Do you recall the bookmakers advertising and promoting multi selection bets and permutations? Isn’t it true that they almost always claimed that a lucky gambler who placed a small bet on a multi-selection permutation just won $500,000 on a $50 bet?

Most of the time, multi-selection bets and permutations give a gambler a very poor value and it’s not easy to get a profit from this sort of bets. As a matter of fact, just 1 selection failing to win is going to wipe out all profits on specific permutations. The bookmakers aren’t bothered by the occasional big winner. And that’s only because they make a fortune from all the other gamblers that are wasting money on permutations. Unless…

What’s the first thing to know about permutation?

The main idea of permutation betting is that you can maximize your chances for making a return if betting several selections at the same time. In other words, you can still take advantage of the higher payouts the accumulators offer. You don’t risk to lose the whole stake if only one of your selections is wrong. You’re not placing one wager on all of your selections. Instead, you place some wagers on various selections. Long story short, you only need a specific amount of your selections to be right for winning some money.

Permutation betting resembles betting accumulators and multiples. It’s about placing on several selections, which explains the similarity. 

Some may know it as combination betting and it’s an impressive difference between betting accumulators. For instance, you don’t need all of the selections to be right for you to get a return.

Multiples and accumulators are individual wagers as they include several selections. Besides, they only return a payout if each selection is right. Nevertheless, permutation betting is about a series of wagers that cover several selections in different combinations. Even if there are some incorrect wagers, you may still get a return.

Multiples and accumulators are individual wagers as they include several selections. Besides, they only return a payout if each selection is right. Nevertheless, permutation betting is about a series of wagers that cover several selections in different combinations. Even if there are some incorrect wagers, you may still get a return.

Now for the detailed look

When you’re using permutations, you may create a different outcome for your initial bets. As a matter of fact, you’re creating multiple different bets from your typical selection. You may easily do it from the betting slip at the online bookmaker. You need to take a look at the market and see your individual selections, adding them to the betting slip. Inside of the betting slip you’re going to find the possibility to choose the several configurations of your bets.

Let’s say that you’ve chosen 4 selections for a horse racing competition. You really need to understand your options when going forwards and what you can actually create from them. You may create 15 bets from 4 selections alone. However, you also need to pay attention to the difference between a multiple and a full cover bet multiple (later on we’re going to come back to it). the last one is going to provide the single bet selections in the wager too.

Moving on with the explanation, let’s remind you that from the four selections you can actually get a Yankee bet. (it has no singles, but only six doubles, one fourfold and four trebles). You may use the same four selections for a Lucky 15 with 6 doubles, 4 trebles and fourfold (similar to the Yankee); you can also include the four singles, though. This means extra coverage and adds 4 more bets to the wager. Needless to say, this also leads to more stakes.

Permutations may be as simple as the three doubles, using just three selections.

What are the advantages?

One could wonder about the advantage of betting permutations and the most important one is that you no longer need all selection to win in order to return. For instance, you have three selections in a Trixie bet and if you lose one, you still cash in on the left double that is going to be a winner. Therefore, there is something you get. This is one benefit you get, right? Besides, the more winners you’re landing in the bet, the bigger the return is going to be.
when you take a look at the normal accumulator, you start realizing that you actually have a less overall risk. In the case of an accumulator, you may play as little as 20p stake and still have a big win (it’s from the extra outlay in stakes that you need to put down on a Lucky 15). Your risk is higher with the stake when compared to an accumulator.

Here’s a permutation betting example

You can try permutation betting with 2 -6 teams. However, the easiest example is with two teams.

For instance, let’s say you take the A and B to win a pair of football games. You’re placing $10 on each team with A at 1.85 and $ 10 on B at 1.40. For the double at 2.50, you place $10 as well. if the A team wins, you get in return 418.50 for the $10 wager. If the B team wins, you’re getting $14 for the $10 wager. When both teams are winning, you’re going to take home the winning amounts for every individual wager. You also get the double, rending you a $28.40 profit.

This way, you have lowered the possible winnings for minimizing your overall risk- and that’s the main principle for the permutation betting.

What about the full cover bets?

You may try many types of full cover bets and place them according to the number of selections with various names for everyone.

A Patent includes a wager with three singles, a treble and three doubles. A Trixie is a bet with three doubles and a treble. The Lucky 16 includes 4 singles, six doubles, a fourfold and four trebles. Six doubles, one fourfold and four trebles- that’s a Yankee.

As you can see, there are many different names for all sorts of wagers with each number of selections from 3 to 8.

It’s going to take some time until you get to understand the permutation betting. Once it’s clear for you, it’s going to be easy to use these types of bets. Practice makes perfect and you’re going to want to get to master them!