When it comes to the unit play on a parlay bet, that should once again comes down to your overall level of confidence. How to bet guides for questions regarding sports betting tips and advice This is why the pros rarely bet parlays and, if they do, it is limited to just two plays. If you have even the slightest doubt in any of the three picks, take it out of the parlay and bet it straight.Īnyone who has been betting sports for any length of time already knows just how hard it is to pick the winner in three separate games. These should always be your best plays with a very high level of confidence. Going back to a basic strategy for betting parlays, you should try and come up with three picks to string together. Keep in mind that a PUSH or tie normally counts as a loss in a progressive parlay bet. If you are still bent on playing a high number of teams in any parlay bet, this is one way to try and hedge your way to a payout. The three basic parings for progressive parlays offer a payout on: For example, the payout on a four-team parlay with four correct plays is only 5 to 1, but you would still earn even money with one loss.

The lone caveat is lower odds for a perfect ticket. Some online bookies will offer progressive parlays that adjust the odds based on one, two or three losses within that play. The payout odds for this many teams can vary from book-to-book with an upper range of 10,000 to 1. Most online sportsbooks will allow up to 15 teams in one parlay bet. Anything higher than four requires much more luck than skill to cash in. Once you go four teams or higher, the overall edge leans more and more towards the books.

By increasing that parlay to three teams, the payout odds jump to 6 to 1 or +640. The payout odds for a two-team parlay are 13 to 5 or +260. The sweet spot for any parlay play is two to three games. The payout odds are enhanced for a parlay as opposed to betting each game on its own, but the degree of difficulty is dialed up with every team you add to the list. In order to cash in on a parlay bet, all the games included must be winners or at the very least end as a PUSH. Playing parlays for any sports bet is the ultimate risk/reward proposition. Betting Strategies for Parlays at Online Sportsbooks

Progressive parlay online bet