22Bet has seen its popularity as valued sports betting partner increase exponentially since opening in 2017. With a superior sportsbook that offers thousands of monthly sporting events, 22Bet offers betting options, like chain bets and others.
However, understanding how to create a chain bet in 22Bet can be a challenge to newcomers new to online betting. Therefore, this article will explain what is a chain bet at 22Bet, explain how a chain bet works and how to place a chain bet on 22Bet.
What is Chain Bet in 22bet
What is a chain bet in 22bet is like it is at any other online bookie site; it is a bet that combines multiple single bets that are independent of one another. The role of the bettor is to select the order of the bets that are to be included within the chain and the stake amount. The stake amount is entered on the first single and is applicable for each single within the chain.
For example, a chain bet on six single events with a £10.00 stake on odds of 2.0, 1.5, 2.0, 3.0 and 1.5, should the first event result in a win, £10 is paid with £5 being carried over to the next event, while the remaining £5 is placed to the “Chain Account. For the second event, a win would generate £7.50 in winnings, of which £3.75 is carried over to the next event, while £3.75 is placed in the chain account.
If the third event ends in a loss, £5 is removed from the chain account, and should the fourth result in a win, £7.50 is carried over, and £7.50 is applied to the chain account. If the fifth event also ends in a loss, £7.50 is taken from the chain account, leaving the punter with a chain account balance of £3.25 (£5 + £3.75 – £5 + £7.50 – £7.50).
How to Place a Chain Bet on 22bet
How to place a 22Bet chain bet is similar to staking a bet on any other sporting event bet with the bookie. The first step is to open an account at 22Bet, and the second is to fund your account using one of the available payment methods. Thereafter, you will need to complete the following:
- Step 1: Log in to your 22Bet Account – Before you can place a chain bet, you will need to log into your 22Bet account. This is accomplished by clicking the “Log In” button on the 22Bet homepage.
- Step 2: Select a sporting event – After logging in, you will need to select sports or live sport from the main menu. Then, using the left column, select a sporting event and preview the betting markets and the posted odds.
- Step 3: Choose your single bets and outcomes – After selecting an event and reviewing the markets and posted odds, choose several single bets and outcomes and add them to your bet slip.
- Step 4: From the Drop-down ‘Bet type‘ menu, select the Bet Chain option and the related bets. The first match in your ticket will be the initial selection in your bet chain.
- Step 5: Enter the stake amount – After adding your single bets and outcomes to the bet slip, enter the amount you wish to stake.
How Does A Chain Bet Work?
The way a chain bet works is every single bet, and the stake amount are joined together as one, meaning in order for the bettor to win, the first bet must result in a win. If it does, the stake amount is divided by two, with one half being directed to the second single and the remaining half being credited to the chain account. For each loss, the stake amount will be deducted from the chain account, and at the end of the chain bet, any remaining amounts within the chain account are deemed as profits.
How Bets are Calculated in the Chain
How bets are calculated in the chain is straightforward and easy to understand. As we explained above, for each winning bet in the chain, 50% of the stake is carried over to the next selection, and 50% is paid to the chain account. If the chain account has a positive balance after each event in the chain, that amount is transferred to the bettors’ account. This amount can be used to bet on other sporting events on 22Bet, or it can be withdrawn.
Chain Betting Strategy
Putting together a chain betting strategy is much like the strategies you would apply when you place an accumulator bet. The reasoning is simple enough if the first bet losses, the rest of your chain bet is a loss, meaning the best strategy you can apply when placing a chain bet is to make sure your first bet is your safest bet and the riskiest one is your last.
FAQ on How to Create A Chain Bet in 22Bet
How to register on 22Bet com?
The steps on how to register on 22Bet require you to complete the registration form and verify your account. Alternatively, you can find out how more details on how to register via our 22Bet registration guide.
How to use 22bet bonus benefits?
To use 22Bet bonus benefits, you will need to activate the bonus, make a qualifying deposit and ensure you meet the wagering requirements.
How to deposit money to 22bet com?
To deposit money to 22Bet, you will need to log into your account, click on “Deposit”, select a payment method and make a minimum deposit of at least £1.00.