What Is A Parlay Card and How Does It Relate to Sports Betting and Wagering?
I’m sure we’ve all been in a situation before where we stare at the list of games and think to ourselves “if only I could hit a nice 10 team parlay”. Now, depending on the odds of the games you selected or the amount of money actually wagered on the parlay, this bet won’t necessarily make you “rich” but it could offer up a very nice four or five-digit return. The problem with hitting a parlay that size is that it’s damn near impossible to do. Most experienced bettors refrain from ever making parlay bets. Thankfully, for sportsbooks, parlays will always be a staple of the betting game since there is always the potential of that one big payout every square bettor chases.
What is a Parlay Card?
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A parlay card is essentially like a lottery ticket form you find at a corner store when you decide to play the Powerball and pick your own numbers. Parlay cards are typically a colored piece of paper that list all games and odds for you to choose from. The way you fill it out is rather quite simple. First, you check the box that states how many games your parlay card will be and then you mark each game you want to bet. When you are done marking your card, you can bring it to the betting window and they will scan it and print you out a parlay ticket.
Benefits of Using a Parlay Card
There is nothing worse than getting to the betting window and being stuck behind someone who has no idea what they want to bet and who is looking around at the board to see the lines while they make a $5 three-team parlay. To avoid being that person, use a parlay card. They make the process a lot simpler and much more time efficient. The wait times for lines at the betting window are long enough already, so by using the parlay card you will speed up the process for everyone involved.
Another benefit of using a parlay card is that the card will include all of the rules. They can be slightly different between sportsbooks, so it’s crucial you understand the rules at each unique book. The most important rule you need to understand is that books often deal with ties differently – some will count them as losses. Parlay card also include set odds for parlays of different sizes. Again, these odds can be slightly different between books, but for the most part look like this:
2 Team Parlay: 13 to 5 Odds
3 Team Parlay: 6 to 1 Odds
4 Team Parlay: 10 to 1 Odds
Why Parlay Cards are Dangerous
The main goal of any sports bettor is to protect their bankroll and make wise investment decisions. The parlay card goes against that model as it makes it really easy to make a terrible bet. Sportsbooks make it as easy as possible for people to make these bets because they know over the long terms, this option provides solid cash intake. Another reason they are dangerous is that they are aren’t available in just Las Vegas. Delaware Park in Wilmington, Delaware offers this option at their facility. The combination of horse racing and spots betting often time overwhelms bettors and then bankroll management goes out the window. And lastly, the parlay cards often offer odds that are much lower than the true odds. For example, in order for a three-team parlay to break even over the long term, it would have to pay 7/1. At 6/1, you would have set a world record for successfully picking winners in order to close the gap.
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