If you’ve ever pondered the luxurious lifestyles of bookies, you should know that the reason why they’re living so high on the hog is related to parleys, which are also known as accumulators. Parlays are an enjoyable form of betting – however, when you take this sort of bet, there is a pretty good chance that you’ll lose and your bookie will win.
Because parley wagers are high-risk and high-return, it’s important to ensure that you never wager more than you can afford to lose. However, if you’re up for a real gamble, this sort of betting may be extremely exciting.
To help you learn more about parlays and how this popular form of wagering works, we’ve created a practical quick guide.
Parley Basics
When you bet parlays, you will need to choose a couple of games (or more) against the point spread. In order to make money, all of your chosen games must be winners. Since most people find it tough to predict the outcome of even a single game, parleys add even more challenge to sports wagering.
If there’s a tie, your parley will be decreased to one lesser game. If you have a two-team with one tie, you’ll be moved down to a singular-action, straight bet. Some bookies will define a tie in parleys as a loss. In general, it’s wise to stay away from these bookies. You can do better in this regard.
Many people decide to go for parlay bets, because they are able to pay just a little money in order to participate. If they win these bets, they’ll get great returns on their very minimal investments. However, the art and science of choosing more than one game is really not for everyone. Basically, the odds of winning are not in your favor.
Most sports wagering experts recommend straight wagers instead (and we concur), as they have a higher likelihood of working out. However, there is one option to consider. When you choose another type of parley, called a progressive parley, you’ll be able to make money, even if there are some losers in your picks.
Now that you know more about parleys, you’ll be ready to decide if these wagers are right for you. As long as you know the advantages and drawbacks of this particular betting method, you’ll be able to make a wise and informed decision. Parleys may lead to big cash winnings – however, most people definitely don’t get these big payouts.
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Are Parlays the Right Bets for You?
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