Are you looking to take your NBA betting to the next level? Parlay betting could be the answer, but it requires skill and strategy to be successful. In this blog post, we’ll share two sharp picks and expert tips to help you master the art of parlay betting in the NBA. Whether you’re new to parlay betting or an experienced bettor looking to improve your strategy, this post is for you. Let’s dive in!
NBA Parlays: Two SHARP Picks Parlay Betting Explained!
In this video, the presenter discusses the concept of parlay betting in the NBA and emphasizes the importance of understanding the math behind it. The presenter counters the common misconception that you can’t make money betting on parlays and explains how profitable bets are the key to success in parlay betting.
The video highlights the use of a verified bet tracker called “Picket Sports” for tracking parlay results. The presenter mentions being up $31,000 in 2023, which showcases that it is indeed possible to make money through parlay betting.
The core principle of making money in parlays is finding profitable bets. If one cannot win on straight bets, the chances of winning on parlays are slim. Parlays require at least two picks to win, so identifying profitable bets is crucial.
The presenter introduces the “OddsJam positive EV tool” as a valuable resource. This tool helps analyze odds discrepancies across different sportsbooks. It provides insights into lines set by different bookmakers and allows users to find profitable parlay picks.
The first recommended pick in the video is for Anthony Davis (AD) to score over 24.5 points. The OddsJam tool reveals that Flip Sportsbook offers better odds for the under, while other sportsbooks favor the over. By comparing odds from various bookmakers, users can identify value and make profitable bets.
The second pick discussed is the Miami Heat to cover a four-point spread against the Boston Celtics. Similar to the previous pick, the OddsJam tool highlights that Flip Sportsbook offers better odds for this bet compared to other sportsbooks.
To determine the win probability for each pick, the presenter explains a simple method. They compare the odds set by bookmakers, such as Pinnacle and BetOnline, to understand the implied probabilities of winning. Pinnacle is recognized as one of the sharpest sportsbooks.
By multiplying the win probabilities of both picks, the presenter calculates the win probability for the parlay. The result is approximately 27.69%. This percentage signifies the likelihood of the parlay winning based on the individual picks.
The presenter shares their bet slip, showing a $250 wager on the parlay with +264 odds. This bet would yield a total payout of around $911.15 if successful.
The video emphasizes the importance of finding value and exploiting odds discrepancies in the market. It mentions that profitability is the key in sports betting, just as it is in investing or day trading.
In conclusion, this video provides insights into NBA parlay betting and highlights two sharp picks using the OddsJam tools. It dispels the myth that parlays cannot be profitable and demonstrates how understanding the math and finding value in odds can lead
FAQs
- What is parlay betting in NBA?
Parlay betting in NBA is a type of sports betting that combines multiple individual bets into one. - How does parlay betting work in NBA?
When you combine two or more bets into a single wager, your payout increases significantly if you win all the individual bets. However, you need to win all the individual bets to win the parlay bet. - What are the benefits of parlay betting in NBA?
Parlay betting in NBA can offer a much larger payout than betting on the individual bets separately. - How can I increase my chances of winning in parlay betting in NBA?
You can increase your chances of winning in parlay betting in NBA by using sharp picks, finding the best value bets, and using tools like OddsJam’s Positive EV tool. - Where can I find support for parlay betting in NBA?
You can find support for parlay betting in NBA from OddsJam’s community Discord and email support.
