Risk RewardThe most appealing feature of parlay betting is that it’s the only kind of sports wager that allows otakparlay you to bet on favorites to win without necessarily having to stake much money, plus it comes with an opportunity to receive a decent return. It’s undoubtedly the only sports bet that can turn a $20 bet into five-figure earnings.
Parlay cards with numerous bets on them are a bit like playing the lottery. Sure, the odds of winning are long, but you also don’t have to risk much to be in the game. And it’s that potential to hit it big that makes the whole thing worth it.
Low Risk and Potentially High Reward
Besides offering a lottery-like opportunity to make significant cash on a relatively small bet, parlays also play a vital role in increasing the recreational value of sports betting for some gamblers. For bettors that enjoy having action on the sporting events they watch, but that doesn’t have a large bankroll, parlay cards are a godsend. They provide an opportunity to have action on an entire slate of games, making all of them more entertaining to watch, without requiring any more capital.
Maximizing the Value of Handicapping
Accurately handicapping a competition is a lot of work. There are hours of data collection required with even more data analysis, research, constant refinement of your datasets, and a never-ending search for correlations between specific statistics and winning. For the gamblers that are more gifted at crunching the numbers and accurately predicting the outcome, it would be a waste to bet on which team will win only.
Parlays allow you to continue putting the knowledge you have gained to good use.
So, let’s say your statistical model generates ten-thousand simulated outcomes for a game. One bit of information you will gather from these simulations is which team wins most often if the two teams played thousands of times in an identical environment each time. But your handicapping should also show the most probable scoring output, and how the game plays out the majority of the time.
So now, in addition to having some insight into which team wins most often when the two sides compete, you also have the most common outcome regarding score. With these two answers in mind, you may parlay the moneyline bet, picking the winner, with a totals bet predicting whether the total number of points scored will be over or under the line set by the bookmaker. Essentially, if you have accurate data models, you can use them for higher returns than you’d get for strictly picking winners.
Potential for Profit Before Winning or Losing
Parlay bets also have the potential to be real investments with value, regardless if they win or lose. You may have noticed that some sports betting sites provide the ability to cash in parlay cards before they have completed. Furthermore, there are now online bet exchanges where handicappers will purchase each other’s bet tickets if they have potential.
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