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Topic: Is parlay an effective betting strategy? - page 2. (Read 9914 times)

legendary
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#1 VIP Crypto Casino
August 23, 2019, 10:07:37 AM
Parlay’s are great fun if you’re putting on a small stake because you get good odds. You’re not going to win very often if you put more than 3 things in your parlay though.

I suggest if you’re a really serious gambler then stay away from them.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
August 23, 2019, 02:31:31 AM
Recently, I have tried Parley strategy. Seems not working in the long run. Been used different strategies, I also change seed, used manual and auto but hey, we can win in gambling when we have that "lucky day". No effective strategy in the gambling. It is better if we can still bet multiple times until we compensate the losses. Or have higher multiplier with minimum bet amount.
I dont think you are reading before posting. Changing seed and all is something related to dice games and EV- games of a casino. Parlay is generally applied to the sports betting and specifically to multiple bets as one set of bets to get a big multiplier. Many sportsbooks allow this to be done which often ends in huge wins or huge losses.

What you seem to talk about is martingale and the false concept that changing seeds changes your outcome - this is a misconception. Though I would like to know more about what you say, which is if you ever read these comments again. Cheesy
hero member
Activity: 2940
Merit: 613
Winding down.
August 19, 2019, 02:00:38 AM
I've never won any bet using parlay  Grin, I stopped and it's much better to focus on single bets that have a good ratio and you have a knowledge about the game
LOL, in gambling, you will only prove a thing until you try it, parlay offers great return but it's not as easy as we think.
As for me, I still find it fun, because I have won many times but I don't want to compare my loses betting in parlay as I'm pretty sure i'll end up negative.
This strategy is good for fun only, so let's just keep it that way, if we want to have consistency to fulfill our long term mission, avoid this method.
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
August 18, 2019, 05:58:56 AM
In the beginning, when I started to bet online, I saw this parlay kind of bet

I remember thinking: it's so easy to guess 4 or 5 soccer games that I'll gain a lot of money with this way
And I started to use parlay...

I've never won any bet using parlay  Grin, I stopped and it's much better to focus on single bets that have a good ratio and you have a knowledge about the game
You are so meticulous about parlay when you start betting online, I personally don't know anything about parlay, I have even done a several of single bets on online gambling, especially soccer. In the end my friend told me about the parlay and from that moment on I made a parlay bet that I did every time I bet sports, because I felt this parlay bet would be very profitable for me at the time and proved to be very efficient, but somehow I made parlaying longer I feel like I lost my skills there even though I still bet parlay once in a while but it's no longer as effective as in the past.
hero member
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Leading Crypto Sports Betting & Casino Platform
August 18, 2019, 02:14:50 AM
I also think that gambling is good if you treat it for full entertainment only and just forget if you loss and not take it seriously where it will make you come up with an experiment just for the hope of making money because that's too costly since this involves money, and the more you gamble, the more money you need to be able to do it.

at what games you play to feel that gambling can make you entertain ?  card games maybe  ?  because i dont feel to be entertain when i play repetitive games but im only playing them if want to try my luck and to possibly earn some profits   .   if i want to relax and enjoy i only play card game locally with our neighbors  but this still include real money as bets .  when it comes to strategy  ,  i still include it on my games no matter if its for enjoyment or for a seriuos game .
It is very obvious that you are into gambling for money, so regardless the game type I believe you would never be entertained. My realization about gambling is, you must define your intentions before playing, if it’s for money, stay focused and don’t even think of catching fun because you would realize that it never comes. Same as entertainment, those who have a mindset of gambling for fun, always find it very hard to make profit. So, it is important to have a defined purpose. For me, I enjoy games that are familiar and I keep on repeating to be better, this way I do not really need a strategy but experience.
legendary
Activity: 2366
Merit: 1408
August 17, 2019, 10:24:52 AM
In the beginning, when I started to bet online, I saw this parlay kind of bet

I remember thinking: it's so easy to guess 4 or 5 soccer games that I'll gain a lot of money with this way
And I started to use parlay...

I've never won any bet using parlay  Grin, I stopped and it's much better to focus on single bets that have a good ratio and you have a knowledge about the game
sr. member
Activity: 2030
Merit: 356
August 17, 2019, 02:57:01 AM
For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Yes very lucky. For me gambling is a place where looking for pleasure, not the full profit, if fully looking for profit we will be encouraged to play unhealthy or out of control and result in losses.

Don't you think that wining is gambling is directly related to the entertainment and pleasure in the gambling ?

I only feel good in gambling and when I lose in gambling i do feel sad. Even if I made up my mind that I will not care for the win or lose in gambling, still a loss make me sad. So I think it is impossible to think that we can be happy regardless of a loss in gambling.
hero member
Activity: 2926
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No dream is too big and no dreamer is too small
August 17, 2019, 01:39:36 AM
If someone likes gambling it is not possible he is not interested in parlay, how can not even with a small capital can produce more (depending on the calculated odds). I bet on a parlay with 7 football matches with x11 total odds and bet $85, this is my first win.

For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Depends from everybody's approach and bankroll management, maybe it's correct that he have a bigger bankroll and he can take that much risk for 7 legged parlay, but for small time gamblers who can't afford that much, $5-$10 can be considerable especially if you have that much games to select as chances to lose one of those games is very possible, lucky for him to win as he will enjoyed his winnings.
The lower the number of bets parlayed the better the chances, so for me, the amount that I put decreases when the number of bets in a parlay increases.
Let's say I can bet 10 usd in 2 bets parlay, when I will increase it in 3 legged or so on, maybe I would just bet 5, then 2 usd, but then again that really depends on our total bankroll and that would change from time to time as bankroll is not fix, it sometimes increases or decreases depending on how we manages it.
hero member
Activity: 2128
Merit: 520
August 16, 2019, 02:22:16 PM
If someone likes gambling it is not possible he is not interested in parlay, how can not even with a small capital can produce more (depending on the calculated odds). I bet on a parlay with 7 football matches with x11 total odds and bet $85, this is my first win.

For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Depends from everybody's approach and bankroll management, maybe it's correct that he have a bigger bankroll and he can take that much risk for 7 legged parlay, but for small time gamblers who can't afford that much, $5-$10 can be considerable especially if you have that much games to select as chances to lose one of those games is very possible, lucky for him to win as he will enjoyed his winnings.
hero member
Activity: 2548
Merit: 605
August 16, 2019, 12:00:05 PM
For me gambling is a place where looking for pleasure, not the full profit, if fully looking for profit we will be encouraged to play unhealthy or out of control and result in losses.
That's right, that's being realistic since we know that we have less chances in gambling compared to other forms of venture in making money.

I also think that gambling is good if you treat it for full entertainment only and just forget if you loss and not take it seriously where it will make you come up with an experiment just for the hope of making money because that's too costly since this involves money, and the more you gamble, the more money you need to be able to do it.
I am very sure that those professional gamblers would quote you wrong on this. The general believe is that gambling is for money making and only few gamblers would accept gambling as a place of entertainment. I am even aware there are categories of people that no longer work or do another thing to get money but rather depend solely on gambling to make money and take care of their needs. This is one thing that breaks my heart the most, like seriously? Where did this believe come from? A game that was meant for fun suddenly turns occupation to some certain people? It’s absurd I must say.

I think the aim of strategies, if at all necessary, should be for improvement in playing. I never use strategies, so I am not in a position to tell which is effective or not.
hero member
Activity: 3052
Merit: 685
August 15, 2019, 01:28:52 AM
For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Yes very lucky. For me gambling is a place where looking for pleasure, not the full profit, if fully looking for profit we will be encouraged to play unhealthy or out of control and result in losses.
That's right, that's being realistic since we know that we have less chances in gambling compared to other forms of venture in making money.

I also think that gambling is good if you treat it for full entertainment only and just forget if you loss and not take it seriously where it will make you come up with an experiment just for the hope of making money because that's too costly since this involves money, and the more you gamble, the more money you need to be able to do it.

at what games you play to feel that gambling can make you entertain ?  card games maybe  ?  because i dont feel to be entertain when i play repetitive games but im only playing them if want to try my luck and to possibly earn some profits   .   if i want to relax and enjoy i only play card game locally with our neighbors  but this still include real money as bets .  when it comes to strategy  ,  i still include it on my games no matter if its for enjoyment or for a seriuos game .

For me, I feel entertainment much in sports betting, this kind of game where I don't feel bored when doing as different action in every game, in addition I can also choose from variety of games offered by different sportsbook. I'm not saying I'm fully focus on sports only, I also do a lot of many games, even dice, I feel it's also fun but when it comes to aggressiveness, I'm more aggressive in sports gambling as I feel I have a better chance.
full member
Activity: 1750
Merit: 118
August 15, 2019, 01:04:35 AM
For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Yes very lucky. For me gambling is a place where looking for pleasure, not the full profit, if fully looking for profit we will be encouraged to play unhealthy or out of control and result in losses.
That's right, that's being realistic since we know that we have less chances in gambling compared to other forms of venture in making money.

I also think that gambling is good if you treat it for full entertainment only and just forget if you loss and not take it seriously where it will make you come up with an experiment just for the hope of making money because that's too costly since this involves money, and the more you gamble, the more money you need to be able to do it.

at what games you play to feel that gambling can make you entertain ?  card games maybe  ?  because i dont feel to be entertain when i play repetitive games but im only playing them if want to try my luck and to possibly earn some profits   .   if i want to relax and enjoy i only play card game locally with our neighbors  but this still include real money as bets .  when it comes to strategy  ,  i still include it on my games no matter if its for enjoyment or for a seriuos game .
hero member
Activity: 2814
Merit: 576
August 15, 2019, 12:43:18 AM
For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Yes very lucky. For me gambling is a place where looking for pleasure, not the full profit, if fully looking for profit we will be encouraged to play unhealthy or out of control and result in losses.
That's right, that's being realistic since we know that we have less chances in gambling compared to other forms of venture in making money.

I also think that gambling is good if you treat it for full entertainment only and just forget if you loss and not take it seriously where it will make you come up with an experiment just for the hope of making money because that's too costly since this involves money, and the more you gamble, the more money you need to be able to do it.
member
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Merit: 13
Crypto ✪ Enthusiast
August 14, 2019, 08:48:44 PM
For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
Yes very lucky. For me gambling is a place where looking for pleasure, not the full profit, if fully looking for profit we will be encouraged to play unhealthy or out of control and result in losses.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
August 14, 2019, 07:11:51 AM
The Parlay style of gambling is for the sucker who doesnt mind getting poor odds.
You are giving yourself worse odds in hopes of earning more money.

This article explains very well why Parlays should be avoided:
A parlay wager has a storied and much-debated place in the history of sports gambling.
https://extra.betamerica.com/examining-parlays-in-sports-wagering/


I'm sure gamblers do know about the chance of hitting a parlay bet, but that's not poor odds for them, otherwise they will not be attracted to do a parlay bet, maybe the right words are, betting odds is high but chances of winning is low, at least that's just my own understanding and I still find parlay not a sucker bet since there's always an excitement when doing a parlay betting. 
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
August 14, 2019, 02:13:05 AM
The Parlay style of gambling is for the sucker who doesnt mind getting poor odds.
You are giving yourself worse odds in hopes of earning more money.

This article explains very well why Parlays should be avoided:
A parlay wager has a storied and much-debated place in the history of sports gambling.
https://extra.betamerica.com/examining-parlays-in-sports-wagering/
hero member
Activity: 3010
Merit: 666
August 14, 2019, 02:09:52 AM
If someone likes gambling it is not possible he is not interested in parlay, how can not even with a small capital can produce more (depending on the calculated odds). I bet on a parlay with 7 football matches with x11 total odds and bet $85, this is my first win.

For 7 legged parlay, I would not be $85 usd, that's too much for me, maybe just around 5 to 10 usd as that is just my range.
But you are lucky to win, and maybe you have a bigger budget in gambling that's why even at a parlay, you are confident to bet that high.
member
Activity: 630
Merit: 13
Crypto ✪ Enthusiast
August 12, 2019, 03:20:52 AM
If someone likes gambling it is not possible he is not interested in parlay, how can not even with a small capital can produce more (depending on the calculated odds). I bet on a parlay with 7 football matches with x11 total odds and bet $85, this is my first win.
legendary
Activity: 2954
Merit: 1155
Leading Crypto Sports Betting & Casino Platform
August 12, 2019, 02:37:49 AM
I've won some good amount with paylay in sports betting in the past but when I start doing it in a regular basis, it seems my overall return is negative.
So my question, do you bet on parlay and why?, and what's the biggest odds you've won so far?
I have do parlay, and only a little odds. Because at first i don't know what is parlay and end with lose.  Grin I think parlay is good like there are something that can expert that can do to increased their income. Like something 1 level above normal level that we can do.

Good for you, but I still don't understand what parley is and nobody is explaining it!
I came here hoping to read an explanation! 😋

I think someone must have told in this thread but if you couldn't find, here is the brief definition of Parlay and rest you can google it.

Quote
A parlay, accumulator, combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together.
Maybe simple thing to describe is, like you pick more than 1 option in single bet. And if you can win all your pick, you can win big. But once it is lose, you lose all your money because you get nothing. Maybe that is simple way to describe.
hero member
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Eloncoin.org - Mars, here we come!
August 11, 2019, 12:17:21 PM
I think parlay is not for people who play it safe, if you do a parlay but the odds are still small, by playing safe like over 0.5 goals, then it's not a good thing. because the risk won't be equal to the profit you will get, at least I will parlay the odds around @5 and above, it will be better.
Parlay would be ideal for those who are risk takers and not those who play safe. Its the confidence that makes people bet parlays and if lucky win them. If your go for the higher number of bets in a parlay you are making it more prone to losses without any doubt. So a 5bet parlay can have a significant loss if you lose even just 2 of them.

Most gamblers like the risk though so they would without thinking anything more bet on those games that they feel confident about.

Non-parlay, parlay and martingale systems actually have a high risk. Anyone who starts gambling means they are ready to take risks, whatever system they use. And for me parlay are indeed quite ideal for gambling, but keep in mind that parlay will not be ideal with a high level because gambling will be more difficult than trading.

I myself usually use the parlay system up to level 2 only, when reaching level 2 I will return to the initial level and so on. Gambling is not a trade and the risk of gambling is far greater than trading so if you want to find it safe it is better to use a parlay system up to level 2 only.

Without using the strategies like parlay & martingale, the gambling is still risky, isn't ?
So there is no harm if we sometimes use and try these strategies. Being a gambler we should know these strategies, when and how to use them.
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