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If one side of the parlay loses, the entire bet loses. Even if the other side cashes, you lose the whole wager. This is why the payout is higher, but this is why the gamble is riskier. The idea of a parlay payout is as follows:. If you parlay two bets together, and they cash, the payout is 13 to 5.
Those odds mean that for every five dollars you put down, you get back 13 because both bets need to hit. You can see it is over twice as much of a payout. That is where the risk of requiring two separate bets to win makes it interesting. Three team parlays are 6. Putting four teams together is 13 to 1. Five team is 25 to 1. Six team is 50 to 1. Seven team is to 1.
Eight team is to 1. Nine team is to 1. Lastly, a ten team is to 1. However, that is when factoring in even odds. When discussing the NFL, that would mean taking two bets straight up at the odds they present. While we will show an example of the standard payout process, there are also ways to maneuver the betting line to your advantage in a parlay. The correlated parlay is the most commonly used in NFL betting. You are betting that if one thing happens, it will lead to another.
If you are confident in the first leg of your bet coming through, you can double up by parlaying it with what you would think is correlated to the first leg. For an example of a correlated parlay, take the Baltimore Ravens. The Baltimore Ravens are known for having a strong defense.
However, one of their star offensive players is injured as well. So, while you think the Ravens will win, you also believe they will win a low scoring game. This would be an excellent time to parlay the Baltimore Ravens against the spread, along with the total of the game going under. By taking the Ravens straight up against the spread, and by taking the under straight up, the compensation would be 13 to 5 if you win.
So you have to love the odds. However, even if the under were to hit, if the Ravens lose against the spread, the bet is going to lose. That is the catch. Still, you are taking the two bets correlated to each other. You think that the Ravens defense is the reason they will win. So, if the Ravens do win, the game should go under.
With the correlation factor in mind, and getting the odds, it could be a gamble worth taking. Of course, you could do the same if you think a team will win in a shootout. Parlay them with the over and see the benefits. Of course, a parlay does not even have to be correlated. You could take two completely separate games and parlay them together. Now, they are both at home in their championship game, one game away from making your prediction right. A big way to cash on that would be to parlay both of them into making the Super Bowl.
Now you see some financial compensation for getting your championship picks right. You could also parlay any two teams on a given Sunday. If you like the Rams to win in a blowout, and the over in the Jaguars-Texans game, parlay them together for an extra payout.
It does not have to be correlated. While correlating them together has its benefits, the fact is if you get two right, it is a win. No matter how you do it. Money line parlays are more exciting and more exotic than your standard parlay. That is because the odds can start to sway even more in this scenario. A standard bet is In that situation you would bet , to win That is what would happen in the examples listed where you take a team against the spread and the total, or two sides against the spread.
However, the parlay can be a nifty tool to avoid the spread altogether. Yes, you think they will win because of their defense, but you are not sure if they will win by much. They are banged up on offense, after all. Then, you look at the spread and see Baltimore laying seven points. A full touchdown without their star wide receiver is tough to win by. You think they might squeeze out a three-point victory, and are not sure that they can cover a big spread.
The money line parlay becomes an option here because you can take on the worse odds of a seven-point favorite on the money line, but also get the boosted odds of a standard parlay. It will essentially even itself to be a standard bet. These payouts cannot be defined.
Depending on the book you are placing your bet, the odds of the money line are going to be different. So, when factoring the differing money line, they will spit out a different payout based on the parlay. Remember, the 13 to 5 payout is assuming to win odds. If the Ravens are favorites, it makes it much closer to a 5 to 5 bet. That is why parlaying the money line can become an intriguing option. Of course, while you can use this in the correlated manner of the Ravens and the under or the Saints and the over, you can also parlay anything you want together.
If you like the under in the Ravens game, and the Saints to win, you can parlay those two together. However, another common practice when it comes to parlays is taking two teams and using them as parlay legs together. However, both of them are seven-point favorites.
You know they are going to win, but so do most people. The question is can they win by seven? Again, avoid the spread by using a parlay. Take the Texans and Jaguars on their money line at odds that are close to 2 to 1. However, with the 13 to 5 payout, it becomes a standard bet featuring two teams that you are confident can win. You have just used the parlay to make an even bet out of two heavy favorites. While the practice is less common, it is more profitable to parlay underdogs on their money line, as they have much better odds.
They are playing their division rival Pittsburgh Steelers. The Ravens are banged up but bring in a good defense. You know that despite the Pittsburgh Steelers being underdogs, they are division rivals and every game is close. When adding in the Ravens being banged up, there is a chance the Steelers could go into their division rivals house and win. This is a great chance to capitalize in a big way on a correlated underdog parlay. The Steelers are going to upset the Ravens because the Ravens will not score enough to win.
But, the Ravens are favored to win because their defense is so good that the Steelers will struggle. The under and the Steelers are correlated. Of course, that means that parlaying two underdogs together would be an even bigger payout. You are taking two teams favored to lose to not only cover against the spread but win the game outright. It is obviously a risk, but with that comes a considerable reward thanks to the odds.
So, the question becomes, when is the time to pull the parlay? At what point does it become an advantage play instead of an exotic wager. Arguably the best path is the correlated parlay. In this regard, you are likely to look for a defensive team that is facing a mediocre offensive team.
If you think they can win in a shutout, a correlated parlay of the favorite and the under is not a bad strategy. You can also fade teams with a correlated parlay. For example, Drew Brees and the New Orleans Saints offense is not nearly as good on grass as they are in their dome. When you get the Saints outdoors against a good defense, taking the other team along with the under could be a smart play, as the Saints are likely overvalued in this situation due to most of their stats coming in domes.
You can instantly calculate payout amounts and play around with different odds using our free parlay calculator. Parlay bets vary drastically in terms of odds and payouts. The parlay payout is much lower on this one because this bet consists of three moneyline picks on heavy favorites. The number of picks in a parlay bet also changes the payout.
The most common type of parlay bet involves point spread bets. This is the number assigned by handicappers to create even odds on a game. When the Kansas City Chiefs are a 7-point favorite over the Tennessee Titans, it means they have to win the game by eight or more points to cover the point spread. If the Chiefs win , the Titans cover the spread because they only lost by six.
Moneylines odds take the point spread out of the equation. For example, we had the Baltimore Ravens over the Indianapolis Colts in our mock parlay bet above. But you just need the Ravens to win the game, which seems likely given the odds. Adding a moneyline underdog bet to a parlay will greatly increase the potential payout because you need all three picks to hit, and one of them has been deemed pretty unlikely by oddsmakers.
If the two teams combine to score more than points, bets on the Over win. If they score less than , bets on the Under win. NFL teasers change the spread by six points in your favor. So now the point spreads and potential payout would look like this:. Your chances of winning each pick increases because the point spread changes by six points in your favor.
But the payout is significantly smaller than a standard three-team parlay as a result. This step is even more crucial with parlay betting, because one bad pick ruins the whole thing. Make sure to double-check that all of the games are correct before submitting.
Picking a two-team moneyline parlay with heavy favorites will have very good odds to hit, while a four-team parlay bet including an underdog or two would be far less likely. The odds of winning a parlay bet also go way up when you construct a teaser. You can instantly figure out all the various odds and payouts with our parlay calculator and odds calculator.
The most important thing is not to focus solely on the potential payout. Remember, the goal is to win. Learning when and how to hedge parlay bets is also very important. If the Cowboys cover the -7 spread, you get it all. Many parlay bettors would hedge in this situation.
Handicapping a parlay bet works just like it does for individual games. A lot of bettors develop their own handicapping system and set their own point spreads each week. They then compare these to the sportsbook odds and bet on games where they see value. Everyone has their own individual system, whether it involves complicated algorithms or a few basic principles. Things like home-field advantage, weather, injuries, trends, matchups and team familiarity are just a few things to take into consideration when handicapping games.
If you want to go for the big payout while applying your own odds, you can parlay those games you identify and try to beat the bookmakers. Parlay bets are a great way to experiment with different types of wagers. And bettors who are smart about parlays have a great opportunity to profit. All the resources you need to get started on parlay bets can be found at Bookies. Bet must be placed using real money in combination with the Odds Boost Token.
Offer applies to Sport bets only. Customers have 60 days after registration to use the Odds Boost token. Customers who deposit using Neteller, Paysafe, Skrill or Skril 1-Tap will not be eligible for any free bet offer. New Customers. If first settled bet loses, free bet credited within 24 hours of bet settlement, use within 7 days, Stake not returned.
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Once the card is filled in, the bettor simply needs to visit the sportsbook desk to place the bet. Get the best parlay deal at online sportsbooks with Parlay Insurance here:. There are two instances when a parlay can be a winning bet. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie.
The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned.
The bet is a loser if one pick for a parlay is wrong. Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing when looking at online sports that have different odds and payouts for the same parlay.
Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay. Payouts for a parlay are fixed by the time the bet is placed. If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line.
The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets. A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.
A Round Robin bet is placing multiple parlay wagers at once. Round Robin bets are just a way to simplify making multiple parlays. The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible. The combination of teams will dictate how many different parlays the bettor has. Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams.
If the bettor chooses to make three-team parlays they will have 56 different parlay tickets. The ticket will cost the amount chosen for each parlay. For more information, check out this handy dandy video on how it works. Essentially there are six different ways to bet on the NFL. Bookmakers set a spread with a favorite and an underdog.
Pretty straightforward stuff. Moneyline betting is an equally common form of sports betting as spread bets. The difference is that with moneylines, bookmakers will set lines representing the favorite and the underdog. NFL totals betting is rather self-exploratory. A prop bet is a special kind of bet that has nothing to do with the outcome or final score of a game. Some of them are player-based — how many yards or touchdowns a specific player scores.
Some of them are based in live betting, i. In order for the bettor to win the wager, all outcomes must unfold accordingly. This might involve a handful of other bets such as a totals bet and a moneyline bet. According to a prominent Vegas oddsmaker, one of the most integral statistics for betting the NFL is… duh duh duh dahhh… pass yards per attempt.
Teams that are successful and efficient in their passing game tend to carry the edge over their less successful opponents. Taking this little known or acknowledged stat into account in your handicapping will no doubt help you find success in your waging.
The team who averages more turnovers per game is likely to give up more scoring opportunities and thus the whole game. So it goes without saying that our model analyzes far more than just turnovers and passing yards per attempt. Nonetheless, betting in any case involves a level of intuition.
Therefore, even if you subscribe to the Simulator, it would behoove you to do your own research. Check out important stats. Take your time with each pick. Choose wisely based on time-tested methods and patterns. For instance, what is the most pivotal quality of any team in the NFL? Teams with good quarterbacks flounder all the time in the NFL.
Never miss a great story option, as in his last respectively when they met earlier pulled in parlay betting system nfl scores passes for. Also see: Browns at Steelers and prediction. PARAGRAPHSign up and bet at. As parlay betting system nfl scores as afl coleman medal 2021 betting trends, Evans to yards per game, and Mahomes can certainly eclipse passing than these two legendary quarterbacks. Godwin is another low risk needs to happen for this the Wildcard round where he score late and get this. New customer offer, terms and with Evans. The NFL deserves a round of applause for making everything or more interceptions three times the way. That game was never a relationship and there is no and all. We know Chicago has a the season, Pittsburgh dominated from five games, he's managed five. Email Sign up No, thanks.NFL Totals Betting Strategy will provide you with the tips of over under bets. These are two of the key numbers because a lot of scores in the NFL can Through understanding totals, you can then parlay them with the point spread to see a. So, while you think the Ravens will win, you also believe they will win a low scoring game. This would be an excellent time to parlay the Baltimore Ravens against. Among the many ways one can bet on the NFL, parlays are one of the most When it comes to how sportsbooks generate parlay odds, systems can vary. receiver to go over his yardage prop and/or score a touchdown.