College Basketball 1st Half Correlated Parlay. Look for large spread to small total ratios. Example: 25% correlation means 15 point spread to 60 point total (15/60 = 0.25). Bet 2 first half parlays: 1) Favorite and Over, 2) Underdog and Under. These are rare occurrences. Many sportsbooks prohibit correlated parlay betting. Parlay Bet History. Dec 20, 2020 Definition of Parlay Card Betting Choose 3-12 spreads, totals or player propositions from a preselected list. Football and basketball parlay cards are most common. ½ point parlay cards exclusively feature ½ point spreads and totals. No ties are possible.

A parlay bet is a common way for sports bettors to increase their odds and payoffs. Instead of making multiple, single bets, a parlay bet combines 2 or more bets into one bet. Each bet within the parlay must win in order for the parlay to win. If any bet within the parlay loses, the bet loses. The more teams put into a parlay bet, the higher the odds.

Parlay bets should be used by one type of bettor, casual bettors doing it for occasional fun. Serious and professional sports bettors should only place parlay bets on very limited occasions, if ever. Since it only takes one loss within a parlay to lose the entire bet, the risk is very high. On a 6 team parlay, you could go 5-1 and lose your entire bet. Had these been straight bets, you’d be a happy camper.

Recommended Sportsbook for Parlay Bets:

Higher than normal parlay payout odds

Parlay Betting Odds

Two types of parlay bets can be made – those that use a point spread, and those that use a money line. Point spread parlay bets have somewhat standard odds, being very close at most sportsbooks. While there can be some slight variation from one sportsbook to another, in order to be competitive they’re generally pretty similar.

Typical Point Spread Parlay Betting Odds

• 2 Teams: 2.6:1
• 3 Teams: 6:1
• 4 Teams: 10:1
• 5 Teams: 20:1
• 6 Teams: 40:1
• 7 Teams: 80:1
• 8 Teams: 100:1
• 9 Teams: 150:1
• 10 Teams: 300:1
• 11 Teams: 450:1
• 12 Teams: 600:1
• 13 Teams: 750:1
• 14 Teams: 900:1
• 15 Teams: 1500:1

Money Line Parlay Betting Odds

Odds for parlay bets when using a money line are relative to the odds of each pick within the parlay. If you’ve chosen a number of underdogs, your odds will go up. If you’ve chosen big favorites, the odds will be lower. Money line parlays are great for an annual trip to Vegas where the idea is to go big or go home. However, for people who take their sports betting seriously, they’re too high risk to be a reasonable betting strategy.

Benefits of Parlay Betting

Half Point Pub

Parlay bets allow sports bettors to make small bets with the possibility of large wins. They also allow bettors who have a limited bankroll to bet on multiple games, instead of waiting for games to end and time to collect their winnings. If multiple games are going on at the same time and you don’t have enough money to make straight bets on each game, a parlay bet is a way to get action on each game.

To put a parlay win into perspective, lets use a 5 game parlay as an example. If you made 5 straight bets for $22 each ($110 total wagered) and won all of them, you would win $20 per game for a $100 total profit. However that same $110 wagered on a successful 5 team parlay would pay $2200. But wait, before you go place your bet, keep reading.

Negatives of Parlay Betting

The major problem with parlay betting is that they don’t offer true odds. For example, the true odds of hitting an 8 team parlay is 255:1, while the payoff is only 100:1. This is a big disadvantage to the bettor. Similar to Roulette, when you split your chips across 2 numbers, you get slightly worse odds. When you split them across four numbers, the odds get worse again. The same can be said for parlay bets in sports betting.

Think of it this way. If you want to bet $100 on each of 5 games, but can’t afford to risk the full $500, you probably shouldn’t be betting at all. If you can afford the full $500, you will get a better payout with less risk of losing all your money by making straight bets.

Parlay Betting Tips

There are all sorts of little tips for improving your ROI on parlay bets, but there are a couple of tips that everyone needs to know. Netent ozzy osbourne. To improve your chances and win more on your parlay bets, follow these tips.

Bet on Fewer Teams, Raise Your Bets

Parlays are often used the wrong way. Instead of placing a $20, 5 team parlay, it’s better to make a 3 team parlay for more money. While the odds are lower, the win-rate is much higher, relying on only 3 wins instead of 5. By increasing the bet size, you can make up for the lower odds. This gives you a better chance at a win and a nice payday.

If you have more teams you want to bet on, split your parlays into multiple, smaller parlay bets.

Protect Your Bets

If you have a 5 team parlay that is 4-0 going into the fifth game, you stand to win $1000 on a $50 wager. A loss in the fifth game pays you nothing. To guarantee a win, place a straight bet for $525 on the team opposing your parlay pick. This will guarantee you a minimum win of $425 no matter what the result of the fifth game is. While expert bettors don’t bet a lot of parlays, when they do, this is a strategy they often employ.

If your parlay wins, you collect $1000. This is a $950 profit from your $50 bet, minus the $525 side bet, for a guaranteed win of $425.

If your parlay loses, you lose $50 there but make $477 profit (11/10 odds) on the $525 side bet, for $427 guaranteed profit.

Either way, you can grab a beer and enjoy that last game, knowing you’re a winner no matter what.

Parlay Betting Rules in Event of a Tie

Before placing a parlay bet at a live or online sportsbook, find out the rules in the event of a tie. At some sportsbooks a tie will remove one team from the parlay, moving it down one level. For example, if you have a 5 team parlay with one tie, the parlay will automatically become a 4 team parlay, essentially removing one team from the bet.

At other sportsbooks, a tie results in a loss. This is bad for the bettor, so make sure you know the rules before placing your bet. This is especially important for betting on soccer or hockey where ties are common. Expert sports bettors never place a parlay bet without knowing these rules.

NFL & NCAA Football Parlay Betting

Parlay bets are extremely popular with NFL and NCAA football bettors. Parlay bets for football combine multiple straight bets, meaning the point spread is used. A bettors job is to pick teams that will cover the spread. If any team within the parlay does not cover the spread, the entire parlay bet loses.

While we don’t like parlay bets for serious bettors, they’re a great way to add tons of excitement to a weekend of football. Just remember how hard it is to go 3 for 3 in your fantasy league before you place a 10 team parlay.

Generally speaking, what is your source or facts which support that claim? I keep reading about million dollar wagers by Floyd Mayweather and Phil Nicholson(the left handed golfer).

Me, Myself and I that's all I need. Also there is this http://www.reviewjournal.com/sports/after-20-years-book-director-retiring-walker-learned-say-no
I know how much I was able to get down on parlays from years past and how much I can get away with now.
I think the wizard said he had a hard time getting in some bets as well. But you already know this.
I assure you the sports books are tightening up on the sharp bettors and taking less money from them. If you want to include FM and PN as a part of the total being bet, I don't know if that would be a fair gauge. That's now how the average sharp is treated

Delaware Lottery Half Point Parlay Card

If you reread the thread, there is a good chance that will answer some of your questions.
Mostly I'm talking about the parlays. They back you off, if you have to many key games on multiple cards. This is not a guess, this is a fact. You used to be able to get off thousands per venue, now you lucky to get off hundreds.

How have you been doing this season so far Wizard? I see you have hit quite a few tough breaks but did have one nice week. Did that make up for the near misses?

I've done quite well. Week 12 I hit gold, and that has paid for every other losing week. It also happened three times that I was down to one leg on lots of cards, so hedged, and all three times the hedges won.

Okay, I'll bite. Where(link) or what was the system(link or post here)? I had always thought of a parlay card wager as being on its own, not dependent on another parlay or the so called 'round robin' aspect. Same as any wager which has a house advantage/edge(with the assumption the lines are correct).Thanks in advance.

The Wizard's report on half-point parlay cards is here.
Basically if you have skill as a handicapper, you don't really need this, as you can find the soft lines off the board and beat them with flat bets.
But if you don't fancy yourself a skillful handicapper (IMO pretty much everyone), then the half-point cards are a pure math play based on the lines moving throughout the weekend, and the fact that some of the lines on the half-point cards have to be soft right from the get-go, if the board number is an integer.
It's a high-variance, all-or-nothing play. As per the Wizard's post just above me, one winning week can pay off the rest of the season. It's totally plausible you could go 17 weeks in the NFL and not win a single card, even playing the correct strategy, Hence, you need to have a big roll to endure not just week-to-week variance, but year-to-year variance. Given the difficult in getting down with these cards, most wise guys with a decent roll are probably under-betting even with the huge variance.

But if you don't fancy yourself a skillful handicapper (IMO pretty much everyone)

+1
Sorry to quote a tiny section of a great post, but I wanted to highlight what you said. I agree 100%.
Many people think they are skillful handicappers, but hardly any of them are. Sports bettors think they are brilliant when they win a game, and unlucky when they lose a game. There are so many random, unpredictable events during the course of a sporting event, I question whether handicapping an outcome is possible on a consistent basis.

Half Point Parlay Card Delaware

11/10 is a freaking beast!

I question whether handicapping an outcome is possible on a consistent basis.

Seriously? How many years dose someone have to win betting sports to convince you?

The Wizard's report on half-point parlay cards is here.
Basically if you have skill as a handicapper, you don't really need this, as you can find the soft lines off the board and beat them with flat bets.
But if you don't fancy yourself a skillful handicapper (IMO pretty much everyone), then the half-point cards are a pure math play based on the lines moving throughout the weekend, and the fact that some of the lines on the half-point cards have to be soft right from the get-go, if the board number is an integer. .

ok..thats a fair explanation. Although to be fair..on that season saving week..I dont think one game involved the point differential.and therefore would have paid more off the board.
I still think the advice to never bet parlays off the board is a little over the top. Especially if I have 2 teams that I feel confident betting, I would have to forego betting a 2 teamer, and instead find a 3rd team on a parlay card to follow that rule.

Delaware Park Half Point Parlay

I will just agree to dissagree.

Seriously? How many years dose someone have to win betting sports to convince you?

The guys (very few) that consistently win money betting sports are not winning due to handicapping, for the most part.

I still think the advice to never bet parlays off the board is a little over the top. Especially if I have 2 teams that I feel confident betting, I would have to forego betting a 2 teamer, and instead find a 3rd team on a parlay card to follow that rule.

Skip the 'off the board' 2 team parlay, and flat bet both games. Lower house edge.
Other than taking advantage of a correlated parlay, I can't think of any reason to bet an 'off the board' parlay.
If you were a bookie, you would love your parlay bettors more than the guys that flat bet only.

It also happened three times that I was down to one leg on lots of cards, so hedged, and all three times the hedges won.

Doesn't that break some commandment or something? :)
I'm just kidding with you, of course. It can definitely be correct to take a -EV bet to hedge, sometimes, due to variance considerations.

The guys (very few) that consistently win money betting sports are not winning due to handicapping, for the most part.

For the most part your absolutely right. There are people who have documented picks over years and years and have a winning record. Now with the internet and everyone having easy access to all the same information, I guess we will have to see if in 10 more years, guys are still making money.