Parlay Betting Definition, Tips & Advantages
Parlay Betting Definition, Tips & Advantages
In the world of sports betting, one of the most popular types of bets is a parlay. Parlay’s are quite difficult, but cannot only be fun, but also give you a chance to win a good chunk of change. Parlay bets can be done with not just one sport, but can be done with a multitude of sports as well. Let’s take a look at Parlay Betting Definition, Tips and some advantages to use this type of bet at a place like AmericasBookie.com!
A parlay by definition is a combination of bets (two or more) that is linked into one bet. The benefit of a parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. Also – when you bet on a parlay – you must win ALL the bets in the parlay card, or it becomes a loss.
Typical parlay pay-outs include: 2 team – +260. What this means for those of you that are new to sports betting – every $100 you wager, you would win $260, if both teams in your parlay card won. A 3 team parlay would play +600. Just like the other, this one would be pay $100 to win $600. A 4 teamer = +1000/1. You can go all the way up over +16,000/1. That means – every $1 you wager, you would win $16,306. These odds change obviously but finding a spot like AmericasBookie.com that offers the best parlay odds is critical.
Understand how the parlay bets work – this is extremely important. It’s important, because you need to understand that you HAVE to win all the bets and not just a couple. Regardless of how many teams YOU place on the parlay bet, you still have to get them all correct. Of course, a push bet means that that game is no longer on the betting card.
How to Bet on Sports – Learn more about all the different sports wager types
While we gave you the pay-outs to win these parlay bets, one of the tips to discuss here is to make sure you do not get suckered too much into a parlay bet that is three teams or more. These are really difficult, and pretty much turn into a lottery ticket, by the time you start calculating your true odds of actually winning all the games.
Realize that when you are betting a parlay, a high hold percentage is given to the house. Sure – there is a great chance at a big pay-out, but the high hold percentage is definitely to the house. There have been great success stories with parlay betting, but we do not hear about all the losses, do we?
An advantage that you can have when you are betting a parlay, is to take advantage of a weak line. An example of this would be the book is giving you a great opportunity to bet an underdog that is a couple points above where they should be because of massive money coming in on the other side. This is a great chance to pair this with another bet, and win even more money!
There is a look at parlay betting. The definition, some tips and advantages for betting parlay bets. As always, when we are talking about sports betting, make sure you understand it’s a sprint and not a marathon, do not get too up for wins, or downs for losses, and also – most importantly – use good bankroll management when betting at Americas Bookie.
