Lowering the risk leads to a lower payout, but a higher probability of being graded as a winning wager. Parlaying moneylines can be a successful strategy when customers believe in the outcome of a game but want less of a risk factor. Parlay Betting Strategy: Moneyline Parlays Important to know when you consider your parlay betting strategy. Three single $100 spread bets at -110 odds would win $91 each in comparison to the three-team NFL spread parlay with +600 odds. A three-team NFL parlay wager has odds of +600 (Risk $100 to win $600) with a probability of 14.29%. In contrast, a standard two-pick parlay involving an NFL point spread or total pays out at +260 odds (Risk $100 to win $260).Ī two-pick parlay has an implied probability of 27.78%. A parlay with three NFL spread legs is more difficult than winning a three-leg money line parlay involving 7-to-10-point favorites.Ī single wager on the spread or total typically carries odds of -110 (Risk $110 to win $100) with an implied probability of 52.38%. Some parlays are more difficult to achieve than others. Math Behind Spread Parlays – Strategy to Spread Parlay Bets

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However, the risk is also higher because all the bets must win for the parlay to payout. The appeal of parlay betting is the potential for a high payout if all the individual bets are successful. Time to learn about the best parlay betting strategy and multiple approaches to parlay betting- don’t go into parlay betting blindly – rely on knowledge, not optimism!Ī parlay bet is a single wager that combines two or more individual bets into one.

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