Profit

The amount of money that a bettor will win if a bet is successful.

Betting

NAPs are most common in horse racing with respected tipsters providing their best bets on a daily basis. They&rsquo;re a very handy option if you want to take advantage of being given expert insight by an industry pundit who has the inside track. Whether that be at the Cheltenham Festival, Epsom Derby, or Royal Ascot &ndash; there will always be an informed NAP available.

Essentially, top NAP picks have taken into consideration past success, current form, the trainers, and the style of track they are running at, which make them a reliable source of information.

Parlay

Parlay bet / accumulator / combo bets&nbsp;are bids composed of two or more events, each of which affects the overall prospect of the bet. You can only succeed if all events were played and/or some of them were voided. Bad news here is a loss of at least one of the picks, leading to inevitable defeat.

Let&rsquo;s set up a live example of three group stage matches of the 2020 UEFA European championship: Belgium - Russia, England - Croatia, and Hungary - Portugal. For convenience, each bet amounts to $100.

Our picks:

<ol>
	<li>Belgium - Russia: a win for team Belgium or a tie (1,24).</li>
	<li>England - Croatia: a win for team England or a tie (1,26).</li>
	<li>Hungary - Portugal: a win for team Portugal with handicap(0) (1,25).</li>
</ol>

The odds are quite low. If we make three single bets of $100 each, we&rsquo;ll have:&nbsp;($100 х 1,24) + ($100 х 1,26) + ($100 х 1,25) = $375.&nbsp;Meanwhile, net revenue will amount to just $75, though at risk is $300.

Now let&rsquo;s get straight to counting:&nbsp;1,24 х 1,26 х 1,25 = 1,953. You have to admit that these odds are much more reasonable.

The calculation of the parlay is pretty simple, though we have the whole three options here:

<ol>
	<li>All bets paid off. At this point we can settle for victory of $195,3 ($100 х 1,953). At risk was the amount of $100, and the return is $95,3.</li>
	<li>A win for team Belgium, a win for team England, but team Portugal drew against Hungary. One of the events in the parlay was voided and the total rate should have been counted as &ldquo;1&rdquo;, which means the parlay value came down to 1,24 х 1,26 х 1 = 1,5624. The overall return is $156,24 ($100 х 1,5624).</li>
	<li>One or more bets&nbsp;paid off. It&rsquo;s an automatic failure. We simply lose our bet.</li>
</ol>

Now we know what&rsquo;s behind the parlay and that it can bring tangible profit with low risk. However, it doesn&rsquo;t mean you should definitely include risky bets in your deal. It&rsquo;s always better to go for lower odds, leaving open the possibility of return.

Stake

The amount of money a bettor places as a bet. The definition of &quot;stake&quot; is the amount of money that is risked or invested in the success or failure of a horse race, casino game or sports match. A bet can also be called a wager and represents the total amount of investment in a given bet. The term is also commonly used to refer to an investment (time, money, sweat, etc.) in a particular project.

The term &quot;stake&quot; originated in the United States, where land was highly coveted property. Plots of land were marked by wooden stakes driven into the ground to show where one piece of land ended and another began.

Profit

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