How To Bet Parlay On PointsBet
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In sports betting, there are ample ways to beat your favorite sportsbook. However, if you’re looking to make a splash with minimal risk, then the parlay will be your best friend.
Sure, you can always take a long shot straight-up wager, but a lot of times, those are difficult to hit. Hence the term “longshot.”
With a parlay, however, you can build out multiple legs with more favorable odds in order to get that lotto ticket payout.
All of the top sportsbooks offer parlay wagers. If they don’t, then you probably want to find a new book. Outside of straight bets, the parlay is one of the most common wagers you can place.
One of the best sportsbooks to make a parlay wager is at PointsBet sportsbook.
In fact, just a few days ago, PointsBet became the first sportsbook to offer Live Same-Game Parlays.
If you are not familiar with same-game parlays (SGP), I will get to that later in this article.
Nonetheless, a live SGP is a game-changer. And right now, PointsBet is the only game in town offering this feature.
In this article, I will break down all the ins and outs of the parlay options featured at PointsBet.
Buckle-up buttercup, let’s go win some money.
How To Place A Parlay Bet On PointsBet Sportsbook
Placing a Parlay wager at PointsBet is simple.
If you are already familiar with parlay building, then it will be just as easy at PointsBet. For those who don’t know, I will list the steps below.
- If you are new to PointsBet, the first thing you need to do is create an account.
- Take advantage of one of PointsBet’s outstanding new-user sign-up bonuses found right here at BestOdds.com.
- Next, you will choose the market you want to build your parlay through. NFL, NBA, MLB, PointsBet has it all, and then some.
- The next step is choosing how many legs you want to feature on your parlay. All parlays must have at least two legs.
- Once you make your selections, you always want to check your bet slip to be sure that it not only showed up, but you also want to make sure that when you place your wager, you are making a parlay bet and not a straight bet with one of the individual legs.
- Bang. Once you hit “place bet,” you are off and running.
Most sportsbooks feature Parlay Builders. At PointsBet, their parlay builder is called “Quick Parlay” and can be found at the main drop-down menu at the top left of the homepage.
With PointsBet’s Quick Parlay Builder, it organizes all of your parlay leg options into individual categories. There is less confusion that way.
Unfortunately, with PointsBet’s quick parlay feature, they do not include Player Props. You can, however, get all of your favorite sports and bet types including Moneylines, Totals, and Points Spreads.
While you cannot get player props included with PointsBet’s Quick parlay builder, you can still build out your parlays with player props the old-fashioned way. What a world.
What Is A Parlay Bet?
A parlay bet is a wager that is placed on multiple results. In order to win a parlay bet, all legs of the wager must win. The odds of each leg are multiplied by each other to ultimately decide the odds of the overall parlay bet.
Because the odds of a parlay are so great and multiplied, the probability of losing is much higher as well. To combat this, some sportsbooks offer Round-Robin wagers.
A round-robin bet is similar to a parlay: only if one leg loses, you will still get a return.
A round-robin parlay is outstanding when placing first-basket bets in NBA games or anytime touchdown scorers bets in NFL contests.
PointsBet Same Game Parlay
Like most sportsbooks, PointsBet offers Samge Game Parlays (SGP).
While your standard parlay only allows you to parlay legs from different matchups, a same-game parlay allows you the opportunity to build from the same contest all on one bet slip.
Here is an example of a same-game parlay at PointsBet:
- Joel Embiid Over 32.5 Points (-115)
- Seth Curry Over 1.5 Threes (-180)
- Kyle Kuzma Over 3.5 Assists (+125)
Parlay Odds: +500
If all of the legs of the above parlay hits, you would $50 on a $10 wager.
Be sure to keep your eyes open for PointsBet parlay boosts. When these are available, you can use the token to boost your parlay’s odds.
Lightning boosts are only available to eligible users and can not be rolled over. You get one per day so be sure to use it before it expires.
A Player Parlay is a parlay build that gestures player props only. A player prop focuses on a statistical outcome of a single player in a contest rather than the overall outcome of the game.
At PointsBet, you can choose to compose a player parlay in a single game, single sport, or multi-sport fashion.
Here is an example of a multi-sport combo player parlay at PointsBet:
- Harrison Barnes Over 5.5 Rebounds (-131)
- Desmond Bane Over 18.5 Points (-115)
- Clayton Keller Over 0.5 Assists (+145)
Parlay odds +710
If you risk $10, you can win $71.04. But remember, all legs must hit in order to win.
A Moneyline Parlay is a parlay build that features all teams winning their matchups straight up.
Like any other parlay, you can mix and match sports. You can’t, however, include two teams playing each other in the same game.
Below is an example of a cross-sport moneyline parlay at PointsBet:
- Arizona Coyotes +225
- Cincinnati Bengals +165
- Philadelphia 76ers (-556)
Parlay Odds: +916
If you risk $10, you will win $91.63 if all legs hit.
Visit our guide to learn more about the betting moneyline at PointsBet Sportsbook.
Points Spread Parlay
A Points Spread Parlay is a parlay build featuring all Against the Spread (ATS) wagers.
All of the teams that you include in the parlay must cover their respective spreads. If one fails to cover, you will lose the entire parlay.
Here is an example of a 4-leg ATS parlay at PointsBet:
- Memphis Grizzlies -4 (-110)
- Sacramento Kings +4 (-110)
- Seattle Kraken +1.5 (-165)
- Indiana Pacers -3.5 (-110)
Parlay Odds: +1018
On a $10 wager, you can win $101.81 if all teams in the parlay cover the spread.
With an Over/ Under Parlay, you are focusing on the total points scored in a game rather than the winner or the spread.
You don’t have to take all overs or all unders. When you are building a parlay focusing on the total, you can mix overs and unders from different matchups.
Just like anything else, you can’t take both sides of one game. For example, you cant take Over 54 and Under 54 in the Cowboys-Giants game.
Here is an example of a 3-leg Over/under Parlay:
- Charlotte Hornets @ Boston Celtics – Over 224.5 (-105)
- Cleveland Cavaliers @ Houston Rockets – Under 219.5 (-110)
- Oklahoma City Thunder @ Dallas Mavericks – Over 206 (-105)
Parlay Odds: +627
If all legs of your parlay win, you will win $62.77 on a $10 wager.
Parlay Betting Strategy
When building a parlay, you must put in the same work and research that you would any other wager.
You can’t just throw bets in and hope you win. You’d be asking to lose money that way.
In fact, hitting a parlay is more difficult than hitting a straight wager. Therefore, you have to put in even more time and effort to become a successful parlay bettor.
Here are some parlay strategies, you can find PointsBet betting rules here, which you should know about to help you become more successful in the long run.
Don’t Go Overboard
Just because you can build a 6-leg parlay with monstrous (+10,000) odds doesn’t mean you should be doing it. These are called lottery tickets and have longshot odds for a reason. You need to be absolutely perfect to hit them.
You are better off building a parlay consisting of 2-4 legs with reasonable odds. This way, you have a greater chance of cashing.
Hedge Your Bet
Different sports bettors have differing opinions about hedging. Some are for it and some are against it. With hedging, you will guarantee yourself a profit. You can do this with parlays too.
If you have a 3-leg parlay and the first two legs have already done their job and won, you would be wise to hedge your bet and take the other side to guarantee yourself a win.
For example, if the final leg of your parlay consists of the Dallas Cowboys covering a -4 spread against the Giants, you would be wise to place a bet on the Giants at +4 to guarantee yourself a profit.
You can also wait to see how the game plays out and place a live bet to hedge.
Place Corresponding Parlay Wagers
When building a parlay, it would be wise to construct them with corresponding legs that are more or less dependent on each other to hit.
For example, if the Kansas City Chiefs are playing the Buffalo Bills and the Chiefs are favored by -6, there is a good chance that the overall points total will be high. Let’s use 51 for this example.
When building a parlay with corresponding legs, you would take the Chiefs to cover the -6 and the Over 51. If one leg hits, there is a realistic chance the other one will hit too.
If you’re feeling froggy, you can include Patrick Mahomes to throw for 3+ touchdowns in here too. He will likely throw for three if 51 points are scored in the game and the Chiefs are winning by at least six points.
Why don’t you include prop bets in your next same game parlay at PointsBet?