One of the best summer activities for any fan of American sports that appreciates good team sports is betting on the MLB. It’s the second most popular sport in the USA, but what makes baseball great for betting is that it’s relatively easy to predict the game winner. 60% of the time favorites defeat their opponents, which is percentage that you cannot ignore in sports betting. If you could be able to win 60% of your bets you would literally be rich.
A nice way to increase the return on investment when betting on baseball is with parlays. Parlays help you increase the potential payout with every game added on the slip. If you can hit 60% of the bets you make, then you can easily increase your return by 40% through parlays. A much bigger value compared to moneylines.
The Advantages of Parlays
Parlays, also called combo or accumulator bets, give you the chance for much higher payoffs. When making a parlay bet the odds of each game you add to the bet slip accumulate into one big odd, which consequently makes for a huge payout.
Instead of betting on two teams from two separate games, one team with -1.50 and the other -1.40, you can put them on one parlay bet. Instead of winning small amounts of money, use your expertise to find favorable games and increase your payout. For example, to win $2 with a single game bet, you need to wager $2.70. Buy making a parley bet you get to wager a much smaller amount and expect the same or bigger payoff.
Instead of going for a more expensive option and a lesser payout, by making parlays you get to risk less money and win much more. The only risk that comes with parlays is that one miss loses you the entire parlay bet. But, it will happen at much lower cost.
Strategies for Parlays
A good strategy for parlays bets is making a total parlay, which is betting on two underdogs and two big favorites. The two big favorites will help you for a safe hit, while the two underdogs will give you a nice payout. However, choose the underdogs based on how certain you are that they can make a surprise.