Everything You Need To Know About Sports Betting
Parlay betting explained
- Everything You Need To Know About Sports Betting Websites
- Everything You Need To Know About Sports Betting Sites
- Everything You Need To Know About Sports Betting Gambling
- Everything You Need To Know About Sports Betting Lines
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In the easiest terms and most simple definitions, a parlay is a single sports bet that involves the combination of two or more bets. That means a player needs to win all the bets involved in the parlay to win the parlay. Of course, the odds of doing so are much greater, making parlay payouts much bigger than betting on individual events.
Picking one winner is hard enough. Picking more than one winner together is much tougher, which is why parlay payouts are so sizable.
Putting together multiple underdogs in a parlay can create a ticket with a large payout. It’ll be significantly smaller if you put together a parlay with all favorites. However, both are tough to win. In sports, anything can and will happen. The more games you bet on in a parlay, the more chance something unexpected will happen in at least one of them.
Sportsbooks love parlays because they’re so hard to win, making them quite profitable for operators.
In fact, according to University of Las Vegas Nevadagaming researchers, Nevada sportsbooks win more than 30 percent of the parlay bets they book, compared to a total of seven percent for all other bets.
Bet on the Philadelphia Eagles to beat the New England Patriots and the Philadelphia 76ers to beat the Boston Celtics together and you’ve just made a parlay bet. Add in a few more bets on other NFL or NBA games and you’ll see how tough it can be to win a big parlay.
Placing parlay bets
Gamblers have two ways to place parlay bets in person.
The first involves telling the attendant at the ticket window which teams and totals they’d like to bet on as part of the parlay. Plus, you specify exactly how much they’re betting.
The second involves filling out a parlay card and taking that to the window.
Of course, most mobile sports betting apps accept parlays in much the same way.
#Winning
There are actually two ways to win a parlay.
The first involves none of the sides, totals, or moneylines losing. That means a parlay is still a winner if a game is canceled or ends in a tie. These games are simply removed from the parlay as if they were never there. The payout is adjusted accordingly.
Of course, the second way to win a parlay is to pick all winners.
In short, all winners, or at least no losers, makes for a winning parlay ticket.
The odds
When it comes to parlays, sportsbooks almost always offer different odds on the different games depending on the number of games bet in a parlay. Things can get a little confusing here, considering it means different sportsbooks will often have different odds and payouts for exactly the same parlay.
Plus, all these odds are subject to change at any time. Particularly with parlays, gamblers need to:
- Shop around to make sure they’re getting a good price
- Double-check tickets to make sure all the odds are correct
- Check back with the sportsbook prior to games to see where the odds are at
Changing parlay payouts
Of course, once a parlay bet is placed, the payout is locked in. That means even if the line moves for one of the games in the parlay, the parlay payout stays the same. Only parlay bets made after the change are impacted. However, it does mean a gambler might lock in one payout for a parlay on Tuesday, only to find a completely different one for exactly the same parlay is available on Friday.
This can work both for gamblers, and against them.
Parlay types
The two most common variations of parlay bets are Round Robin parlays and Teasers.
Round Robin parlays
Round Robin parlays involve making multiple parlay wagers at one time. It’s like boxing horses for an exacta or trifecta bet in a horse race. Gamblers make more than one parlay bet revolving around a specific group of teams or totals, putting together various combinations of similar bets.
Teaser
Teasers are a variation on a traditional parlay allowing gamblers to move the point spreads or totals. Because the spread and totals can be manipulated, teasers pay less than a traditional parlay.
Point spreads and totals can be changed anywhere from six to 10 points, but each bet that’s part of a teaser must be teased by the same number of points. That means if the New England Patriots are favored over the Philadelphia Eagles by seven points, and you tease it down six points, you’ve got to move the other spreads in a teaser by six points as well.
It’s in the cards
Most sportsbooks offer parlay cards for gamblers to fill in and place parlay bets. These long narrow cards allow gamblers to personally fill in the bets they would like to include as part of a parlay, making it easier on both the gambler and sports betting window attendants taking the bets.
Many sportsbooks also offer different types of parlay cards for the different parlay and teaser bets they offer.
Betting is commonly seen as a way of adding further excitement to the spectacle of watching sports. In a single guide, you will get a leg up on being more effective at sport betting online.
Sport Betting Explained
Sport betting affords you, the punter, the ability to place wagers on an array of pursuits. Sportsbooks will provide wagers that are weighted based on which team or competitor is more likely to win. However, sports betting is now even broader and can even present opportunities to bet specific actions of events.
Sports Betting Glossary
In sport betting UK, there are terms that will appear much more often than any others. Here is a glossary of the most important betting terms:
- ACCA: Accumulators are majorly popular with sports betting sites, especially in football. Fans can make a single wager on multiple results and receive more favourable odds by taking on a larger risk.
- Asian handicap: An Asian handicap is when odds are offered for teams winning with negative points or positive points. In football, this could see a team like Real Madrid playing with -1.5 goals, which would provide better odds.
- Both teams to score: Football is a popular sport for betting yes or no when it comes to both teams scoring a goal. This can be played out over an entire match or else in either half.
- Correct score: Guess the correct score for a match and you can obtain much more rewarding odds compared to only picking the winner of the contest.
- Doubles/Trebles/Quads: Backing two, three, or four selections in a single betting slip that can offer higher odds.
- Futures/outright: The term future is used to define that you are betting on an action that will not happen for quite some time, such as a player winning a tournament.
- Half-time/full-time: Sportsbooks can offer you the opportunity to select the right result at both half-time and full-time.
- Over/under: Betting either over or under a set number of goals or points. This is a mechanism that can be applied within football, tennis, rugby, and more.
- Moneyline: This American concept is where teams or competitors are expressed in terms of what punters need to stake in order to win $100.
- Parlays: The coming together of multiple results, allowing even larger collective odds. You have to win on every result to win the entire bet.
- Point spread: American betting commonly uses the term point spread. Sports fans can back a result where positive or negative points are applied. Famous teams can have their odds improved by being able to take points away from the result.
- Proposition betting: This special form of betting occurs whenever you contact the sportsbook directly to proposition them for a bet that is not offered.
- Reverse bets: Place two bets together. If team one wins, ties, or loses, then you back team two. Meanwhile, if team two wins, ties, or loses, then you back team one. The covering of both will allow for the limitation of losses.
- Win bets: A wager where you pick one team or competitor to win in a match. Draws and loses can be provided as alternative options.
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Top Sports for Betting
There are some sports that dominate the betting landscape, attracting many more wagers than some of the others. At a betting site, you will notice that the following are heavily featured.
Football
The English Premier League, Spanish La Liga, and German Bundesliga are just three of numerous competitions played out across the world. Football fans can choose to bet on their select area of expertise, with sportsbooks now covering an extensive selection of matches and in-game markets.
Horse Racing
In horse racing, it helps to seek out sport betting tips from the experts. They know more about horses than anybody else and can usually be depended on for finding winners. Horse racing is so challenging because of the numerous competitors in each race, so it helps to find and read through as much information as you can possibly find.
Tennis
Casual fans can bet on the biggest stars and major tournaments, while the more in-depth fans can use their superior knowledge to identify lucrative odds in smaller-scale competitions. Tennis is another sport that has benefitted from the emergence of numerous in-game betting markets.
Golf
Everything You Need To Know About Sports Betting Websites
In golf, it is anything but simple to pick out the guaranteed winner of major tournaments. Even when backing a favourite, you might be able find odds of 5/1. This makes golf appealing because it is suite simple to obtain good odds, and especially if you can identify a long-shot prospect to win the entire tournament.
American Sports
UK sportsbooks now represent major US sports such as American football, basketball, baseball, and ice hockey. Considering the often dramatic turnaround of talent from season to season, it is often possible to get very generous odds. Sportsbooks can be less knowledgeable about those specialist sporting fields.
Common Tips and Strategies
Everything You Need To Know About Sports Betting Sites
With sports betting, there are some core tips and strategies that can be used to enhance your level of effectiveness:
Everything You Need To Know About Sports Betting Gambling
- Use small stakes at first: Start by staking small amounts if you want to avoid major disappointments. Uncertainty is the only guarantee in sports betting, so try to spread the risk.
- Always do research: You cannot go around wagering on unknowns and expect to win consistently. Whether you prefer football, horse racing, or something else, you have to research the players, teams, or competitors.
- Understand the odds: By understanding a sport, you can then see when odds are more favourable for a certain outcome. For instance, a strong away team might be worth backing if you can secure longer odds.
- Check the latest news: Last-minute injuries can dramatically transform the face of sports like football. Check the latest news to see if the sudden absence of a star player can make a team more vulnerable.
Everything You Need To Know About Sports Betting Lines
In sports betting, there are going to be losses. Always make sure to step back and avoid betting irrationally – this will make the process more effective.