Can we make parlay betting a regular strategy? - page 2.

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

When people make multi-legged bets, it becomes like buying a lottery ticket. The chances of winning are low, but if they do win, people win a lot of money. And that is the main reason why people prefer multi-legged bets even though they know that the chances of winning are low. I know people who like to make multi-legged bets. They place $1 and manage to win $100, and sometimes they win $500. I always ask them how they can keep watching each result of the game and not feel like cashing out. They tell me that it is okay to lose $1 because it does not affect their lives. For them, when they make a bet, they only expect two results: winning or losing.

Dr.Bitcoin_Strange

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The major reason why I use this strategy is to get a cash out offer which I would just be satisfied to accept rather than wait for the whole game to play successfully when am not even sure of the final result. Although most time I just take one a few accumulator and stake on it.

sunsilk

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Quote from: Blowon on October 30, 2024, 10:33:59 AM

winning in one time in a parlay ticket, will indeed get a fairly large win, but as you said it has a smaller chance, some people definitely prefer parlay bets, there is no input, surely everyone has their own preferences in the rules

The preference that makes bettors choose it is because of the bigger pot. But, it's almost impossible to get those wins. I have not experienced any parlay bets win that has consists of a lot of cumulative bets altogether.

I don't think that this is for me but every time I see someone shares their parlays and they're doing good, I am simply happy for them.

But to me, I won't take this risk because it doesn't suit my way of betting.

_act_

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Quote from: Blowon on October 30, 2024, 10:33:59 AM

winning in one time in a parlay ticket, will indeed get a fairly large win, but as you said it has a smaller chance, some people definitely prefer parlay bets, there is no input, surely everyone has their own preferences in the rules

If you bet more than one match, that is a parley bet. That means betting on two matches or above is a parley bet. If you bet on two teams and the odd for the first team is 1.25 but which can be higher or lower than that, while the odd for the second team is 1.5. That is 1.8 odd in total but which is not two time as high as the chance of losing the money you want to use to stake the bet. There are some parley bet that the odd will be small. But also you are right because you can accumulate many matches to have high an high odd.

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winning in one time in a parlay ticket, will indeed get a fairly large win, but as you said it has a smaller chance, some people definitely prefer parlay bets, there is no input, surely everyone has their own preferences in the rules

Jawhead999

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Quote from: passwordnow on October 29, 2024, 05:58:24 PM

I guess it's just all about the odds and the potential winning money and that's why despite the little chance of winning it, still many does it. I don't usually do it but I guess that's where I am going next since I like taking risks in most of my bets even with the underdogs.

So, if you have a choice to bet Nottingham Forrest to win against Manchester City and a parlay bet consist of Manchester City to win, Liverpool to win, Arsenal to win and Chelsea to win, you're choose Nottingham Forrest to win?

Personally, I would say Nottingham Forrest almost has zero chance to beat Manchester City, even Manchester did lose few times against weak teams, but there's no way for me to predict that. I'd go for parlay bet, it's more realistic.

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

The fun part about parlay is you can make money while the game is on and cash out, you don't have to wait, and some people end up losing because they choose to wait and see the end of the game, this game is better than casino games because been able to cash out when sport game is ongoing is just like using stop loss when trading online.

I can advise anyone to keep taking risks on sports but they must use only what they can afford to lose, but I don't gamble every time, even if it is on a sports game it must be on games that I really don't want to miss, I always advise against risking money on every sport match just because you want to make money.

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In my opinion, express sports betting is only suitable for beginners. Express sports betting can give a player a lot of bright emotions (and beginners love it). A beginner gets the opportunity to win a very large sum of money (several times more than the initial bet).

However, you can't fool the mathematical theory of probability - the probability of such an event is very small.

Express sports betting has many disadvantages.

In practice, winning an express bet is much more difficult than winning a single bet. The bookmaker has the opportunity to increase its margin. One bad choice (and this is a very likely event) will lead to the loss of the entire express.

Strongkored

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

You are right the more legs are added the harder it is to win, but why do many gamblers still do that? as you said with only a small amount of money if successful will get a significant profit and if it fails it will not hurt because the money wagered is small which will not interfere with the player's balance in his gambling account, even it seems quite fun to do even though you don't know when it will be successful but players who do this must have other bets on single or parlay with fewer legs to be able to make a profit.

I often do this when betting with freebets and from many attempts the winning percentage is very low, if using real money will only bet small amounts, it's like trying my luck.

Finestream

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Regular betting strategy? Definitely not. We can’t take sports betting too seriously if we’re adding parlays every time we bet, as they’re just money drainers. Just look at the winning odds shared by the poster above; that’s the reality. We can’t ignore it, because even if we’re betting small amounts, over time, it adds up. So maybe keep parlays for fun, but when you’re in serious mode, risking bigger money, stick to a more reliable strategy. Definitely not parlay.

Julien_Olynpic

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Express bets give a very small probability of winning. In addition, as a rule, there is a very large bookmaker margin, although the bookmaker usually hides this. The fact is that there is an increased bookmaker margin for each bet inside the express. The bookmaker's margin is thus summed up and ultimately reaches decent values. Even the outcome of one match is difficult to predict when it has 3 outcome options - one team wins, a draw, the other team wins. If the express consists of 4 bets, then the number of outcome options increases and reaches 12. You only need to guess the outcome of at least one match in the express, as your express will not win. Wins in the express are possible, but most likely you will lose much more before that.

Darker45

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You are actually supplying yourself the answer prior to your question. You've already mentioned "bigger multipliers" or higher odds. That's the reason. You've explained further that parlay is attractive because you can bet a small amount but with a chance to win big. That's the beauty of parlay.

Of course, in gambling, as in everything else perhaps, the bigger the prize, the harder to win, the higher the risk. That has always been the logic. Otherwise, casinos would cease to be a business and end up a charity. Imagine betting small, winning easily, and making big money.

arjunmujay

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Quote from: AliMan on October 29, 2024, 06:49:09 PM

Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

This strategy can be included on my strategy of betting but not on a regular basis because there's different strategies to consider that's applicable depending on any situation of your betting. Despite of huge multiplier, there's no guarantee we win exactly so better stay safe with your funds rather of having regrets.

even though this can be a strategy, keep playing fairly. condition your finances, don't do large multiplications. because you also need to know, they must apply limits to the winnings of their players.
keep playing, not being played.

AliMan

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

This strategy can be included on my strategy of betting but not on a regular basis because there's different strategies to consider that's applicable depending on any situation of your betting. Despite of huge multiplier, there's no guarantee we win exactly so better stay safe with your funds rather of having regrets.

aoluain

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Its the chance to win big, reclaim lost bets and to finally get one over on the
bookmaker!

I see people playing a parlay with 5+ legs, to me I am thinking there is an upset
on the way and that parlay isnt happening and sure enough I hear so many
stories of missed parlays just because one team lost.
Its a balance between Risk
and reward!

Personally I dont think I ever did a multi/parlay for more than 3 legs and I definitely
wouldnt be doing them every day.

348Judah

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

People are not playing because of the risk, it is what they are aware of and see it as being affordable by them, all they wanted is to have the same desiring expectations from gambling on the kind of game they are playing, once they find a suitable blend to complement their demand, that's all, if we give a try and get the results needed, there's nothing bad.

passwordnow

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

I guess it's just all about the odds and the potential winning money and that's why despite the little chance of winning it, still many does it. I don't usually do it but I guess that's where I am going next since I like taking risks in most of my bets even with the underdogs.

Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

Daily? No.
I'd probably just going to do it for some days that I think I should do it but it won't be part of my routine betting.

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Quote from: Altryist on October 29, 2024, 11:02:08 AM

Parlay can be an integral part of the strategy, if for example, my strategy implies that the odds in my bets should be at least 2 and it happens that in order to get such odds I need several events, usually two. I think that this a little increases the risks for the bet, but not so high that I would refuse parlay and make only single bets. Parlay is popular precisely because you can get a high odds, as much as you want, every player wants to believe that he will be able to win.

The gambler mostly use the odds of game to make the money,if the gamblers had good luck.Then the gambler can make big money in the odds of the gambling site.The odds of the game also had the risk,once you use the same odds again and again.The biggest change will happen,because the reverse algorithm of the gambling site will work against the odds of your game.So this may cause to loss of their bets in the gambling sites.The odds are very important to make money in the gambling site.Every gamblers will their own odds in the betting,usually they use odds in the critical position of the game to get away from complete loss.

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Quote from: len01 on October 29, 2024, 03:42:39 PM

Honestly I will say if I still use the strategy to try my luck with a small amount to expect to get a bigger amount. And I also use single bets more often to get profit as well as satisfaction with my own prediction results.
Maybe some bettors will consider parlay bets like you said. But they will still do it for the same reason in the hope of getting big odds by testing their luck.
There is nothing wrong with continuing to try using parlay bets as long as you use small bets with not too many matches.

Yes, many gamblers prefer better chances of winning smaller prizes, but that's not my case, and that's the reason why I prefer lotteries or parlay (la quiniela in Spain) to other games with more immediate results, although I have to admit that I feel like a rara avis in this field.

Most players prefer games that are faster and more entertaining, I get that, but to me they trade the daydreaming with a dear life for stronger immediate feelings granted by small wins.

So, to me, it is a great strategy to add parlay, lotteries or whatever bet which is very cheap but improbable to win, althoug with a huge potential.

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Quote from: Sanitough on October 29, 2024, 04:17:31 AM

Many bettors love to showcase their winning parlays because they offer bigger multipliers, making them attractive for those who bet small and aim to win big. However, based on what I’ve read, the more legs you add to your parlay, the lower your chances of winning become. So, why is it still so popular despite the data showing that our chances of winning are lower?

Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?

Totally depends into your preference since there would really be bettors that would really be loving on dealing up with a single bet slip and there are ones who do really love on dealing up with parlays specially into the time or moment that they've seen that they do only have that small amount of money. Yes, it could really be able to make our winning chance to be lower but we do know that it could give out that kind of
good multiplier in terms of potential winning and this what makes that interesting. It will really be always be best that you should really that bet into something that you do really know those games
because you could have at least on taking up some shot on making those small amounts to be bigger. It will really be just that up to you whether you do go with this or not.

The thing we do hate about betting on parlays is that no matter how many games that you do able to win up but on the moment that you have 1 lost then you do lost it all.
You will really be having that kind of regret on which you should have that cash out earlier specially into those moments that there are really that available early cash out feature,
but of course you would really be thinking up on proceeding because you've been hoping for that getting that huge win.

Topic: Can we make parlay betting a regular strategy? - page 2. (Read 581 times)