The US gambling industry has witnessed its own unique surge in overall popularity in recent years with more punters now actively betting on various outings from a number of professions and contests, with includes the likes of parlay bet builders being a particular favorite for a number of active players.
Due to many US state governing bodies and laws now adjusting or even abolishing a number of their restrictive laws surrounding gambling, many more active players have since expressed their interest in betting on any such specified event such as sports or casino games.
Given that a variety of densely populated US states have now changed their stance on the gambling industry, more opportunities have since presented themselves to punters to place a variety of unique bets on the aforementioned competitions, which includes the introduction of parlay betting.
More experienced and highly frequent punters will highlight their continuous involvement with parlay and the advantages that such a method so often provides to those who want to take the risk, which has since caused a wider array of punters to express their intrigue in betting in play via parlay and thereby changing the overall perspective of the modern day betting industry.
What is parlay betting:
Parlay is mainly used in the betting circuit for major sporting events from either the same game or other ongoing contests from a number of high profile leagues.
This betting process revolves around a punter placing more than one bet on a specified event that could occur in a game for various other related contests.
Punters can bet on a vast number of games with the hopes of gaining a major winning bonus if their bets are all successful, should the events they have chosen to wager come to fruition.
However, the major drawback and risk that comes with parlay betting is that all the listed wagers have to be a success otherwise the punter will fail to claim any such winnings from their wager, meaning that every bet has to be success or there is no payout.
While parlay is an extremely intuitive and enticing wager to construct, this is often a method that is only considered to be utilized by the most frequent punters and those who have a tremendous specified knowledge on the events that they are wagering.
Some examples can include a parlay based on the number of threes that Stephen Curry will score in a game, whilst also wagering on the Boston Celtics to concede no more than one hundred points in a game.
Fans of the sports betting scene can now gain a more valuable insight into any parlay bet via the DraftKings sportsbook, with numerous parlay options now being available to wager ahead of any renowned sporting contest.
How has parlay influenced the betting industry?
One of the main reasons as to why parlay has elevated the betting industry to the heights it has reached in recent years, stems from the various pros and cons that parlay provides players that in turn can often draw their attention to bet on any major encounter.
The sheer palpable excitement surrounding any such parlay bet is often considered a major draw for a number of punters given that it can often showcase their knowledge when it comes to the sports that they adore as well as the confidence and bragging rights that claiming bet winnings can so often provide.
As mentioned above, parlay payouts are amongst some of the top winnings for any major bet due to their involvement across numerous other events that a punter can wager on from an original stake that is up for grabs.
A five dollar original stake can quickly rise into the hundreds and even upwards thousands of dollars for winnings depending on how many bets a punter wagers on and their overall chances of coming to fruition.
Parlay bets may offer a large amount of risks and even noticeable implications for beginner bettors, yet the thrill and excitement surrounding a parlay wager has become a major staple in attracting a number of players who are raring to put their predictions into play for the latest upcoming fixtures featuring their favorite teams from a wide variety of sporting leagues.
Parlay also tests a punter’s mind-set and their approach towards various bets that can include major or miniscule stat lines such as the number of corners or individual yellow cards that are to be handed out in a soccer game.
If you want to try your hand at parlay betting, then it is often considered that you have a greater understanding of a selective sports’ analytical breakdown of statistical information on an individual player’s performance and how they are likely to interpretate the game in the favor or to the detriment of their team.
To conclude, parlay provides punters with a tremendous opportunity to test their knowledge at the highest level and to gain the opportunity of acquiring a major payout at the event’s conclusion, which is something that can entice any avid sports fan.