Artikel: Parlay GudangMovies21 Rebahinxxi

    • Source: Parlay

      • A parlay, accumulator (or acca), combo bet, or multi is a single bet that links together two or more individual wagers, usually seen in sports betting. Winning the parlay is dependent on all of those wagers winning together. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or "pushes", the parlay reverts to a lower number of wagers with the payout odds reducing accordingly. Parlay bets are high-risk, high-reward; linking the possibilities drastically reduces the chance of the bet paying off overall. The benefit of the parlay is that there are much higher pay-offs, although as usual, casinos and bookkeepers offering parlays often exploit the poor calculation of gamblers by not increasing the pay-out as much as the odds truly demand, with the effect of the house edge increasing in parlays.
      Although a variety of bets can be used to build a parlay bet, correlated parlays are usually not allowed by traditional bookmakers. Correlated parlays are two or more bets from the same game that rely on a closely related outcome: for example, betting that a football (soccer) team might both score more than three goals in a match, and also win the match. These are not independent events, as a team that scores more than three goals is also very likely to win the match. A naive application of odds that treated these events as uncorrelated would not accurately reflect the probability of the linked bet. However, with the rise of sports betting through mobile gambling apps in the late 2010s–2020s, this traditional hesitance has weakened. These newer apps often allow "microbets" on propositions such as if the current possession will end in a score, and further allow these props to be bundled into parlays. The system then attempts to compensate on how correlated these props are. While these systems usually prefer to lean heavily in the house's favor, the increased volatility from these bundles has resulted in some notable cases where bettors have found favorable odds. This isn't always a windfall for the bettors, though, as these newer-style sportsbooks have sometimes simply refused to pay out in those cases if the parlay comes through.


      History



      Parlays were introduced into New York-area racetrack gambling in 1988, but a 1989 newspaper article indicated that they still weren't very popular, perhaps due to the large surcharges and fees charged by off-track betting (OTB) parlors.


      Odds and payout


      Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common two-team NFL parlay based entirely on the spread generally has a payout of 2.64:1. In reality, however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1.


      Examples




      = Typical payouts for up to 10 team parlay bet

      =
      The following is an example of a traditional Las Vegas Parlay Card, which shows the typical payouts for an up to 10 team parlay bet based on −110 prices (amount won is assuming $100 is bet) and if every match is 50/50:


      Profitability of parlays in sports betting


      The best way to analyze if a parlay is profitable in the long term is by calculating the expected value. The formula for expected value is:



      E
      [
      X
      ]
      =

      x

      1



      p

      1


      +

      x

      2



      p

      2


      +

      x

      3



      p

      3


      …

      x

      k



      p

      k




      {\displaystyle E[X]=x_{1}p_{1}+x_{2}p_{2}+x_{3}p_{3}\dots x_{k}p_{k}}

      . Since the probability of all possible events will add up to 1 this can also be looked at as the weighted average of the event. The table below represents odds.
      Column 1 = number of individual bets in the parlay
      Column 2 = correct odds of winning with 50% chance of winning each individual bet
      Column 3 = odds payout of parlay at the sportsbook
      Column 4 = correct odds of winning parlay with 55% chance of winning each individual bet

      The table illustrates that if a 55% chance of winning each individual bet were achievable, parlays would be profitable in the long term against the usual house edge. Compare the expected value received on an individual bet at a typical price of −110 with a 55% chance of winning: ((100/110+1)*.55)−1 = .05 (exactly 5 cents won for every dollar bet on average), multiplied by 11 = .55, to the expected return on the 11 game parlay ((1234/717.8)−1) = .719 (72 cents won for every dollar bet on average).


      See also


      Full cover bet
      Trixie (bet)
      Each-Way (bet)
      Progressive parlay


      References

    Kata Kunci Pencarian:

    parlay88parlayparlay855parlay365parlay4dparlay bolaparlay footballparlay kapal judiparlay angkasaparlay88 alternatifSearch Results

    Artikel Terkait "parlay"

    Parlay Definition & Meaning - Merriam-Webster

    The word parlay originally belonged exclusively to gambling parlance, where to parlay is to take winnings from a previous bet, along with one’s original stake of money, and use them to make …

    Parlay - Wikipedia

    A parlay, accumulator (or acca), combo bet, or multi is a single bet that links together two or more individual wagers, usually seen in sports betting. Winning the parlay is dependent on all of …

    Parlay Bet: What It Is and How It Works - Investopedia

    24 Sep 2024 · In sports betting, a parlay bet is when a bettor makes two or more bets and combines them into one wager. Depending on the sportsbook or the region, these bets may be …

    Parlay - How to Bet 101 | Draftings Sportsbook - DraftKings

    Learn all about what it means to parlay and how to put together a parlay bet, then try out your own parlay in the odds calculator to see how much you could win.

    PARLAY | English meaning - Cambridge Dictionary

    PARLAY definition: 1. to use or develop money, skills, etc. in a way that makes more money or leads to success: 2. to…. Learn more.

    What Is A Parlay Bet? Parlay Betting Explained - Forbes

    10 Jan 2025 · Parlays work by tying multiple separate bets (called “legs”) into one single bet, increasing the odds and potential payout. Every leg of the parlay must win for the wager to …

    What Is a Parlay Bet? Learn How Parlays Work - Covers.com

    26 Agu 2024 · Learn about different types of parlay bets, parlay odds, and parlay payouts with examples from MLB, NBA, NFL and more! What is a parlay? A parlay is one wager on two or …

    Parlay Betting Guide: How Parlays Work And Where to Bet Them …

    31 Des 2024 · Master the art of parlay betting. Learn how different types of parlays work, what a "leg" is and strategies to help maximize your potential to win big wagers.

    How Do Sports Betting Parlays Work? - Forbes

    28 Jan 2025 · When it comes to building parlays, your options are virtually endless. Most parlays involve moneyline, point spread, or total bets from the four major North American sports: …

    What Is A Parlay Bet? | Strategy And Parlay Betting Calculator

    11 Okt 2024 · Whatever the name, the concept is fairly simple. A parlay bet simply combines multiple wagers into one bet. It does this by rolling over the winnings from each individual …