Home /
News /
Parlay Bet – The Biggest Wins From This Lucky Wager /

Parlay Bet – The Biggest Wins From This Lucky Wager

Let's be frank here, all sports betting is hard. By nature, sports and their players are very unpredictable. It's hard enough just having a winning single bet. But with Parlay bets, you're going to be betting on a string of results. If just one of these bets fails, then you'll lose the entire wager. As such, you'll need huge amounts of luck. Nevertheless, there have been some very famous cases where a lucky punter has turned a tiny wager into millions of pounds, mainly on the horses.

Rate this news

What is a Parlay Bet?

Many sports bettors normally place a single bet on a game or an event. But in parlay betting, you’ll be placing multiple bets at the same time and on different games. For the novice sports bettor, this can be quite the challenge. Keep in mind that your chances of taking home any winnings from parlay betting are going to be smaller than with single bets. But on the other hand, the amount of winnings is going to be significantly more. By using a website for betting, like 22Bet Sportsbook, you’ll have a better chance of winning the jackpot online. They also offer a great welcome bonus for all new players of 122% up to €100!

Once the parlay bet has been placed then the payout odds are fixed at that point. This means that even if the odds happen to change during the game it makes no difference to your original betting odds and payout. This is why it’s so important to plan ahead of time and to be confident about the decisions you’re making. Here at Jackpotfinder.com, we always suggest that you take the time to compare the odds of different sportsbooks. Only play with those that offer the best. For the best jackpot winning strategies, we suggest that you do some homework and look at previous results.

It’s A Very Risky Bet

It’s important to note that your parlay bets are going to be a much riskier proposition than regular sports wagers. One of the main reasons for this is that if only one of your predictions is wrong, then the whole bet is off, and you will lose the entire wager. So you’re taking a huge risk when you make a parlay bet. Though on the other hand, there’s the delicious possibility of an equally huge payoff. When you look at some successful parlay bets, you’ll see that the winners must be some of the luckiest people in sports betting.

Biggest Parlay Win Ever In Horse Racing

In March 2011, Steve Whiteley, a heating engineer from North Towton, was the winner of the biggest parlay wager in history. Thanks to a free promotion, he attended the Exeter racecourse in Devon and took part in the Tote Jackpot. The aim here is to predict 6 winners on the race card. For reasons unknown, he picked the following horses: SemiColon (2-1), Black Phantom (12-1), Ammunition (16-1), Mr Bennet (16-1), Lundy Sky (5-1) and Lupita (12-1).

One of the crazy aspects of this bet was that Lupita hadn’t won a single race over the last 26 racers. Not only that, but the jockey, Jessica Lodge, had never won a race before. As the horse races progressed, everyone at the race track became aware of Whiteley’s good fortune. He kept winning race after race. Soon even the bookmakers themselves were becoming nervous at the prospect of such a big win.

Six Winners Bring In A Massive Prize

As you probably guessed by now, Lupita won the rice and by doing so brought to fruition all of Whiteley’s predictions. All in all, this crazy parlay bet brought home a whopping prize of £1,445,671.71. It turned out that Steve Whiteley only liked to visit the racetrack once or twice a year. As for choosing the horses for this winning parlay bet, he claimed it was totally random. One of the first things he did with the money was to buy two first-class plane tickets for him and his wife to go on a worldwide vacation. With a bet like this, it must be stated that the Gods were certainly looking down on him and smiling.

Turn 50p Into £1m With One Parlay Bet

Going back a few years, we can find another punter at the horse races who had another huge win. A fertiliser salesperson from Thirsk in New Yorkshire called Fred Craggs. He was a regular at the horse racing track and would place very very small bets as a hobby. On a fateful day in February 2008, he placed a 50p parlay bet with William Hill Betting Shop on an 8 horse race. William Hill would later state that Fred Cragg’s bet was the most amazing wager since Their betting business was legalised in 1961.

Now for Fred to win his bet, it was going to be a real uphill struggle. For all eight horses to come in as winners, it would mean that the odds were stacked against him at around 2 million:1. Maybe it was because it was his 60th birthday, but when he was on his way to place another 50p bet, he discovered that he’d won £1 million. And funnily enough, the first horse that won was named, “Isn’t that lucky” and the final winner was called “a dream come true.”

When asked about his decision-making process to make such a parlay bet, he said he simply relied on his instincts. Nevertheless, his huge winnings changed his life and even bought him a spot in the Guinness Book of Records. One admirable quality was that he kept quiet about this win in order to surprise his family. This parlay bet shows that’s all you need is luck, as Fred was the epitome of a low roller. With 22Bet Sportsbook giving you such a tasty welcome bonus, then you don’t need to break the bank in order to have a big win.

Bet on horse racing at the 22BET Sportsbook

An Astounding 19-Team Parlay Bet

For any number of reasons, the vast majority of big winners, whether from playing casino jackpot games or betting on sports, prefer to keep their identities anonymous. A good example of this would be a parlay win that occurred In November 2011. An unknown man from Malta managed to defy all the odds on a 19 leg parlay bet which he placed with just £1.

He placed the bet with the bookmaker William Hill and it featured predictions for 19 football matches. These included Swansea vs Manchester United, Southampton vs Brighton and Norwich vs Arsenal. Probably the most important wager prediction was the one on Liverpool beating Chelsea away at 7:2. This last match took the odds to a massive 683,738. Keep in mind that with a parlay bet on 19 matches, even if one match were to fail, then the whole wager would be lost. And no one goes home with the football jackpot.

Down To The Final Minutes In The Last Match

After an amazing run of good fortune, the unknown man managed to score 18 matches correctly. But the very last match all but looked impossible. Yet as the clock ticked the final minutes down, a goal by Glenn Johnson sealed the win. All in all, he managed to win £683,739 and beat overwhelming odds. If you decide to make parlay bets on football, then we suggest you don’t take the betting process too seriously. As a given, never bet big. And make sure you enjoy the football match itself, rather than just thinking about your parlay bet being a winning one. That’s because, to win any parlay bet, you’ll need an extraordinary amount of luck.

Darren Yates A Magnificent Parlay Bet

If you have an interest in horse racing, then you would certainly be familiar with Frankie Dettori. He was a jockey who, over the years, has found great success, especially with an amazing winning streak at the British race track called Ascot. On the same day, a compulsive gambler with a troubled business from Lancashire called Darren Yates, placed a parlay bet that Dettori would win all seven races for that day.

Frankie Dettori may be an excellent jockey, but even he said it’s impossible to predict whether you would win or not because so much depends upon the horse you’re giving to ride. On the day in question, he predicted that he may win more races than he would lose. But he doubted that he would win them all. In fact, the odds of being champion across all seven races were 25,051:1. In spite of these odds, many punters decided to bet against them. Simply because they believed in the abilities of the jockey. As you can imagine, as the day progressed, all the bookies and gamblers were on the edge of our seats, as they could see Frankie kept winning races.

Winning Seven Races In A Row

In the final race, Frankie would win riding Fujiyama Crest. This series of wins put him into the history books and made all his horses heroes. On that day, many gamblers took home some nice winnings. Though none managed to beat Darren’s £550,000. The funny part was that after Darren placed the bet he went to play football with his local friends. Only much later in the evening did he discover his good fortune. Darren used the funds to kick start a property business that is worth more than £20 million today. As for Frank Dettori, he would continue being a successful jockey and eventually became a household name. The winning horse, Frigiano Crest, would retire and become one of Derotti’s pets.