Same game parlays - what are they?
Sports betting has seen huge growth in recent years thanks to changes in regulations and improved technology opening up the market to a wider, more accessible audience. Now regarded as a fun way to add some extra excitement to game day, the industry expects to see a substantial surge in sports betting going forward. The investment bank Goldman Sachs estimates that the online market could reach a staggering $39 billion in annual revenue by 2033. Thats up from just under a billion dollars in 2021.
Many bettors have their favourite sports betting strategies, including hedging, matched bets, value bets, arbitrage and more. Depending on your experience and bankroll, bettors will favour one method over another, but a strategy that is currently exploding in popularity is the single game parlay. If it's new to you, then were going to do our best to help you get an understanding of a same game parlay.
What is a Parlay?
Most sports fans will be familiar with a parlay bet, otherwise known as an accumulator or multi-bet. This betting strategy is a great opportunity to use your sports knowledge or research skills to help give your bets an edge.
Parlays can result in bigger pay outs from smaller stakes and offer serious excitement should your bet come in. The idea is simple enough, a parlay bet combines multiple wagers into one bet, so if your first bet wins it is rolled over into the next wager and so on. However, each of your bets must win or its all over.
What is a Same Game Parlay?
Also known as a single game parlay or one game parlay, a same game parlay is the just like a normal parlay bet, except it allows bettors to combine several bets on to one single game.
For example, if you're betting on an MLS match it's possible to place multiple bets on that game, such as total goals scored, first goal scorer, number of yellow cards, number of corners and so on. Because all of these bets are connected, and in some cases dependent on one another, the odds are greater and therefore offer potentially greater rewards.
Most online sportsbooks now offer same game parlays on multiple sports, including football, soccer, NFL, NBA, MLB, and NHL, so there's no shortage of opportunities to give it a try.
How Odds Work on Same Game Parlays
The odds you get when placing each leg of your single parlay bet will be the same as the odds you get when you place a single bet on the same event. The big difference is that the odds will change as you add to your parlay and potentially offer bigger pay outs.
For example, if you place a bet on the NBAand pick Milwaukee Bucks to win and Giannis Antetokounmpo to score over 25.5 points, the odds probably wont increase that much as the two selections are closely related. Which means, if Antetokounmpo is on form and scores a lot of hoops, then the Bucks are more likely to win.
Another way to approach it is by creating a bet with selections that appear to go against each other. For instance, you could bet on Giannis Antetokounmpo to score over 25.5 points and the Bucks lose. That means the odds may be better than they would be in a standard parlay.
Advantages of One Game Parlays
- This strategy provides an opportunity for higher pay outs from a single game than would normally be available from more conventional bets.
- It is an easy and exciting way to add an extra edge to every minute of the game.
- Offers quicker returns than a standard parlay that is spread out over a longer timeperiod.
- Potentially much bigger odds for smaller stakes.
Tips for Betting Same Game Parlays
Do your Homework
It goes without saying that the more research you do, the better your chances of laying a successful bet. So, check out the latest news, follow expert opinion, watch injury updates and keep an eye on weather reports! That way you're going to have a far better idea of how the game will shake down and improve your odds of success.
Many bettors use more than one betting strategy when it comes to sports betting, so if you havent tried a single game parlay yet, then why not give it a try? Its a great way to add some extra excitement to any game youre watching.