• Betting guides
  • Featured

Guide to using parlay within your betting

betting, bet

Fans of sports around the world will also be very familiar with the sudden upsurge in popularity that the betting industry has established in recent years as a number of viable sportsbooks have since emerged as popular commodities amongst sporting fanatics thanks in large part to their near endless listings of odds and means of betting.

Whilst the sporting industry has long bared witness to a vast number of players throughout its tenure, online sportsbooks have skyrocketed this interest from active punters across the world thanks to the convenient nature of play that is so often provided from smart phone applications and online betting webpages.

Certain countries have since fully permitted the frequent use of sports betting to their nation’s player base, whilst other countries have since taken a stricter approach in often prohibiting certain betting activities.

The US has varying viewpoints on the laws surrounding sport betting with these being fully dependent on whatever state the punter is currently located in, but there remains a general consensus amongst fans to take up an enjoyment in sports wagering should they gain the opportunity.

There are various odds and wagers to choose from across online sportsbook pages such as the ones present on DraftKings, but arguably the most highly favorited by US sports fans is to construct a parlay bet.

When looking into placing a bet via parlay, any avid punter of a differentiating skill variety should always remain wary of the various means of gaining a greater winning from a parlay bet and how it can benefit their chances of earning even more impressive grandeurs for future bets.

What is Parlay betting?

For any newcomers or less experienced punters, understanding the fundamentals surrounding parlay betting is crucial in earning greater winnings for all future encounters featuring your favorite sporting events.

A parlay bet focuses around a single bet with the combinations of two or more other individual wagers, with the common goal of earning winnings from all listed bets that have been wagered on.

Every single wager must be a ‘hit’ or ‘green’ in order for a winning outcome to be achieved making this almost reminiscent of the accumulator that is used for other sportsbooks overseas in countries such as the UK.

Many upstart punters maybe quick to sight out the issues of parlay betting, mainly that if one of the bets fail then you will walk away with absolutely nothing to show for your efforts no matter if the other results were all deemed correct, yet there is still a great amount of attention drawn to this form of gambling which has since been labelled as a hot commodity amongst rivalling betting fanatics.

Ways to approach Parlay betting encounters:

When building a parlay bet, punters should always look to take advantage of the opportunities that are so often present across renowned sportsbooks that they may be raring to wager with.

One of the best scenarios to place a parlay bet will always be during a free to play bonus that most sportsbooks will offer across a scheduled period, with these offers always opening up greater opportunities to earn wider winnings for fairer stakes.

It is also key to place correlated parlays on a win or lose situation such as an NBA game featuring the Milwaukee Bucks to beat the Chicago Bulls with Giannis Antetokounmpo to score over 30 points alongside other key stats such as double digits in rebounding the basketball.

Given that US audiences have a near endless array of sporting leagues and events to tune into on a nightly basis, there are numerous opportunities available for punters to place parlay wagers on games featuring the very best names that the sporting world has to offer.

Should punters also be looking to place parlays on individual players’ performances, then it is always wise to have a wider understanding on which players are set to dominate the box score on a consist matchday.

In the NBA, it is always important to back the better teams but also those individual players who will provide the best chance of impressing the analytical numbers for all bets to remain successful.

The same can be said for other leagues both in the US and abroad as parlay betting can open up a multitude of opportunities for all sports fans to bet across varying competitions, with an impressive number of high stakes up for grabs.

Parlay betting has become one of the most highly popular ways of gambling for all future sporting contests given the excitement and intrigue that it can generate, as well as providing sports fans with the best high-risk, high-reward odds that other betting methods cannot fully replicate.