Parlays are considered one of the most complicated bets out there and yet they offer a huge potential to win big on any sports you are betting on. Winning on a parlay bet has been one of the ultimate goals in sports betting.
In order to fully grasp the concept of parlay bets, we have prepared this comprehensive guide to illuminate you on certain aspects of this type of bet in sports betting.
Is it better to bet on single bets or parlays?
When it comes to the quantity of events to bet on sports betting, wagers are classified into two types—single bets and parlays.
Singles betting are the easiest type of bet because it only covers one sporting event. Additionally, you can apply other types of bets in single bets such as spread, over/under/ moneyline, futures, or proposition bets. What this means is that there is no limit for a bettor to place a singles bet on a sportsbook.
On the other hand, a parlay is a single bet bundled into one giant bet. A parlay covers several events across different sports with the purpose of increasing your odds of winning in a live sportsbook Singapore site. The only downside to this bet is that all of your selections must win in order for the wager to be successful.
How often do parlays hit?
Parlays are proven to be advantageous because they could offer huge winnings once you hit all of your selections. Sometimes it is curious how often parlays hit the spot to win big on sports betting.
The truth is that it is always depending on the betting odds of the teams you include in your bets. As you already know, favorites have better odds compared to underdogs despite the difficulty of breaking through because of the tight competition among bettors.
How do you pick a winning parlay?
Parlay bets are considered as an advanced category of sports betting. Most betting experts would advise new punters not to venture on parlay bets because they are complex. However, the key to a successful parlay lies to the act of picking the right parlay bet.
In order to get started in parlay betting, we highly suggest that you begin with a simple three-team parlay bet. A lot of punters really become experts in three-leg moneyline parlays because it is easy to place. Additionally, players become more confident with this type of bet because the risks are minimal and it allows you to pay small stakes for each selection.
Another effective strategy in parlay betting is to vary your selections. The key is to put a right balance of favorites and underdogs in your parlay bets. By doing so, you will be able to maximize your bets because you will have more opportunities to win in a live sportsbook Singapore.
When should you parlay?
When is the best time to place a parlay bet? The answer is when you see that matches offer attractive betting odds. Sometimes, it is practical to place a parlay bet when the spread is well balanced.
Additionally, do not include a selection that will be in conflict with your other selections. The key is to choose carefully the selections that you will include in your parlay bet. Analyze the matches in advance by looking at the fixtures of a tournament or use the service of prediction sites that publish sports betting results.
Also, a straight up bet on underdogs is a huge risk. As a rule of thumb, if you are not sure where to place your bet, start first with the favorites and work your way from there.
Apply your newfound knowledge in parlay betting by betting on the biggest sporting events on the site and win huge rewards.