Alan Thompson on the nuts and bolts of using Betfair Multiples, where big winnings can be made from small stakes
"With Betfair Multiples not only do you often get better value due to the better odds normally available on the exchange, but you also get that excitement of potentially winning big for a small stake."
Many punters' first experience of betting starts with an accumulator or some form of exotic bet, normally because someone we know has had a big win by putting a handful of horses or football teams into a multiple.
Most professionals will tell you that these sorts of bets are to be avoided as they offer little in the way of value and are very hard to land. To a degree they are right but if big wins for small stakes appeal then Betfair Multiples is for you.
Sure, you can have £10 on the exchange to win £10 by backing at even money, and you may well win 50% of the time, but what about having £10 on Betfair to win £1,000 or £10,000? Yes, it's harder than hitting a single bet winner, but if that's what you want then why not give Betfair Multiples a go?
With Betfair Multiples not only do you often get better value due to the better odds normally available on the exchange, but you also get that excitement of potentially winning big for a small stake. And with the exchange available to lay your selections you have the ability to create a green book should your multiple be in with a winning chance.
As a racing punter my favourite multiple bet is to have a good old-fashioned perm on the horses. Yankees and Lucky 15s were an everyday activity for me when I got into gambling and it's how most punters over the age of 30 got into betting in the first place.
Happily, Betfair Multiples is very easy to use. Simply go into the Multiples tab at the top of the screen...
...and you will be presented with the Multiples home page where you combine your selections into a multiple.
To do this you will be presented with a tote-style entry sheet where you make your selections, chose your permutations and then place your bets.
You will notice that all horse racing multiples are settled at the Betfair SP and the wins shown are "potential" as the SP will not be resolved until the race goes off.
Enter the stake and Betfair will show you the potential win for this bet, you can then cancel, edit or place the bet and it's done.
In this example we have made three selections which we have placed as three doubles and a treble (4 bets x £2 = £8 staked). Therefore, we are looking for two winners to get a return.
Betfair will usually run a Banker Multiples offer on most weekends and during major televised race meetings. This often features one of Paul Nicholls' or Donald McCain's horses as the "banker" bet. Include that horse in your multiple (trebles and upwards) and if this selection is the only one that lets you down Betfair will refund your stake up to £100.