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Topic: Can we make parlay betting a regular strategy? - page 4. (Read 581 times)

legendary
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That really depends on the gambler, as we are responsible for our own strategies. In reality, if we base our judgment on probability rather than gut feeling, we should avoid using parlays as a regular betting strategy. Some bettors aren’t aware of the probabilities associated with parlays, which is why they think it’s easier to win this way compared to using single bets.

Here’s the calculation for every leg you add in a parlay (considering the odds are 1.90 on all legs):

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1.90 =0.5263 or 52.63%
   1

2-leg parlay: 0.5263×0.5263=0.2770 or 27.70%
3-leg parlay:  0.5263×0.5263×0.5263=0.1459 or 14.59%
4-leg parlay: 0.5263×0.5263×0.5263×0.5263=0.0767 or 7.67%

So the 2 leg parlay alone only gives you 27.70%, would you still continue using the strategy knowing that?
hero member
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So, why is it still so popular despite the data showing that our chances of winning are lower?


Greed. Many gamblers don't like to aim for small profit. They always go for bigger target and if you aim big, then it is with multiple bet or parley that you can have such big winning with little staking power unlike with single games that you will need lots of stake to boost the potential to a reasonable extent. So, the driving force in using parley is the amount of potential winning that is involved.


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

No. It is not included because it is a recipe for constant losing. If you have a long bet it means you have exposed yourself the more rather than the good opportunity with playing with few games.
hero member
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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.
hero member
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why is it still so popular despite the data showing that our chances of winning are lower?

If you manage to win just a single parlay it will cover everything you have been losing for a while, that’s why I normally participate in it and just go with a few games - and also I don’t have to wait for everything to finish before I cash out.

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

Daily strategy? Nope, I won’t make it a daily strategy. But if I have to bet a parlay once in a week then that’s fine. To me parlay isn’t that bad - it’s true that it has lesser probability of success but still you don’t have to bet a large amount on it like we do on single games so here we have little money to win large money.

And also you don’t have to make your parlay look like a list of people that walked through the train station - you could just go with 3-5 legs and that should be enough.
hero member
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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?
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