A parlay bet is the merging of multiple single wagers, known as legs, into a single large bet. To win a parlay, each leg of the parlay must also win. It’s a riskier approach to gamble because a single losing leg causes the entire parlay to lose, but it’s also considerably more rewarding.
How Do You Place a Parlay Bet?
To bet on a parlay, select at least two bets and add them to your slip. If the sportsbook offers those bets together as a parlay, you should be able to play them as a parlay. If the bets you want to parlay are acceptable, choose parlay; there should be different odds and just one box for your stake.
Add as many legs as you like to the parlay, and when you have everything you want, place your wager.
What Are the Many Kinds of NFL Parlays?
NFL parlays are especially popular because most games are played on Sunday afternoons. It’s simple to keep track of the games because they’re all happening at the same time, and you won’t have to stay up late to find out the results. Aside from multi-team NFL parlays, in which you play a team from multiple games, there are two additional popular NFL parlays.
Parlay of the Same Game
A same-game parlay, as the name suggests, is one created from bets placed on the same game. Often, wagers with Aaron Rodgers throwing for more than 300 yards, the Green Bay Packers scoring more than 30 points, and the Packers winning are associated.
Once FanDuel popularised same-game parlays, many bookmakers followed suit. Premade same-game parlays for both teams individually, a mixed option, a same-game parlay plus feature, and a dedicated tab for same-game parlays are becoming prevalent.
Parlay of Several Sports
Cross-sport parlays, like same-game parlays, stick to their name. Gamble on a parlay that includes legs from at least two different sports and hope it pays off. Cross-sport parlays are pre-made by sportsbooks and have greater odds than making one yourself. Because the NFL season overlaps with other major sports, the cross-sport parlay is another popular way to build an NFL parlay while also following other sports.
What Is the Most Effective Parlay Strategy?
Even when every leg appears to be a sure thing, parlays are difficult to win. NFL parlays are particularly challenging because teams are upset on a weekly basis, hence the phrase “any given Sunday.”
Here are some pointers on how to wager parlays without losing money.
Managing Your Money
Not every parlay will be successful. It is what makes them so satisfying. It is critical to manage your money in terms of how it is spent, how much is spent, and what you can afford to gamble.
Stay away from Hail Marys.
Winning a three-team parlay is difficult enough; going for parlays with five or more legs is unrealistic. You might win once or twice, but more often than not, you will not. The odds may be appealing, but it is not viable to pursue on a regular basis.
Sportsbooks provide varied odds for almost everything, including how parlays are constructed. If the odds for a single leg or the entire parlay are the same, one bookmaker may offer a bigger potential payout than another.