NBA Parlay Betting Tips
These NBA parlay
betting tips are crucial to success.
Key Points
– To be successful,
bettors should follow these NBA parlay betting tips.
– Among NBA parlay
betting tips is simply keeping them to a minimum.
NBA
Parlay Betting Tips
Betting on the NBA
is exciting and successful bettors will tell you it is also lucrative. Placing
NBA parlay bets can result in sizable payouts. That’s one area where NBA
bettors can really make some money.
The problem is that
parlays are more difficult to win. Here, we define the NBA parlay, give some
examples, and offer bettors solid NBA parlay betting tips to increase their
chances of success.
NBA
Parlay Bet Defined
A parlay is a common
wager that combines two bets into a single wager. Each bet in the parlay is
referred to as a “leg.” Each leg of a parlay bet must win in order for the
parlay to be a winner.
If you put three
bets together and two win and one loses, the parlay bet is a loss. Even if the
other legs win, the entire bet loses if one leg of the parlay loses. Bettors
receive no payout on the parlay bet.
The benefit of a
parlay is that if all of the legs win, the wager pays out at better odds. Check
your online
sportsbook for parlay odds. If you make two NBA point spread bets,
you’ll likely bet -110 odd on each. If you package the two bets together in an
NBA parlay, you will get plus-money odds.
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NBA
Parlay Betting Tips - An Example
The most common parlays
are NBA moneyline parlays due to their ease of use. The majority of NBA games
are not evenly matched, so you only need to predict the winners of each game.
For example, the
Milwaukee Bucks are -120 favorites over the Brooklyn Nets. The Golden State Warriors
are +140 underdogs against the Los Angeles Lakers.
If a bettor wagers
$100 on each of these games separately, he’ll win $83 on the Bucks and $140 on
the Warriors should both teams win. In the end, the bettor will wager $200 and
profit $223.
Instead, the bettor
could wager $100 and bet these two games as a parlay. He would get +340 odds.
When both teams win, his parlay bet would pay out $440 (his $100 stake plus
$340 in winnings). That’s the beauty of the NBA parlay.
It’s college
basketball season too. Learn to use pace and efficiency in winning more college
basketball bets.
Progressive
NBA Parlays
Progressive NBA
parlays are bets that offer some insurance. These bets are more difficult to
find, but sportsbooks will offer them. Bettors should have a dynamic online wagering
portal where they can locate these types of bets.
Bettors must include
at least four to six NBA games (depending upon the sportsbook) with the
advantage that one of the legs can lose. Of course, sportsbooks are in the
business of making money; therefore, the odds on a progressive parlay are
significantly less than that of a regular parlay bet.
That is the trade
off of a progressive parlay.
NBA
Point Spread Parlays
You choose two or
more teams to cover the spread when you place an NBA point spread parlay. The
typical two-team parlay would have odds of +264. Most NBA point spread bets
come with odds of -110, but putting them together in a parlay bet offers the
increased odds.
Let’s consider
Brooklyn as a 2-point underdog to Milwaukee and Los Angeles is a 3.5-point
favorite over Golden State. The “hook,” or the half-point, is commonly added to
NBA point spreads to prevent a “Push,” or tie. In this case, if Brooklyn loses
by exactly two points, there is no winner or loser.
With a wager of $100
on this two-team parlay, the bettor watches as the Nets lose by one and the
Lakers win by five. The parlay is a winner and instead of earning $83 on
individual point spread bets, this bettor wins $264 on his parlay.
Bettors can always buy NBA picks and use those to help in
putting together a solid parlay.
NBA
Parlay Betting Tips - Totals
When it comes to NBA
totals, parlays continue to follow the same guidelines. Take the following
example.
A bettor wagers $100
on a two-team parlay. The bettors likes the Nets-Bucks score to go Over 235.5
and the Warriors-Lakers score to go Under 227.5.
Each of these
individual bets comes with -110 odds; however, once again this two-team parlay
bet results in odds of +264. If both legs of the bet win, this bettor wins $264
on his $100 wager.
How to
Bet NBA Parlays
When putting
together an NBA parlay bet, keep in mind that less is more. Your best bet is to
keep it at two teams. It’s hard enough to win one bet. Winning two is more difficult
- hence the odds increase - but winning three or more is exponentially harder.
As you add more
teams to your parlay, the odds do increase. Those odds are the draw, but
remember it is more difficult to win. Choosing two games, three games tops, is
the best NBA parlay strategy.
Also among NBA
parlay betting tips is this - bet on moneylines. When analyzing basketball betting lines, you
only have to choose winners. You don’t have to deal with point spreads.
Another thought.
Don't assume that you must wager on two games from the same day when looking at
the betting card. Betting on games on different days is possible and should be
considered when looking for value in a parlay.
Consider parlaying
games if you are confident in the matchups. For example, you like a game on
Wednesday where the line has already been released and you like a game on
Tuesday. It’s possible to combine the bets into a parlay and increase your
payout.
NBA
Two-Team Teasers
Teasers are a form
of parlay where bettors can adjust the point spread in their favor. Teaser betting can be fun and exciting.
For example, the Knicks are a 5.5-point favorite over Charlotte. The Sixers are
a 3.5-point underdog against the Celtics.
The 5-point NBA
teaser is the most common. The bettor can wager on the Knicks -0.5 and the
Sixers at +8.5. The Knicks only have to win by one and the Sixers can lose by
eight or less or win outright.
Because of the point
adjustment, the odds will not be as high as a typical two-team parlay. This
parlay, for example, might come with even money odds. That’s still better than
betting the two games separately.