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.

 

[bradyjames]

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.

This is the first argument I have ever read that makes good sense compared to straight up bet.

 

[PopesReignOverCardinals]

Parlays and scratch-offs are how I made my millions.

 

[catsfanbgky]

I play the hell out of prop bets on Prize Picks. I usually play 4/5 a night in the NBA and a few every Sunday in the NFL. Very seldon do college. But UK / Arkansas I had a 4 leg prop bet : $20 to win $200.

Amari Williams over 19.5 points and rebounds (had 33) Thanks Amari for your best effort of the year.

Otega Oweh under 17 points (scored 10) - he had been struggling lately and figured Thiero would be on him)

Jaxson Robinson over 17.5 points and rebounds (23) He has been scoring a bunch lately and he is always good for 3/4 rebounds.

Adou Thiero over 22.5 points and rebounds (scored 29) he averages 16.4 points and 6.3 rebounds and I figured he would get above his averages, UK struggles with rebounding and physical guards / SF. He ended up with 21 points and 8 rebounds.

 

[UKmatt1]

I don’t have the necessary bank roll for single bets to make me any money unless I’m thinking long term and I don’t. If I had say $2K to bet on a game I would do that. But I’m trying to win $5K off $10

 

[catsfanbgky]

I don’t have the necessary bank roll for single bets to make me any money unless I’m thinking long term and I don’t. If I had say $2K to bet on a game I would do that. But I’m trying to win $5K off $10

Good luck. LOL, not a chance in hell. $10 is one 0-2 day, or 1 0-1 day. I have 2 separate accounts. One I bet pretty serious money on games (I posted 50 or so plays in the Gambling threads this year), and another account I do for fun on Prize Picks. I deposited $200 about 3 months ago when I signed up. After a rough 2/3 days, it sits at $692. I usually play 3/4 leg bets on there, payouts range from 5-1 to 10-1.

Every now and then I will play a 4 leg "Goblin" pick (discounted player props, but pay less. A 4 leg pays 2-1 and I will throw $50 on them. Just last night I had Derrick White over 10.5 points / Alperen Sengun over7.5 rebounds / Pascal Siakam over 14.5 points / Norman Powell over 1.5 3's hit. $20 paid $110. I will also play "Demon" picks, opposite of Goblin picks, Demon marks up a players stats, hard to hit, but pays very well. I do not play them for near as much as Goblin picks (hard to hit thus risky wager. Last one I hit was on the 31st. It was a 2 leg, Durant over 3.5 3's (made 5) / Brandon Podzienski over 2.5 3"s (made 4). 15-1, $10 paid $150. I needed luck though, Podzienski only had one 3 pointer, and hit 3 in the last 7 minutes of the game. I have lost 2 Demon bets this week.

Prize Picks is a site if you really want to enjoy watching games, risk very little money. I do not try and break the bank on there, it is more entertainment. Just last night I was up until 1 AM waiting for the Pacer / Clippers game to end. The Pacer and Clippers, lol.

 

[Cleatortoises]

As an proprietor of a place that dabbled in accepting friendly wagers, we loved us some parlay players.
We announced and celebrated the winners loudly and smiled knowingly.