Super Bowl betting enthusiasts looking for a new wager method to try out on Sunday, should test out correlated parlays. You may have heard the term used either at a casino sportsbook or by your friend who just happens to know everything about bookie software. Parlays are both good and bad, as they have high payouts, but also present a huge risk to your bank account. Today we’ll discuss why correlated parlays are good for you to try out.
For those new to parlay bets, simply put, they differ from straight bets in the regard that you can wager on more then one game in a single bet. For example, if there are five NBA games on, rather then place five individual bets, you can make one bet including the five teams you think will win each game. The payout for one parlay can be five times as much as five individual straight bets. However, with a higher payout comes a higher risk. Meaning, if one of the five teams in your parlay loses, you lose the entire bet, regardless of the outcome of the four other games.
In a correlated parlay, the odds of each bet within your parlay increase significantly. For instance, if you make a correlated five team parlay, the odds of your parlay winning increase, depending on which teams win. In other words, as each team wins their portion of your parlay, the odds of you winning your bet increase. For some people, they will use correlated parlays within the same game. An example of this is to bet on each half in a football game. If you pick one team to win the first half of a game, your odds will increase on wining you correlated parlay by taking that team in the second half.
