Parlays can be one of the most lucrative payouts in sports wagering
Daniel Lovitz Jersey , but they can
be one of the most frustrating losses too when they narrowly miss. Lets review the basic
idea of a parlay: the player bets on the outcome of two or more games, and as the number
of teams he picks goes up, so do the odds at which he is paid out. The teams can
span a
variety of sports and the events wagered on can take place on different days. GoSportsBet
and other books tend to offer everything from 2- to 12-team parlays, and the more teams
you pick, the greater your potential payouts. However, the catch is that if even one of
your teams loses, the whole parlay is a loss.
Many bettors choose to play a weekly parlay at a low bet. Like a lottery ticket,
many people feel it is worth spending a tiny amount in order to give themselves a chance
at a big payout; unlike a lottery
Damien Perquis Jersey , though, in the case of parlays the player feels that there is
more to picking the winning combination than just luck. GoSportsBets minimum bet is
one dollar for a 12-team parlay, and many bettors take advantage of this each week.
The odds of getting 10 or 11 of your picks correct in a 12-team parlay are
naturally much higher than the odds of recording a perfect score. With that in mind, many
books including GoSportsBet have started offering progressive parlays. These bets
essentially give you insurance, so that if you miss one or two picks, your card is still
a
winner. For instance: a GoSportsBet regular 12-team parlay pays 1,800 to 1 odds if all 12
picks win. A 12-team progressive parlay pays 900 to 1, but if 3 teams out of 12 lose
Collen Warner Jersey , the
player is still paid out at 3 to 1 odds. If youre essentially resigned to losing your bet, but
want a slim shot at a huge payday, the regular parlay is the way to go. If youre pretty
confident about most but not all of your picks, and want to give yourself a good shot
at
hitting a payout, Id recommend trying a progressive parlay.
Now lets look at how to bet parlays. Like most aspects of sports wagering,
a
successful approach to parlays involves being familiar with the math involved. Lets take
the example of a 2-team parlay, where the player must pick the winner of the game Team
A vs Team B, and correctly pick the over under. There are four possible outcomes:
1. A wins
Clement Simonin Jersey , under
2. A wins, over
3. B wins, under
4. B wins, over
Thus, the real odds are 3 to 1 against the player. A standard payout for 2-team parlays is
2.6 to 1, giving the house a 10% edge. The difference in odds divided by the total number
of possible combinations equals the houses edgein this instance, 0.4 4 = 10%. If you
are just looking for a slim change at enormous payouts, then by all means
Chris Mannella Jersey , take the largest
parlays offered by your book. However, if you are a serious parlay bettor and are looking
to maximize your payouts, obviously the solution is to make bets where your odds are
best. On 2-team parlays the houses odds are 10%, and on 3-team parlays the odds
are
12.5% against you. After that, the houses edge gets much greater: 31.25% for 4-team
parlays, and more after that. Look to eliminate possible outcomes that have little chance
of happening. For instance, in a college football game where the spread is -30 and the
total is 42, it is highly unlikely that the favorite will cover and stay under the total. If the
dog scores one field goal
Blank Jersey , the favorite needs 34 points to cover and can score no more
than 39 points or the total goes over. Thus, the chances of this option happening are slim
enough that we can discount it. Removing this option from consideration now gives you a
+30% advantage over the house.
I often advise readers who enjoy parlays to include a Monday Night game as the
last leg of their weekly parlay. All too often, players hit all but the last game of
their
parlay and have such a promising start ruined. By having the last game delayed until a
day later, players who have hit all the games leading up to the final leg can lock in a
profit by making a straight wager against their final parlay pick. Be advised, however, not
to make secondary wagers where there is a possibility of losing both sides. If the line has
stayed stationary, however, players can either guarantee a modest win or cover
their
losses while still leaving the possibility of a large win.
For instance
Benoit Cheyrou Jersey , imagine Doug wagers $100 on a 4-team fixed-odds parlay (10:1
odds) with Philadelphia as his pick for the Monday Night game against Dallas. If all three
picks leading up to the final game have hit, Doug can either guarantee breaking even by
wagering $110 on Dallas, or ensure himself of at least $400 profit by wagering $550 on
Dallas. In the latter example, if Dallas covers, Doug wins $400 ($500 on the single game
minus the $100 parlay) and if Philly wins, Doug wins $450 ($1000 on the parlay
minus
$550 on the single game ).
Parlays can be extremely exciting, especially if your first few picks hit and the
slim chance of a huge payout appears to be an increasingly-possible reality. If you want a
slim shot at very lucrative odds, playing for the minimum bet adds excitement to
watching the sport and can occasionally be very profitable. If you play parlays to
make
money
Ashtone Morgan Jersey , I advise sticking to the 2- or 3-team parlays as these give the house far less of an
edge.
If you are thinking about wagering online visit http:www.gosportsbet and they will provide you with a $25
free no-deposit required wager.
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