Same game parlay bets are becoming more and more popular as the number of bookmakers accepting such bets not only grows worldwide, but bettors themselves have begun to appreciate the humongous potential for winning big if they make the right choices.
In some countries, same game parlay bets have been at the top of preferences of professional punters for some time now. Swiss betting sites, for example, have been proficient in that. But in other countries they are just beginning to understand the value of these specific accumulators. Yes, they are also called accumulators! Let’s find out more about these bets.
How do parlay bets work?
So, first things first. How do parlay bets work? They are multiple wagers into one single bet. So, they combine many bets in one bet slip. These bets, called legs, may concern different events or may also be from the same game and in order for the bet slip to qualify as a winner, all legs must be successful.
The thing with parlay bets is that they can turn out to be extremely profitable for bettors, particularly because if a parlay bet is a winner, then it can bring unthinkable amounts of money back. Consider a parlay bet as a tied wager of many wagers, whose odds are multiplied to give the final payout of the bet if the bet gets to win. You don’t have to be a genius to see that there can be enormous profits for the punter, if all legs of the parlay are successful.
Same game parlay bets
Now as far as the same game parlay bets are concerned, the potential profits are skyrocketing, especially as bettors are able to build a bet slip by choosing a number of wagers including moneyline bets, over/under, prop bets and any other bet that concerns a single game or a single event. The possibilities for covering a game are simply too many and the odds are piling up. Consider for example, a Swiss bettor building a bet slip with many wagers specifically on the national squad’s footballers being first and second scorers in the World Cup games.
And while same game parlays are now becoming more of a mainstream for bettors, they were once considered to be a niche market by most sportsbooks. This was due to the fact that there was no appropriate infrastructure to support the same game accumulators. with all the correlations between the bets concerning a single event. It was one hell of a thing to adjust prices so as to manage successfully parlay bets and ensure correlations are not a problem.
But technology has changed this, enabling bookmakers to build in their profit margin and ensure that there are no correlations in a bet slip and so they won’t experience losses. Thus, now the fact is that parlay bets are also very profitable for the sportsbooks as well, because they have really good margins to work with.
Parlay bets are very lucrative because of the pay-out odds, but they are also very appealing to bettors because they are like a storyboard. They enable punters to tell an entire story about a game, which is not confined to who will win the game. It is like building a bet by adding wagers that in the end develop a storyline of how a match will play. In fact it is just as brilliant as that! Bettors love parlays not only for the possible pay-outs, but for the entailed creativity. Adding parlay legs adds more to the story and betting becomes much more enjoyable and exciting for both recreational and professional punters.
SGPs: what’s in it for everyone?
The profit margins of SGPs for the bookmakers are very high. It is now estimated that bookies in the US generate nearly 30% of such bets. So, it would be naive to think that sportsbooks promote so heavily the accumulator bets just because the fans like these bets. We need, therefore, to acknowledge that same game parlays come in handy to the house.
On the other hand, the pay-out odds are enormous for the bettors if the same game parlay is a winning bet. It is a way to make big money by spending a little money, but the chances are not as favorable as one might think.
The truth is that parlay bets will definitely favor the house, but they can be extremely profitable for the bettors if they make the right choices. If bettors have an edge, then they should by all means go for an accumulator bet, because if it wins it will bring lots and lots of money! But parlay betting just for the sake of parlay betting is not advisable.