In this example, let’s take three NFL wagers on the spread and parlay them together.
#MONEYLINE PARLAY PROFESSIONAL#
Believe us: plenty of parlay wagers are placed on professional football. Let’s start with the NFL bets, the king of sports betting in the United States. Now that you know the basics of parlay betting, here are some examples we made up involving three of the top professional teams from Arizona: the Arizona Cardinals, Pho enix Suns, and Arizona Diamondbacks. A great way to maximize your profit would be to check with each sportsbook for its parlay payout on a winning wager. Sportsbooks are not always exactly aligned. That way, you can shop for the best number. To guarantee yourself the best possible odds, we recommend opening accounts at multiple sportsbooks. That means an $11 parlay bet would turn into a $29.09 profit if both outcomes prove correct. However, if you were to parlay them together in one wager, the odds turn to +264. In the NFL, let’s say you’d like to wager on the Arizona Cardinals to cover the -2.5 point spread over the Seattle Seahawks, as well as the Over 45.5 point total to hit in that same game.Īssuming the spread and total are at -110 odds, an $11 wager in two different bets would carry a combined $22 risk and a $20 potential profit. There are also plenty of sports betting calculators on the internet.įor the purpose of this article, let’s put together some hypothetical parlay odds. Oftentimes, sportsbooks will show you what the payout would be if the bet is a winner. To easily calculate the potential payouts, you could go to your preferred online sportsbook, enter in the outcomes you’d like to bet in the parlay, and enter the amount you’d like to risk. Sportsbooks will utilize formulas distinct to their platforms. Calculating parlay odds & payoutsĬalculating parlay odds can be difficult. The bettor has lost any statistical edge, and they may not even realize it. At a certain point, the odds land heavily in the favor of the sportsbook. They recognize how sports bettors are attracted to parlay betting, especially recreational bettors, and as the number of potential outcomes add up in a parlay, the less accurate the odds become. That’s why sportsbooks are going to continue flourishing for a long time. However, the reason the payouts are so large is due to the difficulty of actually hitting parlays. Bettors that are new to Arizona sports betting are very attracted to parlays because they can risk a small amount and come away with a significant profit. The appeal to parlay betting is definitely the return. To be clear, if you hit two out of three, or 99 out of 100 bets in a parlay (to be hyperbolic), you still lose the bet. However, if any of these outcomes do not go your way, the entire bet is a loss. If all three of these combinations are correct in your parlay, your bet is a winner. But in the case you are feeling incredibly confident, you could group them together in a parlay for a larger payout. Of course, you could bet all of these wagers individually. Las Vegas Raiders game, and for the Miami Dolphins to cover the -2.5 spread over the New York Jets.
After doing your research, you decide on the Arizona Cardinals +3.5 against the New England Patriots, the Over 45 to hit in the Denver Broncos vs. For example, you could be looking at FanDuel Arizona on an NFL Sunday and find the three best possible wagering options. Parlays require the bettor to correctly predict a group of individual bets bundled together. Parlay bets explainedĪ parlay bet is a unique type of sports bet, and they can be very attractive.
#MONEYLINE PARLAY HOW TO#
We will break down all the basics of parlays, how to calculate them, and send you on your way with some parlay betting advice. Consistently winning parlay bets is a difficult strategy, but some bettors find them highly profitable. They are difficult to win, which is why they lead to rather large payouts even when risking a small amount of money. If even one piece of the parlay is incorrect, the entire wager loses. To achieve a winning bet, every leg of the parlay must be correct. It’s also somewhat of an all-or-nothing style of wagering. Arizona is set to become a big player in the sports betting space, and parlay wagering is very popular.Ī parlay bet consists of multiple outcomes. If you are just getting into sports betting or need a little refresher on one of the most popular wagering terms, you will learn everything you need to know about parlays here.
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