# Parlays Aren’t Just For Suckers Anymore

A friend passed this article along to me. Said he thought The Sharp Plays audience would enjoy the read. It was one of my favorite articles that he put together so I am happy to post it here. I asked if I could give him credit and he said, no, that’s not why he was passing it along to me. LOL! You’re the man. Thank you again for sharing it with me and I am sure everyone reading will get jiggy with this topic… parlays! Who doesn’t love a good parlay??

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The goal of parlays is to win at a greater frequency than the odds pay. What does this mean? If the parlay pays 6-1 then our goal is to win that parlay at least once out of every five times we play it. In that situation our probability of hitting the parlay is 4-1 but the book is paying us 6-1. That little bit of difference can add up to a huge house edge over both short and long periods of time. As the parlays get larger in the number of teams, our edge expands. I am going to post a link to an article on parlays at the end of this message. I think the article is worth reading for any sports bettor who plays parlays. It is one of my favorite articles on the topic. One section of that article includes a table I am about to get into and it is the crux of why we do parlays when everyone says they are a sucker bet. Yes, they are a sucker bet if you suck at picking bets.

Let’s just shoot very conservatively and say that as a whole we hit a combined 55% of our selections. I am saying 55% simply for the purposes of calculations already done in the article I am citing (link below). Check out the table below: