24 7 Betting Tips

24 7 Betting Tips Average ratng: 10,0/10 3056 reviews

Phone 1800 858 858 for free support, 24/7 We’re here 24/7 online and on the phone. Free, confidential Gambler's Help services, including in other languages, are available 24/7.

A parlay, accumulator (or acca), combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately, since the difficulty of hitting all of them is much higher. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or 'pushes', the parlay reverts to a lower number of teams with the odds reducing accordingly.

Odds and payout[edit]

  • Sports Betting Tips – Betting Strategies that Work. You can know every stat there is and be able to name every player’s strengths and weaknesses, but if you don’t know the right betting strategies to put that knowledge to work, you’re not going to have much success when betting money on sports.
  • Vitibet.com provides free betting tips for many sports and many leagues all around the world. You can find here free betting tips, predictions for football, baseball, basketball, handball and ice-hockey.

Parlay bets are paid out at odds higher than the typical single game bet, but still below the 'true' odds. For instance, a common 2-team NFL parlay based entirely on the spread generally has a payout of 2.6:1.[citation needed] In reality however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1 (10% expected value for the house). A house may average 20-30% profit on spread parlays compared to perhaps 4.5% profit on individual sports mix parlay bets.

Aside from 'spread' parlays, another way to parlay is to bet on two or more teams simply winning straight up. In order to calculate the payout of this parlay, one must multiply out the payout for all games. For example, if 3 teams are -385 favorites, a successful parlay on all 3 teams winning would pay out at a ratio of approximately 1/1. This is because (385/485)^3 is approximately 50%.

Examples[edit]

Typical payouts for up to 10 team parlay bet[edit]

The following is an example of a traditional Las Vegas Parlay Card at William Hill Sports Book, which shows the typical payouts for an up to 10 team parlay bet based on -1.10 prices (amount won is assuming $100 is bet)[citation needed]:

NumberOddsAmount wonPayout
2 Team Parlay2.6 to 1$260$360
3 Team Parlay6 to 1$600$700
4 Team Parlay11 to 1$1,100$1,200
5 Team Parlay22 to 1$2,200$2,300
6 Team Parlay45 to 1$4,500$4,600
7 Team Parlay90 to 1$9,000$9,100
8 Team Parlay180 to 1$18,000$18,100
9 Team Parlay360 to 1$36,000$36,100
10 Team Parlay720 to 1$72,000$72,100
24 7 betting tips

Profitability of parlays in sports betting[edit]

24 7 betting tips 1x2

Many gamblers have mixed feelings as to whether or not parlays are a wise play. The best way to analyze if they are profitable in the long term is by calculating the expected value. The formula for expected value is: E[X] = x1p1 + x2p2 + x3p3…xkpk . Since the probability of all possible events will add up to 1 this can also be looked at as the weighted average of the event. The table below represents odds.[citation needed]

Column 1 = number of individual bets in the parlay

Horse

Column 2 = correct odds of winning with 50% chance of winning each individual bet

Column 3 = odds payout of parlay at the sportsbook

Column 4 = correct odds of winning parlay with 55% chance of winning each individual bet

Betting
Number of individual betsCorrect odds at 50%Odds payout at sportsbookCorrect odds of winning parlay at 55%
23 to 12.6 to 12.3 to 1
37 to 16 to 15.0 to 1
415 to 112 to 19.9 to 1
531 to 124 to 118.9 to 1
663 to 148 to 135.1 to 1
7127 to 192 to 164.7 to 1
8255 to 1176 to 1118.4 to 1
9511 to 1337 to 1216.1 to 1
101,023 to 1645 to 1393.8 to 1
112,047 to 11,233 to 1716.8 to 1

The table illustrates that if a 55% chance of winning each individual bet were achievable, parlays would be profitable in the long term. Compare the expected value you receive on an individual bet at a typical price of -110 with a 55% chance of winning: ((100/110+1)*.55)-1 = .05 (exactly 5 cents won for every dollar bet on average), multiplied by 11 = .55, to the expected return on the 11 game parlay ((1234/717.8)-1) = .719 (72 cents won for every dollar bet on average). In this case a parlay has a much higher expected value than individual bets with greatly increased variance in outcomes.

See also[edit]

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Parlay_(gambling)&oldid=989555587'
Football betting tips and predictions

24 7 Betting Tips Horse Racing

World Cup Qualif. Kategoria Superiore Ligue 1
Primera División Primera B Nacional Bardzragujn khumb
A-League Premyer Liqasi Bundesliga
Erste Liga Jupiler League Proximus League
Vysheyshaya Liga Premijer Liga Serie A
Campeonato Serie B efbet Liga CSL
Elite One Fortuna liga FNL
Primera Division Super League Primera A
1.HNL Druga HNL Protathlima Cyta
Superligaen NordicBet LIGA Premier League
Serie A Premier League Championship
League One League Two Conference
Meistriliiga Betri-deildin Veikkausliiga
Ykkönen Ligue 1 Ligue 2
National Bundesliga 2. Bundesliga
3. Bundesliga Regionalliga Nord Regionalliga Südwest
Regionalliga West Regionalliga Bayern Regionalliga Nordost
Super League 1 Football League Crystalbet Erovnuli Liga
NB I. Pepsi Max deild 1. deild karla
Pro League Premier League Division 1
Ligat ha'Al Serie A Serie B
Ligue 1 J-League Division 2
Premier Liga Premier League K-League
K-League 2 A Lyga Virsliga
Prva Liga Primera Division Divizia Nationala
1. CFL Botola PRO Eredivisie
Keuken Kampioen Divisie NPFL Eliteserien
OBOS-ligaen IFA Premiership Primera Division
Torneo Clausura Ekstraklasa 2.liga
Primeira Liga Segunda Liga Liga 1
Premier Liga 1. Division Premiership
First Division Second Division Third Division
Super liga Prva Liga S-League
Fortuna liga Prva Liga Premier League
LaLiga Segunda Division Allsvenskan
Superttan Super League Challenge League
Süper Lig 1.Lig Premier Liga
First League MLS Primera Division
Super League V.League 1 Cymru Premier
Ice Hockey tips and predictions

24 Hours Betting Tips

SM-liiga Mestis Ligue Magnus
Optibet Liga Erste Liga DEL Bundesliga
ASSTEL Bundesliga NHL UPC Ligaen
Ekstraliga Bundesliga Alps League
KHL Extraliga Elitserien
Allsvenskan Nationalliga A Nationalliga B
Elite League
Basketball tips and predictions

24/7 Betting Tips

NBB Liga A1 Liga Mattoni NBL
LNB Bundesliga Esake
Lega A Basket BSL NBA
Dominet Ekstraliga Extraliga ACB
TBL VTB United WNBA
Handball tips and predictions
24 7 Betting Tips
Handboldligaen LNH Bundesliga
Superliga HLA League Asobal
Elitserie Nationalliga
Comments are closed.