4/4/2022

Moneyline Parlay

Moneyline Parlay Strategy A parlay bet is one of the most popular forms of betting in the betting industry where punters opt to bet on a group of teams by combining them to make a single wager as compared to betting on several teams individually. By definition, a parlay is a single bet that combines together two or more individual wagers and is dependent on all of those wagers winning together. Other common names for parlay bets include accumulator, combo, or multi bets.

A parlay bet is a common way for sports bettors to increase their odds and payoffs. Instead of making multiple, single bets, a parlay bet combines 2 or more bets into one bet. Each bet within the parlay must win in order for the parlay to win. If any bet within the parlay loses, the bet loses. The more teams put into a parlay bet, the higher the odds.

Parlay bets should be used by one type of bettor, casual bettors doing it for occasional fun. Serious and professional sports bettors should only place parlay bets on very limited occasions, if ever. Since it only takes one loss within a parlay to lose the entire bet, the risk is very high. On a 6 team parlay, you could go 5-1 and lose your entire bet. Had these been straight bets, you’d be a happy camper.

Recommended Sportsbook for Parlay Bets:

Higher than normal parlay payout odds

Parlay Betting Odds

Two types of parlay bets can be made – those that use a point spread, and those that use a money line. Point spread parlay bets have somewhat standard odds, being very close at most sportsbooks. While there can be some slight variation from one sportsbook to another, in order to be competitive they’re generally pretty similar.

Typical Point Spread Parlay Betting Odds

  • 2 Teams: 2.6:1
  • 3 Teams: 6:1
  • 4 Teams: 10:1
  • 5 Teams: 20:1
  • 6 Teams: 40:1
  • 7 Teams: 80:1
  • 8 Teams: 100:1
  • 9 Teams: 150:1
  • 10 Teams: 300:1
  • 11 Teams: 450:1
  • 12 Teams: 600:1
  • 13 Teams: 750:1
  • 14 Teams: 900:1
  • 15 Teams: 1500:1

Money Line Parlay Betting Odds

Odds for parlay bets when using a money line are relative to the odds of each pick within the parlay. If you’ve chosen a number of underdogs, your odds will go up. If you’ve chosen big favorites, the odds will be lower. Money line parlays are great for an annual trip to Vegas where the idea is to go big or go home. However, for people who take their sports betting seriously, they’re too high risk to be a reasonable betting strategy.

Moneyline Parlay Formula

Benefits of Parlay Betting

Parlay bets allow sports bettors to make small bets with the possibility of large wins. They also allow bettors who have a limited bankroll to bet on multiple games, instead of waiting for games to end and time to collect their winnings. If multiple games are going on at the same time and you don’t have enough money to make straight bets on each game, a parlay bet is a way to get action on each game.

Moneyline parlay duke

To put a parlay win into perspective, lets use a 5 game parlay as an example. If you made 5 straight bets for $22 each ($110 total wagered) and won all of them, you would win $20 per game for a $100 total profit. However that same $110 wagered on a successful 5 team parlay would pay $2200. But wait, before you go place your bet, keep reading.

Negatives of Parlay Betting

The major problem with parlay betting is that they don’t offer true odds. For example, the true odds of hitting an 8 team parlay is 255:1, while the payoff is only 100:1. This is a big disadvantage to the bettor. Similar to Roulette, when you split your chips across 2 numbers, you get slightly worse odds. When you split them across four numbers, the odds get worse again. The same can be said for parlay bets in sports betting.

Think of it this way. If you want to bet $100 on each of 5 games, but can’t afford to risk the full $500, you probably shouldn’t be betting at all. If you can afford the full $500, you will get a better payout with less risk of losing all your money by making straight bets.

Parlay Betting Tips

There are all sorts of little tips for improving your ROI on parlay bets, but there are a couple of tips that everyone needs to know. To improve your chances and win more on your parlay bets, follow these tips.

Bet on Fewer Teams, Raise Your Bets

Parlays are often used the wrong way. Instead of placing a $20, 5 team parlay, it’s better to make a 3 team parlay for more money. While the odds are lower, the win-rate is much higher, relying on only 3 wins instead of 5. By increasing the bet size, you can make up for the lower odds. This gives you a better chance at a win and a nice payday.

If you have more teams you want to bet on, split your parlays into multiple, smaller parlay bets.

Protect Your Bets

If you have a 5 team parlay that is 4-0 going into the fifth game, you stand to win $1000 on a $50 wager. A loss in the fifth game pays you nothing. To guarantee a win, place a straight bet for $525 on the team opposing your parlay pick. This will guarantee you a minimum win of $425 no matter what the result of the fifth game is. While expert bettors don’t bet a lot of parlays, when they do, this is a strategy they often employ.

If your parlay wins, you collect $1000. This is a $950 profit from your $50 bet, minus the $525 side bet, for a guaranteed win of $425.

If your parlay loses, you lose $50 there but make $477 profit (11/10 odds) on the $525 side bet, for $427 guaranteed profit.

Either way, you can grab a beer and enjoy that last game, knowing you’re a winner no matter what.

Parlay Betting Rules in Event of a Tie

Before placing a parlay bet at a live or online sportsbook, find out the rules in the event of a tie. At some sportsbooks a tie will remove one team from the parlay, moving it down one level. For example, if you have a 5 team parlay with one tie, the parlay will automatically become a 4 team parlay, essentially removing one team from the bet.

At other sportsbooks, a tie results in a loss. This is bad for the bettor, so make sure you know the rules before placing your bet. This is especially important for betting on soccer or hockey where ties are common. Expert sports bettors never place a parlay bet without knowing these rules.

NFL & NCAA Football Parlay Betting

Parlay bets are extremely popular with NFL and NCAA football bettors. Parlay bets for football combine multiple straight bets, meaning the point spread is used. A bettors job is to pick teams that will cover the spread. If any team within the parlay does not cover the spread, the entire parlay bet loses.

How to calculate moneyline parlay odds

While we don’t like parlay bets for serious bettors, they’re a great way to add tons of excitement to a weekend of football. Just remember how hard it is to go 3 for 3 in your fantasy league before you place a 10 team parlay.

» Posted on 01 / 2 / 2016

Moneyline Parlay Betting

How to Use Money Line Parlays

One of the best tools a bettor can use is the money line parlay betting. Money line parlays have two main benefits: the exponential value of parlays and the simplicity of money lines. If you’ve ever used a parlay before, then you know how quickly your return can increase as more games are added in. The simplicity of the money line is that you pick a team based on the fact that you think they are going to win. There is no worrying whether they will win by 2 or 10 or 20; all you need is a W by your picked team. Combine these two benefits together and you get a tool that is easy to use and easy to control.
There are two main types of money line parlays: an aggressive money line parlay, and a “safe” money line parlay.

Moneyline Parlay Calculator

The “safe” money line parlay is a low risk, low reward type of bet. This is the type of bet you can use when you are looking to strengthen your bankroll, and not have to worry too much over the games involved. When you are making this type of money line parlay, you want to eliminate all factors that could possibly burn you and cause you to lose this bet. Some of the circumstances you might want to avoid include:
Moneyline Parlay

Moneyline Parlay Nfl

·Teams playing the second night of a back-to-back (NBA)
· Injuries to impact players on EITHER team (often has the opposite effect of what you might expect [Ewing Theory])
·Any type of revenge factor for the team you bet against
Now let’s look at an example from NCAA Basketball. Here are the teams that you like to win (money line in parentheses): Duke -12 (- 1000), Kansas -15 (-1200), Xavier -8 (-500), Kentucky -20 (-2500). Now let’s look at how each of these affects the total parlay (running total in parentheses): Duke -1000 (-1000), add Kansas -1200 (-522), add Xavier -500 (-232), add Kentucky -2500 (-204). So despite the small amount of risk involved (assuming you avoided the extenuating circumstances), you would still get a 50% return on your bet. This is not the kind of bet that you will be raving to your friends about and buying rounds at the bar, but it is a low risk way to build your bankroll.
The second type is the aggressive money line parlay, a high risk, high reward version of this bet. This bet is very similar to the standard parlay, except that you still have the simplicity of the money line to work with. There are a couple of times when this strategy can be helpful: in games with close point spreads, or when you think an underdog will upset the favorite. In the aggressive money line parlay, you are not looking to strengthen your bankroll as much as you are looking to make the big hit. Let’s look at an example. The teams you think will win are: Villanova -3 (- 145), Ohio St -5 (- 235), Georgetown +4 (+140), Syracuse pk (-110). Now let’s calculate and watch the value shoot through the roof: Villanova -145 (-145), add Ohio State -235 (+141), add Georgetown +140 (+478), add Syracuse -110 (+1003). So, for knowing the winners of four games (granted, they are predicted to be close, and one is an upset), you can get a 1000% return on your bet.
These two types are the most common kinds of money line parlays, but there are no rules that say you can’t combine the two types in one bet. In fact, this is often a excellent way to turn a standard -110 bet into something more valuable. Here is an example. You like West Virginia -6 (-110) to cover the spread in their game. Normally, this would be a $100 bet to win 90$, paying $10 in juice. But the same night, Michigan State -15 (-1350) is playing and you feel confident they are going to win without a problem. Combine the West Virginia spread with the Michigan State money line in a parlay, and instead of the -110 payout, it now becomes +105, eliminating the juice and then some, all for very minimal additional risk.
Odds
Just like every type of bet, there is no guaranteed winner, so play accordingly. But if used correctly, the money line parlay can be a valuable tool for a bettor.