Most sportsbooks now offer these types of bets but protect themselves by reducing the odds to something more favorable to them. The logic is that if they lead at the half, the odds are in your favor that they will win the game. An obvious example would be picking a team like the New York Knicks to win the first half of an NBA game and parlaying it with the Knicks to also win the game outright. The books initially frowned on SGPs because of the possible advantage bettors had by placing a correlated bet.Ī correlated bet is when you combine legs that are more likely to happen together. It took a while for sportsbooks to warm up to SGPs, but they are now a betting norm across the industry. This can include the moneyline, point spread, total, game props, player props, and more. What is a same-game parlay?Ī same-game parlay (SGP) lets you bet on multiple components of the same game on one ticket. You can also create a same-game parlay (SGP). Parlays come in many forms and allow you to combine moneylines, point spreads, totals, and props. (Coincidentally, you can also place a parlay bet on darts at several sportsbooks.) Once your ticket starts to look like an arachnid, you’re throwing darts. Remember, you have to win every bet on the ticket, or you get nothing.Īny seasoned sports bettor will tell you that winning one leg is hard enough. The drawback is that your chances of winning plummet substantially with every addition to your betting slip. The allure of the parlay is that it’s a multiplier, which means that your payout increases exponentially with each added game. What is a parlay bet?Ī parlay bet combines two or more bets (also called legs) on the same ticket. Here’s everything you need to know about parlays. And hitting a parlay of those proportions is the ultimate upset in sports betting.īut is placing a parlay bet worth your time and money? It’s a hot-button issue and one worth exploring. We’ve all seen the stories on social media: the average Joe cashes in a 10-leg, life-changing lottery ticket and quits his job instantly. Nothing stokes the flames of a sports bettor’s imagination like the idea of hitting a prodigious parlay. All betting content on NJ.com is written exclusively by Catena Media, which provides expert analysis, reviews, bonuses, and tools for sports bettors and casino players.

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