What is a ‘Multi-Stage Bet’?
A ‘multi-stage bet’ (sometimes called a ‘conditional bet‘) is a collection of bets where the outcome affects the next action directly, or where a winning stake is placed on a second outcome. Sometimes multi-stage bets are used as part of a complex betting strategy, and in other cases they are simply a way to make a bet more interesting and potentially more profitable for the player.
‘Multi-Stage Bet’ Explained
In gambling, especially in sports betting, a ‘multi-stage bet’ or ‘conditional bet’ is a wager made on two or more different outcomes, where there is some link or condition between the two – such as the placing of a winning stake on a second selection, then betting the double stake of the two winning bets on a third selection, thus creating a process of stages which the bet must meet, and building the profit at each bet.
One common form of the multi-stage bet is the accumulator bet. This kind of wager relies on a number of different singles bets, which are linked by the common feature of having to win. The prize returned from the first wager is automatically placed on the second, and so on until the last selection is met. The accumulated wins mean that the final wager on the last selection is a large one, so if the bet comes in, the player wins a far larger stake than the singles selections would have totalled individually. If any one selection loses, the whole bet loses.
The ‘multi-stage bet’ is also a form of strategy in games such as roulette, where the player follows a series of bets as outlined by the technique, depending on whether they are currently winning or losing often. By varying the type of bet and betting in stages, the player can maximise their chance of a payoff and make sure that wins cover the losses made up to that point.