Sports Betting in the Philippines | Live, Outright, and Parlay Betting

Sports betting is a fairly popular pastime and real money betting option where bettors can bet on their favorite sports events when covered by the sportsbooks powering Rich9. The most popular sport worldwide is generally soccer, but MGM Sport provides a lot more odds and betting markets for other sports, including Basketball, Tennis, and Esports. Other sportsbooks generally focus on soccer but may also offer odds for other games.

Sports betting is generally a slow burn betting experience where the outcome isn’t determined immediately unless when placing live sports bets. The biggest wins from sports bets typically come from one of the following:

Huge stakes on an outcome
Early outright bets when the odds are still high
Parlay bets

Live betting is one of the more popular options, but other bettors who aim to win big tend to either bet on parlays even with small stakes or use outrights with fairly hefty stakes to try and get either longshot wins or safe bets on the favorite in a league.

Live Sports Betting

Live betting allows players to bet on ongoing matches and see how the odds change overtime. Unfortunately, Rich9 doesn’t stream these matches and bettors will instead need to look for a channel to watch the match live if they want to bet according to how the teams or players are performing in a match.

Live sports betting is popular since bettors can watch a match and bet accordingly. Betting live without watching a match doesn’t make too much sense since bettors will only be able to see the odds and have no actual data to use to make an educated guess on who will win.

Outright Betting

Outright sports bets are usually bets on outcomes that won’t be resolved until after several months. This is largely synonymous with Futures bets that can even take years before the bet is resolved, except that online sportsbooks typically only offer odds on known leagues.

Most outright bets are the following:

League Winner
Gold Medal Winner
Top Goalscorer
Best Player of the Tournament
To Reach the Final

Betting on these as early as possible allows bettors to take advantage of higher-than-normal odds even for clear favorites. Several teams in the League Winner bet will become unavailable for betting once they no longer have any more matches to play and the odds for favorites will get lower too as the outcome becomes apparent.

Parlay Betting

Parlay bets are an accumulation of multiple bets in one betting slip, resulting in the odds per match getting multiplied. This allows bettors to win big even when they only placed a small bet as their initial winnings are multiplied by the odds of the second match they bet on until all match results are resolved. Some bettors already won millions or a few hundred thousand after winning a few legs in a parlay.

The main disadvantage of parlays is that losing a single bet forfeits the entire parlay, so winning ten matches on a 12-leg parlay to win a few hundred thousand results in all of the winnings being forfeit when either the eleventh or twelfth bet ends in a loss.

A good way to win in parlays is using easy-to-win betting markets like the Double Chance market as they’re easier to win in than the standard moneyline bets. The low odds are a downside but parlays will result in higher payouts as the odds are multiplied.

FAQs

Yes. Although the most popular sport in the Philippines is basketball, most sportsbooks tend to focus on soccer matches and leagues.

Parlays are extremely profitable when bettors get lucky and win multiple bets. The only downside is that all bets are forfeit when one leg loses. Whether you should bet on parlays depends on whether or not you have an idea on how the different teams will perform in their matches.

Yes. These bets won’t get resolved quickly but they are great to bet on especially when the odds on the favorite are relatively high when betting early in the season.

Conclusion

Sports betting in the Philippines is quite popular, especially since a lot of Filipinos are sports fans. Thanks to MGM Sports, basketball fans will be able to bet on basketball matches and leagues instead of just betting on soccer matches.

Try out sports betting at Rich9 today.