How to win sports betting parlays

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This is because you will often need to get all or most of them right to win. However, we strongly suggest you back the favourites as they are more likely to win. While placing a Parlay at one bookmaker, you can play additional bets on the side. Parlays can be worked to run in system bets , Asian handicaps. If you have a Parlay card that allows you to cash out each bet individually there will be a button , it may be worth doing so rather than risking everything on that final selection.

Other bookmakers offer Parlay insurance , so even if things go wrong, you can still pocket some form of winnings with an incorrect Parlay slip. Hedging your bets in this manner can with the right strategy protect you should something go awry with your Parlay bet. If one of the wagers wins, the chances of winning the second increase. For instance, if you place two bets on a team in a Round Robin competition to win a quarter-final and a semi-final.

They would first need to win Bet A the quarter-final to activate Bet B semi-final. Like Parlays, these can see increased odds come into play as there is an unknown element Bet B , but you need both parts to be correct to win. It combines parlay bets on a single bet, from a minimum of 3 up to a maximum of For example it can include 3 pairs of up and down bets , 3 double bets and one treble.

Others include Teasers bets, Props bets and more. Point spread betting is possible with Parlays, but it is easier to engage in simple moneyline betting with decimalised odds for beginners. Can I win real money with Parlay bets? Are Parlays worth it?

You need to get a lot of selections correct to pocket a top prize. However, by following the advice above, you can learn how to win sports Parlays, and we certainly believe that Parlay betting strategy is a sound way to pocket extra cash.

You only need to compare what can be won with a 4-Team Parlay compared to four individual bets to see that. The pros and cons of placing Parlay bets at bookmakers PROS Multiply your winnings rather easily with this, one of the best sports betting strategies Ideal for multiple low-odds, low-cost selections You can wager on as few as two selections in a Parlay CONS Not the sports betting safest options, Parlay strategies involve a fair bit of risk Not all bookmakers offer insurance FAQs: Your questions on Parlay sports betting answered Before you go, allow us to assist you with this brief Parlay betting FAQ guide… Is it easy to win a Parlay bet?

How hard it is to win Parlays in sports betting depends on the number of selections you make, coupled with the probability that those selections will win. The fewer selections and lower the odds, the better your chances - in theory. Is there an ideal number of Parlay selections I should make on a ticket? Not really. However, in sports betting Parlays, the larger the number of picks, the less likely you are to win. Five or less seems about right.

What happens if you push on a Parlay? In the event of a push tie or cancellation , the Parlay will revert to the next lowest number. So, on a five-team Parlay, you are looking at a payout for a 4-team Parlay. Consider a five-leg parlay with odds of for each leg.

This makes losing bets extremely common. That being the case, keep your parlay betting stakes to a minimum. Also, calculate the odds beforehand so that you can see what your chances of success are. However, when you are just getting started it is a good idea to keep the timeline of your parlay as short as possible. Ideally, all legs of your bet should take place on the same day or over the course of a single weekend.

This is so that you can gain parlay betting experience quickly, and learn from your mistakes sooner rather than later. Of course, when you know what you are doing, more longer-term parlays can also be placed. Advanced Parlay Betting Strategies When you have some experience of using parlay bets in a straightforward way, you might want to think about employing more advanced strategies.

We have five of them for you to consider, as follows: 1 - Use Enhancer Parlays This strategy is for those of you who are in the habit of placing several regular bets at once, perhaps on several different football or hockey games. The idea here is simply to enter the same selections into a parlay bet using your smallest stake.

Then, if all of your regular bets succeed, the parlay will enhance your winnings with a welcome bonus payout. These promotions will give you a bigger return than would normally be the case when you land a winning parlay bet that meets certain criteria. However, if you intend to place a parlay bet anyway, and it qualifies according to the terms of a parlay booster promotion, it makes sense to opt in to potentially benefit from the offer.

In that case, we would advise that you expand your bets by adding more legs and lengthening timelines, rather than including legs with bigger odds. Both parlay bets would cover the same seven matches, and the predicted outcome for six of those matches would be the same. The advantage of placing manual parlays is that it allows you to change your mind along the way.

You can simply stop betting or reduce your stake on the fourth and subsequent events. Every one of those events must result as predicted in order for your bet to win. What is a parlay bet in sports? For example, you could bet on two different football games and two different hockey games, and the bet would win if all four games result as predicted. How do I bet a parlay? All you have to do is enter the individual event predictions on a single betting slip, add your stake and submit the bet!

What is a parlay boost? This promotion will boost the payout of a winning parlay as long as the parlay meets certain criteria. For example, by having a certain number of legs or by including one or more particular events. What is a progressive parlay bet?

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However, if you want to see what the expected value is and become more knowledgeable about how to win Parlay bets, you can calculate them for yourself. Here is how to do it… Step 1 First, if your odds are displayed in American or Fractional format, you need to convert them to decimal odds. Again, there are tools that will help you do this Step 2 Multiply those decimal odds together to get your total multiplier Step 3 Now you need to multiply your new multiplier by the total amount staked Step 4 Subtract the original stake from the total, and you will have your new Parlay odds As you know, it is possible to lose.

Some bookmakers will allow you to use ACCA insurance to cover one of your bets if you lose a selection without damaging your entire accumulator. However, it is possible to lose your bets if you get too many incorrect the exact number varies. Unlike with parlay bets, with a banker bet , not all your selections need to be correct in order to win the bet. If a selection on your Parlay is cancelled, postponed, or ends in a draw, the Parlay reverts to the next lowest number on the bet slip.

For instance, if you had a 5-Team Parlay and one of them turned out to be a tie, you will get paid for a 4-team Parlay, just like with draw no bet accumulators. How to improve your odds of success with Parlay bets We have got some top Parlay betting tips worth sharing with you if you want to improve your sports betting Parlay strategy.

However, you should be knowledgeable about them. Only bet on what you really think will win. Moreover, make sure you stick to low odds options and small stakes at the beginning. This is a good sports betting money management strategy for rookies. This is ideal if you want to place extravagant Parlays with less risk. Risk free bet offers and daily price boosts and enhanced odds are worth looking at here.

This is because you will often need to get all or most of them right to win. However, we strongly suggest you back the favourites as they are more likely to win. While placing a Parlay at one bookmaker, you can play additional bets on the side. Parlays can be worked to run in system bets , Asian handicaps. If you have a Parlay card that allows you to cash out each bet individually there will be a button , it may be worth doing so rather than risking everything on that final selection.

Other bookmakers offer Parlay insurance , so even if things go wrong, you can still pocket some form of winnings with an incorrect Parlay slip. Hedging your bets in this manner can with the right strategy protect you should something go awry with your Parlay bet. If one of the wagers wins, the chances of winning the second increase. For instance, if you place two bets on a team in a Round Robin competition to win a quarter-final and a semi-final.

They would first need to win Bet A the quarter-final to activate Bet B semi-final. Like Parlays, these can see increased odds come into play as there is an unknown element Bet B , but you need both parts to be correct to win. It combines parlay bets on a single bet, from a minimum of 3 up to a maximum of For example it can include 3 pairs of up and down bets , 3 double bets and one treble. Others include Teasers bets, Props bets and more.

Point spread betting is possible with Parlays, but it is easier to engage in simple moneyline betting with decimalised odds for beginners. Simply follow this three-step process: 1 - Make Your Selections The first step is to make your selections, and this is the step that you will want to spend the most time on. As stated earlier, try to focus on events where there are as few potential outcomes as possible. If you bet online then it will obviously be a virtual betting slip, and you will need to enter your selections one by one.

When completing your betting slip, try to enter your selections in the order in which they will take place. This will make it easy to see exactly how the bet is progressing at any given time. Those of you who place your bets online will find that the sportsbook automatically lists bets in time order in your account for reference purposes, which is handy.

You can of course bet whatever amount you want, but with parlay bets it is usually a good idea to calculate the return of the bet before deciding how much to stake. Remember that the bigger the potential return, the harder the bet will be to land, so you should stake accordingly. Many sportsbooks will calculate the projected return automatically, in which case you can simply go ahead and stake accordingly. Otherwise, you will have to calculate the parlay odds for yourself, which is our next topic of discussion.

In decades gone by, serious bettors always went about their business with an electronic calculator in their pocket. These days you can just as easily use the calculator on your mobile phone or desktop computer. To calculate the return of a parlay bet, you need the odds for each leg of the bet in decimal format. If you only have American or fractional odds, use our Betting Odds Converter tool to convert them into decimal odds before proceeding.

When you have all of the odds in decimal format, all you have to do is multiply them together. This will give you the total return of the parlay, including 1 point for your stake. Deduct 1 and you are left with the odds themselves. The Parlay Betting Calculator We have outlined how to calculate parlay betting odds so that you know how it is done. You can also use our free Parlay Betting Calculator to do all the hard work for you.

Getting Started in Parlay Betting Parlay betting is best approached in a strategic way. For that reason, we will now present a selection of tips and strategies for both beginners and more experienced bettors. Beginners are therefore advised to focus on lower-odds outcomes wherever possible, as that will maximize your chances of success. Consider a five-leg parlay with odds of for each leg. This makes losing bets extremely common. That being the case, keep your parlay betting stakes to a minimum.

Also, calculate the odds beforehand so that you can see what your chances of success are. However, when you are just getting started it is a good idea to keep the timeline of your parlay as short as possible.