It is so in the world of betting on college football; some bettors are attracted to the safest bets out there. Others are drawn to the bet that is a longer shot but could bring a bigger win. Those in the second group are into Parlays. Big Time.
A Parlay is what now?
Most kinds of bets require the bettor to make a bet, of whatever style, on one college football game. The Parlay turns its back on the single-game bet and ups the risk, requiring the bettor to bet on at least 2 games – and maybe up to 12 or, in recent times, as many as 15.
And...you have to be right 100% of the time. Say, you have picked it as it went down 99% of the time. That would be amazing – and you’d receive no reward. It can be a harsh bet - the Parlay. A harsh bet with the allure of an ever so sweet payoff.
Why consider the Parlay?
At first glance the parlay might seem like a bet for the foolish that walk among us. Yet it is a popular bet. Why? Well, you can think of the parlay like a lottery, only with better odds. Risking a small amount of money on a Parlay bet gives you a chance at a huge win. Huge like the Brontosaurus was huge. Or the Great White Shark is.
An example is the best way to illustrate the power of the Parlay. Say a bettor places a Parlay bet of $2 on 6 teams. The stars are aligned and the bettor gets it right, all 6 times. The regular odds for such a bet would be 40/1 – meaning a payout of $80. So, for putting down $2, $80 is won. We have no doubt that you are beginning to see why the Parlay calls the names of so many college football bettors.
The Parlay is on the move
A successful kind of bet – a bet that has a fan base – is eventually tweaked by bookmakers, giving that fan base a new way to enjoy their go-to bet. Enter the progressive parlay. What is the difference between a regular Parlay and a Progressive Parlay? The Progressive Parlay allows you to lose and win – if you are correct, say, 4 out of 6 times, you still win some coin, though at lower odds.
The Progressive Parlay takes the sting out of being right 5/6 times and being rewarded with a perfectly round 0.
The Parlay has its fans. Its risk-taking, lover-of-long-shots-that-could-pay-off-huge fans. One cool thing about the Parlay is that the thrill of the hunt can continue longer than in a traditional bet when it is all over when the game is over. Enjoy.
Bring on the risk and the associated rewards. Human beings take risks. They do so for good reason – taking a risk can bring real rewards.