MLB Parlay Bets

MLB parlay bets allow you to maximize your Major League Baseball betting potential by combining multiple individual bets into one large bet. Most MLB betting sites will let you assemble your own parlays with as many component wagers (or “legs”) as you please, and the payout for hitting on a parlay is considerably more profitable than the sum of all its constituent parts made as individual wagers.

However, it’s also statistically much more difficult to hit on a parlay, as you have to win every single leg to win the bet. Let’s say you have a 7-wager MLB parlay bet, and you get the first 6 parts right but lose the last leg. In this case, you lose your entire parlay, and you get nothing for hitting on the previous 6 correct results. Thus, parlays offer substantial risk for their tremendous reward, and it takes significant experience to know when and where to place a proper parlay wager.

MLB Parlay Bet Example

The following MLB parlay bet example will show you the benefit of using the parlay system: Let’s say you visit some MLB betting sites, and one of them is offering really `attractive odds on four separate games for the day. You could bet on these individually, or you could combine them all into one parlay. Here’s how different the payout can be between those two strategies:

For simplicity’s sake, let’s say you are betting $100 on each game, and that you win all your bets. A bet on the Braves wins $74.07, a bet on the Yankees brings in $64.52, a Washington wager earns $76.92, and – in an upset that you saw coming – a bet on the Athletics pays out $165. All told, off these four individual bets, you made $380.51 by risking $400. That’s pretty decent money, and most MLB bettors would be pleased with the payout.

However, since you were so confident with all four picks, you could have made substantially more by arranging them into a parlay. When wagering on favorites, parlays are typically good for adding around 20-50% to the value of your wagers taken individually. Even better, if you have an underdog among your parlay, the payout is typically multiplied by 2 or more. In the above example, then, you could have made around $1000 off that same $400 risk. Obviously, this is a far more substantial payout, and it’s why parlays are so enticing to sports bettors in general.

As a rule, the more legs your parlay has, the higher the increase in total payout percentage when compared to the individual bets themselves. As a further rule, the more underdogs you have in your parlay, the more multiples of your initial wager you stand to receive.

When To Make MLB Parlay Bets

If you want to make the most money possible at MLB betting sites, you probably want to know exactly when to make MLB parlay bets. One bit of advice here is that, while run line parlays do pay out slightly better than individual run line bets taken on aggregate, they really shine when you assemble your group of wagers from straight moneyline bets and include at least one underdog. (With straight bets, the underdog boosts the payout of the parlay in a way that run line underdogs do not.)

So, if you see a handful of games at one MLB betting site that strikes your fancy – and especially if one of those games features a “can’t miss” underdog on the moneyline – then you should seriously consider turning in a parlay on your betting slip. That said, it is strongly recommended that beginners stick to small parlays of 2 or 3 games, while more experienced bettors can afford to push their luck by including 4 or more contests in their MLB parlay bets.

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