A parlay also known as accumulator or combo bet is a single bet that links together multiple games all placed into a single bet. The benefit is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting it is much higher. In theory the payout for a 2-team parlay is the same as if you bet one game, collected your winnings plus stake, and then bet the winnings plus stake on a second game. A three 3-team parlay in theory pays the same as if you repeated this process of rolling forward an additional time, so on and so forth. But when it comes to football parlays the payouts are often less.
What’s important to note for football betting is many online sportsbooks short-pay point spread selections when adding them to a parlay. It is important to read through their website as normally they will have built deep into their betting rules, including terms such as “fixed parlay odds” for football point spreads.
When betting sites offer fixed parlay odds on point spreads generally the more teams you bet the worse the odds become. If you were to roll all bets forward 8-times, staking your full return each time, you’d get paid 175.45 to 1 and notice
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There’s a trick you should know about. In Las Vegas, and with many online sportsbooks, fixed odds only apply to point spreads priced -110. If you were to add an alternative selection you can force the sportsbook to give you the true odds. For example an 8 team point spread parlay where 7 teams are -110 and one team is -115 you’ll end up with a payout of 171.8 to 1 instead of the 165 to 1 they offer if all teams were -110. You’re also more likely to win because teams priced -115 win more often than teams priced -110. The golden rule is to never select only teams priced -110 at betting sites that use fixed odds for football parlays.
If a betting site allowed you to parlay yes or no for two propositions listed as “will it be rainy today?” and “willing it be cloudy today?” obviously you’d have a huge edge betting parlays instead of straight wagers. Unfortunately online betting sites block parlays for anything too heavily correlated. For example, a college football line from late last season was LSU –49 / NWST +49 with an over/under of 56. Obviously the betting sites did not allow parlays on this game because the results were too heavily correlated.
Parlays are mostly lottery type gambles for recreational bettors, but when used on correlated outcomes, or to increase free play value, or to circumvent betting limits they can be smart plays. In most all other cases you’re far better off betting straight using a football betting system over adding the selection to the parlay. However, if you’re just looking to gamble, be reminded to avoid fixed odds by either adding a team priced something other than -110 to your betting ticket, or by using betting websites with favorable parlay odds. At Heritagesports you can parlay up to 25 teams, Sign up now at Heritagesports.eu