What is Chain Bet in 1xbet? Detailed Explanation with Examples

So, you want to know ‘What is chain bet in 1xbet’?

And you’ve been asking yourself, what is the meaning of chain bet in 1xbet?

Well, let’s start with the basics by knowing a little about 1xBet.

What is 1xBet?

1xBet is an online betting platform that’s really popular among sports fans.

You can bet on your favorite teams and players from all over the world, which is pretty cool!

Their website is easy to use, and they have great odds and live betting options.

Plus, they make it simple to deposit and withdraw money.

When it comes to customer support, their customer support is always available to answer your questions and provide help.

Whether you’re new to betting or have been doing it for a while, 1xBet is a great place to check out.

They’ve got something for everyone, and it’s definitely worth exploring!

If you’ve been following BetAssured, you must have come across my blog post on how to create 1xBet account in Nigeria.

This is one of the betting platforms which I highly recommend to all BetAssured readers.

The Concept of Chain Bets: What is a Chain Bet?

So, what is a Chain Bet?

Simply put, it’s a way to combine multiple bets into one.

Imagine you’re watching a few games on a Sunday afternoon, and you think you know who’s going to win each match.

With a Chain Bet, you can link all those predictions together into one single bet.

If all your teams win, you win big! But if just one team loses, your whole bet falls apart.

It’s like a row of dominoes – each one relies on the previous one to stand.

If one domino falls, the whole row comes crashing down.

That’s why Chain Bets are a bit risky. But they’re also super exciting! You get to follow multiple games, cheering on each team as they play.

And if you win, the payout is way bigger than if you’d just bet on one game.

Chain Bets are perfect for sports fans who love a challenge.

They require skill, knowledge, and a bit of luck.

But if you’re up for it, they can be a fun and rewarding way to bet on sports.

Now, let’s talk about the benefits of chain bets

Also read:

• 1xBet registration by email

4 Benefits of Chain Bets

• Higher Payouts

You can win more money with chain bets because the odds are multiplied together.

• Increased Thrills

Each game is like a new chapter in a story, keeping you on the edge of your seat.

• Improved Skills

Making chain bets helps you develop your knowledge and strategy.

• More Fun

Chain bets make watching sports more enjoyable and engaging.

I’ll give you a real example of what chain bet is so that you can understand it properly.

Chain Bet in 1xBet Example: Examples of Chain Bets

Here are two examples of chain bets:

Example 1: Football Matches

Let’s take for instance, you want to bet on three football matches:

• Match 1: Manchester United vs. Liverpool (you bet on Manchester United to win)
• Match 2: Barcelona vs. Real Madrid (you bet on Barcelona to win)
• Match 3: Chelsea vs. Arsenal (you bet on Chelsea to win)

You link all three bets together into one chain bet.

If all three teams win, you win the chain bet! If any one of them loses, you lose the whole bet.

Example 2: Basketball and Tennis

Let’s say you want to bet on two basketball games and one tennis match:

• Game 1: Los Angeles Lakers vs. Boston Celtics (you bet on Lakers to win)
• Game 2: Golden State Warriors vs. Chicago Bulls (you bet on Warriors to win)
• Tennis Match: Novak Djokovic vs. Rafael Nadal (you bet on Djokovic to win)

You link all three bets together into one chain bet.

If the Lakers and Warriors win their games, and Djokovic wins his match, you win the chain bet! If any one of them loses, you lose the whole bet.

I hope this examples have made the understanding easier right?

Now, let’s see exactly how to place chain bet in 1xBet.

How to Place a Chain Bet on 1xBet

To place a chain bet on 1xBet, follow these steps:

• First, log in to your account
• And click on the “Sports” tab.
• Next, select the sport you want to bet on, like football or basketball.
• Then, choose the specific match or game you’re interested in.
• Click on the odds of the team or player you want to bet on.
• A bet slip will appear on the right side of the screen, click on “Add to Bet Slip”.
• Repeat the process for each selection you want to add to your chain bet.
• Once you’ve added all your selections, click on “Chain Bet” at the bottom of the bet slip.
• Enter your stake amount and click “Place Bet”.

You’ll see a confirmation message, and your chain bet is on!

Once you’ve followed these steps, your chain bet will be placed successfully.

There are different types of chain bet, let’s look at each of them below:

4 Types of Chain Bet

Here are the types of chain bets:

1. Single Chain Bet: This is the most common type, where you link multiple selections together in a single chain.

2. System Chain Bet: System chain bet allows you to create multiple chains with different combinations of selections, giving you more flexibility and increasing your chances of winning.

3. Multi-Chain Bet: This type lets you create multiple chains with different selections, all in one bet slip, making it easier to manage your bets.

4. Live Chain Bet: Live chain bet allows you to add live selections to your chain bet, making it more exciting and dynamic.

Learn how to make money from sports arbitrage betting, no risk, no gamble. Get full details here.

Chain Bet Calculations and Payout

Here’s how chain bet calculations and payouts work:

1. Odds multiplication: The odds of each selection in the chain are multiplied together to give the total odds.

2. Stake calculation: The stake amount is multiplied by the total odds to give the potential payout.

3. Payout calculation: If all selections win, the payout is the stake amount multiplied by the total odds.

4. Loss calculation: If one or more selections lose, the entire chain bet loses, and you receive nothing.

Example

Selection 1: 2.0 odds

Selection 2: 3.0 odds

Selection 3: 4.0 odds

Total odds: 2.0 x 3.0 x 4.0 = 24.0
Stake: ₦1,000

Potential payout: ₦1,000 x 24.0 = ₦24,000

If all selections win, you receive ₦24,000.

If any selection loses, you receive ₦0.

I hope you now understand it better with this explanation right?

8 Tips and Strategies for Winning Chain Bets

Here are some tips and strategies for winning chain bets:

1. Research and Analysis

Study the teams, players, and conditions before making your selections.

2. Start Small

Begin with a manageable number of selections and gradually increase as you gain experience.

3. Diversify

Mix different sports, leagues, and markets to minimize risk.

4. Odds Management

Balance high and low odds to optimize potential payouts.

5. Bankroll Management

Set a budget and stick to it to avoid significant losses.

6. Stay Informed

Keep up-to-date with news, injuries, and suspensions that may impact your selections.

7. Avoid Emotional Decisions

Make rational choices, not impulsive ones based on personal biases.

8. Hedge Your Bets

Consider placing opposing bets to minimize losses or lock in profits.

FAQs

Q: What is the meaning of chain in betting?

A: In betting, a chain refers to a type of bet that involves linking multiple selections together, where the outcome of each selection affects the entire bet.

Q: How do you calculate chain bet?

A: To calculate a chain bet, multiply the odds of each selection together, then multiply the result by the stake amount.

Q: What is the advantage of chain betting?

A: The advantage of chain betting is the potential for higher payouts due to the multiplied odds.

Q: What happens if one selection loses in a chain bet?

A: If one selection loses, the entire chain bet loses.

Q: Can you make a living from chain betting?

A: While chain betting can be profitable, it’s essential to manage risk and not rely solely on betting for income.

Q: How do you win a chain bet?

A: To win a chain bet, all selections in the chain must win.

Conclusion: What is Chain Bet in 1xBet?

In conclusion, chain bets are a type of bet that can be profitable if done correctly.

By understanding what is a chain bet in 1xBet and following the tips and strategies outlined in this article, you can increase your chances of winning.

Remember to always manage your risk, stay informed, and make smart decisions.

With the right approach, chain bets can be a good way to make money betting on sports.

So, consider trying chain bets on 1xBet and see if you can win.

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