Parlay Bets have been around for several years now, and most sportbooks offer them to the public. In fact, they’re hugely popular as it allows the bettor to include over-unders, moneyline and even point spread bets in the same bet, letting them take a higher stake than if they were considering the bets individually.
Today, we’ll discuss the essentials of parlay betting as well as giving you some tips for you to get started in this type of wager as soon as possible.
Parlay Bets are a type of wager where the bettor is allowed to combine multiple bets on the same one. Even if you cannot bet twice in the same game, it is still possible to use the same type of bet on different events.
Parlay bets have different names on some sportsbooks. For instance, they may be known as “accumulator bets” or “accas,” while other bookies name them “combo bets.” The list of name goes on, but in the end, they’re all the same.
Therefore, we can say that parlays are bets where you involve more than two bets in the same wager. These bets may include different bet types, including the ones mentioned above. Some sportbooks also include futures and prop bets, but the variations can be different.
The main reason why parlay betting is so popular is because it grants the player with a higher payout than other bets. However, their main drawback is that NONE of the other events should end in a negative result in order for you to take the wager home. If one single event loses, you will lose the whole bet.
Although there is such a high risk of losing, parlays are hugely popular amongst the bettors. Not only that, but also they grant you more flexibility than other bets. You can include different games or even sports in the same wager!
Parlay bets are an excellent opportunity to take a big wager straight to your wallet – however, it can be hard for you to figure out the right result. Hence, the risk will always be high.
A parlay will only result in a win if all the bets you’ve chosen do not lose. However, ties and cancellations are a grey area and you’ll still win regardless of what happens – as long as it doesn’t end in a loss.
If one of the events you’ve selected is canceled, don’t worry. The sportsbook should automatically let that wager out of the list and your bet will still be valid.
Odds are hugely diverse in parlays. Once you’ve placed the bet there’s no going back – they will remain the same until the results are executed, regardless of the changes the game may have throughout the game.
There are multiple types of parlays available. For instance:
Round Robins – These bets consist in placing various parlays at the same time. They have nothing special; it’s just a name for the action of placing multiple parlay bets simultaneously.
Teaser bets – Teasers are like the traditional parlay style, but they do not allow moneylines on them. You may only select more than two or three teams/totals per bet. However, teasers can be modified even after the bet has been placed, unlike the standard parlay bets.
The decision is up to you. Most professional bettors prefer system bets over parlays because there is less risk. After all, you only have one way of winning. If only one thing goes slightly wrong, you’ll lose everything you risked.
Back
