How to Win Parlays: Sports Betting Strategy and Multipliers

Parlays. The word itself just rolls off the tongue and feels like you’ve got a shot to win big. By taking a set of bets, rolling them into a single package, and sprinkling a little cash on it, you can be the beneficiary of the multiplying effect and win big. But, parlays have some risk to them. With so many legs needing to hit, the house and corporate gambling gain an edge with each leg. So how can we, the everyday gambler, gain an edge, and what can we do to win our parlays?

How to Win Parlays: Sports Betting Strategy and Multipliers

When you are starting to bet, you need to understand what types of bets are available to you. Parlays are one of those, and they are one of the best multipliers and tools you can have to build your bankroll if you know how and when to use them. A parlay is a multi-leg bet where each additional leg adds a multiplying effect on the bet as a whole. See the table below for how quickly this can escalate.

With all of this in mind, it can be incredibly enticing to get an itch and lay down an eight-leg parlay every single day until you hit it big, but if you go it alone, it can be dangerous. So what can you do to gain an edge? Is there any single strategy or key to winning that parlay and keeping the betting magic alive? Yes, there is! First thing to do, of course, is head over to YouTube or Spotify and subscribe to the Sports Gambling Podcast, or any other show on the network, and LET IT RIDE!

Do Your Research

The first thing you gotta do is get in the weeds. With mountains of data across every single sport, there is no shortage of information available. From high-level counting stats that you can find at Sports Reference, ESPN, or any other sports site. These are great for quick glances to see what a player or team has done and what some trends may look like from game to game or season to season.

At a surface level, these sites can provide some insights and valuable information, but they are looking backward and purely focus on results in the past. If you are looking for something a little more predictive, you could turn to a site like Pro Football Focus or any number of similar sites. These sites begin to shape player performance in a holistic manner, identify player performance based on film or other analytics, and avoid using stat production.

Using all the stats, trends, and metrics at your disposal is key. The worst thing you can do as you construct a parlay is go off your gut and wing every single leg. Sure, a leg here or there on a whim is okay, but if all you’re doing is ignoring data, you’ll be hard-pressed to cash your parlays.

Build Purposefully

Sure, throwing down a single parlay feels great when it hits. You’re the ultimate sharp then. You nailed your six-leg parlay and didn’t need to play any other bets on the weekend to win big. However, throwing a single shot in the dark is going to leave you hanging more often than not. So many things need to go right for your parlay to hit, and just one stroke of misfortune can derail the entire thing.

This is why you want to do things like scaffold your parlay. Place a few two or three-leg parlays using parts of the larger six-leg parlay. Even with two or three bets, you can still get a nice multiplier effect and can hit it big and cash in. After all, we are out here to make a little green, enjoy the sweat, and take down Corporate Gambling. By placing some smaller parlays in addition to the bigger ones, you can leverage your knowledge into better bankroll management and more wins.

Additionally, if you like all the individual bets in a parlay, don’t be afraid to sprinkle a few partial units on them as individual bets. By laying a foundation with these individual bets, you can build your bankroll and provide some insurance just in case the parlay does not hit. By placing your parlays and using them as part of a balanced portfolio, you can build a better ticket.

Leverage Your Tools

Listen, player props are awesome to bet. And multi-leg prop parlays are a great time, too. However, no matter how much research you do, you are only human. In the 21st century, we have machines that can add a multiplying effect to your sports knowledge and help you take on Big Gambling. Whether you are using tools that manage your bankroll, expand your instant access to odds, or give you better predictions and identify key pieces to bets, you would be foolish not utilize them.

As we talked about above, using parlays as the cherry on top of your betting ticket and thinking of them as part of your larger portfolio is one way to better attack this volatile market. As with any market, you want to identify plays that are good, sound building blocks. One way to do that is by using a tool like Rithmm’s Parlay Pieces tool.

Using this tool, you can ask their system to analyze lines across books, take into account their predictions for a result, and sprinkle in some other voodoo (technological wizardry and optimization that feels like voodoo), to identify key building blocks for your next parlay.

With a massive data inventory and the ability to instantly build out parlays using their predictions and market analysis, Rithmm can create a huge advantage for you. It condenses all the knowledge you could possibly need down into one single, easy-to-use format to build your next winning parlay.

How to Win Parlays

As with any sort of gambling, there is risk, and nothing is guaranteed. However, parlays can be a fun way to expand your betting portfolio and increase your sweat on game days. Whether you are using game lines, props, or any other bet, building the right parlay is a force multiplier in the fight against Corporate Gambling.

Just remember our key steps to betting and winning your parlays. Do your research, build purposefully, and leverage your tools. Once you have hit on all three steps, there is one last component to your parlay strategy, just LET IT RIDE!