To win this bet, the sportsbook will require you to win at least three legs of the parlay. After you get to three wins, your payout will increase with each leg that you win on top of three. If you fail to win at least three legs of the bet, then the bet is considered a loss, and you lose all of your money.
Multi-Chance Parlay: A multi-chance parlay works much the same way as a progressive parlay does, but there is one major difference. You are still able to lose a leg of a multi-chance parlay and win the bet, but there is no real incentive to continue to win legs of the bet. Sportsbooks will set the number of legs that must be correct to win a multi-chance parlay, and the payouts are not as great as it is for a straight parlay.
Those people could be right, but we are going to include a teaser bet in this article just for the sake of argument. A teaser bet works in the same way that a parlay bet does, in that it is a combination of a number of single bets into one much larger wager. The major difference here is that you do have some added control and more options when it comes to a teaser bet. For instance, sportsbooks might offer a six-point teaser, which would then give you the option of choosing when and where to use the six points.
If the Chicago Bulls are listed as seven-point favorites over the Detroit Pistons, then you can decide how you want to use the six points. You can apply it to the Bulls, which would make them just one-point favorites, or you could put it on the Pistons to make them point underdogs.
You would still need to build up a teaser bet that includes several of these types of wagers, but it can be slightly easier to win than a straight parlay bet. The payout options are usually different for teaser bets, and each sportsbook will offer its own odds. Be aware that sportsbooks also decide on ties differently, and it can make or break your teaser bet.
Pleasers: A pleaser bet is very similar to a teaser bet, but it takes away some of the decision-making on your part. If you decided to take the two favorites in this situation, then your pleaser bet would shift to:. The payouts for this type of bet are usually slightly smaller than a normal parlay bet, but there is still a chance to win some serious cash.
Parlay betting is very different from traditional sports betting, even though some of the same characteristics apply. It is not easy to be great at parlay sports betting, but there are a few things to remember that can help you. This is not a complete list, and we are not claiming to promise you success by following these simple tips. It is widely considered that betting with the same unit is the best practice when it comes to betting on sports, and this includes parlay betting.
Develop a plan, choose a betting unit, and stick to it. Stick to Sports You Know: This tip applies to anyone that bets on sports and applies to any type of parlay bet that is out there. You need to stick to the sports that you know if you want any chance of making some money. Sportsbooks continue to increase the number of sports that they offer, and they do their best to get your business by enticing you with promotions and bonuses. The acronym, K.
Keep it simple, stupid definitely applies to betting on sports. Parlay bets are extremely difficult to win, and you might go your entire life without ever hitting one. The reward is definitely tempting and can be huge, but it might not be worth it, depending on your situation. Hitting a parlay bet could net you a ton of money, but you might have better luck being struck by lightning.
Hedge Your Bets: One way to build in your own parlay bet protection is to hedge the bets that you include in your parlays. Hedging your bet means finding different ways to bet on the same game. For example, if you bet on the Minnesota Vikings to beat the Green Bay Packers on the moneyline in your parlay, then perhaps you want to take the Packers and the points in a single bet. There is a chance that you could lose both of the bets, but it does give you a chance to hedge your losses.
Find Sportsbooks That Offer Parlay Protection: The sports betting industry continues to grow each day, and there are new sportsbooks that seem to pop up each month. Sportsbooks want your business, and most of them are trying to get you to make some parlay bets. If this is something that interests you, then you should also find a sportsbook that will offer you some kind of parlay insurance.
If you are able to nail six of seven legs on a parlay, then most sportsbooks are willing to pay out your winnings. It can be extremely exhausting and stressful waiting on the results of a parlay bet, and your heart is definitely going to be racing more than a few times during the games.
If you are someone that has had some heart issues or some family history of heart problems, then parlay betting might not be for you. Making a parlay bet is not for the faint of heart, and bettors should proceed with caution. Parlay betting is one of the toughest types of bets that you can make, but there is a chance to make some serious money if you hit a few of them. Sportsbooks offer some terrific payout opportunities if you want to make a parlay bet, but they are also trying to get your money from you.
We have outlined some of the top tips for making a parlay bet, but the list is not complete. There are plenty of other things to consider before placing a parlay bet, but always remember that this type of bet is hard to win. The reward for winning a parlay bet can be great, but there is also a huge risk as well. The world of parlay sports betting is not for the faint of heart, and your hair will likely start turning gray within weeks. This is extremely stressful, and you should probably prepare yourself for a lifetime of failure.
Money lines change constantly. The listed money line the time you make your bet may be different from the money line when the game starts. The listed line on your ticket is your official odds, unless starting pitcher is changed. This is explained later.
You may wager that the total score of the game will be more or less than the number listed. It makes no difference which team wins. Simply add the final scores of each team. If either doesn't happen, the bet is refunded. A favorite must win by 2 runs or more, or the underdog must either: a Win the game.
The payout varies according to the money line odds assigned to each outcome. Note: Same rules apply to run line bets as totals. Baseball parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game, and so-forth. If a game is postponed for any reason, the parlay reduces by one team. The bet is treated as if the postponed game were never included in the parlay. Simply ask the betting attendant at your favorite sports book what your payout would be before placing the bet.
When making a baseball bet, you are betting team vs. You have the option to specify that either or both listed pitchers must start the game. Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds. This will increase or decrease the payout on a winning ticket.
However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded. To bet on basketball, tell the ticket writer the bet number of the team you wish to bet, with the point spread, and the amount you wish to wager. The Point Spread: When betting on basketball, the team you bet on must "cover the spread. The point spread is always placed to the immediate right of the team that is favored.
In this example, if you bet the Bulls, the Bulls must win by 4 points for you to win your bet. If you bet the Lakers, any of the following will declare you a winner. If the Bulls win by exactly 3 points then the wager is declared a push and all money is refunded.
Point spreads change constantly. The listed point spread the time you make your bet may be different from the point spread when the game starts. The point spread that is listed on your ticket is your official spread. It makes no difference which team covers the spread. Simply add the final score of each team.
You may combine several teams into one wager. Odds and the number of teams vary from casino to casino. The following are approximate odds:. Any game that results in a push reduces the parlay one team. A two-team parlay would become a straight bet. This increases the probability of winning your bet but decreases the odds of the parlay.
Odds and the number of points available to "tease" vary from casino to casino. To bet on boxing, tell the ticket writer the bet number of the boxer you wish to bet and the amount you wish to wager. Boxing odds are shown using a "Money Line. A "minus" - preceding the number indicates a favorite. Tyson is favored to win the bout. Boxing matches often feature money line proposition wagers on knockouts, draws, rounds and the duration of the fight.
Odds vary on each fight. To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager. The point spread: When betting on football, the team you bet on must "cover the spread.
If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet. If you bet the Jets, any of the following will declare you a winner. The listed point spread at the time you make your bet may be different from the point spread when the game starts. In some cases, bettors have the option to discard the point spread and bet on which team will win. This is called betting on the "Money Line". Sports books offer a number of different cards, each one having different rules.
Rules for parlay cards are placed on the back of each card. Read them carefully before wagering. The cards are simple to fill out. Simply darken the boxes, or circles, that apply to the teams you wish to parlay. Then darken the amount you want to bet.
Sportsbooks offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant. This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. For example, the Ravens may be , the Redskins , the Cardinals , etc. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl.
When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup. In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day.
Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season. Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball.
If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner. If they win exactly 93, the bet is a push and tickets are refunded. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other.
The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds. Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.
For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash.
Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded.
To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread. The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread.
All teams must win to win the bet. Hockey parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game and so forth.
|Cannavaro soccer tips betting||While most of the major betting sites Odds Shark works with are typically in range, you can find slight odds differences, which is why line shopping is essential for a sports bettor. Despite suboptimal preparation, Dubreuil earned a silver medal and two bronze in the men'splus another bronze in the 1, in the two World Cups. After making the 3-point adjustment, the final score became for New England so a spread bet on the Patriots was a winner. This is explained later. In this matchup, the Bucks are the favorite. You can now see why the casino will try to set a line that encourages action on both sides.|
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The second way to bet on a favorite or an underdog is on the moneyline. This is based solely on which team will win the game. Because underdogs are expected to lose, there is more of a reward when betting on them. Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.
In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. You could either bet the Over or the Under If you bet the Over and the total points scored end up being or higher, you win your bet. If the total points scored are or fewer, you lose.
The juice is the commission you have to pay to the sportsbook for them to accept your wager. With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of.
To see if sports betting is legal where you live, check out our state-by-state tracker. Some of the biggest states that have legalized mobile wagering include Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online. Click to return to table of contents.
In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose. Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat-betting approach. They are unique to the team, sport and league, and universal across most sportsbooks. Much like stocks on Wall Street, the sports betting market is fluid.
Lines can vary based on the sportsbook, because different books have different clienteles. As a result, one book may post the Cavs -8 while another has Having access to more than one sportsbook allows you to shop for the best line. Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning. Our live odds pages will automatically surface the best line for every game.
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