A parlay bet is a bet on multiple selections all to win, making it a high-risk, high reward style bet. A tournament like March Madness, particularly in the early stages is a prime opportunity to place a parlay bet. At Pickswise, we have regular parlays and same game parlay picks throughout the tournament, so you can get the best value from your parlay bets.
Be sure to check out our Parlay Calculator to calculate your potential winnings and odds on any March Madness parlay bet.
Check back later today to find out if any are added, or head over to our picks page for bets on all of today's big matchups.
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What is a March Madness Parlay?
A parlay is a single bet that involves two or more selections to win, with all of the selections needing to win for the parlay bet to win. The allure of placing a parlay bet, as opposed to a single money line bet is the greater odds and potential winnings.
Picking multiple underdogs in parlays can see the odds rise sharply, but with it, the difficulty also increases. Bettors may also choose to pick a combination of favorites in a parlay to enhance the odds of their bet, but upsets can happen, particularly in single-elimination tournaments such as March Madness so it’s a higher risk, higher reward type of bet.
Our March Madness Best Bets are a good place to start when building your own parlay, our comprehensive analysis and expert opinions are good inspiration for smart parlay picks.
The Best March Madness Parlay
The March Madness Bracket and rankings shape the way the tournament will unfold, determining the matches and routes to the final. With the early rounds perceived as mismatches for the top-ranked teams, they’ll be heavily favored by the bookmakers to win, so combining multiple teams into a parlay is a good way of seeking larger odds.
Whilst the risk is higher on a parlay in that more can potentially go wrong, you don’t necessarily have to risk more money to potentially cash bigger winnings. The best parlay bets use this to their advantage, especially in the context of March Madness, with so many games and bets to choose from if you make careful March Madness Picks to build your parlay you can keep your wagers low but still have the potential for a big win.
What Are The Advantages Of A March Madness Parlay?
The advantages of a parlay bet are the increased odds of the bet. With March Madness odds in particular, especially in the early rounds of the bracket, you will have overwhelming favorites with odds that can be a very short price and unappealing to bettors.
Parlay bets offer a great way around that by combining the selections to provide a much larger return on your March Madness Predictions
For example, if you wanted to place a bet on Kentucky, Kansas, and Gonzaga all to win their matches and assuming their individual odds were -400, the parlay odds for all three would be -105. Therefore $200 on each team individually would win you $50 on each, whereas $200 on the three-team parlay would win you $190.48. But all three must win to cash the parlay.
March Madness Same Game Parlay Picks
Same Game Parlays are sweeping the nation. Its a great, fun way to get involved in a game that you are watching. A March Madness Same Game Parlay is like a regular parlay, which is a multi-selection single bet, but instead of multiple games, all of the bets come from within one match.
For example, if you like a team to win in a shootout, you might be able to combine, Team A to cover the spread, Points Totals Over, and a star player to score 20+ points. Other March Madness Prop Bets are also a great option for expanding your same game or multi-game parlay.
Just as with a regular parlay, the odds of these selections are multiplied so your potential winnings grow with each selection you add, but so does the difficulty of cashing.
Different sportsbooks will offer different markets in the Same Game Parlays, as well as different odds, so be sure to shop around to get the best value for your bet.
Check our list of the best March Madness Betting Promotions.
Expert March Madness Parlays and Teasers
Betting on teaser picks is a safer option when betting on March Madness picks. A teaser is a type of parlay that allows you to reduce the line against the spread when combining two or more selections which increases the chances of winning but reduces the odds of a winning bet.
The number of points that the line can be moved in a teaser will vary between sportsbooks, but usually, in March Madness games the number of points will be between 4 and 6 points. For example, if your three March Madness predictions were -10 against the spread and you played them in a 4 point teaser, the line would move to -6 for each of them.
Teasers and parlays can be played with 2 teams or more from different matches and with multiple games played on each game day leading to the March Madness Championship Game, our experts will highlight the best March Madness picks for teasers throughout the tournament.
