If you are looking for a way to maximise your potential winnings, then parlay bets are the answer. With traditional single-wager betting, the odds displayed are the odds you have to take. However, there is another option that will give you much higher odds for the same event.
With Parlay’s you can combine wagers on different events to increase the potential payouts. If you have the skills, discipline and the willingness to take on a higher degree of risk, you may just pull in a massive win.
The Basics Explained
If you are familiar with sports betting NZ, you will have probably have heard of Parlay betting. But what exactly does it mean and how does it work? In a nutshell, it simply means combining 2 or more wagers onto a single slip.
For example, if there is an upcoming tennis tournament where you feel you can accurately predict the outcome of at least 3 matches, it might be in your best interests to consider a parlay. If you were to place 3 single wagers, you may bet odds of 3.50, 5.00 and 4.70.
By combing these onto a single slip, each one will be multiplied by the other to create super odds of around 82.25. If you put $20 on each of the above single wagers, you would potentially be paid out $264. If you took these 3 as a parlay, the same stake would yield a potential payout of $4 935. This is more than you can expect to get from playing mobile pokies.
Popular Options Online
There are 3 main types of Parlay bets available online. The first is the match, or money line bet, where you simply predict the winner of the match, race or game. For example, in cricket, predicting that Australia will beat Sri Lanka in a T20 match. The second wager of this type that is poplar and easy to place is the over/under bet. With this wager, the bookmaker will post a total, which is the combined score of both teams at the end of full time. The idea is to try and predict whether the actual score will be above or below the total posted.
If you enjoy playing online pokies NZ, then you may want to try your hand at handicap parlay bets as the thrill is just the same. If two teams meet and they are not very well matched, the bookmakers will institute handicapping. This is where the underdogs are given a virtual point advantage to make the betting more attractive. You can bet on the underdogs and even if they lose, you wager can pay out if they lose within the point margin.
Higher Risk, Bigger Rewards
It is important to understand that parlay bets are not for everyone and some punters may prefer putting their money on the outcome of mobile pokies instead. While there are some really great advantages, there are major downsides to this type of betting.
The biggest downside is that this is a high-risk wager with a much smaller chance of winning. This is because every single one of the bets on the slip must win before it can pay out. For example, if you combined 5 wagers on your slip and 4 of the 5 were correct, you would still lose your entire stake, as the fifth wager was incorrect. If you had placed them all individually, you would have claimed the winnings from the 4 and lost the stake on the fifth one.
Since this is such a high-risk way of enjoying the sports betting NZ has to offer, it is essential that you do as much research as possible and be fully confident of the results when you combine your bets. There would be no point in taking a blind punt.