What is an MLB parlay
A parlay bet is a single bet in which you combine multiple selections, whereby you multiply the odds of those selections to calculate the parlay odds. Similarly to hockey, baseball does not have a traditional points spread market, with the run line usually set at +/- 1.5 runs, with the odds changing accordingly, rather than the line itself.
The most commonly wagered markets in MLB parlay bets are run lines and moneylines, and are often used to increase the odds on a couple of favorites to increase the odds of the wager.
With multiple games played on any given game day, MLB parlays are a great way to have a wager and interest in multiple games on today’s slate.
Our experts analyze every game of the MLB season, leaving no stone unturned in trying to find the best opportunities and strongest selections to make up our MLB parlay bets, all of which can be found here on our MLB Parlay Bets page.
How to bet on MLB picks and parlays
Betting on MLB picks and parlays is a quick and simple process with any online sportsbook. To create a parlay, you simply have to add multiple selections into your bet slip and click the parlay option before placing your wager.
Comparing odds is always important when placing a wager, but none more so that when placing a parlay bet. In the age of an expanding online sportsbook industry, sportsbooks are eager for custom and display this by competing to provide the best odds across their sportsbook.This is great for the bettor as you can shop around to find the best odds before placing your wager.
In an MLB parlay bet where you may be combining three strong favourites, each at odds of -200 with one online sportsbook, your $100 wager would return $338, if another sportsbook has the same three selections at odds of -150, a marginal difference, but with parlay odds multiplying, the difference in the payout is noticeable, with this scenario returning $463 for a $100 wager, $125 more.
Unsure on the best places to wager your MLB parlay bets? Head over to our online sportsbook reviews page where we breakdown all the information and latest promo codes you’ll need for all of the top online sportsbooks.
How to win an MLB parlay bet
MLB parlay bets are increasingly popular but can be notoriously tough to land, with teams often splitting MLB series’ and anyone can beat anyone, on any given day, very much a thing in the MLB.
So avoiding these potential pitfalls in adding selections to your MLB parlay is the toughest part. Our experts analyze everything from team form and news, matchups, weather conditions and a wealth of player and team statistics ahead of making all of our MLB predictions to try best reduce the chances of this.
Here are a couple of popular MLB parlay strategies used to try and increase the value of your odds with the aim of avoiding baseball’s variance and give yourself the best chance of turning a profit long term.
- Parlaying large favourites – Straight wagers on large favorites offers bettors little value, a $100 wager on a -200 favourite will return just $150, little reward for your risk. In combining two favorites at the same odds of -200 would see your same $100 stake would return $225, a more appealing return for your wager.
- Home Favourite and Under – You can parlay the moneyline and run total in the same game and a large home favourite and the under is a popular choice amongst MLB parlay bettors. Home teams bat last in baseball, and when they have a lead, the game only goes 8.5 innings instead of 9, a plus for unders backers.
Our expert handicappers have a wealth of experience wagering on MLB parlay bets, with tried and tested strategies and analysis in hand, we provide the best free MLB parlay bets throughout the season.
How to calculate MLB parlay odds
An MLB parlay bet is a single wager on multiple MLB picks, with all selections needing to win for your ticket to cash. One of the main reason’s sports bettors wager on MLB parlays is due to the large number of games, and an MLB parlay bet allows you to wager on multiple games at bigger odds than straight wagers.
One aspect of the parlay bet that can confuse sports bettors is the odds of an MLB parlay bet. Where some examples like NFL parlays will comprise of selections such as Against The Spread or Totals, these are fixed odds of always around +110 or -110, and thus, the parlay odds stay fairly constant too with a 3-team NFL parlay around 6/1 or a 4-team parlay around 12/1.
With MLB parlays, the markets are often not fixed odds, instead, the run line is fixed at +/-1.5 runs or +/- 0.5 runs with the odds changing to reflect the matchup. Similarly, Moneyline odds, which are also common in MLB parlays, will differ depending on the matchup, so calculating parlay odds aren’t as simple.
To calculate parlay odds you must multiply the odds of each selection of the parlay, the easiest form of odds to do this with is decimal.
If you want to parlay three selections at odds of 3.0, 4.3, and 2.2 you simply multiply the odds of your selections and then by your stake to calculate your winnings.
3.0 x 4.3 x 2.2 = 28.38 odds
28.38 x $50 stake = $1419 payout.
All online sportsbooks will calculate the parlay odds and potential payouts for your selections if you add them to your bet slip and click on the parlay tab.