What Is Parlay Betting? | How To Place a Parlay Bet
It is not a secret that nowadays, the world of sports betting is quite huge, and it spread all over the world, in every single country. Before years, the available markets for sports betting were only a few, but now you can place bets on almost everything. One of the most popular and profitable markets, which you can bet on is Parlay. Parlay betting is simply a straight bet, but with multiple selections in it. You simply stake once, but all the selections should win, in order for you to win the bet.
History of Parlay Betting
Parlay betting is actually popular for so many years, and a lot of players are relying only on them to make a lot of money from sports betting. These types of bets are a perfect way for you to become advanced in sports betting. Actually, parlay bets are the favorite of most of the bookmakers, simply because they combine a few wagers in it so that it is harder to win them. But, on the other side, if you know how to place them, and what are the most important tips about placing successful parlay bets, you can win a massive amount of money, and you can even make a living prom parlay betting.
What is Parlay Betting?
The easiest way for you to understand Parlay betting is simply knowing that these bets are combining multiple wagers on a single ticket, where in order for the parlay bet to be winning, all the wagers should be winning. Only one losing wager means your whole ticket is losing. The biggest advantage of parlay bets is that the odds of all the selections are multiplied so that they are really high.
You can simply place parlay bets on every single sport, you can even combine sports so that the freedom for you is on. For example, you can combine football wagers with tennis and ice hockey wagers. You can also place more than one wager from the same sport.
Types of Parlay Bets
As for every other bet, parlay bets also have different types, which can make your sports betting even better. In order to help you fully understand parlay bets, we are going to reveal everything connected with the main variation of parlay bets.
Round Robin
Round Robin is one of the most popular parlay bets that you can place. The Round Robin is actually placing multiple parlay bets at once. In order to place Round Robin bet, you need to choose from 3 up to 8 bets, then you need to decide how many you want to tie together.
For example, if you want to bet on 8 teams, and tie them into two, you need to bet for every possible combination. If you want to bet on 8 teams, you are going to have 28 different parlays if you choose two teams. For Round Robin bets, you need to stake for every single combination, simply if you want to bet 20 dollars on each parlay, you need to bet 560 dollars total.
Point Spreads
The next major type of parlay bets is Points Spread, or just The Spread. Actually, without the point spreads, you could only bet on the favoured team and win a lot of money. But, the spreads evens the team’s chances of winning, and what that means is also the odds are extremely high.
For example, let’s say we have a game between team A and team B, if the game is hard to be predicted and both teams have almost the same chances of winning, but no matter that Team A is favoured, the points spread will be something like Team A (-2) and team B (+2). What that means, is if team A wins only by one goal/ points difference, you are going to lose your bet if you placed it for team A, but if you placed for team B, you are going to win.
You need to rememebr that the spreads are calculated by the chances of both teams to win. For most of the beginners in betting, points spreads are a little bit complicated, but that should not worry, through the time, and by gaining expereicne in betting, you are going to master them.
In order to make Point Spreads even more satisfiying and thrilling, there are some additional betting options Teasers and Pleasers.
Teasers
Teasers are the type of bets where you can turnover the points spread into your favour. Teaser bets actually decrese the winning payout, but your chances of winning are a way higher.
So, let’s say we again have the example from the spread, where Team A (-2) is favoured and Team B (-2). And if you tease 4, you are going to simply reverse the situation, so that you simply escalate your chances of winning your Parlay bet.
The good news is that you can not only tease the point spread, but you can also tease the over/ under and even the total.
Pleasers
Pleasers are the type of bets, which simply make parlay bets unique. Actually, pleasers can be plased only on parlay bets, so that you need at least one more bet, in order to place them. Pleasers simply make the points spreads even bigger. Let’s see again the example, which we already gave, where the team A is favoured (-2), and team B is not (+2). The Pleasers, can make the points from -2 up to -10, which again increases your chances of winning.
Moneyline
Moneline bets are actually, the most popular type of bets, which we already place every time without even knowing it. Moneline bets simply remove all the numbers from the other types of parlay bets, and just allows you to place a bet on one of the two teams. The secret with Moneyline bets is to make a solid research about each game, in order to predict, who will win the game. Actually, you are allowed to mix moneyline bets with point spread, but you are not allowed to mix moneyline bets with teasers or pleaser bets.
Which are the top 5 online bookmakers that offer parlay betting?
It is not a secret that nowadays, there are a lot of available online bookmakers on the market. So that, we from bettingy.com are going to list the top 5 bookies, which allows you to place parlay bets.
- 1xBet - No matter for which type of betting we are talking, we cannot skip 1xBet. 1xBet is for no dobut one of the giants through online bookmakers. Immediately after you join 1xBet, you are going to have access to a wide variety of sports betting options, markets with an extremely high odds, and last but not least, the bookmaker is simply perfect for parlay betting. So, if you are still thinking of which bookie to join, just try 1xBet, you are going to be more than satisfied,
- William Hill - William Hill is another huge online betting company, not only for parlay betting, but for every single type of betting. William Hill is offering you a uniuqe sportsbook, where you can choose between many sports betting options, markets with an extemely high odds, the bonus offers you can claim are quite generous, so that you can claim a lot of free money for betting. So that, if you are about to start not only parlay betting, but every other type of betting, William Hill is another perfect choice,
- Betfair - The next recommondation for online bookmaker for parlay betting is Betfair. The bookmaker is on the market for so many years, so that its team clearly knows what to offer you, in order to make you feel satisfied. If you join Betfair, you are allowed to bet on thousands of available betting markets, and the odds are also extremely high. That makes Betfair one of the best online bookmakers for parlay betting. Do not forget that the bookmaker is very popular iwth its wide variety of bonus offers,
- Betwinner - Betwinner is one of the online bookmakers, which is available on the market for quite short time, but it already managed to prove that it has a high potential for going on the top. The bookmaker is popular in all over the world, and as you can suggest, it offers you a lot of parlay betting options. It is very important to remember that Betwinner is an online bookmaker, which is always trying to provide you the best, and in order to motivate you, you can claim a lot of bonus offer through your online betting journey,
- 888sport - 888sport is a part of the 888group, which is one of the leading global online betting providers. 888sport is a website, which is specific for sports bets, and that is not the best for it, you can bet on a lot of betting markets with a very high odds, which makes it one of the best online bookmakers for parlay betting. 888sport is also one of the best options, if you love to be motivated frequently, simply because you can claim a lot of genrous bonus offers.
Top 5 Advice for placing successful parlay bets
Parlay bets are one of the most popular and profitable types of bets, but actually, they are quite difficult to be won if you do not how to place them. As parlay bets are quite complicated for most of the players, we from bettingy.com, are going to give you some cruical advice on how to place successful parlay bets. You will notice that the top 5 advice that we are going to give you, are actually working for every single type of betting:
- Always make a reasearch - One of the most important advice for not only parlay betting, but for every single type of betting is to always make a research before placing the bet. Espeically for parlay bets, which requires you to combine more than one selection into one bet, you have to know that you know everything about each one, in order to maximize your chances of winning. The more you know about each team, the higher are your chances of placing the right bet. You need to check the motivation of both teams, the condition of the players, how important is the game for both teams, are there any key players missing, etc,
- You have to know how much to bet - The next advice, which can be cruical in longterm is to know exactly how much to place on each parlay bet. If you bet a lot, you may ruin your bankroll only for one bet, but if you bet a way too less, you can take profits, which are not worth it, so that you should be aware of bankroll management. As this topic is very complicated for a lot of players, we from bettingy.com, created a full guide on how to successfully manage your banrkoll, which you can read here,
- Always take advantage from bonus offers - As we already mentioned most of the online bookmakers give you a lot of bonus offers to motivate your often. Unfortunately, most of the bettor usually beleive that the bonus offers are not very beneficial, but that is actually incorrect. Bonus offers simply gives you a lot of free money for betting. So, every time when you have the chance to claim a bonus offer, just do it, it is more than worth it,
- Always search for value bets - The whole structure of parlay bets can increase or decrease the odds, so that it is very important for you to know how to find only value bets. Knowing how to find only value bets will not only increase your chances of making huge profits on parlay bets, but will also help you increase your profits from all of the other types of betting. The most important thing, you need to know for finding only value bets, is to know how to calculate your potential winning, and after that decide if it is worth it to put that selection into your bet,
- Choose the best online bookmaker - Most of the bettors just choose an online bookmaker and start betting on it. But, actually that is a mistake, which can ruin your parlay betting journey. As there are a lot of available online bookmakers, it is not a secret that some of them are better, so it is cruical for you to choose the best one. Some bookmakers offer higher odds, lower fees, more bonuses, so that you need to see which one fits you the best. The good news is that we already listed the top 5 online bookmakers, which managed to combine all of the advantages of online bookies, so that you should probably try them.
What are the advantages and disadvantages of parlay betting?
From the article above, you already know what parlay bets are, and what are the types of parlay bets are. Unfortunately, most of the online bettor find parlays a little bit complicated, so that they do not know if it is worth it to place them or not. Now, we from bettingy.com, are going to list you some of the major advantages and disadvantages of parlay betting, in order to decide if parlay betting is worth it or not.
Advantages
- Parlay bets can increase your chances of winning, depending on which type of parlay you bet,
- Parlay bets can give you a lot of profits, simply because parlay bets are combining more selections into one bet,
- Parlay bets offer you a lot of betting markets, which are not accessible if you place normal singe or accumulator bets, for example, pleasers,
- Paraly bets allows you to choose more than one game and tie them up, in order to make sure that you win,
- Parlay bets are one of the most popular types of betting, so that almost every single online bookmaker is offering them,
- There are a lot of online bookmakers, which allows you to claim bonus offers for parlay bets.
Disadvatnages
- Parlay bets are a little bit difficult to be understood,
- Parlay bets requires you to make a solid research for each selection,
- Parlay bets can sometimes reduce the odds of your selection,
- For most of parlay bet types, if you lose only one selection, you lose the whole bet.
In Summary
Parlay betting is quite popular not only through professional gamblers, but also through beginners in online betting. The secret about parlay bets is that they reveal a lot of betting options for you. As you already know what are parlay bets, which are the most popular types, the only thing you need to do, is to join one of the avialable online bookmakers, and start placing parlay bets, simply because the practice will help you master that type of betting. The only thing you need to remember is the advice, which we gave you for placing only successful parlay bets.
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