What is an NFL Parlay
NFL betting and NFL parlays go hand in hand, and aside from straight wagering, NFL parlay bets are the most popular type of wager placed on the NFL
An NFL parlay is a bet where you combine multiple selections into a single wager, with all of the selections needing to win for your bet to win. While the difficulty of winning a wager increases with the number of selections you add, to calculate the odds of a parlay you multiply the odds of the individual selections so the more selections, the bigger the parlay odds.
You can combine a range of NFL picks into a parlay bet, but the most commonly used markets in NFL parlays are moneylines, spreads, or totals.
NFL parlay bets, with their greater odds allow you to wager less and win more. Most spreads and totals markets will be odds of around -110 or -120, a three-team parlay on these markets typically pay around 6/1 (+600) with a four-team parlay paying around 12/1 (+1200)
Parlays are also a popular choice if bettors think there are strong favorites on the Moneyline. For example, if you select three teams all at odds of -350, some bettors may not want to wager $350 to win $100 on each selection, so instead, they can combine them into a three-team parlay where the odds will be +113.
Our experts will highlight the best NFL Picks today to combine into an NFL Parlay, offering you even more variation into how you want to wager on the NFL action, with bigger odds parlay selections.
How to win an NFL parlay
Parlay Bets despite their popularity can be one of the most lucrative bets, with increased difficulty with each selection you add to your parlay.
The NFL is obsessed with parity, from the NFL Draft order to the salary cap, the league has long made a conscious effort to give every team a shot at being competitive. While that is not always the case, the majority of teams are or can be competitive against anyone, on any given day.
As such, anyone can beat anyone, upsets are commonplace and a large portion of NFL spreads are at a field goal or less. With plenty of upsets and closely-matched games, winning a parlay is not the easiest of tasks particularly if you add lots of selections. Here are three quick tips to better your chances of winning long-term with your NFL Parlays
- Stick to 2, 3, or 4 team parlays – Any more than this will often not be profitable long term despite the increased parlay odds.
- Shop around for odds – Not all online sportsbooks offer the same odds, and while there is often only a marginal difference, if you can wager three picks at -105 each instead of -120, your payout would be $744.21 instead of $616.20 to a $100 stake.
- Manage your bankroll – Being disciplined with your bankroll is key long term as not all parlays will win, particularly in the NFL, but if you keep your stake consistent, at odds of around 6/1, you only need to win 1 in 7 parlays to break even, any better than that is profit.
How to bet on NFL Picks and Parlays
Betting on NFL 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.
Due to the popularity of NFL betting and also NFL parlays, sportsbooks pay a considerable amount of attention to these markets, and in shopping around you can find great variations in odds, spread lines, and often price boosts. Shopping around for these advantages is key to having long-term success.
Unsure where is best to place your NFL parlay bets? Head over to our online sportsbook reviews page where we breakdown all the information and latest promo codes you’ll need to know for all of the top online sportsbooks.
Teaser NFL Picks and NFL Parlays
One of the ways to avoid the frustration of losing an against the spread bet by a point or two is with teaser NFL picks. For example, in a 2-team teaser, you get 6 points placed in your direction (-7 spread becomes -1) for both games. The caveat being that both teams must cover for your ticket to be graded a winner and the odds are similar to a single game bet. Conversely in a parlay, you still wager on two teams but with the original spread and with better payout odds (usually 3:1). Teasers and parlays can be played with 2,3,4,5 teams or more.
What Is A Same Game Parlay
A Same Game Parlay is just like a regular parlay wager, except all selections come from prop bets within one specific match. The obvious positive of a Same Game Parlay is that by combining multiple selections you can go for an even bigger win with the odds increasing with each selection.
Bettors will often use Same Game Parlays to wager on correlated props, and if you get it right the payouts can be huge. Take, for example, a team facing a poor pass defense with an elite QB, in that spot you might take the QB to hit over their passing yards total and you can also parlay that with their favorite wide receiver to score anytime and over their receiving yards total.
As with any type of Parlay wager, the more selections you add, the more difficult it is to win, but the odds also greatly increase.
How Do I Bet On A Same Game Parlay
FanDuel Sportsbook was the first to champion the Same Game Parlay in the US market, offering them on every NFL game each week. With its increasing popularity, it was no surprise to see competitors offer similar markets, with BetMGM and PointsBet now also offering their versions, which they call One Game Parlays and Single Game Parlays. Different name, same concept.
To bet on the same game parlay simply head to either FanDuel Sportsbook, BetMGM or PointsBet and click on the NFL tab, this will display all of the matches currently available. Click on the match you want to wager on and you’ll see a Same Game Parlay tab on the top navigation bar, click here and simply select all of the prop bets or spreads you want to combine in your parlay.
Each selection will be added to your bet slip on the right side of the page, with the Same Game Parlay odds updated with each pick. Once you have added all of your selections, enter the amount you wish to wager and hit ‘place bet’. And that’s it, you’re on!
New to betting? or not yet registered with one of the sportsbooks currently offering Same Game Parlays? Check out our full reviews for FanDuel Sportsbook, BetMGM and PointsBet here, where we take a look at everything from sports on offer, their mobile app, deposit and withdrawal options, and much more. Also be sure to check out our latest Sportsbook Promos page for the latest sign-up offers, including at FanDuel, BetMGM and Pointsbet to get your Same Game Parlays off to the best possible start.