Bet Types Explained, with Forint Examples

Seven bet types cover almost everything you can do in the Lizaro sportsbook: single, accumulator, system, handicap, over/under, live and cash out. Each section below gives the formula and a worked calculation at real limits — a 500 Ft minimum stake and a 5,000,000 Ft ceiling on the payout of any one slip.

lizaro.biz is an independent review site and does not accept bets. The purpose of this page is arithmetic: to show what each bet type actually returns, so that the difference between an impressive-looking price and a good bet is visible before money changes hands. All examples use decimal odds, which is the default format in the sportsbook.

The bet types at a glance

Bet type	Selections	How the return is calculated	Margin paid	Suits
Single	1	Stake × odds	Once, about 5%	A specific, confident view
Accumulator (parlay)	2 or more, all must win	Stake × product of all odds	Compounded per leg	Small stake, long-shot payout
System	3 or more, subsets pay	Stake split across every combination	Once per combination	Partial-correctness insurance
Asian handicap	1	Stake × odds, draw removed, refunds possible	About 4–5%	Backing a favourite at a fair price
European handicap	1	Stake × odds, three-way with a draw	5–6%	Expected heavy wins
Over/under	1	Stake × odds on a totals line	About 5%	A view on tempo, not on the winner
Live bet	1 or more	Same as pre-match, priced in-play	About 7%	Reacting to what you can see
Cash out	Applies to an open bet	Fair value minus the operator's cut	Charged on exit	Locking in or limiting a result

Single bets

Single: one selection, one outcome

Formula: return = stake × odds, and profit = stake × (odds minus 1). A single is the only bet type where the bookmaker's margin is applied exactly once, which is why it is the most efficient bet in the book despite being the least exciting.

Worked example: 5,000 Ft on a 1X2 selection at 2.30 returns 5,000 × 2.30 = 11,500 Ft, of which 6,500 Ft is profit. At the minimum stake of 500 Ft the same price returns 1,150 Ft. If the market carries the standard 5 percent margin, the true probability behind 2.30 is a little worse than the 43.5 percent the price implies.

Multiple bets

Accumulator: every leg has to land

Formula: return = stake × odds1 × odds2 × ... × oddsN. An accumulator, also called a parlay or a combination bet, folds several selections into one slip. The prices multiply, and so does the margin: four legs each priced with a 5 percent margin cost roughly 19 percent in total, because 1.05 to the fourth power is about 1.216.

Worked example: 2,000 Ft on a four-fold at 1.80, 2.10, 1.65 and 2.40 gives combined odds of 1.80 × 2.10 × 1.65 × 2.40 = 14.97. The return is 2,000 × 14.97 = 29,938 Ft, with 27,938 Ft profit. One losing leg out of four and the whole slip is dead — which is the trade you accepted when the odds multiplied.

The 5,000,000 Ft payout ceiling becomes real on long accumulators. A 2,000 Ft stake needs combined odds of only 2,500 to reach it, which an eight-fold of moderate prices can produce. Beyond that point, extra legs add risk without adding return.

System: paying for partial correctness

Formula: a system of type K/N splits the stake evenly across every combination of K selections drawn from N, and each winning combination pays independently. The number of combinations is the standard binomial: 2/3 gives three doubles, 2/4 gives six doubles, 3/4 gives four trebles, 3/5 gives ten trebles.

Worked example: a 2/3 system on selections at 2.00, 2.50 and 1.80 with a total stake of 3,000 Ft means 1,000 Ft on each of the three doubles. Suppose the 2.00 and 2.50 legs win and the 1.80 loses. The winning double pays 1,000 × 2.00 × 2.50 = 5,000 Ft; the other two doubles lose. Total return 5,000 Ft against a 3,000 Ft outlay — a 2,000 Ft profit from a slip that would have returned nothing as a treble. If all three legs win, all three doubles pay: 5,000 + 3,600 + 4,500 = 13,100 Ft.

The cost of that insurance is visible in the same example: a straight 3,000 Ft treble on all three legs winning would have returned 27,000 Ft, more than double the system's payout. Systems reduce variance, they do not increase expected value.

Line bets

Handicap: Asian and European

A handicap applies a virtual head start or deficit before settlement. The European version keeps three outcomes — favourite covers, underdog covers, adjusted draw — and uses whole numbers only. The Asian version removes the draw entirely by using half and quarter lines, and refunds the stake on whole-number lines when the result lands exactly on the handicap.

Worked example, Asian: 10,000 Ft on a favourite at minus 1.0 priced 1.95. A two-goal win returns 10,000 × 1.95 = 19,500 Ft. A one-goal win lands exactly on the line, so the stake is refunded in full and you get 10,000 Ft back. A draw or defeat loses the stake.

Worked example, quarter line: 10,000 Ft at minus 0.75 splits into 5,000 Ft at minus 0.5 and 5,000 Ft at minus 1.0. A one-goal win pays the minus 0.5 half at, say, 1.95 — returning 9,750 Ft — and refunds the other 5,000 Ft, for 14,750 Ft in total on a 10,000 Ft stake.

Worked example, European: 10,000 Ft on the favourite at minus 2 priced 2.60 requires a three-goal margin and returns 26,000 Ft. Exactly two goals of margin is the handicap draw and loses this selection, because the European version keeps that outcome as a separate, bettable result.

Over/under: totals

Formula is the plain single formula applied to a totals line: return = stake × odds if the combined total finishes on the correct side of the number. Half-point lines cannot push; whole-number lines refund the stake if the total lands exactly on the line.

Worked example: 4,000 Ft on over 2.5 goals at 1.85 returns 7,400 Ft if three or more goals are scored, and nothing on 0-0, 1-0 or 1-1. On a whole-number alternative such as over 2.0 at 1.55, a 2-0 finish would refund the 4,000 Ft rather than lose it — a lower price bought in exchange for a safety net.

In-play tools

Live betting

Live, or in-play, betting uses the same bet types on a reduced market list while an event is running. The mechanics are unchanged; the pricing is not. In-play margin runs at roughly 7 percent against 5 to 6 percent pre-match, and prices refresh continuously, so the slip will ask you to accept a moved number if it changes between your tap and your confirmation. Markets suspend at goals, cards, reviews and injuries.

Worked example: a 3,000 Ft live bet at 3.40 returns 10,200 Ft. The same outcome priced pre-match at 3.60 would have returned 10,800 Ft — the 600 Ft difference is roughly what the wider in-play margin and the changed match state cost you.

Cash out

Formula, approximately: cash-out value = stake × original odds × (1 / current odds) minus the operator's cut. In plain terms, the book calculates what your bet is now worth at current prices and offers you slightly less than that.

Worked example: a 5,000 Ft bet at 4.00 has a potential return of 20,000 Ft. Your selection is now trading at 1.60, meaning the fair value of the position is roughly 20,000 / 1.60 = 12,500 Ft. After the cut, the offer might be about 11,800 Ft. Take it and you bank 6,800 Ft of profit with certainty; let it run and it is 15,000 Ft profit or nothing. Neither choice is wrong, but taking cash out systematically hands back a small edge each time.

Limits that apply to every bet type

The minimum stake is 500 Ft per slip, so a system with several combinations needs enough total stake to keep each line above the floor. The maximum win from a single slip is 5,000,000 Ft regardless of type, and weekly withdrawals cap at 1,500,000 Ft. If you are working through the 50 percent sports bonus up to 25,000 Ft, only selections at 1.80 or higher count towards the 6 times wagering — a rule that quietly disqualifies most short-priced singles and many accumulator legs.

Try these bet types on the live slip

Frequently asked questions

What is the real difference between a single and a parlay?

A single stands or falls on one outcome, so the bookmaker's margin is applied once. A parlay, or accumulator, multiplies several prices together, which multiplies the margin along with them: four legs at a 5 percent margin each cost you roughly 19 percent in total. The payout looks bigger because the risk is compounded, not because the value improved.

How is a system bet calculated?

A system splits your stake across every combination of a given size. A 2/3 system on three selections creates three doubles, so a 3,000 Ft total stake is 1,000 Ft per double. If two of the three selections win, one double pays and the other two lose, so you recover something instead of losing everything — which is exactly what a three-fold accumulator would have done.

Which handicap type should I choose?

Use an Asian handicap when you want the draw removed and a stake refund on whole-number lines; use a European handicap when you expect a comfortable win and want the longer price that keeping the draw provides. Asian lines usually carry a slightly thinner margin, which is why sharper bettors default to them.

Does cash out cost me money?

In expectation, yes. The cash-out figure is the current fair value of your bet minus the operator's cut, so taking it repeatedly gives away a small edge every time. What you buy in return is certainty, which can be entirely rational on a large slip. Cash out is unavailable while a market is suspended and is not offered on every market type.

What are the stake and payout limits on these bet types?

The minimum stake is 500 Ft, which applies per slip — so a 2/3 system with three combinations needs 1,500 Ft to keep each line at the minimum. The maximum win from any one slip is 5,000,000 Ft. That ceiling is what stops very long accumulators from paying their full theoretical return, and withdrawals are separately capped at 1,500,000 Ft per week.

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