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Parlaying in the NFL: An In-Depth Guide to Making Profitable Bets

  • Writer: Ashleigh
    Ashleigh
  • Feb 28, 2023
  • 3 min read

It is absolutely possible to make money using National Football League (NFL) parlays, all that you need to understand is the simple math behind parlay bets. Since parlay odds are always fixed, to find profitable parlays, you need to place NFL parlay bets where all legs have a positive expected value (EV). By definition, a parlay bet is a combination of two or more bets in which all bets must win for the parlay to be a winner. The appeal of NFL parlays is that they offer a large potential payout as the odds of each bet are multiplied. However, parlays are more challenging to win, as each bet must be successful for the parlay to pay off.


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NFL parlays can offer much leveraged and profitable opportunities if you know where to look. Expert sports handicappers and professional gamblers can achieve a result of 55% or even better over the course of a season. Even if you aren’t 55% better, NFL parlays can still be advantageous if you use correlated bets, which are most commonly used in NFL betting. In correlated betting, if you bet on one thing and it happens, it will lead to another. If you are confident that the first leg of your bet will come through, you can double up by parlaying it with what you think is correlated to the first leg.


13 to 5 cashhout


Take for example, Seahawks. You think that this week they will shut down their opponent, but one of their star offensive players is injured as well. So, while you think that Seahawks will win, you also believe that it will be a low-scoring win. So, it would be an excellent time to parlay Seahawks against the spread, along with the total of the game going under. If you parlay two bets together, and they cash, the payout is 13 to 5, which means for every five dollars you put down, you get back 13 because both bets need to hit, which is twice as much of a payout.


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By taking Seahawks straight up against the spread and the under straight up, the compensation for you would be 13 to 5 if you win. However, even if the under were to hit, and Seahawks lose against the spread, your bet is going to lose, and that’s the catch. So, you are taking two bets correlated to each other. If you think that Seahawks’ defense will make them win, and if they do win, the game should go under. You can use correlated betting for a team that you think will win in a shootout, parlay them with the over and see the benefits.


Separate games can also be parlayed


NFL parlays need not even be correlated, as you can take two completely separate games and parlay them together, say NFC and AFC championships. You can parlay both of them into making the Super Bowl. You can also parlay any two teams on a given Sunday. NFL money line parlays are more exciting than standard parlays as odds can start to sway even more. if becomes an option for NFL parlays because you can take on the worse odds of a seven-point favorite on the money line, and also get the boosted odds of a standard NFL parlay, which will even itself to a be a standard bet.


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Any betting, bet it NFL parlays, or other, is never easy. Even one bet is hard, let alone cashing two. However, with Winnible’s professional sports handicappers, you will benefit from their insights and analysis, as they will help you to maximize your odds in NFL parlays.

 
 
 

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