July 18, 2025 Breaking News, Latest News, and Videos

Mastering Parlay Betting: Balancing Risks and Rewards for Optimal Profits

Sports betting is a multi-billion-dollar industry which spans the whole world. The excitement of backing a team to win and watching the match unfold is often exhilarating, nerve wracking and exciting all at once.All good sportsbooks around the world look to keep finding new ways for you to enjoy getting involved in your favorite sports with different forms of betting being made available.Being able to download a sportsbook app onto your phone or mobile device ensures you are able to manage your picks and parlays are a great way to get even bigger potential jackpots. What is a Parlay Bet?When you are searching through the fixtures for the weekend there can be plenty of different games you want to bet on. Rather than placing individual bets with possibly quite low odds, you can combine them all into one bet, known as a parlay bet.The odds for each bet are combined into a single bet, with the more you add the sportsbook makes the odds even bigger.Benefits of Parlay BettingBy placing a parlay bet you can cover even more of the sports you love as well as the chance to spread your bets across different leagues.Parlay betting, known to some as Accumulators, gives you the chance to get the biggest jackpot possible. Combining more than one bet ensures that those odds are combined, and the more games you add, the bigger the total will become.Backing all the favorites will give you slightly better odds than if you bet individually, but on money line betting, adding one or more underdogs to your list can really increase your odds by a large amount.Risks of Parlay BettingGetting caught up in the allure of a big jackpot from your picks and parlays can be a difficult betting option to get the hang of. As you add the matches up onto your bet slip the odds will grow, but by adding more picks and parlay betting gets more riskier with every match.All games must come in for your jackpot to be reached, even if you back juts one wrong result, the whole parlay is lost.The need for multiple events to all come in at once makes it difficult to make accurate predictions on multiple games. Lots of research could be required to make more informed bets, but the risk of random events or poor performances is heightened beyond what should happen on paper.Tips for Parlay Betting

  • Avoid High Risk Bets

  • The thought of predicting 10 match results and all coming in with underdogs getting the better of their rivals is exciting. The reality is though, that the number of upsets are often low and picking the right ones can be tough. Just because the jackpot is tempting, it has been set at that for a reason. The best picks and parlay successes often come from low-risk bets with few teams, maybe just three or four. The odds are better, not huge, but can be more probable to come in while winning little and often rather than risking missing out on the big jackpot every time. 
  • Stick to the Sports You Know

  • While you may be a big fan of soccer or any other sport and you check your sportsbook for picks and parlays to tempt you but there are no games on that specific day, you may be tempted to browse around the other sports.Be very careful when making assumptions on sports you do not follow or only casually view. These games can easily be tempting to add on and try your luck, but it is vital that if you do want to add different sports, or even just different leagues to the one you usually follow, then do your research.Check over past games, player fitness and suspension issues and any other information you can gather to help you gain the best understanding possible.Parlay bets which are done on gut more often than not lose compared with ones where the bettor does their homework before placing their wager. 
  • Check Out Custom Bets

  • The Draw No Bet offer is a great one which many of the top sportsbooks offer. This will offer slightly lower odds but if the team you back draw their match, but you get your money back if the teams tie. If one bet on your parlay is a draw it is removed from the bet slip and amended to the odds for that of a parlay if the other games, you predicted all come in.There are a mix of great ways to experiment and enjoy parlay betting which is often a great way to add a little more excitement to a sporting experience. Build yours and tune into the games to see if you can get yourself started with a win.

    <>Related Posts

    Man Arrested in Brentwood for Impersonating Firefighter During Palisades Fire

    July 18, 2025

    July 18, 2025

    The suspect faces at least 28 criminal counts—including 23 felonies—spanning incidents from 2023 to May 2025 Federal and local law...

    West Coast Premiere of ‘The Opposite of Love’ Opens at Hudson Backstage Theatre

    July 18, 2025

    July 18, 2025

    Produced by Neil Gooding Productions, behind shows like Back to the Future: The Musical, the play runs Thursdays through Saturdays at...

    Study Highlights Economic Impact of Cap-and-Trade Extension in Los Angeles

    July 18, 2025

    July 18, 2025

    Governor Gavin Newsom and legislative leaders are pushing to reauthorize the program this year, citing its role in generating 287,000...

    Film Review: Superman

    July 17, 2025

    July 17, 2025

    “This movie is packed with storyline, Superman lore, meaningful objects, and action.” writes Kathryn Whitney Boole Rated PG-13129 MinutesReleased July...

    Multiple Drug Arrests Reported in Palisades Park in Recent Weeks

    July 17, 2025

    July 17, 2025

    SMPD Reported Several of the Arrests Between June 29 and July 5 The Santa Monica Police Department reported several drug-related...

    (Video) Did You Know Emma Chamberlain’s Coffee Shop is in Century City?

    July 17, 2025

    July 17, 2025

    The outpost is a first for the popular influencer Did You Know Emma Chamberlain’s Coffee Shop is in Century City?...

    Mayor Bass Hails National Guard Withdrawal as Victory for Unity

    July 17, 2025

    July 17, 2025

    The Pentagon’s decision to reduce the troop presence follows weeks of legal challenges and public demonstrations Mayor Karen Bass celebrated...

    DUI Checkpoints to be Conducted Across LA This Weekend

    July 16, 2025

    July 16, 2025

    The LAPD selects checkpoint sites based on data indicating high incidents of impaired driving-related crashes and arrests The Los Angeles...

    SMPD to Conduct Bicycle and Pedestrian Safety Operation on Friday

    July 16, 2025

    July 16, 2025

    The focus will be on speeding, illegal turns, failing to yield or provide right of way to cyclists or walkers,...

    Dodgers to Host Back to School Bash for Fire-Affected Families

    July 16, 2025

    July 16, 2025

    The free event will offer free groceries, school supplies, outfits, haircuts, medical screenings, and carnival rides The Los Angeles Dodgers...

    LA Sees Second Straight Year of Homelessness Decline, Leaders Celebrate Progress

    July 16, 2025

    July 16, 2025

    The survey, designed by the University of Southern California, reported a 17.5% drop—the largest two-year decrease on record The Los...

    LAPD Seeks Missing 63-Year-Old Man Known to Frequent Playa Vista

    July 15, 2025

    July 15, 2025

    His family last heard from him via a group text on June 22 The Los Angeles Police Department’s Missing Persons...

    Santa Monica Offers City-Owned Properties for Affordable Housing Development

    July 15, 2025

    July 15, 2025

    The move aims to address the city’s Regional Housing Need Assessment of 8,895 units, with a goal of producing at...

    California Hits Two-Thirds Clean Energy Milestone

    July 15, 2025

    July 15, 2025

    This year, clean energy has powered the state for an average of seven hours daily, with over 90% of days...

    Venice Beach to Host First Medal at 2028 Olympics

    July 15, 2025

    July 15, 2025

    Venice Beach, known for its vibrant boardwalk, will kick off the 844 ticketed events, hosting the triathlon along its coastline...