How does a parlay works

If you are just acquainting with the term ‘parlay’ then this is a small article about what they are and how you can bet them.

A parlay is nothing more than a series of straight wagers put together to form a single bet.

The picks on the parlay are dependent of each other, as they all must end up winning for the bet to pay you, if a single bet on the parlay is a loss, the whole bet is a loss. On the other hand, if one of the bets on the parlay is a push, then the parlay will reduce to a lower number of teams.

The good thing with parlays is that they surely pay you better money than a straight wager; you will also be risking less money to get more since there is a certain degree of difficulty on winning all the picks on the parlay.

And because they are not so easy to win, I recommend you to keep your parlays of two, three or four teams, as if you go over 4, the advantage is greater for the bookmaker. So here’s the trick: instead of betting a six-team parlay for $15.00, bet a three-team parlay for $40.

Tip: If betting NFL, try to avoid lines with a 3 involved, as this is a magic number in football and decides most games.

The most common payouts on parlays are: 2 teams 13-5, 3 teams 6-1, 4 teams 10-1, let’s stick with these as we don’t want to go over 4-team parlays. What this means is that, for example, on the 3-team parlay, it says 6-1 so you will be getting 6 dollars for every dollar that you bet.

Again, if you are new to sports betting, try parlays as a first option as it is the best way for you to get familiarized with the wagering environment by risking small amounts of money instead of betting single bets for more cash and a smaller payout.

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~ by Pay Per Head Sportsbook on December 8, 2008.

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