Why Sports Bettors Should Avoid Parlays

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Ties Lose Parlay Card

In this example, we will presume you want to make a 3-pick parlay. We will choose three teams to win straight up or on the moneyline as they would look in sportsbooks. In short, variance tells us how long we might expect to go without winning a wager. In the case of the three team ticket we need to win 14.3% of our wagers but compared to 52.4% of our -110 bets. This means that we will have much longer dry streaks with the parlay strategy. Longer dry streaks mean smaller bankrolls and a greater chance of washing out.

The Reality Of Nfl Parlays

Parlays are a cheaper way to win bigger payouts potentially. For example, if you want to place $11 on a bet, but winning $10 doesn’t excite you enough, you could put that $11 to use in a parlay. Betting $11 on a three-bet parlay where each bet had -110 odds would turn into $79.23 if all three bets won. This multiplies because a parlay forces the all winnings from the previous bets to roll over into the next one. Expert gamblers will tell you that parlays are almost always negative expected-value outcomes.

Though it would be nice to be able to take odds on both sides of the same bet, it’s not a typical betting practice. Although parlays offer a larger payout, you still want to ensure you have enough money to keep betting. That’s a parlay gambling problem you definitely want to avoid. When you make yourdeposit, remember that if you lose even one bet on your card, all the bets in your parlay lose. We offer some of the best odds and highest limits in the market to give you every chance of success. Whether you’re a first time player or a proven pro, we cater to every member of the sports betting community.

There Are Two Ways To Win:

Her most profitable sport to bet on is NFL, but she also enjoys looking for winners in NCAAF, NBA, NHL, Soccer, Tennis, and more. When she isn’t catching informative post football or writing informative and engaging commentary, she’s working on perfecting her lasso-whip forehand or binging on reality TV. TCU is riding a three-game losing streak into Week 10, succumbing to Oklahoma, West Virginia and Kansas State.

In other words, the odds you receive are a fairer representation of the actual odds of it happening. In football and basketball parlays against the spread, the payouts are already determined and the juice is more extravagant. While the payouts look incredible at first glance, the actual odds of it far surpass the potential payout. The parlay bet is a lot like Casey Anthony , simultaneously very attractive and highly dangerous.

Best Parlay Betting Sportsbooks

You also know of the pros and cons and different types of parlays. Now you’re ready to start learning how to actually win betting parlays. And for that we have five expert tips that will increase your chances of becoming a winning player. Simply log into your online sportsbook, choose the sport you’re betting, and select “parlay.” Then choose the games and type of bet you want for each game. Yes, you can select the point spread and over/under on the same game. To choose a parlay wager, you first select at least two standard wagers you like.


But the way that parlays are constructed can be a mystery to some, specifically when it comes to calculating the payout amount. Fortunately, calculating the odds of a parlay bet is easy to do, as just a little bit of math can eliminate the mystery behind this popular wager. Another item that bettors should look for is the potential for parlay boosts at a sportsbook. Parlay boosts increase the odds of parlay bets, enhancing their potential payouts and making them more profitable. Fortunately for bettors, there aren’t many sites where parlay betting is not an option. Every major sports betting site that is legal in the United States offers parlay action.

With parlay bets, your returns will be dependent on all selections winning. If they do the returns have the potential to be huge but if they do not you will have lost your entire stake which of course is the biggest drawback of using parlay bets. To summarise using single bets is a far more conservative approach and a much better type of wager to build a successful strategy around. On the other hand, it is very popular for sports betters to implement a betting strategy on the more exotic markets such as the over/under market.

This can be seen from the examples in the previous section. Your parlay can mix and match bets from tons of different markets on sportsbooks. With parlays, each game you place on your “card” MUST win for you to win the parlay. As you can see from the odds, your chances get smaller each time you input a result in. For example, a big favorite in a game would help your odds, but most likely decrease your total payout. Here are the odds that are typical on at most parlay betting sites.