How to Tell the Difference Between Sports Betting Spreads and Parlays

If you’re a sports fan, you’ll often find yourself wondering just what is a parlay and how does it compare to a spread?

A parlay is when you combine multiple sports bets to earn a profit. The basic form of a parlay is “football + basketball + baseball”, for example. The payout on a parlay is normally quite high, meaning that it’s usually only available at bookmakers who also offer high roller sports betting. If you want to try your hand at parlaying, you’ll typically need to purchase a book or two that has all of the possible combinations of sports teams in it. As you might imagine, the amount of money you need to lay for each bet will be quite high. It’s not uncommon for parlays to require hundreds, if not thousands, of dollars to set up. Once you’ve done that, you’re going to need to make a lot of bets to earn a decent return on your investment. If you’re looking to make a quick killing, parlays aren’t the way to go. However, if you have the time to set one up and are looking to make a small profit, parlays are a great option.

The Spread

A spread is where you place bets on the outcomes of sporting events, rather than the participating teams. The payout on most spreads is quite low, meaning that it’s usually available at any betting outlet. The advantage of a spread is that you can place small bets on the games without fear of losing a large amount of money. Even if you’re not a professional sports bettor, you can still use spreads to make quick and easy money. For instance, you can lay 10 points against the Colts and win $100. That’s often enough for a nice chunk of change. The disadvantage of a spread is that you need to keep track of all of the games you’ve laid down. If you want to keep track of the results of all of the games you’ve participated in, you’ll need to remember to check the scores as soon as the games finish. It’s all very time consuming. Some people argue that tracking down all of the scores after the games finish is over-complicating things. While that may be true, it’s a price you pay for using spreads.

When to Use Which Type of Bet

If you’re reading this, it’s probably safe to assume that you’re either a fan of all three baseballs, or else you’re completely unfamiliar with the concept of multiple sports. For those of you who are fans of all three, you’re going to want to utilize both types of bets. One of the best things about sports is that they allow you to follow multiple teams and multiple games at once. That means you can choose which games you want to bet on and which teams you want to back. If you find that your favorite team is not one of the four NFC West teams, for example, you might want to try backing them in the other three games to earn a little extra money. If you’re going to use one type of bet or the other, it really comes down to preference. For example, if you’ve got a particular team that you always back, you might want to lay some money on them in every game. It’s very easy to track, and if they do well, you’ve got money coming in that you didn’t have before. If they don’t do well, or if there’s a specific team you don’t want to back, you can simply switch over to the other side and back the team you prefer. It’s not a bad thing to be split-sided when it comes to sports betting. As long as you’re keeping track of your teams and games, you can’t go wrong.