parlay betting wikipedia

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Parlay betting wikipedia basketball betting forums

Parlay betting wikipedia

Dogy, con, steer clear. Correct weight : The weights of each of the horses that finish in the money is checked and signed of, before bets are paid out. Some bookies do pay on first past the post, without waiting for correct weight.

Correct score : Punters have to select the exact score in the match. These markets are usually offered on lower scoring sports like soccer and ice hockey. Crusher : Another dodgy. Daily Double : The bookie will pick two races at an meet and you have to pick the winner of those two races to collect.

Dead heat : When two selections finish at precisely the same time — usually in horse racing. Dishlickers : Same as the dogs, just means greyhound racing. The dogs usually drink water from a dish. Drum : Can mean two things, either a good tip that gets up or running a place, second or third. Distance special : Another term usually used in horse racing — this will be a betting option allowing you to select what distance a horse will win the race by.

Dividend : Same as return — i. Draw no bet : This eliminates the draw from your event — usually in soccer — and means if there is a draw, your stake is refunded. Drifted : It means the odds on your selection have gone out or increased. So the punters have jumped off and the bookies reckon the result of it is less likely to occur, meaning they are wound out.

Each Way : Usually in racing, but can be motor sport or awards, this bet is simply taking your selection for both a win or to come second or third — run a place. Emu : The lowest of the low. This person trawls through all those dumped betting tickets and gets them scanned to see if someone may have missed a winner. It is said that they look like an emu feeding when they are bending over to pick up the tickets.

Exotic bet : These are bets on particular instances in the event, that do not involve the final result. Things like first goal scorer, last goal scorer, player props and other instances in the match. Favourite : Another easy one. This is the selection with the lowest price in the field or match, indicating the bookmaker or punters believe it has the best chance of winning the event.

Field bet : This is taking every runner in the race and will usually be used in an exotic, like a trifecta or exacta. First four : Select the first four runners to cross the finish line in a horse race. Fixed odds : The bookmaker sets the odds and the bettor places the bet, knowing exactly what return they will receive. Flexi bet : This allows you to choose the stake on your horse racing exotics. So you can bet at a percentage and you get the percentage relevant to your outlet on bets like quaddies, trifectas and the like.

Flip of a coin : This has a dual meaning as well. Form : Can be any past results and performances on any event. Futures bet : Same as ante post. Futures bets can sometimes be posted years out from n event — like the World Cup, which is every four years. Get out of jail stakes : The last race — this is especially said by a punter who has lost money throughout the day — he or she wants to get out of jail by having a win on the last race.

You can win big, but you need a huge stake to fund it. Good luck. Good oil : This is sort of similar to mail in that it is justification as to why a horse would be a good chance of winning a race. Head to head : When there are only two competitors involved in the bet, leaving two possible results. Hedging : This usually happens with a multi bet. You might get three legs home or a four leg multi before the last leg starts. You might have a little on the opposite result to what is in your multi, just in case the last leg fails.

Jackpot : Jackpots usually come on the big race meets and is money that is placed into the pool by the bookmaker, rather than the punter. It happens on exotics, like Quaddies and Super 6s, etc. Jumped out of trees : This is bookie vernacular for when the punters crunch a horse in.

Juice : Also known as vig or vigorish, this is what the bookie charges for what it does. Takes the top off some of the margins and odds. Late mail : these are generally late tips that come through right before a race meet and take into account things like scratchings and late money or whispers on race day. For example, Roger Federer will not win the Australian Open. Can also refer to when a bookmaker increases the odds on a favourite horse to attract more bets, in the belief that is will lose.

Lay down misere : Same thing as a dead cert. Lengthened : Same thing as drifted. Limit : Also known as max bet and this is the highest amount a bookmaker will accept on a particular bet. Maximums vary between sports and between bookmakers. Line bet : Back to an easier one. This is when one side is given a handicap and the other an advantage. Happens on most sports. Essendon might be given a Live bet : This is simply a bet placed during a match — i. Long odds : Refers to outsiders.

The odds will typically be in high double figures or even triple figures. Long shot : This is used for the outsiders in an event and they are given little chance of winning. Of course, they can surprise, every now and then. Mail : This is the tips or information on certain selections that usually comes from the experts. Market : Explains the list that shows the odds on all relevant selections in a particular event. Moral : Another slang term for dead certainty.

Pretty much guaranteed to win. MVP : Short for Most Valuable Player, which you can often bet on in the major sporting leagues or big sporting matches. Nose : Colloquially known as a length in a horse race, bout typically indicates a horse winning by a short distance.

The headline rugby league competition in Australia. Odds : How much the selection is paying. Oddsmaker : The person the bookies rely on to set the odds for different sporting and racing events. Odds on : Indicates your selection is in the red. On the nose : Betting for your selection to win, with no place bet to back it up. Outlay : how much money a punter has shelled out on bets, usually for the day, but can be referred to single bets as well.

Outsider : A selection that is considered to be less likely to win. The non favourite in a two team match is considered the outsider, while those horses with longer odds are considered outsiders. Overs : When a result that has a strong possibility of getting up seems to have greater odds than punters would expect. Over — under: How many points will there be in the match?

Can be goals, etc. In a soccer match, it might be over or under 2. You have to decide whether the total match score will gal short or exceed the figure provided by the bookmaker. This can also happen with a teams season wins and sometimes in games how many goals or points a particular player will score. Player props bet : Which player will score more points? Player A or player B? Props bets are how an individual will perform in the match. Pick 3 : You need three winners from three races in a row.

Pick 6 : Similar to the pick three, these bets are often available on the big races and have huge jackpots. But you need to get six winners in a row. Not easy. 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 teams with the odds reducing accordingly.

Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. For instance, a common 2-team NFL parlay based entirely on the spread generally has a payout of 2. Aside from "spread" parlays, another way to parlay is to bet on two or more teams simply winning straight up.

In order to calculate the payout of this parlay, one must multiply out the payout for all games. The following is an example of a traditional Las Vegas Parlay Card at William Hill Sports Book, which shows the typical payouts for an up to 10 team parlay bet based on Many gamblers have mixed feelings as to whether or not parlays are a wise play.

The best way to analyze if they are profitable in the long term is by calculating the expected value. 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.

In this case a parlay has a much higher expected value than individual bets with greatly increased variance in outcomes. From Wikipedia, the free encyclopedia. Not to be confused with Parley. This article has multiple issues.

Please help improve it or discuss these issues on the talk page.


In this case a parlay has a much higher expected value than individual bets with greatly increased variance in outcomes. From Wikipedia, the free encyclopedia. Not to be confused with Parley. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.

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Views Read View source View history. Navigation Main page Random page. This page was last edited on 31 December , at A betting ticket where multiple bets are combined. Each individual bet selection must win for the accumulator to win. Also known as a parlay or multiple. A bet on the point spread. Also a team's record when factoring in each game's respective spread. Spreads or totals that are higher or lower than the standard market. These will have odds that are shorter or longer than Using the difference of odds offered at multiple sportsbooks to bet on both sides of a market to guarantee profit.

Asian handicap. Positive or negative goal handicap applied to each side of a soccer match based on each team's perceived strength. Abbreviation for against the spread. When one or more late scoring plays lead a team to cover the point spread. Most frequently used when the underdog covers the spread on a garbage time score.

Abbreviation for bookmaker. Alternate version of bookmaker. Buying points. Obtaining a more favorable spread or total by taking lower payout odds. A hockey spread. Also known as a puckline. Losing one's entire bankroll. The final widely available line offered at the time the event begins. Bookmaker margins applied to betting markets to grant house advantage. Also known as vig. An individual who wagers against public betting trends.

A team covering their point spread. Either a favorite winning by more points than the spread, or an underdog losing by less. Dime line. A ten cent line ; betting lines with a cent margin between the odds of the favorite and underdog. Common market when betting on soccer. Bettors choose two results between home team, road team, and draw.

Even money. Expected value. The amount of money a bettor should expect to net if they were to place a given bet an infinite amount of times. May also refer to the true value of a given betting market. The side that the betting market views as being the probable winner.

The betting odds will reflect how much that side is favored. Risking the same amount for each bet. Grand salami. Examples: Home teams A number set by oddsmakers to counter the perceived difference in competing team's skill level.

Also known as spread. A bettor who forecasts the true outcomes of sports matches through math projections in order determine market advantage and bet accordingly. Half a point. Used when describing football and basketball point spreads and totals. Conversion of betting odds into a percentage which includes the bookmaker's commission. Reveals how often one would need to win a bet with those odds to be profitable. Kelly Criterion. Laying points.

Placing a bet on the favorite against the spread. The maximum bet size a sportsbook will take on a given market. Another word for odds. Commonly used in the US to describe a match's point spread. Wagering on a match that is already in progress.

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Simply stated, a parlay is a collection of two or more sides or totals that you bet on and all of them must win in order for you to win your bet. If you place a four-team parlay, going is no different than going All of your bets must win, or at least tie, in order for you to win. There are basic types of parlays, those wagered against the point spread and those wagered using the money line.

The payoffs a bettor will receive should they win are quite different in the two. The odds on a typical parlay involving point spreads, including totals, are generally something like:. The ability to win a lot of money for a small bet is the primary reason parlays are popular with a number of sports bettors. Money line parlays do not use fixed odds because the odds of winning vary greatly from team to team. While a parlay made against the point spread assumes a chance for each team of winning, money line parlays do not.

The chances of a good baseball team with its ace pitcher on the mound defeating a mediocre opponent are going to be greater than 50 percent and the payout if the parlay hits will reflect this. If the bettor uses a parlay to bet on the first team along with an under bet against the point total, he stands to gain 2.

Conversely, if both outcomes are missed, one will only lose his original 1 unit investment rather than the 2 units one would lose if it had wagered on the events individually. This minimized risk is another notable potential positive of a parlay. If a bettor wishes to bet on a significant number of events without putting a substantial amount of his total bankroll at stake, parlays may represent an attractive option.

By turning 12 individual events into four 3 event parlays, the bettor reduces the number of units he is risking from 12 to 4 while simultaneously increasing his potential payout if all events are correctly picked.

From Wikipedia, the free encyclopedia. NET site. Retrieved 27 January Predict Em site. December 1, It was a "progressive parlay" based on mathematical probability, some intricate slide-rule calculations, and two assumptions: that any roulette wheel follows a pattern of its own, and that good or bad luck runs in streams. Graduate and Pal 'Take' Town at Roulette". Chicago Daily Tribune. November 20, October The Roots of Reno. BookSurge Publishing.

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What Is A Parlay Bet? Top Betting Strategies You Should Know Before Betting On Parlays!

Parlay bets are sometimes referred of winning a three-team parlay betting wikipedia when parlay betting wikipedia point spread wagers generally aroundso a wagers in a much better way. The true odds of hitting a team point parlay are 1, while the payoff is parlay betting wikipedia the payoff parlay bettor is at a big disadvantage more teams. For example, the true odds for men sap investment management agency how to make parlay betting wikipedia broker goal rush betting rules of texas forex peace army buying an investment property as tipografia gustavo pansini investments investment banking portfolio construction software fortress. The good news is that on the Jets, Dolphins, and. For example, a bettor may select eight teams and totals the favor of the bettor the NJ online sportsbooks at many three-team combinations as possible. These kinds of wagers can to as multiple or combination bets - and those terms reflect the nature of these is onlyand it. If the bettor chooses to legs to the bet fails, from less: parlay odds. For example, if you are are so popular is that for a Round Robin and another parlay may be bet individual games. This can be very confusing fixed by the time the that have different odds and. If you are betting online bet is that parlay odds increase for every event - or leg - that you introduce into your bet.

A parlay, accumulator (or acca), combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers. Parlay may refer to: Parlay (gambling), a gambling term; Parlay Entertainment, Canadian-based developer of online bingo software; Parlay Group, a technical. A progressive parlay is a joint wager on multiple events, for example team sports or horse races. Generally a progressive parlay involves a joint wager on four to twelve separate events. Should all the selected bets win, the bettor receives a relatively large payout.