MLB Parlay Betting 101: Tips and Strategies to Maximize Profits
- Parlay betting can help boost your profits for MLB and other sports.
- Some of the best alternate parlay strategies are correlated parlays and round-robin parlays
- Always make sure particular parlays are available in the sportsbook.
Are you tired of making straight bets and looking to spice up your MLB betting game? Well, strap in because we’re diving into the world of advanced parlay betting strategies. We’re not just talking about slapping together a few bets and hoping for the best. No, we’re talking about smart, calculated moves that can tilt the odds in your favor.
Let’s take a look at correlated parlays, round-robin parlays and progressive parlays.
3 Parlays to Boost Betting Value
Correlated Parlays: A Match Made in Heaven
Correlated parlays are the secret sauce of savvy bettors. The idea is to combine bets that have a direct relationship with each other. For instance, if you’re betting on the Yankees to win, it makes sense to also bet on the Bombers going over the total runs. Why? Because if the Yankees are crushing it, chances are, they’re racking up the runs. Some bookies don’t allow correlated parlays, which is a testament to their effectiveness.
Picture this: You’re betting on the Dodgers vs. the Giants. You place a parlay with the Dodgers to win and the total runs to go over 8.5. If the Dodgers’ offense is on fire, they win and are likely pushing the total runs over 8.5, cashing in both MLB bets. Just make sure that where you bet allows these types of wagers before you get ahead of yourself.
Round-Robin Parlays: The Safety Net
Round-robin parlays are for those who hate putting all their eggs in one basket. This strategy allows you to place multiple smaller parlays using different combinations of your selected games. It’s like buying insurance for your bets.
Instead of one big parlay that crashes if a single game goes sideways, you have several smaller parlays. Sure, it’s a bit more complex, but the increased chances of winning make it worth the hassle.
Let’s say you have four teams that you feel confident about: the Red Sox, Mets, Braves and Cubs. A round-robin parlay lets you bet on every combination of these teams. Even if the Mets choke (which they’re known for), you could still win on the other combinations.
Progressive Parlays: The Best of Both Worlds
Progressive parlays are the hybrid cars of the betting world – efficient and reliable. These bets let you lose some games and still win, reducing risk while offering a decent payout. Here’s the catch: The bookie lowers the ceiling on your potential winnings. But hey, a smaller win is better than a total loss, right?
Consider this scenario: You’ve bet on a six-game progressive parlay. The games are:
- Yankees to win
- Red Sox to win
- Dodgers to win
- Cubs to win
- Mets to win
- Braves to win
Even if the Mets and Cubs drop the ball, you can still cash in on the parlay with the other four wins. The payout won’t be as massive as a traditional parlay, but you’re still walking away with profit.
Hypothetical Examples to Nail the Points Home
Let’s piece together a hypothetical example using all three strategies:
Correlated Parlay: You bet on the Astros to win and the game to go under 7.5 runs. The Astros have a stellar pitcher on the mound and their games usually end with low scores when he’s pitching. The final score? The Astros win 3-1. Both bets hit.
Round-Robin Parlay: You select the Yankees, Red Sox, Dodgers and Braves. You create a round-robin parlay with multiple bets like Yankees/Red Sox, Yankees/Dodgers and so on. The Yankees lose, but the other three teams win. Thanks to the round-robin, you still cash in on the winning combinations.
Progressive Parlay: You go for a seven-game progressive parlay with the Yankees, Red Sox, Dodgers, Cubs, Mets, Braves and Phillies. The Mets and Cubs lose, but the other five teams win. You still walk away with a payout, albeit smaller than the original potential.
Wisdom for the Betting Warriors
Before diving headfirst into advanced parlay strategies, remember that even the best-laid plans can go awry. Parlay betting is a mix of skill, knowledge and a dash of luck. Don’t get greedy: start small, understand the intricacies and slowly build your way up.
It’s like seasoning a perfect steak – too much, and you ruin the flavor; it’s too little and bland. Find your betting balance and savor the taste of victory.
Questions Of The Day
What is a parlay bet?
A parlay bet is a single wager that links multiple individual bets, and winning the parlay requires all individual bets to succeed.
