NBA Parlay Bets
Whenever you hear about someone winning six figures or more betting on basketball, chances are they were making NBA parlay bets. These “combination” bets offer the biggest prizes on the NBA odds board at Bodog Sportsbook. The more parlay picks you include in your combo, the more money you can win. All you have to do is nail every pick in your parlay, and your winnings for each pick will be multiplied together, instead of just added together like when you place a series of “single” bets.
Want to grab a piece of that cash? Here are some tips and tricks to help you get the most from your NBA parlays at Bodog.
How to Win Parlay Bets on NBA
The most important thing to remember when placing parlay bets is that it’s all about risk versus reward. The more NBA picks you include in your combo, the bigger your potential reward will be – but if you get even one pick wrong, the entire parlay loses. That’s the risk part of the equation.
Before you place that parlay bet at Bodog, decide how much risk you’re willing to take on. Sports betting should always be done for entertainment first and foremost; taking a shot at a giant 16-team parlay (each “team” being one NBA pick) can be a lot of fun, almost like playing the lottery, but if you enjoy winning more than chasing down a dream, keep your parlay small, with two, three, or maybe four teams in your combo. This will improve your chances of actually cashing in your parlay.
You can also lower your risk by putting strong moneyline favourites in your NBA parlays. These teams are more likely to cash in, so the chances of winning your entire parlay will go up, although the prize at the end will be smaller.
Once you’ve got your overall parlay strategy figured out, check the NBA odds board at Bodog to see which teams are available, who the favourites and underdogs are, and how much money you can win with your potential combos. These amounts will be calculated automatically for you when you key in different teams on your bet slip; use this tool to work out your risk/reward potential before placing your parlay bets.
For example, let’s consider the following hypothetical two-team parlay, featuring the two biggest favourites on the board:
- Minnesota Timberwolves –1600
- Los Angeles Lakers –900
Select those teams for your bet slip, and you’ll find this parlay will pay out at –554, meaning you’ll win $18.06 for every $100 you bet. It isn’t life-changing money, but at the same time, your chances of winning are much higher with this parlay than any other combo you could make. Risk versus reward.
How to Place Bets on NBA Picks and Parlays
Now that you’ve got your parlay picks figured out, actually placing your bet at Bodog Sportsbook is simple – just submit your bet slip, and we’ll process your bet. Once the games are done, if all of your picks come true, your winnings will appear in your Bodog account after your bet clears.
Here’s a step-by-step breakdown of how to place an NBA parlay at Bodog:
- Log in to Bodog and select the Sports menu at the top of our home page
- Open the Basketball menu to see all of the games you can bet on
- Select the specific betting lines you want in your combo (like Timberwolves –1600 and Lakers –900)
- Select the Multiples tab on your bet slip, which you’ll find at the lower-right corner of our odds page, and enter the amount of money you want to wager in the Risk field
- Review your Bet Slip and make any changes you’d like before submitting your parlay
- Select the “Place Bets” button
That’s all there is to it. If you need more details, or you’d like to watch a video tutorial, our FAQ and Help guides at Bodog will show you the ropes.