Today's Best Parlays
Have you ever heard of a parlay bet? If not, maybe you’ve heard someone mention an accumulator before? These are essentially the same thing: a type of wager where several selections can be made on the same ticket. All wagers must win in order for a parlay bet to be successful. The entire stake will be lost if even just one of the selected wagers lose. If one or more of the selections push (tie), then the payout is reduced to what it would have been had those selections not been included.
Parlays can be extremely powerful when used correctly. However, this is easier said than done. Since all of the selections need to be correct, they are often very difficult to win. To compensate for that, they offer very high payouts. We would actually go as far as to say that the potential rewards are what makes parlays so attractive, especially to recreational bettors. Unfortunately, most recreational bettors don’t know how to bet parlays effectively.
Best Parlay Odds. It’s always important to get good odds and prices no matter what type of bettor you are. But let’s keep things in perspective when talking parlay odds. Getting better payout odds on your 15 team parlay is like getting your powerball ticket at 25% off. Sure, you were a little smarter in both scenarios, but Warren Buffett. Today's free pick is on the Utes +1.5 at home against Arizona. Utah will head into this game playing with a ton of confidence after a huge rally in Saturday's 77-74 win at Colorado. The Utes have been showing some nice improvements as the season goes on and this has been a very profitable spot to back them as they are a perfect 6-0 ATS last 3.
This article is designed to make using parlays to your advantage easier. We explain one of the biggest disadvantages of placing parlays, and how to overcome it. We also teach you some of the best methods for betting parlays, and provide other useful advice as well.
Recommended ReadingThe author of this article assumes that you have at least a basic knowledge of what parlays are, and how they work. We’ve given a brief overview above, but you can find more information in our beginner’s guide to parlays.
The Problem With Parlays
We’ve already mentioned one of the biggest problems with parlays; they are hard to win. The truth is that it’s hard to win consistently using any type of sports wager, so this is certainly not a problem that’s unique to parlays. There’s another problem with them too though, and it’s an important one to understand.
There’s no reason to get worked up over this though, since technically no sports wager offers true odds. Bookmakers build a commission into the odds that they offer their customers. Commonly referred to as vig or juice, this is one of the main advantages that bookmakers have over their customers. It’s also one of the primary reasons why being a successful bettor is so challenging.
Related InformationOur article explaining how bookmakers make money covers the commission they charge in more detail.
The problem with parlays is that the bookmakers often “shave” their odds. To put it another way, they charge a higher commission than usual.
We understand that this can be a little confusing. To make this clearer, let’s put sports betting aside for a moment and instead focus on the casino game: blackjack. Imagine you buy into a table for $100, bet it all, win, and now have $200 in chips. You then decide to go all in again, win, and have $400.00. You repeat this process four more times going to $800, $1,600, $3,200 and then finally $6,400.
By going all in successfully six times in a row, you’ve turned your $100 into $6,400 of which $6,300 is pure profit. Imagine the next day you show up at the same casino, and there’s a new game offered called Blackjack Parlay. The basics of this game are pretty simple. You make a wager, and if you win six hands in a row, the wager pays 60-1. If you lose any hand before winning six in a row, your full stake is lost.
Would you play this game? Probably not, since just yesterday you discovered that winning six bets in a row effectively paid 63-1. There’s no reason why you would decide to now play it at 60-1. Oddly enough, this is exactly what most sports bettors do when betting parlays.
Parlay Payouts
We already showed you that the fair odds of winning six hands of blackjack in a row are 63-1. We also know that both point spreads and total bets are 50/50 propositions, where the real odds of winning are very close to the odds of winning a hand of blackjack. So, we see why you’d assume that the payout for winning a six team parlay would also be 63-1, but it’s not!
Take a look at the following table, which is an example of the fixed odd payouts a sport betting site offers on parlays. These payouts are fairly typical of what’s available online.
Number of Teams | Odds |
---|---|
3 | 6 – 1 |
4 | 10 – 1 |
5 | 20 – 1 |
6 | 40 – 1 |
7 | 75 – 1 |
8 | 150 – 1 |
Now to be fair to the online betting sites, things are just as bad with the Las Vegas sportsbooks and other bookmakers. So how do these betting sites, sportsbooks, and bookies get away with such highway robbery? Parlays and accumulators target naïve gamblers who either don’t know any better or don’t care to find out if the bets they are placing offer any value.
We want to point out that although the true fair odds for a six team parlay would be 63-1, we could never expect to be offered that price. Bookmakers have to charge their vig, so the true odds would actually be the equivalent of what would be paid if you kept rolling your bet over and over and taking the individual odds for each selection.
ExampleThe standard odds for point spread bets and totals bets, which are typically used to make up parlays, are -110. If you started with $100, and went all in six times at these odds, your final payout for winning the sixth wager would be $4,841.41.
- Stake $100 at -110 Win $90.91 Balance of $190.91
- Stake $190.91 at -110 Win $173.56 Balance of $364.47
- Stake $364.47 at -110 Win $331.34 Balance of $695.80
- Stake $695.80 at -110 Win $632.55 Balance of $1,328.36
- Stake $1,328.36 at -110 Win $1,207.61 Balance of $2,535.97
- Stake $2,535.97 at -110 Win $2,305.45 Balance of $4,841.41
A payout of $4,841.41 from a $100 stake is the equivalent of getting odds of 47.4-1. The good news is that some betting sites don’t use fixed payouts for their parlays, and instead pay based on “true odds.” So a parlay that is made up entirely of selections at odds of -110 would pay out at odds of 47.4-1.
A relatively simple way to overcome the problem of receiving unfair odds for your parlays is to choose the right betting sites. Ones that don’t offer fixed odds for your parlays are a good place to start. Need some help finding these sites? Check out our list of recommendations!
There’s another way to make sure that you get true odds for your parlays, even at sites that offer fixed odd payouts. Keep reading to find out more.
Forcing True Odds for Parlays
The majority of bookmakers and betting sites that effectively reduce the payouts for parlays only do so when bettors exclusively include selections that are priced at odds of -110. By adding any other selection to the picks, such as one priced at -115 or -105, they’re then forced to abandon their poor-paying fixed odds and pay based on true odds.
To put this into context, let’s say you place a six team parlay at your preferred betting site. All six selections are at odds of -110, so the potential payout is at fixed odds of 40-1. What would happen if you instead made 5 selections priced -110 and one selection -120? Your potential payout would then be based on true odds. We’ll show you exactly how this would be calculated below.
Calculating True Odds ParlaysBefore you calculate the payouts for a true odds parlay, you must first convert the odds for each selection into decimal format. This can easily be done using our odds convertor. In the example above, the selections were at odds of -110 (which is 1.9091 in decimal format) and -120 (which is 1.8333 in decimal format).
Now that we’ve successfully converted these odds into decimal format, we just need to use our multiplication skills to figure out the rest. So, with five selections at -110 and one selection at -120, the calculation would be as follows:
1.9091 x 1.9091 x 1.9091 x 1.9091 x 1.9091 x 1.8333
This gives us 46.49, which is the equivalent of 45.49 -1. This is significantly better than the fixed odds of 40-1.
What can we take away from all of this? Whenever a betting site offers unfair fixed odds payouts, we can force them to pay in true odds by making a selection other than -110.
Now that we know how to calculate true odd parlays, it’s time for us to focus on the three scenarios where parlay betting would be most successful.
Best Methods for Betting Parlays
Using Sports Betting Bonuses
If a site offers their bonuses in free play credits as opposed to cash, they might just offer an excellent opportunity for betting parlays. Let us explain. When you bet $100 cash at -110, your essentially risking $100 to win $90.91. If the bet wins, you receive a $190.91 return ($100 stake + $90.91 winnings). When you, instead, bet $100 free play, you receive a return of just $90.91.
The free play is just a onetime use free bet. Whether you win or lose the wager, the free play will be gone. Use your free play wisely. If you decided to bet the free play in a three team parlay, this would give you the same payout as you’d get from rolling your win AND your initial stake forward two additional times.
Here’s the point we’re essentially trying to get a crossed; a free play used in a three team parlay is worth three times more than when it’s used in a point spread bet.
Circumventing Betting Limits
Parlays can be used as a great way to bypass betting limits. For example, recreational betting sites often have a $1,000 max bet on NFL games. If you’re a high roller and see three bets that you’d like to wager on one of those sites, then placing a three team parlay would make the most sense. This parlay would have odds of 5.96-1.
When betting all three teams separately, you’re limited to risking $1,100 to win $1,000. When betting them in a parlay, you’ll be risking an average of $2,185.33 to win $1,986.67 on each. Keep in mind that you’ll lose more often when betting in this way, since all three selections have to be correct.
The higher payouts you receive when you do win should more than make up for the times that you lose, assuming that you’re making wise selections. Regardless, this method can be effective for anyone wishing to bet larger limits.
Correlated Parlays
Correlated parlays are a bookie’s worst nightmare. To explain, let’s say you were given the option to make separate bets on whether it will be cloudy today and whether it will rain today. In this circumstance, a parlay bet would be the best option. You’d either parlay both as yes or both as no. In sports betting, these types of opportunities exist, although their correlation may not be as intense.
An example is a college football point spread of -21.5/+21.5 with an over/under betting total of 44.5. In this case, it probably makes sense to parlay the favorite and the over, or the underdog and the under. It doesn’t always work out, but the parlay seems to present more expected value than the straight bet here.
Additional Strategies to Consider
Combining the use of parlays with a sound strategy for buying points can be profitable. Only attempt this if you know how to buy points efficiently though. The best sport for doing this is probably football, and we have an article in our football guide that focuses on strategy for buying half-points. Anyone interested in more advanced betting would benefit from reading through this article.
If football is your sport, and you enjoy betting parlays, we’d also suggest learning how to bet NFL teasers. These are modified versions of parlays that move point spreads and totals in your favor. When used correctly, they can be one of the best weapons a bettor has in his arsenal.
Here you will find the best NBA picks as well as parlays for all of today's games. All of our expert NBA predictions are against the spread. (ATS) This page will be updated daily so bookmark this page.
Houston Rockets vs Charlotte Hornets Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Tony Sink - 2/7/2021
The Houston Rockets are scheduled to meet the Charlotte Hornets at Spectrum Center on Monday, February 8, 2021. Houston opens this game as 2-point dogs. The total has been set at 227. This matchup report includes odds, betting trends and a free pick against the spread.
Toronto Raptors vs Memphis Grizzlies Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Josh Schonwald - 2/7/2021
The Toronto Raptors are set to meet the Memphis Grizzlies at FedExForum on Monday, February 8, 2021. Toronto opens this contest as 1-point favorites. The total is set at 222.5. This matchup report includes betting lines and our pick of the day for this game.
Washington Wizards vs Chicago Bulls Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Guy Bruhn - 2/7/2021
The Washington Wizards are set to go head to head with the Chicago Bulls at United Center on Monday, February 8, 2021. The spread on this contest has Chicago as 3.5-point favorites. The O/U opens at 222.5. This report includes betting odds and our expert NBA picks for todays game.
Minnesota Timberwolves vs Dallas Mavericks Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Parlay's Pundit - 2/7/2021
The Minnesota Timberwolves are scheduled to play the Dallas Mavericks at American Airlines Center on Monday, February 8, 2021. Minnesota opens this matchup as 9-point underdogs. The over/under has been set at 222. We have included an expert pick and parlay for todays game against the spread.
Golden State Warriors vs San Antonio Spurs Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Tony Sink - 2/7/2021
The Golden State Warriors are set to go head to head with the San Antonio Spurs at AT&T Center on Monday, February 8, 2021. San Antonio opens this matchup as 1.5-point favorites. The total opens at 233. This Matchup report includes Vegas odds and a free basketball pick for tonight.
Cleveland Cavaliers vs Phoenix Suns Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Guy Bruhn - 2/7/2021
The Cleveland Cavaliers are on the docket to meet the Phoenix Suns at PHX Arena on Monday, February 8, 2021. Cleveland opens this contest as 3-point dogs. The total has been set at 221.5. This games report has current odds, betting trends, and free picks against the spread.
Oklahoma City Thunder vs Los Angeles Lakers Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Parlay's Pundit - 2/7/2021
The Oklahoma City Thunder are scheduled to play the Los Angeles Lakers at STAPLES Center on Monday, February 8, 2021. Los Angeles opens this game as 12-point favorites. The total has been set at 218.5. We have included an expert NBA pick and parlay for todays game ATS.
Milwaukee Bucks vs Denver Nuggets Prediction, 2/8/2021 NBA Pick, Tips and Odds
by Josh Schonwald - 2/7/2021
The Milwaukee Bucks are scheduled to play the Denver Nuggets at Ball Arena on Monday, February 8, 2021. The spread on this contest has Denver as 1.5-point favorites. The O/U is set at 227. This matchup report has Vegas lines and an expert NBA basketball pick for your daily winner.
Miami Heat vs New York Knicks Prediction, 2/7/2021 NBA Pick, Tips and Odds
by Guy Bruhn - 2/6/2021
The Miami Heat are scheduled to go head to head with the New York Knicks at Madison Square Garden on Sunday, February 7, 2021. The odds on this game have Miami as 6-point favorites. The over/under has been set at 227. This report includes betting odds and our expert NBA picks for todays game.
Washington Wizards vs Charlotte Hornets Prediction, 2/7/2021 NBA Pick, Tips and Odds
by Josh Schonwald - 2/6/2021
The Washington Wizards are scheduled to take on the Charlotte Hornets at Spectrum Center on Sunday, February 7, 2021. Washington opens this game as 2.5-point favorites. The total is set at 220.5. This matchup report includes betting lines and our pick of the day for this game.
Utah Jazz vs Indiana Pacers Prediction, 2/7/2021 NBA Pick, Tips and Odds
by Tony Sink - 2/6/2021
The Utah Jazz are on the docket to take on the Indiana Pacers at Bankers Life Fieldhouse on Sunday, February 7, 2021. Indiana opens this matchup as 3.5-point underdogs. The total opens at 223. This matchup report includes odds, betting trends and a free pick against the spread.
Boston Celtics vs Phoenix Suns Prediction, 2/7/2021 NBA Pick, Tips and Odds
by Parlay's Pundit - 2/6/2021
The Boston Celtics are on the docket to go head to head with the Phoenix Suns at PHX Arena on Sunday, February 7, 2021. Boston opens this matchup as 3.5-point dogs. The over/under is set at 225.5. We have included an expert pick and parlay for todays game against the spread.
Sacramento Kings vs Los Angeles Clippers Prediction, 2/7/2021 NBA Pick, Tips and Odds
by Tony Sink - 2/6/2021
The Sacramento Kings are on the docket to meet the Los Angeles Clippers at STAPLES Center on Sunday, February 7, 2021. Los Angeles opens this matchup as 8.5-point favorites. The total has been set at 233. This Matchup report includes Vegas odds and a free basketball pick for tonight.
Brooklyn Nets vs Philadelphia 76ers Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Parlay's Pundit - 2/5/2021
The Brooklyn Nets are scheduled to play the Philadelphia 76ers at Wells Fargo Center on Saturday, February 6, 2021. Philadelphia opens this contest as 1.5-point favorites. The over/under opens at 228. We have included an expert pick and parlay for todays game against the spread.
Minnesota Timberwolves vs Oklahoma City Thunder Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Parlay's Pundit - 2/5/2021
The Minnesota Timberwolves are on the docket to take on the Oklahoma City Thunder at Chesapeake Energy Arena on Saturday, February 6, 2021. The odds on this matchup have Minnesota as 2-point favorites. The O/U has been set at 219.5. We have included an expert NBA pick and parlay for todays game ATS.
Detroit Pistons vs Los Angeles Lakers Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Josh Schonwald - 2/5/2021
The Detroit Pistons are on the docket to take on the Los Angeles Lakers at STAPLES Center on Saturday, February 6, 2021. Detroit opens this matchup as 10.5-point dogs. The over/under opens at 224.5. This matchup report includes odds, betting trends and a free pick against the spread.
Toronto Raptors vs Atlanta Hawks Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Tony Sink - 2/5/2021
The Toronto Raptors are scheduled to take on the Atlanta Hawks at State Farm Arena on Saturday, February 6, 2021. Toronto opens this matchup as 2.5-point underdogs. The total is set at 223.5. This Matchup report includes Vegas odds and a free basketball pick for tonight.
Denver Nuggets vs Sacramento Kings Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Guy Bruhn - 2/5/2021
The Denver Nuggets are set to play the Sacramento Kings at Golden 1 Center on Saturday, February 6, 2021. Denver opens this matchup as 4-point favorites. The total is set at 230. This report includes betting odds and our expert NBA picks for todays game.
Chicago Bulls vs Orlando Magic Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Josh Schonwald - 2/5/2021
The Chicago Bulls are set to take on the Orlando Magic at Amway Center on Saturday, February 6, 2021. Chicago opens this game as 1-point favorites. The total opens at 223.5. This matchup report includes betting lines and our pick of the day for this game.
Memphis Grizzlies vs New Orleans Pelicans Prediction, 2/6/2021 NBA Pick, Tips and Odds
by Guy Bruhn - 2/5/2021
The Memphis Grizzlies are set to play the New Orleans Pelicans at Smoothie King Center on Saturday, February 6, 2021. Memphis opens this contest as 2-point dogs. The O/U has been set at 226. This game report has an NBA basketball pick, betting odds, and trends for tonights key matchup.
1 234567891011 ... 444 Next >>Please note that the NBA picks above for tonight's games are not computer based picks. All of these articles are written by our talented staff. If you have any comments or suggestions please email service@docsports.com
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NBA Picks Against the Spread
Most NBA bettors are going to make NBA picks against the spread. This is also known as NBA picks ATS. Sportsbooks give each NBA team a handicap of X amount of points. That means if books think the Lakers are 4 points better than the Celtics they will offer a line of Lakers -4. If a Doc's handicapper has reason to believe the Lakers are much more than 4 points better, his pick against the spread would be to take the Lakers -4. This is how all bets on the spread work unless bookmakers consider both teams to be evenly matched, in which case the line is a pick, AKA pick'em. At Doc's the majority of our NBA selections are against the spread. However, there can be outstanding value on betting NBA totals.
NBA Over/Under Picks
The pace of the game, as well as which team dictates the pace, is a key factor when handicapping basketball games. When pace is an especially strong signal, it may dictate a pick on the over/under. An NBA over/under pick is another way of referring to a prediction on an NBA game point total. NBA total lines are usually well above 200 in today's NBA making them harder for the betting public to find value. For example, the 2004 Detroit Pistons team was very consistently within 5 points of the 90 they averaged. In today's NBA, greater scoring means greater variance. However, professional basketball handicappers can use this to their advantage as the sportsbooks also try to keep track of the higher scoring NBA totals. Doc's sports NBA total picks are some of the best in the business and our total prediction write-ups are insightful. Along with offering our NBA expert picks, we provide free selections that are intended to help bettors with their handicapping legwork.
NBA Parlay Picks
Parlay picks are sucker bets they say! Never bet and NBA parlay they say! Bettors that speak in these absolutes clearly haven't learned how to find value betting basketball. Sure, the payout on parlays at most sportsbooks have gone down to the point where putting two of your picks together for the sake of winning more is not a good investment. But what if your parlay picks could be made on the same game? That is called a correlated NBA parlay. Many sportsbooks offer the ability to make NBA bets against the spread and total in the same game. So if you have a great read on a game and expect one team to quit and fall behind, you may decide to make an NBA parlay prediction. At Doc's our experts will offer a free parlay pick in rare cases. It is not common because we need to find value for our customers on both lines before they move. If our parlay prediction is indeed on the same game, we need to confirm there is value regardless of the fact that you can't line shop the odds on a parlay. Both bets in a parlay must be made at the same sportsbook. If there is a free selection on the total over of -14 and under 200 it was offered knowing that those lines can be found at most Las Vegas sportsbooks and online.
NBA Playoff Predictions
Once the regular season is over the NBA tends to resemble the national football league in many ways. Bettors have much more time to make their NBA playoff picks as teams travel to each other's arenas and rest between series. Making successful NBA playoff predictions is as much about when you bet as it is who you bet on. A series might not start for days. That means an NBA spread may move quite a few points especially as the public bets closer to the action. If we see value in a playoff prediction it will rely heavily on getting the line we are quoting in said NBA pick. In the words of the great Tony George, 'We are betting numbers, not teams!' That may not be more relevant than when making picks on the NBA playoff games.
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