Parlays are very exciting sports betting strategies because they can make huge profits even when the games you choose to bet on end in a draw. In basketball, for example, you may have seen people putting large amounts of cash on the outcome of the game. It is not unusual to see fans walking around with $100 or more in their pockets after a big games because they believe in the strategy of parlays. While this may be exciting, you should not expect to win large sums of money simply by understanding how to bet on parlays. If you want to be a successful bettor, you should know what other kinds of bets are available and how to use them to your advantage.
Types of Parlay Bets
When you bet on parlays, you are playing multiple games simultaneously. This means you are making multiple wagers simultaneously, rather than consecutively. After all, the games typically take place over several months, so you have to make several wagers to ensure you win. Knowing this, let’s examine the different kinds of parlay bets available:
Money Line Parlay
The most basic type of parlay is the money line parlay. In this strategy, you are backing the winners of multiple games, but you do not have to wager a large amount on each ticket. The money line parlay allows you to win smaller amounts on each game, but you should still understand the strategy behind this type of bet.
The key to successful betting on this type of parlay is to wager small amounts on each of the games you choose, but it is important to place the right kinds of wagers. For example, you should avoid betting on a team you love to lose, as this may cause you to lose your money. On the other hand, you may want to bet on a team you hate, as they have a higher chance of losing. Therefore, it is important to research the teams you are planning to bet on, as this will affect the outcome of your wagers.
Over/Under (O/U) Parlay
The over/under (O/U) parlay is similar to the money line parlay, but instead of picking a winner of a game, you are choosing which side of the game will win. For example, if you believe the total points in a NFL game will be higher than the total, you can lay a wager on the over (O) side of the game. If you believe the opposite, you can lay a wager on the under (U) side of the game. This is an easy way to make money in NBA parlays, as you will see in a second.
This type of bet is popular in tennis as well, where you can often find people betting on the higher court scores or the lower court scores. For instance, a fan may lay a bet on the number of aces the server will produce in the next game. If they choose the over option for that game, they will win their money back plus some additional profit. In most cases, this type of wager is accepted online, as long as the bookmakers are aware of the parlay. You should check the rules and regulations for the websites you use, as well as read the reviews to ensure you are betting on a reliable platform. The key to successful betting on this type of parlay is to pick a side you are confident will win, and stick with it. Another important factor is selecting the right games; you should avoid games with lines that are unfavorably distributed for the side you have chosen. In most cases, this will mean you will need to search for games with large number of ties. In extreme cases, there may be nothing available at all, in which case you should consider laying off (not laying on) that particular team. It is important to keep in mind when choosing this type of wager that you are taking a chance, as there is always the possibility you might lose, however unlikely that may be.
Props
Another type of parlay bet that has become very popular is props. In props, you are not choosing a winner of a particular game, but you are instead choosing which outcome of a physical action will occur. For example, you may believe that the next spin of the roulette will land on a specific number. In that case, you can lay a bet on that number, and it will be your job to determine which of the two outcomes will occur. If you manage to pick the right numbers in the right order, you will make a substantial amount of money. Naturally, this is not a simple task, and it takes a lot of practice to become skilled at it.
The key to successful betting on props is to find a reputable website that offers them and to familiarize yourself with the different types of props that are available. As with any other type of wager, it is advisable to avoid betting on teams you love to lose, as this may end up costing you money in the long run.
Head-to-Head Parlay
Last but not least, we have the head-to-head parlay. In head-to-head, you are picking the winner of each game individually. Naturally, this is the most complex and, in most cases, the most profitable type of parlay. This is because the odds are equal for every game, and you will not have to deal with the disadvantages that are present when choosing a winner based on the results of multiple games.
The best part about head-to-head parlays is that they can be used in all types of sports. This is because, while most people choose to bet on basketball and football, the strategy can be applied to any sport with the appropriate wagers. The key to successful betting on this type of parlay is to be familiar with all the different outcomes. Naturally, you will not know which one will occur until the end of the game, but it is important to have a good idea of what happened in the previous games. As a beginner, it is usually advisable to start out with small bets and gradually increase your wager as you gain experience. You should also make sure you are utilizing proper betting strategies, as this will make a huge difference in the amount of money you might win or lose.
To help you get started, we have compiled a list of the best online bookmakers that offer a satisfying no-fee betting experience. Keep in mind that the types of bets and payment methods available on each website may be different, so make sure you familiarize yourself with them before making your first withdrawal. In most cases, these types of bookmakers offer great value for money and allow you to make money quickly and easily. You may visit the websites below to find more information about each bookmaker or to sign up.