Parlay Parlay Parlay!
One of the most exciting but also dangerous things to happen in recent memory for the sports world is the introduction of legalized gambling. In the past, sports books were only allowed in Vegas and maybe Atlantic City (I honestly don't know), but now you can have your very own sports book right in the palm of your hand.
I can't watch TV most nights without seeing at least five commercials for this casino or that casino announcing their new mobile app. It is crazy, impressive, and scary all at the same time.
I've never been much of a gambler (unless you count stocks and crypto), but when the smartphone apps first started launching they were giving away some insane money for people opening accounts, so I figured why not.
Deposit $50 and get $500 in free bets on us!
$20 gets you $200!
Everywhere you looked these places were basically giving away free money. I figured "why not give it a shot", so I signed up for two of the biggest ones that already had established fantasy programs. Draft Kings and Fan Duel were my applications of choice.
I have to admit it wasn't easy to get started. There are some pretty complex location identification things that need to happen. Since sports gambling isn't legal in all 50 states, they need to be sure you are not breaking the law in one of those anal-no-fun states. You also have to be careful because the app may let you sign up for an account on the platform, but then you have to go one step further to create an actual gambling account.
There's really not too much different about either of the apps, they all do pretty much the same thing, but I have been having the most fun with the Fan Duel app.
Of course by most fun, that means I have been winning with the Fan Duel app.
I can't believe I never knew about these magical things called parlay's until just recently.
Ever since college basketball season last year, I have have been hitting the parlay bets really hard. It is nice, because while you can create your own, you can also jump on parlays that other people have created and take advantage of their knowledge (or hunches) to win yourself some money.
I think I started with maybe $20 to $50 and by the end of the NCAA tournament, I had my account up to $200. I placed some small bets this past weekend and quickly saw my account drop down to $150 or so after I made stupid choice after stupid choice.
Thankfully, in addition to my own bets, I also threw $5 to $10 into a couple of parlays that had been created by other users. With all the conditions of those bets met, I quickly found myself back over $200.
Wooooo! Crisis averted!
I have pretty much decided from this point forward unless it is a straight bet for my Michigan State Spartans, I am going to try and stick strictly to parlay bets from here on out. Sure, you need more conditions met to win, but when you do win, you get a bigger payout.
It's pretty cool because you can even mix and match sports for your parlay. Say you want to bet on baseball, UFC, and football all in the same group. You can absolutely do that.
Like I said though, I love the fact that I can rely on the collective knowledge of the user base to make better decisions about what to include in the parlay than I would.
Of course, I know this all going to come back to bite me at some point. You should definitely do your own research before you dive into any of this. It certainly is making my weekends more exciting though!
Sports Talk Social - @bozz.sports
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I used to "hobby bet" for a few years in the past but I always kept it simple, only 1-2 or maximum 3 bets on a ticket, otherwise your chances go down the drain quickly. I think the term "parlay" is mostly used in the US, here in Europe we just call it "accumulator" tickets. If you do the maths, it shows that with every bet you add to your accumulator ticket, your chances to win really decrease big time.
Wanna show us some of your bets/tickets as you play?
Voted on ListNerds!
Yeah, the odds go down for sure. On the flip side of that though, the amount your win goes up when you do actually win. That's why I rely on other people to do all the research for me. It's all good fun. I am just trying to see how far I can take it at this point.
Gambling is a large market and companies like draft kings did extremely well during the pandemic. Of course, it can always come back to bite you so make sure to not gamble everything.
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Nah, I have my little pool of money and that is what I stick to. When that is gone, I am likely done. I'd never put more in than I can afford to lose. I've learned well from crypto!
Language is such a wonderful thing. Here in the UK we call that type of bet an accumulator - ACCA for short. Quite hard to predict the correct selections without a lot of research and understanding of the events taking place, as you stated, but very rewarding payouts when they come off.
Certainly adds to the excitement when following a game, urging your selections on to the goals you've set in the bet.
Yeah, it is quite exciting. It's always a bid disappointing when you lose a parlay by just one leg of the four.
Betting on a sporting event makes it much more entertaining to watch. I have been in betting leagues in a few places where I have worked, and they made it fun as you bet on all of the NFL teams.
I have tried the online betting app yet; it is tempting with their offers. I might just give it a go and try the parlay.
Good post, @bozz.sports
!CTP
It can be a dangerous rabbit hole if you don't have a good deal of will power. Gambling addictions were already an issue, now put that in the palm of your hand, it could be bad!