How To Bet Parlay On SI Sportsbook
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Parlays can be loved or hated depending on who you talk to. However, for the most part, sports bettors everywhere enjoy making parlay bets.
And why not? What better way to turn $5 into $5000 than a lottery ticket parlay with moonshot odds?
Because of the popularity of the parlay wager, all of the top mobile sportsbooks feature them in one form or another.
Sports Illustrated Sportsbook is no different. In fact, SI Sportsbook offers its users a multitude of parlay options including same game parlays, bet builders, and multi-sport plays.
In this article, I will review everything you need to know about making a parlay bet at Sports Illustrated Sportsbook so the next time you build a parlay wager, you end up building a winner.
How To Place A Parlay Bet On Sports Illustrated Sportsbook
Building a parlay at Sports Illustrated is just as easy as making any other wager. Only, it has a few added steps which I will review below:
- Visit the SI Sportsbook app and sign in.
- If you are not already an existing user, you must sign up now. No need for a promo code to activate and take advantage of SI’s new user sign-up bonus.
- Now, you want to go to the sports menu and pick out the market you want to build your parlay from.
- Next, choose the games you want to bet on and click on them. Remember, since this is a parlay, you must choose at least two different bets to include.
- Now that you have chosen your bets, they will show up on your bet slip as straight wagers.
- In your bet slip, be sure to choose the parlay option.
- Next, you will enter the amount you want to stake, review your bet slip to make sure everything is how you like it, then hit the “submit-bet” button.
- Boom! That’s it. You’ve built and placed a parlay wager.
A parlay builder is one of my favorite tools you will find at most of the top mobile sportsbooks as this tool will help simplify the parlay building process.
While not all sportsbooks feature parlay builders, Sports Illustrated Sportsbook does have one.
SI Sportsbook’s parlay building tool streamlines the parlay building process by organizing all of your bet selections into individual categories and all in one place. No more searching through 1000s of options.
All you have to do is click on the Bet Builder tab that you will find at the top of the page at Sports Illustrated Sportsbook to begin the process.
Please note that while not all games will be included in the SI Sportsbook Bet Builder tool, most will be.
What Is A Parlay Bet?
In some parts of the betting universe, you will see parlay bets referred to as accumulators or multi bets. Regardless of the name, they are all parlays.
A parlay bet integrates multiple wagers into one single bet. Each individual bet that makes up a parlay wager is called a leg. You must have at least two legs for a wager to be classified as a parlay.
As far as the number of legs you can include in a parlay, I have seen parlays surpass 20 legs. But each sportsbook is different and may cap you at a certain number.
The more legs you have in a parlay, the better your odds will be. The more legs in a parlay also make them more difficult to hit. So be smart.
For your parlay to cash, every single leg must be a winner. If even one leg loses, your entire parlay will be graded as a loss.
To avoid this situation, you can elect to do a Round Robin parlay. You will still earn a payout with round robins even if one of your legs loses.
Same Game Parlay
At Sports Illustrated Sportsbook, you will have the option to build out a same-game parlay (SGP), which is rapidly becoming one of the most popular parlay types in the industry.
To build an SGP at Sports Illustrated, all you have to do is combine 2+ bet selections from a single game into one bet slip.
Here is an example of a same-game parlay at Sports Illustrated:
*You must use the Bet Builder to create a same-game parlay at Sports Illustrated Sportsbook
- DeMar DeRozan Over 29.5 points
- Domantas Sabonis Over 9.5 rebounds
- Bulls -3
Parlay Odds: +375
A $10 stake will pay out $47.50 if all legs of your SGP hit.
Remember, you would not be able to parlay contrasting wagers together in a single parlay slip,
For example, you can take the Rams to cover -3.5 and the Bears to cover +3.5oif they are playing each other.
A player parlay is a parlay built specifically from player prop bets.
Rather than including legs that focus on the outcome of a game, your parlay legs will be concentrated on the statistical performances of individual players.
With player parlays, you can choose players from the same game or player props from different games and differing markets.
Here is an example of a player prop parlay combining players from different sports at Sports Illustrated Sportsbook:
- Ja’Marr Chase Over 6.5 receptions (-118)
- LeBron James Under 9.5 assists (-133)
- Jonathan Taylor to score a touchdown (-110)
- LaMelo Ball to record Over 5.5 assists (+188)
Parlay Odds: +1414
If all of the legs in the above parlay are successful, you will receive a $151.42 payout on a $10 bet.
A moneyline parlay is a parlay wager constructed of all straight-up moneyline bets.
For your moneyline parlay ticket to cash, all of your selected teams must win their games. But remember, you can not include two teams from the same game in a moneyline parlay.
However, you can incorporate different teams from different sports in a moneyline parlay to create an additional variance.
- Brooklyn Nets (+155)
- Orlando Magic (-110)
- Ottawa Senators (+188)
Parlay Odds: +2699
If all of the teams in your moneyline parlay win their respective games, you will get a $279.91 payout on a $10 wager.
Visit our guide to learn more about the betting moneyline at SI Sportsbook.
Points Spread Parlay
A point spread parlay is a parlay made up of against the spread wagers.
For this type of parlay ticket to cash, all of the teams must cover their respective spreads. If one team fails to cover, your entire parlay will be graded as a loss.
- Carolina Panthers -3 (-110)
- Los Angeles Rams +7 (+100)
Parlay Odds: +282
If both teams cover the spread in their games, your winning parlay ticket will pay out $38.18 on a $10 bet.
An over/under parlay is a parlay made up of bets centered around the total points scored in a game.
When building an over/under parlay, you can combine different games from different sports. You can even back some games to go over while others go under.
Here is an example of an over/under parlay at Sports Illustrated Sportsbook:
- Miami Dolphins # New York Jets Over 38.5 points -3 (-110)
- Detroit Red Wings @ Boston Bruins Under 5.5 goals (+175)
- Denver Nuggets @ Charlotte Hornets Over 210.5 points (+145)
Parlay Odds: +1186
If all of the legs in your parlay are successful, a $10 wager will get you a $128
Parlay Betting Strategy
I can’t stress enough how important it is to have a strategy when sports betting.
Sports betting is hard enough as is. What’s more, the sportsbook always has the edge.
If you want to give yourself any type of an edge over the book and if you want to make it easier to cash tickets, then you must be willing to learn and incorporate a strategy, and betting rules, to help you win more often and become a more profitable sports bettor in the long run.
As I said earlier, the more parlay legs you add, the better your odds will become. To pad your parlay, be sure to sneak in a few heavy favorites along with your normal legs.
Doing this will increase your return that much more if everything hits.
I would not pad your parlay with underdogs or fringe winners. I would only do this with teams that are considered “locks” of the slate.
Winning a straight sports bet is hard enough. Therefore, hitting a parlay is that much more difficult since you need to hit two or more bets for your ticket to cash.
If you want to make your life easier and hit more parlays, then be sure to keep them small. Anywhere between 2-04 legs would suffice. The same could be said with the odds. Try to keep the odds around the (+300) mark as well.
While it is good to compose a lottery ticket parlay here and there, being conservative with your builds will help you cash more tickets overall.
If you build a banger of a 4-leg parlay and the first three legs have already won, then you would be wise to hedge the final leg live.
A live hedge is a terrific way to pick up the best odds without having to stake a lot while guaranteeing yourself a profit.
While you can also hedge your parlay with a pregame wager, I have always found that I will pick up more value doing so live.
Why don’t you include prop bets in your next same game parlay at SI Sportsbook?