Example of a Parlay Bet Here is a simple example: If you think that both the Green Bay Packers (+4) and Baltimore Ravens (-6) will cover their spreads on an NFL Sunday, then you could take $10 and individually bet on these teams ($5 on each). If you are right and win both bets, you will win close to $19.
Many 21st-century sportsbooks stopped letting you parlay two bets from the same game, like a point spread and the over together, because those bets are correlated. If one happens, the other is more likely, so they didn't want you to get the full multiplier a parlay offers.
Parlays — propositions that combine multiple wagers (or “legs”) into one more extensive bet in hopes of turning a little money into a lot — have always been popular with the public. Regulated sportsbooks in the United States often promote such wagers because oddsmakers know the advantage resides heavily with the house.
Best Parlay Betting Sites – Parlay Betting App Reviews January, 2023
31,847-1. A sports bettor in New York turned a $6.90 16-team parlay ticket into $219,746.19 at Caesars Sportsbook. The New York state bettor picked the moneyline on nine baseball games and a run line, and had four NHL playoff plays and an additional two NBA playoff games. He had six underdogs on his card.
If you're interested in making a standard parlay, you can look at the list of games and click the two bets from two different games. Popular wagers include the moneyline, points spread and totals. Once you've created your parlay of two-or-more legs, you can input the amount of money you wish to wager.
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With bet365's Parlay Builder, you can do all that on a single bet and even combine it with other bets to create a multi-layered parlay bet. The best part is that bet365's Parlay Builder updates your entire bet's odds automatically so you can see how each choice impacts your payout.
The best and most profitable strategy to employ with parlays is known as a correlated parlay. Another way to incorporate parlays into your strategy is to bet into weak numbers and combine them with other, stronger spreads to increase your exposure to the weak number.