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Flexi-betting is a betting option that allows bettors to bet a percentage (%) of a standard unit or bet. A standard unit or bet is the minimum amount of money that is required to place a certain type of bet. For example, if the standard unit for a trifecta bet is $1, then you need to pay $1 to place a trifecta bet.
Flexi-betting can be used in combination with exotic or multi-leg bets, such as trifectas, quadrellas, first fours, etc. These are bets that require multiple selections to win in order to get a return. These bets usually have higher payouts than single bets, but also have higher costs and risks.
Flexi-betting enables bettors to reduce the cost of their bets by betting a fraction of the standard unit. For example, if you want to place a trifecta bet with four selections, the cost of the bet is $24 ($1 x 4 x 3 x 2). However, by using flexi-betting, you can bet 50% of the standard unit, which means that the cost of the bet is $12 ($0.5 x 4 x 3 x 2).
Of course, with the lower cost comes a lower return. Flexi-betting reduces the return of your bets by the same percentage as your stake. For example, if you place a $12 flexi-bet on a trifecta that pays $100 for a $1 unit, your return will be $50 ($100 x 0.5).
Flexi-betting works by allowing bettors to choose their stake amount as a percentage (%) of the standard unit or bet. The stake amount can be any percentage from 1% to 100%, depending on the rules and limits of the bookmaker or the betting platform.
To place a flexi-bet, you need to select the option that says “Flexi” or “Flexi-Bet” before placing your bet. You also need to enter your stake amount as a percentage (%) of the standard unit or bet. For example, if you want to place a 50% flexi-bet on a quadrella with four selections, you need to select “Flexi” and enter “50” as your stake amount.
The cost of your flexi-bet is determined by multiplying your stake amount by the number of combinations in your bet. For example, if you place a 50% flexi-bet on a quadrella with four selections, the cost of your bet is $30 (0.5 x 4 x 3 x 2 x 1).
The return of your flexi-bet is determined by multiplying your stake amount by the dividend for your bet. For example, if you place a 50% flexi-bet on a quadrella that pays $200 for a $1 unit, your return will be $100 (0.5 x 200).
Flexi-betting can be used when you want to increase your chances of winning by covering more selections or combinations in your exotic or multi-leg bets. Flexi-betting can also be used when you want to reduce your risk and budget by lowering your stake amount in your exotic or multi-leg bets.
However, flexi-betting should not be used randomly or recklessly. Flexi-betting should be used carefully and wisely, based on your own analysis and research of the selections, the odds, and the betting market. You should also consider other factors, such as the form and performance of the teams or players, the competition and difficulty level, the injuries and suspensions, and the trends and patterns.
Flexi-betting has some advantages and disadvantages that should be considered before using it. Some of the advantages are:
Some of the disadvantages are:
Flexi-betting is a betting option that allows bettors to bet a percentage (%) of a standard unit or bet. A standard unit or bet is the minimum amount of money that is required to place a certain type of bet. Flexi-betting can be used in combination with exotic or multi-leg bets, such as trifectas, quadrellas, first fours, etc. These are bets that require multiple selections to win in order to get a return.
Flexi-betting works by allowing bettors to choose their stake amount as a percentage (%) of the standard unit or bet. The stake amount can be any percentage from 1% to 100%, depending on the rules and limits of the bookmaker or the betting platform. The cost of the flexi-bet is determined by multiplying the stake amount by the number of combinations in the bet. The return of the flexi-bet is determined by multiplying the stake amount by the dividend for the bet.
Flexi-betting can be used when you want to increase your chances of winning by covering more selections or combinations in your exotic or multi-leg bets. Flexi-betting can also be used when you want to reduce your risk and budget by lowering your stake amount in your exotic or multi-leg bets. However, flexi-betting should not be used randomly or recklessly. Flexi-betting should be used carefully and wisely, based on your own analysis and research of the selections, the odds, and the betting market. You should also consider other factors, such as the form and performance of the teams or players, the competition and difficulty level, the injuries and suspensions, and the trends and patterns.
Flexi-betting has some advantages and disadvantages that should be considered before using it. Flexi-betting increases your chances of winning, reduces your risk and budget, and improves your skills and knowledge. However, flexi-betting also reduces your return, increases the complexity and uncertainty of betting, and can be influenced by external factors.