Resources for a more reliable paroly (multi-bet) strategy

[alani123]

I started a discussion last week, looking to find out what others think in terms of placing money on multi-bets (parlay bet slips) and if they have a strategy. Based on the feedback and my own experience, I thought other gamblers might find it useful to explore some resources on how to improve their parlay bet strategy. Let's begin with the basics: 

What is parley (multi-bets)?   
We can start by having a look at the dictionary definition about what parlay means for betting.



As you can see, parlay is a strategy where you're doing somewhat of the opposite of a martingale strategy. You take your winnings and original stake, and put it towards another match. This means that you increase your bet based on if you won. The risk here is that if you lose once, you lose all your stake plus winnings that were built up.

Advantages of parlay betting
One of the main advantages of parlay betting is that you can increase the odds on your staked money by betting on multiple matches. Bookmakers today even allow to create betting slips on concurrent matches even when they are live.

Strategy
First, a disclaimer: It's important at this point to understand that a betting strategy can't be fool proof. Always apply principles of limiting your stakes to what you can afford to lose and follow through with your life's normal priorities before anything else. Betting is only for fun and not a replacement to normal income!

Now when it comes to strategies of placing parlay bets, you have to consider what's your goal and adjust your stakes accordingly. There are two main alternatives on how to approach parlay bets:
A. Combining a few matches with high odds, can result to getting a high-paying bet slip. You will however have to place your bets carefully.
B. Placing many bets on mid to low odds outcomes so that you can achieve a high total multiplier with the combination of many likely outcomes.

In either case, it might be helful to place bets near or above a target where a certain multiplier is satisfied with your stakes. This makes calculations easier. For example if your target multiplier is 5x, you're remaining in profit so long as you win more than 1/5 bet slips you play with parlay. And that's an important aspect of parlay bets. You will be losing a lot! But as long as you win more than you lose, you can say that your strategy and intuition is working.


With that out of the way, let's now consider what makes a match a good candidate for being added to a parlay bet slip.

1. Reliability
When betting on any sports match, unlikely outcomes aren't usually your friend. Since with parlay strategies we're trying to build a good bigger multiplier by combining many matches, it's good to be able to rely on a team's history and recent appearances to better predict outcomes. Usually we find teams having a more reliable performance in big leagues of popular sports where some of the world's biggest associations play.

2. Market participation
Having a market with poor participation by other punters, is going to result to unbalanced odds calculations more often than not. And when bookies are unsure of what people consider the favorite for winning a match, they generally tend to lower the odds even further. Which makes such match ups even more uneven for the player as the edge increases even further against the one placing the bets.

Which Leagues' matches satisfy the criteria of being good additions for parlay multi-bet slips?
In my personal opinion, big football leagues like the English Premiere League, Spain's LaLiga, Germany's Budesliga as well as Italy's Serie A are some of the best leagues to find matches to bet on for parlay bets. In these leagues, if a team is on top of the ranking you can be sure that the odds given to it winning make sense. So at the very least you won't get trapped in betting on low-odds outcomes as likely and see them get overturned very often with these leagues. Plus also, markets for these bets are plentiful and have widespread participation, so the odds aren't reduced by the bookmakers due to decreased participation.

Other sports categories and what to avoid
In terms of other sports, you'll have to look at which countries host the top-leagues respectively. For instance, the U.S. hosts one of the world's most popular basketball leagues, the NBA. Similarly for Hockey, there's the the NAHL etc. But there are some sports categories that should be avoided entirely for parlay bets in my experience. For instance amateur or college leagues, handball, volleyball, individual sports and women's sports. As sad as it is, given that individual sports, college and amateur's as well as women's leagues aren't receiving major funding and aren't as organized as well on an association or league level, leaves them very prone to having very unreliable outcomes even when you're betting on the best. Teams will often overturn results that were considered unwinnable there. So these bets are better to be placed individually other than in parlays.

That's all for now. Let me know if you find this useful. Feel free to share your feedback and if you'd like to see more like this

[1715074714]

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[1715074714]

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[1715074714]

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[o48o]

-cut-
As you can see, parlay is a strategy where you're doing somewhat of the opposite of a martingale strategy. You take your winnings and original stake, and put it towards another match. This means that you increase your bet based on if you won. The risk here is that if you lose once, you lose all your stake plus winnings that were built up.
-cut-

Isn't that just reverse martingale? Only difference being that martingale is loosely based on 50/50 probability. Or more like it lures people thinking it makes sense. However with sports betting it doesn't work like that. Not that there would be anything wrong doing reverse martingale, but it's far from the idea of original reverse martingale.

I have however tried this with basketball and "sure bets", as combining them creates decent multipliers, and while it can work for a while, all it takes is one loss to get start from beginning, it hasn't really been successful so far. And obviously i realize that there are no strategies that work, that there's only luck. But it's still fun to try and look for winning patterns that doesn't exist, as that's hard coded to human brains benause of that, it's emotionally rewarding.

[borovichok]

Gambling is gambling and nothing works in gambling. What works for you may not work for another and knowing what will work for you is something you don`t know as long as gambling is concern. The only thing within your control is your stake so we should talk more about the method which will help us control our stake and prevent incurring irreparable losses. For the outcome of a game, we cannot control. For instance, the author has noted the English Premier League as reliable for multi-bet. Yesterday, Chelsea played against Wolves. Chelsea played at home and the odds were in favour of Chelsea to win but they lost. The question now is will multi-bet strategy save you if you have selected Chelsea? only luck will make you avoid the Chelsea game.

In my opinion, a gambler is always a loser. If you can not stop gambling then control your stake. No method will work. If there is any method that works then gamblers all over the world should have known this method and should have been rejoicing every day because profit should be certain even if we don`t win every day but then the constant advocacy for not relying on gambling as a full-time job tells us one truth; in gambling you must lose no matter the strategy only luck makes you rich.

[alani123]

-cut-
As you can see, parlay is a strategy where you're doing somewhat of the opposite of a martingale strategy. You take your winnings and original stake, and put it towards another match. This means that you increase your bet based on if you won. The risk here is that if you lose once, you lose all your stake plus winnings that were built up.
-cut-

Isn't that just reverse martingale? Only difference being that martingale is loosely based on 50/50 probability. Or more like it lures people thinking it makes sense. However with sports betting it doesn't work like that. Not that there would be anything wrong doing reverse martingale, but it's far from the idea of original reverse martingale.

I have however tried this with basketball and "sure bets", as combining them creates decent multipliers, and while it can work for a while, all it takes is one loss to get start from beginning, it hasn't really been successful so far. And obviously i realize that there are no strategies that work, that there's only luck. But it's still fun to try and look for winning patterns that doesn't exist, as that's hard coded to human brains benause of that, it's emotionally rewarding.

The idea is similar to reverse martingale in its fundamentals because whatever you win gets compounded for the next bet. We can create an example to illustrate this even better.

You create a bet slip on outcomes with these odds:
1.50
1.20
2.78

The total multiplier on your stake for this slip should be ~5x which is the result of 1.5*1.2*2.78.

The logic of this is that if you win your first bet your money is multiplied, if you win the second bet your money plus winnings is multiplied... With this going on for however many outcomes you have put in the slip. The good thing with parlay multi-bets is that you don't have to way for matches to end in order to get your winnings and apply this strategy. You can bet on multiple matches on a single slip even when live.

Gambling is gambling and nothing works in gambling. What works for you may not work for another and knowing what will work for you is something you don`t know as long as gambling is concern. The only thing within your control is your stake so we should talk more about the method which will help us control our stake and prevent incurring irreparable losses. For the outcome of a game, we cannot control. For instance, the author has noted the English Premier League as reliable for multi-bet. Yesterday, Chelsea played against Wolves. Chelsea played at home and the odds were in favour of Chelsea to win but they lost. The question now is will multi-bet strategy save you if you have selected Chelsea? only luck will make you avoid the Chelsea game.

In my opinion, a gambler is always a loser. If you can not stop gambling then control your stake. No method will work. If there is any method that works then gamblers all over the world should have known this method and should have been rejoicing every day because profit should be certain even if we don`t win every day but then the constant advocacy for not relying on gambling as a full-time job tells us one truth; in gambling you must lose no matter the strategy only luck makes you rich.

This is precisely why I've added the disclaimer I added in the OP. But we have to also consider that many people who are already placing their money in gambling maybe want to try something new. Perhaps they can get lucky or in combination with their knowledge and intuition parlay bets can be a profitable strategy for them.

[cabron]

-cut-
As you can see, parlay is a strategy where you're doing somewhat of the opposite of a martingale strategy. You take your winnings and original stake, and put it towards another match. This means that you increase your bet based on if you won. The risk here is that if you lose once, you lose all your stake plus winnings that were built up.
-cut-

Isn't that just reverse martingale? Only difference being that martingale is loosely based on 50/50 probability. Or more like it lures people thinking it makes sense. However with sports betting it doesn't work like that. Not that there would be anything wrong doing reverse martingale, but it's far from the idea of original reverse martingale.

I have however tried this with basketball and "sure bets", as combining them creates decent multipliers, and while it can work for a while, all it takes is one loss to get start from beginning, it hasn't really been successful so far. And obviously i realize that there are no strategies that work, that there's only luck. But it's still fun to try and look for winning patterns that doesn't exist, as that's hard coded to human brains benause of that, it's emotionally rewarding.

It's fun to try your luck when you haave a limited amount of coins to play. Yes, it could be just luck as you can't really predict who will win in every match. But having just 5 Dogecoins to win more than 3000+ Doge if you predict 10 boxing matches, it's still worth trying the luck.

I have not won any of my multibets actually. I only do it because I couldn't resist thinking of getting lucky at some point.
But it will sure depend on which sport you wanna try. you may have a good chance if you are a fan of the sport if you choose NBA, I guess you know more about those teams and which one could potentially win.

[alani123]

It's fun to try your luck when you haave a limited amount of coins to play. Yes, it could be just luck as you can't really predict who will win in every match. But having just 5 Dogecoins to win more than 3000+ Doge if you predict 10 boxing matches, it's still worth trying the luck.

I have not won any of my multibets actually. I only do it because I couldn't resist thinking of getting lucky at some point.
But it will sure depend on which sport you wanna try. you may have a good chance if you are a fan of the sport if you choose NBA, I guess you know more about those teams and which one could potentially win.

That's another one of the big advantages of gambling with crypto.
Since cryptocurrencies are much more divisible than FIAT money is, it's easy to gamble with small or even extremely small amounts.
For bets where the odds are super high for example in a large parlay multi-bet slip, it would make sense to bet with a very small amount like 100 satoshis each time. So in the chance that you win, even a single slip over many, its easy to recoup your losses.

But even if you keep losing, if it's a very small amount each time then you'd have to lose a very significant amount of slips without any winnings in between for your bets to result in a net loss. Crypto bookies allow for this kind of flexibility thankfully. So it's a good place to experiment with new strategies if you want.

[Pumared]

This strategy is interesting for games that you are very certain will work out. This will multiply your winnings and in the safest way possible. You can even create several bets with difficulty levels and diversify the money bet.

[ralle14]

Other sports categories and what to avoid

I'd include baseball in that list, specifically the MLB. They sometimes have slight favorites, and the risk is similar to hockey, where certain advantages like playing at home and having a better pitcher are not enough to give the favorites an edge.

Also, regularly check on promotions related to parlays because sportsbooks usually have one or two good promotions that can offset the risks of a parlay.

[bittraffic]

Is the influencer who provides bet picks on youtube among the resources? There have been plenty of them, particularly in the NBA which has its huge studio. 

This strategy is interesting for games that you are very certain will work out. This will multiply your winnings and in the safest way possible. You can even create several bets with difficulty levels and diversify the money bet.

I don't think it's safe actually I have been trying out multiple bets even just 3 matches on UFC fight night, it's always a miss. I am sometimes confident that 3 of the best matches to pick will be a win and then suddenly an underdog wins by a lucky punch. Multibets are still exciting though, it puts your hopes up thinking your win will be the biggest.

[danherbias07]

There's also the same game multi, if others are curious if they can place bets in just one game.
Here is an example of it. Sadly it's a loss.

These types of bets can also be profitable for those who are good at analyzing just one game. I mean, you could focus everything on it and then try to hit everything by just watching one game. You don't have to wait for the next one like how it is in a parlay.
The sad part about a same-game multi is, that you might not have a chance to cash it out unlike how it is with a parlay where you could withdraw your first winning bets and not continue, given that the next game is not yet commencing or you already hit the next leg while the game is still progressing.

A parlay has good perks in it because we could increase our multiplier to an extent that we cannot get on single bets but we must also accept the risk that we will take upon adding more games in one ticket only. One mistake could ruin it all so if we are betting on games with time that have gaps, might as well monitor it if we are aiming to cash out early.

[SeaCoinCollector.]

Parlay comes with high risks because all selections must win in order to pay out. Winning parlay is very thrilling because of larger pay outs, but should consider the high probability of losing with parlay compared to single bets.

[Oshosondy]

I can remember the old days when I will accumulate many matches and be happy that I want to win those matches with small amount of money. The end result are always the same which is loss. After many times of losses, I only prefer to accumulate not more than three matches. But my betting strategy is to never go more than 1 or 2 matches. 3 matches at maximum but which is not my common way of betting.

[davis196]

At the end of the day gambling is all about luck. You could try to apply different "strategies" in order to somewhat "control" your luck, but no gambling "strategy" will work if you don't have any luck at all. Parlay bets are fun, but I just don't expect to win any money out of them, because predicting the outcome of 5 or 10 games is like winning the lottery. In my last parlay bet, I was expecting Liverpool to beat Arsenal, but Arsenal won 3-1. The games on the Premier League are very difficult to be predicted, because the Premier League is very competitive and even the best teams like Manchester City, Liverpool and Arsenal are losing games against the weaker teams. Maybe that's why i should avoid making parlay bets on Premier Leagues matches.

[alastantiger]

Multibets are of more than 3 for me, I have found are the ones that I lose the most but the greed for a bigger win is what continual lures me to them. I have seen some exceptions though where I had good wins on 4-6 games. It doesn't happen often. Even though I know the huge risk involved, I still go ahead to do multiple bets sometimes. Right now, 95% of my bets are on singles. I double my money..It is a safer strategy than multiple bets.

[btc_angela]

As others have said, parlay is dangerous to put a bet, the risk is going to be too high. Of course, it's a hit or miss, just one game and everything goes to the ground. As compare if you make a lot of single bet, maybe 3 out 4 is good already for a good returns. Or just one bet but you put a lot of money in it, then it's going to be very satisfying as well.

Not saying that we should not bet on it, but we should carefully consider the risks and potential rewards before engaging in parlay betting and should exercise prudent bankroll management and risk assessment strategies to mitigate potential losses. As for my experience? yeah pretty bad outcome specially in NBA or even in Tennis wherein odds for a favorite to win is like 1.1x but still it's potential loss can be huge.

[Gozie51]

Parlay comes with high risks because all selections must win in order to pay out. Winning parlay is very thrilling because of larger pay outs, but should consider the high probability of losing with parlay compared to single bets.

One interesting thing about multiple bets is the high potential winning because of the accumulation of odds and bonus which make those gamblers going for it to like it but that all the games has to win is the debacle. However, there is an option that you can still win the bet despite losing few of the game like one or two loses. This depends on the bookmaker and the policy condition or the option you select in the multiple bet.

[_act_]

One interesting thing about multiple bets is the high potential winning because of the accumulation of odds and bonus which make those gamblers going for it to like it but that all the games has to win is the debacle.

Also the multiple games increase the probability of losing. Bookies use the bonus to attract people because they know that accumulation will make more gamblers lose and the bonus will be useless as the bet is lost.

However, there is an option that you can still win the bet despite losing few of the game like one or two loses. This depends on the bookmaker and the policy condition or the option you select in the multiple bet.

There is not option that you will still win the bet if you lost one or two games, but you can get part of the money that you want to win. That is called cash back. Cask back is not encouraging at all because the money you will get are too low.

[Natsuu]

As others have said, parlay is dangerous to put a bet, the risk is going to be too high. Of course, it's a hit or miss, just one game and everything goes to the ground. As compare if you make a lot of single bet, maybe 3 out 4 is good already for a good returns. Or just one bet but you put a lot of money in it, then it's going to be very satisfying as well.

Not saying that we should not bet on it, but we should carefully consider the risks and potential rewards before engaging in parlay betting and should exercise prudent bankroll management and risk assessment strategies to mitigate potential losses. As for my experience? yeah pretty bad outcome specially in NBA or even in Tennis wherein odds for a favorite to win is like 1.1x but still it's potential loss can be huge.

Right. Finding the right mix between single bets and parlays is all about playing smart with your risks. Single bets are like your steady buddies that are reliable and straightforward. Put your money where the research points and you're less likely to get burned. But parlays is an exciting but with a higher chance of a wild ride. To keep things chill, divide up your betting budget wisely. Go big on singles for stability but spice things up with a parlay when you've got a hunch on a few games

[Hirose UK]

Parlay comes with high risks because all selections must win in order to pay out. Winning parlay is very thrilling because of larger pay outs, but should consider the high probability of losing with parlay compared to single bets.

One interesting thing about multiple bets is the high potential winning because of the accumulation of odds and bonus which make those gamblers going for it to like it but that all the games has to win is the debacle. However, there is an option that you can still win the bet despite losing few of the game like one or two loses. This depends on the bookmaker and the policy condition or the option you select in the multiple bet.

I personally think that multi or parlay bets will have higher odd accumulation but not for wins, the winning percentage in this bet is very low because there is risk of failure if an error occurs in one of the bets.
What really makes the interest of this bet is that the odds are really very large if you make several bets into one, if you win with just $10 to $20 you can earn hundreds of dollars.
But whether many gamblers are able to win with large odds from this type of bet, the answer is small because I sure that only few gamblers who use parlay or multi bets can win.
Even though there are several casino rules and regulations that may still give the gambler win if an error occurs in one of the bets, the winnings given are not complete or can be said to not really match the existing odds.
Winnings will be deducted at predetermined percentage.

[Slow death]

Multibet bets involve high risk, which is why it is necessary for people to always make multibet bets that have very high odds that compensate for the risk that these people will be taking when they make the multibet bet. I usually say that making multibet bets is the same as testing your luck, that's why when making a multibet bet the person should not put a lot of money into the bet, for example here in my country there are many people who make sports bets and have chosen to do so. multibet bets in which most of the time the total odds value of the bet is above @300.00 and they only place $1 on the bet. I asked why they do this, they told me that as they are running a high risk of losing because in their bet there are times where there are more than 17 teams.

so it's worth it for them to put just $1 because even if they lose they won't be missed, but when they win, then they will win $300, there were many times when these people from my country managed to get the multibet bets they made right, once someone showed me a multi bet with odds of 500X and got it right, with that the guy won 500$, the following week he won again 600$ with just a bet of 1$, then he had many weeks without a correct bet, but from 17 games that he puts it in his parlay, he can hit at least over 13 games frequently

and this includes teams from many different leagues, this shows that they know football very well, they are not based on luck, they are not based on odds, they are analyzing the teams exhaustively and after a lot of analysis they are able to choose the best market of the game to put in the parlay. even if they were placing $1 each week and lost throughout the season, they would still be making a profit, because they won a lot of $500 and always bet with $1 on multibet bets with odds above @300.00, by which I mean that the only strategy, if we can consider that as a strategy, and that the person knows how to correctly analyze games