Place parlay bet

Your two-team parlay can include a straight bet on one game and a point spread on the second. A four-team parlay might include point spreads and a range of prop bets. This flexibility applies to same-game parlays too. However, within the world of parlay betting there are several parlay combinations that present a variation on this popular theme. Let's look at some of the ways you can place more exotic and intriguing parlays. Round Robin Parlays Round robin parlays are a more complex version of the most easily understood type parlay bet.

The main difference here is that you cannot cover all the permutations involved in a round robin with a single bet. You will have to place two or more bets. The silver lining to that cloud is that you can still see a return even if one or more of your selections is not correct.

In a round robin, you select a number of teams you want to wager on - usually between three and ten. However, within that list of teams you can bet on any of the two-team parlays. If you pick three teams, for instance, there are three potential two-team parlays. When you place a round robin parlay, each of the two-team parlays will appear as an individual bet on your bet slip.

Round robin parlays may not be ideal for novice players, but the greater flexibility - offset by the fact that your initial investment is higher - makes them popular with more experienced bettors. Teaser Parlays A teaser bet is similar to a parlay, in that you are invited to combine several selections and cover them with a single stake.

Where the two types of wager differ is that with a teaser, you can tweak the odds in your favor. Be sure to keep an eye out for regular parlay promotions, to get the most value on your bets. Another great reason to claim the Caesars Promo Code. Caesars frequently has same game parlay insurance promotions on the biggest sporting events. Get the Caesars Promo Code 4. WynnBET WynnBet are strong in terms of the parlay offerings, allowing cross sport parlays on a wide variety of spots. WynnBet Spin Wheel Their unique strength is their parlay spin wheel, which is an exciting and fun way to parlay your bets.

If you place a parlay wager and you have enough chips, you can spin the wheel, in order to earn an odds boost, parlay insurance, and many more prizes. The best rewards are a stay at the Wynn Hotel and Casino in Las Vegas, or free bets for you to play with. Grab your WynnBet Promo Code 5.

There are a number of superb existing customer promotions centered around parlays, getting you a little extra bang for your buck. Then head over to SI Sportsbook to check out the amazing selection. BetRivers BetRivers has similar parlay options to other sportsbooks, though one standout feature is the Jackpot Parlay. These are bet types with long odds because eight randomly selected bet options are sent to you.

Eight randomly selected bets will be added to a betslip, and you will be able to see the payout from the selections. Bettors can select which sports and which markets they want to be included, before the parlay is generated for them. The free bets will be in your account within 30 minutes of placing your parlay.

Please note, the parlay must be of minimum odds of Claim your BetRivers Bonus Code 7. Plentiful markets, higher number of legs and great cash out options give you loads of options to choose from. They will often provide promotions on big games and events, giving existing customers free bets when placing same game parlays. Partial Cash Out The Partial Cash Out feature is helpful because it lets you withdraw part of your bet while leaving the rest on your risk.

For remaining bets, you can partially cash out up to 10 times for straight bets and five times for parlays. Get the bet bonus code 8. Fubo Sportsbook Fubo Sportsbook offers a wide range of parlay betting options, especially for the major leagues. You can find a long list of markets, which includes main lines, alternative odds, multiple point spreads, and a lot of parlays. Get the Fubo Sportsbook Promo Code 9. Borgata Sportsbook Borgata has strong parlay betting options, adequate for sports bettors in the two states in which Borgata operates.

The standout aspect is the ability to edit your parlay This exciting feature of the Borgata app gives you another layer of control over your betting. Get the Borgata Sportsbook Promo Code

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Both of those examples featured parlays where every leg had the same odds to keep things somewhat simpler. With some exceptions, you can pick whatever bets are offered and combine them into a parlay. Those exceptions can be parlaying correlated bets. That should make it easy to understand the appeal of parlays. They can become lottery tickets. Hedging Hedging is a slightly more advanced concept that is important to parlays. Take that example above.

Instead, the parlay requires North Texas also to win for you to get any credit. Hedging allows a bettor to guarantee some profit at a price. So North Texas could lose, and you get nothing. With two wins locked in, you can now hedge your parlay by betting against North Texas.

Remember that parlays force the winnings from a previous bet to roll over to the next one. Advertisement You can stick with North Texas and hold out for the big prize, or you can lower the risk-reward. Pushes on parlays Games that push, where a team is favored by six points and wins by six or the total lands exactly on the line, will be removed from a parlay as if they never happened.

Parlay odds All the examples and scenarios above operated under the assumption that the sportsbook gave the odds for the parlays at a fair price. Sometimes they will take some off the top. Get all-access to exclusive stories. When a single bet pushes , the rules are simple—your stake is returned to you. But what happens if one leg of a parlay pushes?

In such cases, the selection that is pushed is simply ignored and taken out of the parlay. If you made a 3-game parlay and one game got canceled or the bet pushed, the wager will be treated as a 2-game parlay. Consequently, the odds and the payout are lowered accordingly. One thing to note here is that each sportsbook has its own rules regarding pushed bets. Some sportsbooks leave up to 48 hours for postponed games to be rescheduled, while others consider all bets involving that game a push.

There also might be special rules in play for baseball games with changed pitcher lineups or teasers. Check with your sportsbook to know what happens in the case of a push in a parlay for sure. Is a Parlay a Good Bet? The reason for this is very evident—if one leg loses, the whole parlay loses, so winning a parlay is increasingly difficult with every added selection.

In addition, sportsbooks usually offer parlays with fixed odds, which are much lower than true odds, so the difference in implied probability and true odds of winning is greater compared to straight bets like spreads and totals.

You can convert odds to probability with our calculator and learn more about how to calculate implied probability. What the Data Says on Parlays The stats gathered from sportsbooks over the years confirm that parlays are typically sucker bets. Nevertheless, there are instances where parlays might not be such a bad option. If only one of your selections has the odds longer or shorter than , you will force the sportsbook to calculate your payout using true odds.

Another way you can make parlays work in your favor is by using various sportsbook promotions, like free bets. Strategies for Betting Parlays — How to Build a Winning Parlay System Over the years, many people have come up with strategies for betting parlays, although they rarely prove successful in the long run. While building a winning parlay system is basically an impossible task, there are ways in which you can at least lower the risk associated with making these bets.

That said, here are a few tips when it comes to betting parlays: 1 Taking Advantage of Intro Promos and Free Bets Almost every sportsbook offers promotions for their new customers. These promotions can come in the form of risk-free bets, deposit matches, or free bets , basically allowing you to extend your bankroll after completing the initial deposit.