Now that the NFL season has started, people are making NFL picks against the spread all of the time. This is definitely a great way to bet on sports, but that also limits the amount of money that can be won.
Parlay betting is now one of the most popular ways to bet on sports, and there is a good reason for that. This option offers the chance at a large payout as long as you are willing to take on a bigger risk.
Creating the perfect parlay isn’t something that is easy to do, but there are a few tips that you can use to help you become successful at this. You don’t have to follow the tips that are listed below, but you are going to be relying on plenty of luck if you just continue to do things without a plan in place.
Show Some Restraint
The first tip for creating a perfect parlay might seem a little strange, but you need to show some restraint when putting together this type of wager. The very nature of parlay betting is to include multiple bets, but it’s important to know when enough is enough.
It can be extremely tempting to add another leg to your already solid parlay because the potential payout increases by a large amount. You also have to realize that you are making the bet even harder to win, and the ultimate goal is to hit on a parlay.
Experts would suggest sticking to 3-5 legs on your parlay, but it really depends on what betting markets are available for that day. Take a good long look at the odds and use your best judgement when building your parlay.
Look at Multiple Sports
Football is clearly the most popular sport to bet on, but that doesn’t mean that you can’t focus on other sports as well. If you want to build up a perfect parlay then you need to take a look at all of the available sports on a particular day.
When you are looking at multiple sports to include in your parlay then you only want to stick to sports that you know or are familiar with. You also need to do your research on all of the games that you are considering to determine if they are good options or not.
Be Sure to Hedge!
Finally, you don’t just want to build a parlay wager and then sit back and wait for the results. You need to be following along with the action because there is a way to give yourself a little bit of insurance.
If you have already hit on all of your parlay legs but one then you will want to “hedge” your bet by placing a wager on the opposite side of your original bet. This will subtract some from your potential winnings, but you will also guarantee that you at least win something.
This is one thing that many bettors forget to do, and it can be a costly mistake.