Betting on sports is a fun and entertaining way to add more excitement to any sporting event. However, not all types of bets are equal. This is because some have higher payouts while others are not even worth using. Thus, today we go over Parlay Betting Strategies and whether they are the right types of bets for you.
A Parlay Bet is a popular type of sports bets that gives gamblers higher sports betting odds of return. However, they are more difficult to win. This is because a Parlay bet is a combo bet. Thus, a gambler must win a series of bets to win the overall bet. The payout is of course higher and the risk is less but all teams in the parlay must win.
Parlay Betting Strategies – True Odds Parlays
First off, the general consensus is that a Parlay Bet is not a very good type of bet. This is because they are seen as foolish bets with the odds against the bettor. However, is this really the truth since they continue to be very popular amongst bettors despite being difficult to win.
The main problem with Parlay Bets is that they are hard to win. However, the second problem is that they do not usually offer true odds. This is because most sportsbooks charge a higher commission then the actual odds for parlay bets.
However, there is a way to get true odds when you make a parlay bet. All you have to do is pick a bet that is not at -110. Thus, by adding a bet at -115 or -105, it will force the system to give you better odds.
Another great parlay strategy is to make Correlated Parlays. This is where you include in your parlay one bet on the spread and one on the over/under. Of course, it does not always work but it gives the bettor more value than a straight bet.
According to sports forums, another great way to use parlays is by using your free play bonus. This is because a free play is a one-time use free bet that has a rollover. When you use your free play on a normal bet, you only get the same payout from rolling your win. However, in a 3-team parlay, you get that plus your initial stakes two more times!
Thus, if you use your free play in a 3-team parlay, you get the same payout from rolling your win and your initial stake two more times.
Whether you bet on football or any other sports, Parlay Betting has its advantages.