Parlay Betting Strategy GuideParlay Betting Strategy Guide – How To Win With Parlay Betting? Online sports wagering could be a gigantic industry, and it’s not going absent anytime before long! It includes wagering on all sorts of sports, indeed video amusement competitions. There are bounties of wagering openings nearby the typical single coordinate bets.
50% up to $1,000
50% Up to $250
50% up to $1,000.
50% up to $1,000
What Is Parlay Betting? – Parlay Betting Strategy GuideLet’s begin off with the basics—what is parlay betting? A parlay wager could be a very common sort of sports wagering most bettors are commonplace with. It’s been around for ages, getting a charge out of bounty of ubiquity in both EU and the US in spite of having two completely diverse names. Americans call it “parlay betting,” whereas Europeans call it “accumulator betting.”
What Does a Parlay Pay?Here’s what you’ll anticipate from most bookies in terms of commonplace parlay chances and payouts:
|2 team||2.6 to 1||$260||$360|
|3 team||6 to 1||$600||$700|
|4 team||11 to 1||$1,100||$1,200|
|5 team||22 to 1||$2,200||$2,300|
|6 team||45 to 1||$4,500||$4,600|
|7 team||90 to 1||$9,000||$9,100|
|8 team||180 to 1||$18,000||$18,100|
Where Can You Place Parlay Bets Online? – Parlay Betting Strategy GuideMost online sportsbooks permit clients to put parlay wagers. Each will have somewhat distinctive guidelines for what parlay wagers are substantial, but those terms will be clarified on the sportsbook site.
Best US Sites for Parlay Betting
Best Non-US Sites for Parlay Betting
- Betway Sports
- Spin Sports
Difference Between Conventional and True Odds Parlays – Parlay Betting Strategy GuideYou see, the above-example highlights a fixed-odds framework that as it were works in case both choices are 50/50. Be that as it may, on the off chance that you’re wagering on sports, there are continuously favorites and underdogs, and the chances are never the same. To calculate these sorts of parlay scenarios, you’ll ought to do a few sports wagering math!
How Much Do Parlay Bets Pay?We’ve as of now talked around settled chances to parlay wagers! Presently, let’s get down and grimy with the calculations for your sports wagering endeavors. As specified prior, sports bring forward energetic chances, meaning no two wagers will have the precise same 50/50 chances. Fortunately, the calculations aren’t all that complicated. On the off chance that you’re utilizing decimal chances, basically increase all wagers with the stake. In the event that you’re wagering on a three-team parlay with the taking after chances: 1.2, 1.5, and 1.4, fair multiply all three numbers together with your stake.
- 1.2 times, 1.5 times, 1.4 times $100 equals $252 payout.
- $152 won when we take out the stake
What Happens in Case of a Tie? – Parlay Betting Strategy GuideIn the event that there’s a tie (more commonly known as thrust), the parlay neglects that bet and brings down the number of add up to wagers, coming about in a lower payout. For case, on the off chance that you contribute in a five-team parlay, nail down four wins and the ultimate coordinate could be a tie, your bookie will lower your chances from 22 to 1 to 11 to 1 and pay you out accordingly.
Pros of Parlay Bets
- Higher returns than single wagers
- Great for free play bonuses
- High-risk, high-reward
- Correlated parlay potential
- Tons of excitement
Cons of Parlay Bets
- High-risk, high-reward
- Correlated parlay bets not accepted
- Fixed odds favor the bookies
- Increased chance of a dry spell
Free Play Bonuses – Parlay Betting Strategy GuideThree-team parlays are awesome for freebie wagers and other rewards. Why is that so? Well, they bring forward somewhat more juice than genuine chances and permit you to free-play three distinctive wagers. These days, bookmakers are advertising unimaginable welcome rewards (based on the sum of the starting store), and testing with three-team parlays along with your reward reserves seem to get you that additional bit of oomph you need.
Correlated ParlaysConnected parlays are based on certain combinations that will either both win or lose. For occurrence, wagering on the Lakers to win and Lebron James to go over on add up to focus is the idealized illustration of a related two-bet parlay. The issue with connected parlays is that numerous sportsbooks regard it illicit and won’t acknowledge connected bets.
Reduced Juice – Parlay Betting Strategy GuideThe NFL is the culminating illustration of the so-called “reduced juice” marvel. In NFL, 50/50 wagered recommendations are very common, and a few bookies offer 6.5 to 1 on three-team parlays, which brings forward more esteem than wagering on the standard -105 option.
Top Reasons to Avoid Parlays
1) Bankroll StrategyDynamic wagering frameworks are by and large respected as destitute techniques for both bankroll administration and bankroll development. Proficient bettors make bets based on their measured edge per diversion. Whereas the math can work out, doing the math for appropriate wager measuring on a parlay may be a part of included work with small to no upside for most sports bettors.
2) VarianceParlay wagers have higher fluctuation than straight wagers. Here you’re getting the same chances, but your chance of hitting a dry spell is incredibly expanded. When the chances are the same it is most frequently way better to go with the lower change choice, which in this case is straight wagers.
3) Line ShoppingSports bettors maximize their benefit by continuously shopping for the most excellent cost. For case, finding -4 when other destinations are -4.5, and finding reduced vig alternatives such as -104 rather than -110. When wagering parlays, you’ll got to discover the foremost favorable chances for each group at a single wagering location. This situation is uncommon, so by and large you’ll conclude up with superior chances by making straight bets at different wagering sites.
Are Parlays and Accumulators the Same Thing?Yessir, parlays and gatherers are the precise same thing. The word parlay is commonly utilized within the US while accumulator (AKA acca) is more commonly utilized within the UK and EU. They both speak to the same thing: a bunch of two or more wagers, each of which should go through to win.
Are Parlay Bets Worth It? – Parlay Betting Strategy GuideLet’s make one thing clear, sports wagering specialists don’t suggest wagering on parlays as a practical long-term technique. With that said, it doesn’t fundamentally cruel parlays aren’t worth it. We’ve as of now given you a few perfect scenarios for parlay wagers, but in the event that that’s not sufficient for you, maybe the sheer excitement of the chase will be. Envision the bragging rights after nailing down a four-team parlay! That’s more important than cash, right?
How Much Should You Invest in Parlays?Indeed in spite of the fact that parlays might appear like an extraordinary way of getting insanely wealthy, the chances of you really winning 100% of three-team parlays with sufficient consistency are beautiful moo. With that in mind, it’s best to not have unreasonable desires within them to begin with. Indeed on the off chance that you can’t offer assistance but to dream huge, make beyond any doubt you don’t contribute as well much cash. High-risk, high-reward kind of bargains can be precarious, particularly for beginners, so make sure beyond any doubt you merely wagered with the money you’ll be able to bear.
Is Parlay Betting Legal? – Parlay Betting Strategy GuideThere’s nothing unlawful about parlay wagering. In reality, you’ll once in a while see a trustworthy bookmaker without back for parlay wagers. Connected parlays, on the other hand, are regularly prohibited. On the off chance that you’ll discover a bookie that acknowledges such combinations, be beyond any doubt to drain it for what it’s worth!
Are Parlays Sucker Bets? – Parlay Betting Strategy GuideThere’s a common misguided judgment in sports wagering that all parlays are sucker bets. This is often essentially since most sports bettors are not recognizable with how they work, or how to wager them properly.
How Are Parlay Bets Calculated?When talking around 50/50 recommendation parlays, you don’t have to do any manual calculations. Everything you wish to know about that framework can be found within the table at the best of this page. Be beyond any doubt that this situation as it were works for sports that have a plenty of 50/50 matches, such as the NFL. If, in any case, you’d like to bet on soccer, esports, or other sports disciplines, you’ll be managing with energetic chances. How to calculate the payout?
THE DOWNSIDE OF PARLAY BETTING – Parlay Betting Strategy GuideMost sources will tell you parlays are a poor way to bet on sports, at least in terms of long-term expected value. That’s because for a parlay to have a positive expected value (+EV), all or almost all of the bets in the parlay must have a positive expected value.
- Parlay: -$9
- Straight bets: -$4.55
THE UPSIDE OF PARLAYS – Parlay Betting Strategy GuideNow, despite what the content in the sports betting industry overwhelmingly tells you, parlays are not the root of all evil. There are good reasons to bet parlays as well.
WHAT HAPPENS TO MY PARLAY BET IF THE GAME GETS CANCELED?Since parlay bets are made up of multiple legs, newer bettors often have questions about grading parlays. Obviously, a single loss dooms the parlay, but sometimes bets neither win nor lose.
WHAT HAPPENS TO MY PARLAY BET IF THE GAME GETS CANCELED? – Parlay Betting Strategy GuideSince parlay bets are made up of multiple legs, newer bettors often have questions about grading parlays. Obviously, a single loss dooms the parlay, but sometimes bets neither win nor lose.
TYPES OF PARLAYS – Parlay Betting Strategy GuideThe most common types of parlays are Round Robin parlays and Teasers.
Round RobinA Round Robin bet is placing multiple parlay wagers at once. It’s just that simple. Round Robin bets are just a way to simplify making multiple parlays. When a bettor “Round Robin’s” teams in sports betting it’s similar to a horse bettor “boxing” horses for an exacta or trifecta bet in a race.
TeaserA teaser is similar to a traditional parlay where the bettor can select multiple teams or totals. However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay.
- For example, the Kansas City Chiefs -7 can be teased down six points to -1. Meanwhile, the Houston Texans can be teased up six points from +4 to +10 points.
HOW DOES A PARLAY BET PAY OUT? – Parlay Betting Strategy GuideAgain, when the sportsbook accepts the parlay bet, they set up a multi-level wager wherein each bet that wins becomes a bigger wager on the next leg.
Let’s look at some examples of how parlays would work with hypothetical bets from Week 1 of the NFL season. All of the lines to follow come from DraftKings Sportsbook. Since we’ve already broken down a two-team parlay, we’ll take a look at a three-team parlay and then a four-team parlay.