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?
It's because parlay is the very definition of gambling itself, I mean, as gamblers, we target higher odds for higher wins obviously. And we can only do this is luck based games like slot games. However, with parlay, we can still aim for high odds but we are not going to base it on lucky but on our skills and strategies. So yeah, even if the data that our chances are slim, we are going to try and see how it goes for us.
Considering all that has been mentioned, would you still include parlays as part of your daily betting strategy?
Yes, if I remember it correctly, I have own several with a 3-5 multi-bet on NBA. And it's really exciting to see and watch those games specially if you are in the last leg. However, it's very frustrating and disappointing when a supposedly good team loses to a bad team and then destroys your parlay in the beginning.