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Parlay Betting Explained: What Is Parlay Betting?
Should You Bet Parlays?
Types of Parlay Odds & Payouts
- Money Line Parlay Bets - This bet involves selecting the outcome of more than one tie in a single bet. All the teams you have picked as favorites must win their respective games for the betting card to pay out.
- Parlay Futures - A player's betting card may parlay his predictions for the tournament winner with each game of the team predicted to win during the round-robin phase of the competition.
- Over/Under Betting - Players who are concerned about betting on the exact score of multiple teams can predict the total points of each game. This is a relatively safe bet as each league competition generally has an expected average number of goals per game over time.
Pros Of A Parlay Bet
Cons Of A Parlay Bet
Sports Parlay Betting System
- The most common bets that players generally choose are two or three team parlay bets. You can increase the odds on these bets by placing a substantial amount of money on them to make the bet worthwhile. In our opinion, this is a safer bet than betting on more than three lines on the same ticket.
- The majority of players take the lines from parlay bets and mix them up. They do this to take advantage of the different odds found in each betting market. For example, if you bet on a line from a basketball playoff game and then use that line in a parlay with a match bet on cricket to somehow "improve" or "boost" your payout, you have parlayed bets on two different sports.
- Players should understand that the payout on a parlay is dependent on the specific combination of bets chosen. In other words, a money line parlay only pays respectably if you pick the underdogs to do something they don't normally do - win.
- Also, make sure you understand how the parlay calculator works. The vigorish of each bet is built into the odds that the bookmaker gives. And since cumulative odds are used to determine what the player should receive for a winning parlay, it goes without saying that the risk increases as more selections are added to the parlay.