Chain Bets on Betwinner
A chain bet on Betwinner is a form of betting that involves a series of single bets on unrelated outcomes. This type of bet allows for greater flexibility and the possibility of increasing your potential winnings through a rolling stake mechanism.
What is a Chain Bet?
A chain bet consists of several single bets on unrelated outcomes, where the stake of each single bet is equal to the initial stake placed on the first selection. The bettor determines the order in which the bets are settled, and each bet’s winnings roll over to the next bet in the chain. The concept of a “chain account” is used to manage the balance and progression of the bets.
- Stake Management: The initial stake is placed on the first selection, and the winnings from each bet in the chain are added to a “chain account.”
- Chain Account: The chain account starts with the initial stake and is adjusted after each bet is settled. If the balance on the chain account drops below the pre-determined stake, the remaining balance is used for the next bet.
- Bet Order: The chain is settled based on the order of bets on the bet slip, not the chronological order of the events.
- Winning and Losing: If the chain account balance drops to zero at any point, the chain is terminated, and the entire bet is lost. The final balance on the chain account after all bets are settled is the payout.
How to Place a Chain Bet on Betwinner
Access the Sports Section: Log into your Betwinner account and go to the sports section. Here, you can browse through a variety of sports and events such as football, basketball, and tennis.
Select Multiple Unrelated Events: Choose several events you want to bet on. Ensure that these events are unrelated, meaning their outcomes do not affect each other.
Pick Your Outcomes: For each selected event, decide on the specific outcomes you want to include in your chain bet. These could be:
- The winner of each match.
- The total points or goals.
- Other specific event results.
Add Selections to Your Bet Slip: Click on the desired outcomes to add them to your bet slip. Ensure that the order in which you add the selections is the order in which you want the bets to be settled.
Enter Your Stake for the Chain: Enter the amount you want to place as your initial stake. This stake will be used for the first bet in the chain, and any subsequent bets will use the winnings from this initial stake.
Place Your Chain Bet: Confirm and place your chain bet. Betwinner will display a summary of your chain bet, including the events, outcomes, initial stake, and potential payout.
Wait for the Events to Conclude: After placing your chain bet, wait for each event to finish. The chain account balance will be adjusted as each bet is settled, and the final balance after all bets have been resolved will be your payout.
Example of a Chain Bet
Let’s consider an example where you place a chain bet on three unrelated events with an initial stake of $10.
Selected Events and Outcomes:
- Football Match: Team A to win (odds: 2.0)
- Tennis Match: Player 1 to win (odds: 1.5)
- Basketball Game: Over 150 points (odds: 2.0)
Order of Bets: Football Match → Tennis Match → Basketball Game
| Event | Outcome | Odds | Chain Account Balance | Stake | Potential Winnings |
|---|---|---|---|---|---|
| Football Match | Team A to Win | 2.0 | $10 | $10 | $20 |
| Tennis Match | Player 1 to Win | 1.5 | $20 | $20 | $30 |
| Basketball Game | Over 150 Points | 2.0 | $30 | $30 | $60 |
How to Calculate Your Payout
The payout for a chain bet is determined by the final balance on the chain account after all bets have been settled. The formula for calculating the payout is:
Payout=Final Chain Account Balance
Example:
- If all bets win, the final balance on the chain account will be $60.
- If any bet loses and the chain account drops to zero, the bet is lost, and no payout is received.
Conclusion
Chain bets on Betwinner provide an innovative way to manage multiple bets while maximizing potential returns through a rolling stake mechanism. Besides, this flexible betting option allows bettors to carefully manage their risks and rewards.
FAQ
What is a Chain Bet?
A chain bet is a series of single bets on unrelated outcomes where the stake from each bet rolls over to the next. The final payout depends on the cumulative balance of the chain account.
How are the payouts calculated for Chain Bets?
The payout for a chain bet is the final balance of the chain account after all bets are settled. The balance is adjusted after each bet based on the winnings.
How do I place a Chain Bet on Betwinner?
To place a chain bet on Betwinner, follow these steps:
- Access the sports section.
- Select multiple unrelated events.
- Pick specific outcomes for each event.
- Add selections to your bet slip in your preferred order.
- Enter your initial stake.
- Place your bet.
Do I need to be registered to place a Chain Bet on Betwinner?
Yes, you must be a registered user on Betwinner to place a chain bet. Follow our registration guide if you haven’t signed up yet.
What happens if one of my bets in a Chain Bet loses?
If one of the bets in a chain bet loses and the balance on the chain account drops to zero, the chain is terminated, and the entire bet is lost. The remaining balance, if any, after all bets are settled, is your payout.