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The thing with parlay betting is that it is just not as straightforward as many players assume. You have to choose your spots very carefully. If you are not sure whether the best option is to place a parlay or single wagers, then try and stick to the single wagers. When you decide to moneyline odds for parlay betting, the bets will be relative to the odds of each of your selections within that parlay. In this case, your odds will go up if you pick several underdogs, but your odds will be lower if you decide to select the big favorites.
This makes moneyline parlays a great option for an annual trip to Vegas, where the idea is to go big or go home. However, parlay betting for people who take their sports seriously may not be a reasonable betting strategy since they are too high risk.
There are two instances when football parlays can be winning bets. The first case is obvious; when neither of the sides, moneylines or totals picked is a loser. The other case where a parlay wager can still be considered a winner is in case of a tie or a game is canceled. Like any other types of wagers, not all parlay payouts are the same. Sports betting sites could have varying odds for the selection of events that are picked in a parlay.
This ends up being quite confusing when looking at games that have varying odds and payouts for the same parlay. Moreover, the said odds could be changing at any time, and so, you must confirm before placing your parlay wager. Payouts for a parlay are fixed by the time the bet is placed.
While the odds and lines for a given game could change, the parlay odds and lines will not be altered by the house after you place the wager. In case the lines change in your favor as you bet, you can place another parlay wager with the fresh line. There are two different ways in which parlay payouts can be calculated, either using true odds or fixed odds.
For fixed odds, all the selections in a parlay have to be at odds. Therefore, they are commonly used for parlays that involve total selections and point spread. The number of selections in the wager is directly related to payouts. The odds will generally vary at different betting sites. The method for true odds is a little different.
Therefore, the payout is the same as if you were to bet on each selection continuously and individually, then roll the initial stake and the winnings onto the next selection. All things considered, true odds for parlays offer more value than fixed odds parlays. Check out this betting calculator to see what payouts you can expect from a wager.
These benefits include:. Here are a few precautions you must keep in mind if you are to do things the right way. By now, you should already have understood how true odds and fixed odds parlays are different. You should know, most betting sites often automatically use true odds rather than fixed-odds to calculate the potential earnings of this type of wager.
This will always be the case if any of your picks have any other odds except So, a good trick here is always to try to include such a selection. Doing so basically forces a betting site into paying out at the better odds.
Never risk a huge chunk of your betting cash on any specific bet. This rule is especially true for parlays. Going too big on this type of wager without due diligence is a surefire way of going broke even before you start enjoying your betting. This one of the simplest tips for football parlays, and perhaps even fairly obvious. However, it is still worth our mention because many punters ignore it because of the thrill of massive wins.
The more selections you include in a parlay, the harder it is to get right. Check the maximum payout for the bookmakers because this could also be a factor irrespective of your selections. Even so, it could be a potential problem for parlays. A plethora of online betting sites offer reload bonuses to existing customers and offer sign up bonuses to new customers.
Sometimes, these bonuses come in the form of free play credits or money that is added straight into your account. Even though you only get the payout, this is still exciting. It is essential that you get the best possible value from free play credits because they can only be used once.
Therefore, an excellent way to do this is to use them for placing parlays. For instance, a 3-way parlay will give you an opportunity to make the three selections instead of only one. While there is no assurance of a payout, the potential payout would be much higher. Since these free bets often have no actual risk, it is more sensible to chase the higher potential returns. Combining a sound strategy for buying points with the use of parlays can be quite profitable.
However, you can only do this if you know how to buy points efficiently. Happy gaming! Gambling Problem? Call Gambler. William Hill. Those lines convert to 1. The biggest drawback with parlays is the added risk that comes from needing to select two or more sides. Everyone knows how difficult it can be to pick just one winner. While the payout goes up, odds of winning get worse with each team added to a parlay ticket. Combos are "all or nothing" bets, as winning three games on a four-team team combo doesn't earn a return.
Beyond the large payouts, earned with a small investment, parlays have positives. When possible, it's wise to have a mix of early and late-night games on parlay tickets. If the early games win, an in-game wager on the late-night contest can set up a guaranteed profit. Also, some sportsbooks offer early cashouts to reduce their risk. The payout is lower, but bettors don't need to sweat the games still in play. Hedges and cashouts are personal decisions worth considering.
Cashing winning parlay tickets is a huge rush and can help player's boost their bankroll. Before placing bets, players need to perform proper research and should avoid adding longshots to parlay tickets. On the other side of the coin, bookmakers have an edge over parlay players, and that's why they tempt them with such significant returns. Parlays are an exciting betting option, but moderation is suggested. Gambling Moneyline Betting.
Gambling What is a Point Spread? Brady can afford to lose a Lombardi Trophy or two after winning ring No. New York Gov. The NBA released a statement about playing the national anthem at games after news broke that the Mavericks omitted it for 13 games. A win over Swansea City sets a new standard for English clubs across all competitions. Salter says. Home Gambling. What is a Parlay?