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I've seen some posters on SBR say that moneyline parlays are the way to go as the bettor has the same "agenda" as the team and coaches...which is to just win the game.
I'm wondering what certain filters people use for these parlays such as:
What is the max amount of teams one will use?
What is the max juice one will pay?
Do you play them in open parlays?
Do you use long-term winning cappers' plays and play them on the moneyline?
Do you try to get + odds only?
For instance, I know HimeshForex does very well doing moneyline parlays in the NBA...usually never more than 3 teams...
Would be interested to see if anyone else is successful long-term at this?
Why are you playing a parlay, instead of a straight bet? If you can't answer this, you shouldn't be betting parlays.
I play parlays because I am a rec sports bettor......I am still up some money, but it is not my main incomeQuote:
Originally Posted by Justin7
Parlays are fun bets for me and a real chance to hit it big with low risk
never more than 3 teams. i gotta get atleast even on 3 teamer. im not big on these types of wagers. had one in week 17 thou. i guess be careful using home favs of -6.5 to -2 and vs. division in NFL.
<TABLE class=details><TBODY><TR><TD class=left>Wager Type:</TD><TD class=right>Parlay (2 team) </TD></TR><TR><TD class=left>Wager Status:</TD><TD class=right>Win</TD></TR><TR><TD class=left>Risk / To Win Amount:</TD><TD class=right>1,000.00 / 698.73 ( (EST)) Accepted 12/31/2011 11:12 - USD</TD></TR><TR><TD class=left>Won:</TD><TD class=right>698.73 </TD></TR><TR><TD class=left>Amount Paid:</TD><TD class=right>1,698.73 </TD></TR><TR><TD class=left></TD><TD class=right></TD></TR><TR><TD class=left></TD><TD class=right></TD></TR><TR><TD class=left>Item # 1:</TD><TD class=right></TD></TR><TR><TD class=left>Wager Type:</TD><TD class=right>Money Line</TD></TR><TR><TD class=left>Outcome:</TD><TD class=right>Win</TD></TR><TR><TD class=left>Sport / Period :</TD><TD class=right>NFL Football / Game (Washington Redskins: 10 - Philadelphia Eagles: 34)</TD></TR><TR><TD class=left>Line:</TD><TD class=right>Philadelphia Eagles 01/01/2012 13:00:01-EST</TD></TR><TR><TD class=left>:</TD><TD class=right>-380</TD></TR><TR><TD class=left></TD><TD class=right></TD></TR><TR><TD class=left>Item # 2:</TD><TD class=right></TD></TR><TR><TD class=left>Wager Type:</TD><TD class=right>Money Line</TD></TR><TR><TD class=left>Outcome:</TD><TD class=right>Win</TD></TR><TR><TD class=left>Sport / Period :</TD><TD class=right>NFL Football / Game (Pittsburgh Steelers: 13 - Cleveland Browns: 9)</TD></TR><TR><TD class=left>Line:</TD><TD class=right>Pittsburgh Steelers 01/01/2012 16:15:01-EST</TD></TR><TR><TD class=left>:</TD><TD class=right>-290</TD></TR><TR><TD class=left>* Event Notes:</TD><TD class=right>Time Change</TD></TR></TBODY></TABLE>
hes talking moneyline parlay.Quote:
Originally Posted by Justin7
The only time you should parlay vs straight bet is due to:
limited capital causes you not be able to bet both games to your max wager and the games overlap in time.
NFL is better now as they now have the 1/2 between games.
In the past most games overlapped.
Or due to the fact most of us either lose or barely make a profit long term, it is a real chance to hit big at the time for minimum investmentQuote:
Originally Posted by aggieshawn
Not correct play odds wise, but sports betting in general is -ev so Fukk it
Doesn't matter. Justin's question is still relevant. What advantage is there to playing a parlay at true odds compared to straight betting?Quote:
Originally Posted by chopperocker
His statement that if you don't know the answer then you should be straight betting, is also true.
If a money line favorite isn't +EV in its own right, then throwing it into a parlay won't make it +EV. A lot of guys like parlaying big favorites to get +odds on the parlay, without regard to if the faves are +EV.
Duh. The juice homieQuote:
Originally Posted by Justin7
Do a open ended parlay if u ever want to cash out just add teams that are -20 on the ML
NFL -7 and up. At home even better.
I find open ended paralys baffeling; why keep your money tied up in a bet that doesn't even exist??Quote:
Originally Posted by Big Bear
You pay less juice if the side/total is part of a parlay?Quote:
Originally Posted by Big Bear
i'm saying if you are going to lay -600 there is no point in making a straight bet. But if you parlay it, it will add up eventually.
an open ended parlay gives you time to choose from several weeks worth of games if you choose to do so. Its very hard to hit a parlay if u have to choose all your plays in 1 day. For that matter its never easy to win in gambling but i just like ML parlays as opposed laying points.
Because when your down to $2 left in your account a straight wager isn't going to cut it.:lmao:
So essentially what LTP said in post #10.Quote:
Originally Posted by Big Bear
if your doing it over weeks its even worse, just bet what you want and dont have your money tied up in bets that dont even exist.Quote:
Originally Posted by Big Bear
in bets that dont exist?
Was the guy that won ~250K wrong for doing a 25team open parlay?
If he would of just did daily wagers instead of the open ended parlay, he probably would of reached the book's limits on straight wagers maybe?
If you have a $100 open 6 team parlay.Quote:
Originally Posted by Big Bear
The first 4 have won, all at +100 and you have two slots open.
You essentially have $1600 tied up with no bets pending.
As well as having that capital tied up, you also are probably now being forced to overbet (the bet is now essentially a $1600 2-teamer) which is why so many are keen to hedge unlrealised gains in this situation.
That guy is a hero. Winning 250k betting sports that guy is the man!
By any sensible metric it was wrong, yes.Quote:
Originally Posted by DrIn$entive
On the last few legs of that parlay he was essentially wagering over $200k. He would have to have a monumental edge for that to represent a sensible wager size.
I am certainly not knocking vyom, he knows what he is doing.
That would be Vyomguy. He is a great guy and deserves it!!!Quote:
Originally Posted by Big Bear
So what if one knew they had an edge in a favorite on the spread, but likes to avoid variance...would playing the moneyline favs in a parlay / open parlay be beneficial?
Maybe just wait for proven Cappers to have moneyline favorites like ras for instance...
vyomguy won 250k? post link or it ain't true
No. Not unless the ML offers a higher edge than the spread.Quote:
Originally Posted by jolmscheid
funny how people can be both risk averse and risk seeking at the same time.
No wonder most books juice MLs so bad.
Its a good point...what if o.e did only a max of 3-5 teams and trying to get + odds so as to only having to shoot for 50%..
Lol these parlay mugs have a few thousand posts on a gambling forum and still have no idea. Hilarious.
This is already old news and it is 100% true.Quote:
Originally Posted by mikeanite
Some people do not realize that a parlay is the same as a single bet, just with the requirement of betting all of your payout into the next leg. If games do not overlap it is better place the first bet as a single, and if it wins decide how much to bet in the next leg.
Most people place parlays just as bad money management. Of course, there are times where a parlay could be useful if you know what are you doing. Things like free plays, locking up lines, circumventing limits and correlation.