Parlay betting is a type of football betting where you place a single bet on two or more games at the same time. If all your selected games win, you get a higher payout. However, if even one of them loses, you lose the entire bet. This makes parlay betting a high-risk but high-reward option, especially when placing your bets on a platform like Sbobet88.
How Does Parlay Betting Work?
First, choose the football games you want to bet on. Make sure to pick wisely because parlay betting is risky. Then, go to your betting platform and select the games. If you want to bet on three games, click on all three.
Next, select the option to combine these bets into a parlay. Enter the amount you’re willing to bet and proceed. The system will show you the possible winnings if all your bets are successful. After placing your bet, watch the games and hope that all your selections win.
How Much Do Parlays Pay Out?
Parlay odds depend on the number of games you bet on and the odds set by the sportsbook. Below is a general idea of how much a parlay can pay:
2 games: 13/5
3 games: 6/1
4 games: 10/1
5 games: 20/1
6 games: 40/1
7 games: 75/1
8 games: 150/1
If any game in your parlay ends in a tie (push), that game is removed from the ticket, and your bet adjusts to the lower number of games. For example, if you placed a four-game parlay and one game ends in a tie, your ticket will become a three-game parlay.
Is Parlay Betting a Bad Idea?
Parlay betting was once considered a bad choice because some betting companies offered unfair odds. In these cases, even if a bettor won, the payout was much lower than it should have been.
Some people also make the mistake of placing very large parlays, such as betting on seven or ten games at once. The payout is huge, but the chance of winning is very low. That’s why some compare it to a lottery.
However, if you bet on strong favourites in a parlay, it can be exciting and profitable. For example, if you pick six strong teams and five of them win, you only need one more team to secure a big payout.
When is Parlay Betting a Good Choice?
There are two ways to look at parlay betting:
Some treat it like a lottery, placing bets on multiple games with small amounts of money in hopes of winning a big payout. However, this rarely works because picking multiple winners is difficult.
Others bet on a few strong favourites. If you pick two or three teams that are likely to win, you can get better odds and increase your potential winnings compared to betting on each team separately.
How to Place a Parlay Bet?
Most betting platforms make it easy to place a parlay. Simply choose the games you want, then look for the option to combine them into a parlay. The system will show you the potential payout based on your bet amount.
