Don’t Bet Parlays

Don’t Bet Parlays

Don’t Bet Parlays The Ultimate Lineup

We all know there’s multiple ways to bet on sports. You can bet on Futures, Props, and so much more!

However, there’s one way specifically that’s even more beneficial to Sportsbooks than other bets. That would be betting parlays. A parlay wager is when you put multiple bets into one betslip. For example, for the Mets and Yankees to both win tonight. The reason you’d do this is because there’s a higher payout if both teams win, compared to betting them both individually. However, if either team loses, you lose the entire bet.

Like any other business, it’s about the margin that the Sportsbook takes in. These bets may seem like solid lottery tickets, or a good way to get a juicy payout, but we all know how hard it is to win in betting and in baseball! One error, or one poor performance, can ruin the entire parlay. There’s a reason the limits on a parlay wager are generally higher than that on a single selection wager. The Sportsbook simply has more confidence that both teams won’t win together.

It may be tempting to wager on parlays when you see a crazy ticket hit on social media, or being talked about on ESPN. Sure, there’s always someone who wins $10,000 on a $20 parlay. But you have to keep in mind for every winner, there’s a whole lot more losing tickets that came before it.

When it comes to sports betting, you’re better off taking the slow and methodical approach. If we treat it the same way we treat our other investments, slowly building over time, you stand a better chance of being successful. This doesn’t mean we shouldn’t and can’t have fun while doing it! However, it’s important to remember that it’s a lot more fun when we’re winning!