Parlay betting in the NBA (as in other sports) means combining multiple sport selections into one single wager. The upsides are many, for example, absence of juice, the high possibility of bet-hedging, and possibly big payouts on relatively low-risk bets. The main drawback is that successful parlay bettors need to pick more than one game successfully, in a market where picking only 1 contest the ideal way can sometimes seem impossible.
The appeal of parlays is easy to view — bettors who like to have a tiny risk so as to acquire a possibly big reward are anywhere. Parlays are a kind of exotic bet that’s not too exotic, more thrilling than a straight-up moneyline or over/under wager, but not so stimulating that bettors are reaching to get a dose of stress medicine.
Parlays have odds dependent on the magnitude of this pool of games chosen and the preferences of the bookmaker that a bettor buys the parlay from. Generally , parlay payouts at the NBA seem something like this.
The number near the size of the parlay indicates that the payout, so that a successful 3-team parlay pays $6 for every $1 wagered, etc..
Yes, the bigger payout is because of greater risk, something which’s always the case in sports gambling (or casino betting for that matter). However, the largest payouts on parlays (as much as 1,800/1 to get a thriving 12-team parlay bet) take the largest danger, and an easy 2- or 3-team parlay wager can be several times more valuable than individual bets on those two or three matches.
With our above example, a bettor could ditch the Cavs and Spurs picks to a single bet for a possible 6/1 payout. If either of those picks fails, the entire bet fails — there’s your increased risk.
Parlays can get a bit more complex when placed on multiple odds lines — bettors are able to place parlays on the moneyline, over/under, and point spread, all in precisely the exact same bet. Parlays are endlessly interchangeable, and that’s another big part of their allure, and the reason they can be approached somewhat strategically
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