Hi and welcome to another episode from the Sports Betting Tips video series by SportsTrade. I’m Allie, and I’m the spokesperson for this video series. In today video, we will look at another sports betting strategy - the Parlay Sports Betting Tips.
A parlay is one of the most lucrative sports bets a bettor can make. Meanwhile, unless you understand and employ some kind of betting strategy, it can also be one of the toughest to cash in on. Simply, a parlay is defined as a combination of two or more picks into a single wager. One of its advantages is that the top online sportsbooks offer attractive odds for groupings of two to sixteen teams.
On the other hand, the more teams you add to a parlay play, the higher the odds are stacked against you to win. In fact, picking a single winner can be difficult. Thus, to win a parlay, you have to win every single pick. The only exception is in the PUSH case when two teams tie with the closing point spread, in which case, the total parlay is reduced by one team. Also, the betting odds for parlays using point spreads are fixed and based on the total number of teams. You group them into a single bet.
So to bet with parlay- whether in football or basketball, you must:
Make sure you have a money management system in place before betting parlays. In summary, a parlay deals with a combo, and most times, players are advised to avoid the system because they have higher variance than straight bets. That is, you get the same odds, but your chance of hitting a dry spell is increased. Nonetheless, if you get the hang of the system, you can win with parlay sports betting tips.
Checkout other videos in the series for more sports betting tips.
Thank you for watching and good luck!
We're concerned about problem gambling. For most people, gambling is entertainment - a fun activity that can be enjoyed without harmful effect. But for some, it's not just a game - it's a serious problem that continues even after the fun has gone.
Compulsive gambling is not easily detected. The person with a gambling problem will often go to great lengths to cover up the problem and will appear to look all right, regardless of the consequences of their gambling.
Warning Signs. Some of the indicators that a person may be suffering from a gambling problem include:
Losing time from work or family due to gambling.
Repeated failed attempts to stop or control gambling.
Borrowing money to gamble or pay gambling debts.
Gambling to escape worry or trouble.
Neglecting the care of one's self or family in order to gamble.
Lying about the amount of time and money spent on gambling.
Gambling more money in an attempt to win back losses.
Selling or pawning personal possessions to get money to gamble.
Feelings of hopelessness, depression, or suicide as a result of gambling.
Remember that help is available. By reaching out to people who understand, you can find the help you need. You can visit the Gambler's Anonymous website here:http://www.gamblersanonymous.org/ or Responsible Gaming Council here: http://www.responsiblegambling.org/
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