Parlays anyone? Better think twice

[Tskware]

I almost never bet a parlay, and after reading an article in WSJ today about the rise of parlays on gambling sites, I will definitely avoid them. The takeaway is what a losing prop they are for bettors. Average profit on "normal" bets is somewhere between 6-7% or so (higher than I would have thought), but gambling sites make about 20% on parlays, making them a classic sucker bet. By way of comparison, think the take at a race track is 12-13%, which is pretty much impossible to overcome in the long run. Naturally, the gambling sites heavily promote parlays, because they are making a killing on them.

Parlay vous?

 

[Blue-ish]

Along those lines, be aware when at the casino.

Sucker Bets: 10 of the Worst and Bad Bets in a Casino

It’s always nice to avoid some of the bad bets in a casino and here’s a quick look at some of those to avoid.

www.888casino.com

 

[TOMCATS1990]

Love me some parlays

 

[secrules3]

Love me some parlays

I don't ever bet on ANYTHING other than CFB Parlays.

Love me some Parlays. Never win but those 3-9k payouts are so nice to look at until after the noon games 😱😡

 

[CapnBlubs]

What I wish people would do is record the stats and confront some of the celebrity endorsers with the terrible track record of their parlay picks (which I doubt they even actually make - probably just interns). If you're going to con people you deserve the scrutiny.

 

[satcheluk]

I almost never bet a parlay, and after reading an article in WSJ today about the rise of parlays on gambling sites, I will definitely avoid them. The takeaway is what a losing prop they are for bettors. Average profit on "normal" bets is somewhere between 6-7% or so (higher than I would have thought), but gambling sites make about 20% on parlays, making them a classic sucker bet. By way of comparison, think the take at a race track is 12-13%, which is pretty much impossible to overcome in the long run. Naturally, the gambling sites heavily promote parlays, because they are making a killing on them.

Parlay vous?

I often play 8-12 team parlays of home favorites of two TDs or more. It usually pays out +125-+200 and usually pays out. I cannot figure out basketball betting.

 

[Deeeefense]

I use money line parlays about 80% of the time. You can parlay two 6 point favorites and get about 10:11 odds your favor, whereas if you take either side on a spread bet your at 11:10. The parlay is much easier to hit and it pays more.