How exactly to Bet Parlays in Sports

The general rule regarding parlays is: DON'T.

Parlays generally carry a higher house edge than straight bets, which means you give the book a more impressive advantage over you once you play them. That, alone, is reason enough to suppress the misplaced feelings of greed coupled with fear that often result in betting parlays. People think they are risking less with parlays, however they aren't. They believe they can win more with parlays, but they cannot. The higher win with parlays is far outweighed by the bigger probability of losing.  tải app new88  are actually risking more, with less probability of collecting.

A parlay is not an individual bet. It is two bets -- a one-unit bet using one team and a two-unit bet on the other. Which team gets the two-unit bet? In point-spread betting at constant money odds, if both teams win or both teams lose no matter which team gets the double bet. When one team wins and something team loses, however, the double bet is presumed to have been on the loser. How smart is that for the bettor? Just do it, create a parlay. We'll wait until both games are over, and in case there is a split we'll put the double bet on the loser. If your bookmaker sold you a parlay with that line, just how many of you would still make the bet?

A parlay can be bad money management. In a parlay you either bet double on the next team, or nothing on that same team, dependant on if the first game won or lost. That adds an element of luck to your betting it doesn't ought to be there. The skilled handicapper is always wanting to make smart investments. He tries to remove the effect of luck to the best extent possible to make his results as predictable as you possibly can.

As with every rule, however, there are exceptions. The exception to the rule regarding parlays occurs when the two bets are co-dependent.

I knew one bookmaker who was simply taken for tens of thousands because he didn't understand the co-dependency of certain bets. He allowed a new player to consistently parlay the initial half with the game. The ball player parlayed totals by combining the over in the initial half with the over in the game, and the under in the initial half with under in the game. Both parlays were made in the same game. Each time the player won he'd win 2.6 times his bet. Betting $100 on each parlay, if one of these won, the ball player would win $260 and lose $100 on the other parlay for a net win of $160. He could never win both parlays. If he lost both parlays he'd lose $200.

Initially, this were a great opportunity for the book. The standard coin-flip probability of winning one parlay out of the two are 50-50. So far as the bookie was concerned the bettor ought to be winning $160 half enough time, and losing $200 half the time. The bettor, however, making $500 parlays, was ahead a lot more than $20,000 after six months, and the book begun to look at what the bettor was doing more carefully.

The issue for the bookmaker was that both halves of every parlay were co-dependent. By the end of the first half, the bettor was hardly ever in a 50-50 situation.

Take the Thursday night game between Utah and Air Force. The game total was 53 and the first half total was 27. By the end of the first half, the score was 31-21, for a total of 52 first-half points. The initial half of one of the parlays, the "over" in the initial half was a winner. For the parlay probability to be correct, there should now be considered a 50-50 possibility of winning the "over" for the overall game. Obviously the odds of winning the "over" in the game weren't 50-50 but better than 99% in favor of the "over." The player only had a need to win the first 1 / 2 of the parlay to be virtually assured he would collect 2.6 times his money instead of just $10 for $11.

Before you rush out to try this, remember that most off-shore books are much too smart to enable you to parlay first half to game. If they do permit you to do this, start fretting about collecting because that book will soon be taken up to the cleaners.

You can find, however, some less obvious co-dependent parlays that can be made at many books. One kind of co-dependent parlay is the parlay of the medial side and total in the same game.

Any game in which the total is less than double the spread can give you an advantage in parlaying side to total in exactly the same game. We've already discussed, in a prior article, how to use these anomalous side and total combinations to hedge one another and increase your win with very little increase in risk. This type of bet, however, required that you have an opinion privately or the full total. Parlaying is another solution to boost your potential win on these games, or to create a potential win in case you have no opinion.

You can find two games this Saturday that qualify. They're Virigina -25 over Duke with a complete of 48 �, and Kansas St. -24 � vs. North Texas with a complete 46 �).

In the Virginia game, if you believe that Virginia covers the 25 points, then they must hold Duke to only 11 points or the game will go over the total. The more likely it becomes through the game that Virginia covers 25 points, the much more likely it becomes that the overall game will review 48 �. The wider Virginia's winning margin, the more likely the game will review. If you like Virginia to cover the spread, and you believe that Duke will never be shut out, in that case your possibility of winning a parlay on Virginia and the over are higher than the normal 25%. Likewise, if the scoring stays low, it is not as likely that Virginia will cover the 25 points. Therefore, the probability that a parlay of the under with the underdog will win is greater than the normal 25%.

When you have no opinion on the overall game, you can parlay the favorite with the "over" and the underdog with the "under" and collect sufficiently often to exceed the losses when both parlays lose. In the only real other game meeting the qualifications this week -- Friday's game between California -30 against New Mexico State with a complete of 58 -- the under has already won with the underdog for an absolute two-parlay spread.

The closer the posted total would be to the spread on the side, the better win-rate will undoubtedly be on the parlay "spread" bet. The co-dependency in side to total parlays is not as strong as parlaying first half and game totals (if it were, most books would not allow such bets), but there is a sufficient co-dependency in the games with low totals and high spreads to make the strategy profitable long-term.

Not all bookmakers will help you to parlay the side to the full total in the same game, because progressively more are realizing that these bets are occasionally co-dependent. But, enough books still do allow such bets for you to consider including such bets in your professional betting arsenal.

If your bookmaker provides "if/reverse" bets, it is possible to replace the parlay bet having an "if/reverse" bet and achieve greater success.