Bookmaker Parlay Rules

In sports betting, one of the secrets to success is knowing the types of bets to play and when to play it. In short, your understanding of the best and their strengths can spell the difference between a successful sports betting experience or a forgettable one. And one popular and extremely helpful type of bet that should form part of your strategy is the parlay bet. Simply put, it’s the type f sports wager that combines two or more bets into one.

Top Bookmakers in the Philippines for 2021

Bookmaker Sportsbook Honest Review Updated on November 11th by GamblersPalace.com contributors. What's a Parlay Pick A Parlay is a Bet that Contains 2 to 12 Selections that are Linked Together to Provide a Higher Potential Payout. If one or more of the Selections Loses, the Entire Bet is Lost. More on Parlay Payout. Thursday, March 4th, 2021 Detroit Red Wings at Carolina Hurricanes - Carolina -1½ (-120).

As part of the parlay bet meaning, you can combine different types of bets in one ticket. For example, you can throw in totals, point spreads, money lines, futures, or even prop bets in a single ticket! The only requirement here to play the wager is to ensure that all your bets cover different sports games.

Why Should You Play the Parlay Betting Strategy?

Each type of sports bet has its pros and cons, and it’s true with the parlay bet. As indicated in the parlay meaning, you can place combine multiple bets in a single ticket. This makes the wager a lucrative option for punters looking for a larger payout. However, there’s a catch when relying on parlay gambling. For you to win the parlay bet, you need to make sure that all component bets in the ticket will win. If one ‘leg’ of the wager loses, you lose your whole parlay bet. In short, this type of sports wager requires careful planning and access to information and scores. You should be confident in all your selections for this bet to work for you.

Aside from the bigger payouts, the parlay bet also offers improved flexibility for the punter. As part of the parlay rules, you can combine multiple events or sports on the same ticket. For example, you can include a football match, tennis singles, or am NBA parlay basketball game bet. Under the rules, if they all win, the parlay bet wins!

Placing Your Parlay Bet

Bookmakers today now offer their punters a convenient way of submitting wagers. This also applies to the submission of your parlay bet online or offline. If you’re betting in a physical retail bookmaker, you can tell the ticket writer directly the teams and totals that you want to bet on, including the amount of wager. Another option is to use the parlay cards which you need to fill out and submit to the counter. But if you’re placing your bets in an online sportsbook, the process is quick and more convenient. Online sportsbooks today use a Bet Slip where you can full up with your bets with just a few clicks. In an online betting slip, you will instantly notice the expected payout that you can collect in case you win all your legs in the accumulator or parlay.

If you play the parlay bet, there’s a big chance that one of your bets ‘pushes’. A push in your picks and parlays happens when the spread or total bet you make is similar to the one posted by the bookmaker. Let’s assume that the totals are 47. If the combined scores for both teams is exactly 47, then you will get your wager back since neither the over nor under won or lost. Under the parlay formula, this bet is then removed from your card as if it was not included in the first place. However, you still need to win all the other legs on the ticket to win the parlay bet.

A Few Words About Parlay Bet

Many sportsbooks advertise this type of bet to force punters to be perfect in their selections, which is difficult to do. But this doesn’t mean that you should skip this type of wager. You can still create a winning parlay system by handicapping each game you want to include. Also, it can help if you review the tips and predictions that are often advertised by experts online. Due diligence is important if you want to be successful in this type of betting system.

FAQ

❓ What is a parlay bet?

Bookmaker Parlay Rules

This type of bet involves combining several types of bets in one ticket.

🤔 What are the types of bets I can include in a parlay bet?

You can use almost all types of bets in your parlay ticket provided that they represent different events or sports. For example, you can throw in Moneyline, totals, futures, or even prop bets.

📑 What happens if one of the legs in my parlay bet ends in a push?

If this happens in one of your legs, the sportsbook operator will remove this entry from your ticket and treat it as if it’s not included in your original selection. However, you still need to win all remaining legs in the parlay ticket to win a payout.

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Parlay betting lets bettors familiar with money lines go one step further and double, triple etc. their excitement as well as their potential winnings.

Overview
Parlay betting is a variant of straight betting that brings more thrills and offers the chance for greater winnings. A parlay is a bet on at least two wagers in which you win only when all your selections win their games. Since in a parlay bet wagers are linked – if one wager loses you lose, regardless of what wagers do – the risks are far higher than in money lines. But so are the possible winnings.

Rules
When one of the games on which you wagered ends in a draw, bookmakers declare it a no action (also know as a “push”). In this situation, unless otherwise mentioned, bookmakers consider for the payout only the remaining events you wagered on, disregarding the draw. This applies regardless of the number of events you bet on. (When you parlay on only two teams your bet becomes a normal win/loss bet.)
Bookmakers don’t allow parlay bettors to bet on linked events. For example, you cannot wager on the outcome of the first half of a soccer match as well as on the final result of the match on the same ticket because both wagers are linked.

Example
To illustrate how parlay betting works here’s an example about three imagined Champions League matches. As a bettor, you use parlay betting to wager on a team in each match, in a connected bet, and have the chance to win considerably more than if you would bet individually, on separate tickets.
Home Team Away Team Home Win Draw Away Win Result
Chelsea F.C F.C. Barcelona 1.3 2.4 2.2 0-1
Manchester United Juventus Torino 1.4 3.3 2.6 0-2
Inter Milano Real Madrid 1.4 2.1 1.9 2-1

Bookmaker Parlay Rules Game

To win you should have chosen F.C. Bacelona to win its away game, Juventus Torino to win its away game, and Internazionale Milano to win its home game.Assuming that you have indeed wagered on these teams $100 then you will win $100 x 2.2 x 2.6 x 1.4 = 800,8 – $100 (the amount you wagered).

On the other hand, if your bet was on F.C. Bacelona, Juventus Torino, and Real Madrid then you would have lost because though F.C Bacelona and Juventus Torino won Real Madrid was defeated.
Suppose that one of the games ended in a tie. In that case the bookmaker would have not taken it into account; whether or not you got payed would have depended entirely on the outcome of the remaining two matches. If one of those two matches also would have ended in a draw, then only the remaining one would count. If even this one would have concluded in a draw, then you should normally get a refund or the chance to play a new ticket.

Bookmaker Parlay Rules Meaning

Notes
Parlay betting is one of the most exciting forms of betting as well as one of the most rewarding. However, if you’re a new bettor you should stick with straight betting for a while, until you learn more about how the betting world works. With parlay betting you can lose a lot of money in a short time, and this can be discouraging when you’re new on the scene.