<p>The online sports betting sphere is showing no signs of slowing down. Even though the global economy continues to shrink, the biggest online sports betting sites keep on growing. With them, so are their supported betting markets whose numbers are higher than ever before.</p>
<p>Nowadays, not only can you bet on the outcome of a given match, but on all sorts of in-game events too. Live betting is also getting lots of traction, and the same can be said about parlay bets.</p>
<p>The latter is what we’ll be focusing on in this blog. A parlay bet AKA an accumulator is an advanced bet type that consists of several lines/events packed into a single bet slip.</p>
<p>These bets are popular among experienced bettors because of their high potential returns. But, they’re not for the faint-hearted as the added risk often outweighs the potential returns.</p>
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<h2 style="text-align: center;">What are Parlay Bets</h2>
<hr />
<p>Before we venture any further into the discussion, here’s what you need to know about parlay bets in online sports betting:</p>
<h3 style="text-align: center;">Parlay Nomenclature</h3>
<p>Let’s get one thing clear right off the bat – parlay bets and accumulators are the same exact thing. Yep, they’re exactly the same. Parlay bet is a term often used in the USA, while accumulators are the go-to term for European bettors. In some countries/areas, these bets are referred to as “cumulative bets” or “multi bets”.</p>
<h3 style="text-align: center;">Definition of a Parlay Bet</h3>
<p>But, what exactly is a parlay bet? It is just another prop or is there more to it? Well, here’s a definition taken from Investopedia that ought to shed some light on the topic:</p>
<p><em>“In sports betting, a parlay bet is when a bettor makes two or more bets and ties them together into one bet.”</em></p>
<p>The thing is – if you miss just one of the bets within your parlay, your parlay is done and dusted. Parlays leave no room for error!</p>
<p>That said, they are not to be mistaken with system bets that leave room for errors but drastically cut down on the potential returns.</p>
<h3 style="text-align: center;">Types of Parlay Bets</h3>
<p>Depending on the number of lines they consist of, types of parlay bets are as follows:</p>
<ul>
<li><strong>Doubles</strong> (two lines)</li>
<li><strong>Trebles</strong> (three lines)</li>
<li><strong>Quadruples</strong> (four lines)</li>
</ul>
<p>Anything past four lines is typically called an accumulator or a parlay bet.</p>
<p>Depending on the type of betting lines they consist of, parlay bets can be the following:</p>
<ul>
<li>Moneylines</li>
<li>Point spreads</li>
<li>Over/unders</li>
<li>Pleasers</li>
<li>Teasers</li>
<li>Futures</li>
</ul>
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<h2 style="text-align: center;">How to Place a Parlay Bet</h2>
<hr />
<p>Here’s a quick step-by-step guide on how to start placing parlay bets on online sports betting sites:</p>
<ol>
<li>Register at an online bookmaker</li>
<li>Deposit some money using your preferred payment method</li>
<li>Find your desired sports betting markets</li>
<li>Start adding lines to your bet</li>
<li>Once you add two lines, the name will change to “doubles”</li>
<li>Once you add three lines in total, the name will change to “triples”</li>
<li>If you add four or more lines, the name will change to “accumulator”</li>
<li>Enter the amount you’d like to stake</li>
<li>Confirm your bet by clicking on “Bet Now”</li>
<li>That’s it – you’re all done!</li>
</ol>
<h2 style="text-align: center;">Pros and Cons of Parlay Bets</h2>
<hr />
<p>Parlay bet, just like every other bet type out there, has its fair share of pros and cons. Let’s check them out:</p>
<h3>Pros</h3>
<ul>
<li><strong><span style="color: #339966;">High payout potential</span></strong>
<ul>
<li>Parlays have massive payout potential due to the fact that all odds within a parlay are multiplied with each other.</li>
</ul>
</li>
<li><strong><span style="color: #339966;">High-risk high-reward</span></strong>
<ul>
<li>High risk is what these bets are all about. If you’re looking for online sports betting options with high-profit potential, look no further than this.</li>
</ul>
</li>
<li><strong><span style="color: #339966;">The thrill of the chase</span></strong>
<ul>
<li>Nothing beats the good old thrill of the chase. Parlay bets offer unparalleled betting satisfaction, unlike any other bet type out there.</li>
</ul>
</li>
</ul>
<h3>Cons</h3>
<ul>
<li><strong><span style="color: #ff0000;">Lower likelihood of winning</span></strong>
<ul>
<li>Looking at the grand scheme of things, due to their risky nature, parlays have a much lower likelihood of winning.</li>
</ul>
</li>
<li><strong><span style="color: #ff0000;">Singles offer more control</span></strong>
<ul>
<li>With singles, you have full control of your bets. With parlays – all lines have to go through, otherwise you’re looking at a loss.</li>
</ul>
</li>
<li><strong><span style="color: #ff0000;">Requires complex research</span></strong>
<ul>
<li>Parlay bets require a more complex research workflow that’s going to be a deal-breaker for many bettors</li>
</ul>
</li>
</ul>
<h2 style="text-align: center;">Tips for Maximizing Your Profitability with Parlays</h2>
<hr />
<p>Thanks to their high-risk high-reward nature, accumulators are an inexhaustible source of betting entertainment. But, just because they’re entertaining doesn’t mean they’re not profitable.</p>
<p>If you’re willing to invest time and effort into your online sports betting sessions, maximizing your parlay profitability is far from mission impossible. The following three tricks ought to help you out:</p>
<h3 style="text-align: center;">Understanding How Parlay Odds and Payouts Work</h3>
<p>To maximize your profits with parlay bets, first, you need to understand how their work. As mentioned earlier, parlays AKA accumulators consist of several bets within one betting slip. Each of the bets has to go through for the accumulator to win. If you lose just one, it’s game over. Better luck next time.</p>
<p>That said, accumulators are risky. Incredibly risky, come to think of it. But, before you write them off, you need to understand how their payouts work. You see, each of the lines is multiplied by the others, which exponentially increases the potential profit.</p>
<p>Here’s an example of what we’re referring to:</p>
<ul>
<li><strong>Team 1:</strong> +150 (meaning a $100 bet will pay out $150)</li>
<li><strong>Team 2:</strong> +130 (meaning a $100 bet will pay out $130)</li>
<li><strong>Team 3:</strong> +200 (meaning a $100 bet will pay out $200)</li>
</ul>
<p>This gives us:</p>
<ul>
<li><strong>Total wagered:</strong> $300</li>
<li><strong>Total potential profit:</strong> $480 ($780 in total)</li>
</ul>
<p>To calculate the payout of a parley bet consisting of these three lines, we need to multiply the odds for each of them:</p>
<ul>
<li>(+150 x +130 x +200) = (2.5 x 2.3 x 3) = 17.25</li>
<li>25 x $100 = $1,725</li>
<li>$1,725 is the total return of this parlay bet.</li>
<li>That’s $100 wagered plus $1,625 of pure profit.</li>
</ul>
<h3 style="text-align: center;">Nothing Beats Research</h3>
<p>If you’re familiar with the odds and payout complexity behind parlay bets, it’s time to tackle the actual problem – your bet selection.</p>
<p>Which bet to go with? Is the moneyline still the undisputed king of online betting? What about props – they ought to possess some value, right?</p>
<p>The first thing you’ll have to do is figure out which matches you’ll be betting on. After you scribble that down, it’s time to start research. Depending on the sport you’re betting on, the topics of your research will be slightly different. But, here’s a rough list of what you should pay attention to:</p>
<ul>
<li>Suspensions</li>
<li>Injuries</li>
<li>Potential lineups</li>
<li>Tactical matchups</li>
<li>Performance and stats</li>
<li>Latest news and developments</li>
<li>Understanding the impact of weather</li>
</ul>
<h3 style="text-align: center;">Proper Bankroll Management is a Must</h3>
<p>Last but not least – never disregard bankroll management. No matter if you’re experimenting with singles, doubles, or straight-up accumulators, the golden rule of sports betting is to always properly manage your bankroll.</p>
<p>The basics of bankroll management are fairly simple. Each month, set aside a budget for gambling and stick to it. If you spend it all, it’s game over for the month. You’ll have to wait for the next one to continue with your betting endeavors. It’s the most basic example, but one that works like a charm.</p>
<p>Of course, you should always take a portion of your winning and reinvest them into your betting bankroll, keeping the remaining amount as “fruits of your hard labor”. And remember, it’s okay to spoil yourself every now and then!</p>
<h2 style="text-align: center;">Parlay Bets: FAQ Section</h2>
<hr />
<h3>1️⃣ How do Parlay Bets Work?</h3>
<p>Parlays AKA accumulators allow you to bet on multiple events/lines in the same bet slip. But, be cautious, as you have to guess every single line correctly for your parlay to win.</p>
<h3>2️⃣ What if I Miss One Line in My Parlay Bet?</h3>
<p>If you miss one line of your parlay bet, you’ve lost the whole slip. That’s the biggest downside of parlays – they offer far superior payouts than multiple singles, but if you lose just one line, the entire slip is out of the equation.</p>
<h3>3️⃣ How do Odds and Payouts work for Parlay Bets?</h3>
<p>As mentioned earlier, parlays consist of multiple lines within a single wager. The odds and payouts are determined by each of the lines. In short, the payout is calculated by multiplying the odds of each of the lines within the parley.</p>
<h3>4️⃣ Are Parlays and Accumulators the Same Thing?</h3>
<p>Yes, accumulators and parlays are two different names for the exact same type of bet. Parlay is the go-to name for American bettors, while European bettors typically use the word “Accumulator”.</p>
<h3>5️⃣ Can Parlays Help Me Win Big?</h3>
<p>When talking about profit potential, parlays look superb. But, with high rewards come high risks. If we take that into consideration, the overall consistency of parlay betting might not be the ideal long-term solution.</p>


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