Best Parlay Betting Strategy #1 Guide to Parlay Betting

Consider reducing the number of legs in your parlays, or focus on single bets for a while. Remember, all the earlier games you bet on might have won, but if you miss on the remaining game or one final game, the whole bet fails. It’s also important to manage your bankroll responsibly and avoid chasing losses, as this can lead to more significant financial issues. Betting on sports parlays is not for everybody and should be done so cautiously.

• Since you can’t score half points, this means the team just needs to lose by 1 point or less, or win outright, for this leg of your parlay to be successful.
• Instead of betting $90 to win $81.82 on Alabama at -110, you could build a series of $15 parlays around Alabama as your key selection.
• The following calendar year was a big one, as New York sports betting apps,  Kansas online sports betting, and Maryland betting apps launched.
• The odds of all those events are multiplied, meaning your potential parlay payout increases as you add more picks to your bet slip.
• For example, last NFL season, one bettor combined bets on five different games, including several upsets, and turned a $10 wager into over $5,000.

Dimers’ Parlay Picker provides daily parlay picks that include each of the four types of wager listed above. A parlay bet is any bet in which you include two or more selections in your bet slip. In fact, chances are that most of the wagers you will place as a bettor will actually be parlay bets, as opposed to single or individual wagers. However, if you combine that selection with a few other favourites, you increase your parlay odds substantially. That, in turn, means you don’t have to stake €100 to get decent winnings.

Same Game Parlay Strategy

This guide presents the intricacies of parlay betting, offering expert strategies, tips, and real-world examples to help you maximize your wins responsibly. A same game parlay involves placing multiple bets on the same event, such as betting on the point spread, total points, and a player’s performance in an NFL game. Same game parlays are popular in sports betting because they allow bettors to leverage their knowledge of a single game to maximize potential returns. Here at Pickswise, we have free NFL parlay picks every week of the NFL season. Each of our free NFL parlays will come with a full analysis for each leg, as well as the best odds available from all of the top online sportsbooks. Check back every week including for those primetime parlay picks on Mondays, Thursdays, and Sunday Night Football.

Our record speaks for itself when it comes to NFL parlay expertise, throughout the 2023 season our NFL parlays had scored 38.5 units in profit. If you’re winning, you can bet a pinup bet little more; if you’re losing, bet less. Bet365 is also one of the best parlay betting sportsbooks, with a bet builder and usually promos available for parlays. Making a parlay is easy at most sportsbooks, with many US sportsbooks like DraftKings, BetMGM, and Caesars, to name a few, offering parlay builders. You can mix spreads, totals, props, and moneylines to create your perfect parlay.

How a Dimers Insider Uses Parlay Picker

Now that you understand the fundamentals of parlay betting, try our free parlay calculator to practice calculating odds and payouts before placing your first real money bets. The most successful parlay bettors treat it as a long-term investment, not a get-rich-quick scheme. Focus on making smart, value-based selections rather than chasing big payouts. Two well-researched selections are better than five random picks. Successful parlay bettors often have win rates of 25-30% on 2-team parlays. The customer could take $550 (half of those potential parlay winnings of $1,100) and wager on the -3.5 favorite (-110) to win $500.

You’ll also find a number of promotions to enhance the value on your bets, including parlay insurance. My Week 1 Same Game Parlay focuses on the Commanders, who are in a winnable home game against Russell Wilson and the Giants. Despite improvements throughout the roster, the G-Men still look like one of the worst teams in the NFC.

Maximize your parlay betting success by understanding the essential steps, from assessing ideal odds to choosing your parlay legs and selecting the right sportsbook. Dimers’ Parlay Picker simplifies the process, offering up-to-date odds and direct links to top sportsbooks for placing your best parlay bets today. Understanding how to calculate potential payouts is crucial to parlay betting. Even though online sportsbooks typically do the math for you, knowing the process empowers you as a bettor. Unlike single bets, where you only need one outcome to be correct, parlay betting demands accuracy across all selections. While some view parlays as a “sucker’s bet,” given the slim odds of success, the thrill and potential payout attract bettors who love the challenge.

This is an important part of understanding same game parlays and the strategies used when betting them. When betting point spreads (using traditional -110 odds) in a round-robin, it’s pretty easy to figure out your potential return like we just did above. However, betting underdogs on the moneyline in a round-robin format can be quite lucrative. You can also create same game parlays in the NFL, combining bets such as the total points scored, individual player stats, and even specific quarters’ outcomes. This allows bettors to leverage their knowledge of a particular game in various ways within a single parlay. This is because you can do it on your phone while on the run or within the comfort of your own home.

Not only does head coach Mike Tomlin’s team have a ton of momentum, but they have also played just 1 game since September 28 (they enjoyed a bye in Week 5). This past Sunday’s outing was a walk in the park against the Browns, as the Steelers cruised 23-9 at the expense of one of the worst teams in football. Aaron Rodgers and company are healthy, well rested and loving life atop a division in which every other team has – in several cases surprisingly – been a complete disaster this season. Legit sportsbooks, like those mentioned earlier, offer Responsible Gambling tools. These let you set limits on time and deposits or even temporarily exclude yourself. As sports betting becomes legal in more and more areas, we are there and keeping tabs on the latest developments.

Look for opportunities where multiple outcomes within a single game are correlated and can be combined for a higher payout. This comes at the cost of a lower potential payout, as the sportsbook is essentially giving you a head start on the spreads. Understanding the different parlay types and how to build an effective parlay strategy is crucial for sports bettors looking to maximize their potential returns.