Topic: Can we make parlay betting a regular strategy? (Read 581 times)

I think the most important thing is to have fun. If I focus on parlays for my daily betting, I can usually aim for x3 odds, and I feel pretty confident about it. But I know that the chances of hitting those parlays are quite low, and we can’t deny that as parlay is a money sucker.

I’ve also seen @OgNasty’s posts since I actively check both the NBA betting and general NBA discussion threads. So I’ve got a good idea if his method is working or not. But one thing’s for sure, he seems happy with his betting approach, as he consistently shares his parlays. 

Yeah, I saw your parlay bets on the NBA betting thread.

But if I will speak from experienced, parlays are really very hard to hit, and it will also involved extreme luck as well to hit a higher odds in a multi-legged bet. And with each additional leg, the likelihood of success shrinks.

However, will bettors continue to bet on parlay? Absolutely, as you have said, it's fun and there is this element of entertainment. And I will add as well that we should be betting with realistic outcomes, rather than including high risk just to boast your odds.

I've always been a parlay betting kind of person.  When I was younger and working in an office we used to make parlay bets on the days games every morning.  Usually we'd only throw a dollar or less on the bets, but we'd select every game for the day and usually once a week someone would hit their bet and make enough to make it fun.  Sure, making $30 a few times a year isn't going to make you rich, but hitting a 50:1 parlay is good fun, I don't care who you are or how much is at stake.

Cant really be able to deny that one of the main things on why parlays are really that getting that much attention due to that kind of chance of winning big on just simply having that small amount of
money that you are betting on with, but come to think that it might that look up that bigger winning but not really that much of a difference when you are really that betting on a single line or game bet
on which it might be some small add up but not really something that significant but well profit is profit and if people do see out any opportunity on winning up more then they would really be
that diving into it. Speaking about strategy then it would really be up to you whether you do make use of this one or not.

We are the ones who do have that kind of choice whether we will really be having such approach on trying out to make those small amounts of money into bigger ones. Also the thing i dont
with parlays on which one loss then that particular bet is totally lost no matter how many of series wins is you do really be that able to make of.

In boxing event, you can already see which fighters could win and the odds are given by the bookmakers which they also have the idea of who could win the matches. Whoever is the fave of the bookies, they are the ones that will likely win so chances are high when it comes to this kind of event.

Its an easier to think of losing when you are adding a lot to your parlay but whne you are only adding just 4 or 5 matches, you might have a higher chance that you won't have an upset among them.

Simple, because as your chances go lower your odds go up, so rather than nailing individually 5 out of 10 games at odds of 2.0 and end up with almost nothing you bet on 5 of those games and you look at 32x back if you're lucky. In the end is just a question of math, for sure a 100x bet is harder to achieve than a 2x individual bet, but if you do that 100,000 times you will see that the returns from the bets start leveling up and come closer, and closer, all you need is a large enough pool of results.


Well, in my experiment, multiplier bets have proven to be more rewarding;
https://bitcointalksearch.org/topic/m.64740110
We're talking about 27 vs 4 in winnings after 90 vs 9 bets.

Simply, parlay gives us the option to choose several matches in one bet. in terms of profit, we can bet with a small amount, but with a fairly high total multiplication if we win. well, for me it's that simple. the question is whether parlay is included in the strategy section in betting options, and the answer depends because each gambler has a different perspective. as you said, betting with the parlay option has a very low chance of winning. clearly, that's because we enter several matches in one betting mode. the more matches that are included in our ticket list, the greater the multiplication, and the lower our chances of winning. let alone talking about parlay options, even betting on single matches is still risky and the chances of winning are not guaranteed. but this is gambling, we are presented with the features provided. the problem is, are you serious about betting on the parlay option. or, you just see it as an option part of the bet that you can take advantage of, regardless of betting big or small.  in essence, in betting there is no guarantee of winning, especially with the parlay option which provides an alternative to combined betting. plus providing a high total multiplication, but the probability of getting a win is very low. we can bet on the parlay option with two or three matches, of course fewer matches are included in the ticket list, of course it provides a better chance of winning than vice versa. at least, for me personally.

It is betting after all and none of us are gods who can always make 5/5 bets correct, just as an example. 10$ taken 5 times and you lose all 50$ because one bet was lousy? Rather would you not bet 10$ separately on 5 bets, lose one and win the rest to cover up that one loss and make a profit at the same time?

Casinos know that and this is why parley exists, it allows the casino to take advantage of the gamblers false sense of confidence. They would never introduce a system where gamblers get the upper hand in making money, they would lose their business otherwise.

Speaking of losses, we can still get around by using a small amount of money but the amount of defeat will definitely be a lot in parlay betting, because with the situation of the team that is not conducive or inconsistent and many factors that cause the team we choose to lose, and when one prediction is wrong then we will lose everything, so why parlay gives great benefits to its bettors.

This is a very difficult bet because our predictions must be completely correct to get a win, but yes, one win will definitely make us feel much better in betting modes like this.

You are absolutely right when you said that parleys can be likened to another version of lottery, owning to how difficult it is to win most of the time.

I remember one time in the past when I decide to only bet on parlays, this was after a friend of mine won a parley of over 5000 odds, with a $2 bet, I was really moved and actually thought that winning was easy, I started compiling games into parleys, betting on 2 to 3 different parleys every day,  I did this for a whole month without a single win, at a point I had to always sit in front of my computer watching my tickets looking for an opportunity to cash-out big amount of money,  but this, this did not work because I still have other things to do and most times, I will have to step out whether I like it or not.

Parleys are good way to have fun in sports betting, not to be taken serious, but then, it's one of the easiest ways out of trenches if and when one is lucky.

I agree in part with you. The probability is so low that it doesn't make sense to bet big amounts. But multipliers are so big that you don't need to either.

To me, risking a lot of money in just one "sure bet" is not acceptable, and spending it in playing multiple parlays isn't either. But that's what many bettors do. If that's what the OP meant with regular strategy, then it is not a good one, but if we accept inside that "regularity" making small bets in weekly/monthly parlays, I think that it can be beneficial for many sports fans to increase the thrill for so little.

Parlay bets will often be used by gamblers who bet with small funds. That is to produce bigger Odds. I don't know how true that is, but I'm sure there will be many who do that. And those who bet bigger will choose a single bet that has a smaller risk.
Some sports betting sites even provide suggestions for some bets that produce big Odds. Although I will not use it, in Parlay bets I will make my own choice by trying the smallest risk.

The losses can be huge too. That is why they are considered a bad choice when it comes to sports betting. If you confident about the game's outcome without the alcohol in your system , feel free but be cautious that you might end up losing too.

Essentially you need to get all wins and that improves the overall payout. A single loss and the parley would be considered a loss. Its the greed of the gambler fueling this type of bets and the human nature to take risk that makes these bets popular. However they are less recommended than single bets.

Parlays are still popular because it's one of the few ways to win big while spending less on each bet. It's a different version of a lottery ticket since you can push for the highest odds and even cash out the bet if your sportsbook offers the feature.

I also make parlays and combine favorites to get better odds, but I wouldn't include it in my usual strategy. It's too risky if you plan to bet on several legs, and you could quickly go on a bad run burning several deposits before winning again.

You're mostly set up to fail with parlays since one unfortunate match ends your bet and there's always that one big favorite that pulls the unexpected.

Indeed, this type of parlay bet has other advantages in terms of profits that can indeed be large if we are lucky enough to win, but what you said is true, the chances of winning with this type of parlay bet are smaller, besides the risk is big, maybe this parlay strategy is carried out by people who can really consider everything carefully because if it is done haphazardly, it is very unlikely to win.

Also, I think this parlay bet is less suitable if used as a regular strategy, except maybe for those who have a lot of money, but even then it is not recommended.

Of course and why not? Specially when we all know that gambling,  or sports betting(in this context) is still a game of chance, it never hurts to sometimes, get into riskier ventures or activities, because in the end, you can either win or simply loose...
When you win, the reward will be huge due to the fact that you took a high risk, which simply translates to, the higher the risk, the higher the reward.
But on the other hand, if you loose, you simply move one to the next potential opportunity, betting parlay is a game of chance, and those who are lucky will end winning regardless of number of games on the parlay.

What I myself normally do is make sure I am not betting on the parley with funds higher than $1(depending on how many games on the parley and it's total odds), with such a very low bet amount, I simply just move on if the games doesn't play as predicted, and money was lost.

We could do that but it would not be much different than regular bets as probability of Lossing increases when you are betting on multiple outcomes to come as you want. I mean the high rewards have high risks.
I had in past went through Parlay only strategy where I chose low odds tennis games but the results are nearly the same.
Another disadvantage of Parlay bet is you might need to wait longer to get the full result and in case of one game being postponed or cancelled, it's going to take much longer and depending on the site, your bet could be cancelled.
Parlay sure is a nice and more entertaining way of sports betting but I'm not sure about it's financial advantage.

Of course, I will definitely include parlay as part of my daily betting strategy, inasmuch as the more games added, the less likely I am to win, I will still always give it a try, because there have been proven records of many people winning jackpots from parlay bets, likewise I have also seen some people who lost a single bet game played with a huge sum of money. Hence, for me, my strategy has always been to bet small amount and win big, rather than bet huge on a single game that you can't afford to lose and end up losing.

No, It is too degenerate for my own taste. I would rather to approach Sportbetting with lower multipliers but more chances to win, though, I have known people who are very fond of parlays and they seek thrill on the very small possibility of getting much of their initial wager.
Why do people still like those kinds of bets? pretty much for the same reason there are people who would rather to throw their money at games like crash or aviator instead of going for blackjack or dices. It is riskier, more exciting and fast-paced and in the end it could get much much more money than other games could, that is pretty much it.
I have only seen a couple of people here in the gambling section of the forum who have been successful on getting money from parley, the rest of them only seem to have lost money.

Of course you can if you apply parlay betting as your regular bet, but you need to note that the number of losses you will experience will be more frequent, but it is worth it if you manage to win just 1 match, make sure you have enough capital to start.