Sep 29, 2020 A parlay is a single sports bet involving at least two teams winning. The allure of these bets has always been a larger payout than choosing a single team to win. Essentially, football parlays are wagers that combine multiple sections of a football game into a single bet. This is also where knowing how to read odds comes in handy. A parlay only wins if none of the sides, totals or moneylines selected is a loser. The parlay can still be a winner if a game is canceled or ends in a tie. The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. NHL Picks & Predictions. Light the lamp and increase your bankroll from the sportsbooks with Picks and Parlay’s season-long NHL predictions. Our team of writers provides the best analysis for NHL picks that take you from the start of the seasons through the Stanley Cup Finals. Betting Strategy: 5 Tips to Success Betting Parlays. By now, assuming you haven’t skipped ahead to this section, you understand what a parlay is and how to calculate the odds. You also know of the pros and cons and different types of parlays. Now you’re ready to start learning how to actually win betting parlays.
What Is A College Football Parlay
College football betting and college football parlays go hand in hand, and aside from straight wagering, college football parlay bets are the most popular type of wager placed each week.
Tips On Parlay Bets
A college football parlay is a bet where you combine multiple selections into a single wager, with all of the selections needing to cash your ticket. While the difficulty of winning a college football parlay increases with the number of selections you add, so do the odds. To calculate the odds of a parlay you multiply the odds of each selection so the more selections, the bigger the parlay odds.
Parlay Football Bets
You can combine a range of college football picks into a parlay bet, but the most commonly used markets in college football parlays are moneylines, spreads, or totals, which are also our most common College Football Picks and Predictions.
College football parlay bets are great options for bettors who prefer to wager smaller amounts on greater odds. Most spreads and totals markets will be odds of around -110 or -120, a three-team parlay on these markets typically pay around 6/1 (+600) with a four-team parlay paying around 12/1 (+1200)
College football parlays are also a popular choice amongst bettors that like to bet the favorites on the moneyline. For example, if you select three teams all at odds of -350, some bettors may not want to wager $350 to win $100 on each selection, instead, you can combine them into a three-team parlay where the odds will be +113.
Our experts will highlight the best college football picks this week to combine into a college football parlay, offering you even more variation into how you want to wager on this week’s college football action.
How To Win A College Football Parlay
College football parlay bets despite their popularity can be one of the most difficult bets to hit with increased difficulty with each selection you add to your parlay.
College Football differs from the pro ranks with its scheduling and there is far less parity throughout the regular season. With this you see crazy odds, in some cases, no moneyline offered and spreads as high as -40 or above. This presents a unique type of difficulty, particularly when adding multiple selections so here are three quick tips to better your chances of winning long-term with your college football parlays
- Keep to either a 2, 3 or 4 team parlay – Any more than this will be tough to keep profitable long term, despite the increased parlay odds.
- Shop the odds – Online sportsbooks compete to offer the best odds, and while there may only be a marginal difference on each selection, it adds up in a college football parlay., If you can wager three picks at -100 each instead of -125, your payout would be $800.00 instead of $583.20 to a $100 stake.
- Managing your bankroll – its obvious, and not unique to college football parlays, and should be considered all the time, but being disciplined with your bankroll is key long term. Not all parlays will win, that’s part of sports betting, but if you keep your stake consistent, at odds of around 6/1, you only need to win 1 in 7 parlays to break even, any better than that is profit.
How To Bet On College Football Picks And Parlays
Betting on college football picks and parlays is a quick and easy process with any online sportsbook. To create a parlay, simply add multiple selections into your bet slip and click the parlay option before placing your wager.
Due to the popularity of parlay betting, sportsbooks pay a considerable amount of attention to these markets, and in shopping around you can find great variations in the odds, lines, and often find price boosts.
Unsure where is best to place your college football parlay bets? Head over to our Online Sportsbook Reviews page where we breakdown all the information and latest Promo Codes you’ll need to know for all of the top online sportsbooks.
One of the most lucrative sports bets you can make is a parlay, but unless you employ some kind of betting strategy it can also be one of the toughest bets to actually cash-in on. In simple terms, a parlay is when you combine two or more picks into one single wager. The plus side is that the top online sportsbooks as featured on SportsBettingStats.com offer some very attractive odds for groupings of two to even 16 teams. Our favorites are Bet365 for non Americans and 5Dimes for US players. The down side is that the more teams you add to a parlay play the higher the odds are stacked against you to win.
Sometimes it can be hard to pick even a single winner so the catch to winning a parlay is that you have to win every one of your picks. The only exception is in the case of a PUSH when two teams tie with the closing point spread. In that case, you total parlay is reduced by one team.
For example, if you put together a four-team parlay at 12.28/1 betting odds and one of your plays ends as a PUSH, it would be reduced to a three-team play at 6/1 odds.
The betting odds for parlays using point spreads is fixed and based on the total number of teams you group into one bet. Betting parlays for MLB games is an attractive option since you will be working off money line odds as opposed to a point spread that is commonly used in sports such as football and basketball. When betting money lines you only have to pick the straight-up winners, but keep in mind that your payout odds will be based on the actual money line odds for each of your picks. The top online sportsbooks should have a parlay calculator on their website where you can enter the actual money line for each of your individual picks to provide a projected payout of that particular parlay if you win.
Whether you are betting money line parlays for baseball and hockey or point spread parlays for football and basketball, there are a few betting tips and strategies that you should always employ to give yourself the best chance to win. First and foremost, you need to properly handicap each game as an individual pick before grouping them together in a parlay bet.
For example, if you decide to go with a two-team NFL parlay at 13/5 odds, you should probably take the time to breakdown three or four games to come up with your top two plays. Winning parlays is all about your overall confidence level for each one of the picks you decide to group together. If you are not absolutely in love with each one of your picks individually, then do not risk your money by grouping them together in a parlay.
A second tip is to avoid the temptation of parlay picks of three or more teams. You may get excited over the 91.42/1 return you would get if you hit a seven-team parlay, but this is nothing more than lottery ticket when you start calculating your true odds of actually winning all seven games.
Finally, make sure you have some kind of set money management system in place if you are going to be betting parlays. There is a reason why sportsbooks are willing to give you such a generous return on multiple team parlays. The odds are already stacked in their favor that you are going to lose one of your picks even in a two-team wager. Parlays should always be reasonable unit plays that will not break the bank if you lose.