Is parlay an effective betting strategy?

[Lucius]

it's not just that I don't know anyone who does that , but just doing some research online will make it clear that it's either not good or it's just better to go with singles

Playing only on one sport event is without doubt the safest way to win, especially if we choose event which has only two possible outcomes. This is case with betting on tennis, chances are 50% for you as player, and 50% for bookies, but you can also get same chances if you play double chance or team will score or not, or any simliar bet.

But for such betting player need to have money, it makes no sense for me to bet $10 on odd 2.00 to profit only $10 from such bet. There is also problem with single bet, one time you win, then you lose - you are on positive zero. If you have bad luck you can play for long time and always back to beginning.

My strategy is always make profit for me in past, take for example $1000 and play max 3 events on ticket ( you have 10 chances x $100), but always bet on total odd around 10.00, so your max profit can be $10 000 ( my best score was 8 wins), and with only one winning you can get your bank back.

[1714645343]

1714645343

[1714645343]

1714645343

[1714645343]

1714645343

[1714645343]

1714645343

[1714645343]

1714645343

[iMark]

for now I am looking for good methods and strategies, which produce consistent profits.

The best method to employ in sports betting is to have discipline with your betting style and your goal should be for long term so you can use your consistency if you have or you can test if you are consistent or not if you are not yet confident with you betting style.

Flat betting is the suggestion of the professional gamblers, setting a minimum and maximum amount per bet should be done properly and with discipline you can do that.

Consistency means you win most of the time, and in order to be profitable in sports, what you have to do is just win over 50%.

I don't think there is a strategy for long-term profits, let alone consistent profit. consistent profit will not there on gambling, because luck also plays for all games, including sport betting too. the risk of parlay can be even greater, but the benefits will be much greater, right? I like parlay because of the amount of profit earned, I have ever won at odds @20 and it was very pleasing to me

[sana54210]

I think it depends on the games you put in together. When there are games with low odds like 1.06 or whatever (it happens) than putting them together is actually good idea because all alone they won't make you that much money whereas they would be multiplying with each other when you put them together.

However, if you are betting on something crazy like 4.6 or higher and want to put that in a parlay that wouldn't be a smart move, you are already risking your money anyway and putting it with others would make the other games get riskier as well, if you are certain that you will win its your decision but if its high like that I would suggest single betting as much better option.

I sometimes to parlays on NBA games for example but they are super risky because even the best team loses %10+ of their games which means if they are not on their day then you can lose but with parlay I just make sure 3-4 of the best teams get together and win that night which mostly happens and gives me a reward like I won something unlikely whereas its just regular season beasting for them.

[BTCGamblePro]

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?

Hello, this progression won’t work long term.

The only way to have an advantage in gambling  is increasing your prediction, without that, all progression will fail eventually

[ralle14]

the answer as to whether parley betting is good or bad

sometimes yes, sometimes no, like all betting. I will try and explain

 team a v team b, both have the same chance
if team  a odds are 2.1  after 8 bets you will have won (1.1) 4 times, and lost (1) 4 times-overall you have won 0.4, that is pretty simple.

now same scenario, but 8 bets where we parlay(double in uk speak), because we parlay and teams have equal chance, only 2 bets will win this time
so the result is  2.1 odds twice=4.41, 2 winning bets out of the 8, but we lose 6 stakes this time, overall a profit 0.82

If only this was allowed on most sportsbook, a lot of gamblers could be winning more but from what I know you can't parlay teams that have the same name.

I also think parlay is somewhat effective like when you've won most of the legs and usually only have one left to wait before it pays out. Instead of risking everything on the last leg I make a bet on the other team to at least lock in some profits.

[Japinat]

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?

Hello, this progression won’t work long term.

The only way to have an advantage in gambling  is increasing your prediction, without that, all progression will fail eventually

It's simple because parlay does gives lots of advantage to the sportsbook, the more leg we parlay the lower the chance of winning so you cannot make this method if you do regular betting with a decent amount.

Parlay is fun but with a small amount of bet only, believe if you'll win, you will have more satisfaction than odds like 1.90 and below.

[hahay]

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?

In my opinion it is an option or an alternative and not an effective strategy, the reason I chose to parlay is because just to get the big odds and the parlay is an alternative for me and the parlay is totally ineffective because you have to win all bets. If you are looking for effective strategies, I would prefer to bet single with intermediate odds.

[Maslate]

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?

In my opinion it is an option or an alternative and not an effective strategy, the reason I chose to parlay is because just to get the big odds and the parlay is an alternative for me and the parlay is totally ineffective because you have to win all bets. If you are looking for effective strategies, I would prefer to bet single with intermediate odds.

Both are effective to me because I've won betting on single odds and parlay odds, I just want to get some opinion from people.
Actually parlay has a less chance of winning and I know that possibility, but to win a big money could change our life.

Odds combine of x100 is big and good enough, and I know it's possible to win even with  lesser number of games in your parlay legs.
I have won at odds of x8 in one single game and imagine if we can parlay that with small odds, that would make things exciting.

[TheUltraElite]

In my opinion it is an option or an alternative and not an effective strategy, the reason I chose to parlay is because just to get the big odds and the parlay is an alternative for me and the parlay is totally ineffective because you have to win all bets. If you are looking for effective strategies, I would prefer to bet single with intermediate odds.

I see if you are confident, then go for the parlay, if you are willing to take the risk.

For any gambler who are by nature impulsive, the parlay option is a profitable one so it seems. They often become overconfident and want to make a huge profit off some small balance so they go for all those bets which have their favorite player and bet on them. These commonly end up in a drastic busting but they really dont care because they are addicted gamblers.

[Ziskinberg]

In my opinion it is an option or an alternative and not an effective strategy, the reason I chose to parlay is because just to get the big odds and the parlay is an alternative for me and the parlay is totally ineffective because you have to win all bets. If you are looking for effective strategies, I would prefer to bet single with intermediate odds.

I see if you are confident, then go for the parlay, if you are willing to take the risk.

For any gambler who are by nature impulsive, the parlay option is a profitable one so it seems. They often become overconfident and want to make a huge profit off some small balance so they go for all those bets which have their favorite player and bet on them. These commonly end up in a drastic busting but they really dont care because they are addicted gamblers.

Being addicted is another story, every gambler can have their own betting style and that includes parlay.
I think constantly betting on parlay will not make a gambler prone to become addicted as we are just risking a small amount of money here to win big.

Based on my experience, it would not affect me much if I just loss a small amount of money compared to betting a decent amount for odds 1.90 average.
I can put 10 usd for a parlay and expect 100 dollar win, if I lose, it's alright as I understand that the chance of winning is low and I can't be overconfident with low chance of winning bet.

[ruthwithers1980]

No betting strategy is effective because any form of sports betting is a risk.

If you do parlay bets, your chances of winning will not depend on the fact that it's "parlay betting" you're doing but rather on how careful you are when choosing the teams to bet on and on how good those teams are in the real game.

So when doing parlay, I suggest one be sure to know the game and the teams so well. Otherwise, there are always other types of bets to make.

Here's an article you can check out about the different betting types: https://www.bitcoinsportsbetting.co.uk/news/most-common-types-of-sports-bets/

[Ayiranorea]

No betting strategy is effective because any form of sports betting is a risk.

If you do parlay bets, your chances of winning will not depend on the fact that it's "parlay betting" you're doing but rather on how careful you are when choosing the teams to bet on and on how good those teams are in the real game.

So when doing parlay, I suggest one be sure to know the game and the teams so well. Otherwise, there are always other types of bets to make.

Here's an article you can check out about the different betting types: https://www.bitcoinsportsbetting.co.uk/news/most-common-types-of-sports-bets/

Agreed, every betting strategy is a way to increase the winning chances. No strategy assure of wins, however big is the betting amount. In parlay betting we bet on a series of games, winning the entire games gets a bigger win, if not it will end up losing. Understanding the same it is always good to spend on games that one has got better knowledge about the team players and its previous records.

[imstillthebest]

No betting strategy is effective because any form of sports betting is a risk.

Agreed, every betting strategy is a way to increase the winning chances. No strategy assure of wins

true . thats why i dont oftenly use a strategy espcially when im bored or when im not in the mood for playing a gambling  . i still mainly play randomly no matter what kind of gambling game is that because i believe that all kinds of gambling are luck dependent .  i dont know if what is parlay but based on its name i think this is some kind of a complicate strategy  that is only being used on some certain type of gambling games ?

[TheRealAwesome31312]

Indeed, it is true that every form of gambling is a risk.

However, to give OP a concise answer, parlays are not good for long term betting mathematically, and are inferior to the flat betting system.

There is not a single long term successful sports bettor I know who uses parlays.

[Oilacris]

No betting strategy is effective because any form of sports betting is a risk.

Agreed, every betting strategy is a way to increase the winning chances. No strategy assure of wins

true . thats why i dont oftenly use a strategy espcially when im bored or when im not in the mood for playing a gambling  . i still mainly play randomly no matter what kind of gambling game is that because i believe that all kinds of gambling are luck dependent .  i dont know if what is parlay but based on its name i think this is some kind of a complicate strategy  that is only being used on some certain type of gambling games ?

You don't know on whats parlay?It would be good if you do make some googline.It isn't a complicate strategy

though but its a way of betting which you do place some various team/players bets in a row and in order to win you would need
to win all of the said bets you made.Parlays do have big odds and a very attractive possibly winning.

[Spaffin]

Indeed, it is true that every form of gambling is a risk.

However, to give OP a concise answer, parlays are not good for long term betting mathematically, and are inferior to the flat betting system.

There is not a single long term successful sports bettor I know who uses parlays.

The fact is that a gambler can constantly use any form of gambling, including sports betting.  It is not necessary to act only in one direction, because it is impossible to get good results only from bets or, for example, from roulette.

[MonsterV]

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?

In my opinion it is an option or an alternative and not an effective strategy, the reason I chose to parlay is because just to get the big odds and the parlay is an alternative for me and the parlay is totally ineffective because you have to win all bets. If you are looking for effective strategies, I would prefer to bet single with intermediate odds.

I don't think single bets are actually effective, parlays do need all the wins, but it's better to keep the level of parlay on level 2 only. I myself like parlay in betting and trading, with 2x wins then returning to level 1, I think it's safer and easier. And it's not too risky like compensation strategies.

[bitgolden]

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?

I love sport betting a lot and I would really love to be on the winning side, but in as much as I would love to play a winning bet, I would never take such high risk with paylay, I think I am just cool with single odds which is the only strategy I have been using for my sportbetting games.

Paylay actually has high returns but the chances of winning with it are extremely low and it is highly risky to use. Paylay is only for those who has been betting for probably decades LOL, and not for people like me that is just starting to get adapted to sport betting. So pardon me if I do not go with your own strategy, if you have been using paylay and it favors you more, just stick with it and I do hope it does not burn you one day.

[ryzaadit]

I'm never using a parlay, but my friend using its. It's a good option if you only have small capital for the bet, but you got a really good prediction, the prize from parlay was really amazing. My friend successful predict more than 5 games, and he won't more than 1000% from his bet amount. The sucks thing from parlay went you only need 1 more game to be a successful predict, but shit happens coming to you and make you lose. That's was really fucked, went doing a parlay.

[Bajank]

with parlay bets you may get a bigger prize if you can guess well and maybe that can happen to everyone