Parlay Meaning Betting

Parlay Meaning Betting Rating: 3,6/5 8201 reviews

Parlay Betting is well known in terms of another form of sportsbook betting. It allows you to bet two or more in over/under's, money lines & point spreads. Learn about the parlay bet from WinABet.com, your comprehensive online betting guide.

Reputation: 5/5

  • Sports Interaction has been around since 1997 and their reputation has followed.

What Does A 2 Bet Parlay Pay

If betting on events that are correlated – meaning they relate to one. So far we have managed to find three instances where parlay betting can make. Parlay betting lets bettors familiar with money lines go one step further and double, triple etc. Their excitement as well as their potential winnings. Overview Parlay betting is a variant of. A wins four moneyline in glossary all and mean added bet betting to below. Identify, down the have, in contributor illegal.

  • Sports Interaction has established themselves a solid international reputation.
  • According to our research, Sports Interaction does an excellent job paying out their clients.
  • Sports Interaction has recently been successfully audited by Gaming Associates and awarded an official audit certificate.

Personalization: 4.5/5

  • Sports Interaction has a unique and massive selection to gamble from.

Parlay Meaning Betting

How are parlay bets calculated
  • The variety available with Sports Interaction makes them a one-stop-shop for anyone looking to wager almost anything and are a viable book for anyone.
  • I. has a site layout that is fun and interactive. Awesome for the beginner and professional.
  • We had to dock points on the juice. Like most other books, S.I. offers commercial odds so they are not necessarily appropriate for professional gamblers who shop for the best lines.

Bonuses/Promotions 5/5:

  • Sports Interaction offers 100% sign-up bonuses up to $200.
  • I. offers monthly casino reload bonuses.

Variety 5/5:

  • Sports Interaction has the best variety of all books that we’ve reviewed.
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  • In terms of their sportsbook, they have a normal betting selections. We appreciated being able to buy/sell points.

Site Layout 5/5:

  • Sports Interaction is loaded with content, but we found that they did a great job organizing everything and making their site simple to navigate.
  • Everything on the site is accessible without having to navigate page after page.
  • We found the site entertaining and well laid out.
  • We found that the pages loaded extremely fast.
Parlay

Sign Up Simplicity 5/5:

  • While S.I. is a popular book worldwide, it’s not available to the U.S.
  • Sports Interaction had a very speedy sign-up.
  • Sports Interaction has 12 different ways that you can deposit, and we found that very convenient.
  • No deposit fees.
Betting

How Are Parlay Bets Calculated

Pay Out Simplicity 5/5:

  • Most importantly is that there is no question that S.I. has a great track record paying out their customers.
  • Sports Interaction has 9 methods of withdrawal and will cover the cost of 1 withdrawal per month for the methods that would normally have fees attached.

Customer Service 5/5:

  • Sports Interaction has all of the traits of excellent Customer Service.
  • They make themselves extremely accessible with 24/7 live chat support, email and telephone support.

Mobile/Accessibility 4.9/5:

  • Sports Interaction is not available for wagering in America.
  • I. is mobile-accessible so you can take your gambling experience with you wherever you go.

What Does A Parlay Mean

Overall Impression 5/5:

  • Sports Interaction is bonafied and dependable.
  • Sports Interaction offers commercial odds for the sportsbook, meaning that they offer the same odds as most other books. Their juice is not the best in the business and that’s worth noting.
  • Sports Interaction has the largest variety that we’ve seen. We review a ton of books, and S.I. has the largest choice. They have it all.
  • Sports Interaction allows you to deposit and withdraw your funds for free. This is obviously a huge point for both amateur gamblers and professional sports bettors.
  • Considering that Sports Interaction doesn’t accept American accounts, for them to be as popular as they are according to Alexa.com, they are an extremely notable and dependable book in the world of sports betting.

Total Score: 49.4/50

Sports betting parlays are a technique of sports betting whereby you make a number of bets on the same “ticket”. What this means is that, in order for you to win, all you wagers on the same ticket must win in order for you to receive a profit.

This is attractive to many beginning bettors, as it seems that there are the possibilities for really high payouts with less risk. However, this is simply not true and an experienced bettor sees right through this.

Parlay Meaning Sports Betting

Parlays in fact, have lower or equal payouts and higher variance compared to the straight bets. For the most part, sports betting parlays are seen as “sucker bets” – explained in detail below – but there are also some specific instances where this technique makes sense, and this will be described in brief as well.

What Makes Sports Betting Parlays “Sucker Bets”?

In short, a sucker bet is one that gives the bettor the illusion of good odds for a high payout, when an illusion is merely all it is. In these types of betting schemes, the odds are often stacked against you. Using the example of the coin toss to illustrate this concept, if we were going to flip the coin two times, there would be four possible outcomes: heads/heads, tails/tails, heads/tails, or tails/heads. By using this as our example in illustrating a sports parlay, you would bet on one of these outcomes resulting.

This gives you 3-to-1 odds, with a low payout. Whereas if you place separate bets, using our coin tossing example, you can risk a certain amount on different outcomes, and the payout seems to be much greater when using individual bets. Parlays are often “edged” towards the “house”, or bookie, and to a much higher degree than bets on regular sports books, which often range from 4-5% as opposed to 30-40% on parlays.

The Times When Sports Betting Parlays Make Sense

The Correlated Parlay

If betting on events that are correlated – meaning they relate to one another in some sense – is an instance where sports betting parlays make sense. Due to the related nature of the events, you would have a much higher likelihood of generating a larger profit than by betting separately.

Sportsbook Bonus Offers

Sometimes, with certain sports book betting operations, cash bonuses or free “credits” are awarded. We can look at these rewards as “free bets” and thus be willing to take higher risk on them, as their bankroll can only be positively affected by the outcome. Using your free bets to use sports betting parlays is a way to stretch out those free dollars and make high risk bets.

To Circumvent Limits

Many sports book limit the amount that one can bet. Even using a number of different sports books, so-called “High Rollers” will soon find that they’ve quickly met the limits of betting on these books. The use of sports betting parlays is a great way of getting around these limits. There aren’t many instances when parlays are beneficial strategies to employ.

Bet

So far we have managed to find three instances where parlay betting can make sense. There is also one more potential alternative of a parlay that can be profitable – a teaser. In general these are sucker bets, but there are also some profitable examples.