Single bets won’t take you anywhere: Usually, single bets are placed when the odds are evens. According to the theory of probability, any repeated trial of an event of two possible outcomes will end up, in the long run (infinite trials), to be even. That is, if you play 100 times, in all likelihood, you will win 50 times and lose 50 times. The end result is that you’ll end up only paying the house edge, which is evidently a loss of money for you. If you are a single event bettor, then it is high time to try parlays. The only event where single bets are recommended is when you are betting strongly against the odds, such as Senegal to beat France in WC soccer, which paid 10 to 1. Also, if you believe that a bet is a sure thing, then you may wager big on it.
Combine single bets with parlays: Even if you are betting against the odds on an event, it is advisable to try a small parlay. The payout of a parlay involving against-the-odds bets are enormous.
Here is a bet on the 2004 women’s US Open semi finals that serves as a very good example of combining a 2-play parlay with single bets. Two dollars are wagered on each single bet and $6 on the parlay. Even if one of the selections were incorrect, the bettor would still get more than the his wager.
Sell (or buy) points: Many times, when a bet involves point spreads (American football, baseball, and basketball), the final results of a game are way off the initial point spreads. The total points of a game are even more so. Therefore, if you have a feeling that a team will beat another team by more than the set spreads, then sell points in order to maximize your winnings. Examples of this strategy have already been seen in other sections of this site (seeBuying / Selling Points), however, we also have the next bet slip which clearly shows how point selling has significantly elevated the individual odds of the selections. Without selling points, the payout of this bet slip would have been $20 x 1.90 x 1.90 x 1.90 = $137.18, instead of $20 x 2.60 x 2.61 x 2.65 = $359.66 (a 262% increase).
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