Is parlay an effective betting strategy?

[Kasabus]

casino site will continue to grow and the operators will keep on living luxury lives from the loses of desperate gamblers.

this isnt true  . some casinos are now bankrupt because they loose from the gamblers  .  not all casino operators are living a good life but they are also struggling to continue thier business just like a normal business man .

That's rate, I believe casino business is a profitable one as long as you have gamblers playing in your site.
Casinos will only loss when their operating expenses is higher than the amount of income they will get, that means they have a small number of gamblers and small funds are flowing in the site.

They can't loss actually since they have the edge, and more on sportsbook since they are just a facilitator of our bets, every gambler has different bets, hence different odds are created to have some balance action .

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[jostorres]

Casinos will only loss when their operating expenses is higher than the amount of income they will get, that means they have a small number of gamblers and small funds are flowing in the site.

They can't loss actually since they have the edge, and more on sportsbook since they are just a facilitator of our bets, every gambler has different bets, hence different odds are created to have some balance action .

I don’t believe any casino site can ever go bankrupt, what expenses do they really run and moreover why will a casino site have few number of players. Maybe that casino isn’t ready for business yet or just came on board to dupe and then closes up. The number of gamblers is really high and gambling business remains the number one most lucrative business worldwide. There will always be huge traffic on all gambling sites and like you said rightly, the edge is always in favor of the sites, this means they are always on top of their game.

I don’t think there will be any strategy that will be allowed to work for any casino site, this would me loses to the sites, so they will try to prevent this from ever happening.

[efialtis]

I've won some good amount with paylay in sports betting in the past but when I start doing it in a regular basis, it seems my overall return is negative.
So my question, do you bet on parlay and why?, and what's the biggest odds you've won so far?

Parlays obviously arent an effective "strategy" - yes, you can place a parlay here and there just for fun with low stakes but if you want to make money with sports betting, you have to go with single bets... Thats no rocket science but simple maths...

[Oilacris]

Casinos will only loss when their operating expenses is higher than the amount of income they will get, that means they have a small number of gamblers and small funds are flowing in the site.

They can't loss actually since they have the edge, and more on sportsbook since they are just a facilitator of our bets, every gambler has different bets, hence different odds are created to have some balance action .

I don’t believe any casino site can ever go bankrupt, what expenses do they really run and moreover why will a casino site have few number of players. Maybe that casino isn’t ready for business yet or just came on board to dupe and then closes up. The number of gamblers is really high and gambling business remains the number one most lucrative business worldwide. There will always be huge traffic on all gambling sites and like you said rightly, the edge is always in favor of the sites, this means they are always on top of their game.

I don’t think there will be any strategy that will be allowed to work for any casino site, this would me loses to the sites, so they will try to prevent this from ever happening.

Working strategy or shall we say an exploit on cheating out the gambling system is a total BS thing to consider but there were still people who do believe that these things do exist.

Gambling is a multi billion industry which simply means that this is the most profitable business that a business owner would have and speaking about edge,they do always have that thing on the end.

About the topic, parlay is much harder on my part 3-4 games is somewhat manageable.

[barbara44]

Parlay’s are great fun if you’re putting on a small stake because you get good odds. You’re not going to win very often if you put more than 3 things in your parlay though.

I suggest if you’re a really serious gambler then stay away from them.

I do not understand the effectiveness of strategies if there are conditions attached. I always thought it’s even serious gamblers that need strategies? We must come to a point we would realize that strategies never works in any kind of gambling, be it sports, poker or dice games.

If you want to enjoy yourself and not feel frustrated in gambling is to avoid strategies and learn to depend on luck and little skills. Even skills can fail, the game is purely a game of luck and changing that aspect is out rightly impossible. What happens to the site owners? Do we really believe or think they would fold their arms and watch a strategy work for players, if it does, then how would they make their money? The earlier we erase the thoughts of using strategies in gambling out of our minds, the better for us.

[DeathAngel]

Parlays are usually a sure way to lose your money, there are too many things that have to happen to win. I do enjoy doing them though because the odds are good. I’ve won a few really nice one’s in my time but I’ve lost a lot

[stadus]

Parlays are usually a sure way to lose your money, there are too many things that have to happen to win. I do enjoy doing them though because the odds are good. I’ve won a few really nice one’s in my time but I’ve lost a lot

That's expected that we will have more loses than winnings when using the parlay method of betting, but the good thing is, one win can surpass your loses and you will end up profitable. We just need to be lucky to win our parlay bet, having 5 parlay legged or more would bring a good odds if we will only pick odds 2 and over, and I have experience a win in the past, that's why I also love this method but I always limit my bet on parlay.

[krach]

Parlay bets are not a good strategy in the long run. You are going to need to really have a large bankroll and be willing to go weeks without winning anything. Also adding bets to a parlay does not increase the value of these bets. There are many things that people overlook when making parlay bets. I have an older thread about it here: https://bitcointalk.org/index.php?topic=1845604.new#new

As well as a Parlay FAQ
https://degenbet.com/parlay-and-accumulator-faq/

Also a new FREE telegram channel where I try to hit 1$ parlays that pay at least 1000/1
https://t.me/dollarparlay

[emberbekas]

Parlays are usually a sure way to lose your money, there are too many things that have to happen to win. I do enjoy doing them though because the odds are good. I’ve won a few really nice one’s in my time but I’ve lost a lot

That's expected that we will have more loses than winnings when using the parlay method of betting, but the good thing is, one win can surpass your loses and you will end up profitable. We just need to be lucky to win our parlay bet, having 5 parlay legged or more would bring a good odds if we will only pick odds 2 and over, and I have experience a win in the past, that's why I also love this method but I always limit my bet on parlay.

Yes, if we experience win with our parlay, the profits we get will certainly be greater and it has a different taste, proud of course! But it would be nice if we did not force ourselves to always make a parlay. It would be better to make parlays only when many big teams play against small teams which mostly will give a small odds in ML. Combining such small odds into a parlay could be good.

[Golftech]

Parlays are usually a sure way to lose your money, there are too many things that have to happen to win. I do enjoy doing them though because the odds are good. I’ve won a few really nice one’s in my time but I’ve lost a lot

That's expected that we will have more loses than winnings when using the parlay method of betting, but the good thing is, one win can surpass your loses and you will end up profitable. We just need to be lucky to win our parlay bet, having 5 parlay legged or more would bring a good odds if we will only pick odds 2 and over, and I have experience a win in the past, that's why I also love this method but I always limit my bet on parlay.

Parlay will work well once you have a good knowledge with games that you are following picking selections that have a high chance of winning will multiply your earnings, and it's correct covering your loses can be quicker if you pick a good combinations, you'll need to be optimistic there's always a higher chance to earn out from this strategy if you continue  to learned selected games to place your parlay.

[virasog]

casino site will continue to grow and the operators will keep on living luxury lives from the loses of desperate gamblers.

this isnt true  . some casinos are now bankrupt because they loose from the gamblers  .  not all casino operators are living a good life but they are also struggling to continue thier business just like a normal business man .

That's rate, I believe casino business is a profitable one as long as you have gamblers playing in your site.
Casinos will only loss when their operating expenses is higher than the amount of income they will get, that means they have a small number of gamblers and small funds are flowing in the site.

They can't loss actually since they have the edge, and more on sportsbook since they are just a facilitator of our bets, every gambler has different bets, hence different odds are created to have some balance action .

Gambling sites cannot lose and always have the edge. Gamblers loses more often and even if they win few games, they may lose more games and lose all the winning amount also in the next bets. So the gambling site is always in a lot of profit.
Even strategies like Parlay are also difficult to win.

[TheUltraElite]

Gambling sites cannot lose and always have the edge.

They have an edge over the player but it is false to say that they cannot lose. Statistically the total amount won by the casino is more than they won by the player.

Gamblers loses more often and even if they win few games, they may lose more games and lose all the winning amount also in the next bets. So the gambling site is always in a lot of profit.
Even strategies like Parlay are also difficult to win.

Parlay is not a strategy. It is a option given openly to all players when placing a bet. Its more commonly seen in sports betting and other types of live betting, not EV- games. It multiplies if you manage to predict majority or all of the games as wins. It is thus not a strategy, rather a way to make the bets more challenging and rewarding.

[EdenHazard]

Parlays are usually a sure way to lose your money, there are too many things that have to happen to win. I do enjoy doing them though because the odds are good. I’ve won a few really nice one’s in my time but I’ve lost a lot

Expecting to win huge amount is the only part that i love about making parlay ... especially when you do nothing to lose which that's what i always do sofar in parlay.

Use only the money that you don't care , i mean a really extra money like when you want to withdraw 1,000 usd but There's 1,023 usd in balance then use the remaining balance of 23 usd after you make a withdrawal.

Sounds fair enough isn't it? You won't care if it lose 100 times but you'll extremely happy if the result is a win !

[maxiechesster]

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[BitcoinTurk]

I think that gambling is something entirely based on chance, so I think that the tactic you mentioned will not work long term or always. I would also like to know that it is the safe that always wins in gambling, so every tactic you apply will temporarily gain you. For this reason, I advise you not to tire yourself with developing or finding tactics, but to play gambling for pleasure. Of course, you can develop your own techniques, but the methods that everybody knows will never help you make continuous profit.

[STT]

A gambling site can always lose, even if we ignore the fact they provide a service by hosting games on servers with bandwidth, operating costs, security, staff and lots of other costs its a big possible loss to run a site.   The cost of capital investment and very obviously they need a cash float to risk every day to winners of each bet.   Any company in the world has a risk to it, so yea they can lose.    Add onto that it doesn't have to go in the favor of profits for the house, almost always the house has an advantage in every game (and still they can lose in streaks of hours or days) but as I describe some of that of costs, some of it might be promotions given out, advertising possibly and admin costs.   They dont have to make a profit but I wont disagree gambling is often very good business for those that can get customers in the door.