Sports betting has definitely skyrocketed in Nigeria. New punters are coming into the scene every day and participating in the thrilling experience that is sports betting. With so many sporting events and matches to bet on, there are endless options for Nigerians!
If you’re thinking about getting a part of this betting action, consider looking into accumulator betting. This type of betting is one of the most popular forms of betting for punters across the world as well as in Nigeria.
With this form of betting you can bet on multiple selections after combining the odds and thus have a chance to win big! If you want to find out more about this form of betting, stay tuned till the very end of this guide!
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What is Accumulator Betting in Nigeria?
Accumulator betting or bets, also known as accas, can seem a bit daunting at first, but once you get the hang of it, it’s a piece of cake. To put it simply, an accumulator bet is made up of multiple selections that are combined in one single bet.
All of the selections need to come in for the bet to win. Accumulator betting pays significantly higher odds than if you were to place the selections as separate single bets. This is because each of the multiple single bets within your accumulator bet would need to be successful to promise a return. As the odds are tied up together to create greater value for the punter, if one of your selections loses, then your full acca is a loss completely. Thus, while there is a higher potential payout, there is an increased risk.
Still, accumulator betting is very popular in Nigerian sportsbooks and is also good for games like football or tennis. Remember though, that some bookmakers may stop you from combining numerous sports into one acca. Multiple selections from the same game would not be considered in accumulator betting, it would rather be called a same game sample. This is a different type of bet to accumulator bets.
There are some terms used to describe bet selections in accumulator betting. If you have 2 selections it is called a double. 3 selections are called a treble. 4 selections are a fourfold accumulator, 5 is a fivefold accumulator and 6 is a sixfold accumulator. The individual odds for each selection accumulate to give your much higher odds than just one single selection. Thus, the name accumulator betting.
As we mentioned above, with accumulator betting all of your selections must secure a win in order for your acca bet to win. In case one or more of your selections fails to win, you will lose the whole bet. For example, say you are betting on tennis and five players in a tournament are all favourites when it comes to winning matches. Betting on one of the players will secure you a win, but rewards might not be as profitable. If you instead combine five favourites together into one accumulator bet, and they win, your payout will be massive.
Even though many Nigerian sportsbooks will stop you from placing acca bets on different sports, it’s not always the case. There are many sites that give you the freedom to curate your own bets. All you have to do is be on the lookout for such betting sites. Also, experimenting with accumulator betting is a good idea to get the hang of the whole thing. Trying out different combinations and changing your stake amount can help you maximize your payout.
Accumulator betting is especially good for experienced punters who have a keen eye for their game of choice. This is a betting form that requires a lot of time dedication and strategy building. Thus, you need to observe your sport of choice and make calculative risks to get a potentially good payout.
Why Punters Should Do Accumulator Betting in Nigeria
As you can probably understand by now, accumulator bets are great if you are willing to risk a hefty amount. You can potentially win a lot of money if the odds are in your favour and that too for relatively small stakes in each selection.
But, as accumulator betting is dependent on all the selections winning, there are many different variables and situations that could result in a losing bet. Even so, because of the nature of accumulator betting, your profits can quickly multiply if your bet is successful. To get started with accumulator betting you need to first find the bets you want to include in the selection. Then, add each of them to the betslip at your chosen bookmaker. After that, you need to go to your betslip, where there should be an option to combine all your bets into one single acca.
Depending on the number of bets you have chosen, you might need to tell your bookie which type of accumulator bet you want. Before placing the bet, check the total odds linked with your accumulator. If you made acca bets on matches that happen over a longer period of time, your bet will not be settled until the very last match is completed. However, if your first bet loses you will not need to wait as you have already lost the whole acca bet.
With accumulator betting, understanding the odds is very important. Actually, for any sports betting, sports odds are the number one thing to keep in mind! Being able to read and interpret sports odds will help you place bets strategically. Thus, make sure you understand the odds in Nigerian sportsbooks before diving into the world of accumulator betting. Sports odds in Nigeria are usually in decimal form so knowing how to interpret that much will be a good start.
Maximize Your Advantage with Accumulator Bets
While there is no way to precisely tell what the actual outcome of a match or tournament will be, there are some things you can do to maximize your advantage with accumulator bets. These are practices and tips that can help you stay on top of things and place profitable bets.
Do Your Research
For any type of sports betting, whether it be accumulator betting or something else, you need to know the sport you’re betting on. And we don’t mean just surface level but really in-depth. You need to look at the history of the sport, the player insights, the trends and much more.
Without a thorough understanding of the sport, you cannot build strategies and come to concrete conclusions before placing your bet. This is also especially important for accumulator betting as you are putting a lot more on the line in comparison to a regular bet.
Thus, make sure you take the time to really read up and do your research on the sport you are betting on. For acca bets, you may also need to look up different sports if you place bets on selections from different games.
Observe The Weather
Another good practice with accumulator betting and other sports betting is to keep an eye on the weather. Sporting events usually take place underneath the open skies and sudden changes in the weather can affect the game.
Not to say that these effects are always negative though. There are some players who play well on rainy days and some who may not. As a punter, you need to take all of this into account and observe the weather forecasts before placing your bet.
Observing the weather can also vary based on the sport in question. So, try to have an idea about all the sports you’re planning to bet on and how the weather affects both the match and the players.
Sportsbooks with Accumulators
You can look for sports betting sites that have the accumulator betting option. But, try to do your research before you land on one site. You want to keep your options as variable as possible in terms of the range of sports.
You also should make sure that the bookie you choose to place your bets in allows you to place acca bets on more than one type of match. This may not be allowed in many online sportsbooks so if you want to try that, look for a bookie that offers this type of betting.
Accumulator Betting Example
Calculating accumulator bets is very simple. Your initial stake, whether it be a fourfold bet, treble or double, is multiplied by the odds of the winning team. That amount, if the team does win, becomes your stake for the next bet in the line.
This goes on until you reach the last match in your accumulator bet which adds up all your winnings into one amount.
Now let’s break down the whole process of accumulator betting with a simple example. For this example, we’ll use a fourfold football accumulator with the following bets:
- Chelsea Vs Bayern Munich: Bayern Munich to win at 2.00 odds.
- Napoli Vs Barcelona: Barcelona to win at 2.5 odds.
- Lyon Vs Juventus: Juventus to win at 2.00 odds.
- Real Madrid Vs Manchester City: Real Madrid at 3.00 odds.
Let’s say you place a starting bet of ₦ 10,000 on this accumulator, your returns will be ₦ 20,000 if Bayern wins. That ₦ 20,000 will then become your bet for the second match, where, if Barcelona wins, your returns will come to ₦ 50,000.
Then this ₦ 50,000 becomes the bet for the third match, where, if Juventus wins, your returns will be ₦ 100,000. Lastly, your next bet will be ₦ 100,000 for the final match in the acca bet, where, if Manchester City wins, your total winnings will be ₦300,000!
Keep in mind though, if one of these favourites turns out to be the underdog and loses the match, your whole bet will be lost. For accumulator betting to work, all your selections need to secure a win.
Pros and Cons of Accumulator Betting in Nigeria
By now you already may have a good understanding on accumulator betting and how to go around it. Even so, we wanted to balance the scales and talk about some of the pros and cons of this type of betting.
- Potential for Big Gains – The most obvious pro of this type of betting is the chance to really win big. You also don’t need to put a large initial stake on the line to win big. The bet will accumulate itself as the games progress and can allow you to win some serious cash!
- The Excitement – Without a doubt, accumulator betting provides a thrill like no other! While it does involve a lot of risk, the thrill of winning big is a major appeal for Nigerian punters. It’s also fun and exciting to watch the matches progress and secure your winnings.
- Take Your Skills to The Next Level – Accumulator betting is definitely for seasoned punters who are in for the long-run. You cannot expect to understand and be adept at making accumulator bets on your first go. Accumulator betting also helps take your betting skills to the next level as it requires a lot of time dedication and strategy building.
- Higher Risk – Just like there is a high potential payout, there is also a higher risk associated with this bet. You may not have to stake too much initially but one loss in the match and you lose the whole accumulator bet.
- Complex Betting Method – Accumulator betting is not simple and requires a lot of time and effort. This is known to be a very complex betting method and can be hard for new players to catch on to. So if you are a beginner and are a bit new in the whole sports betting scene, this might not be the best fit for you.
- More to Lose – If you do not have sufficient funds to cover for the potential loss with this bet, we’d suggest you not go for it. You should be able to have enough money to pay for the loss without losing too much of your whole funding.
Odds in Acca Bets
Sports odds are one of the most important parts of sports betting. These odds are what help punters understand what their potential winnings can be and which team or player will be victorious in a match.
With accumulator betting, sports odds are equally as important and need to be well understood to have successful bets. You need to be able to read and understand the odds associated with a match or tournament and then place your acca bet based on that.
In Nigerian sportsbooks, decimal odds are the most prevalent. Thus, understanding how they work will be a good start for you. Once you know how to read these, you can place your bet on the selections for the favourite teams.
Accumulator Betting Offers and Promotions
Accumulator bets are popular among Nigerian sportsbooks. There are many sportsbooks that offer bonuses and insurance on accumulator bets. The accumulator insurance means that when one of your selections loses, instead of losing your full bet, you will be refunded a certain amount in the form of free bets, bonuses and sometimes even cash.
So, keep an eye out for the online sportsbooks that offer these to punters as they could be a really good deal. You end up not losing everything and having some incentive to keep trying your luck at accumulator bets!
What are the Alternatives to Accumulator Betting?
It’s true that accumulator betting is not for everyone. There are higher potential risks involved that not everyone will be keen on taking. Thus, we’ve mentioned some alternatives to accumulator betting that could be worth a shot for you.
Let’s have a look at some of these alternatives.
Live betting is a thrilling and exciting way to do sports betting in Nigeria. With live bets you get to make changes to your bets in real-time as the match or event is going on.
This would be, for example, a football match that is happening live. You can watch the match and bet on different markets with changes in the game. Live betting does take some time and practice to get a hold of but provides an experience quite like no other.
Another great alternative to acca bets are sure bets. This is a surefire way to make sure you make a profit from the bets you place. You can do this by betting on the same match, but on both the winning and losing of your chosen team.
This sort of betting is dependent on the difference in odds in different sportsbooks and is not as commonly seen as other bet types. Sure bets also need a lot of calculations and research to be made successful.
With sure bets, you are betting the same amount on the opposite results. For example, if you are betting on a football match, you can bet for your favoured team to both win and lose. Thus, no matter which team wins, you get your money back.
Matched betting is quite similar to the sure bets that we mentioned above. Both of these bets use the same concept of placing opposing bets on different bookmakers. However, for matched betting, you can use free bets to place the bets rather than using your real money.
With matched betting, you can use your regular stake for one bet while you use free bets to pay for the other one. Also, matched betting allows you to complete your wagering requirements by using those free bets and thus allowing you to collect your winnings!
FAQ: Accumulator Betting
Now, let’s have a look at some of the commonly asked questions about accumulator bets in Nigeria.
To place an accumulator bet you need to first find a suitable bookmaker where you want to place the bets. Then, find the bets you want to include in the selection. After that, add each of them to the betslip. Then, you need to go to your betslip, where there should be an option to combine all your bets into one single acca.
Accumulator bets are sort of already in multiple bets form. You are choosing many selections to make one single bet so it already consists of numerous bets. Thus, you can make multi bets in accumulator bets.
No, the full bet needs to be settled before you can cash out your winnings. If you do lose one selection, then there would be no bet to settle as you have already lost the full bet.
If the online sportsbook you chose allows for a mobile version, then yes you can definitely place an acca bet through your mobile phone.
While the odds will usually clearly dictate which team is set for the win, you can never actually tell how a match will turn out. Thus, there is no guarantee that you will win every bet you place with acca bets.
Accumulator bets in nature are risky for Nigerian punters. You could end up losing a lot of money if your selections don’t secure a win. Thus, always make sure you are betting with money you can afford to lose. You do not want to bet money you cannot afford to lose and then cause distress in your surroundings.
Practice responsible gambling methods to make sure you stay accountable when spending your money online. Remember that there are many ways to stay in check and often the online betting site will also have features to control your gambling.
Recap of Accumulator Bets
Accumulator bets provide a thrill like no other, this we can all agree! While there are significant risks associated with this game, a bit of practice can help you get better with time.
Thus, make sure you do your research before diving in and place bets after making calculated decisions and have the chance to win big!