Punters are always looking for the easiest way to make big money and simplistically, laying a small amount of money to win big is always an attractive proposition for any level of player.

Parlays (or accumulator bets) present punters with an opportunity to compile a number of betting outcomes, group them together through one stake and if they come in, reap the substantial rewards.

How Parlays work:-
The basic principle of a parlay is the grouping together of individual bets (two or more) that are combined together and in turn create one big wager. The rules are simple and rather cut-throat however, should one individual bet as part of the parlay let the punter down, the entire parlay/accumulator bet is lost. The appeal however lies in the winning potential of a parlay bet, where punters can stake a minimal amount to win significantly.

Here is our guide on how to place Parlay Bets intelligently:-

• Accept the Unpredictability
Parlays are designed to give punters an accumulative betting experience – betting on two or more specific sporting outcomes and combining their stakes together to maximise their winnings. Sport is unpredictable, which is part of its global appeal and therefore any team/player can beat their opponent on any given day. Parlay betting makes life difficult for the punter as it increases the chances of the punter losing – simply by adding additional betting lines to stake on. Therefore accepting the fact that one team out of a possible 10 team parlay could break the parlay down, is an occupational hazard that comes with looking to win big from parlays.

• Don’t Be Greedy
Parlays serve the primary purpose of allowing punters to stake a small amount; in the hope of winning big. With the odds frequently stacked against the punter, chasing huge winnings isn’t necessary as a small stake can often bring about a huge win – provided all sporting selections are correct. When choosing teams/players as part of a parlay bet, look to set a minimum win and choose teams that fit those parameters, rather than choosing three of four outlandish picks that would obviously bring about huge winnings but are ultimately highly unlikely to happen – especially in a combination bet.

• Sport Specific Research
Parlay bets are extremely popular in the betting worlds of American Football, Tennis and Football with many head to head matches taking place over the course of a week, punters can compile their bets together in an attempt to win big. It goes without saying, that knowledge of the specific event and the teams or players involved, is essential when building a parlay bet. Factors such as league position, form, injuries and suspensions are all essential elements to consider when making an accumulative bet because if one selection doesn’t come in – the whole bet breaks down.

• Remember to Factor in the Draw/Tie
One of the most frequent downfalls of a parlay bet is the draw/tie, particularly in football betting where the draw is classed as an incorrect selection and will break down an accumulative bet. Sports such as tennis or snooker don’t offer the tie/draw market, meaning they are potentially easier to bet on – but this is often reflected in the shorter odds offered by bookmakers at the start of the event. Negotiating the draw market can be lucrative for punters within parlay betting as it can help players win big but it should always be a key consideration when building a parlay bet.