Is betting on NBA Parlays your thing?
With Round 1 of the playoffs in the books, Round 2 is underway. The Brooklyn Nets took down the Milwaukee Bucks in Game 1 as James Harden will not be available for Game 2 after aggravating his hamstring in the first seconds of the game.
The Denver Nuggets were able to undermine the amazing performances Damian Lillard was able to put together without Jamal Murray, who went down earlier this season due to a torn ACL. The Phoenix Suns took down the 2020 NBA Champions Los Angeles Lakers and look to prove why they were second in the Western Conference.
NBA PARLAYS VS. NBA SINGLES
All of this sportsbook allows the bettors to place wagers, whether it be a straight bet (single) or a multiple bet (parlay). A parlay, in this case, would be one wager with multiple selections, also known as legs. Each selection must hit for the bet to cash. The more selections the bettor puts, the higher the odds will be, also implying that the bet will have a smaller chance of cashing.
Parlays can vary when betting in the NBA, which include Moneyline, spreads, and totals for every game. BetMGM, FanDuel, and PointsBet offer Same-Game Parlays, which allow players to include things like player props, Moneyline, spreads, and totals into one bet. If you like to play Same-Game-Parlays, PointsBet and FanDuel offer the best odds.
FanDuel occasionally gives customers risk-free parlays up to $10 on some nights, and PointsBet offers a boost on parlays. As of right now, player prop bets do not have a cashout button, so it’s very risky as you either lose your initial bet amount or potentially multiple your potential earnings. So which is the best bet for sports bettors who are just starting or have been in betting for a long time.
WHICH ONE IS YOUR BEST BET?
For most experts in the industry, the answer is quite simple when betting in the NBA. Just like any sport, there are blowouts, unbelievable upsets, and bad beats. Even experts who stare at statistics and trends like it’s their job go through highs and lows.
However, what sets many apart from each other is the amount of money they are willing to risk a small portion of their bankroll and are willing to take breaks when on a cold streak. This advice can be used for any sport but for me, NBA has been the harder sport to bet as I have dealt with so many bad bets when it comes to parlays, more so than straight bets.
Suppose you bet on a consistent basis and especially a big gambler, whether an expert or not, single bets are the way to go for long-term success in the NBA. A single wager on a spread, player prop, totals, and Moneylines that are closer to even and minus, which favors the bettor more. Swinging for the fences with crazy odds in the NBA will most likely destroy one’s bankroll.
NBA parlays are fun, especially the Same-Game Parlays. This is where many sports bettors, especially the new customers, have to be careful. Parlays are not profitable long-term because you need every selection to hit, and for the most part, it’s the last leg that doesn’t hit and ruins your day.
Companies like FanDuel offer Same-Game Parlay risk-free bets and parlay insurances because they know at the end of the day, the sports bettor will place more wagers on the app and will most likely have a higher probability of losing money in the short and long term.
All these promotions are designed to get people hooked to wager more money. No matter what your bankroll is, straight bets will yield you more success, especially in the NBA.