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Parlaying bets with different odds would change the calculations, of course. So, for this parlay you might bet on the Villanova Wildcats That is a standard two-team parlay bet, so your odds are 2. If you wanted to add a third team to the parlay, your odds would go up dramatically.
Suppose you add a bet on the Kentucky Wildcats After that your odds would essentially double with each team you added to the parlay. Every betting site has different rules on what types of bets can and cannot be included in parlays. Some sites flag certain games as unavailable to include in parlays, while many other sites might allow that same game as a parlay option.
Most sites do not allow you to do correlated parlays. If you wanted to say parlay the over with one of the team overs, say, the over on Those bets are too interconnected and most sites would not allow that parlay. Some sites also only allow two-way parlays, so you could do a two-team baseball moneyline parlay, but you will not be allowed to add a third team to the parlay.
To learn more check out our moneyline betting guide. One of the reasons why parlays are considered one of the most fun forms of betting is that you can bet on three different games in three different sports. You can bet the spread in a college basketball game, a college football game, and an NFL game and parlay them together.
To learn more check out our betting against the spread guide Many sites do allow you to parlay different types of bets, though it is restricted on certain sites. Parlay sports betting is very popular, but is it very profitable? More than almost any other form of sports betting, parlay betting is a high-risk, high-reward venture. If you were betting on the moneyline of five different games, you would only need to win three out of five games to come out ahead.
Of course, to win a five-way parlay, you would need to win all five games, the odds of which are substantially higher. Know going in, that while you can occasionally win a massive parlay, no one gets rich on sports parlay betting, except the sportsbooks, of course. While we have already established that, in most instances, sports books want you to bet parlays, because they account for a disproportionate amount of their winnings, there are instances where you can outsmart the bookmakers with a parlay bet.
The most notable parlay betting strategy that can yield legitimate results is the correlated parlay. A correlated parlay, as explained above, allows you to parlay several connected wagers into one parlay bet. So, you might bet the over of a Purdue-Penn State basketball game, and also bet the individual team totals for both teams.
The parlay betting odds for that game would yield a much higher profit than placing all three bets separately. If your thinking is that the game is certain to go over, you can make much more money by parlaying all three bets together. However if that seems too good to be true, it basically is. Most sites do not allow any correlated parlays for that very reason. They are not in the business of giving money away.
There are still sites that will allow correlated bets, although they often come with lower bet limits, mitigating the total amount of money you can win. Another way to make some money with parlays is by combining player props. Before you place a parlay bet, you should weigh the odds of placing the amount of bets you plan on making separately versus what you could profit by combining your bets into a parlay.
It helps if you know how to calculate true odds, though there are betting calculators that can do the work for you nowadays. You can calculate true odds by multiplying the amount of your bet 30 by , which equals 4, and then dividing that number by , which equals In general, you can and should use a betting calculator when dealing with parlay betting odds. The most important thing to know about parlay bets is that no one gets rich just by betting parlay bets.
This means that the profit or loss you make can vary depending on the outcome of the event you bet on. If the selection loses, you will have a bigger qualifying loss. Overlay is the exact opposite. If your selection wins, you will face a bigger loss. If it loses, you make more profit. The overlay option is great for making some offers even lower risk, whereby you need your selection to win to get an additional free bet. There is also a slider on the advanced calculator. If you move this up and down, you can see how much you would win or lose depending on what stake you lay and what the result is.
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