Many bookmakers offer reduced juice on straight wagers, and allow bettors to import these lines into parlays as well.

However, there are situations where bettors can possibly have the upper hand.

Parlays are can be solid bets if used effectively, even though the books do have the players beat on the odds, the vast majority of the time. Taking advantage of promotions and bonuses is also hugely beneficial. Be sure to compare parlay odds from leading bookmakers, if parlays are a prominent part of your betting repertoire. In a lot of cases, odds may vary slightly from book to book, and while this difference may seem trivial, it makes an immense difference to your bottom line.įinding the best odds for parlay betting is crucial and will make a significant difference in your bankroll. If you are an avid parlay bettor, it is essential to find a book with the best parlay odds. The best way to calculate a parlay’s profitability is to compare it to the true odds, which can easily be obtained by using a parlay calculator, or doing the math yourself. Many factors come in to play when calculating parlays, including the number of teams and the juice on each bet. Parlays, in most cases, can be split between different sports, and spread out over a long period of time, provided the odds are available for wagering.įor example, parlaying a tennis wager with a baseball and football wager. This is a general rule for parlay betting, as pushing a bet in a parlay lowers the parlay odds by one game. If one our bets should push, the parlay would become a two team parlay, and if two bets push, it would become a straight wager. Though our wager is +600, we still have to pay juice on each of three bets, which accounts for the bookmaker’s commission. If we risked $100 at +600 (6 to 1), and our bet won we would win exactly $595.79, which we can round up to $596. Here is an example of a three-team NFL parlay:Īll wagers must win for the bet to be graded as a winner, and if any of the three wagers lose, the bet is a loss. The true odds represent the expected outcome if each bet in a parlay is a 50/50 proposition, and does not factor in the oddsmaker’s commission. Three-team parlays pay 6 to 1 by the betting sites and have true odds of 7 to 1. Of course, no bookmaker will offer this to players, as they need to make their commission. The standard payoff from an online bookie for a two-team parlay is 2.6 to 1. Okay, so we have explained what parlays are, let’s now figure out if they are profitable, and what kind of edge the bookmakers have on their bettors.

Parlaying bets sports