Why try to cash in once on an online sportsbook betting pick when you can potentially double, triple or even quadruple your earnings?
Thanks to the expert free betting advice that you’re about receive, you’re going to learn all about making potentially bankroll-boosting parlay picks that could pay huge dividends!
With that said and both, the college football and NFL postseasons either approaching or rolling right along, let’s learn all about parlay wagering strategy.
Let’s get started with an explanation of what a parlay wager is.
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Table of Contents: Parlay Betting Guide
MyBookie Betting Guide to Win Your Parlays
What Is a Parlay Bet?
Picks Parlay Strategy Fundamentals
MLB Baseball Picks and Parlays
Football Picks and Parlays
Advanced Parlay Strategies
Conclusion: Smart Parlay Picks at MyBookie
MyBookie Betting Guide to Win Your Parlays
Parlay picks are very popular for bettors in sports betting, specially at MyBookie.
They allow players to combine two or more bets for a bigger payout.
Many people enjoy the challenge of putting together strong picks and parlays.
The reason parlay bets are appealing is the chance to win more money with a small wager.
But with more bets linked together, the risk also increases.
This is why smart strategies are needed to help parlay bettors succeed.
Whether you are placing MLB parlay picks or football picks and parlays, good planning can help.
This guide will show you how to make the most of your parlay betting.
^ TopWhat Is a Parlay Bet?
A parlay bet links multiple bets into one single wager.
To win a parlay, all your picks must win.
If one loses, the whole parlay loses.
Many bettors wonder what does 2 pick parlay mean.
It simply means a parlay with two selections.
A 3 pick parlay means you have three selections combined into one ticket.
The payout for a parlay is bigger because the odds of each bet are multiplied together.
But the more picks you add, the harder it is to win.
Parlay Example in Sports
In today’s times, not only can you can combine multiple wagers on the same sport.
You can also wager on different sports in what is called cross-sport wagering.
The most basic types of parlay wagers are point spread and Moneyline wagers.
Parlay wagers involving point spreads return a fixed payout while money line parlay returns are determined by the sportsbook odds of each team.
A Parlay wager on points spreads and totals could offer a return that looks similar to this one.
- 2 teams 3-1
- 3 teams 6-1
- 4 teams 10-1
- 5 teams 25-1
- 6 teams 40-1
- 7 teams 75-1
- 8 teams 150-1
- 9 teams 300-1
- 10 teams 600-1
In a parlay, your original wager and winnings are re-invested on the next game and all selections must be correct.
To make sure we’re clear, one loss and your parlay wager loses.
In the event of a push (tie), game cancellation or a pitcher that you have specified not starting.
The parlay, depending on the sportsbook you’re wagering with, reduces to the next lower number, e.g. a four-team parlay becomes a three-team parlay.
A winning parlay wager will pay several times more than the original wager.
You should know that cashing in on a parlay wager gets increasingly difficult with the more wagers you add to it.
^ TopPicks Parlay Strategy Fundamentals
Good parlay picks start with strong bankroll management.
Always bet only a small part of your bankroll on parlays to avoid big losses. (Check out our Parlay Explained: How to Boost Your Sportsbetting Bankroll)
Research is another key part of a good picks parlay strategy.
Study teams, players, injuries, and weather before locking in your bets.
It is smarter to keep parlays small, usually two or three picks.
A short parlay has a better chance to win than one with six or more bets.
Lastly, every pick you add should have a reason.
Never throw random games into your parlay just to boost the payout.
^ TopMLB Baseball Picks and Parlays
When building MLB baseball picks and parlays, check the pitching matchups first.
A strong pitcher can change the outcome of a game.
Team hitting stats are also important for MLB picks and parlays.
Some teams hit better against lefties or righties.
Use this information to make better picks.
In MLB, betting run lines and totals can work well in parlays.
Sometimes the safer play is to bet on a team to win by a small margin.
Remember that weather, especially wind and heat, can also affect MLB scoring.
Always check conditions before finalizing your MLB parlay picks.
^ TopFootball Picks and Parlays
Football picks and parlays require a different strategy.
Focus on spreads and totals more than just picking winners.
In the NFL, games are usually close.
Picking smart against the spread bets gives better parlay value.
In cCollege Football, picking strong favorites works when matchups are uneven.
Before making football parlays, check injury reports carefully.
Losing a quarterback or top player can flip a game result.
Combining a mix of spreads, totals, and moneylines can create balanced football picks and parlays for your ticket.
Get Your NFL Parlay Betting Tips
There are a couple of age-old parlay betting tips you can use to help maximize your parlay wagers.
First and foremost, look for teams that you believe will win their respective matchups outright.
Remember home teams generally win outright whether they cover the spread or not.
So, SU Moneyline parlay picks are a great way to increase the annual betting bankroll.
^ TopAdvanced Parlay Strategies
Advanced strategies for parlay picks include smart moves like hedging and using alternate lines.
These methods lower risk while keeping chances to win.
Hedging lets you bet on the opposite side late in your parlay if early legs win.
It helps guarantee some profit even if the final pick loses.
Using alternate lines is another way to help your parlays.
Instead of regular spreads, alternate lines make winning easier, though payouts are a little smaller.
If you want to build better MLB baseball picks and parlays, using favorites with some safer alternate lines is a smart choice.
Hedging Your Parlays
When you are close to winning a parlay, hedging can protect you.
If all your early picks have won, bet on the opposite result of your last game.
This way, you guarantee yourself a profit no matter what happens.
Hedging is very useful when your parlay comes down to one final leg.
A common method is to bet half of your possible winnings on the opposite team.
It balances risk while keeping some winning potential.
Hedging works for both MLB parlay picks and football picks and parlays, especially when last games are late at night.
Using Alternate Lines for Parlays
Alternate lines help make your parlay picks stronger.
You can adjust spreads or totals to safer numbers, but payouts will be a little smaller.
In MLB, you can use alternate run lines to protect your picks.
In football, moving a point spread by a few points makes a difference.
Using alternate lines in your MLB baseball picks and parlays can turn risky games into better options.
It helps avoid narrow losses.
This method balances the desire for bigger payouts with the goal of winning your parlay ticket more often.
Avoiding Common Parlay Mistakes
One mistake many bettors make is adding too many games into one parlay.
More picks mean higher risk.
Another mistake is not doing enough research.
Always check injuries, starting lineups, and weather before betting on picks and parlays MLB picks.
Also, betting with your heart and not your head is dangerous.
Stay focused on facts, not your favorite teams.
Finally, avoid trying to chase losses by building crazy parlays.
Stick to smart, researched picks only.
The ‘Better Team’ Angle
More often than not, the ‘better team’ wins in the NFL no matter where they play.
So what the Pittsburgh Steelers are giving up ton of points on the road against the lowly Cleveland Browns.
Take the ATS spread out of the equation and bet on Pittsburgh to win outright.
Then pair them with another team or two in matchups just like the one they’re playing in.
Parlay Picks: Remember, Defense Wins Wagers
Just like the age-old adage that says defense wins championships.
This also helps teams cover the spread against their more high-powered offensive counterparts.
Think about a team like this year’s Baltimore Ravens.
Sure, their offense is pedestrian at best, but Baltimore’s defense is so solid, that they’re in basically every game they play.
^ TopConclusion: Smart Parlay Picks at MyBookie
Parlay betting at MyBookie is exciting and can bring big rewards.
But success with parlay picks MLB or football picks and parlays comes from smart planning.
Stick to two or three picks, research each game well, and use strategies like hedging and alternate lines.
These tips make a real difference.
Always balance ambition with discipline.
With smart picks and a good plan, you can enjoy the thrill of parlay betting responsibly.
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MyBookie’s Sportsbook Betting Guide | Parlay Betting Guide
Now that you’ve got a handle on the basics, it’s time to explore how Parlay Betting can boost your potential payouts.
Dive into smart strategies and expert tips with MyBookie’s Parlay Betting Guide to start stacking your bets the right way.
Learn how to build smarter parlays and increase your edge when betting on multiple outcomes with one wager.
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