Betting on sports has been around for as long as sports themselves. People have always liked to place wagers on the outcome of sporting events. A betting parley is a sports betting event where the participants use different strategies to score the best possible outcome. There are four different types of bets that can be made at a parley – straight up, each way, both goals and goals scored.
Straight Up Betting
With a straight up bet, you are simply wagering on the outcome of the game. If you bet on New York City Football Club to beat the Columbus Crew, you are simply wagering that NYCFC will win the game. Similarly, if you bet on the Kansas City Chiefs to beat the Dallas Cowboys, you are wagering that the Chiefs will win the game. These are the simplest and the most common type of bets made at a sports betting parley. Straight up betting is easy to understand and has straightforward odds, enabling anyone to place a bet on a sporting event.
Each Way Betting
An each way bet is different from a straight up bet in that it allows you to choose which team you think will win the game. If you bet on NYFC to beat the Crew, you are effectively choosing to bet that Columbus will win. If you think that Kansas City will win, then you would place an each way bet on the game. This is also referred to as a guesser’s wager because you are essentially making a wager that the selections of the participant will be close to what the final result of the game will be. The two teams will each put up 10 points and the winner will be the side that accumulates the most points at the end of the game. Points will be awarded based on the following criteria – (1) most goals (2) fewest goals (3) first team to score (4) best shooting percentage (5) fewest fouls (6) first to receive a yellow card
Double Or Nothing Betting
A double or nothing bet is the type of bet where you only win or lose the whole thing. If you bet that Dallas will win the game, you are essentially risking $100 that the Cowboys will either win or lose the game. If they win, you will win $100. If they lose, you lose $100. This type of bet is popular among serious gamblers because it is a way to potentially hit a grand slam homerun. There is also a variant of the double or nothing bet called a quinella, which is a cross between a double and a nothing bet. For instance, if you bet $100 on the Cowboys, you could also bet $100 on the New York Giants to lose the game. In that case, you would win $100 if the Cowboys lost and you would lose $100 if the Giants won. A quinella is a type of double or nothing bet where there are two teams involved and each player risks $50 on the outcome of the game. The advantage of a quinella is that it is much easier to place a hedge on than a double or nothing bet since you only have to be concerned with one team. In case you are interested in placing a quinella on soccer’s biggest stage, the 2018 FIFA World Cup in Russia, you can do so via bet365.
Goals Scored Betting
Goals scored betting involves betting on the total number of goals that will be scored by the two teams in the matchup. So if you think that Columbus will win the game and they score only one goal, then you would place a goal scored bet on that result. Conversely, if you think that Dallas will win and they score several goals, then you would put a goal scored bet on that result. These types of bets are also referred to as over/under bets because they involve guessing how many goals the two teams will score in the match.
There will be four groups of four teams competing at the 2021 Parley, with the winners of each group progressing to the finals. It is important to keep in mind that the teams will play a full 40 minute game to determine the winners, so you will want to make sure that you have everything prepared beforehand including the food and refreshments for your guests. If you are looking to host a more intimate gathering at home, then consider hosting the final four teams at your place. You could then invite the teams to join you for the trophy ceremony and have a smaller crowd at your door.