Last updated on January 5th, 2024 at 11:52 am
We are well into the football season with both NCAA football and the NFL running into the middle of the season. As we prepare for the playoffs, more and more bettors will be placing bets on their favorite teams and players. And as a bookie, you will see in your Bookie Pay Per Head software that there are quite a few wager types that are very lucrative for your business- parlays. As a bettor, winning a parlay can get you a pretty big payout too. Here is a quick but informative guide to football parlay bets.
The general definition of a parlay bet is that it is a combination of two, or more individual wagers that will form higher odds, and potentially give you a higher pay out. However, the risks are high, because for you to win the parlay, you need to win in each leg of that bet. And as with any high risk bet, the reward is worth it. These bets are very popular in many an online bookie software.
When it comes to football betting, there are a few parlays that you can choose from. And since parlays are high-risk bets, it helps to be smarter when placing them. This means looking at the value of the odds, as well as other factors that can affect the outcome of the games, like injury updates, roster changes, and even the weather.
Football Parlay Bets
In your sportsbook, you can easily see parlays for football games. These are the types you will find:
- Same Game Parlay. Some sportsbooks call this the One Game Parlay, where you build the legs of a parlay from the same game. For example, you are looking at moneyline bets on a player’s passing yards and another player’s anytime touchdown.
- Multi Game Parlays. These are more popular ones and one of the more traditional parlays. This bet is made up of legs from different games, often games offered in the same day. So these are legs made up of moneyline bets for two or more games. The more legs, the higher the risk, but the higher the payout as well.
- Teasers. Teasers means that as a player, you can buy points on each of the parlay selections. For example, you can bet on a six-point teaser to turn a team’s odds of +3 to +9, moving the lines from under 48.5 to 54.5.
- Round Robin. This is a bet where you can make mini parlays within the original one. This means that you will not need to win every leg to win the parlay. However, this wager type has a smaller payout that the traditional parlay- but, your chances of winning go up. But if you really want to win more, and earn more from sports betting, your best option is to own the sportsbook. These sportsbook pay per head reviews can help you find the best tools to be a bookie.