How To Win Parlays
2021年11月15日Register here: http://gg.gg/ww6rm
Google defines a parlay as a “cumulative series of bets in which winnings accruing from each transaction are used as a stake for a further bet.” To put that in layman’s terms, a parlay is simply placing multiple bets at once in the same bet and, therefore, needing all the bets to win order for a parlay to be successful. This article will walk through how to bet parlays including an overview of what a parlay is, calculating parlay odds, parlay bet variations and when professional bettors use parlays.
*How To Win Parlay Bets
*How To Win Basketball Parlays
*How To Win Parlays Reddit
*How To Win Big On ParlaysTable of ContentsWhat is a Parlay?
A parlay only wins if none of the sides, totals or money lines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately. 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.
If a bettor were to bet three different lines, and only two of them proved to be winners, then the parlay would pay out zero dollars because it is an all-or-nothing type of wager. The idea behind betting a parlay is to improve the bets’ odds by pairing them together. For instance, a team may be listed as a -200 favorite, where there is a low payout for betting them by themselves, but by pairing them with a team that is favored at -105, a $200 wager would instead net $385.71 as opposed to the original $100 (by just betting the -200 favorite alone). A visual display is helpful to personify how parlays alter the odds.
If an individual were to bet three separate games by themselves, betting $100 per contest, this would be the outcome:GameWager AmountOddsOutcomeProfit1$100-125Win$802$100-125Win$803$100-125Win$80
By betting these games separately, a bettor would make a $240 profit.
Now, if instead of betting the games separately, the bettor instead decided to parlay the three games at -125 each, one $100 wager would have netted $483.20 in profit or $583.20 in total.
On the flip side, if one of the picks were to be incorrect, betting the games separately would be the more profitable approach.GameWager AmountOddsOutcomeProfit/Loss1$100-125Win$802$100-125Win$803$100-125Lose($100)
In this scenario, the bettor would have wagered $300 in total and would have finished with $60 in profit. If the same bettor were to have parlayed these three teams, the bet would have lost because one of the teams did not win (or cover), and the bettor would be down $100 (the price of the bet).
Parlays increase both the risk and potential return on your bets.
Return to Table of Contents
Calculating Parlay Odds
Calculating odds on a parlay is a difficult proposition and sportsbooks may have different odds for teams so the same parlay could pay out slightly differently depending on the sportsbook. The different methods for calculating parlay odds are as follows:
Bet Online
Use an online calculator
Calculate the odds yourself
Betting online is the easiest method for calculating odds as the websites calculate the odds for the bettor. They will show exactly how much money will be won from the parlay prior to placing the bet. If you’re interested in betting online we have deposit bonuses setup with DraftKings, Fanduel, PointsBet and William Hill.
Using an online calculator is also relatively easy because the lines can simply be typed in and the calculator will determine the amount you stand to win from the parlay.
Calculating the odds yourself is a difficult task but also one that can be taught based on the true odds. The true odds of a bet is determined by converting the moneyline odds on each bet into decimal odds. If the team is favored, the decimal odds can be determined by dividing the moneyline by 100 and adding that to 1.0. For instance, if a team is a -110 favorite, 100/110 equals 0.91 so the true odds of the bet would be 1.91. In the case of an underdog, the odds can be determined by diving the money by 100 and adding that to 1.0. A +110 underdog would divide 110/100 to get to 1.1 and the true odds of the bet would 2.10.
This chart shows the true odds of parlays where each bet is -110.# of TeamsTrue Odds23.64/136.97/1413.3/1525.4/1
Compare the odds offering by your sportsbook to the true parlay odds comparison shown below to understand if your sportsbook is building in additional vig (or juice).Parlay Bet Pushes
When one of the bets in a parlay pushes, or breaks even, the standard practice is to treat the bet as if it were not part of the parlay. If you bet an over/under as part of a three-team parlay, and the other two lines prove to be winners while the over/under pushes, then the bet is paid out as a two-team parlay. Bettors will want to read the site/book rules on parlays to confirm this is the case prior to betting with an operator. Some operators will make up their own rules to decrease the favorability of the odds for the bettor so it is on the onus of the bettor to confirm the rules prior to wagering.
Parlay Variations
There are three different types of potential parlays to bet on operators other than a standard, multi-line setup. Some unique parlay variations can be placed include:
Open Parlays
Progressive Parlays
Mutli-Chance Parlays
An open parlay is defined as a parlay where the games all do not need to finish at once. Bettors can decide to pair lines on a given date and hold on to the final pieces of the parlay in order to increase odds. For instance, if a bettor feels great about the Browns and Giants one weekend, but also wants to leave the possibility open to increase the odds, bettors can place an open bet and add in additional games you want at a later date.
A progressive parlay is defined as a parlay that offers the bettor the ability to win as long as a certain threshold of games is picked correctly on a ticket. For instance, if you bet a four-team progressive parlay, you could choose to get paid if you pick two games correct, three games correct or four games correct. In this scenario, a bettor would receive more money depending on how many games are correct within the bet. Four games correctly would pay more than three and three games correct would pay more than two. This is different than a multi-game parlay which would pay the same regardless as long as the minimum threshold was equaled or eclipsed.
A multi-chance parlay allows you to win as long as you pick a certain threshold of pre-determined games on a ticket. For example, if the threshold is to pick at least three games correctly in a progressive parlay (out of five lines total), bettors will make the same amount on the wager whether three teams win or five. In this format, bettors receive the same payout as long as they hit the minimum threshold of correct bets within a parlay. It gives parlay bettors some breathing room compared to a normal parlay, just in case they get a game or two wrong, but also offers significantly worse odds.
How to Bet Parlays: When Professionals Use Parlays
Parlays are some of the most popular bets for casual sports bettors because of the increased risk and reward associated with them, and often have a negative stigma for more serious sports bettors, but parlays are also valuable tools that some professional sports bettors use. Professionals use parlays in a multitude of ways and find ways to gain an edge by using them.
Avoiding Betting Limits. Many casinos and/or sportsbooks feature maximum bet limits on specific sports and games, but also offer the ability to bet parlays. Parlays are a way to maximize the potential of the money bet on a matchup. Whereas a casino may cap their limit at $1,000 per bet, a $1,000 three-game parlay would offer a very different return than just a $1,000 single-game moneyline bet. Since Parlays maximize your return when you’re right, and maximize the penalty when you’re wrong, they can be a tool in even the most experienced bettors toolkit.
Correlated Bets. Parlays can also be used to gain a potential edge by pairing up correlated bets. While sportsbooks have made an attempt to remove this edge from some of the most popular bet types, you may still come across a new sportsbook that allows this or a specific situation where correlated bets may make sense. For instance, an MLB team may be facing off against a starting pitcher who has shown recent struggles and been pulled early his last two starts. There are also rumors from the local beat writer that the pitcher has blisters on his throwing hand. To add to this, the team played extra innings last night and were forced to use a lot of their bullpen depth. This is a scenario where the speculation on blisters could be wrong and the recent performance just a blip on the radar, but if it is accurate than it is very likely that a Cubs win and OVER bet would be correlated, and a bettor would then consider betting both the Cubs moneyline and the over of the game in a parlay.
Similarly, if you believe a sports market has mispriced an entire factor, it is likely to be off on all bets of that type. This could include things like the weather in a PGA TOUR event, rule changes in football, or the change in manufacturing location and materials for a baseball.
Interested in learning more about How to Bet on Sports? Check out our educational series.
Looking for the best deposit bonuses and promo codes? We have the best deposit offers and promo codes available for DraftKings, Fanduel, PointsBet, and William Hill.
A parlay bet is a popular form of sports wagering most gamblers are familiar with. In case you’re not, this bet is rather easy to understand. 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.
To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7. If your bankroll is limited to just $100, using straight wagers you’d make four separate bets of $25 to win $22.73. If you we’re feeling both lucky and in the mood to gamble, you might instead bet them all together as a four team parlay. Under the parlay option, the stakes would be $100 to win at least $1,000. To win, you’ll need to go 4-0; if one or more games push while all others win, the payout is reduced, and with any other outcome, the bet is a loss.
What happens if there’s a push in a parlay? That bet will be taken out of the parlay and the payout will be reduced as if there were one fewer team in the parlay. So if you had a 4 team parlay and you got three picks cocrrect and the other was a push, you would be paid out the odds of a 3 team parlay.
Parlay bets can be very tempting as they can offer some big payouts. See a recent parlay Kevin made at 5Dimes.eu and cashed in on!Are Parlays Sucker Bets?
There is a general misconception in sports betting that all parlays are sucker bets. This is simply because most sports bettors are not familiar with how they work, or how to bet them properly. In this article, I’ll address parlay betting strategies, but first let’s look at parlay odds and how they are calculated.
Video slots bonus code. The parlay odds at most Las Vegas sportsbooks are:How To Win Parlay Bets
2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1
Online the odds are similar, though some sites such as BetNow and MyBookie offer better odds starting with three teams and up. What’s important to note is that these are fixed odds based on a 50/50 wagering proposition. If a spread is listed at Home Team -7 / Road Team +7 this is 50/50 proposition. If, instead, the spread was Home Team -7 -105 / Road Team +7 -115, this is no longer a 50/50 proposition, and the payout will be calculated using a method bookmakers refer to as “true odds”. I’ll cover that later in this article, but first let’s take a moment to understand where fixed parlay odds are derived from.
Let’s say you decide for the next eight weeks you’re going to bet the Monday night football game, starting with a $1.00 bankroll and betting your entire bankroll each week until you go 8-0 or bust. The potential win is as follows:
Week 1: $1.00 to win $0.91: If win total profit = $0.91 (Bankroll =$1.91)
Week 2: $1.91 to win $1.74: If win total profit = $2.65 (Bankroll =$3.65)
Week 3: $3.65 to win $3.32: If win total profit = $5.97 (Bankroll =$6.97)
Week 4: $6.97 to win $6.34: If win total profit = $12.31 (Bankroll =$13.31)
Week 5: $13.31 to win $12.10: If win total profit = $24.41 (Bankroll =$25.41)
Week 6: $25.41 to win $23.10: If win total profit = $46.51 (Bankroll =$47.51)
Week 7: $47.51 to win $43.19: If win total profit = $89.70 (Bankroll =$90.70)
Week 8: $90.70 to win $82.45: If win total profit = $172.15 (Bankroll =$173.15)
The reason parlays are often sucker bets shows up in this middle column. Had you bet these in an 8 team parlay, you’d only get paid 150 to one. Essentially, a parlay is no different than betting all in each time, only parlays generally pay much worse. However, you’ll notice the odds are not poor until you get to four teams, where the sportsbook has a whopping 31.25% advantage. Two teams pay a smidgen worse than the manual parlay (all in each time) option, where three team parlays pay a smidgen better. Rarely ever is a 2 or 3 team parlay a true suckers bet.What Does a Parlay Pay?
As I mentioned earlier, fixed parlay odds vary greatly between online sportsbooks. Here is some info on which sites offer the best fixed parlay odds:
In general two team parlays pay +260, or $260 for every $100 bet. BetNow offers +264.5, and 5Dimes.eu offers +264, which is better than the +260 most betting sites offer.
3 team parlays pay 6/1 or $600 for every $100 bet. BetOnline.ag is the leader in the industry in 3 team parlay payouts.How To Win Basketball Parlays
This is the area where betting sites generally hurt the sports bettor, paying only 10 to 1, which gives them a 31.25% advantage. This can be avoided when betting at BetNow where the payout is +1228.3, or at 5Dimes where it is +1228.
Generally speaking, parlaying 5 teams or more teams is not a good idea; however, for sports gamblers looking for a lotto ticket, 5dimes.eu and Bookmaker.eu each offer up to 15 team parlays and have by far the best odds in the business on these.
How much does a 15 team parlay pay? A 15 team parlay will pay out over +16,000. I just tested this out and a $1 15 team NFL parlay at -110 odds will payout $16,306. Good luck hitting on that!True Odds Parlays
1 Earlier, I mentioned fixed odds are only given when all selections are 50/50 propositions. If one side of a line requires a greater stake than the other to yield the same payout, this is not a 50/50 proposition, and the bookmaker will now use “true odds”. What’s important to note is that true odds doesn’t actually mean the “true odds” of winning. Rather, true odds pays the same as if you bet each team individually and rolled the profit forward each time, which is what I showed in the example of 8 all in bets starting with a $1.00 stake.
To calculate true odd parlays, each bet first needs to be converted into a multiplier. To do this, take what a winning ticket would return and divide it by the amount risked. For example, at -110 a $110 stake returns $210 ($110 stake + $100 win). Calculating the multiplier as return/risk here, we plug in 210/110, which means the multiplier is 1.91. If we did the same on -115, the multiplier is 215/115=1.87.
Let’s say you’re in the mood to gamble on an 8 team parlay, but the only out available to you is a bookmaker paying 150-1 fixed odds. A trick of the trade here is to include one bet that is priced differently than -110 in order to force the bookmaker to use true odds. So, let’s say you make 7 selections priced at the standard -110 pricing and one at -115. A true parlay calculates by multiplying each modifier together. The math is 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.87, which equals 173.41. This bet returns 173.41 times the stake, which includes the risk amount, so the bet is 1 to win 172.41. Notice this is significantly better than the fixed odds payout of 1 to win 150 on an 8 team parlay. In short, the trick of the trade when dealing with poor fixed odds is to simply add one team to the parlay that is priced differently than the standard -110.How To Win Parlays Reddit
As you can now see, if you know how to bet parlays properly, they are not always sucker bets. There are, however, a few reasons that parlays are generally not a good move. I’ll cover these, and then cover the times it does make sense.Top Reasons to Avoid Parlays
1) Progressive betting systems are generally regarded as poor strategy for both bankroll management and bankroll growth. Professional bettors make wagers based on their quantified edge per game. While the math can work out, doing the math for proper bet sizing on a parlay is a lot of added work with little to no upside for most sports bettors.
2) Parlay bets have higher variance than straight bets. Here you’re getting the same odds, but your chance of hitting a dry spell is greatly increased. When the odds are the same it is most often better to go with the lower variance option, which in this case is straight wagers.How To Win Big On Parlays
3) Line Shopping – Sports bettors maximize their profit by always shopping for the best price. For example, finding -4 when other sites are -4.5, and finding reduced vig options such as -104 instead of -110. When betting parlays, you’ll need to find the most favorable odds for each team at a single betting site. This scenario is rare, so generally you’ll end up with better odds by making straight wagers at multiple betting sites.Parlays That Make the Most Sense:
Reduced Juice – BetOnline.ag offers 6.5 to one on three team parlays. This comes out better than betting sides at the -105 price standard reduced juice sports books offer. In sports such as NFL football where 50/50 wagering propositions are common, a sports bettor gets far superior odds by betting 3 team parlays at BetOnline.
Correlated Parlays – If a bookmaker was offering betting lines on both “will it be cloudy today?” and “will it rain today?”, if allowed, you’d be much better off betting either both as no, or both as yes, in a parlay bet as opposed to straight wagers. While this is a simplified example, there are plenty of times when outcomes are correlated in sports betting. For example, a handicapper might determine that if one team covers the spread, the game is more likely to go over or under the posted total. Also, during the final week of the NFL season
https://diarynote-jp.indered.space
Google defines a parlay as a “cumulative series of bets in which winnings accruing from each transaction are used as a stake for a further bet.” To put that in layman’s terms, a parlay is simply placing multiple bets at once in the same bet and, therefore, needing all the bets to win order for a parlay to be successful. This article will walk through how to bet parlays including an overview of what a parlay is, calculating parlay odds, parlay bet variations and when professional bettors use parlays.
*How To Win Parlay Bets
*How To Win Basketball Parlays
*How To Win Parlays Reddit
*How To Win Big On ParlaysTable of ContentsWhat is a Parlay?
A parlay only wins if none of the sides, totals or money lines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately. 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.
If a bettor were to bet three different lines, and only two of them proved to be winners, then the parlay would pay out zero dollars because it is an all-or-nothing type of wager. The idea behind betting a parlay is to improve the bets’ odds by pairing them together. For instance, a team may be listed as a -200 favorite, where there is a low payout for betting them by themselves, but by pairing them with a team that is favored at -105, a $200 wager would instead net $385.71 as opposed to the original $100 (by just betting the -200 favorite alone). A visual display is helpful to personify how parlays alter the odds.
If an individual were to bet three separate games by themselves, betting $100 per contest, this would be the outcome:GameWager AmountOddsOutcomeProfit1$100-125Win$802$100-125Win$803$100-125Win$80
By betting these games separately, a bettor would make a $240 profit.
Now, if instead of betting the games separately, the bettor instead decided to parlay the three games at -125 each, one $100 wager would have netted $483.20 in profit or $583.20 in total.
On the flip side, if one of the picks were to be incorrect, betting the games separately would be the more profitable approach.GameWager AmountOddsOutcomeProfit/Loss1$100-125Win$802$100-125Win$803$100-125Lose($100)
In this scenario, the bettor would have wagered $300 in total and would have finished with $60 in profit. If the same bettor were to have parlayed these three teams, the bet would have lost because one of the teams did not win (or cover), and the bettor would be down $100 (the price of the bet).
Parlays increase both the risk and potential return on your bets.
Return to Table of Contents
Calculating Parlay Odds
Calculating odds on a parlay is a difficult proposition and sportsbooks may have different odds for teams so the same parlay could pay out slightly differently depending on the sportsbook. The different methods for calculating parlay odds are as follows:
Bet Online
Use an online calculator
Calculate the odds yourself
Betting online is the easiest method for calculating odds as the websites calculate the odds for the bettor. They will show exactly how much money will be won from the parlay prior to placing the bet. If you’re interested in betting online we have deposit bonuses setup with DraftKings, Fanduel, PointsBet and William Hill.
Using an online calculator is also relatively easy because the lines can simply be typed in and the calculator will determine the amount you stand to win from the parlay.
Calculating the odds yourself is a difficult task but also one that can be taught based on the true odds. The true odds of a bet is determined by converting the moneyline odds on each bet into decimal odds. If the team is favored, the decimal odds can be determined by dividing the moneyline by 100 and adding that to 1.0. For instance, if a team is a -110 favorite, 100/110 equals 0.91 so the true odds of the bet would be 1.91. In the case of an underdog, the odds can be determined by diving the money by 100 and adding that to 1.0. A +110 underdog would divide 110/100 to get to 1.1 and the true odds of the bet would 2.10.
This chart shows the true odds of parlays where each bet is -110.# of TeamsTrue Odds23.64/136.97/1413.3/1525.4/1
Compare the odds offering by your sportsbook to the true parlay odds comparison shown below to understand if your sportsbook is building in additional vig (or juice).Parlay Bet Pushes
When one of the bets in a parlay pushes, or breaks even, the standard practice is to treat the bet as if it were not part of the parlay. If you bet an over/under as part of a three-team parlay, and the other two lines prove to be winners while the over/under pushes, then the bet is paid out as a two-team parlay. Bettors will want to read the site/book rules on parlays to confirm this is the case prior to betting with an operator. Some operators will make up their own rules to decrease the favorability of the odds for the bettor so it is on the onus of the bettor to confirm the rules prior to wagering.
Parlay Variations
There are three different types of potential parlays to bet on operators other than a standard, multi-line setup. Some unique parlay variations can be placed include:
Open Parlays
Progressive Parlays
Mutli-Chance Parlays
An open parlay is defined as a parlay where the games all do not need to finish at once. Bettors can decide to pair lines on a given date and hold on to the final pieces of the parlay in order to increase odds. For instance, if a bettor feels great about the Browns and Giants one weekend, but also wants to leave the possibility open to increase the odds, bettors can place an open bet and add in additional games you want at a later date.
A progressive parlay is defined as a parlay that offers the bettor the ability to win as long as a certain threshold of games is picked correctly on a ticket. For instance, if you bet a four-team progressive parlay, you could choose to get paid if you pick two games correct, three games correct or four games correct. In this scenario, a bettor would receive more money depending on how many games are correct within the bet. Four games correctly would pay more than three and three games correct would pay more than two. This is different than a multi-game parlay which would pay the same regardless as long as the minimum threshold was equaled or eclipsed.
A multi-chance parlay allows you to win as long as you pick a certain threshold of pre-determined games on a ticket. For example, if the threshold is to pick at least three games correctly in a progressive parlay (out of five lines total), bettors will make the same amount on the wager whether three teams win or five. In this format, bettors receive the same payout as long as they hit the minimum threshold of correct bets within a parlay. It gives parlay bettors some breathing room compared to a normal parlay, just in case they get a game or two wrong, but also offers significantly worse odds.
How to Bet Parlays: When Professionals Use Parlays
Parlays are some of the most popular bets for casual sports bettors because of the increased risk and reward associated with them, and often have a negative stigma for more serious sports bettors, but parlays are also valuable tools that some professional sports bettors use. Professionals use parlays in a multitude of ways and find ways to gain an edge by using them.
Avoiding Betting Limits. Many casinos and/or sportsbooks feature maximum bet limits on specific sports and games, but also offer the ability to bet parlays. Parlays are a way to maximize the potential of the money bet on a matchup. Whereas a casino may cap their limit at $1,000 per bet, a $1,000 three-game parlay would offer a very different return than just a $1,000 single-game moneyline bet. Since Parlays maximize your return when you’re right, and maximize the penalty when you’re wrong, they can be a tool in even the most experienced bettors toolkit.
Correlated Bets. Parlays can also be used to gain a potential edge by pairing up correlated bets. While sportsbooks have made an attempt to remove this edge from some of the most popular bet types, you may still come across a new sportsbook that allows this or a specific situation where correlated bets may make sense. For instance, an MLB team may be facing off against a starting pitcher who has shown recent struggles and been pulled early his last two starts. There are also rumors from the local beat writer that the pitcher has blisters on his throwing hand. To add to this, the team played extra innings last night and were forced to use a lot of their bullpen depth. This is a scenario where the speculation on blisters could be wrong and the recent performance just a blip on the radar, but if it is accurate than it is very likely that a Cubs win and OVER bet would be correlated, and a bettor would then consider betting both the Cubs moneyline and the over of the game in a parlay.
Similarly, if you believe a sports market has mispriced an entire factor, it is likely to be off on all bets of that type. This could include things like the weather in a PGA TOUR event, rule changes in football, or the change in manufacturing location and materials for a baseball.
Interested in learning more about How to Bet on Sports? Check out our educational series.
Looking for the best deposit bonuses and promo codes? We have the best deposit offers and promo codes available for DraftKings, Fanduel, PointsBet, and William Hill.
A parlay bet is a popular form of sports wagering most gamblers are familiar with. In case you’re not, this bet is rather easy to understand. 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.
To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7. If your bankroll is limited to just $100, using straight wagers you’d make four separate bets of $25 to win $22.73. If you we’re feeling both lucky and in the mood to gamble, you might instead bet them all together as a four team parlay. Under the parlay option, the stakes would be $100 to win at least $1,000. To win, you’ll need to go 4-0; if one or more games push while all others win, the payout is reduced, and with any other outcome, the bet is a loss.
What happens if there’s a push in a parlay? That bet will be taken out of the parlay and the payout will be reduced as if there were one fewer team in the parlay. So if you had a 4 team parlay and you got three picks cocrrect and the other was a push, you would be paid out the odds of a 3 team parlay.
Parlay bets can be very tempting as they can offer some big payouts. See a recent parlay Kevin made at 5Dimes.eu and cashed in on!Are Parlays Sucker Bets?
There is a general misconception in sports betting that all parlays are sucker bets. This is simply because most sports bettors are not familiar with how they work, or how to bet them properly. In this article, I’ll address parlay betting strategies, but first let’s look at parlay odds and how they are calculated.
Video slots bonus code. The parlay odds at most Las Vegas sportsbooks are:How To Win Parlay Bets
2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1
Online the odds are similar, though some sites such as BetNow and MyBookie offer better odds starting with three teams and up. What’s important to note is that these are fixed odds based on a 50/50 wagering proposition. If a spread is listed at Home Team -7 / Road Team +7 this is 50/50 proposition. If, instead, the spread was Home Team -7 -105 / Road Team +7 -115, this is no longer a 50/50 proposition, and the payout will be calculated using a method bookmakers refer to as “true odds”. I’ll cover that later in this article, but first let’s take a moment to understand where fixed parlay odds are derived from.
Let’s say you decide for the next eight weeks you’re going to bet the Monday night football game, starting with a $1.00 bankroll and betting your entire bankroll each week until you go 8-0 or bust. The potential win is as follows:
Week 1: $1.00 to win $0.91: If win total profit = $0.91 (Bankroll =$1.91)
Week 2: $1.91 to win $1.74: If win total profit = $2.65 (Bankroll =$3.65)
Week 3: $3.65 to win $3.32: If win total profit = $5.97 (Bankroll =$6.97)
Week 4: $6.97 to win $6.34: If win total profit = $12.31 (Bankroll =$13.31)
Week 5: $13.31 to win $12.10: If win total profit = $24.41 (Bankroll =$25.41)
Week 6: $25.41 to win $23.10: If win total profit = $46.51 (Bankroll =$47.51)
Week 7: $47.51 to win $43.19: If win total profit = $89.70 (Bankroll =$90.70)
Week 8: $90.70 to win $82.45: If win total profit = $172.15 (Bankroll =$173.15)
The reason parlays are often sucker bets shows up in this middle column. Had you bet these in an 8 team parlay, you’d only get paid 150 to one. Essentially, a parlay is no different than betting all in each time, only parlays generally pay much worse. However, you’ll notice the odds are not poor until you get to four teams, where the sportsbook has a whopping 31.25% advantage. Two teams pay a smidgen worse than the manual parlay (all in each time) option, where three team parlays pay a smidgen better. Rarely ever is a 2 or 3 team parlay a true suckers bet.What Does a Parlay Pay?
As I mentioned earlier, fixed parlay odds vary greatly between online sportsbooks. Here is some info on which sites offer the best fixed parlay odds:
In general two team parlays pay +260, or $260 for every $100 bet. BetNow offers +264.5, and 5Dimes.eu offers +264, which is better than the +260 most betting sites offer.
3 team parlays pay 6/1 or $600 for every $100 bet. BetOnline.ag is the leader in the industry in 3 team parlay payouts.How To Win Basketball Parlays
This is the area where betting sites generally hurt the sports bettor, paying only 10 to 1, which gives them a 31.25% advantage. This can be avoided when betting at BetNow where the payout is +1228.3, or at 5Dimes where it is +1228.
Generally speaking, parlaying 5 teams or more teams is not a good idea; however, for sports gamblers looking for a lotto ticket, 5dimes.eu and Bookmaker.eu each offer up to 15 team parlays and have by far the best odds in the business on these.
How much does a 15 team parlay pay? A 15 team parlay will pay out over +16,000. I just tested this out and a $1 15 team NFL parlay at -110 odds will payout $16,306. Good luck hitting on that!True Odds Parlays
1 Earlier, I mentioned fixed odds are only given when all selections are 50/50 propositions. If one side of a line requires a greater stake than the other to yield the same payout, this is not a 50/50 proposition, and the bookmaker will now use “true odds”. What’s important to note is that true odds doesn’t actually mean the “true odds” of winning. Rather, true odds pays the same as if you bet each team individually and rolled the profit forward each time, which is what I showed in the example of 8 all in bets starting with a $1.00 stake.
To calculate true odd parlays, each bet first needs to be converted into a multiplier. To do this, take what a winning ticket would return and divide it by the amount risked. For example, at -110 a $110 stake returns $210 ($110 stake + $100 win). Calculating the multiplier as return/risk here, we plug in 210/110, which means the multiplier is 1.91. If we did the same on -115, the multiplier is 215/115=1.87.
Let’s say you’re in the mood to gamble on an 8 team parlay, but the only out available to you is a bookmaker paying 150-1 fixed odds. A trick of the trade here is to include one bet that is priced differently than -110 in order to force the bookmaker to use true odds. So, let’s say you make 7 selections priced at the standard -110 pricing and one at -115. A true parlay calculates by multiplying each modifier together. The math is 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.87, which equals 173.41. This bet returns 173.41 times the stake, which includes the risk amount, so the bet is 1 to win 172.41. Notice this is significantly better than the fixed odds payout of 1 to win 150 on an 8 team parlay. In short, the trick of the trade when dealing with poor fixed odds is to simply add one team to the parlay that is priced differently than the standard -110.How To Win Parlays Reddit
As you can now see, if you know how to bet parlays properly, they are not always sucker bets. There are, however, a few reasons that parlays are generally not a good move. I’ll cover these, and then cover the times it does make sense.Top Reasons to Avoid Parlays
1) Progressive betting systems are generally regarded as poor strategy for both bankroll management and bankroll growth. Professional bettors make wagers based on their quantified edge per game. While the math can work out, doing the math for proper bet sizing on a parlay is a lot of added work with little to no upside for most sports bettors.
2) Parlay bets have higher variance than straight bets. Here you’re getting the same odds, but your chance of hitting a dry spell is greatly increased. When the odds are the same it is most often better to go with the lower variance option, which in this case is straight wagers.How To Win Big On Parlays
3) Line Shopping – Sports bettors maximize their profit by always shopping for the best price. For example, finding -4 when other sites are -4.5, and finding reduced vig options such as -104 instead of -110. When betting parlays, you’ll need to find the most favorable odds for each team at a single betting site. This scenario is rare, so generally you’ll end up with better odds by making straight wagers at multiple betting sites.Parlays That Make the Most Sense:
Reduced Juice – BetOnline.ag offers 6.5 to one on three team parlays. This comes out better than betting sides at the -105 price standard reduced juice sports books offer. In sports such as NFL football where 50/50 wagering propositions are common, a sports bettor gets far superior odds by betting 3 team parlays at BetOnline.
Correlated Parlays – If a bookmaker was offering betting lines on both “will it be cloudy today?” and “will it rain today?”, if allowed, you’d be much better off betting either both as no, or both as yes, in a parlay bet as opposed to straight wagers. While this is a simplified example, there are plenty of times when outcomes are correlated in sports betting. For example, a handicapper might determine that if one team covers the spread, the game is more likely to go over or under the posted total. Also, during the final week of the NFL season
https://diarynote-jp.indered.space
コメント