Parlays give mobile bettors the enticing opportunity to earn a huge profit from a single wager. It involves combining several predictions into one bet, and your potential profit increases with each prediction you add.
How to Place a Parlay Bet
Open up your mobile sports betting site and find a game you want to bet on. Identify a betting option, and tap on it to add that selection to your mobile bet slip.
Then find another game you want to bet on, and tap on your chosen selection. Your mobile bet slip will now contain two selections, and you will have the option to place a parlay.
You can add as many selections as you like, and then enter the amount you would like to wager on the parlay. The mobile bet slip will tell you the combined odds and the potential profit you stand to earn, and then you can tap the screen to confirm the bet.
How Parlays Work
Let’s say you decide to add four selections to your parlay:
- The New Orleans Pelicans to cover against the Milwaukee Bucks (-110)
- The San Antonio Spurs to cover against the Detroit Pistons (-110)
- Over 211.5 points in a game between the Chicago Bulls and the Brooklyn Nets (-110)
- The Denver Nuggets to cover against the Houston Rockets (-110)
All four predictions need to prove correct for this bet to succeed. However, you will rack up a large profit if they are correct, because the profit from each correct prediction rolls onto the next prediction.
If you had $20 and you bet $5 on each of those predictions, and they all paid off, your total profit would be $18.18. However, if you rolled them into a $20 parlay, your total profit would be $245.67.
That highlights why parlays are so popular, but if just one team lets you down, the bet is busted, so you have to tread carefully.
