Online Nfl Parlay Betting
- Online Nfl Parlay Betting
- Show Parlay Betting
- Sports Betting Parlays
- Online Nfl Parlay Betting Matchups
- Online Nfl Parlay Betting Wild Card
- Online Nfl Parlay Betting Rules
Once you’ve mastered the single bet, it’s time to expand your NFL betting horizons. The parlay is an incredibly popular way to bet on NFL games while increasing your potential payout at the end of the day. Instead of betting on the outcome of a single game or event, you’re now betting on two or more outcomes up to a maximum of 12.
Betting Two-Team Parlay
- Houston Texans -4
- OVER 48
Here we’re combining two bets: we’re taking the Texans -4 in their game against the Philadelphia Eagles, and we’re taking over 48 in the same game. We could place two single bets of $11 instead, in which case we’d win $20 if both outcomes came true. But if we parlay the two wagers, our payout gets multiplied by a set rate – in this case, by 2.645. That’s $58.19 if you combine the two $11 single bets into a $22 parlay, or $36.19 in profit instead of just $20.
Your payout gets multiplied by a bigger number for every team you add to your parlay. A three-team parlay pays out at nearly 6/1, while nailing a 12-team parlay would deliver a massive payout at over 2340/1. The risk is that you won’t win anything if you only get 11 out of your 12 picks correct. That’s why many professional handicappers stick with two-team parlays – often combining the spread and the total from the same game, as in the above example. Understanding risk management is just as important as understanding football when you bet on the NFL.
- Where to Bet:
Bovada is one of the premier online NFL betting sites, and the brand understands how compelling parlay betting can be. That’s why at Bovada, when you select a few wagers from their massive slate of gameday NFL odds, they give you the option to automatically include all those bets in a single parlay ticket. A parlay pays out 13 to 5 with two teams, which means that if you bet 5 on a parlay, it pays out 13. This is close to a 2:1 proposition. This makes sense as you need to bet two teams, and both need to win to cash. So, with the 13:5 odds you can put two favorites of -200 odds on the money line in a parlay to see a payout close to even. To win a parlay wager all individual legs must win. For example, if you have five teams in your parlay bet then all five individual bets must win. Even just one losing selection is enough for the parlay bet to lose, its a higher risk higher reward bet with the odds of each. A parlay bet is a wager that includes multiple wagers on a single ticket. The ticket can include as few as two games all the way up to 10+, depending on the rules at the sportsbook you are placing your wagers at. In order for these bets to be graded as winners, each.
Online Nfl Parlay Betting
How to read Super Bowl 56 Odds
Show Parlay Betting
The Kansas City Chiefs lost to the Tampa Bay Buccaneers in Super Bowl 55. However, the Chiefs remain the favorites to win Super Bowl 56 at SoFi Stadium in Inglewood, California.
The Chiefs are listed at 6/1 odds (Bet $100 to win $600), while the defending champion Buccaneers are the third-betting choice at 10/1.
In between Kansas City and Tampa Bay are the Green Bay Packers, who are currently at 9/1 odds.
Here is a quick reference on Super Bowl odds for the upcoming 2021 NFL season.
How to read NFL Las Vegas Odds
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
Sports Betting Parlays
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI Consensus NFL Line
The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.
Online Nfl Parlay Betting Matchups
Online Nfl Parlay Betting Wild Card
Online Nfl Parlay Betting Rules
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.