A parlay bet is a popular betting strategy employed by most gamblers. For those who are not familiar with this, then do not panic, as it is one of the easiest forms of bet to understand. Basically, it is a combination of bets, where you group your bets into a single wager rather than betting several teams individually.

What makes Parlay strategy attractive is the fact that it has huge payout and less risk. However, all the teams you have selected must win.

In sports betting, there is a general misconception that all parlays are sucker bets. This is because a large number of sports bettors are not familiar with the strategy or fail to bet properly. As such, this article aims to provide with all the insight regarding Parlay betting strategies.

Parlay odds

The following is normally the parlay odds at most of the sportsbooks around the world:

  • 61 to 1 for 2 teams
  • 6 to 1 for 3 teams
  • 10 to 1 for 4 teams
  • 20 to 1 for 5 teams
  • 40 to 1 for 6 team

While BetOnline and 5Dimes offer better odds, other sites offer similar odds. It is important to keep in mind that these wagers are based on a 50/50 wagering proposition. For example, a Home team -7 and road team +7 listed on a spread is a 50/50 proposition, while Home team -7 -105 and Road Team +7 -115 is not a 50/50 proposition.

How to get the best parlay odds

Keep in mind that fixed parlay odds vary greatly from one online sports book to another. The following will guide you on which sites offer the best fixed parlay odds.

2 Team Parlays- 5Dimes.eu and Bookmakers.eu offer +264 and +264.5 respectively unlike +260 offered by most sites

3 team Parlay- the best 3 team parlay odds in the industry is offered by BetOnline.ag which pays +650. Others sites pay between +595.8 and +600

4 team Parlay- In this area, sports better feel hurt by the betting sites, with a payout off 10-1, giving bettors an advantage of 31.25%.you can avoid this feeling by betting at a bookmaker or at 5Dimes +1228.

Generally, parlaying more than 4 team at 5Dimes and Bookmakers.eu is better than in other sports betting sites.

This article is published in: Sports Betting, Sports Betting Advice
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