Gambling is a popular activity in most parts of the globe - it's not only fun but also pays handsomely if you're lucky. Amongst common forms of gambling, you'll find what's referred to as parlay sportsbetting. If you're an enthusiastic gambler, you have probably engaged in this particular activity once or twice. To walk away win some additional cash, however, you've got to learn a few parlay betting tips.
What's Parlay Betting?
Put simply, this is a single wager with multiple wagers, often up to 12 bets combined into one ticket. For instance, your ticket can feature the NBA, NFL, and NHL, which may include moneylines, point spreads, totals, futures, and prop bets. The aim of these kinds of wagers is a larger payout but every leg of the parlay must win if you'll get paid in the long run.
It's worth mentioning that not all payouts are similar; different online sportsbooks offer different odds. Further, the odds are susceptible to change so you'll need to check your ticket before placing a bet. Discussed here are useful parley betting strategies that you could use to improve your chances of winning.
Play a Ticket that Suits You
Naturally, a multi-bet doesn't pay out until all legs are settled; the time it takes for this to happen should really meet your needs. Therefore, if you are not comfortable with the stake being held up for a week or month; make sure your legs all settle on the same day.
The opportunity cost of having the stake locked for a long time can be expensive. Even a hedge, while guaranteeing a result, is going to cost you a portion of your stake.
Avoid Point Spread Bets
At first glance 'handicap wagers' seems like an amazing way to land some great odds. Usually, this isn't true, which is why the majority of sportsbooks actively promote the point spread wagers. The only caution to the poor value or these wagers is if you firmly believe you have found games where a sportsbook has the handicap wrong. It's possible though tread carefully- these are professionals.
Expand Your Multi-Bet Horizons
Normally, bookmakers encourage gamblers to restrict their picks to one type of sport. What you might not be aware of is that the best value bets are often spread across multiple sports. As a matter of fact, this is among the most effective parlay betting tips. To successfully pick winning games/matches do your homework well and create a list with a variety of options; then narrow it down and load up.
A well-placed parlay will often provide the opportunity to hedge against the last leg should the earlier legs have won. This guarantees you a win or at the very least provides a safety net to your stake - basically, you're playing defense. Any experienced gambler will tell you that fate can intervene at inopportune times. An injury to a key player and your multi-bet can all go down the drain.
Use Free Bets
Top online bookmakers offer free play bonuses for depositing, loyalty, or for betting on promotional markets. With free bets, however, bettors only receive the winnings and not the original stake. So using free bonuses to combine multiple straight wagers is among the recommended parlay betting tips. For example, if a gamer has a $10 free bet and uses it on a multi-bet with 9-1 odds; the payout will be $80, of course minus the $10 free cash. As you can see, this makes more sense than using the free cash to bet on a single game.