Parlay Bets in American Football: A Comprehensive Guide
Fancy turning a tenner into a ton? Parlay betting might just be your ticket. However, the art of combining multiple bets into one is more challenging than it seems.
If the thrill of the big win chase is what you are looking for, in this blog entry we will dive deep into what parlay bets are, why they are the best alternative for big wins with less exposure, and how to bet in the American Football season.
What Is a Parlay Bet?
A parlay bet (also known as multiple bets or accumulators) is a type of wager that consists of two or more small bets combined. To win, you must hit all the small stakes. But, if you miss just one of them, you will lose the parlay.
Suppose we have a parlay consisting of three bets. This means that you must win each bet individually to receive a payout. If you don't get one of them right, you will lose.
But here's the juicy and intriguing part: parlay bets are renowned for their higher payouts when wagering on sports.
Adding games to the accumulator may increase the risk, but the potential winnings also increase as well. If luck is on your side, you can turn a few pounds into a larger sum!
Delving into the Mechanics of Parlay Bets
Doing the math behind parlay bets can be tricky, which is why most of the time players rely on the odds expressed by the bookmaker.
In the UK, terms like doubles, trebles, and accumulators are commonly used in single-wager bets with multiple selections. These are the same as parlay bets.
Consider the following American Football bet:
- Raiders to beat the Broncos
- Giants to beat the Eagles
This is called a two-selection parlay or a double bet. For this bet to win, both the Raiders and the Giants need to win their games.
Now, let’s say the odds for the first game are 1.80 and for the second game they are 1.65.
Here’s how you’d calculate the payout for a £10 bet:
- 1.80 x 1.65 = 2.97 x £10 = 29.70
If you're placing parlay bets on American football games and want to estimate your potential winnings, you should multiply all the odds together before considering your stake.
Best Tips to Win with NFL Parlay Bets
In the betting world, the NFL season is one of the most exciting events to test your knowledge and luck.
So that you don't jump in head first with limited information, we will share with you some essential tips to swing the odds in your favor.
Limit the Number of Selections
It can be tempting to bet on loads of matches to boost the potential payout, but parlay bets are tricky to win, especially with many selections. Stick to 2-3 strong picks to improve your chances. Focus on your best bets and avoid spreading yourself too thin.
Prioritize Strong Selections
Choose your most confident selections to include in your parlay in our sportsbook section. Concentrating on these strong picks helps manage your risk. One well-chosen pick can make a big difference in your potential winnings, ensuring your tenner has the best chance to multiply.
Bet on Correlated Parlays
Look for bets that are linked. For example, if a team is likely to win, they might also score highly. Combining these bets in a parlay can increase your chances of winning.
Manage Your Bankroll Effectively
Parlay bets are high-risk, high-reward, so manage your money wisely. Spread your bets carefully and always keep it fun.
As an additional tip, make sure you fully understand NFL betting lines and odds, how they work, and how to read American football odds. If you want to bet like a pro, you can't afford to overlook any detail.
What Is the Allure of Parlay Bets?
Parlay betting offers plenty of excitement, allowing you to win big from a small investment. It's perfect for those who enjoy a thrilling gamble. However, it's not for the faint-hearted—one wrong selection can ruin the entire bet.
If you're up for some fun and the chance of a substantial payout, give football betting a try!
Just keep in mind that a single mistake means the game is over.
Why Are Parlay Bets So Popular Nowadays?
Here are some of the reasons why parlays have gained popularity in recent times.
- Big payouts: when successful, they offer some of the biggest payouts on the market.
- Challenge and excitement: because they are hard to win, they can create a sense of adrenaline even in the dullest of matches. That's why it is a great way to spice up every game without draining your bankroll.
For more insights on betting strategies and to explore other popular betting options, check out our detailed guide on what you should know before you gamble online.
Unlock Your Potential in American Football Betting!
Now that you're up to speed on parlay betting in American Football, why not give it a whirl on Trust Dice? Prepare yourself and place your bets on the upcoming American Football matches.
If you haven't signed up yet, you can snag your welcome package and enjoy a 100% bonus on your first deposit.
Let's choose your winners, and who knows, with a sprinkle of luck, you could find yourself at the 50-yard line for the next Super Bowl!
