Betting Parlays

Parlays (also known as combo bets), are one of the most popular betting types out there, and the reason is because it allows bettors to obtain better earnings while risking less cash, which is why to win them is not as easy as with other wagering types such as the straight wager.

The easiest way to understand a parlay is with an example, so here we go:

On parlays, you can combine different sports, spreads, money lines and even totals, so in this case we will pick a 3 team parlay with

• The Heat at - 5
• The Patriots game to go over 35
• The Yankees on the ML at +140

In a parlay, all picks should be winners or the entire bet becomes a loss, with a canceled game as the only exception, as when this occurs, the parlay, in our case, would go from a 3 team parlay to a 2 team parlay if any of the sporting events in our combo bet doesn’t take place, and this of course would result in a different outcome when it comes to the cash you can win, being less the money, but also less the risk to lose the wager.

Going back to our example, let’s say that Miami won their match 100 to 93, this is a win, so this is a win; the Patriots match ended 23-15, for a total of 38, so we have another win here, and NY also defeated their rival. As all 3 picks were positive, we have a won parlay here.

When it comes to what you can win, that would depend on what are you betting on, as if you are wagering on hoops and football totals and spreads, you will commonly be working with standard odds fixed at -110, meaning that for every $110 you wager, you will get $100, and when you are integrating a pick in your parlay that includes money lines or a different sport, then your wager will be evaluated using true odds, and to calculate winnings for this, you can always utilize our free parlay calculator.

When betting parlays, you should consider a few things that would make it easier for you to win, such as checking your picked teams previous results as home team and also as underdog, also making sure that your favored team will be featuring or not its major star players, and if the game will take place in an open stadium, also checking for weather conditions. These and other considerations can really make the difference when deciding what to pick and what not, allowing you to take better decisions when placing your parlays.

Andy Smith is a professional sports and gambling writer with vast experience in both of these fields. Andy has been writing articles which are focused on the wagering industry with the aim of helping those individuals whom are looking to create a successful business backed by top price per head services.

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