How To Bet Parlay On Bet365
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There’s nothing bettors love more than quickly multiplying their winnings. The easiest and safest way to do so is by placing parlays.
Parlays, also known as accumulators, are bets that involve two or more selections. Though there are many advantages of placing such bets, bettors adore them for one main reason: the massive winnings that accompany them.
If you’re interested in seeing the types of parlays you can build and place on sites like Bet365 sportsbook, we’ve got the perfect guide for you.
How To Place A Parlay Bet On Bet365
Here are the simple steps that you need to follow if you wish to place a parlay bet on Bet365:
- Create an account at the Bet365 app and sign in.
- Search for the games you wish to bet on.
- To create a parlay, you need to add two or more sports bets to your bet slip.
- Next, head over to the bet slip and ensure your selections have been parlayed. You’ll also be able to see the parlay’s total odds on the bet slip.
- Enter the bet amount in the space provided.
- Once you’ve confirmed that everything is accurate, place your wager.
By using Bet365’s parlay builder, you can build custom same-game parlays in sports like soccer, basketball, and football.
To use Bet365’s parlay builder, you first need to select a game, then search for a tab titled parlay builder.
If you can’t see this tab, it’s highly likely that the sportsbook isn’t allowing bettors to place same-game parlays in that particular game.
However, if you can access the tab, click on it. You’ll be redirected to the parlay building section where you can start building a same-game parlay using your desired selections.
What Is A Parlay Bet?
As we’ve already mentioned, parlays are wagers involving two or more selections. A bettor needs to add two or more selections to the same ticket to create a parlay.
For example, instead of placing two separate spread bets, both priced at -110, you can combine both picks to create a parlay that’s priced at +264.
If you risk $100 on this parlay, you’ll win $264. However, if you had placed both bets separately and still risked the same amount ($50 on each), your profit, in this case, would be $181.82. As you can see, this is less than the profit of the parlay.
Since parlay bets deal with more than one selection, each game that you add ends up boosting your winnings.
However, you’ll only receive the winnings if all the bets in your parlay turn out as predicted. So don’t blindly add games to your parlay because a single meaningless game may end up costing you.
Same-game parlays, as the name suggests, are parlays that purely deal with bets from the same game.
As we’ve already said, you can create same-game parlays on Bet365 by selecting the “Parlay Builder” tab after choosing the game you want to bet on.
Here’s a basic example of what an NFL same-game parlay looks like:
- Los Angeles Rams Moneyline (-150)
- Cam Akers First Touchdown Scorer (+300)
- Parlay odds: +567
If you risk $10 on the above parlay, you’ll win $56.7 if the Rams win the game and Cam Akers scores the first touchdown of the game.
A player parlay purely involves player props. In such a parlay, bettors group together players that they think will achieve certain individual stats.
These stats can be things such as goals, points, assists, tackles, or any other player-based stat.
You can create a same-game player prop parlay, or you can choose to diversify your parlay by focusing on players from various sports.
Here’s an example of a simple player parlay:
- Cooper Kupp To Score A Touchdown (+105)
- Kyle Kuzma, Over 17.5 Points (-110)
- Lionel Messi, Over 1.5 Goals (+300)
- Parlay odds: +1465
A bettor who risks $100 on the above player parlay will walk away with a profit of $1,465 if all the player props turn out as predicted.
In moneyline parlays, only one thing matters: the winner of the game. Each of your selections simply needs to win the respective game that they are taking part in.
Since this parlay doesn’t involve spreads, winning margins, or specific props, they are a bit more straightforward than some of the other parlays we’ve mentioned.
Of course, no betting site will allow you to place two teams in the same moneyline parlay if those teams are playing against each other.
Here’s an example of a moneyline parlay that bettors can place on sites like Bet365:
- Toronto Maple Leafs -120
- Los Angeles Rams -130
- Portland Trail Blazers -200
- Parlay odds: +387
If the Portland Trail Blazers, Toronto Maple Leafs, and Los Angeles Rams all end up winning, you’ll make a profit of $387 if you risk $100.
Visit our guide to learn more about the betting moneyline at Bet365 Sportsbook.
Point Spread Parlay
Instead of betting on teams to win their respective games, you can choose to place a point spread parlay.
In this parlay, each team is given the task of covering the spread. For favorites, this means that they need to win by a margin greater than the handicap given to them, while underdogs need to ensure that they don’t lose by a certain number of points.
Here’s an example of a 2-leg NFL point spread parlay:
- Los Angeles Rams -7.5 (-110)
- Buffalo Bills +3.5 (-110)
- Parlay odds: +264
The Rams need to win by eight points or more, while the Bills have more room for error as they can lose by three points and still manage to cover the spread.
If you risk $100 on the above point spread parlay and both the Rams and the Bills end up covering the spread, you’ll walk away with a profit of $264.
Over/under bets, also known as totals bets, are pretty common in the betting world. On most sites, you can create a parlay that focuses on the total points in a game.
This is a great alternative, especially if you want to focus on something other than the result of the game.
Here’s a simple example of an NFL totals parlay:
- Cincinnati Bengals At Cleveland Browns – Over 45.5 (-110)
- New England Patriots At Tennessee Titans – Under 39.5 (-110)
- Miami Dolphins At Atlanta Falcons – Over 37.5 (-110)
- Parlay Odds: +596
In this over/under parlay, you’ll win $596 after risking $100 if all three games end up producing the predicted totals.
Parlay Betting Strategy
Parlays are fun, but they can also be extremely profitable if you use and implement the right strategies.
So if you’re looking to profit from your future parlays, here are a few tips you should always keep in mind. We recommend that you also familiarize yourself with Bet365 betting rules.
Reduce Your Selections
The temptation to stuff your parlays with seemingly safe selections is a struggle that all bettors deal with. However, it’s always better to play it safe by going for as few selections as possible since a single unnecessary pick could end up costing your parlay.
Hedge And Cash Out In Appropriate Situations
Hedging is a tactic that’s used by a lot of sharps. This is simply backing a contrary pick to guarantee a profit or minimize your potential losses.
The most appropriate situation to hedge your parlay is when the parlay is down to the last leg. By backing the opposite of the remaining pick, you can lock in a profit regardless of the outcome of the last game.
These days, a lot of sportsbooks give bettors the option of cashing out their winnings as well. If a sportsbook offers you a sizable sum after you’ve won the first few games of your parlay, you should cash out your winnings instead of letting the parlay ride.
Create Correlated Parlays
In correlated parlays, a lot of the picks are interrelated, i.e., the result of one selection directly or indirectly depends on the result of another selection.
For example, if you think the favorites will struggle in a low-scoring game, you can back the underdogs to cover the spread and also include a bet on the under. So if the underdogs end up covering, chances are, it’s going to be a low-scoring affair as well.
Why don’t you include prop bets in your next same game parlay at Bet365?