Football Parlay Tips. Whether you include parlays in your football betting or not is, of course, entirely your choice. If you do decide to use them, please try to always bear the following advice in mind. Avoid Fixed Odds Parlays. Earlier we explained the differences between fixed odds parlays and true odds parlays. Our helpful “How to read Sports Betting Odds” image explains each number’s meaning and purpose. A detailed explanation follows the image. Share this infographic. It makes American betting odds easy to understand. Full article text is below graphic Betting Odds Numbers Meaning Let’s explain each number’s meaning.

1. How To Read A Football Parlay Card Template
2. Parlay Cards Online
3. Nfl Football Parlay Card Picks
4. How To Fill Out A Football Parlay Card

Since the whole reason we are here is to explain betting odds, we need to teach people how parlay betting works and help them understand things like payouts, rules, and other things that come up when placing a parlay bet. This is one of the things we talk about first because it is such a popular way to bet on a variety of games, but many people waste their bankroll on them. For just a few dollars, someone could conceivably win as much as a million dollars or more, but that thrill is why most people lose their money when betting on parlays. Of course, this is an extremely rare situation but using a parlay to build the payouts on several bets you're feeling good about is a common + profitable practice if you are on a hot streak.

I think of parlays this way. If you are confident enough in so many bets that you feel like you need to put them in a parlay, then you should bet them all straight as well. That way if you win 3 out of 5 for example, you will still win money or break even. As to where if you just bet one parlay then you will walk away with nothing more times than not. So, if you have $25 to bet a 4-team parlay, bet $5 on each team individually and then bet them all in a $5 parlay. You will be a much more profitable sports bettor if you stick to this philosophy.

Below is our complete rundown of what a parlay bet is in a way that you should be able to understand it. We try and break down all the different aspects of it, but please know that some sportsbooks have different rules and you may be able to do things on some sites but not others. Enjoy the page and we hope that we help you become better at sports betting by reading this page.

What Is A Parlay Wager?

A parlay is a single bet that is placed down that includes more than one pick to win a game or cover the spread, usually between 2-10 teams. You will win your parlay bet if all of your bets are won that you included on the betting slip. But if you have even a single loss, then the parlay is lost and so is your money. And it does not matter how many of the games you won on the betting slip because ALL of them must win.

What Happens If There Is A Push Or A Tie In A Parlay?

If any of your picks in the parlay turn out to be a push, then that bet basically acts as a tie and the payout of your payout will be reduced if you won your other bets. In other words, if you have an 8-team parlay and one of those picks is a push or tie, then you essentially are left with a 7-team parlay. The push doesn’t signify that your parlay will be graded as a loss; however, your total winnings will be reduced as the sportsbook removes that “leg” from your parlay.

Why Do People Bet On Parlays

A parlay is enticing to bettors because of the high return on investment should the bet be won. The payouts for a parlay can be very high, and thus very rewarding. The more teams you take in a parlay, the greater the return and it is completely possible to win thousands of dollars with a $1 parlay if all your picks are correct.

Example Of How A Parlay Bet Works

Let's say that you placed a three-team parlay on the Falcons, Cowboys, and Packers covering their respective point spreads in their match ups. Typically, a three team parlay will pay out at 6/1. If all three of these teams cover the point spread, then the bet would be won. For every $100 wagered on this parlay, a $600 profit is made. If one of the bets was to push though for example, you would be paid as if you made a 2 team parlay bet, which would be 3 to 1, or $300. If any of the three teams loses then so do you.

How Do You Calculate A Parlay?

The easiest way to calculate is to simply go to an online sportsbook and start putting your bets in. You will be able to see the payouts for the parlay before you confirm the bet. If you look at the table below then you can see the payouts if you were to bet a parlay using regular betting lines that are set at -110. Any time one of your bets is different then -110 then the payouts of your parlay will be different depending on which way you are betting. If you are betting an underdog that was +200 for instance, then your payouts for the parlay will be much higher. And if one of them was a favorite at -200 then your payout will be lower.

We're sure you're ready to learn more about the parlay wager and the best online sportsbooks that allow users to make wagers using the parlay. Here's a tip: stick to the sports betting sites that have friendly parlay rules which allow you to jump across different sports + parlay wagers within the same game! Now, let's get on with the show...

Bovada Sportsbook - Best Sports Betting Site For Betting Parlays

When it comes to betting games, sometimes players only pick one game to place a wager on, and sometimes a lot of money can be one quickly. The reason that Bovada is so popular is that most players know that there are all the games that they can pick from and make money on. This opens eyes but another thing that sticks out on Bovada is the parlay bets that can be made on all of the games here on Bovada.

Parlay bets here have all the making of big cashouts! With parlay bets, there are games that you can pick that you know that are for sure wins and take a few upsets and that’s where the money that players can be will increase. Bovada odds set on all the bets offered are set up for players to cash out huge and all it takes is a player to take the chance on more than one game or one more than one prop bet.

SportsBetting Sportsbook - Tons Of Parlay Bet For All Sports

The reason that many players love to place bets on SportsBetting is because the odds are set up perfect players to win big. There are always great games going on no matter the sport so that means that there are plenty of bets that will show up and many of the time players will decide which prop bets are best for them. Most of the time players will see more than one bet that they really like and this is where parlay bets will come.

The thing is SportsBetting already has all the great bets so now when you put all these prop bets in the basket and make it one big bet, this is where cash will flow! SportsBetting is known for great prop bets so when you can tie them all together, this only means more players will come in and place parlay bets and win huge!

BetOnline Sportsbook - Best Sportsbook With Parlay Bets

Knowing that all the bets you are at the tip of your fingers are what Betonline gives to all their account holders. These bets are always exciting and the odds are set up for players win big. With the games are always going on, bets are always popping and that also more the features are filled with a lot of different bets.

Prop bets are everywhere on BetOnline and that means that parlay bets will be the best way for players with accounts. The reason for this is because when it comes to betting, the main goal is to win as much money as you can. BetOnline has great odds for every bet in different games so tagging different bets in one parlay only increase the winning. Picking 12 bets with a few underdog pick only scream a lot of winnings when a player hits on BetOnline.

MyBookie Sportsbook - Parlay Bets Profit Top Of Line On MyBookie

The bets that are set on MyBookie has always been very favored for players to win money on. The ultimate way to win is to take advantage of the bets that are here and set no matter the games or the sport. This is why most players come back to MyBookie and bring back other players as well. Sometimes picking the underdog to win only shows that it will be more money to be made. The thing that comes with betting the underdog is there is also a chance you can pick the underdog and place a bet on your favorite at the same time. This is called parlay bets.

These parlay bets can be placed and when you do that this only means more money can be won because of the multiple games that place are betting on. Even in the live betting feature, players could also place parlay bets as well. At the end of the day, betting is about profiting big, and here on MyBookie, parlay bets are one of the most profitable ways to win money. Adding all of the best you have on to one ticket and place big money on MyBookie will prove to profitable because of the odds set on MyBookie!

More About How Parlays Work In Sports Betting

As the parlays increase, so too does the margin of profit and payouts. But the more games linked together on the parlay, the more difficult the bet becomes to win. Parlays usually can go up to as many as 15 games. It's also important to know that parlays are not made for you as a bettor on the sportsbook. You have the power to fill out your own parlay slip for the games that you want to place a wager on.

Betting a parlay does not have to be on the point spread either. When placing a parlay bet, then you can bet on either the spread, the money line, or a combination of the two. But on the money line, which is a wager on a game without a point spread, the payouts can be a lot different. If a bettor takes the favorite on the money line for every parlay, the payout won't be the near the amount than if one or more underdogs had been selected.

Is Betting A Parlay Worth It?

While the major payouts and hopes of a changed lifestyle for only risking a few dollars may seem too good to be true, oftentimes it is. Still, you will hear stories about bettors who won a crazy 8-leg parlay where they turned $100 into a few hundred thousand. More often than not though, parlays are what give sportsbooks easy money. Sports betting can be difficult and if you are required to get every wager you make correct in order to win, you will find yourself running out of money much quicker in most scenarios.

There are several different types of football wager you can place,
and two of them are significantly more popular than the others.
The most popular of all is the point spread wager, followed by
the totals wager. In this article, we’re focusing on the point
spread.

If you have any interest at all in betting on football, then you
really should know how to bet the point spread effectively. It’s not
necessarily the “best” type of wager in terms of the potential for
winning money, but it’s relatively simple and does present some
profitable opportunities if you know what you’re doing.

On this page we teach you the basics of betting football point spreads. We explain how they work, and why
they’re so popular. We also explain the challenges involved in making money from them. Finally, we offer
some tips and strategy advice for placing wagers of this type.

What Are Football Parlays

The theory with point spreads is that a wager on either team to win a football game is as close to a 50/50
shot as possible. You’re not actually betting on which team will win the game, you’re betting on which team
will “cover the spread”. The favorite has to win by at least a certain number of points for a wager on them to
be successful, and the underdog has to lose by less than the same number of points for a wager on them to
be successful.

How To Read A Football Parlay Card Template

Another way to view it is that, for the purposes of the betting, the favorite has points deducted from their
score and the underdog has points added to their final score. The number of points varies, depending on the
gap in quality between two teams. If one team is much stronger than the other, the number of points can be
quite high (a big spread). If the two teams are more evenly matched, the number of points is low (a small
spread).

As you can see, the payouts get higher as more selections are included. A lot of bettors include a lot of selections in their football parlays for this very reason. The problem with this approach is that they get exponentially harder to win with more selections. And even parlays with just two or three selections are not exactly easy to win.

This is the major drawback of parlays. The high payouts can seem very tempting, but there’s a big question as to whether they are sensible wagers to place. It’s common for at least one game to not play out as expected each weekend, and just one wrong selection means no payout at all. This can be pretty frustrating if, for example, you’ve picked five selections and the other four are right.

That’s the risk you take with parlays though, and it’s precisely why the payouts are so high.

Please note that the payouts for parlays are not always calculated using fixed odds, although that’s usually the case when the selections are all points spreads and/or totals. Some sites use true odds though. This doesn’t mean that the odds accurately reflect the chances of a wager winning, but rather that they are calculated by multiplying together the odds for all selections. For example, the odds for a parlay including three moneyline selections could look something like this.

• Selection 1: -250
• Selection 2: -250
• Selection 3: -300
• Payout Odds: +161

The payout odds here mean that, if all three selections were correct, you’d win the same amount as if you bet on each game individually and then rolled your stake and winnings onto the next selection each time. This method usually represents better value than the fixed odds method.

Progressive Parlays

We previously referred to the fact that parlays can be quite frustrating if just one selection lets you down. You might like to know that there is an alternative to standard parlays that reduces the likelihood of experiencing such frustration – progressive parlays. These allow a little room for error. In exchange for taking lower odds if you get all your selections correct, you still receive a payout if just one of your selections is wrong. You have to include at least four selections though. If you include seven or more, you’ll even receive a payout if TWO selections let you down

Here’s an example of the kind of payout odds you might see for progressive parlays.

Progressive parlays are basically a slightly safer option than standard parlays. The potential payouts are quite a bit lower though, so they’re not necessarily a better option. It ultimately depends on your attitude to risk versus reward.

Should You Bet Football Parlays?

A lot of so-called betting experts believe that parlays should be avoided at all costs, and there is some logic to their views, but they are still a very popular type of wager. Are they a wager you should consider yourself though? Well, there isn’t really a correct answer to this question. We’re not here to tell you exactly how you should or shouldn’t bet, but rather to give you information and advice that will help you to make your own mind up.

Parlays can be a lot of fun, and the chance of a really big win is always tempting. So there are definitely some arguments for using them on occasion. It’s important to remember a point we made earlier though.

Bookmakers generally make a good profit margin on parlays. They have to make big payouts sometimes, but those are more than covered than by all the stakes they take on losing parlays. And most parlays do lose. The simple fact is that it’s enough of a challenge to get a single selection correct. Having to get multiple selections correct in order to win a wager is beyond challenging.

Our view is therefore that parlays are not wagers that you should be placing with any regularity. We’re not telling you to ignore them completely, but we do advise that you use them sparingly. With that being said, there are some circumstances in which a parlay may well be the optimal wager to place.

1. When a correlated parlay is available
2. When using free play credits

Correlated Parlays

The term correlated parlay refers to a wager where you combine two or more selections that are directly related, and if one of them happens then the others are likely to happen too. For example, you might combine a bet on a team to win the first half of a game with one on them to also win the second half of a game, and another one on them to win the game overall. Obviously if the first two happen then so would the third one. So by combining all three into a parlay you’d effectively be getting better odds than you should on an outcome.

It’s rare that you’ll find true correlated parlays available at betting sites these days, although they do exist occasionally. If you tried to place a parlay such as the one we’ve referred to above though, it would almost certainly not be accepted. It’s just too obviously an attempt to manipulate the odds.

Semi-correlated parlays are often allowed though. The best example of these is combining a points spread bet selection with a totals selection on the same game. There are a few different spots where this might be advantageous. We’ll demonstrate one of these, based on the following two markets for a football game.

With a spread of -5, the Patriots are clearly the stronger team here. But let’s say that you’ve taken a view on the game that the Chiefs stand a good chance of covering the spread if they can deal with the Patriots’ offense well enough. This would be a good spot to parlay a bet on the Chiefs at +5 with a bet on the under. If the Chiefs are going to win, it will be in a low scoring game. So it makes sense to combine the two bets and get better odds. Your chances of winning the parlay are less than winning a single point spread bet, but the overall value is better due to the increased odds. You’ll lose more often in the long run, but the payouts will be better when you do win.

Another good time to place a parlay would be when there’s a big spread but a comparatively low line set for the total. If you feel that the favorite is likely to cover, there’s a good chance that the total will also go over. So you’d place a parlay combining the favorite on the spread and the over.

Using Free Play Credits

A lot of football betting sites offer bonuses in the form of “free play credits”. With these, you don’t actually get extra funds added into your account. Instead, you’re awarded credits that can be used instead of staking your own money to place wagers. You still get the appropriate payout if the relevant wagers win, but you don’t get the stake money back.

For example, let’s say you had $100 worth of free play credits and you decided to put them on all a wager at odds of +150. If the wager lost, you’ve only lost your free play credits. If the wager won, the free play credits would be spent but you’d get the $150 payout.

Because the free play credits are basically for one time use only, you want to get maximum value from them. By betting a two team parlay, for example, you’re effectively betting the same free play credits on two separate wagers. This could be perceived as offering twice the value. That’s not to say a parlay itself represents better value than a single wager, but as free play credits are essentially “risk free”, using them on parlays does make a lot of sense. Although there’s less chance of a payout, the potential payout is higher.

In addition to the above two uses of parlays, you should also consider using teasers. These are a type of parlay, where the point spread or totals is adjusted in your favor in exchange for lower odds. Teasers are therefore significantly easier to get right, and there are some good strategies for using them when betting on football. Please see the following two pages for more information.

Football Parlay Tips

Whether you include parlays in your football betting or not is, of course, entirely your choice. If you do decide to use them, please try to always bear the following advice in mind.

Avoid Fixed Odds Parlays

Earlier we explained the differences between fixed odds parlays and true odds parlays. You should really avoid fixed odds parlays as a general rule, because the payouts are effectively lower than they technically should be. It’s hard enough to make a profit from these wagers in the long run without the odds being shaved.

Most betting sites will automatically calculate the payout for parlay using true odds rather than fixed odds if any of the selections are at odds other than -110. So a good trick here is to always try to include such a selection. Doing basically forces a betting site into paying out at the better odds.

Keep your stakes small

You should never risk too big a percentage of your bankroll on any wager, and this rule is especially applicable to parlays. You could easily place dozens upon dozens of parlays without winning one, so they’re a surefire way to go broke if betting them with big stakes.

There’s no “correct” for how much to stake on parlays, but we’d recommend staking less than you usually do on other wagers. If you typically stake $50 on a point spread wager, for example, then somewhere between $10 and $20 is about right for a parlay.

Keep the number of selections down

This a pretty simple tip, and perhaps a fairly obvious one. It’s worth mentioning nonetheless. The more selections you include in a parlay, the harder it is to get right. The payouts go up of course, but you’re far more likely to turn a profit on parlays in the long run by trying to win a few smaller ones than you are by chasing that one big payout.

Check the maximum payout

Parlay Cards Online

Bookmakers and betting sites almost always a maximum payout. This means that the amount you can win on any one wager is limited. This is unlikely to be much of an issue for you unless you’re a serious high roller, but it can potentially come into play with parlays. Let’s say, for example, that you place a $50 15 team parlay. The correct payout for this wager if it won would be $75,000 (based on odds of +150000), but a betting site might have a maximum payout for a single wager of $50,000.

If this was the case, $50,000 is “all” you would get. So there was no point in risking as much as $50. This is something to bear in mind if you bet parlays at fairly high stakes and/or include a lot of selections.

Summary

Nfl Football Parlay Card Picks

For the serious bettor who has aspirations of making serious profits, football parlays are best avoided for the most part. They are worth considering when using free play credits, or when it’s possible to place a correlated parlay, but that’s about it. Parlays are simply too hard to get right, and are more likely to drain a bankroll than boost one. There need to be fairly exceptional circumstances, outside of those mentioned, for a parlay to represent genuinely good value.

How To Fill Out A Football Parlay Card

There’s no real harm in recreational bettors placing parlays for a bit of fun, and to try to get a big score, but they should still proceed with caution. Only a small percentage of their bankroll should be allocated to wagers of this type.