A parlay is a wager where two or more events must occur in order for the bettor to win.
The most common type of parlay is a point spread parlay, which is when you bet on the outcome of two or more games using the point spread.
If all of your picks cover the spread, you will win your parlay.
Parlays are also available for other types of bets, such as moneyline, totals, and props.
Parlays can offer big payouts, but they are also very risky.
Because all of your picks must hit, it is very unlikely that you will win a parlay. In fact, the house edge on parlays is often 10% or higher.
That means for every $100 you bet on a parlay, you can expect to lose an average of $10.
If you are looking to make some quick money, parlays are not the way to do it.
However, if you are willing to risk a little bit of money for the chance at a big payout, parlays can be a lot of fun.
Just remember to only bet what you can afford to lose.
Best Ways to Bet on a Parlay:
The best way to bet on a parlay is with point spread bets.
This is because the point spread evens out the playing field and gives you a better chance of winning your bet.
You should also try to find parlays that have low juice, which is the commission the sportsbook charges.
The lower the juice, the better.
Some other tips for betting on parlays:
- Stick to two or three team parlays. Any more than that and your chances of winning decrease dramatically.
- Avoid heavy favorites. It is tempting to want to include a team like the New England Patriots in your parlay, but remember that they will usually be favored by a lot of points. That means it will be very difficult for your other picks to cover the spread.
- Pay attention to trends. Sometimes certain teams or players tend to do well against the spread. If you see a trend, you may want to include that team in your parlay.
- Shop around for the best lines. Different sportsbooks will offer different odds on the same parlays. Make sure you are getting the best deal by shopping around.
- Know your limits. Like with any type of gambling, it is important to know how much you can afford to lose before you start betting. Once you have reached your limit, stop betting and walk away.
What to Avoid on Parlay Betting:
There are a few things you should avoid when betting on parlays.
First, resist the temptation to include too many teams in your parlay.
The more teams you include, the harder it will be to win.
Second, avoid heavy favorites.
It is tempting to want to bet on a team like the Patriots, but remember that they will usually be favored by a lot of points.
That means it will be very difficult for your other picks to cover the spread.
Finally, don’t chase your losses.
If you have a losing streak, accept it and move on.
Chasing your losses will only lead to more losses.
Are There Parlays in Live Betting?
Yes, there are parlays available for live betting.
These bets work the same way as traditional parlays, except the odds will change as the game goes on.
This makes live betting parlays very exciting, but also very risky.
If you are going to bet on a live parlay, make sure you know what you are doing and only bet what you can afford to lose.