Is parlay betting popular in football?

Question

I am looking for a sports bet that is widely played in football. Is parlay betting popular in the sports of football, kindly specify.

Answer 1

Parlay betting is popular in a number of sports, but especially football and horse racing. A parlay bet is 2 or more single bets combined onto one ticket. For a parlay to win, every team on the parlay must win for the bet to win. If you have a 4 team parlay and go 3-1, you lose.

The benefit to a parlay is that the bettor gets increased odds without much risk. For example, a winning 5 team parlay pays will pay 20/1 odds, for a $1000 profit on a $50 bet.

The negative to a parlay is that they do not represent ‘true odds’, meaning that as you add more teams to a parlay, the less ‘correct’ your odds are in comparison to making multiple, single bets.

To win parlay bets more often, keep them down to 2-3 teams per ticket. While your odds will be less, you;ll win a lot more often than you will win 5, 6, or 7 team parlays.

Parlay bets are great for those looking to add some excitement to a Sunday full of football games, or for going after a huge win at the track.

For more information and tips about parlays, check out our Parlay Bets page.