Essentially, a parlay is no different than betting all in each time, only parlays generally pay much worse. Two teams pay a smidgen worse than the manual parlay all in each time option, where three team parlays pay a smidgen better.
August 1, PM photo credit: Isaiah J. Do Go Line Shopping When you buy food, clothes, or any other item, it makes sense to look for the best price. This concept maps perfectly onto sports betting, where all else is always equal.
A bet on the New York Yankees is a bet on the Yankees regardless of what sportsbook you place it at, so finding the best price is a singular variable that should be weighed on its own.
As more and more states and regions come onboard with legalized sports betting, that landscape is set to change, though. Just look at places like New Jersey that now offer multiple outlets for bettors to place wagers at.
It can be annoying and time consuming to cross-reference every one of your bets, but fortunately the resources become more and more available as sports betting grows. Some sportsbooks do offer fair parlay calculations, but betting on a lot of large money line favorites is still virtually certain to lose you money in the long run.
A parlay is essentially a neutral proposition in general, where you are making one bet, and then automatically betting all of the possible winnings on a second, or more bets.
Having said that, there are some parlays that are absolutely worth considering. Some sportsbooks will let you bet parlays when the bets are actually correlated.
The idea behind a correlated parlay is that the outcome of one bet can influence the result of a second bet, so the combination of two bets can give you a different likelihood of winning than two unrelated bets. Diving deeper into baseball parlays, there are a few things to keep in mind that can give you an advantage.
As mentioned above, the existence of an 18th frame bottom of the 9th is a chance for more runs to be scored. Yes, multi-run home runs can happen in the 9th inning or later, but this is the only way a home team can win by more than one beyond the 9th.
The bottom line is that both sides of a live bet, in most cases, present less-than-ideal value, due to the increased juice, or higher house cut.
Although, like betting on game props discussed below, it is possible to find some gems when scrolling through live betting odds. Do Bet Player Props Player props generally come with increased vigs or compared to the standard , but there is still plenty of opportunity to cash in on them.
Wagers are voided if the player of record is scratched from a game, but injuries to surrounding players, usually teammates, can open up some substantial advantages.
You can also bet under props when news breaks about a minutes restriction in basketball, a snap count in football, a pitch limit in baseball, and so on.
The main idea is to use your ability to quickly react to news, as player prop lines tend to respond to news more slowly than standard game betting lines. Sportsbooks know that people usually make these types of bets on a whim.