How To Bet Parlay On WynnBet App
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Nowadays, parlays have become the default way that many bettors place bets.
It’s easy to see why; bettors can easily multiply their winnings by combining different selections that would have otherwise paid less if placed as singles.
There’s a lot at stake with parlay betting, and that’s why we’re here to help bettors improve their parlay betting on various sportsbooks.
In this guide, we’re going to cover WynnBet Sportsbook. So before you overstuff your next parlay, read on to know the types of parlays that you can place on the site.
How To Place A Parlay Bet On WynnBET
If you’re interested in placing a parlay bet on WynnBET, just stick to these steps:
- Sign up to the WynnBET app.
- Log in using your WynnBET account details.
- Use the menu to go to the sport/sports you want to bet on.
- Select at least two sports wagers and add them to your bet slip.
- Use the bet slip to see the parlay’s total odds.
- On the bet slip, enter the amount you want to risk.
- Double-check your selections.
- Finally, click “Place Bet” to place your parlay.
These days, sportsbooks allow bettors to build different types of parlays, including same-game parlays. At most sportsbooks, if you want to build a same-game parlay, you need to use a parlay builder.
At WynnBET, bettors can build same-game parlays through the use of the site’s bet builder. First, you need to select a game, then navigate to the tab titled “Bet Builder” or “Build Your Own Bet.”
Once there, you’ll be able to build a same-game parlay by combining different options such as the spread, total points, the winner of the game, player props, and any other option that the sportsbook offers you.
Best of all, WynnBET allows you to build same-game parlays on most of the major sports.
What Is A Parlay Bet?
Parlays, commonly known as accumulators or multi-bets in other territories, are wagers that feature a combination of selections in a single betting ticket.
For example, if you think that three favorites are going to win, you can create a parlay that features all three teams.
If you instead placed three single wagers and still risked the same amount, the parlay would end up paying substantially more than all three singles combined.
However, for the parlay bet to win, all your predictions need to be correct. So, in our example, if two of the three teams won but one ended up losing the game, you’d still lose your parlay because one of your predictions wasn’t accurate.
In a same-game parlay, all the selections in the parlay emanate from one particular game.
As we’ve mentioned, WynnBET allows bettors to build and place same-game parlays. Of course, the sportsbook won’t allow you to include opposing picks in the same parlay.
For example, if the Chiefs are playing against the Rams, your same-game parlay can’t include both the Rams and the Chiefs winning.
Here’s a perfect example of an NBA same-game parlay:
- Memphis Grizzlies Moneyline (-150)
- Ja Morant Over 6.5 Assists (+300)
- Parlay odds: +567
If you place $100 on this NBA same-game parlay, you’ll win $567 if the Memphis Grizzlies win and Ja Morant notches 7 or more assists.
However, If only one of these two predictions happens, you’ll end up losing your parlay.
Many bettors are into player props. If you’re one such bettor, you can build a parlay that features a variety of player props.
Essentially, any player that you add to your parlay needs to record the stat or achievement stated in the prop bet.
So you’re free to focus on things like goals, tackles, assists, points, etc., that you think a certain player might record. Here’s a perfect example of a player parlay:
- Tee Higgins To Score A Touchdown (+130)
- Ja Morant, Over 4.5 Assists (+135)
- Paulo Dybala, Over 0.5 Goals (+160)
- Parlay odds: +1305
Let’s say that you risk $50 on this player parlay, you’ll end up winning $652.5 if all three predictions are accurate, i.e., Tee Higgins needs to score a touchdown, Ja Morant needs to get 5+ assists, and Paulo Dybala needs to score at least 1 goal.
In a moneyline bet, the sole focus is on which team is going to win the game. So every team in a moneyline parlay simply needs to achieve a win in their respective game.
Typically, bettors build moneyline parlays to group together favorites with less than appealing odds. Still, you’re free to build a moneyline parlay that focuses on underdogs if you’re looking for the best possible payout.
Here’s a perfect example of a multi-sport moneyline parlay:
- Boston Red Sox (-120)
- Miami Dolphins (-130)
- Washington Wizards (-200)
- Parlay odds: (+387)
If you risk $100 on this multi-sport moneyline parlay, you’ll profit $193.5 if the Boston Red Sox, Miami Dolphins, and Washington Wizards all emerge victoriously.
Point Spread Parlay
Many bettors prefer point spreads to moneyline bets. For such bettors, they can build parlays that focus on whether or not a team will cover the spread.
Any favorite included in a point spread parlay needs to ensure that their victory is greater than the spread.
Underdogs, on the other hand, simply need to cover the spread by holding on to the points advantage awarded to them by the sportsbook.
Here’s a perfect example of a 2-team basketball point spread parlay:
- Toronto Raptors -5.5 (-110)
- Dallas Mavericks +7.5 (-110)
- Parlay odds: +264
In the above-point spread parlay, the Raptors need a 6-point victory. The Dallas Mavericks, on the other hand, can suffer a 7-point loss they’ll still manage to cover the spread.
If you were to risk $100 on this basketball point spread parlay, you’ll win $264 if the Raptors and the Mavericks both cover the spread.
Finally, bettors also have the freedom to build and place over/under parlays. As the name of the parlay suggests, the focus is on the total number of points or goals that are going to be scored in each game.
An over/under parlay is perfect for bettors who don’t want to predict the winner of an event or bet on the spread.
Here’s an example of an over/under parlay that deals with NBA and NFL game totals:
- Dallas Mavericks @ Milwaukee Bucks – Over 218.5 (-110)
- New Orleans Pelicans @ Philadelphia 76ers – Over 208.5 (-110)
- Cincinnati Bengals @ Los Angeles Rams – Under 48.5 (-110)
- Parlay Odds: +596
If you were to bet $100 on this parlay (+596), you’d end up winning $596 if the totals of all three games were to turn out as predicted.
Parlay Betting Strategy
Since parlays deal with more than one selection, you need to approach them differently from conventional wagers.
To help you out, here are three indispensable parlay betting tips:
Minimize Your Parlays
Many bettors usually include too many selections with the hopes of winning big. While there’s a chance that you may end up cashing in a sizable amount, the truth is that you’re just increasing your risk, and those unnecessary selections may come back to haunt you.
If you want to err on the side of caution, ensure that most of your parlays don’t exceed four to five selections.
Include Correlated Selections
Correlated parlays are parlays with similar picks. The logic with such parlays is that you can increase the odds of your bet by going for something that’s related to one of your picks. Essentially, this means that you can increase your potential payout without doubling your risk.
For example, if you think that a basketball player is going to hit many 3-pointers, you can build a same-game parlay that focuses on the number of points they’re going to score as well as the number of 3-pointers you expect them to hit.
For instance, if you think that they’ll notch over five 3-pointers, you can also back them to score 20+ points in the same parlay.
Hedge Whenever Possible
How many times have you lost a parlay because of the last pick?
Well, in certain situations, instead of letting your parlay run, you can hedge your parlay after winning the first few selections, especially when you’re eager to lock in a profit.
Hedging in sports betting is simply placing an opposing bet to a previously placed wager.
For example, if the last bet in your parlay is a moneyline bet on Team A, you can hedge this bet by backing Team B in a different wager.
Why don’t you include prop bets in your next same game parlay at WynnBet?