Quick Navigation
Football parlay betting offers the potential to acquire huge profits. Many bettors also see football parlay bets as an exciting way to wager on MLS or Premier League fixtures. However, big rewards come with increased risk, and without a comprehensive parlay strategy, you can incur losses. We are happy to share our experiences, explain parlay betting strategies, and help you maximize winning payout opportunities.
- Parlay bets are a high risk but offer high reward potential.
- A well-rounded parlay strategy focuses on familiar leagues, a smaller number of legs, and statistical analytics.
- You can combine different types of bets, such as moneyline, handicap, or total bets in a parlay football strategy.
- Consider single-game props in your parlay strategy.
What Is a Parlay Bet?
Combining two or more separate wagers on one betting slip, constitutes a parlay bet. You can bet on matches from one league or mix up the selection, include fixtures from different football competitions, and use various betting markets. Parlay bets are available at the best football betting sites.
Credit: 22Bet
Each additional bet increases the potential payout because the betting odds for each wager are multiplied by the odds for the next bet. However, to win, you have to predict every bet correctly. One wrong prediction and the entire betting ticket is void.
- Chelsea – Bournemouth: Total Total Over 3.5 Goals – Odds 2.168
- West Ham United – Fulham: Handicap Handiсap Fulham (-1.5) – Odds 4.25
- Brentford – Manchester City: 1×2 Manchester City – Odds 1.645
You will get overall odds of 15.157 by multiplying all the odds for each wager. If you place a $10 stake, you can potentially win $151.
Types of Football Parlay Bets
Parlay betting enables you to include multiple bets on one ticket. Different types of parlays are available, each offering advantages and drawbacks. Having a grasp of the various parlay types you will encounter is necessary for a successful betting experience.
- Multiple Event Parlays: It’s the traditional format for parlay betting, combining two or more fixtures. You can use different betting types, including futures bets. Some sportsbooks can have a cap on the legs per parlay bet allowed:
- Same-Game Parlays: You can use multiple betting markets from the same football match on one ticket. For example, your parlay can include a Moneyline, total, and proposition bet on a player’s performance. Not every bookmaker offers same-game parlays.
- Round-Robin Parlay: The concept revolves around multiple smaller parlays with different outcome combinations. You can make a series of concurrent parlays on the same ticket, and depending on the betting slip structure, you can lose one or more legs and still make a profit.
- Progressive Parlays: This option offers partial payouts if one or more of your wagers lose. The rules for progressive parlays differ between bookies, and the number of legs in a progressive parlay affects potential payouts, with the sportsbook specifying how many losses are allowed.
- Teaser Parlay: You can adjust the point spreads or over/under totals for the selection in your favor. The tradeoff with this option is lower payouts but a higher chance to secure a win.
Football Parlay Betting Pros and Cons
Parlay bets offer an upside but are not without risk. Let’s overview the advantages and disadvantages of parlay betting.
| ✅ Pros | ❌ Cons |
|---|---|
| Increased payout potential | The probability of winning a parlay bet is low |
| Access to plenty of parlay bonuses | Delayed cashout, because all bets must settle |
| Opportunity to diversify bets | Requires more complex betting strategy |
| Flexibility to wager with smaller amounts | |
| More exciting form of betting |
Basic Football Parlay Betting Practices
The basic football betting parlay strategies are essential tips for staying safe and optimizing your winning potential when making football predictions online. You need to incorporate a basic strategy when formulating any parlay bet. Here are the key considerations:
- Perform in-depth research: Analyze football teams’ current form, stats, and injuries to make well-informed decisions.
- Bankroll management: Dedicate a budget for the parlay bets and do not chase losses. Stick to your predefined betting limits for each day or week.
- Reduce the number of parlay legs: More selections can result in higher payouts. The risk climbs with every additional leg to the parlay. Limit your number of parlay legs to reduce risk.
- Expand the scope of your betting markets: Do not focus on a single league. Make selections across different leagues, placing one betting market from La Liga, and another from MLS or Premier League.
- Compare bookies’ odds: Visit different bookmakers and examine their odds for the same betting markets. Maximize the payout potential by choosing sportsbooks with the most competitive odds for your selections.
- Take advantage of partial cash out: Some bookies offer partial cash out on parlay bets. It’s a good option to withdraw a portion of your bet when unsure about a favorable outcome.
Advanced Football Parlay Betting Strategies
Typically, if it’s complex, it gets classified as advanced, and parlay football betting can be elevated with advanced strategies. If you want to enhance potential payouts and minimize risk, explore our selection of tactics for football parlay bets.
Hedging Parlay Betting Strategy
Hedging betting means making a wager on the opposite outcome of one of your parlay legs to reduce losses or secure a profit. If you placed a four-leg parlay, and three of the legs have won, you can place a separate bet on the opposite outcome for the last leg of the parlay. This way, if the bet loses, you can recoup your stake, and if the parlay wins, you can earn some money. Timing and bet sizes are crucial factors for hedging parlays effectively.
Correlated parlays are useful if you think a strong relationship between bets exists. For example, let’s say you believe Arsenal will defeat Liverpool. You can bet on Arsenal to win the first half and another bet to win the full game. An alternate correlated parlay is to coyote a bet on Arsenal to win and cover its handicap. You can include both bets and even add a third leg to the parlay by wagering on the total. To use a correlated parlay strategy, you have to find a bookmaker allowing same-game parlays.
Same Game Parlay Strategy
You can use the same game parlay bets for non-correlated events. This strategy enables you to select promising bets within the same game. You can include props such as how many goals one team will score, which players will score a goal, and the number of yellow cards. Or you can use more conventional bets such as Moneyline, handicap, and totals.
Where to Bet on Football Parlays?
Parlay betting is a thrilling way to wager on football and potentially increase your winnings. Several strategies are available to boost your chances for a favorable outcome. However, it’s essential to read our sports betting guide before experimenting with advanced parlay strategies.
Football parlays are high-risk bets balanced out by opportunities for high-reward. The outlined strategies can be implemented on the most renowned bookies in your jurisdiction. Remember that parlay betting strategies are useful only as the skills of the bettor using them.
FAQ
What Is a Parlay?
A parlay bet combines several bets into a single ticket and only pays when all predictions are correct. If you have a five-leg parlay and one bet loses, the entire betting slip is void.
How Does a Parlay Bet Payout?
The payout is calculated by multiplying the odds for each wager in the parlay. You can use a sports betting odds calculator to find out the potential winnings for any combination of parlay bets.
What Happens if One Leg of a Parlay Bet is Cancelled?
If one leg of your parlay is canceled, your parlay will continue without that leg. The final payout is adjusted accordingly to the removed fixture.
Can I Include Totals and Point Spreads in a Football Parlay Bet?
Yes, you can include totals and handicap bets. Nearly all football betting markets are accessible for a parlay bet.
How Can I Create a Winning Football Parlay Betting Strategy?
You can use different strategies to maximize your chances of winning, but no football betting strategy can guarantee results. Use our basic strategies to bet responsibly.
️