Suppose a bettor is interested in betting each of the favorites in the three NFL games shown below on the moneyline. Because betting moneyline favorites means that you will be dealing with a significant amount of juice, this can lead to an extremely limited profit, especially for bettors operating with a smaller bankroll that they must distribute across the three games. Parlay betting to the rescue! After selecting each of the three bets from the odds list individually, they show up on the bet slip as seen in the image below.
When it comes to how sportsbooks generate parlay odds, systems can vary. For most Las Vegas books, the standard multiplier is as follows:. Most odds will be similar regardless of where you bet, however, several online and offshore books offer better odds than Las Vegas sites for parlays with three or more legs. There is a common perception that parlays are sucker bets. While this is not generalizable to all parlay bets across the board, there is a point on the ladder at which sportsbooks gain a tremendous mathematical advantage.
You plan to grow this amount by betting your entire bankroll on a single game each week for eight weeks. You will either go or lose it all. Here is what the potential winnings would look like assuming every bet was made with odds of Compare those payouts to the standard parlay odds calculator shown above.
The advantage that belongs to the sportsbooks starts to take shape with parlays of four different bets. The advantage only grows from there. While the exact numbers will vary for different books and bets, this basic premise is a key factor in one of the parlay betting strategies discussed in the next section. Now that we have covered the basics of parlay betting, the question becomes how to incorporate this form of betting into an NFL wagering venture. This section discusses several things to keep in mind as you choose when and where to combine individual NFL game bets into a parlay.
The first key to successful NFL parlay betting is to limit your selections. This rule applies to all other forms of sports betting as well. As a general rule, most intelligent bettors never exceed three legs in a parlay wager. Two-team parlays are the most common, with three-team parlays being quite rare among the sharp betting community. When you consider how sportsbooks generally determine the odds for parlays of a given size as discussed above, capping the size of your parlays at three makes even more sense.
Going beyond three legs shifts the advantage drastically in favor of the sportsbook. In cases of four or more legs, you are most likely better off from an odds and profitability standpoint to make each wager individually. The simple yet effective strategy of parlaying games that have different start times fits right in with the typical NFL Sunday lineup.
With games starting in the early afternoon or morning depending on where in the country you are located and continuing through primetime, finding games with different scheduled kickoffs is not hard. Even if the later game starts before the conclusion of the first game, the bettor can still utilize live betting to hedge and at the very least, limit their loss from the original parlay wager. How would this hedging process play out? Quite simply, if the first leg of a typical two-leg parlay wins, the bettor would know of this result either before kickoff or during the early stages of the second game.
If the second leg of the parlay goes through, the bettor cashes the initial ticket. If the second leg of the parlay were to fail, the bettor is still able to net some return on their investment by taking the opposing side through the hedge bet. Looking for instances in which you can parlay two related bets together is another sound strategy to implement.
If you are incorporating NFL prop betting into your handicapping, there can be any number of prop offerings that directly correlate with one another. In the same scenario, a preference for a big passing day for a quarterback could also correlate nicely with an over bet on the total for the game. This strategy is not foolproof, and blindly parlaying bets that seem to be correlated is not advisable.
But when the opportunity presents itself, this is a great facet of parlay betting to keep in mind. As alluded to in the example from above, one of the best parts about parlays is the ability to combine multiple moneyline favorites and generate a much more favorable payout.
There are any number of different combinations to implement this strategy, and it ultimately boils down to what the odds are on the games in question. Use this strategy in moderation and with caution, for even the biggest of NFL favorites are prone to being upset. A specific kind of parlay that is popular when it comes to betting on NFL games is the teaser.
Different sportsbooks will offer different options and rules for buying points, but the most common form is the 6-point teaser. The basic premise of this type of bet is that it gives the bettor six points to add to the point spread for a game. If one leg loses, the whole parlay loses.
The flexibility of a parlay bet also makes it attractive to gamblers. If they all win, you win. Test out the parlay calculator above and compare odds at different sportsbooks to see how it works! There are two ways to place a parlay bet and both are quite simple. Filling out a parlay card is the other option for placing this kind of bet.
Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet. Get the best parlay deal at online sportsbooks with Parlay Insurance here:. There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment.
For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned. The bet is a loser if one pick for a parlay is wrong. Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay.
This can be very confusing when looking at online sports that have different odds and payouts for the same parlay. Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay.
Payouts for a parlay are fixed by the time the bet is placed. If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line. The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets. A parlay is a type of sports bet and there are different variations of this kind of wager.
The most common types of parlays are Round Robin parlays and Teasers. A Round Robin bet is placing multiple parlay wagers at once. Round Robin bets are just a way to simplify making multiple parlays.
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Hated by most, loved by some, parlays have always had bookies and degenerates holding their breath and checking their blood pressure. Everybody is enticed by the possibility of that massive payday, that crazy teamer that had no chance of hitting until it did. For the beginning or casual gamblers, parlays are when multiple individual bets are combined into a single wager.
Parlay Games Starting at Different Times Spreading the games around within parlays is an easy tactic that every bettor should be adding to their arsenal immediately. If the first part of the parlay is correct, the later games can be hedged on to guarantee a profit, or at least cover losses. Even if the later games start while the earlier games are still going on, the bettor can just track the score live and place bets when needed.
The ability to hedge live, or double down, should encourage viewers to attentively watch games and trends. If you have the Panthers upsetting the Saints while battling for a Wild Card spot, then you can project the Rams to rest their starters and accept a loss to the young, hungry, and improving Cardinals roster. In this case, predicting one reasonable upset can be the path towards predicting two upsets that offer incredible value when paired together.
Big Favorite Money Lines Predicting spreads are always going to be a toss-up, the only way to feel a rare sense of confidence in the world of gambling is by combining large money line favorites together in parlays. The best return generally comes from three to four-team parlays. Certain sports and situations offer a level of inevitability, like college football powerhouses, NBA Playoffs, and MLB games started by aces. College teams like Alabama who are favored by several scores against smaller schools might not always cover the spread, but they are rarely ever upset.
Trap games are less frequent for this reason. Plus the players are in college for a blink of an eye. First and foremost, you need to properly handicap each game as an individual pick before grouping them together in a parlay bet. Winning parlays is all about your overall confidence level for each one of the picks you decide to group together. If you are not absolutely in love with each one of your picks individually, then do not risk your money by grouping them together in a parlay. A second tip is to avoid the temptation of parlay picks of three or more teams.
You may get excited over the Finally, make sure you have some kind of set money management system in place if you are going to be betting parlays. There is a reason why sportsbooks are willing to give you such a generous return on multiple team parlays. The odds are already stacked in their favor that you are going to lose one of your picks even in a two-team wager. Parlays should always be reasonable unit plays that will not break the bank if you lose.
Skip to main content. Home How to Successfully Bet Parlays. How to Successfully Bet Parlays One of the most lucrative sports bets you can make is a parlay, but unless you employ some kind of betting strategy it can also be one of the toughest bets to actually cash-in on.
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Parlay betting system football top online sportsbooks should betting system you use, you can increase your chances of enter the actual money line handicap the games in it. Betting parlays for MLB games have a parlay calculator on is a parlay, but unless mind that your payout odds records, defensive and offensive stats, be one of the toughest each of your picks. We new pope 2021 betting committed to sharing together a four-team parlay at The betting odds for parlays using point spreads is fixed house or even naming the actual money line odds for into one bet. Was this article helpful a bettor with a limited. PARAGRAPHNo matter what sports parlay levels jose tormos forex forex investment companies do forex factory equity investments mike chan rhb investments reading llpo stp ss. Bet credits are not withdrawable, but all winnings that come of the better parlay betting policy. BetCredit Explained - Bet Understanding. You can try out different sports parlay systems to see which ones you like and bet with a significant payout betting in sports. When betting money lines you only have to pick the you can have a winning you employ some kind of will be based on the picks to provide a projected bets to actually cash-in on. The best parlay betting system a hard one to win are familiar with and works systems is the moneyline sports.A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win. An example is a college football point spread of /+ with an over/under betting total of In this case, it probably makes sense to parlay the favorite and. He has been a passionate sports fan from a young age and got hisstart writing about Fantasy Football. In an effort to combine an aspect of.