Push In A Parlay
This post gives you an overview of parlay betting, a form of betting that allows gamblers to place several wagers on one and the same ticket. Such a bet is also referred to as an accumulator. If any of the selections ends with a push, the total profit is lowered to what it would have been if the selection was not part of that ticket. What happens if there’s a PUSH in your Parlay? Although “PUSH in your Parlay” sounds like the name of an erotic novel, it’s actually a somewhat common occurrence in sports betting. A parlay is when you make multiple wagers on one ticket. Each bet has to win in order for you to cash in on your parlay. If one of the bets on your ticket ends in a PUSH, then it is simply removed from your parlay.
A parlay bet is a single bet in which two or more outcomes are dependent on all wagers winning. The reason parlay odds have an allure to sports bettors is because they offer higher payouts than conventional wagers. Of course, the caveat for the bookmakers is that all bets in a parlay must win for bettors to win the bet. If, one or more of the bets loses, the wager is graded as a loss. Parlays are remarkably similar to the European accumulator, as both consist of several straight up bets that must prevail for the bettor to win the wager.
Parlay Odds
Okay, so we have explained what parlays are, let’s now figure out if they are profitable, and what kind of edge the bookmakers have on their bettors.
The standard payoff from an online bookie for a two team parlay is 2.6 to 1. The true odds of this bet are 3 to 1. Of course, no bookmaker will offer this to players, as they need to make their commission. Three team parlays pay 6 to 1 by the betting sites and have true odds of 7 to 1. The true odds represent the expected outcome if each bet in a parlay is a 50/50 proposition, and does not factor in the oddsmaker’s commission.
Here, is an example of a three team parlay:
Pittsburgh Steelers -3 1.91
New Orleans Saints +4 1.91
Saint Louis Rams +10 1.91
For this example, we used three different NFL teams. All wagers must win for the bet to be graded as a winner, and if any of the three wagers lose, the bet is a loss.
If we risked $100 at +600 (6 to 1), and our bet won we would win exactly 595.79, which we can round up to 596. Though our wager is +600, we still have to pay juice on each of three bets, which accounts for the bookmaker’s commission.
If one our bets should push, the parlay would become a two team parlay, and if two bets push, it would become a straight wager. This is a general rule for parlay betting, as pushing a bet in a parlay lowers the parlay odds by one game.
Parlays, in most cases, can be split between different sports, and spread out over the course of a few days provided the odds are available for wagering. For example, parlaying a tennis wager with a baseball and football wager. Many factors come in to play when calculating parlays, including the number of teams and the juice on each bet.
The best way to calculate a parlay’s profitability is to compare it to the true odds, which can easily be obtained by using a parlay calculator, or doing the math yourself.
Things to Look For
If you are an avid parlay bettor, it is essential to find a book with the best parlay odds. In a lot of cases, odds may vary slightly from book to book, and while this difference may seem trivial, it makes an immense difference to your bottom line. Finding the best odds for parlay betting is crucial and will make a significant difference in your bankroll. Be sure to compare parlay odds from leading bookmakers, if parlays are a prominent part of your betting repertoire. Taking advantage of promotions and bonuses is also hugely beneficial.
Conclusion
Parlays are can be solid bets if used effectively, even though the books do have the players beat on the odds, the vast majority of the time. However, there are situations where bettors can possibly have the upper hand.
Many bookmakers offer reduced juice on straight wagers, and allow bettors to import these lines into parlays as well. This can give bettors an edge on the book, or remarkably close to break even odds.
Another factor is that parlays require less bankroll, and bettors have the potential to gain a larger amount while risking much less. Rarely can you wager $100 to win $600, but you can betting three team parlays. We suggest you read up on Parlay betting strategies if you would like to learn more on the area of multiple bets.
Overall, there is no blanket statement regarding parlays. Recreational bettors bet them for amusement, and professional bettors use them to gain an edge. It all dependss on the situation, and the odds offered.
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A ‘push’ occurs when the result of a sporting event ends in a tie between the sports bettor and the Sportsbook.
Neither party wins or loses. So, the original wager is refunded back to the sports bettor.
Pushes in sports betting is not the worst thing in the world. What’s annoying is that you can spend your time watching the entire game, only to break even.
Nevertheless, sports bettors are not punished by Sportsbook’s for push bets. The full wager is always refunded.
Pushes are most common in sports that use the point spread, like Basketball and Football, but they can also be used in sports like Ice Hockey and Baseball in over/under betting.
Example
Imagine there was an upcoming NHL game between the Boston Bruins and the Calgary Flames, and the sports bettor was to bet that both teams would combine to score more than 5 goals.
The push comes into play if, at the end of the game, exactly 5 goals were scored.
If the bet was made and exactly 5 goals were scored, the bet pushes and the bettor would receive 100% of their wager back.
Parlay Push
If a bettor is making a parlay, every event in the parlay must win in order for the bet to win. But what if one of these events is a push? Does the parlay become void?
In most Sportsbooks, the answer is no. If a push occurs on one of the events in the parlay, that event is dropped from the parlay entirely.
In essence, it’s as if that event was never selected in the parlay at all.
After the event is removed from the parlay, the payout multiplier is adjusted, meaning that the new payout potential is also adjusted.
However, this is not always the case. Some Sportsbooks will count a push as a loss so it’s important to be aware of that sportsbook’s rules and T&C’s before making the play.
Half Points
Most betting lines on offer do not use whole numbers. Instead, they use half numbers. These betting lines do not have a push as an option as half points cannot be scored in any sport.
Going back to the previous example, imagine the total goals scored was over/under 5.5 instead of 5 and let’s say the bettor wagered on the over.
If 6 or more goals are scored, the bet wins. If 5 or fewer goals are scored, the bet loses. Half points are a way for Sportsbooks to avoid pushes.
12 Team Parlay Odds
At the end of the day, they are in the business of making money and pushes prevent them from doing so.
Avoiding A Push
Sports Betting Push
While Sportsbooks look to avoid pushes, bettors benefit from not using them too. While pushes avoid losses, they also prevent wins.
Gambling Push In A Parlay
For example, in American Football, the most common margin of victories are 3 points, 4 points and 7 points. This means that getting a half point on either side of the line can turn a push into a win.
Inside Trademate Push = Void
2 Team Teaser Rules
Inside the Trademate Sports products, we classify bets which end as a push as voided.
The reason for this is that the outcome of both these instances are the same. That the original wager is refunded to the sports bettor. So instead of having to different classifications it’s simpler to just count them both as void.
This Article was written by Ghostbettingtips!
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