A round robin would break those four teams into betting combinations by twos and threes. Let’s say you are interested in betting on four teams. By structuring your parlays in a round robin format, the bettor can lose one (or more) leg and still be profitable depending on the ticket. What is a Round Robin Parlay?Ī round robin is a series of concurrent parlays on the same ticket. Are there playoff implications on the line? Draft positions? You can parlay the results of those games if you think the outcomes are potentially tied together. If Team A plays at 1pm ET and Team B plays at 4pm ET, the results of that first game may affect how that second game gets played. The second type of correlated parlay occurs when there are stakes on the line across multiple games that are tied together.

If you feel that Team A can only cover the spread if it’s a low-scoring game, then you would bet on Team A parlayed with the under in that contest. The first one occurs within the same game. There are two types of correlated parlays. If you determine that the true odds of your games winning are 10-to-1 and your parlay is only paying 8-to-1, you’re making a bad wager. Also, it’s important to determine what the true odds of your parlay are. A 5-1, 6-1 or 7-1 night sounds pretty good, right?! Bettors dream of those kind of days, but if those games were placed together in a parlay, then that bettor is walking away empty handed. Well, imagine if they would have played all of those games as individual straight bets. Why Shouldn’t I Bet Parlays?Įvery parlay bettor has that “missed it by one” story where they only lost one game on their ticket. if Team A wins, the game is also likely to stay under the total)? Try them together in a parlay. Is there a correlation between events (i.e. Interested in betting on two strong MLB favorites, but don’t want to lay -250 juice on each? A two-team parlay becomes more affordable. However, there are opportunities where small (keyword: small) parlays can present value to a seasoned bettor. Why do we buy lottery tickets? Or play slot machines? They can be fun! Parlay bets can provide some fun longshot entertainment, but serious bettors should not rely on parlays for long-term success. Each oddsmaker has their own individual rules for what events can and cannot be parlayed together, so make sure that you are familiar with your book’s house rules. But if any of your selections fail to win or cover the point spread, your ticket is toast. The more teams you include, the more money you can potentially win. A parlay is a multi-wager bet that requires all of the legs to win in order for you to cash your ticket.

Online parlay cards