If you’re a football fan you may have heard NFL parlays being mentioned and been intrigued. Is this something you should be interested in and, if so, what does it involve?
Learn everything you need to know about NFL parlays below.
What Is a Parlay?
An NFL parlay is a football betting term that refers to a type of wager where you place more than one selection on a single bet. Parlays can be placed in just about any sport, but are particularly popular among NFL fans looking for an alternative to placing straight wagers.
So, all you need to do is find several options that you think will win, and put them on a single bet slip. You need all of these individual bets to come up correctly to win the parlay. If one loses, the whole thing loses.
There are various reasons for placing parlay bets. The most obvious is to get better odds. Let’s imagine that you want to bet on a team that’s favorite to win their game. The odds might not be high enough to give you a particularly good return if they win, so you look for another bet to add to it that makes the possible return more attractive.
You might choose three or four favorites on a single parlay so that you still feel confident about winning, but with increased odds, if you get it right. You can add in the likes of money lines, totals, or spreads to your parlay, so your choice certainly isn’t limited.
Some online betting sites also mention suggested parlays you might like to look into. However, for many sports fans, the process of looking at upcoming games and placing their own parlay is what makes this way of betting so interesting.
How to Place a Parlay?
You’ve got a lot of flexibility in how you go about placing this sort of bet. For example, you might do what’s mentioned above and look for several favorites to win their game this weekend, or you might decide to look for teams at longer odds, to give yourself the chance of a bigger return.
Either way, the starting point is by looking through the current odds on your chosen sportsbook. Provided that you’ve signed up and funded your account, you just need to click on any game to see what you would get back if you get it right.
Once you’ve added a single bet to your slip, you can then look for another to do it. Again, you just need to click on the bet that you’re interested in to add it to the slip. If you choose wagers that can’t be combined into a parlay, then you will automatically be advised of this.
Is It Worth It?
There are two key points to take into account when we look at the value of a parlay. The first is the entertainment value this kind of wager involves. If you’re looking forward to a big weekend of NFL action, you might consider that adding a parlay bet adds to the excitement.
This means that you’ll be keeping a close on several games and feel highly involved in each of them. Anyone who loves watching football can use this as a way to enjoy more games with something at stake, even if they involve teams they wouldn’t normally cheer on.
The other reason for doing this is financial, as you might see it as a chance to use your NFL knowledge to win more money when betting. This is best seen by looking at an example of a football parlay in action.
At the time of writing, we’re looking forward to a new season. Among the early games, we can see the LA Rams against the Buffalo Bills, the New England Patriots vs the Miami Dolphins, and the Pittsburgh Steelers up against the Cincinnati Bengals.
By trying a few different parlays on these and other games, you can see how the potential return increases with each prediction that you add to your parlay. Another option is to look for a single-game parlay.
This could be useful if you feel extremely confident about what you think will happen in a certain game. Maybe you think you know who will win, which player will score the most points, and how many points will be scored in total, giving you a chance to win more than on a straight-win bet.
Overall, parlays have proved to be extremely popular because they offer us a fresh way of betting in the way that we choose. You can look through the list of upcoming games and decide which one you want to add.
Online sports betting has made this a very easy option that lets you add and remove different elements of the parlay until you’re happy with your bet slip. If you love getting caught up in the excitement of NFL games, this is one of the most enjoyable ways of doing so while trying to win money.