Chain Bet Guide: How to Bet & How It Works

What is a Chain Bet?

A chain bet is a high-risk, high-reward type of bet where multiple selections are linked together. Each leg of the bet depends on the previous one winning. If the first selection wins, the winnings (plus stake) are used as the stake for the following selection in the chain.

If any selection loses, the entire chain bet fails—so it’s riskier than standard multis, but also offers bigger potential returns.

Chain bets are popular with experienced Australian punters looking to multiply their returns on multiple selections.

How Does a Chain Bet Work?

Let’s break it down simply for you.

Step-by-Step Chain Bet Process

Choose at least two selections (usually from different events).
Place your initial stake on the first event.
If the first selection wins, the stake + winnings go to the second event.
This continues through the chain until:
- All bets win = huge payout.
- One bet loses = chain ends and no payout.

Chain Bet Example (AUD)

Match	Selection	Result	Action Taken
Match A	Team X to win	Win	Winnings roll over to Match B
Match B	Team Q to win	Win	Winnings roll over to Match C
Match C	Team M to win	Win	The final payout is calculated cumulatively

If any match is lost, the chain ends.

Why Choose a Chain Bet?

Benefits

Potential for high payouts from small stakes.
Keeps getting exciting as each win builds the chain.

Risks

One wrong pick ends the bet.
Not ideal for beginners unless you understand your picks well.

Can I Include Multiple Bets from the Same Event?

Chain bets are usually limited to different events, but some sportsbooks may allow multiple selections from the same match (e.g., first goal scorer and final result). Always check the rules of your betting platform.

Australian Punters: Here’s What You Need to Know

All winnings and stakes are in AUD.
Make sure your sportsbook allows chain betting and clarify their payout structure.
Not all platforms support the same-event selections in chain bets.

FAQs: Chain Bet Questions Answered

What is a chain bet in sports betting?

A chain bet comprises multiple selections, where each win rolls into the next as the stake.

Is a chain bet better than a multi (parlay)?

It depends. A chain bet offers higher potential payouts but more risk—one loss ends the entire bet.

Can I use a bonus or free bet on a chain bet?

Check with your sportsbook. Many platforms don’t allow bonuses to be used on chained bets.

Can I cancel or cash out a chain bet?

Most sportsbooks do not allow early cashout of chain bets once started. Always verify this before betting.

How many selections can I include in a chain bet?

The minimum is usually two, but most platforms will let you add more. Remember: more selections = more risk.

Are chain bets legal in Australia?

Yes, chain bets are legal in Australia if offered by a licensed sportsbook.

Final Thoughts

Chain bets aren’t for everyone, but if you understand how they work and like the thrill of high-risk, high-reward betting, they can be a fun way to level up your betting game. Remember to start small, learn the system, and only bet what you can afford to lose.