How exactly to Bet Parlays in Sports

Đăng ký New88  regarding parlays is: DON'T.

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

A parlay is not an individual bet. It is two bets -- a one-unit bet on one team and a two-unit bet on another. 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 one team loses, however, the double bet is presumed to have been on the loser. How smart is that for the bettor? Just do it, make 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, how many of you would still make the bet?

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

Much like every rule, however, you can find exceptions. The exception to the rule regarding parlays occurs when the two bets are co-dependent.

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

Initially, this appeared to be a great chance for the book. The standard coin-flip odds of winning one parlay out of your two are 50-50. As far as the bookie was concerned the bettor should be winning $160 half the time, and losing $200 half enough time. The bettor, however, making $500 parlays, was ahead more than $20,000 after 6 months, and the book started to look at what the bettor was doing more carefully.

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

Take the Thursday night game between Utah and Air Force. The overall game total was 53 and the first half total was 27. By the end of the initial half, the score was 31-21, for a complete of 52 first-half points. The first half of among the parlays, the "over" in the first 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 game. Obviously the chances of winning the "over" in the game were not 50-50 but better than 99% and only the "over." The player only needed 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, be aware that most off-shore books are much too smart to allow 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 may be made at many books. One kind of co-dependent parlay may be the parlay of the side and total in the same game.

Any game in which the total is significantly less than double the spread can provide you an edge in parlaying side to total in 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 boost your win with hardly any increase in risk. This type of bet, however, required that you have an opinion privately or the total. Parlaying is another solution to boost your potential win on these games, or to develop a potential win when you have no opinion.

There are two games this Saturday that qualify. They are Virigina -25 over Duke with a total of 48 �, and Kansas St. -24 � vs. North Texas with a complete 46 �).

In the Virginia game, if you believe that Virginia will cover the 25 points, they must hold Duke to no more than 11 points or the game will go over the total. The more likely it becomes during the game that Virginia covers 25 points, the much more likely it becomes that the game will review 48 �. The wider Virginia's winning margin, the more likely the game will review. If you want Virginia to cover the spread, and you also believe that Duke will never be shut out, in that case your probability of winning a parlay on Virginia and the over are greater than the normal 25%. Likewise, if the scoring stays low, it really is not as likely that Virginia covers the 25 points. As a result, the probability a parlay of the under with the underdog will win is greater than the normal 25%.

Should you have no opinion on the 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 a winning two-parlay spread.

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

Not all bookmakers will allow you to parlay the side to the full total in the same game, because increasingly more are realizing that these bets are occasionally co-dependent. But, enough books still do allow such bets so you might 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.