In my case, I picked my three teams and came up with my true odds for each team: the Dolphins were 59%, the Seahawks 55%, and the Lions 63%, so you would think my overall chances of winning the parlay would be fantastic! You will lose these bets every time.īecause people think they can easily pick three or four winners and cash in, but they don’t understand how math works. Again, this does not apply to you, personally. Instead of placing your $100 bet on a single team for a modest payout, you place that $100 on multiple teams, and if all of those teams win, you can make six, seven, even ten times as much as your original bet. Is it true that with a parlay, you can make insane amounts of money on very small bets?Ībsolutely you can! Just not you, specifically. For those who don’t know what a parlay is, here’s a brief and informative FAQ: Not only did I place those three underdog bets last week, I also (drum roll) bet a parlay. You will still make money when you “break even” on underdog wins and losses (such as a few weeks ago when I went 2-2), but it’s obviously less money, because your wins are barely covering your losses. If you can do that on a regular basis, you’re going to make a lot of money. Winning two out of three underdog bets like I did this week is awesome. Now, about that whole “I decided to get fancy” thing … (Should I give myself a “bye week?” Perhaps, by which I mean, “No!”) This strategy of taking “coin flip” bets and investing on the underdog money line continues to be profitable, even if it is turning into a bit of a grind. The Seahawks and Packers both won, and there was loud and necessary rejoicing. I took the Bills +140, the Seahawks at +108, and the Packers +115.

(The previous sentence has been brought to you by NFL bettors since the last decade.) I would have been even further ahead, but I decided to get fancy for the sake of this column. Written By was another week living on the razor’s edge in the land of NFL betting, but I’m happy to report that I survived another gauntlet and came out on top, thanks to Aaron Rodgers and the Packers.

Parlay winner