Online sports betting - parlay cards
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Parlay
cards can be looked at as a group of straight bets that must be won collectively. In other words, you can group as
many straight bets together as you want but if even one of them loses then you lose the entire bet.
The
sportsbook will attract bettors to make this kind of bet by high payoff odds. Obviously the more teams included on
parlay cards, the higher the payoff odds are.
In the
event of a tie (push), two-team parlay cards become a straight bet. If there is a push on 3 or more team parlay
cards, the parlay is reduced to the next lowest betting level. Meaning, 5-team parlay cards become 4 team parlay
cards, etc.
All
veteran sports bettors will tell you that parlay cards are sucker bets.
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According to Roger Sims, the race and sports book director at the Rio Suite Hotel, about 10% of the
total amount of money wagered on sports is bet on parlay cards. However, more than 30% of the
sportsbook's winnings come from parlay cards. This shows you how profitable parley cards are to the
casinos.
My best advice to you is to never fall prey to the lure of those high odds on parlay cards.
Yes, those odds can be very tempting but remember making money by betting on sports is not a
get-rich-quick scheme. You can make a lot of money, but you will not do it in one day. The
sportsbooks want you to be enticed by those thoughts of winning $10,000 on $20 parley cards bets.
If you do make bet parlay cards, consider it as strictly for your own entertainment. Realistically,
you aren't going to make any money off of parlay cards.
The online sports betting strategies on this web site are just a sample of the many online sports
betting strategies included in this online sports betting guide. For the complete online sports
betting guide, click here.
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