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In a multi-bet, all selections must win for the bet to be successful. If any of the selected teams or events lose, the entire bet is settled as a loss. In sports betting, a multi-bet (also known as an accumulator, parlay, or combo bet) is a type of bet that combines multiple individual bets into a single wager.
As the name suggests, a multi is short for multiple bets and it's where you combine two or more sports betting events into a single bet. In order for a multi to get paid, all legs of the multi must be successful. So our total profits, should all three win, is $143. This equates to odds of 4.77 for a $30 bet.
However, those opposed to gambling were able to successfully ban bookmakers at the turn of the 20th century, which led to the introduction of parimutuel wagering in 1908. The parimutuel system is the primary reason betting on horse racing is legal and has flourished.
To protect the integrity of the game. If athletes are allowed to bet on games, there is a risk that they may be tempted to throw games or influence the outcome in order to win their bets. This could erode public trust in the sport and damage its reputation.