What to avoid with parlays?

Smartphone, cups, two cards and a soccer ball

Smartphone, cups, two cards and a soccer ballParlays are great, in that bettors can use them to make a large amount of money in a short amount of time if they are able to place a winning wager. But that doesn’t mean that parlay bets are always a good decision. There are so many more things that can go wrong in a parlay than in a straight bet, to where it is often more difficult to win a parlay than it is to just win with a big underdog in a straight wager. There is nothing wrong with placing some parlay bets, but bettors should be aware of some of the things that can be avoided when they do so. This advice can save bettors from making poor choices with their parlays, and can help them enjoy a healthier bankroll in the long run. As long as you remember these tips, your parlay bets should be much stronger overall.

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Don’t place too many parlays

The fun of parlay bets is that they are challenging and that they offer a large potential payout depending on the number of legs in the wager and the odds for each of those legs. But parlays should often be thought of like dessert. They can be delicious and much more fun than dinner, but that doesn’t mean that you should eat dessert all the time. The said can be said for placing parlay bets.

Sure, a parlay can pay out a lot more than a steady diet of straight bets, but parlays are not as good for bettors overall. Instead of the health of a person being impacted by these decisions as in our dessert analogy, it is the health of a bettor’s bankroll that would be impacted by placing too many parlays, due to the longer odds of winning those be<ts.

Bettors should approach parlays the same way that they do other luxuries, which is to use them sparingly and only when a bettor can afford to do so. Otherwise, they set themselves up to be too reliant on a type of bet that often doesn’t carry the return on investment needed to justify it.

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Avoid parlays after a losing a wager

After losing a wager, you’ll often see bettors try and chase that loss by throwing down a parlay bet. The reasoning behind this makes sense, as a bettor wants to quickly make up for the funds that they lost on their last bet by winning big in their next wager. But this is a flawed concept, as following up a losing bet with a wager with even lower odds of succeeding isn’t the way to get back on the right track.

Instead, a bettor who just suffered a loss would be best served trying to come up with the strongest wager possible in the immediate aftermath. A straight bet that they spent time finding an edge on may not carry the same allure as a big parlay payout, but it is a lot less volatile, and stability is always just what the doctor ordered after a loss. If you want to try your skills, take a look at the following sites.

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