The BEST Way to Bet Parlays and Make Money!
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- Опубліковано 19 чер 2024
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email: Alex@OddsJam.com
Hey there! Ready to dive into the world of sports betting? Today, we're tackling the topic of parlays in our video, "The Truth about Parlays - Should You Be Betting Them?"
In this video, we'll uncover the ins and outs of parlays, discussing whether they're a smart choice for your betting strategy. We'll break down the risks and rewards, giving you the information you need to make an informed decision.
Join us as we explore the fascinating world of parlays, sharing valuable insights and tips along the way. Don't miss out on this must-watch video if you're serious about sports betting!
00:00 The Truth about Parlays - Should You Be Betting Them?
01:15 Why would you place straight bets vs. parlays?
02:08 What is a Parlay?
03:26 How do Sportsbooks come up with Parlay odds?
05:57 Why Parlays are very risky
08:43 How can you make money betting on Parlays?
13:18 How to find winning bets for a Parlay
#sportsbetting #sportsbettingtips #parlays - Спорт
OddsJam Positive EV Tool: oddsjam.com/betting-tools/positive-ev/?ref=a1&UTM_source=yt_o&UTM_campaign=2024Parlays
OddsJam Fantasy Screen: oddsjam.com/fantasy-odds/prizepicks/?ref=a1&UTM_source=yt_o&UTM_campaign=2024Parlays
All sportsbook sign-up bonuses in your location: oddsjam.com/free-bets/?ref=a1&UTM_source=yt_o&UTM_campaign=2024Parlays
OddsJam Arbitrage Betting Tool: oddsjam.com/betting-tools/arbitrage/?ref=a1&UTM_source=yt_o&UTM_campaign=2024Parlays
email: Alex@OddsJam.com
Love this … I’m actually hitting parlays too because of you & the math … also , the positive correlation you’ve taught us 💪💰💰
Sir. Your videos are especially helpful to us newbies in NC which opened last week. Thank you.
Thanks so much for watching!
Very informative video, thanks!
Thanks for watching!
You the goat 🐐
Me watching this video after placing my 5 parlays 👀🍿
I actually started sports betting with Betr, fanduel just became legal here in NC and ive been doing good. 2 leg and 3 leg parlays are tooo bad but can definitely be stressful. Im picking the highest probability odds in each legs though . Last night i was down until the end of the lakers game where i finally made my money back and some profit
Hi Alex, which would you consider higher value: if PP has a points line at 21.5 and all the sports books have it at 22.5 -110 on the over or PP is 22.5 with the other books but the books are around -145 on the over? Basically how much do you value a point in comparison to the juice?
That is a great question. I definitely think I would take the point higher in this case. Especially if those other books are juicing it that much, because at least then you can still get better value on PP adding it to a 5/6 pick.
If your disadvantage compounds in parlays, making it a really bad bet in that scenario, does that mean its the opposite when you're at the advantage making parlays even better than the single bet?
Exactly. Edge compounds if you're bets are good. So it's easier to have a higher ROI betting parlays (in terms of percentage). Just more variance.
Parlaying anything off the positive ev page is profitable Alex correct?
Yes
Sometimes when using the parlay building on Oddsjam, the parlay odds displayed in the sportsbook (usually Draftkings) are different than displayed on Oddsjam, even if each individual leg's odds are the same as displayed on Oddsjam. I don't place those bets unless I have a substantial promotion. Do you know why this happens? I've assumed Draftkings is just giving unfair odds
Are any of them SGP's? Could be docking you for correlation.
@@OddsJam Yes they're always SGP, thanks
so if you had a 3 leg parlay with say -215, -215, -180. for the lines on your picks. is it fair to say that the win probability is in your favor?
No, you can use the OddsJam Implied Probability Calculator to do the conversions for you (oddsjam.com/betting-calculators/implied-probability), but here is the math for that hypothetical parlay:
(-215) 68.25% x (-215) 68.25% x (-180) 64.29% = 29.95% = +234 Odds
Your win probability for that parlay would be roughly 12% if you just picked it blindly (50% x 50% x 50%). You'd need to win 30% of the time to break even. In order to ensure long-term profitability with a parlay like that, you'd need to find plays for each of those legs that are winning at a higher rate than the odds for the play. For example, on a -215 play, you'd need to find a play that's winning at a higher rate than 68.25% of the time.
This is what the OddsJam Positive EV Tool helps you do. It compares all sportsbooks lines and prices and helps you find plays that have a mathematical edge (i.e the probability of that play winning is higher than the odds the sportsbook is offering). I did a deep dive on how positive ev betting works here: ua-cam.com/video/yCNtNFhZH3Q/v-deo.html
@@OddsJam ok, so basically if i had a 3 leg parlay , one play at -215, (68% win prop) i would have to have another play in that 3 leg parlay higher then -215, say -280(73% win prob) and for the last play higher then -280?
What I usually do is look throughout the whole season and scrounge my ev app for plays on any line where people have lost it 5 times out of their 50 past games, stuff like that, I’ll add 2-3 bets into a parlay, try to find the best odds for my parlay in whichever app, -250ish for the 3x,,, then I’ll find someone with a line at -115ish odd that contains +EV and create a 3-5 leg parlay that’s statistically likely to win. You’ll have 3 bets that are basically sealed unless they get benched, hurt, or any unexpected variable, then let’s say , dejounte Murray under 15.5 assists and rebounds, (-115) for the game tonight, and it’ll take your parlay odds to +150ish or so. Place your unit, and there ya go.
Love the hat, my friend!
Aren't -110 bets actually 50% because of the vig?
Assuming every book had the same odds, this would be true. But if every book has a line -150 and it's -110 on FanDuel, then it's not 50%. It's above 50%