Moneyline Parlay Strategy

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2 Team Parlay @ 2.18Baseball - MLB - Moneyline. Minnesota Twins @ Cleveland Indians, Cleveland Indians (moneyline) Aug 1, 2016 7:10 PM.

There are many types of bets, but the most common are: moneyline bets, spread bets, total bets, parlays, teasers and futures. In the beginning we will explain how to read betting lines and then we will deal with different types of bets.

Nfl moneyline parlay strategy

Betting line

Betting line usually shows current odds or moneyline, point spread (handicap) and total for a particular event. For example we can have a line like this:

Example of Betting Line
Bet NumberTeamMoneylineSpread or HandicapTotal Points
461Bengals+150+6over 44
462Patriots-170-6under 44

Sportsbooks can stuff a lot of numbers in a betting line and sometimes even don't indicate what they mean. When you learn what all these numbers mean you won't be confused any more.

The -170 and +150 are money lines which are used in moneyline bets.

The -6 and +6 are the point spread which are used in a spread bet.

The over 44 and under 44 are the total points which are used in the total bet.

The minus sign (-) always indicates the favorite. The plus sign (+) always indicates the underdog.

Moneyline betting

Moneyline Parlay Strategy Odds

Money line bets are on the winner of the event. In the example the -170 for the Patriots means that you have to risk $170 to win $100. The moneyline on the Bengals is +150 which means that a $100 bet on the Bengals would win $150, if the Bengals win the game. Of course when you bet $100 on the money line bet and win $150, you will receive $250 on payout.

Moneyline Parlay Strategy Game

Spread betting or point spread betting

Moneyline Parlay Strategy

Spread bet is a bet on score difference between two opponents. In the example above the Patriots are favored to win by 6 points and that is marked with -6 next to their name. So you can make two spread bets: 1) that the Patriots will win by 7 or more points or 2) that the Bengals will lose by 5 or less points. If the Patriots win by exactly 6 points, then the spread bets would be a push and the initial stakes would be paid back to the bettors. Usually with a spread bet the bettor stakes $110 to win $100.

Moneyline

Total bet

These are bets on the number of points scored in the game by both teams combined, including points scored in the overtime. In the example above the bettor bets whether the total points between the Bengals and the Patriots will be over or under 44. Like in the spread betting the odds are -110, that means risk $110 to win $100.

Parlay

The parlay is a bet on multiple sports events in which all teams must win or cover for the bettor to win and yield huge payout. If just one game doesn't win you lose the entire bet. If one or more games end push then these games are ignored. If you win all other games you get paid according to the games you won.

Teaser bet

A teaser is a special type of parlay in which the point spread on each game moves a particular number of points in the player's favor. Price of moving the point spread are lower odds.

Futures

Futures are bets on future events. At the beginning of the season, the bookmakers give odds for teams who will win the championship. Futures are really difficult type of bet just for wise guys.

In sports betting, one of the secrets to success is knowing the types of bets to play and when to play it. In short, your understanding of the best and their strengths can spell the difference between a successful sports betting experience or a forgettable one. And one popular and extremely helpful type of bet that should form part of your strategy is the parlay bet. Simply put, it’s the type f sports wager that combines two or more bets into one.

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As part of the parlay bet meaning, you can combine different types of bets in one ticket. For example, you can throw in totals, point spreads, money lines, futures, or even prop bets in a single ticket! The only requirement here to play the wager is to ensure that all your bets cover different sports games.

Why Should You Play the Parlay Betting Strategy?

Each type of sports bet has its pros and cons, and it’s true with the parlay bet. As indicated in the parlay meaning, you can place combine multiple bets in a single ticket. This makes the wager a lucrative option for punters looking for a larger payout. However, there’s a catch when relying on parlay gambling. For you to win the parlay bet, you need to make sure that all component bets in the ticket will win. If one ‘leg’ of the wager loses, you lose your whole parlay bet. In short, this type of sports wager requires careful planning and access to information and scores. You should be confident in all your selections for this bet to work for you.

Aside from the bigger payouts, the parlay bet also offers improved flexibility for the punter. As part of the parlay rules, you can combine multiple events or sports on the same ticket. For example, you can include a football match, tennis singles, or am NBA parlay basketball game bet. Under the rules, if they all win, the parlay bet wins!

Placing Your Parlay Bet

Bookmakers today now offer their punters a convenient way of submitting wagers. This also applies to the submission of your parlay bet online or offline. If you’re betting in a physical retail bookmaker, you can tell the ticket writer directly the teams and totals that you want to bet on, including the amount of wager. Another option is to use the parlay cards which you need to fill out and submit to the counter. But if you’re placing your bets in an online sportsbook, the process is quick and more convenient. Online sportsbooks today use a Bet Slip where you can full up with your bets with just a few clicks. In an online betting slip, you will instantly notice the expected payout that you can collect in case you win all your legs in the accumulator or parlay.

If you play the parlay bet, there’s a big chance that one of your bets ‘pushes’. A push in your picks and parlays happens when the spread or total bet you make is similar to the one posted by the bookmaker. Let’s assume that the totals are 47. If the combined scores for both teams is exactly 47, then you will get your wager back since neither the over nor under won or lost. Under the parlay formula, this bet is then removed from your card as if it was not included in the first place. However, you still need to win all the other legs on the ticket to win the parlay bet.

A Few Words About Parlay Bet

Many sportsbooks advertise this type of bet to force punters to be perfect in their selections, which is difficult to do. But this doesn’t mean that you should skip this type of wager. You can still create a winning parlay system by handicapping each game you want to include. Also, it can help if you review the tips and predictions that are often advertised by experts online. Due diligence is important if you want to be successful in this type of betting system.

FAQ

What is a parlay bet?

This type of bet involves combining several types of bets in one ticket.

Moneyline Parlay Strategy

🤔 What are the types of bets I can include in a parlay bet?

You can use almost all types of bets in your parlay ticket provided that they represent different events or sports. For example, you can throw in Moneyline, totals, futures, or even prop bets.

📑 What happens if one of the legs in my parlay bet ends in a push?

If this happens in one of your legs, the sportsbook operator will remove this entry from your ticket and treat it as if it’s not included in your original selection. However, you still need to win all remaining legs in the parlay ticket to win a payout.

Moneyline Parlay Strategy Definition

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