The other part of hedging is making selections based on when the game is being played. If the favorite wins, the underdog pick helps to balance out the loss of the other game. This strategy is one that many consider to be the best parlay strategy. One successful strategy for parlay betting is to hedge bets by including a mix of favorites and underdogs in the parlay.įor example, if a customer is confident in the outcomes of two games but want to hedge the parlay wager in case one of them doesn’t go as planned, the customer could include one favorite and one underdog in the parlay. Parlayed together in a three-team parlay, this would pay out at +202 odds, or $202 in potential profits. These picks would roughly win $37 (Bills), $32 (Chiefs), and $67 (Eagles) on three separate $100 wagers. Lowering the risk leads to a lower payout, but a higher probability of being graded as a winning wager. Parlaying moneylines can be a successful strategy when customers believe in the outcome of a game but want less of a risk factor. Parlay Betting Strategy: Moneyline Parlays Important to know when you consider your parlay betting strategy. Three single $100 spread bets at -110 odds would win $91 each in comparison to the three-team NFL spread parlay with +600 odds. A three-team NFL parlay wager has odds of +600 (Risk $100 to win $600) with a probability of 14.29%. In contrast, a standard two-pick parlay involving an NFL point spread or total pays out at +260 odds (Risk $100 to win $260).Ī two-pick parlay has an implied probability of 27.78%.

A parlay with three NFL spread legs is more difficult than winning a three-leg money line parlay involving 7-to-10-point favorites.Ī single wager on the spread or total typically carries odds of -110 (Risk $110 to win $100) with an implied probability of 52.38%.

Some parlays are more difficult to achieve than others. Math Behind Spread Parlays – Strategy to Spread Parlay Bets Looking for free picks to practice your parlay strategy? WagerTalk offers free NCAAB picks, free NCAAF picks, free NBA picks, and much more, all year long. However, the risk is also higher because all the bets must win for the parlay to payout. The appeal of parlay betting is the potential for a high payout if all the individual bets are successful. Time to learn about the best parlay betting strategy and multiple approaches to parlay betting- don’t go into parlay betting blindly – rely on knowledge, not optimism!Ī parlay bet is a single wager that combines two or more individual bets into one.

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