Parlay bets or accumulators which are available on the betting exchanges led by Betfair present the gambler with some serious excitement. However, although they can be placed on a small number of popular sports, including horse racing and football, the range of bets is limited and the odds are restricted to a maximum of 1000 or 999/1 regardless of the amount or the prices of the selections. This is because with betting exchanges seeking to concentrate their liquidity in as few markets as possible, they are not currently suited to unrestricted accumulators. If an exchange customer was to place a £10 football accumulator on Chelsea at 2 (evens), Manchester United at 2 (evens), Arsenal at 2 (evens) and Liverpool at 2 (evens), one would expect the total payout including the stake to amount to £160. But with the betting exchange restrictions to liquidity in place, the same customer could possibly have the odds of each team slashed to 1.8 (4/5), with a reduced total return of just £104. 98. The moral of the story, then, is to think twice before placing an accumulator bet on the betting exchanges.
The following link provides plenty of information:
http://help.betfair.com/contents/itemId/i65767704/index.en.html
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