Parlay Betting - The Essence
Nowadays, the wide variety of different online bookmakers allow you to place many types of bets only by using your smartphone, you do not even need to sit in front of the computer and waste time, you just need a smartphone and a stable internet connection. From that, different bookmakers want to give you all the best betting options, and one of them is Parlay Betting. Actually, parlay betting is available for so many years since there were small betting houses. Parlay betting is one of the most popular types of bets, which allows you to get very high returns, but also the risk is higher. So, in the article below we from betinception.com, are going to give you a full overview of Parlay Bets, so that you master them and earn from them, instead of letting the risk lose you money.
History and Definition of Parlay Bets
Parlay bets may sound unfamiliar for you, but that is only because you still do not what they are. Parlay bets are simply straight columns, which consist of more than 2 selections in it, and in order to win a parlay bet, all of the selections should be winning. Parlay bets are quite similar to accumulators, with small differences, which come from different types of parlay bets. The biggest advantage of Parlay bets is that they can drastically increase your profits if you win one of those bets. But, as you can suggest the risk is higher when it comes to Parlay bets, as you have to successfully predict more than one selection. Parlay Bets can be also known as:
- Multi Bets,
- Combo Bets,
Parlay bets are actually not a new type of betting. Parlay bets are available for so many years, and players can enjoy placing parlays since there were not online bookies, but the betting providers were small betting houses.
What is the difference between parlay bets and accumulator bets?
Parlay bets are also known as accumulator bets, multi-bets, combo bets, but actually, there is a difference between the classic accumulator bets and Parlay Bets. Many players are mistaken with that, and end up losing money rather than winning. Most of the differences are restrictive and also there are different rules about winning a parlay bet compared to accumulators. Let’s see the differences:
- In order to win an accumulator, you have to win all of the selections in it, but in parlay bets, even if the game end up a draw or the game is canceled you still can win,
- There are different types of parlays, which allows you to combine selections, in order for the ticket to be winning, even if you lose some of the selections,
- In parlay bets, you can combine different types of markets, sports, and you can place a whole bet, whereas, for accumulators, there are some restrictions.
What types of Parlay Bets are Available?
There is only one way for you to understand parlay bets, which is to see them in play. So, in order to help you with that, we from betinception.com, are going to give you parlay bet types.
The most popular types of parlay bets are for no doubt Round Robins. Round Robin is a classical parlay bet, where you can place multiple bets on a single ticket. But, the tricky part, is that you can decide how many selections to tie together. You can choose between 3 and 8 selections.
If you have 6 selections, and you want to tie them into 3, that will mean that you have to bet for every possible combination, which makes 20 rows. So, if you have 100 dollars to bet, you have to place 5 dollars per row.
Point Spreads are the second type of Parlay Bets, which are also quite popular among online betting lovers. Points Spread, or also known as The Spread. The Spreads are simply bets, which equalize the chances of winning for both teams, making the odds higher.
Point Spreads are quite similar to the Asian Handicap, which gives an advantage for the losing team. In Point Spread the idea is the same.
If there is a game between Team A and Team B, and Team A is favored, the odds for it, will be quite lower, so Point Spreads will give disadvantage to Team A, so that it has to win with more than 2 goals difference, in order for you to win the bet.
Points Spread are a little bit difficult to be understood for beginners, but we guarantee you there is nothing to worry about, just remember that Point Spreads give an advantage for the underdog so that the favored team should win with more goals difference.
Pleasers are the type of Parlay Bets, which makes Parlay Betting a complete satisfying journey for players. Pleasers are the types of bets, which can only be placed on Parlay Bets. In order to place a Pleaser, you need to have at least one more game to bet on, and the whole structure of Pleasers is to increase the odds for your current Parlay Bet.
Teasers are the simple version of Points Spread, and they slightly decrease the odds of the Spreads but increases the chances for winning those bets. You can simply Tease most types of markets like over/under, or even total goals, apart from the classical 1 X 2 market. Teasers actually double the odds, by insuring your bets.
There is another type of Parlays, which is called Progressive Parlays. Progressive parlays consist of 4 to 12 selections, which give you the chance to still win a bet, even if some of the selections lose. To make things even clearer, you have to remember that the more events you put in your parlay, the more selections you can lose, for example, if you bet on 4 to 6 selections, you can win one of them, if you bet on a 7 to 9, you can lose two selections, and the biggest deal, if you bet on 10 - 12 selections, you can lose up to 3 of them and still win.
Money Line is the most simple type of Parlay bets, as you already place them every single day without even knowing. Money Line bets remove all the other criteria, numbers, increased or decreased odds, also chances for losing, and allows you to place a bet on one of the two teams.
You can mix Money line bets with the point spread.
But, you cannot mix Money line bets with teasers and pleasers.
How to create a Parlay Bet?
As you can see there are a lot of different types of parlay bets. So, it is quite important to know how you can place a parlay bet. So, we from betinception.com, are going to give you the steps for that.
- The first step is to choose a bookmaker and open your account,
- After that, you have to make your first deposit, in order to have funds to place your parlay bet,
- Next, you have to make solid research and choose which selections to put in your parlay bet,
- You have to choose which type of parlay bet to place,
- Then, you have to do the calculations about how much to stake, depending on the parlay you placed,
- And finally, you have to place this bet.
Which Bookmakers offer Parlay Betting?
After you know most about Parlay bets, we from betinception.com, are going to list some of the best online bookmakers, which offer that type of betting.
1xBet is one of the strongest online betting houses, which have amazing sports betting section, full of events and markets, also the odds are quite high, which is very important for parlay bets. The good news is that you can even take advantage of the welcome bonus offer for sports, which can make your Parlay betting journey even more profitable. The welcome bonus offer is worth 100% of up to 100 euros.
BetWinner is another giant through online bookmakers. The surprising about BetWinner is that the bookie is quite young, only 3 years old, but it already managed to grow and offer you a wide variety of sports betting options, markets, including parlay betting, and the odds are very high. The welcome bonus offer, which you can benefit from in BetWinner is again worth 100% of up to 100 euros.
Bwin is another online bookie, which is perfect for Parlay Bettors. The bookie is so popular since its foundation in the late 1990s. The bookie is a proud sponsor of one of the biggest teams in the world, like Real Madrid, Juventus, Manchester United, etc. Of course, the bookie is offering high odds, and also many betting options like the Parlay Bets. The welcome bonus offer, which you can claim when you join it, is worth 10 euros as a free bet.
22bet is another young online bookmaker, which grown very fast. If you join 22bet, you will miss nothing. The bookie is offering many sports betting options, high odds, and do not forget about the many parlay betting options, which can make your betting journey very exciting. The welcome bonus offer from 22bet for sports is 100% of up to 122 euros.
MELbet is the last bookmaker, which we will advise you to try if you are about to place Parlay Bets. The only disadvantage of the bookie is that it is not available in certain countries, more compared to other bookies. But, apart from that, MELbet has a very rich sports betting section, where you can place Parlay Bets. The welcome bonus from MELbet is also very generous, it is worth 100% of up to 100 Euros.
Top 5 Tips for being successful in Parlay Betting
Parlay bets have two sides, you can win a lot of money from them, as they give you huge potential returns, but on the other hand, increases the risk as you can lose a lot because you have to successfully predict more than one event. So, let’s see the top 5 tips about being successful in Parlay Betting.
The key to being successful in any type of sports betting is to make research. By knowing how both teams/ players are performing in the last few games, also knowing about all the statistics can really make a difference in how profitable you will be. In parlay betting, it is even more important as you have to successfully predict more than one final result,
2. Value bets
One of the factors, which determine your betting experience quality, is the ability to find value bets. If you know how to find value bets, you can say that you are an experienced bettor. So, in parlay betting, finding value bets may be crucial for making lots of profits. To find value bets means to know if it is worth it to put a selection in your ticket, by calculating the risks, and the potential returns,
3. Manage your money
When you are betting, not on parlay bets, and of course if you want to end up with profits, you have to know how to successfully manage your money. If you stake chaotic and do not follow any specific money management strategy, you risk ending up losing a lot of money, no matter that you win many bets,
4. Claim Bonus Offers
Bonus offers can change your betting experience at all. By getting some free funds for betting sometimes, may help you grow your account. The good news is that online bookmakers offer you many bonuses, and in order to claim them, you only have to follow some simple rules and requirements,
5. Bet only if you understand Parlays
If you cannot understand how parlay bets work, you should consider learning them first, and only after that put your money in play. For example, if you do not understand how progressive parlays work, but know how teasers work, stick to teasers and avoid progressive parlays, until you learn them.
What are the advantages and disadvantages of Parlay Bets?
And last but not least, as Parlay bets can be qualified both as very profitable, and completely the opposite, can get a lot of money for you, we decided to give you the major advantages and disadvantages of Parlay bets so that you can decide if you want to place them. Unfortunately, Parlay Bets do not fit any player, so if you are not confident in Parlay, just avoid placing them.
- Almost every online bookmaker offer parlay betting,
- Parlay bets allow you to combine many sports, markets, which is not possible when you place classical accumulators,
- Parlay bets give you the chance for winning even if you lose some selections,
- Some types of parlay bets, allows you to combine your selections into different columns so that you can increase your chances of winning,
- Parlay bets increase your potential winnings drastically, as they combine multiple selections.
- Parlay Bets require very solid research before putting any selection in it,
- Some types of parlay bets may decrease your odds, but increase your chances of winning,
- Parlay bets are quite difficult to be mastered.
Frequently Asked Questions about Parlay Bets
🤔Q: How does a Parlay bet works?
A: Parlay bets in sports betting are simply straight columns, which consist of more than 2 selections, which are tied up in one bet. If you lose one selection, you lose the whole parlay bet, but there are different types of parlay, which allows you to still win if you lose one or more selections.
🤔Q: How does a Parlay Bet payout?
A: In order for you to win a parlay bet, you have to successfully predict all of the selections in it. Only if one selection does not tie-up, you will lose the bet. There are some parlays, which still allow you to win even if you lose some selections.
🤔Q: What is the biggest parlay ever won?
A: The biggest parlay bet ever won was in William Hill, which is one of the most popular bookmakers. The parlay bet consisted of 7 parlays, and the ticket was worth 4000 $ for the stake, which returned the massive amount of 442 643.40 dollars.
🤔Q: What are teasers?
A: Teasers are quite different from regular parlays, as in teasers you can tease the spreads to reduce the risk. You are able to tease your spreads by 6.0, 6.5, 7.0 points.
In Summary about Parlay Betting
Parlay betting is one of the most popular types of bets nowadays. Parlay bets are quite similar to accumulator bets, but there are some types of parlays, which allow you to still win money even if some of the selections in your bet are losing. The good news is that Parlays give you very huge potential returns, as Parlays simply multiply the odds for all of the selections in it, so parlay betting may be very profitable. But, that also is the main disadvantage, by having more than one selection in your bet, you have to successfully predict all of them to win, which increases the risk. But, the good news is that we from betinception.com, break into pieces all about Parlay betting, so that you can start your parlay betting journey now, and we can guarantee you, Parlay bets can be the start of your online betting journey that you expected, full of huge profits and satisfaction.