Jamie Clark was Sports Editor of Coral bookmakers between 2014 and 2017 during their merger with Ladbrokes and a key period for the British betting industry. Working as a bookie’s runner on the point to point circuit in the Midlands and at Market Rasen Racecourse where his late godfather had a trackside pitch growing up, he has had ties to horse racing all of his life. While his main project with us is horsebetting.com, Jamie occasionally brings you his take on major news stories from the racing world and those all-important betting tips at betting.co.uk.
Accumulator – or “acca”, as they are more commonly known – betting is incredibly popular, offering the chance to increase a potential win in exchange for predicting a series of bets correctly. Accas, more than any other kind of bet, allow the potential to win huge sums from a relatively small stake – a fact that no doubt helps to explain their continued interest from the betting public. Whether it’s football or horse racing betting strategies they’re following, punters love an accumulator.
Nevertheless, acca betting is far from straight forward. Predicting one outcome is challenging enough; predicting at least three is a huge ask. We therefore thought it might be interesting to look a little deeper at acca betting and, in particular, highlight three mistakes that people make when placing this type of bet – so you know what to avoid in the future…
Mistake #1: Adding too many outcomes
There’s no doubt it can be fun to add more and more selections to a betslip in order to watch the combined odds – and thus the potential profit – rise exponentially. We’ve all had moments where we’ve looked at our 10-selection acca and the literal hundreds of thousands it would pay out from a £10 stake – but looking is about as far as it should go. Remember, odds only reach sky-high proportions when the probability of all outcomes going in your favour is so high as to almost be impossible. If you want to make a habit of betting on accas regularly, then try to keep the number of selections reasonable.
Mistake #2: Prioritising acca insurance
We’re all conditioned to see the term “insurance” in a positive light; as something we can rely on when we need it and which will always have our back. However, acca insurance doesn’t quite meet these high standards. For those unfamiliar, acca insurance offers promise that if you place an accumulator bet that meets their terms (which can include minimum odds per stake or a minimum number of legs), your stake will be refunded if one leg of your acca let’s your down. There’s no denying this is a decent enough offer, but it’s important not to rely on it – it’s an “offer” that is more compensation than something you actively want to qualify for. For one thing, most stakes are returned as bonus bets rather than funds – which means your stake won’t be returned when you use the bonus bet; reducing your potential for profit. What’s more, if you’re intending to cash out your acca if everything is going your way, acca insurance is not valid anyway, so it should be little more than an afterthought when you’re considering what to bet on.
Mistake #3: Not comparing odds
Most bettors are familiar with the need to compare odds when placing a single bet, naturally wanting to find the best possible value for their chosen selection. However, the same is not always true when placing an acca. After all, the combined odds become so high that it doesn’t really seem necessary to push for a better deal – but it is. If your acca wins, then you’ll naturally want the profits to be as high as they can be, so assembling your acca on a few different sites and seeing who offers the best return is a must-do.
Enjoyyour acca betting in future by steering clear of the above mistakes! Hopefully we kept you more entertained than Boring Milner!
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