Walk away from a losing streak but always ride out the winning ones. Never double-up after a loss. Initially, I would try for a two win Parlay using a minimum starting wager. Following any loss I would revert back to my starting wager and lock in any profit I had accumulated up to that point.
Always keep in mind, you’re gambling. Even though when betting sports there are only two teams and it should essentially be a toss up, we know it is not.
7 or more occur 1 in 140 decisions. The profit potential of the Parlay takes advantage of any sequence of consecutive wins. The best results will come with a maximum two or three win Parlay approach.
The Odds on any even money proposition’s consecutive wins or losses:
8 or more occur 1 in 450+ decisions.
5 or more occur 1 in 36 decisions. Obviously, when given the choice you should always choose to pay the lesser amount.
5 Rules To Profit By
In addition to adjusting the payout, the sports book provides a “point spread.” The “point spread” works the same as the odds payout in leveling the money bet on each game. Do not let a winning streak give you a disregard for money. Keep in mind that 44% would be losses.
The only betting system that takes this into account are “up-as-you-win” systems.
You may not have made as large a profit as you could have by taking on more risk, but this way your initial risk capital would be your only risk.
When using the Parlay method it is important to know the odds as they apply to your chances of winning or losing.
The next time someone says that you can’t win betting on sports…
Sports Betting And The Parlay
Any system that doubles up following a loss can quickly lead to catastrophic losses following any brief string of losing bets.
Although in the “long run” the odds are a mathematical certainty, over the short term (the time which you are using the system) they cannot be counted on to perform this way.
Here’s how it would work. Bet heaviest when you are winning using the “houses” money to increase your bets.
It’s perfectly ok to take on a little extra risk to try for a bigger win when betting back profits. Depending on the sports book they would either charge $110 to win $100 or $60 to win $50. This acts to prevent either team from gaining an edge. Systems that only increase wagers following a win combine both excellent profit potential and protection from a serious loss.
The safest methods typically apply to “even money” wagers where the likelihood of winning two, three or more bets in a row are fairly commonplace.
1. There is an element of luck involved in every game of chance (good luck and bad) When you’re running good you want to ride it out to the end and make the most of it. When you are betting on the underdog you receive the odds while when betting on the favored team you will be paying the odds.
The term Parlay applies to pyramiding profits with a series of two, three (or sometimes more) consecutive wagers. Always lock up your profits when you have them or they could disappear just as quickly.
2. A bet selection method that produces a 56% win rate will actually provide an overall profit by simply “flat betting.” So playing for double win Parlays would also show a sizable profit.
3. To learn the bet selection method he uses for sports betting to achieve an 80% win rate click here: EasySportsInvesting and watch the Free video.
The odds of choosing any even money wager correctly 5x’s in a row are 31 to 1. Never gamble with money you cannot afford to lose. Any betting situation that offers two comparably equal choices will produce the best results.
Using the Parlay method it is best to combine it with a strong bet selection system. You should be aware that $110 to win $100 is a 10% commission whereas $60 to win $50 is a 20% fee.
Applying the Parlay technique to sports betting requires a few minor alterations. Bet minimum amounts when losing.
The sports books will always charge a “Vig” or commission on wagers.
5. Never try to recoup losses by increasing the size of your bets. This being the case, you would also realize that the chances of betting wrong 5 x’s in a row are also 31 to 1. you’ll know better than that. In this way, a starting bet of $20 wins $80 after two back to back wins.
If I manage to increase my original bankroll by 30-50% I would then try for a three win parlay. It’s NOT ok to chase those wins by risking more of your own money.
Sports books adjust their betting “line” to reflect an odds payout for the favored team or the underdog. Doing this could lead to catastrophic losses. Wishing you the very best of luck always.
*(please use 3 bullets)
Games such as casino Craps (even money wagers on the “Pass” or “Don’t Pass” line bets), Roulette (red/black, odd/even & high/low), Baccarat (player/bank wagers) and most sports betting are all well suited to Parlay wagering.
Based on my 40+ years of gambling experience I find that the best approach when using the Parlay method is to not try for the long odds associated with attempting 4, 5 or more consecutive wins. You are paying them to book your bet.
Let’s Break It Down
When comparing all the gambling techniques ever invented there are few that are better than the Parlay. Don’t try to be a hero… After one or two successful parlays I would then begin to increase my starting wager attempting another two win Parlay.
Ray Walkoczy is the author of SportsBetBreakthrough.com with over 40+ years of professional gambling experience. There are no sure things. This is due to the fact that sports betting is handled differently than other even money wagers. With that said, it is crucial to avoid any betting system that recommends doubling up after a loss even though the odds would seem to favor you not being wrong 5 x’s in a row.
In using a three win Parlay your starting wager of $20 would produce a $160 win or 7 to 1 on your money.. A successful double win Parlay will yield a profit of 3x’s the amount of your original bet.
Knowing The Odds
4. Have a definite money management system in place