interface.

The Entain platform power and the same betting rules apply. Multi bets and same-game multis are the same product under a different brand frame. The safer-gambling tools — deposit limits, time-outs, self-exclusion — operate across both TAB and Betcha because both are TAB NZ brands. If a punter self-excludes at TAB, they are excluded at Betcha too. Betcha is not a competitor of TAB in any commercial sense, only a second shopfront for the same operator.

Telbet — crypto sportsbook, no New Zealand licence

Telbet markets itself as a crypto casino and sportsbook and runs a welcome offer of 200% up to 1 BTC plus 50 free spins and a 5 USDT free bet on its Russian-language site. The English site leads with a sportsbook product. Multi-bet functionality is standard for a crypto sportsbook, with same-game multi available on the major football codes.

The brand names no licence that applies in New Zealand. A New Zealand punter using Telbet cannot walk a complaint back to the Department of Internal Affairs, cannot trigger a TAB NZ self-exclusion across the brand, and has no guarantee that the operator’s safer-gambling controls apply in the way TAB NZ’s do. The crypto rails are fast and low-cost at the deposit and withdrawal stage; the trade-off is the absence of a New Zealand regulator in the dispute path.

BetAlright — broad market list, no New Zealand licence

BetAlright accepts customers aged 18 and over and runs a separate partners site at partnersbetalright.com. The site is built on a standard offshore sportsbook template with multi-bet and same-game multi markets across football, basketball and the major US codes, plus live in-play coverage.

The brand names no licence that applies in New Zealand. The 18+ threshold is a statement of the operator’s terms, not a New Zealand regulatory ceiling — TAB NZ applies the same 18, the land-based casinos apply 20. The partners site is an affiliate channel; a punter reading the affiliate page is not on the betting site, and the offer wording lives on the BetAlright affiliate site terms rather than TAB NZ’s.

BigClash — pre-match, live, virtuals and esports

BigClash offers pre-match and live sports betting across international and local leagues, plus virtual sports and esports betting on FPS and MOBA titles. The Curaçao licence 8048/JAZ gives the brand a regulatory home but no right to take bets from people in New Zealand. Multi-bet markets across football, basketball and the major US leagues are standard.

The esports and virtuals sets are the differentiator. A punter looking for an esports multi finds more on BigClash than on TAB NZ, where the regulation is unsettled. The base of New Zealand consumer protection is lower than TAB NZ’s; the product variety is higher.

BillyBets — three odds formats, broad coverage

BillyBets offers decimal (2.00), American (+100) and fractional (1/1) odds formats and a broad coverage list that includes football, basketball, tennis and the major US codes. Multi-bet and same-game multi markets are in the product.

As with other offshore operators, this brand has no New Zealand licence. The three odds formats are an unusually generous design choice for an offshore sportsbook and will suit a punter who reads prices in fractional odds by training. The product does not come with a New Zealand complaints route.

Spinbara — crypto deposit match on the sportsbook

Spinbara advertises a 100% deposit match up to EUR 100 for sports and a sport crypto welcome bonus of 100% up to 200 USDT, alongside a casino welcome bonus of 100% up to EUR 500 plus 200 free spins. Multi bets and same-game multis are in the sportsbook.

Like other offshore brands, it carries no New Zealand licence. The deposit match carries wagering terms; the EUR reference is a sign of the brand’s target market more than the currency a New Zealand punter will transact in. The crypto rails allow a fast deposit and a fast withdrawal, with the same absence of a New Zealand regulator in the complaint path.

Rabona — long-running Soft2Bet brand

Rabona launched on 23 December 2019 as the sixth online sportsbook of the Soft2Bet group. The product covers the major football codes, basketball, tennis and the major US leagues with multi-bet, same-game multi and live in-play markets. The Curaçao licence covers the Soft2Bet group across its brands.

The brand names a Curaçao licence that gives no right to take bets from people in New Zealand. The longevity of the product is the differentiator; the same regulatory gap remains.

Roobet — crypto-only product

Roobet is the brand name of Raw Entertainment B.V. (registration number 157205, Korporaalweg 10, Curaçao), operating under Curaçao licence OGL/2024/687/0427. The platform is crypto-only: deposits and withdrawals run in BTC, ETH and other coins, and the sportsbook is built around multi-bet and in-play markets.

The crypto rails are Roobet’s identity as a brand; the same absence of a New Zealand regulator in the dispute path applies. A punter using Roobet to bet on a Super Rugby match is using an operator that has no right under New Zealand law to take that bet, and the New Zealand complaints framework does not reach it.

FunBet — broad sport list, 24/7 bookmaker

FunBet’s sportsbook offers odds on football, ice hockey, American football, basketball, volleyball, tennis, rugby and baseball, with live betting and a bookmaker described as open around the clock. Multi-bet and same-game multi markets are in the product.

The brand names no licence that applies in New Zealand. The rugby inclusion shows the bookmaker’s coverage but says nothing about the right to take New Zealand bets. The same gap in the dispute path applies.

Worked Example: What a Three-Leg Multi Pays on a $10 Stake

Three illustrative selections at decimal odds of $1.50, $2.00 and $2.50 form a three-leg multi with payout odds of $1.50 × $2.00 × $2.50 = $7.50. At a $10 stake the return is $75.00 in total, of which $65.00 is net profit and $10.00 is the original stake returned. These are example prices, not quoted prices; the same arithmetic works at any set of decimal odds.

The implied probability of the three legs winning is the product of their individual implied probabilities. A $1.50 leg implies 66.7% probability, a $2.00 leg implies 50.0%, and a $2.50 leg implies 40.0%. The product is 13.3% — meaning a “fair” multi at those three prices might offer $7.50 to a roughly 13.3% chance, almost identical to what the multi actually prints because the example prices carry no margin. Add a margin of 5% to each leg and the implied probabilities shift to roughly 70.4%, 52.6% and 42.1%, multiplied together to give around 15.6% — a fair price of $6.41 against the multi’s $7.50 headline, with the gap being the bookmaker’s expected take.

Three-leg multis have a long losing run. A $10 stake across twenty multis at those prices has an expected return of $80 in probability terms before margin, and an expected return closer to $60 after. The punter who keeps staking $10 across the multi every round will see the bank empty long before the single big payout lands, and that is the cost the headline hides.

The Bottom Line on Multis in New Zealand

Multi bets in New Zealand are openly available from TAB and Betcha, both operated by TAB NZ, both under Entain’s platform under the long-term partnership. They are the lawful route, with New Zealand harm-minimisation tools and a regulator line through the Department of Internal Affairs. The offshore brands in this list take New Zealand accounts but operate outside New Zealand’s regulatory perimeter and offer no New Zealand complaints path; they expand the range of markets, formats and payment rails a punter can use, in exchange for giving up the protections TAB NZ provides.

The arithmetic on a multi is the same arithmetic the rest of the betting world uses — multiply decimal odds, subtract the stake for net profit, read the implied probability as a fair price discount. The structural cost of a multi is the multiplied margin across every leg; the headline price does not surface that cost and the marketing around multis never volunteers it. Punters who treat a multi as a long-shot entertainment spend and not as a way to make money will size their stakes accordingly; punters who treat it as an investment will discover what the margin gap means in a long losing run.

Frequently Asked Questions

How are multi bets calculated?

Multi bets are calculated by multiplying the decimal odds of every leg into a single payout price, then multiplying that price by the stake. The product is the total returned to the punter (stake plus net profit). For three legs at $1.50, $2.00 and $2.50 the payout odds are $7.50; a $10 stake returns $75 in total.

How do multi bets work?

A multi bet is a single slip that links two or more individual wagers, called legs. The bet wins only if every leg wins; a losing leg loses the entire slip. A tied leg is removed and the payout odds are reduced to match the remaining selections, because the bet simply doesn’t have that leg to settle.

What is a multi bet, and how does a same-game multi differ?

A multi bet is two or more legs on one slip with all legs needing to win for the slip to win. A same-game multi takes its legs from a single event, typically football or basketball, with the legs correlated. The payout arithmetic is the same — product of decimal odds — but a same-game multi almost always carries a wider margin than a multi of independent events.

How is a return on a bet worked out from the stake and the odds?

Return is stake multiplied by decimal odds for a single bet. A $50 stake at $2.10 returns $105 in total, of which $55 is net profit. For a multi, the payout odds are the product of the leg odds, and the same rule applies to the whole stake.

How are decimal odds such as $2.10 turned into a return?

Decimal odds multiply the stake to produce the total returned. A $2.10 price on a $10 stake returns $21 in total, of which $11 is net profit and $10 is the original stake. Decimal odds suit multis because the product of the legs is straightforward to compute.

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