Betting on the MLB is one of the best summer activities for any sports fan that appreciates good team sports. Baseball is the second most popular sport in the USA, plus it is relatively easy to predict the winner in a MLB game. Sixty percent of the time the favorite wins in a MLB and you simply cannot ignore this percentage if you like sports betting. If people could win 60 percent of their bets in all other sports, not just baseball, they would literally be rich.
A nice way to increase the ROI (return on investment) on baseball is with parley bets. The amount that you can win by betting on a single game is limited, but with a parley bet you increase the potential payout with every game added on the bet slip. If you are one of those good MLB bettors that can hit 60% of the bets he makes on the games, then you can easily increase your return by 40 percent by making a parley bet. The value is much bigger than just betting on moneylines.
A parley bet, also called a combo or accumulator bet, offers the chance for a much higher pay off because all the odds from the single games are accumulated into one. For example, if you want to bet on two teams from two separate games, one team with -1.40 and the other -1.30, in order to win $2 you have bet $2.70 in total on both bets. If you put them in a parley and wager just $1 your potential win will be $1.95. You get almost the same payoff at a lower risk. So, if you lose the parley you lose only $1, while if you lose the two separate non-parley bets on the other hand you are out a full $2.70.
It’s the same with any other selections that you make separately. Instead of going for a more expensive option and a lesser payout, you can put them all in one single bet slip by risking much lower amount of money. The risk with parley bets is that all of your parley selections need to be successful, otherwise you will lose the parley, but at a much lower cost.
Types of Parley Bets
Good types of parley bets that can bring you money are, for example, moneyline & total parleying, parleying two big favorites and parleying a favorite & two underdogs. The moneyline & total parley is great when you feel strong about a road team and home team. The two big favorites parley is the most common MLB parley. It is also the easiest parley and a chance to win more by risking less instead of betting on them separately.
Parleying a favorite & two underdogs is a great opportunity to bet on a strong favorite and two underdogs that you believe are underestimated and have the chance to win. You can win a hefty amount with this kind of a parley.