Parlay betting in football is a type of bet where you combine two or more games on the same ticket. If all the games you pick win, you get a bigger payout than if you had bet on them separately. However, if even one game loses, you lose the entire bet.
How Does Parlay Betting Work?
First, choose the football games you want to bet on. Since parlay bets are risky, it is important to make smart choices when picking teams.
Next, log in to your sportsbook account and go to the football betting section. Select the first game you want to bet on, then pick a second game. You can add more games if you want to make a bigger parlay bet, especially when using a reliable Agen bola for placing your wagers.
Once you have selected your games, look for the option to combine them into a parlay bet. Most sportsbooks will have a button or link to do this easily.
After clicking the parlay option, enter the amount of money you want to bet and confirm your wager. The sportsbook will show you the possible payout if all your picks win.
How Much Can You Win on a Parlay Bet?
Parlay payouts depend on how many games you include and the odds set by the sportsbook. Here is an example of typical payouts for standard bets:
2 games – 13/5 odds
3 games – 6/1 odds
4 games – 10/1 odds
5 games – 20/1 odds
6 games – 40/1 odds
7 games – 75/1 odds
8 games – 150/1 odds
If one of the games in your parlay ends in a tie (also called a push), that game is removed from your bet, and the payout is adjusted.
Is Parlay Betting a Bad Idea?
Some people think parlay bets are a bad choice because they are harder to win. In the past, some betting organizations offered unfair payouts, making parlay bets a bad deal for players.
Other times, casual bettors would place very large parlay bets with many games, hoping to win big. The odds of winning these large bets are extremely low, making them similar to playing the lottery.
When Is Parlay Betting a Good Option?
There are two main strategies for parlay betting:
For Fun: Some people treat parlays as small, fun bets. They pick multiple games, bet a small amount, and hope for a big payout. While these bets rarely win, they can be exciting.
Betting on Favorites: Another strategy is to pick two or three strong teams and bet on them using the moneyline. This can increase your potential winnings while still keeping the risk lower than betting on many games at once.
How to Keep a Parlay Bet at a Sportsbook?
Most sportsbooks and betting apps make it easy to place a parlay bet. Simply select the games you want to bet on, then look for the option to combine them into a parlay. Once you confirm your bet, the sportsbook will calculate your potential payout based on the number of games and the odds.
Parlay betting is an exciting way to bet on football, but it comes with risks. Make sure to bet wisely and only wager what you can afford to lose.
