5dimes Eu Sportsbook
The 5Dimes sportsbook lists each of the major sports, such as soccer, football, basketball, baseball, tennis, etc. Individually, where you can select the league you wish to bet on and more. However, there is also a dedicated other sports section where they list Politics, Horse Racing, eSports, Spelling Bee, Volleyball, Handball, Snooker, Lotto. 5Dimes.eu History: 5Dimes is a renowned online betting website that features racebook, casinos, poker and lottery as well as various other skill based games. The 5Dimes design is at least 15 years old, with a betting interface that resembles Excel and complete with an animated logo for crying out loud. The 5Dimes bonuses are stingy compared to the bigger sportsbook names. The 5Dimes navigation is confusing and there isn’t even a search function to find games by team name. Free NCAA Basketball Picks archive, gambling advice with betting predictions, sportsbook reviews, wagering tips and CBB analysis. The United States Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. It is prepared by the Office of the Law Revision Counsel of the United States House of Representatives.
When you first visit 5Dimes official homepage, you may instinctively feel suspicious or that your money is prone to disappearing. It’s a valid concern–if you were to judge the site only on aesthetics. The way 5Dimes is laid out, it doesn’t come across all that professional, but 5Dimes is actually one of the most trusted online sportsbooks around today.
5Dimes has been up and running since 1999 and has obtained an overwhelmingly positive track record within the gaming industry and amongst players.
Sportsbook at 5Dimes
Players Accepted: United States, Canada, All Others Except Below
Players Not Accepted: France, Portugal, Hungary, United Kingdom, Ukraine
The sportsbook at 5Dimes is very thorough. As indicated above, the site itself isn’t the best in terms of layout and navigation, but the content and information are extremely well put together and easy to understand.
The biggest selling point to 5Dimes is found in its namesake. 5Dimes references the 5 cent lines that are offered on its bets, as compared to the 10 cent lines that are offered by the majority of sportsbooks. For example, instead of a game being Team Red at -110 vs Team Blue at -110, 5Dimes would post Team Read at -105 and Team Blue at -105. Needless to say, this discounted pricing on the vig charged will add up, whether you are a frequent or small-time bettor.Prior to creating an account, 5Dimes provides access to an info section that explains each sport they have to offer, general rules, wager limits, live in-play, live betting, and even provides examples that help you fully grasp the information and available wagers. They also have comprehensive sections on the sportsbook rules and wager types/payoffs so that you can fully understand the rules and regulations of their sportsbook prior to making an account or any type of wager.
Upon making an account, you will be greeted by an easy to learn interface. One drawback to 5Dimes is that you actually have to create an account in order to view their lines, games available etc. Also, 5Dimes requires you to click around the site a few times before you actually get to the screen where the lines and bets are posted. Despite the layout, the book itself has all major sports including baseball, basketball, football, and hockey. In addition, bettors will find a surprisingly dynamic selection of soccer events to wager on as well.
Reputation of 5Dimes
World Casino Index Reputation Rating: 5/5
There is a reason why 5Dimes has been online since 1996 and that is because it has a longstanding history of being fair and reputable. 5Dimes receives favorable reviews and praise from US-based players as it is one of the top sportsbooks currently servicing the United States.
With that said, 5Dimes has had a few instances that have attracted unwanted negative attention. In 2016, they told their US-based customers to purchase Amazon gift cards at retail store locations in cash so that they could fund their 5Dimes accounts. 5Dimes recommended this to their players in an attempt to circumvent the US financial system. They also offered bonuses in the form of Amazon gift cards and even offered to pay out players using Amazon gift cards.
The US government found enough evidence to file a motion to seize various Amazon accounts believed to have been associated with 5Dimes, which held approximately $159,000 in funds after nearly $2 million had already passed through and been processed.
Even though they encouraged players to use gift cards, the action itself did not yield any negative consequences for players who participated. Otherwise, in general, 5Dimes has maintained a positive reputation with its players.
Sports and Leagues Offered at 5Dimes
Primary Sports Offered: Baseball, Basketball, Football, Hockey, Soccer, Tennis
Other Sports Offered: Auto Racing, Boxing, Competitive Eating, Cricket, Darts, Golf, Handball, Martial Arts, Rugby, Snooker, Volleyball, Wrestling
Not Offered (or not listed): Entertainment
5Dimes has one of the better selections of sports for online sportsbooks. Including major sports such as baseball, basketball, football, hockey, soccer, and tennis.
They also have auto racing, boxing, cricket, darts, golf, martial arts, snooker, and handball along with many other non-major sports. In fact, they don’t even classify these sports as other sports and have a separate section for other sports including eSports, horse racing, volleyball, and more.
Simply put, 5Dimes has just about any professional sport you can think of and offers bets on all of the major soccer leagues around the world. Their selection is virtually unmatched in comparison to other online sportsbook and is the recommended choice for those are who are interested in non-major sports.
Baseball at 5Dimes
5Dimes offers lines of baseball and softball at both the professional and collegiate level. In the past, they have offered action on the Little League World Series, a youth baseball tournament in the United States, as well.
Basketball at 5Dimes
Basketball is one of the more popular sports in the world and 5Dimes has definitely taken the sport’s international popularity into consideration. In addition to the NBA, they offer action on league games in Argentina, Brazil, Czech Republic, France, Greece, Italy, Japan, and other international clubs. You can also choose to wager on WNBA and college basketball games. If you are an avid bettor of basketball 5Dimes is an excellent sportsbook option.
Football at 5Dimes
Football betting on 5Dimes is pretty straightforward. The offer you the chance to bet on both NFL and college football games. As is the case with most of the major sports there are additional lines for prop bets and futures.
Soccer and Other Sports at 5Dimes
If there is one sport that is king on 5Dimes, it is soccer. They have one of the best, if not the best, online sportsbooks for soccer. You can expect to see lines from leagues around the world including North America, South America, Europe, Asia, as well as lines for major league and international tournaments that occur on a yearly or semi-yearly basis.
Other than soccer 5Dimes offers boxing, hockey, horse racing, martial arts, and racing. The overall sports selection found on 5Dimes is bound to meet your needs.Live Betting
5Dimes offers live betting for most sports including soccer, basketball, football, hockey, and tennis. There are two specific options for live betting – Live Betting Ultra and Live Betting Extra.
Live Betting Ultra often offers live period, quarter, and halftime lines, point spreads, even or odd props, moneylines, game totals, and more. While the actual content and information are thorough and clear, the interface is not the best. You will have to click multiple buttons and go through a few screens until you are presented with all the available bets for just one game. Live Betting Ultra is best used when you are on a desktop or laptop.
Live Betting Extra offers the same wagering options as Ultra but it is set up with a mobile user in mind. The information is readily accessible and the interface is tailored towards players that are using their personal devices. We would also argue the interface works well on a desktop or laptop and that it is better than Ultra in terms of navigation and layout.
Regardless of your preference, you won’t miss out on any action as the sportsbook offers the same lines on both. In terms of juice charged on live betting, 5Dimes is among the best for online sportsbooks.
Bet Types at 5Dimes
Offered: Moneyline, ATS, IF, Reverse, Pleasers, Teasers, Player Props, Futures Wagers, Select Exotic Bets, Alternate Lines & Non-Traditional Bets
Not Offered: N/A
Like most sportsbooks, you will find moneyline and against the spread (ATS) wager types on 5Dimes’ sportsbook. Other than those two, 5Dimes offers IF bets, teasers, and various combinations of parlays. Payouts and offerings for these types of bets are contingent upon the specific sport or event that is being wagered on, as well as the total number of individual wagers involved.
Future and prop bets are also available on 5Dimes. In general, these types of wagers are only available for the major sports such as soccer, football, basketball, baseball, hockey, etc. However, 5Dimes does occasionally offer futures and props for other sports and events such as volleyball, handball, and even politics.
5dimes Lines Odds
Along with Bovada, 5Dimes is one of the few online sportsbooks that offers an array of non-traditional lines and bets. Much like the future and prop bets these lines are mostly available for major sports and seem to be on a game-by-game basis.
5Dimes Mobile Sports Betting
5dimes.eu
Currently, 5Dimes does not have a standalone app for mobile. However, they do offer mobile betting through their own in-browser app. Despite the underwhelming aesthetic, the functionality is somewhat good or about average. If you have used their website then you will quickly adapt to the mobile layout.
There is no difference between the wagers offered via mobile or via the website. If you are looking for a quick and efficient way to bet on the go the 5Dimes mobile site is certainly sufficient.Sportsbook Sign Up Bonus
There are several types of bonuses available on 5Dimes, specifically for their sportsbook. In fact, they list at least eight on their rewards info page. As is true with most other online sportsbooks, 5Dimes offers new players a sign-up bonus.
Their 50% new player sign up bonus enables new players to earn up to a total of $520 in free-play rewards. If a new player deposits anywhere from $100 to $400 they will receive a 50% free-play reward, up to a total of $200. However, if the deposit is more than $400, and is up to $2000, the new player will also qualify for 5Dimes’ 20% EXTRA free-play reward in addition to the 50% new player reward.
5Dimes consistently updates their rewards page with all of their current offers, as well as their terms and conditions.
Sportsbooks Promotions
As mentioned in the sign-up bonus section, 5Dimes offers several rewards and promotions. Some of their more popular promotions include cash back rewards, point mover special rewards, and free payout rewards.
With their cash back rewards program, you can select one of the following rewards.
– Receive a 20% cash back reward on all of your overall losses twice a year.
– Receive a 15% cash back rebate on all of your overall losses once per 30 days.
– Receive a 10% Cash Back Reward on your overall losses once a week on Tuesdays.
– On any day other than Tuesday, if you choose to ask for a cash back rebate before 30 days, you will receive a 5% cash back rebate.
Additionally, on 5Dimes you have the ability to pay to move lines in your favor and choose from other rewards and promotions such as their free payout program.
Sportsbook Bonus Terms and Requirements
The terms and conditions at 5Dimes can vary depending on which bonus or offer you redeem. For example, the 50% new player sign up bonus carries a 10x rollover requirement. In other words, if you deposit $100, and earn a $50 reward, you must wager $500 ($50 x 10) before your bonus money can be withdrawn.
5Dimes structures their rollover requirements for each individual bonus. While there is a 10x rollover requirement for their 50% new player bonus, the sportsbook free-play reward only has a 5x rollover. The Rewards and Promotions page, which can be accessed via their homepage, serves as a hub for all current bonus and rollover requirement information.
Other Sports at 5Dimes
The 5Dimes sportsbook lists each of the major sports, such as soccer, football, basketball, baseball, tennis, etc. individually, where you can select the league you wish to bet on and more. However, there is also a dedicated other sports section where they list Politics, Horse Racing, eSports, Spelling Bee, Volleyball, Handball, Snooker, Lotto, Futures, and Competitive Eating.
Despite being listed under others sports, each of these categories has their own betting page much like the main sports listed. The main difference is the variety of bets and leagues available for the other sports relative to a sport such as soccer, where 5Dimes has leagues over 30 countries.
If you are an eSports fan, you’ll be pleased to know that 5Dimes has recognized this as one of the fastest growing betting markets and offers a variety of betting options on any given night. Additionally, political betting at 5Dimes offers a lot of variety and options as well. You can wager on voting outcomes and take part in various prop bets from countries all over the world.
Casino at 5Dimes
Software Platform: Real Time Gaming and Betsoft
Games Offered: Table Games, Slots, Live Dealer, Video Poker, Keno, Bingo, Scratchoffs, Lotto
Games Not Offered: N/A
In addition to being a sportsbook, 5Dimes is also a fully functioning online casino. They use both Real Time Gaming (RTG) and Betsoft to power their casino.
RTG is primarily used with 5Dimes’ Grand Casino, while Betsoft is used with their Jackpot Casino. You will find over 200 casino games inside the Grand Casino, including eight variations of Blackjack, 90 online slot games, Baccarat, Craps, Roulette, and more. The Jackpot Casino offers several video poker choices, 3D slots, Keno, and more.Slots at 5Dimes
Number of Slots: Over 120
Min and Max Slot Bets: $.25-$200/spin
At 5Dimes, you will find both classic reel slots and video slots, mostly from RTG, but you will also find 3D slot games and progressives. If you are a casual to semi-frequent online slot player, you will probably find that 5Dimes is a reasonable choice for online slots.
However, if you are an avid online slot player you may find that other online casinos offer more and could be a better choice. Nevertheless, the option to play online slots at 5Dimes, which is known for its sportsbook, can certainly be considered a bonus feature.
Table Games at 5Dimes
Table Games Offered: American Roulette, Baccarat, Blackjack, Caribbean Draw Poker, Caribbean Hold’em Caribbean Stud Poker, Craps, Draw Hi Low, European Roulette, Let ‘Em Ride, Oasis Poker, Pai Gow Poker, Pirate 21, Red Dog, Red Dog, Ride’m Poker, Texas Hold’em Bonus Poker, Tri Card Poker, Triple Edge Poker, Vegas Three Card Rummy, War
Table Games Not Offered: Big Six, Craps, Crazy 4 Poker, High Card Flush, Ultimate Texas Hold’em
Min and Max Table Game Bets: $1-$5,000
5Dimes has several table game options to choose from, including eight variations of Blackjack. There are also a number of table game progressives including, Caribbean Stud Poker and Let ‘Em Ride.
Overall, the rules of each table game are the same or similar to what you have come to expect from any other online casino or a brick and mortar casino for that matter. It is recommended you read the rules outlined by 5Dimes and properly understand the game prior to playing.
Live Dealer Games at 5Dimes
5Dimes offers live dealer games 24 hours x 7 days x 365 days per year. With the option to chat live with the dealers and the ability watch gameplay unfold before your eyes, live dealer games are an appealing choice for many players. 5Dimes offers live dealer games for Blackjack, Blackjack Early Payout, Baccarat, Super 6, and Roulette.
Mobile Casino at 5Dimes
Much like the layout of the web version, 5Dimes’ mobile casino is a bit underwhelming in terms of functionality and aesthetic. However, you will still have access to play slot games, table games, video poker, and bet on sports. The 5Dimes mobile casino would not be our first pick for mobile gaming, but it does enable you to play on the go and if you are looking for just simplicity than 5Dimes’ mobile casino should be sufficient.
Casino Sign Up Bonus at 5Dimes
5Dimes does not clearly state or offer a new player sign up bonus for casino players. Their rewards page does offer a variety of incentives such as a casino rebate program, and a cash back reward but there is no casino sign up bonus provided.
Casino Promotions 5Dimes
As indicated above there are a few promotions available for casino players. In addition to the rebate and cash back rewards programs, 5Dimes offers the below promotions for casino players.
– 100x Craps on Thursdays
– 2 to 1 Blackjack Blow-Out Fridays
– All Red 5-5-5-5 Bonus Casino Games
– Bonus Baccarat Zero Mondays
– Mad Bonus Casino Promotion (up to 100% Bonus)
– Radical Roulette Wednesdays
– Reversed Commission Pai Gow Tuesdays
5Dimes typically offers promotions and bonuses centered around certain games, for example, Blackjack Baccarat, and Pai Gow. With their Baccarat promotion, all you have to do is play during a certain time on Monday to take advantage of better payouts. With any promotion, it is always best to check the terms and conditions page to see if the promotion is still active and if there are any particular requirements to note.
Casino Bonus Terms and Requirements
The casino terms and requirements for 5Dimes’ casino promotions and bonuses are necessarily as clear as they can be. We recommend you contact their live support if you have any questions after reading their Rewards and Promotions page. Also, as they typically change it is recommended that you read the information available and/or ask any questions prior to playing.
Poker at 5Dimes
Network: Grand Poker Network
Other Skins on Network: N/A
We were pleased to find that despite not being known for poker, 5Dimes does offer an online poker room. However, if you are looking for a viable option with a lot of players and game types, 5Dimes is not recommended.
They are part of the Grand Poker Network, which is one of the least active networks, and not to mention the site itself is a bit confusing to navigate. Nevertheless, if you are keen on playing poker at 5Dimes you can choose from Cash Games, Tournaments, and Sit and Go’s.
5Dimes Poker Client
To play poker on 5Dimes, you can access the Grand Poker Network client, which is free for both Mac and PC. Once you download the client you will find that it is pretty easy to navigate. The client is also fully accessible via mobile for iOS and Android, and there is also an instant play option (via Adobe Flash Player) with no download required.
5Dimes lists the basic requirements needed to acquire the client, but for the most part, you will just need a good Internet connection, up-to-date software, and a few hundred megabytes of memory on your device.
Poker Cash Game Stakes
The active stakes in cash games at 5Dimes typically range from $0.02/$0.04 all the way up to $5/$10 with minimum buy ins of $400. In general, micro games see the most action and activity.
Poker Games Offered
Offered Poker Offered: Hold’em, Omaha, Omaha Hi/Lo
The three games running in 5Dimes’ poker room includes No Limit Hold’em, Omaha, and Omaha Hi/Lo. You most likely can find players in any game type, with options to play heads-up, at a six-seat table, and at a 10 seat table.
Bad Beat Jackpot and Other Poker Promos
There is a Bad Beat Jackpot available at 5Dimes, however, it is only for certain tables so be sure to carefully read which tables are specifically marked. In terms of other poker promotions and rewards, 5Dimes uses a points-based system entitled Grand Poker Points.
You can acquire Grand Poker Points by playing Cash Games, Tournaments, and Sit And Go’s. 250 Grand Poker Points are credited to your account for every $1 that has been contributed in Rake. One great thing about their point system is that the rewards points do not expire and you can collect your rewards at any time. 5Dimes’ Grand Poker Points exchange will convert your points to cash at a rate of 35% rakeback.Customer Support at 5Dimes
Customer Support Options: Live Chat, Email, Phone (24/7)
By far the best support option at 5Dimes is their live support. With one click of a button, you are able to chat live with a customer support representative without waiting. We highly recommend utilizing this feature for inquiries that need to be answered immediately, but the support reps will answer general questions as well.
The other two forms of contact include email and phone, both of which are helpful and easy to use and navigate. No matter which option you choose you will definitely receive adequate support from 5Dimes and their customer support team.
Deposit and Withdrawal Options at 5Dimes
Minimum Deposit: $25
Maximum Deposit: $9,500 (No Limit on Sportsbook Transfers)
Deposit Methods: Account to Account Transfer, Bank Wire, Bitcoin, Cashiers Check, Credit/Debit Card Deposits, Money Order, Person to Person, Sportsbook Transfer
Withdrawal Methods: Account to Account Transfer, Bank Wire, Bitcoin, Cashiers Check, Credit/Debit Card Deposits, Money Order, Person to Person, Sportsbook Transfer
At 5Dimes, you can deposit and withdrawal via a variety of methods. Below is a breakdown of the minimum and maximum amount allowed per method, along with the waiting period and fee associated with each withdrawal transfer. All deposits are free, except Money Order and Person to Person. You must contact a customer service representative to discuss the fees associated with those two deposit methods.
– Account to Account: Min. $50; Max. Not Stated; Instant transfer with no fee
– Bitcoin: Min. $25; Max. None; Instant transfer with no fee
– Check: Min. $1,000; Max. $7,500; Two day waiting period with a $40-$80 fee
– Credit/Debit Card: Min. $100; Max. $2,500; Under 24 hours for a transfer with card specific fees
– Money Order: Min. $1,000; Max. $9,500; Three day waiting period for an $80 fee
– Sportsbook Transfer: Min. $500; Max. None; Same day transfer with no fee
– Person to Person: Min. $100; Max. $2,500; Up to 24 hours for a transfer and you must call for fee details
In order to process payouts, you must verify your account with 5Dimes before you submit your payout request. Otherwise, the deposit and withdrawal process at 5Dimes is quite standard and easy to learn and use.
Related Posts:
A parlay bet is a popular form of sports wagering most gamblers are familiar with. In case you’re not, this bet is rather easy to understand. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win.
To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7. If your bankroll is limited to just $100, using straight wagers you’d make four separate bets of $25 to win $22.73. If you we’re feeling both lucky and in the mood to gamble, you might instead bet them all together as a four team parlay. Under the parlay option, the stakes would be $100 to win at least $1,000. To win, you’ll need to go 4-0; if one or more games push while all others win, the payout is reduced, and with any other outcome, the bet is a loss.
What happens if there’s a push in a parlay? That bet will be taken out of the parlay and the payout will be reduced as if there were one fewer team in the parlay. So if you had a 4 team parlay and you got three picks cocrrect and the other was a push, you would be paid out the odds of a 3 team parlay.
Parlay bets can be very tempting as they can offer some big payouts. See a recent parlay Kevin made at 5Dimes.eu and cashed in on!
Are Parlays Sucker Bets?
There is a general misconception in sports betting that all parlays are sucker bets. This is simply because most sports bettors are not familiar with how they work, or how to bet them properly. In this article, I’ll address parlay betting strategies, but first let’s look at parlay odds and how they are calculated.
The parlay odds at most Las Vegas sportsbooks are:
2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1
Online the odds are similar, though some sites such as BetNow and MyBookie offer better odds starting with three teams and up. What’s important to note is that these are fixed odds based on a 50/50 wagering proposition. If a spread is listed at Home Team -7 / Road Team +7 this is 50/50 proposition. If, instead, the spread was Home Team -7 -105 / Road Team +7 -115, this is no longer a 50/50 proposition, and the payout will be calculated using a method bookmakers refer to as “true odds”. I’ll cover that later in this article, but first let’s take a moment to understand where fixed parlay odds are derived from.
Let’s say you decide for the next eight weeks you’re going to bet the Monday night football game, starting with a $1.00 bankroll and betting your entire bankroll each week until you go 8-0 or bust. The potential win is as follows:
Week 1: $1.00 to win $0.91: If win total profit = $0.91 (Bankroll =$1.91)
Week 2: $1.91 to win $1.74: If win total profit = $2.65 (Bankroll =$3.65)
Week 3: $3.65 to win $3.32: If win total profit = $5.97 (Bankroll =$6.97)
Week 4: $6.97 to win $6.34: If win total profit = $12.31 (Bankroll =$13.31)
Week 5: $13.31 to win $12.10: If win total profit = $24.41 (Bankroll =$25.41)
Week 6: $25.41 to win $23.10: If win total profit = $46.51 (Bankroll =$47.51)
Week 7: $47.51 to win $43.19: If win total profit = $89.70 (Bankroll =$90.70)
Week 8: $90.70 to win $82.45: If win total profit = $172.15 (Bankroll =$173.15)
The reason parlays are often sucker bets shows up in this middle column. Had you bet these in an 8 team parlay, you’d only get paid 150 to one. Essentially, a parlay is no different than betting all in each time, only parlays generally pay much worse. However, you’ll notice the odds are not poor until you get to four teams, where the sportsbook has a whopping 31.25% advantage. Two teams pay a smidgen worse than the manual parlay (all in each time) option, where three team parlays pay a smidgen better. Rarely ever is a 2 or 3 team parlay a true suckers bet.
What Does a Parlay Pay?
As I mentioned earlier, fixed parlay odds vary greatly between online sportsbooks. Here is some info on which sites offer the best fixed parlay odds:
In general two team parlays pay +260, or $260 for every $100 bet. BetNow offers +264.5, and 5Dimes.eu offers +264, which is better than the +260 most betting sites offer.
3 team parlays pay 6/1 or $600 for every $100 bet. BetOnline.ag is the leader in the industry in 3 team parlay payouts.
This is the area where betting sites generally hurt the sports bettor, paying only 10 to 1, which gives them a 31.25% advantage. This can be avoided when betting at BetNow where the payout is +1228.3, or at 5Dimes where it is +1228.
Generally speaking, parlaying 5 teams or more teams is not a good idea; however, for sports gamblers looking for a lotto ticket, 5dimes.eu and Bookmaker.eu each offer up to 15 team parlays and have by far the best odds in the business on these.
How much does a 15 team parlay pay? A 15 team parlay will pay out over +16,000. I just tested this out and a $1 15 team NFL parlay at -110 odds will payout $16,306. Good luck hitting on that!
True Odds Parlays
1 Earlier, I mentioned fixed odds are only given when all selections are 50/50 propositions. If one side of a line requires a greater stake than the other to yield the same payout, this is not a 50/50 proposition, and the bookmaker will now use “true odds”. What’s important to note is that true odds doesn’t actually mean the “true odds” of winning. Rather, true odds pays the same as if you bet each team individually and rolled the profit forward each time, which is what I showed in the example of 8 all in bets starting with a $1.00 stake.
To calculate true odd parlays, each bet first needs to be converted into a multiplier. To do this, take what a winning ticket would return and divide it by the amount risked. For example, at -110 a $110 stake returns $210 ($110 stake + $100 win). Calculating the multiplier as return/risk here, we plug in 210/110, which means the multiplier is 1.91. If we did the same on -115, the multiplier is 215/115=1.87.
Let’s say you’re in the mood to gamble on an 8 team parlay, but the only out available to you is a bookmaker paying 150-1 fixed odds. A trick of the trade here is to include one bet that is priced differently than -110 in order to force the bookmaker to use true odds. So, let’s say you make 7 selections priced at the standard -110 pricing and one at -115. A true parlay calculates by multiplying each modifier together. The math is 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.87, which equals 173.41. This bet returns 173.41 times the stake, which includes the risk amount, so the bet is 1 to win 172.41. Notice this is significantly better than the fixed odds payout of 1 to win 150 on an 8 team parlay. In short, the trick of the trade when dealing with poor fixed odds is to simply add one team to the parlay that is priced differently than the standard -110.
As you can now see, if you know how to bet parlays properly, they are not always sucker bets. There are, however, a few reasons that parlays are generally not a good move. I’ll cover these, and then cover the times it does make sense.
5dimes Betting Site
Top Reasons to Avoid Parlays
1) Progressive betting systems are generally regarded as poor strategy for both bankroll management and bankroll growth. Professional bettors make wagers based on their quantified edge per game. While the math can work out, doing the math for proper bet sizing on a parlay is a lot of added work with little to no upside for most sports bettors.
2) Parlay bets have higher variance than straight bets. Here you’re getting the same odds, but your chance of hitting a dry spell is greatly increased. When the odds are the same it is most often better to go with the lower variance option, which in this case is straight wagers.
3) Line Shopping – Sports bettors maximize their profit by always shopping for the best price. For example, finding -4 when other sites are -4.5, and finding reduced vig options such as -104 instead of -110. When betting parlays, you’ll need to find the most favorable odds for each team at a single betting site. This scenario is rare, so generally you’ll end up with better odds by making straight wagers at multiple betting sites.
Parlays That Make the Most Sense:
Reduced Juice – BetOnline.ag offers 6.5 to one on three team parlays. This comes out better than betting sides at the -105 price standard reduced juice sports books offer. In sports such as NFL football where 50/50 wagering propositions are common, a sports bettor gets far superior odds by betting 3 team parlays at BetOnline.
Correlated Parlays – If a bookmaker was offering betting lines on both “will it be cloudy today?” and “will it rain today?”, if allowed, you’d be much better off betting either both as no, or both as yes, in a parlay bet as opposed to straight wagers. While this is a simplified example, there are plenty of times when outcomes are correlated in sports betting. For example, a handicapper might determine that if one team covers the spread, the game is more likely to go over or under the posted total. Also, during the final week of the NFL season, a certain team winning or losing the day game might result in a previously important night game now having no meaning in the playoff race.
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Free Play Bonuses – Several online betting sites, for example BetNow, offer players free bets based on the size of their initial deposit. Free play bonuses are not the same as cash. The difference is that a bet made with cash returns both stake and win, where a bet made with a free play returns only win. Parlays allow you the chance to use the same free play more than once, because a parlay really is only a wager that continues to place stake+win on the next selection. Remember, fixed odd three team parlays pay a little better than true odds. So when using free plays to bet 3 team parlays, you’re getting slightly better odds, and also a chance to apply that free play stake to three different bets. This is common knowledge that 3 team parlays are a great use of free play bonuses.
Circumventing Betting Limits – I’ll warn you upfront that betting sites do not take kindly to this, and it might get you banned. The basic idea here is, say you find a parlay with monster value in a small market with low betting limits. Let’s say a woman’s field hockey line opens at +150 when it should be +100. Here making ten unique two-team parlays, using the +150 bet with a random -110 each time might be advantageous, as on average you’ll get down 5 times the max bet. At -110 juice the expected ROI is less, but to get the maximum amount down on line of significant value, it might make sense. While personally I rarely use this strategy online, I do attempt to get away with it in Las Vegas from time to time. This takes a little bit of acting, such as starting to walk away from the cage and then saying wait, also give me… Know this: It is a trick of the trade advantage players use that is not for novice bettors.
This concludes our article on parlay betting. As a final tip: if you enjoy using parlays as a lottery ticket, www.Bovada.lv runs a $10,000 weekly parlay jackpot during football season, which is an added bonus on top of what a $5 stake pays on a 10 team parlay win. To learn more, see the promo section at www.Bovada.lv. If nothing else, this article gives you some great conversation material next time someone in the sports bar says, parlays are for suckers. Hopefully, it ends up being much more than that, adding extra winnings to your bankroll. Either way, we wish you the best of luck.
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Other Advanced Sports Betting Strategy Articles:
» Teaser Betting Strategy
» Prop Betting Strategy
» How To Get Max Value When Betting