Bovada is one of the best online sportsbooks and casinos in the US. It offers a variety of betting options, games, bonuses, and promotions to its customers. One of the most popular and exciting ways to bet on Bovada is to place a parlay. A parlay is a combination of two or more bets that are linked together. To win a parlay, you need to win all the individual bets that are included in it. If even one of them loses, the whole parlay loses. However, the advantage of a parlay is that it offers higher payouts than placing separate bets. The more bets you add to your parlay, the higher the potential payout.
But how do you place a parlay on Bovada? In this post, I will explain the steps and tips to place a successful parlay bet on Bovada.
Step 1: Log in to your Bovada account or sign up if you are a new customer.
Step 2: Click on Sports to open the Bovada Sportsbook.
Step 3: Select the sport and the event that you want to bet on from the left navigation panel. You can choose from various sports such as football, basketball, baseball, soccer, tennis, and more. You can also choose from different types of bets such as game lines, live betting, props, and futures.
Step 4: Select the bets that you want to include in your parlay by clicking on the appropriate boxes. You can add up to 12 bets to your parlay. You can also mix different types of bets and different sports in your parlay, as long as they are not related or dependent on each other. For example, you can bet on the point spread of an NFL game, the moneyline of an NBA game, and the total of an MLB game in the same parlay. However, you cannot bet on the point spread and the moneyline of the same NFL game in the same parlay.
Step 5: Your selections will show in the Bet Slip on the right side of the page. Select ‘Parlay’. Then, add any “point buys” you might require (when available).
Step 6: Enter a risk amount in the box provided. Once you enter a risk amount, your total win amount is automatically calculated for you based on the odds of each bet in your parlay.
Step 7: If you want to remove a bet entirely from the Bet Slip before proceeding, click the ‘X’ icon beside the selection.
Step 8: Click ‘Review Bets’.
Step 9: Confirm the details of your parlay. If you want to proceed, click ‘Place Bets’. If not, click ‘Edit’ to change the wager details.
Step 10: Once your parlay bet is placed, you will reach a confirmation window showing you your final bet details, including your wager reference number.
Step 11: Click ‘Continue Betting’ to return to the lines page or check out other betting options on Bovada.
Tips for Placing a Parlay on Bovada
Placing a parlay on Bovada is easy and fun, but it also requires some strategy and skill. Here are some tips to help you place a successful parlay bet on Bovada:
- Do your research. Before placing any bet, you should do some research and analysis on the teams, players, statistics, trends, injuries, weather conditions, and other factors that may affect the outcome of the games. You can use various sources of information such as news articles, expert opinions, podcasts, blogs, forums, and social media.
- Compare odds. Different sportsbooks may offer different odds for the same events and bets. You should compare odds across different sportsbooks and choose the ones that offer the best value for your money. You can use various tools and websites that compare odds from different sportsbooks and show you where to find the best deals.
- Manage your bankroll. A bankroll is the amount of money that you have allocated for betting purposes. You should manage your bankroll wisely and avoid betting more than you can afford to lose. A general rule of thumb is to bet no more than 2% of your bankroll per bet or per parlay. You should also set aside some money for emergencies and unexpected losses.
- Be selective. Parlays are tempting because they offer high payouts for low risk amounts. However, they are also very risky because they depend on multiple outcomes that are hard to predict accurately. Therefore, you should be selective and careful when choosing which bets to include in your parlay. You should avoid adding too many bets or too many long shots to your parlay. You should also avoid betting on games that you are not familiar with or confident about.
- Have fun. Betting is supposed to be an enjoyable and entertaining activity that adds some excitement and thrill to watching sports. You should have fun and enjoy the process of placing a parlay bet on Bovada. However, you should also be responsible and sensible and not let betting affect your mood, health, or relationships.
Conclusion
Parlays are one of the most popular and exciting ways to bet on Bovada. They offer high payouts for low risk amounts, but they also require skill and strategy to win. By following the steps and tips outlined in this post, you can place a successful parlay bet on Bovada and have fun while doing it.