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Parlays and teasers are alternate kinds of bets that work by mixing up games and outcomes. A parlay is a single bet that requires all the events in the parlay to win for you to receive a payout, while a teaser works similarly, but is spread out over more than one game. Just like with regular bets, both of these methods have the potential to make huge profits if you’re certain enough in more than one game.
What Is A Parlay And Is It Worth The Risk?
Parlay betting is a way to combine multiple selections into one bet, offering greater odds and often greater payouts. For example, you might combine an Over 2.5 soccer bet with an Under 2.5 soccer bet.
We love betting on the Canadian Premier League, and sometimes when big teams like Forge, Pacific and Cavalry are playing opponents that are lesser in stature, we like to put together a multi- threefold wager.
What’s the rules around Parlays?
Most betting sites will have certain restrictions for placing wagers. The most common restriction is that you cannot place multiple bets on the same game, combined with other sporting events. Also, if you want to bet on connected markets, usually you cannot do so through parlays. Of course, sometimes it is difficult to know what each betting site has in store for its users, but as a general rule of thumb, it is best to avoid multiple bets on the same game or connected markets via parlay options.
- 100% up to $100
- 5.0
How Much Money Can I Win With A Parlay?
Parlays, despite their intimidating appearance on sports betting sheets, are actually quite simple. Each individual selection that is added to a parlay wager is multiplied and then gives a total odds for the parlay bet at the end. Increasing your knowledge of various sporting events and teams can help you to find valuable lines that will result in a higher payout without having to combine additional events into your parlay wager.
Teasers are a type of parlay involving different bets on the spread or the total. Players can adjust the spreads in their favor for smaller potential winnings. It is not uncommon to find sportsbooks that allow "teasing" the spread of an event in one direction or the other – however, typically teaser parlays are spread bets that have been adjusted in favor of the player.
Are Parlays worth the unpredictability and risk?
Parlay bets usually have the most monetary value. Creating an effective parlay oftentimes pays off in a big way, but players risk blowing their bankroll if they are not smart about their betting. Generally, parlay bets should make up less of your total bankroll than any other type of bet. When it comes to placing parlays, the expected value (EV) is rarely positive for bettors; however, that does not mean parlays cannot be an effective gambling strategy for some.
How to Win in this game we call Parlays
There are four key rules to generating successful parlays. First, research the teams and games being played. Second, calculate the odds of each individual game. Third, monitor the lines to ensure that they stay within a manageable range. And fourth, consider your line value when creating tickets for parlays.
More betting post
We have more information on sports betting strategies and guides that can help you with your bets.
- Sports Betting Guide: Deposit and Withdraw in Canada
- How to Avoid Identity Theft When Betting Online? – Gambling Guide
- What Is a Prop (Proposal) Bet?
- How to bet without losing? Sports Betting Bankroll Management Tips
