What is the opposite of a parlay bet?

An action reverse bet allows you to bet on two to eight games, similarly to a parlay wager, but the wagers are placed conditionally on the one prior to it. Meaning your first bet will need to win for your second bet to be placed, and then your second bet will need to win for your third to be placed, and so on.

What is a straight parlay bet?

A parlay in sports betting is when a bettor makes multiple wagers (at least two) and ties them together into the same bet. If any of the bets in the parlay loses, then the entire parlay loses. However, if all wagers win, then the bettor gets a bigger payout.

What is the difference between a parlay and a system bet?

The main difference between parlays and system bets is that when system betting, you can win even if not all of your selected combinations are correct.

What is parlay and Robin?

Parlays tie multiple bets together, requiring every bet within a parlay win and rolling over the winnings from one leg to roll over into each of the subsequent ones. A round-robin allows you to play multiple parlays from a set of selected games.

What is a birdcage bet?

Chuck-a-luck, also known as birdcage, is a game of chance played with three dice. It is derived from grand hazard and both can be considered a variant of sic bo, which is a popular casino game, although chuck-a-luck is more of a carnival game than a true casino game.

SPORTS BETTING FOR BEGINNERS | WHAT IS A PARLAY?

What is a donkey bet?

Donk is a (potentially offensive) term used to describe a very bad poker player. A donk bet is a bet made out of position after check/calling on the previous street.

What is a monkey bet?

Monkey – Betting slang for £500. Nap – The best bet of the day from one tipster. Odds On - Where a bet's winnings are less than the stake - e.g. winning a £5 bet at odds of ½ results in a £7.50 win (including stake).

What is a Robin bet?

A round-robin bet is a parlay or teaser with three or more games, or "legs," where you are actually betting multiple smaller combinations involving your selections instead of lumping them into one must-win-all wager.

What is a teaser bet in football?

In sports betting, a teaser bet is a type of parlay bet. In a teaser bet, the bettor is allowed to change the point spread for a game, making the bet easier to win. In exchange, the sportsbook will lower the payout due to them if they win. The most common teaser is a two-team, six-point football teaser.

What is parlay vs parley?

To parlay is (1) to place a bet as part of a series of bets using cumulative winnings; (2) more simply, just to bet; or (3) to maneuver something of advantage to receive something else of much greater value. To parley is to have a discussion, especially one between enemies or opposing sides.

Why is it called parlay?

In gambling, parlay is used for a series of bets in which a person places a bet, then puts the original stake of money and all of its winnings on new wagers. The noun comes from the French name for such bets: paroli.

What is a moneyline bet?

A moneyline is simply a bet type that only includes Odds, as in “Odds to win”. Example: a moneyline of +150, is just +150 odds ($100 to win $150) for the listed team to win. A moneyline of -150 is just -150 odds ($150 to win $100) for the listed team to win.

Is a double bet a parlay?

A Double is the simplest form of Multi bet (or Accumulator/Parlay) a punter can take. It involves the punter placing a single bet on two different selections, with the initial stake being placed on the first selection, and then, if successful, the returns are rolled into the subsequent selection.

Do professional gamblers do parlays?

However, bettors can sometimes parlay several teams together for massive one-time payouts. Parlays are most popular during football season where bettors will oftentimes string together a dozen bets in hopes of striking it rich, and sportsbooks readily play into this get-rich-quick mentality.

Why do we avoid parlays?

So to be clear: While your odds increase with each successive bet, the individual odds that go into the whole bet shrink up. In short: Parlays aren't worth the money. But they are fun, which is why we recommend going easy! Parlays should not be your bread and butter.

Should I bet straights or parlays?

There's nothing wrong with placing a parlay or teaser bet every once in a while for fun. But bettors should never make parlays and teasers a daily habit or common routine. You are assuming massive risk and playing right into the sportsbooks hands. Instead, stick to flat betting.

What is round robin bet?

A round robin in sports betting is really just a series of smaller parlays created from a larger list of bets. It gets its name from a round-robin tournament, in which every team plays every other team in its group. The idea is the same. Instead of playing each other, the teams form parlays together.

What is a 4 point teaser?

A teaser involves an exchange of points for volume. The bettor buys some number of points, and in return, must parlay two or more selections. Usually, the standard teaser calls for the bettor to get six points per football game and four points per basketball game.

What does a 7 point teaser pay?

The odds on a 7-point tease is usually -140. That means a correct $140 teaser would pay out $100 in profit. Sometimes you'll see discounted 7-point teasers at -130 or even -120.

What does Joker bet?

Joker Bet is game of luck that goes through a 54-card deck, one card at a time. Before each card, the player may make various bets, such as the exact card, color, suit, and rank.

What is Drake's bet?

Drake bet $700,000 on the Chiefs to win outright, which would pay out nearly $1.5 million and net him $777,000. He also placed two Chiefs first touchdown bets for $50,000 — one on Patrick Mahomes and another on JuJu Smith-Schuster.

What are Red Robin bets?

Round robin bets are parlay bets with anywhere between 3-10 different combinations. You're essentially creating multiple two-team parlays with the hopes that any combination of the teams you select cover.

What is a pigeon bet?

The sport of pigeon racing has become popular across the world, with parts of Asia flying pigeons as a betting sport, where people can bet on the pigeon that they think will win the race.

What is a gorilla bet?

Gorilla: A colloquial term for one thousand dollars.

What is a shark bet?

A gambling shark is always hunting for a way to lower the house edge and/or find an advantage. This is the opposite of how most gamblers act. The good news is that you don't have to keep being a gambling sheep.