The Future of Picks and Parlays: The Crucial Role of Consulting for Bettors and Bookmakers

In parlay betting, multiple individual bets, known as legs, are combined into a single bet. To win a parlay bet, all bets in it must win, a single leg losing will lose the entire parlay. This way, parlay comes with high rewards and high risks, and the probability of winning decreases with more number of legs. You can combine many different bets into a parlay, such as spreads, moneylines, and totals. Consulting services by a trusted sports betting platform, like Winible, can help you combine the best picks and parlays, based on the full analysis and the latest best odds from the leading online sportsbooks. Payouts by sports betting platform will decrease or increase with the number of games added to the parlay, and also vary odds for those bets.

The latest trend in picks and parlays is same game parlay (SGP), that allows you to combine multiple bets from the same contest on a single wagering slip, such as moneyline bet on which a team will win, an over/under on total score, and also a prop bet on a specific player.

How parlay odds are calculated

Odds for picks and parlays can be calculated by dividing the total return amount (win + wager) by the wager amount to get a decimal multiplier for each bet involved in the parlay. The multipliers, also known as European Odds, are then timed by each other to get parlay odds.

Let’s understand this with an example. Suppose you are wagering $100 on three moneyline parlays of –120, -130, and +115 bets, then you should have multipliers of 1.83, 1.77, and 2.15 for those individual bets. Multiplying these odds will give you 6.96, and your total return would be 6.96 x $100 = $696. So you will have a win of $596, on a wagering amount of $100.

Teaser method to increase winning

To increase your winning, the sports betting platform consulting service may suggest the teaser method wherein you will pick three games, and increase the spread by four points on each game. For example, if you pick a team that has been giving 5 points in the games, you will have additional 9 points on your side of the bet when you increase the spread by four. This way, the sports betting platform can decrease your risk and increase your odds significantly from picks and parlays.

Future trends in picks and parlays

In the future, sweetheart or monster teasers will gain popularity wherein point spreads are increased by a larger margin than traditional teasers. The parlay variation inextricably ties together the outcomes of all events being wagered on. Mobile betting will increase in the future as players can wager through mobile apps. In-play or live betting will allow players to place wagers while they are in progress. There is a trend toward using analytics in picks and parlays, many sports betting platforms are using machine learning (ML) technology to gain a competitive edge. Another trend is expanding picks and parlays towards new sports and leagues, such as esports and surfing.

Take care to spread your bets over more than one sports event, this will lower the risk for you, and increase your winning potential. The best way would be to use multiple sports betting platforms, so even if you lose with one bookmaker, you will still have chances of winning on another sporting event. The best bet would be to go with a trusted sports betting platform like Winible.