NFL Parlay Betting
NFL parlays are easily the most wagered bet type in pro football betting markets aside from straight wagers on sides and totals.
An NFL parlay bet, also known as a multi-bet, is where you wager on different NFL football games and outcomes. You can combine sides, totals, and moneylines. The bets don’t need to be in chronological order (but usually are), but they all must win for the parlay to be graded as a winner.
This type of bet gives you a chance to win more money than if you just placed the same bets individually.
In this article, we will go through specific NFL parlay betting strategies and pro tips. We’ll share the best sites to place parlay bets and discuss some of the ins and outs of football parlay betting to increase your chances of winning.
Everything About NFL Parlay Betting
NFL Betting Sites For Parlay Bets
How To Bet NFL Parlays (The Smart Way)
One of the biggest mistakes that bettors make when it comes to betting parlays, especially those betting football, either pro or college, is not limiting their parlays or number of selections in each parlay.
Too many football gamblers don´t follow the NFL parlays rules and decide to try and take a shot at the whole slate, often placing 8-10 team parlays. They’re playing right into the hands of the oddsmakers.
Parlays can be profitable (although, most times it’s still usually better to place straight wagers) but they are certainly not profitable when there are more than three teams or selections. The sportsbooks adjust their odds rapidly to deal with the increased risk of each payout. This is why we recommend limiting your parlays to 2-3 selections.
With two teams, the offshore betting odds are +264 at most sportsbooks. The true odds of this parlay are +300. With three teams, the offshore odds are +600, but the true odds are +700. The bookies have an advantage here, but it’s a much slimmer one than the one they get as the number of teams increases.
NFL Football Parlay Example
The image in this section is a typical example of how an NFL parlay bet slip looks like. As you can see, it consists of 3 selections on 3 individual outcomes for different football games that take place chronologically.
Right under the selections, you can find the parlay bet risk and the possible payout in case of winning all three bets.
Keep in mind that NFL parlays of more than 2-3 teams are a quick way to lose your bankroll quickly. The payouts may seem enticing with these bets, but the sportsbook’s advantage is far more significant than any 2-3 team parlay.
If you are looking to bet on more than three games, you might be better off placing straight wagers on sides, totals, and NFL moneylines as individual bets.
Place NFL Parlay Bets At The Top Online Sportsbooks
Ready to bet NFL football parlay bets? Finding a trusted sports betting site is an important step. MyBookie is an excellent option to wager on football parlays.
|Rank||NFL Sportsbooks||Deposit Bonus||Highlights||Get Started|
|1||BetNow||Deposit Bonus 100% Up To $500||
|2||Bovada||Deposit Bonus 50% Up To $250||
|3||MyBookie||Deposit Bonus 50% Up To $1,000||
Read Our Complete Review Of The Best NFL Betting Sites
NFL Parlay Betting Odds Per Site
Most betting sites pay +264 on two-team parlays, however, check out the chart below before making a deposit if you think you’ll be betting a lot of parlays. To learn more about other football betting strategies visit our NFL Betting Guide.
NFL Parlay Betting Strategies
Now we’ll dive deeper into strategy applied to the NFL parlay bets market. This should be used by bettors who have prior experience in online betting. If you are new, go ahead and try but do it with caution.
Pro Tip #1Using Parlays to Clear Bonuses
When you sign up for an NFL betting site you will almost certainly receive a deposit bonus. If you’re smart, you will maximize this bonus, as there is no downside to freeplay funds and these can be helpful when building a bankroll, early on.
However, it’s important to remember that free play bonuses do not work the same way as cash or cash bonuses. And, it’s quite rare that betting sites offer cash bonuses these days.
Free plays and cash bonuses, also come with a rollover, which is considerably more than the 2x rollover most sportsbooks require when you make a deposit with cash.
Free play bonuses will only return the amount won and not the staked amount. For instance, if you bet $110 to win $100 on a side or total, if you win your bet, you would receive the $110 back and see your account grow $100.
That’s not the case when it comes to free play.
How Do Free Play Bonuses Work?
If you win a bet with free play, you will receive the amount won, but the free play will not appear back in your account. Using the same scenario, and betting amounts – you would not see $210 returned to my account, in the form of free play, but would only see the $100 amount from your winning wager.
Since free plays don’t work the same way as cash, it makes sense to run them through several times to maximize their upside. That means betting 2-3 game parlays.
We don’t want to go higher than that, again, the edges by the sportsbooks are too high to bet more than three-team parlays. It’s almost always the correct move to clear your free play bonuses by betting parlays.
Unless you have a substantial edge on a proposition bet (although, many sportsbooks won’t let you clear free plays on props).
You should be able to find edges on NFL games if you bet at the right sportsbooks. Betting these games on straight wagers and also wagering them in freeplay parlays is an excellent strategy that will grow your bankroll and maximize your wagering opportunities.
Pro Tip #2Clearing Rollovers with NFL Parlay Bets
Parlay bets are an excellent way to clear an NFL betting bonus rollover. As discussed above, free play bonuses don’t work the same way as cash. Free plays will only return the win and not the staked amount.
Parlay bets allow players the chance to utilize the same free play more than once. As they are the only types of bet that continuously places the stake and win onto the next selection.
3-Team Parlays: The Most Optimal For Clearing Rollovers
The 3-team parlays are the best for accomplishing this goal. These bets would not have a positive expectation under any other scenario but are extremely valuable for free play bonuses.
Bettors will be able to apply the free play stake to three different bets, which maximize their chance of winning.
Further, the 3-team parlays not only give you the best odds, but most free-play wagers have limits on the amount players can win. They are capped at several thousands of dollars, which means betting larger parlays makes little sense since their winnings will be capped.
Pro Tip #3Circumventing Betting Limits
Another reason to bet parlays is because you’ve bet the maximum allowed on a straight wager and wish to get more money down on a side that you believe is a profitable bet.
Pairing this bet with another wager that you also believe to be profitable is an excellent way get more money down on +EV wagers.
For instance, if your sportsbook has a $5,000 maximum win amount on NFL sides, but you really like the Browns at +7. You have bet your maximum $5500 to win $5,000, but still, you wish to bet more on the game.
You can then parlay the Browns +7 with another side or total and get down $1,000 or more on a 2-team parlay, even at sportsbooks with extremely low limits.
This usually won’t draw flags from management, if done sparingly, but if you’re maxing out sides and parlaying them with other bets on a regular basis (and winning) – this may become an issue eventually that can cause your account to be limited.
Pro Tip #4Disguising Your Player Profile
Speaking of getting accounts limited, that’s another reason to throw in some parlays or other exotic bets that are -EV or possibly break even.
It’s important for bettors to understand that every account has a profile. Managers will look at your account and label you as a recreational player, a sharp bettor, or something in between. That, of course, can also change depending on what type of bets you make and your profits.
Parlays, generally, are poor wagers. It almost always makes more sense to bet sides, totals, and moneylines as straight wagers or to bet parlays in smaller amounts with your straight bets. That’s certainly a viable strategy when betting sports online.
How Placing Parlay Bets Can Help?
Parlays may throw management off your back, at least, for a while, if you are a profitable bettor.
If you’ve won money long enough betting sports, there is no doubt you’ve had your betting limits reduced to near nothing, and in some cases, having your action completely cut off.
When risk management looks at your account and sees nearly 100% straight wagers and few parlays or other exotic bets they’re likely going to think you have a clue when it comes to betting sports. Especially, if you’re winning and getting good numbers.
Throwing parlays into this, even if you’re placing the same wagers, but adding a few parlays here and there, can allow you to keep your betting limits higher and prolong the use of your account. This is particularly true for sportsbooks that are aggressive with cutting betting limits on any player they suspect is sharp.
Pro Tip #5Using Fixed Odds In Parlay Betting To Your Advantage
At many sportsbooks, fixed football parlay odds only apply to selections that are -110. Bettors can add another selection that isn’t -110 into their parlay and force a fair calculation.
For instance, if you bet a three-team parlay with two selections at -110 but another at -120, you’re going to end up with a potentially higher payout with the true odds.
This is particularly notable for football betting markets. Many sportsbooks won’t come off certain numbers and will adjust their moneyline odds on the attached point spread far beyond -110.
It’s important to be sure how your sportsbook is calculating their parlays before trying to use this to your advantage.
NFL Parlays – Frequently Asked Questions (FAQ)
Bettors can select from sports betting sides, totals, and moneylines and then add these selections into parlay wagers. You can even parlay player or team props at some NFL betting sites.
A parlay is a single betting market that allows bettors to combine multiple wagers or legs for an increased payout. However, all bets need to win for the parlay to be graded as a winner.
It depends on the sportsbook, but we’ve seen online sportsbooks offer parlays up to 15 teams or selections.
The standard payout for a 3 team parlay is +600 or 6/1.
Not always, but bettors should never bet parlays that are higher than two or three teams. Parlays are most useful when clearing bonuses that come in the form of freeplay.