5 Proven Mix Parlay Betting Tips

April 22, 2024, by Toby Banks

Mastering Mix Parlay Betting: 5 Expert Tips For Success

A parlay is a particular bet that combines multiple bets into one. For this reason, it is also a multi-bet, combo, or accumulator bet. Where you have chances from numerous sporting events, particularly across various sports, a mix of parlay describes the bet. Mix parlay betting is an excellent strategy for high profits if used properly. Here are five valuable tips on how to do just that!

1. Keep Them Relatively Short

There’s often a huge temptation to pile many bets into a mix parlay. After all, many bets equal high odds, potentially increasing profits. However, whenever there’s high-profit potential in any gambling, one should also recognize that the chances of that bet succeeding are low. It’s not impossible, of course, but it’s unlikely. The higher the number of predictions combined into the mix parlay, the higher the possible profit, but the less the chance of winning. As a rule, keep the mix parlay at a maximum of 3-5 individual bets.

2. Analyze Probabilities Before Betting

It is imprudent to throw bets into the parlay without doing due sports betting diligence. Consider each prediction’s probability, weighing that against the prices offered. It is the information every punter must use to decide whether any bet deserves to go into the parlay. Doing good analysis first increases your chances of winning a parlay.

3. Some Bookmakers Offer Better Bonuses

Betting is big business nowadays, and the industry continues to grow at a tremendous pace. One of the merits of this growth - from a bettor’s perspective - is that there’s a buffet of betting providers to choose from when signing up. They are in a cutthroat competition for new signups, so don’t sell yours away cheaply. Be wooed by bookies that give good bonuses for mix parlay punters. Also, look out for such nifty features as cashback on losing parlays. Some bookies will return part of the stake (sometimes part of any accumulated return) when a parlay is lost. It is a considerable boost compared to the whole accumulator because of one or two predictions gone wrong.

4. Never More Than One Underdog

There’s a growing practice where punters use the high-price odds from an underdog bet and then pad that up with low prices from easy predictions to make a high-paying mix parlay. It is a profitable strategy when it works out. However, resist the temptation to bet on more than one underdog in your parlay. The winning chances of a bet on a non-favorite are already low, so having more than one pushes one’s luck. The best mix parlays are formed by combining several high-probability predictions and generally avoiding bets that are harder to win.

5. Use Cashout When Necessary

Cashout is a feature that allows the punter to retrieve a mixed parlay bet at its current state before the bookie settles all the chances. The punter instructs their bookmaker to return the stake plus all accumulated winnings to that point, voiding all unprocessed bets in the parlay. It is a handy feature in parlay betting, and, just as with the bonuses point above, it is advantageous to sign up only with bookies that give you that option. To take your money and run when things are not going well can be a huge blessing.

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