We all love easy money! It is the essence of any bet. Getting a profit for something you believe you saw ahead, and the feeling of having a positive outcome is amazing. Therefore, gamblers try to choose well their bets, in order to stay as safe as possible. Consequently, one of the most common questions in the betting industry is: If parlays are safe or sucker bets? Even bookmakers ask themselves this.
Parlays are interesting and appealing bets for gamblers, and the reason is quite obvious; they pay way better than a regular straight bet. This is why many bookmakers try to discourage their customers from playing them, but the truth is that parlays can be extremely profitable for bookies and you may be missing some big bucks.
A parlay is a single bet that links together two or more individual wagers for a higher payout. Most sportsbooks have an average return of +260 for 2-team parlays and +600 for 3-team parlays. A 4-team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected.
In case that one of the picks pushed or gets cancelled, a sportsbook will usually reverse the bet to the next lowest number. For example, if you play a 4-team parlay and one pick ties, the bet will reverse to a 3-team parlay. If it is a two teamer, it will become a regular straight bet.
Some bookmakers are afraid of parlays because of the significant return, but if you think about it, hitting a regular straight bet is already hard enough, and parlays force you to be perfect. It just a matter of losing one of your picks and the whole deal will be off. It doesn’t really matter if you hit 7 of 8. All you need is one line that doesn’t cover, and the dream will be over.
Nonetheless, many bookmakers are constantly limiting and putting caps on this bets. In baseball, sometimes a bookie won’t allow you to play the runline with the total or parlaying the pointspread with the total on NBA. Some even lower deep down their payouts. However, all of these might be making more harm than good for your business. You might be scaring your customers away, when the odds for hitting a parlay are very low. It is true that anyone can get lucky, but in the long run parlays are not a safe bet for gamblers.
It is better to put caps and limits on other bets, such as future bets, special props, and overnight lines. Straight bets usually have pretty solid lines, and if you link several bets together, automatically you will be reducing your chances of winning.
Remember that if you have any further questions regarding parlays or any other type of bets, if you have doubts on the way your betting business is running, if you have the feeling there is a wise guy disguised between your players, get help from the professionals. Booking per head offers a wide range of services and consultancies regarding the betting industry. Get help from the best handicappers and sports experts in the market and boost your business profits.