The NFL is the biggest league in the US, both in terms of viewers and the amount of dollars wagered on each game. Just to put it into perspective, the most recent Super Bowl saw an incredible $16 billion bet on it. Football fans don’t just bet on the result of games, sportsbooks now offer odds on a huge variety of different markets in every game during the regular season and playoffs.
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One of the most exciting ways to bet on the sport is parlays. These are where you combine multiple bets into one, increasing the odds and maximizing your potential winnings. You can combine odds from the same game or put multiple games into one bet. While they make watching the sport more exciting, they can be difficult to hit. In this guide, you’ll learn how to increase your chance of success with NFL betting parlays.
Table of Contents
How to Place a Parlay
If you’re new to the world of betting, then you’ll first need to know how it all works. A growing number of states across the US have now legalized sports betting, which means more people than ever are signing up to online sportsbooks and placing their very first bets.
Thankfully, it’s very straightforward. To place your first parlay, you just need to log into your sportsbook account and choose a game to bet on. Games have different betting options known as markets, which include moneyline, point spread, and over/under.
You can choose a betting market to add it to your bet slip. Normally, you’d enter your stake and confirm. However, if you’re placing a parlay, you’re going to need more bets. The more bets you add, the higher the odds. It’s important to remember, though, that every single one of your bets needs to win in order for your parlay to win.
Choosing Bets for Your Parlay
So, the sportsbooks always make sure it’s as easy as possible for you to sign up and start betting. This makes placing parlays very simple. However, choosing which bets to make is a lot more complicated if you want to be successful.
Researching Your Bets
With sports betting, it’s important to remember that you have a direct impact on how much success you have. Unlike other forms of gambling, which are just based on luck and probabilities, research can give you an edge. Always research the games you’re betting on, looking into the stats and form of each team.
For parlays, you may want to focus on player props, which means your research should include individual player stats. Keep up to date with all the latest team news through social media and pay attention to the weather too, as all this can affect the outcome of the game.
Looking for an Edge
Your research should help you find an edge over the sportsbooks. While the books always set the odds to make money, they get things wrong sometimes. A player might get overlooked, or a specific stat may get left out in their analytics. Find examples of bets that you believe are undervalued based on the odds and the true probability.
Getting the Best Odds
In addition, it’s important to make sure you’re getting the best odds on all your bets. There are lots of different sportsbooks out there, all giving different odds on the NFL. While they’re normally pretty similar, even small changes can make a big difference to your long-term profits. Compare the odds before you place your parlay, and look out for special promos such as parlay insurance or odds boosts to get a better deal.
