Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to win $100. –150 means you must bet $150 to win $100.) If. 2 days ago  Sports. Super Bowl 2021 Odds: Latest Betting Lines and Trends for Chiefs vs. Here's a look at the main betting trends ahead of. The Bucs are 4-1 against the spread—the NFL's. The Super Bowl is traditionally the biggest one-day sports betting event every year. And as the popularity of fantasy sports grows, more people including casual fans are looking to wager on the. Anyone has the potential to be a sharp sports bettor with the right info. That’s why SBD put all the fundamentals into our introductory series for new bettors: Sports Betting 101. Learn about the types of sports bets you can place, how to read odds, and how to manage your bankroll to get the most value out of your wagers.

1. Nfl Sports Betting Explained
2. Nfl Money Line Bets Explained
3. Sports Betting Explained Nfl Picks
4. Sports Betting Explained Nfl Draft

In-Game or live betting is part of the latest technology sports bettors have to add to the excitement to their wagering habits. Carefully read this article to understand all that is involved.

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 at FanDuel Sportsbook App you can easily see what makes NFL parlay betting so popular.

Kansas City Chiefs vs. Tampa Bay Buccaneers

Sunday, February 7, 2021 – 6:30 PM ET at Raymond James Stadium

In-game wagering is far more popular in Europe and other countries that are outside the United States and North America for that matter. The reasons are varied and most of it has to do with online sportsbooks that saw an opportunity in both soccer and tennis in particular. The pace of those sports and the breaks in the action allowed for real-time odds to be posted and the sports bettor to make quick decisions.

Baseball and American football offer a similar pace, but U.S. Americans are easily distracted and often are doing several things at once, which is a deterrent for in-game betting. This demands the ability to understand what you are seeing, thinking ahead and being a rational decision-maker who understands money management.

If in-game betting interest you and you would like to try it out, the Super Bowl is not a bad place to start, since it is one game and as long as you are in a place where you can focus and concentrate, you can pick up a few basics and become comfortable with the process and stop any time.

Why In-Game Betting Offers Everyone Value

For conventional NFL odds, oddsmakers have time to study historical situations, follow algorithms, check with their top experts and still adjust a number if it is slightly off long before a game starts.

For live betting, it's you vs. the algorithms and the person on the other side interpreting the data in real-time to make a snap judgment. That takes the odds against you down and levels the playing field. If you can make mistakes, there is another human who can do the same and if you’re quick, you can find opportunities to make money.

Prepare and Realize It's Fast, so Slow Yourself Down

If you made NFL picks for the side and total and say up to 10 prop bets for the Super Bowl, that is where you should start. We would recommend printing your bets out on paper and have them in front of you where you can continually review them.

Live betting is fast, really fast for newcomers. That's why you should make some low-limit bets to understand the speed and to learn the odds you just saw could change dramatically by the time you actually place your wager.

Most in-game betting platforms are going to give you the option to take a bet no matter what the odds are or take/pass if the odds got better or worse. The names could vary but you want a – Better Odds Button. This is how you create your own value and don’t get stuck with a bad number.

If it is moving too swiftly and your thoughts are spinning – STOP – start over and find a rhythm that meets your pace.

Hedge Betting and Doubling Down Options

Being able to all but guarantee yourself a profit or having the chance to double down on is essentially the same bet is an added benefit of in-game betting.

Say you had Kansas City on the money line for -165 and they are up 10 points at halftime, as Tampa Bay scored a touchdown right before the half. Tom Brady and the Bucs have the ball to start the second half and scored another touchdown and now trail by only three. You still like the Chiefs but are less certain.

Kansas City takes the ball and marches down the field to kick a field goal to go up by six. With 23 minutes left in the game, you have a new line that has Tampa Bay at +125 to win.

You bet -165 to win $100 to start with on K.C. You begin thinking Brady’s hot and his team can win. If you bet $80 on the Bucs, you would win $180. By hedging this way, if the Chiefs win you have a profit of $20 and if the Buccaneers are victorious, you found a way to pick up $15 profit on a losing bet.

Doubling down would look this way. You had Patrick Mahomes for OVER 330.5 passing yards. He throws for 225 in the first half, yet the Chiefs are only up three points. With Kansas City moving the ball up and down the field, but still needing more points to win, Mahomes will keep throwing. As long as the second half passing yards for Mahomes is 150 or less, you can make another OVER bet and possibly win twice.

Here Are Elements Not to Do For In-Game Betting

Though nobody wants to talk about it, always be aware of your wagers and think about money management. Don’t let a few losses send you into “chasing” setbacks, since that can only make things worse.

A common occurrence on Super Bowl betting is betting against yourself. In live betting you see a bet or a few bets that look irresistible with how the game is playing out at that moment. The problem, they are completely the opposite of bets you placed before the game. Betting against yourself is not a good strategy. Sometimes you just are wrong, don’t make it worse.

Lastly, never force opportunities. What looks good in the moment may cause regret later. One simple way to avoid this, ask yourself if you would be angry if you lost the best. If the answer is “yes” it is best to pass.

In conclusion, bet smart and have fun with in-game betting!

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.

Nfl Sports Betting Explained

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.

Nfl Money Line Bets Explained

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:

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

Sports Betting Explained Nfl Picks

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

Sports Betting Explained Nfl Draft

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.

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

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.

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