Freebet Parlay

1. Freebet Mix Parlay 2020
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3. Freebet Parlay 2 Team
4. Free Bet Parlay Poker

A parlay is a type of wager where multiple outcomes are selected. Each of the outcomes must win in order for the parlay to win. Any point spread tie reduces to the next lowest number of teams in the parlay. The odds for the number of teams placed in a parlay are based on the pay table below when the selections (point spreads and totals for football and basketball, games and segments) have a default line of -110. Listed below is the BetMGM/Borgata Online pay table.

All Football and Basketball Parlays
(Point Spreads and Totals all - 110)

Participants may place multiple Same Game Parlays, with the first losing parlay qualifying as risk-free; Max refund $10 (Refund issued as site credit) Same Game Parlay must have minimum 3 legs; Final price of Same Game Parlay must be +200 or greater e.g. +200, +250, +500 all qualify. 14 hours ago If you’re in a state with BetMGM, we have an epic Super Bowl offer for new BETMGM customers on the app: One risk free bet up to $600 + $50 parlay insurance. So, if you lose your bets after you’re all set up, you get a chance to try again.

Parlay Odds Selections:

The legs in a Pay Table parlay all must meet the following requirements:

1. Football, basketball (excluding money lines) and their halves or quarters
2. Point spread or totals
3. Default odds that are set at -110.

Maximum payoff on off the board parlays is 10000/1. Acceptance of all parlays is at the discretion of management.

Example 1: The 2-team parlay (See picture below) is a standard parlay paying 2.6 to 1 or 3.6 for 1. Using the Pay Table, $10.00 x 3.6 = $36.00 payout. Pay Table parlays are not calculated using “true odds” (-110 is not .9091 in this case). The Pay Table Multiplier section below explains the way that Pay Table odds are calculated.

Pay Table Multiplier

This is the factor that, when used for each leg of a parlay, gives the Pay Table payout. For a 2-team parlay at default odds, the factor is a square root. For a 3-team parlay, it is a cube root, for a 4-team parlay, it is the 4th root of the payout.

The return on a 2-team Pay Table parlay at 2.6 to 1 is 3.6 for one, as the payout. The square root of 3.6 is 1.8974. This is the Pay Table Multiplier for 2-team parlays.

$10 X 1.89736 X 1.89736 = 36.00.

Below is the pay table multiplier which is used as the method to calculate pay table parlays when the default odds are -110.The respective Pay Table Multiplier (shown below) by the True Odds Multiplier of the number (other than -110) minus the True Odds Differential (shown below).

Non-Pay Table Parlays

We use the term Non-Pay Table parlay when at least one leg does not meet requirements 1 and/or 2 of the Pay Table parlay default odds section above.

Sports like Boxing, Baseball, and Hockey use Non-Pay Table Odds. Football money line bets also use them. The True Odds Multiplier section below explains the way that Non Pay Table odds are calculated.

Example 2: The 2-team parlay below uses the True Odds Multiplier because neither leg meets the Pay Table requirements, so $10 x 1.9091 x 1.9091 (rounded) = $36.45 payout.

Example 3: The 2-team parlay below uses the Pay Table Multiplier for 105 because it meets all other requirements for Pay Table Odds (see Pay Table Parlays above). Note: The root for the Pay Table Multiplier is based on only the number of legs that meet the requirement. It usesthe True Odds Multiplier for 107 (-1/-120 = .8333) because that leg does not meet requirement 2. Although it is a Football game, it is a money line wager.

$10 x 1.9091 x 1.8333 = $35 payout.

Pay Table Non-Default Odds

We use the term Pay Table Non-Default Odds when all legs meet requirements 1 and 2 of a Pay Table parlay: 1) Football, basketball, and their halves or quarters 2) Point spread or totals, but at least one leg does not meet requirement 3 because it hasodds that are not equal to the default odds.

Pay Table Non-Default parlays are not calculated using “true odds” (-120 is not .8333). The True Odds Differential section below explains the way that Pay Table Non-Default odds are calculated.

Example 4: The 2-team parlay below uses the Pay Table Multiplierfor default odds for 302 (which meets all the requirements of a Pay Table parlay like Example 1 above). However, the other leg (304 Saints) has non-default odds -120, so a factor called the True Odds Differential is used to adjust the True Odds Multiplier of the -120 to derive the new Pay Table Multiplier for non-default odds -120.

$10 x 1.8974 x 1.8216 = $34.56 (rounded to nearest nickel $34.55)

True Odds Differential

The only time that the True Odds Differential is used is when a leg contains a Pay Table sport that has non-default odds for point spread or totals (Example 4 above has -3-120 instead of -3 -110).

Calculating the True Odds Differential for a Non-Default Odds leg when default odds = -110

(True Odds Multiplier of -110) - (Pay Table Multiplier of -110) = True Odds Differential

1.9091 - 1.8974 = .0117

Calculation to find the Pay Table Multiplier for Non-Default odds -120 in Example 4

True Odds Multiplier of -120 = 1.8333 – True Odds Differential = . 0117

Pay Table Multiplier of -120 = 1.8216

The only exception for not using the true odds differential is when the pay table multiplier exceeds that of true odds (-110 or .9091).

Calculations to find the True Odds Multiplier

When the Leg is a Favorite

When laying odds (money line is less than 0): (-1) x (100)/ (money line) +1.

Example: True Odds Multiplier for Money line: -110: (-1) x ((100)/ (-110)) +1 = 1.9091

When the Leg is an Underdog

When taking odds (money line is greater than 0): (money line)/ (100) +1 Example:

True Odds Multiplier for Money line: +130 = ((+130) /(100)) +1 = 2.3

Both sports bettors and sportsbooks seem to love parlays. The former because parlay paydays are so attractive and the latter because parlays are so hard to win.

According to data compiled by the UNLV Center For Gaming Research from 1984 to 2019, the win percentage Nevada sportsbooks enjoyed on parlays was over 30%, compared to around 5% for all sports bets combined.

Unless Michigan sports bettors prove infinitely sharper or choose to avoid parlay betting altogether, similar numbers should come out of this market.

Parlays are the most profitable bets for Michigan sportsbooks. That doesn’t mean you can’t win a parlay and enjoy the big payday it provides though.

Here’s a detailed explanation of parlay betting, to how you can place a parlay bet, and some of the odds on today’s most popular parlays.

Parlay betting explained

A parlay bet essentially combines two or more bets into one wager. The payouts increase exponentially on parlays because you have to win every bet, or leg, that is part of the parlay for it to pay anything at all.

In other words, if one bet loses, the entire parlay loses.

Of course, it’s hard enough to pick one winner, let alone two, three, four, or more, which is why sportsbooks are willing to offer such big odds on parlay bets.

Are parlay bets legal in Michigan?

Michigan sportsbooks will allow you to bet on parlays involving all kinds of sports, including NFL, NBA, MLB, NHL, NCAA basketball, and NCAA football games. They’ll also let you bet multi-sport parlays combining games from different sports.

However, it’s worth noting that most professional sports bettors avoid parlay betting despite the attractive nature of the big payouts involved. Michigan sportsbooks pay out less on winning parlays than the true odds of stringing together multiple betting winners.

But putting together winning parlays is not impossible, and parlay betting remains one of the most popular ways to bet on sports.

Parlay odds

Calculating parlay odds can be difficult because different sportsbooks employ different formulas, and the types of bets can vary so greatly.

What we do know is that Michigan sportsbooks consider both the currently posted odds on the individual bets and the probability of picking winners in the number of games that are part of the parlay to determine a potential payout.

You will be able to find various parlay calculators online that can give you close estimates on parlay payouts, but you’ll have to check with a Michigan sportsbook for precise potential payout information.

Parlay payouts are fixed at the time you place the bet. Even if the line changes for one or more of the games in your parlay ahead of the start, your parlay payout won’t. If the lines change in your favor you can always put together a new parlay with the same bets and an improved potential payout, but your original parlay, and its potential payout, still stands.

One Michigan sportsbook may offer a different payout for the same parlay as another, so it’s a good idea to shop around when betting parlays. Of course, this process will be made much easier when Michigan online and mobile sportsbooks go live in late 2020 or early 2021.

How to make parlay bets

Betting parlays is easy with online and sports betting apps and self-service betting kiosks at Michigan retail sportsbooks.

For the most part, you tap the screen on the sport you’re interested in betting on, browse through the betting markets, and tap on the bets you want to make a part of your parlay.

Once you’ve found them all, look for the parlay section on the instantly-created bet slip and fill in the amount you wish to wager. A potential payout will be displayed. Verify that all the information on the bet slip is correct and submit the bet.

Betting parlays at a ticket window in a retail sportsbook is all about conveying that same information to the cashier verbally and confirming. You can also fill out a parlay card with all your parlay information and hand it to a cashier at the window at most Michigan retail sportsbooks.

Parlay betting is infinitely easier and more convenient with online and mobile sportsbooks and self-service betting kiosks. Both allow you to see the potential payouts for a variety of different parlays and modify the bet as you see fit.

Most popular parlays

You can combine all kinds of standard bets into a parlay at Michigan sportsbooks. You can put together single-sport or multi-sport parlays with legs that include everything from moneyline, spread, and even futures bets. The one restriction is on bets involving the same event, which means you can’t combine moneyline and spread bets from the same NFL game, for example.

Here’s a look at some of the most popular parlays:

Freebet Mix Parlay 2020

NFL parlays

NFL parlays are the most popular in US sports betting. The weekly NFL schedule allows you to make up to 13-game parlays almost every single Sunday. Taking a look at the NFL 2020-21 Season Week 1 odds atFanDuel Sportsbook App you can easily see what makes NFL parlay betting so popular.

Making four Week 1 $25 spread bets on a series of underdogs might look like this:

• Houston Texans at Kansas City Chiefs: Texans +10 (-115) – $25 to win $21.74
• Arizona Cardinals at San Francisco 49ers: Cardinals +8.5 (-120) – $25 to win $20.83
• Chicago Bears at Detroit Lions: Bears +2.5 (-120) – $25 to win $20.83
• Cleveland Browns at Baltimore Ravens: Browns +8.5 (-110) – $25 to win $22.73

If all four bets win, you’ll make almost $90 in profits.

However, if you took that same $100 and put it on a four-team parlay involving the same bets you would stand to win more than ten times that. That’s right, the potential payout for a $100 four-team parlay involving these four Week 1 spread bets is a whopping $1,099.64.

NBA parlays

With so many games held throughout the season, including up to 12 a night at some points, NBA parlays are almost as popular as NFL parlays. Looking at some regular-season NBA game odds shows you how much more parlays pay than individual bets, even if you’re betting the favorites in just two games.

For example, the Milwaukee Bucks might be a -310 moneyline favorite over the Atlanta Hawks. Put $25 on the Bucks at that price and you stand to win just $8.06 plus your bet back.

On the same night, the Detroit Pistons might be -124 favorites over the Cleveland Cavaliers. Put $25 on the Pistons at that price and you stand to win $20.16 plus your bet back.

Winning both bets will get you about $28 in profit, but combining both bets into a $50 two-team NBA parlay will get you more than double that, paying $69.46 plus your $50 bet back.

MLB parlays

Like the NBA, with multiple games on most days and nights throughout the season, MLB parlays are quite popular as well. Picking MLB moneyline winners and betting $25 on each in the following games might lead to close to $75 in profits:

• Tigers vs. Indians: Tigers -122 – $25 to win $20.49
• Phillies vs. Mets: Phillies +112 – $25 to win $28
• Yankees vs. Red Sox: Red Sox +100 – $25 to win $25

However, putting these three moneyline bets together as a part of a three-team $75 MLB parlay could earn you a whopping $503.66, even though you’d be risking the same amount of money.

With payouts like that it’s easy to see why MLB parlays are so popular.

Successful parlay betting tips

People see the potential payouts for parlays and can’t help but fire away. It’s only later they realize how hard it is to pick just one winner, let alone the winner of two or more games.

The world keeps turning and the sportsbooks stay profitable. Still, someone is bound to hit a massive 13-game NFL parlay for big bucks every year, and there’s no reason it can’t be you.

That said, it’s those who do a ton of research beforehand and make well thought out and carefully calculated plays that win parlays regularly.

These five parlay betting tips may help set you on that path:

Combine favorites

You normally have to put some pretty big bets down to make big favorites worth your time. However, you can make a profit with a smaller stake if you put two favorites together as a part of a parlay. This is a great way to bet the (no such thing as a) sure thing and get a decent return while risking a little less than you might normally have to.

Size down

Big odds might make you want to bet big, but increasing your normal bet size for a parlay isn’t always the wise move. Sizing down may be the prudent play. Bet big-paying parlays smaller and it won’t hurt too much when they lose, which happens more often than not. The payday on the right parlay will still offer a bit of that “wow” factor even with small bet size.

Find the hedge

Play a parlay correctly and there’s a good chance you’ll be able to hedge against the last leg. This means locking up some guaranteed winnings or at least your original stake by playing a little defense, betting against yourself, and taking out somewhat of an insurance policy. If you’re doing it right, you’ll be putting together parlays that naturally provide you the opportunity to lock in some profit midway through.

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Multi-sport parlays

Betting parlays is still about finding the best value bets on the board. The big difference is you have to combine several bets. Multi-sport parlays are very often your best bet because it’s easier to find multiple bets with real value when you broaden your sporting horizons.

Limit the legs

There are 13 games on any given Sunday in the NFL, but that doesn’t mean you have to bet them all in the same parlay. Look for bets that offer value and combine them. If that’s only two or three games, limit your parlay to two or three legs. Smaller parlays don’t offer the massive paydays the larger one does, but they win more often.

Bet Types

Freebet Parlay 2 Team

Parlay betting: key takeaways

Parlays will continue to be among the most profitable bets for sportsbooks and sports bettors will remain attracted to the big payouts they often offer. In other words, parlay betting isn’t going anywhere.

It will be among the most popular types of sports betting in Michigan even as the market grows and matures Michigan sportsbooks will make money off parlay betting and the odd story about a massive parlay win will only add to sports betting allure here in the state. People will pay more attention to the big payday than the big picture.

However, there will be profitable parlay betting as well. Expert handicappers will combine favorites, size down bets, look for hedging opportunities, and bet multi-sport parlays with a limited number of legs, eking out small gains.

Free Bet Parlay Poker

As long as there is sports betting in Michigan there will be parlay betting in Michigan and everyone will love it.