Should You Bet on Parlays?

 

When it comes to betting on sports, there are many options for gamblers to place their wager. The most popular wagers are straight bets which include betting on the money line, the point spread and the totals. However, these types of wagers are just the beginning with other types of bets with higher risk but higher rewards. Today, we talk about Parlay Bets and answer the question, Should You Bet on Parlays or not.

Parlay bets are popular amongst gamblers that are confident in their sports wagering capabilities. Of course, they are also a popular amongst those looking for a bit more action than a normal bet. Needless to say, parlays can be an excellent way to make more money betting on sports. Or at east, if it is done correctly.

What is a Parlay Bet

For those new to sports gambling, according to sportsbook pay per head websites, a parlay bet is a wager made up of 2 or more bets. In addition, a parlay can be made up of bets in the same sports or across multiple sports. Basically, it allows you to group several single wagers into one giant bet.

However, the odds for parlay bets are much higher because the risk is far greater. This is because all matches in your parlay bet must win in order to win the parlay. Therefore, if one bet loses, the entire parlay loses. It’s as simple as that.

 In the case one of the matches in the parlay ends in a tie, the parlay ignores the match. Thus, a 3-team parlay would become a 2-team parlay while a 2-team parlay would turn into a straight bet.

Parlays have been around for a long time and are a favorite in North America and Europe. In the North American, it is known as “parlay Betting” while in Europe, it is known as “accumulator betting”. The most popular parlay bets are 3 to 4 team parlays. However, for the adventurous gambler, they can go as high as 8 teams!

Example of a 3 Team Parlay

let's say a gambler wants to risk $100 each on 3 KBO money line bets. All three teams are underdogs: the New York yankees + 150, the Atlanta Braves + 100 and the Chicago Cubs + 200. If you bet $100 on all three teams individually and all three won, you would win $450 total. Of course, you would also get your stake money back on top of the winnings.

However, if you bet $100 on all three teams in a 3-team parlay and win the parlay, you get $1,800! That is a big difference in payout which is why people like take that extra risk.

Typical Parlay Odds and Payouts

Parlay	Odds	Amount Won	Payout
2 team	2.6 to 1	$260	$360
3 team	6 to 1	$600	$700
4 team	11 to 1	$1,100	$1,200
5 team	22 to 1	$2,200	$2,300
6 team	45 to 1	$4,500	$4,600
7 team	90 to 1	$9,000	$9,100
8 team	180 to 1	$18,000	$18,100

Keep in mind that these payouts are for fixed odds and may differ with different sportsbooks.

Should You Bet on Parlays: Yes or No

Statistically speaking, the house always wins on the long run and that is especially true for parlays. The average hold or money a sportsbook makes from every wager made is 5 to 8 percent. However, the hold on a parlay bet is around 3 percent. This means that sportsbooks have a higher profit margin with parlay betting.

In simple terms, the answer is no as they have worst odds then a normal wager. However, just like the lottery, the bigger the risk the bigger the prize!

For those who want to know how to be a bookie, or own a sportsbook, this is a classic example as to why you need to pay attention to the type of bets players makes

This is because if sportsbooks do not control properly their odds, it could lead to heavy losses. Thus, we recommend that you make sure to put limits on parlays and other high risk high reward wagers.

Royals vs Guardians MLB Betting Pick and Prediction for 08/28/2024

 

We are now entering the time of the year where the MLB season is starting to get very interesting. As proof, lets take a look at this afternoon’s MLB game between the Kansas City Royals and the Cleveland Guardians. Both teams have the same record of 75-58 meaning they both need to win this game. Thus, here is my take on what will happen with my Royals vs Guardians MLB Betting Pick, prediction and analysis.

This baseball matchup, will take place at Progressive Field giving the Guardians the home advantage. Will this be enough to beat the Royals? According to online sportsbooks, it will be enough as they are the favorite to win with a -142 money line. Interestingly enough the odds set by bookies are not as bad as I had thought against the Royals. For those who understand how a sportsbook pay per head works, it does make sense because of the public betting supporting the Royals.

However, Kansas City has consistently outperformed Cleveland. Especially since they have performing very well of lates resulting in a significant rise in their standings. Therefore, they are entering this matchup with a positive momentum, as evidenced by a recent series that highlights their capabilities. Last but not least, Tanner Bibee will take the mound for the Guardians while Kansas City will counter with Michael Wacha.

On the other hand, the Guardians have not met expectations this season. However, there remain aspects of their performance where they exhibit strong competitiveness. The team's batting average stands at a modest .237. In addition, they have managed to score just 600 runs, indicating a need for enhancing their offensive. Nevertheless, their pitching staff has kept them competitive in numerous contests, boasting a commendable 3.82 ERA and a 1.22 WHIP.

Why the Kansas City Royals will Win

The Royals (75-58) have achieved victory in eight of their last eleven contests, resulting in a tie for first place with Cleveland. In last night's game, third baseman Paul DeJong contributed significantly by hitting a two-run home run in the second inning, leading Kansas City to a 6-1 triumph on the road.

Michael Wacha, serving as the starting pitcher for the Royals, is one of the most reliable players on the roster. With a commendable ERA of 3.32 and a WHIP of 1.2 over 133 innings pitched this season, Wacha's effectiveness is underscored. This is due to his limited number of walks, totaling just 38, alongside an impressive 113 strikeouts. 

However, he is expected to continue this role, aiming to maintain the Royals' elevated performance. This moment could prove crucial in the context of the game. Thus, counting on him could be part of an excellent baseball betting strategy when he is on the mound.

Why the Guardians will Win

The Guardians faced the Texas Rangers during their weekend series. It was a complete sweep over the Rangers with a 5-3, 13-3, and 4-2 wins. However, in the Tuesday game against Kansas City, the Guardians conceded three runs in the seventh inning and were unable to mount a comeback. Starting pitcher Gavin Williams completed 5.0 innings, allowing two earned runs.

The Guardians will entrust the series finale on Wednesday to one of their most reliable pitchers, Tanner Bibee. For those who want to become a bookie, this is one pitcher to watch out for when bettors make player prop bets. This is because this season, Bibee has achieved a record of 10-6 over 25 starts, which includes eight quality outings. 

He currently holds an ERA of 3.46 and a WHIP of 1.10, having surrendered 16 home runs. Throughout 138 innings pitched, Bibee has permitted 119 hits, while recording 150 strikeouts and issuing 33 walks. In his most recent appearance, a 5-3 defeat against the Rangers, he pitched 5.2 innings, allowing eight hits and four runs, while striking out six batters.

Kansas City Royals vs Cleveland Guardians Game Info

·         Date and Time: 08/28/2024 at 1:10 PM ET

·         Location: Progressive Field

·         Watch on: Bally Sports, FUBO

Royals vs Guardians MLB Betting odds

Team	Pointspread	Total	MoneyLine
Kansas City Royals	-1.5 (-188)	O8 (-110)	+120
Cleveland Guardians	+1.5 (+155)	U8 (-110)	-142

 Royals vs Guardians MLB Betting Pick

Bet on the Kansas City Royals at +120

Hunter Renfroe of the Kansas City Royals has been placed on the 10-day injured list due to a right hamstring strain. After 133 games, the Royals are currently positioned 10th in OPS and 5th in total runs scored.

In contrast, the Cleveland team holds the 18th position in OPS and ranks 12th in runs scored for the season. I predict the Royals will win with a final score of 5-3.

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Playtech Sports Betting Software Review

 

For those who want to know how to start a sportsbook, the first step is in choosing the right sports betting software. However, there are many betting software out there. Thus, today I take a look at the Playtech Sports Betting Software Review.

Playtech PLC is one of the gambling software development companies in the world.  They provide a wide array of gambling software from casino software to poker, bingo, sports betting software and more. We will cover the Playtech Sports Betting Software Review and how it stands up to other sports betting software. In addition, we will go over it is the ideal sports betting software to

The founder of Playtech, Teddy Sagi, began the company in 1999 in Tartu, Estonia.  In addition, with several partners from the casino, software and multimedia industry, their first casino product came out in 2001. Since then, the company has become one of the best-known international gambling software providers in the world.  Some of their clients include William Hill, Ladbrokes, Bet365 and many more top gambling websites in the industry.

Furthermore, Playtech PLC is a publicly traded company on the London Stock Exchange under the symbol PTEC. In addition, they employ over 5,000 people 17 locations around the globe. Today, their main office is in the Isle of Man.

Playtech BGT sports division provides sports betting software to sportsbooks and their betting software powers over 27,000 betting terminals. Furthermore, they pride themselves on designing, developing and providing the best and mores responsible gambling technology in the world.

Playtech Company Information

Playtech General Information: ·         Company Name: Playtech PLC ·         Ticker Symbol: PTEC ·         Inception: 1999 ·         Email: sales@playtech.com ·         Telephone: +44 (0)20 7861 3232 ·         Website: www.playtech.com ·         Address: St. George’s Court, ·         Address: 2nd FL. Upper Church St. ·         City: Douglas ·         Country: Isle of Man

Playtech Features and Services: ·         Sports betting Software ·         Online Casino Software ·         Live Dealer Casino Software ·         Live Betting Software ·         Mobile Betting Applications ·         Virtual Sports Software ·         Poker Software ·         Bingo Platforms ·         Retail Software and Systems ·         Financial Trading Software

 

Playtech Sports Betting Software Review

The Playtech Sports Betting Software contains is a highly customizable frontend that makes all bookmaking owner very happy. This is because they are easily able to integrate the software within their website.  Thus, a sports betting website can customize the software for individual sports as a stand-alone software or as a cross-platform.

In addition, the software has top-of-the-line sports action from different countries around the world.  Therefore, players are able to bet on most sporting events such as basketball betting in Korea or European football.

From an operator’s point of view, the Playtech Sports Betting Software has several great management tools.  These tools are easy to use and are perfect to ensure a successful gambling operation.  Some of the tools include risk management, sport betting odds making platform, automatic odds balancing and an event one module.

According to several sports betting software reviews, Playtech is compatible with several different sports data providers.  This means that operators have a choice of suppliers allowing them to easily offer live betting, future bets and props.

Playtech Recommendation

The Playtech sports betting software is a great sport betting platform for online and terrestrial sports betting operation. It ranks as one of the best bookie software on the market. If you can afford this expensive software then we recommend using it.  This is because it is easy to use for the player and the operator and offers several great features.

Eagles vs Patriots NFL Preseason Betting Pick and Prediction for 8/15/2024

For Thursday night NFL Preseason game, the Philadelphia Eagles are heading to Foxborough, MA to take on the Patriots. So which team will reign supreme for this NFL Preseason Week 2 matchup? Here is my take on it with my Eagles vs Patriots NFL Preseason Betting Pick and analysis.

The Eagles are looking their second victory of the 2024 preseason, following their recent triumph over the Ravens in Baltimore. Meanwhile, the Patriots will seek to maintain their undefeated status in the preseason.

While this is just the NFL Preseason, bookies are still enthusiastic about entering the second week of the Preseason. This is because every wager they take means more money for them if they can get their lines correct. Another reason why the football season is important for bookies is because football bettors tend to bet on a regular basis. Therefore, it is a steady football betting handle for sportsbooks.

Rookie RB Will Shipley caught a seven-yard touchdown pass from Kenny Pickett, allowing Philadelphia to take a 6-3 lead in the first quarter. Additionally, rookie RB Kendall Milton led the Eagles with a game-high 39 rushing yards, contributing to their overall advantage of 259 yards compared to the Ravens' 164.

According to BookiePPHSolutions.com, this is the first time since 2000, the Patriots began the season without coach Belichick. The Patriots (4-13) finished near the bottom of the NFL in various offensive metrics last season and selected QB Drake Maye with the third overall pick in the 2024 NFL Draft. In Jerod Mayo’s inaugural game as head coach, New England recorded five sacks and restricted Carolina to just 151 total yards in a 17-3 victory at home.

New England established a 7-0 lead at halftime, thanks to a two-yard touchdown run by Kevin Harris. Rookie QB Joe Milton later connected with JaQuae Jackson for a 38-yard touchdown pass. Kayshon Boutte led the Patriots with a game-high 53 receiving yards.

Why the Philadelphia Eagles Will Win

The Eagles (11-6) have emerged as one of the most dynamic offenses in the league following the introduction of Jalen Hurts as quarterback and the acquisition of RB Saquon Barkley during the offseason. On Friday, Jake Elliott successfully converted a 49-yard field goal as time expired, securing a 16-13 victory for Philadelphia against Baltimore on the road.

Furthermore, several statistics models from betting software give the Eagles a win probability of 65%. On the other hand, they give the Patriots have a win probability of 35%.

Why the New England Patriots Will Win

The Patriots have successfully covered the spread in two out of their last three preseason games, highlighted by a strong 17-3 win against the Panthers at home last week. Although they experienced a challenging 4-13 season, the Patriots performed admirably against the spread towards the end.

Thus, they were able to secure victories in four of their last five contests. Notably, New England achieved a dominant 35-0 victory over the Eagles in a preseason game held in Philadelphia a few seasons ago.

Chicago Cubs vs St Louis Cardinals Game Info

·         Date and Time: 08/15/2024 at 7:00 PM ET

·         Location: Gillette Stadium

·         Watch on: MARQ, Bally Sports

Cubs vs Cardinals MLB Betting odds

Team	Pointspread	Total	MoneyLine
Philadelphia Eagles	-1.5 (+105)	O35.5 (-110)	-120
New England Patriots	+1.5 (-115)	U35.5 (-110)	+100

Thursday Night Football NFL Preseason Pick Betting Pick

Bet on the New England Patriots at +1.5

Kendrick Bourne, the wide receiver for New England, is continuing his recovery from a torn ACL and will be unavailable for this game. Last week, Philadelphia recorded an average of only 3.4 yards per pass attempt, a performance that is unlikely to suffice against a formidable New England defense. Therefore, the Patriots will take the win and cover the spread with a final score of 19-14.

Features a Sportsbook Needs to be Successful

 

I have been in the sports betting business for most of my life now and it irks me that so many bookies and sportsbooks still can’t get it right. I am talking a bout the features a sportsbook needs to be successful from the sportsbook website to the betting platform.

With the football season right around the corner, I am hoping that bookies are updating their sportsbook for the football season. To help out, here is my take on the features a truly successful sportsbook website and software needs to be successful.

As someone who has dabbled as a bookie, I understand that the football season is both exciting and fearful for bookies. This is because for some bookies who use a low-tire pay per head software, this time can also bring a sense of unease and anxiety. 

They worry that their Pay Per head service might not perform as expected, that betting sites could experience crashes, and that they may lack the support of strong, secure, and dependable football betting software.

Of course, this wouldn’t happen if they had looked at bookie pay per head ratings to find the best one. But I digress… So here is my take on the Features a bookie website needs to be successful.

Features a Sportsbook Website Needs to be Successful

Responsive Sportsbook Website - A responsive website seamlessly adapts to various screen sizes and devices. This ensures that users can navigate the site effortlessly, regardless of whether they are using a tablet or a desktop computer, providing a consistently enjoyable experience for all players. There are several options to consider:

User-Friendly Sportsbook and Betting Platform - Online businesses often come across as detached, lacking the personal touch of face-to-face interactions. That's why it's essential for online sportsbooks to offer an intuitive interface that makes it easy for users to navigate and enjoy their betting experience.

When I say user-friendly, I mean that users can quickly and easily locate the football betting odds they need. For example, placing a bet on college football should be easy to do without a lot of searching. Thus, placing a bet should be a simple process with minimal steps required to complete it.

It's also crucial to highlight key information; for instance, players should easily see their available and at-risk balances, and pending or graded wagers should be just a click away. Important notifications from the agent should appear as soon as the player logs in, and betting lines should clearly show their start times and dates.

Many sportsbooks struggle with presenting alternative lines, props, and special tournament odds. If the odds descriptions are unclear, it can easily lead to confusion for players when they try to place a wager.

Pleasing to the Eyes - It might seem superficial, but appearance is important. A visually appealing and well-structured front end plays a crucial role in providing an exceptional betting experience for your players.

Sports Betting Features a Sportsbook Needs

·         Betting Options - The landscape of sports betting has evolved significantly, making it essential to provide a broad array of choices. Furthermore, it is vital to include a variety of tournaments and leagues, catering to both global and local events, to satisfy the diverse preferences of players and bettors around the world. This means covering essential global events, amateur competitions, and lower-tier leagues, while also providing a comprehensive selection of markets for every game.

·         Distinct Betting Options - To stand out in the competitive betting market, it's beneficial to diversify your offerings. Consider providing bets focused on individual player performances or head-to-head matchups, such as player vs. player or team vs. team. In addition, wagers on geopolitical events, cosmic phenomena, weather conditions, and other natural occurrences are essential.

·         Bet Builder and Bet Constructor - A top-notch sportsbook should offer a wide range of betting options, from straightforward to intricate. With our innovative approach, bettors can now select from a broader spectrum of outcomes across various markets within a single game.

·         Live Betting - More than 46% of all wagers are made during live events. As the game unfolds, fans gain a clearer picture of the action and tend to bet on what lies ahead. Bettors take into account several key elements, including the variety of live events and markets available, how often they are aired, and how frequently odds and stats are refreshed. To create an exceptional sportsbook, it's essential to offer bettors an engaging and dynamic real-time betting experience.

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