How To Bet Parlay On TwinSpires

Lukasz

Updated: Sep 7, 2022

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Very few things in sports betting rival the feeling of winning a multi-game parlay, especially when you win a parlay under extremely dramatic circumstances.

For that reason, and the fact that you can risk low and still reap massive fortunes from parlay betting, bettors adore parlays.

Almost every online sportsbook allows bettors to place parlays, but many limit the types of parlays that you can place.

For example, not all sportsbooks allow bettors to build parlays involving picks from the same game.

At TwinSpires, however, you can build same-game parlays, and you can also create and place parlays that focus on player props, moneylines, point spreads, and a host of other markets.

If you’re interested in joining TwinSpires sportsbook, we’re going to review all of the parlay betting options that are available on the site, and we’ll also cover various strategies that will help you improve your parlay betting.

How To Place A Parlay Bet On TwinSpires App

If you want to place a parlay wager at TwinSpires, here are the simple steps that you should follow:

  • Create an account at the TwinSpires Sportsbook app.
  • Use your details to log in, or you can create an account if you’re new to TwinSpires.
  • Use the sports menu to search for the games that you want to bet on.
  • Choose at least two bets.
  • Jump to the bet slip. Here, you’ll be able to see your selections as well the parlay’s total odds.
  • Enter your bet amount on the bet slip.
  • Click “Place Bet” to place your parlay wager.

Parlay Builder

Most parlay builders serve one specific function: to help bettors create same-game parlays. TwinSpire’s bet builder also serves the same function.

To create same-game parlays on TwinSpires, you simply need to navigate to the tab titled “Same Game Combo” on the game that you want to bet on.

The sportsbook will then show you all the different bets and markets that you can combine to build your single-game parlay.

What Is A Parlay Bet?

If you combine two or more wagers, you’ve essentially created a parlay. Unlike straight wagers, which only focus on one selection, parlays need to feature multiple selections.

The main reason that bettors create parlays is to boost the odds of their bets. For example, if you were to place two single wagers (each priced at +100) and risked $100 on each bet, your total profit in such a scenario would be $200.

However, if you parlayed both picks and still risked the same amount, your total profit would be $400, double the profit of the single wagers.

That sounds like a banger of a deal, right? Well, you have to keep in mind that each selection in your parlay needs to turn out as predicted for your bet to be settled as a winner. Just one wrong selection and you end up with nothing in return.

This means that you can easily lose a 9-leg parlay because of a single selection, so always keep this rule in mind when you are building your parlays.

TwinSpires Same Game Parlay

Can you do the same game parlay on TwinSpires? Yes, you can.

Same-game parlays, also known as SGP, purely feature bets and events from a single game. At TwinSpires, you can create same-game parlays by going to your desired game and selecting the tab titled same game combo.

Here’s a simple example of a same-game parlay:

  • New Orleans Saints Moneyline (-150)
  • Alvin Kamara First Touchdown Scorer (+300)
  • Parlay odds: +567

A $100 wager will yield $567 if the Saints win the game and Alvin Kamara scores the game’s first touchdown.

Same Game Parlay Rules

#1 Rule: If any leg of a Same-Game Parlay bet relates to an existing market on-site, rules for that market will apply.

For example, if a Same-Game Parlay bet includes a player to score an anytime touchdown & the selected player scores only scores via passing touchdowns, this bet will be graded a loser because of the Anytime Touchdown Scorer rules do not include touchdowns scored as a passer.

#2 Rule: If any leg of the Same-Game Parlay bet is made void or set as a push, the whole bet would become a void or a push. The exception to this is if the outcome of the bet requested can still happen.

#3 Rule: A Same-Game Parlay bet may contain up to 10 legs. Same-Game Parlays do not support wagers with more than 10 legs.

#4 Rule: A Same-Game Parlay bet must be placed from a single game. Same-Game Parlay wagers cannot be combined across multiple games.

#5 Rule: If part of the bet requested consists of one of two named players to score at any time during a game, bets placed on that market will stand if one or both of those players play any part in that game.

If TwinSpires’ same game parlay isn’t working and you are not able to create a betting ticket we recommend to get in touch with the customer service via live chat.

Player Parlay

Player parlays purely focus on stats and individual achievements. This means that you can build a parlay that focuses on stats like goals, points, touchdowns, tackles, passes, and any other player stat that you’re interested in.

Interestingly, TwinSpires allows you to create a same-game player prop parlay.

Alternatively, you can also choose to create a multi-sport player parlay. Here’s one such example:

  • Alvin Kamara To Score A Touchdown (+105)
  • Christian Wood, Over 17.5 Points (-110)
  • Valentin Castellanos, Over 1.5 Goals (+300)
  • Parlay odds: +1465

If you risk $10 on the above parlay and each player prop turns out as predicted, you’ll win $146.5.

Moneyline Parlay

Moneyline parlays are uncomplicated because every team in your parlay simply needs to win the game that they are involved in.

There are no point spreads or winning margins involved in moneyline parlays, which further simplifies these types of parlays.

As you can expect, if two teams are playing against each other, TwinSpires will not allow you to include both sides in the same moneyline parlay.

Still curious about moneyline parlays? Here’s a simple example of how such a parlay looks like:

  • D.C. United -120
  • New Orleans Saints -130
  • Charlotte Hornets -200
  • Parlay odds: +387

If D.C. United, New Orleans Saints, and Charlotte Hornets all win their games, you’ll make a profit of $774 from a $200 stake.

Visit our guide to learn more about the betting moneyline at TwinSpires Sportsbook.

Point Spread Parlay

As the name of the parlay suggests, a point spread parlay consists of selections that purely focus on the spread.

Essentially, any team that you add to this parlay will need to cover the spread for your bet to win. Favorites need to overcome the sportsbook’s handicap, while the underdogs can lose by a margin less than the spread or even win the game.

Here’s an example of a 2-leg NBA point spread parlay:

  • Boston Celtics -7.5 (-110)
  • Houston Rockets +8.5 (-110)
  • Parlay odds: +264

Let’s say that you’re an NBA bettor who risks $100 on this basketball point spread parlay. If both the Boston Celtics and the Houston Rockets manage to cover the spread, you’ll walk away with a profit of $264.

Over/Under Parlay

If the above markets don’t appeal to you, you can still create a parlay that focuses on a different vertical: game totals.

An over/under parlay purely focuses on the total points in a game and allows you to focus on things other than the winner of a game or the team that covers the spread.

In each of your selections, you need to bet on whether the total points in the game will be over or under the line that is set by the bookie.

Here’s an example of an NFL over/under parlay:

  • Kansas City Chiefs At Indianapolis Colts – Over 45.5 (-110)
  • New England Patriots At Washington Football Team – Under 44.5 (-110)
  • Denver Broncos At San Francisco 49ers – Over 37.5 (-110)
  • Parlay Odds: +596

In the above parlay, if all your over/under predictions are correct, then you’ll win $596 from a $100 wager.

Parlay Betting Strategy

Truth be told, betting strategies are extremely crucial in sports betting. If you don’t use or rely on any strategies and TwinSpires betting rules, it’s going to be hard for you to win consistently.

Since parlays are vastly different from straight wagers, you also need to approach them differently, especially if profiting from parlays is your main goal.

Here are a few strategies that should be at the back of your mind before you build or place any type of parlay.

Don’t Include Too Many Selections

Randomly throwing teams into your parlay may help boost your parlay’s odds, but it’s definitely not worth the risk.

Instead of building a 10-leg parlay, why not place a parlay that features four of your most confident selections? You’ll not only lessen your risk, but you’ll also improve your chances of winning that parlay.

Hedge Your Parlays

Hedging is simply backing the opposite of an already-placed wager. In parlay betting, hedging can be an extremely indispensable tactic that can help you guarantee a return or help you cut your losses.

For example, let’s say that only one team is left in your 4-leg parlay. Most bettors may let that parlay run, but wise bettors will hedge this parlay.

By doing so, you’ll at least guarantee a profit, which is wiser than risking it all and potentially getting nothing in return.

Place Correlated Parlays

Correlated parlays feature bets that are somewhat codependent. The logic is simple: if one of those bets is correct, chances are, the other wager will also be correct.

So you can boost the odds of your parlay by including a pick that is directly related to one of your selections. Since both picks are related, the added risk will be lesser than if you were to include a totally unrelated pick.

For example, if you want to back a 7.5 point favorite to cover the spread, you can also place a bet on the over since the team needs a massive haul to cover the spread.

Why don’t you include prop bets in your next same game parlay at TwinSpires?

Latest update: 3 hours ago
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About the author

Lukasz Strycharz | Web Manager – A flâneur who follows Formula One racing and dabbles in SEO and content in the iGaming and sports betting niche. T...

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