Wager Mage
Photo by Meruyert Gonullu Pexels Logo Photo: Meruyert Gonullu

Are parlays hard to hit?

You'll see stories of 12-team parlays with more than 300-to-1 odds hitting, turning a small bet into a small fortune, but they're hard. The payoff is enticing though. That's why people play the lottery. Casual bettors will always lean into parlays.

Is it better to bet fixed or tote?
Is it better to bet fixed or tote?

Our Verdict on Fixed Odds or Tote Odds We suggest betting on the fixed odds market if you're looking for early value. Markets for Saturday races...

Read More »
What are 7 5 odds?
What are 7 5 odds?

What does 7 to 5 odds mean? 7-5 Betting Odds means that out of 12 potential outcomes, the 7/5 odds are that there will be 7 of one kind of outcome...

Read More »

New Jersey's sports betting figures offer a reminder of how hard parlay bets are to win New Jersey, which has taken over as the top state for sports betting, has a profit of $608 million on completed sports bets made this year, through October.

More than half of that profit came from parlays.

The New Jersey Division of Gaming Enforcement put out its October figures on Wednesday, and other than the sheer volume of sports betting in the state, the most startling number might have been how much of the house's profit has come from parlays. Through October, it was $335.2 million. That means parlays account for about 55.1 percent of the state's overall profit on sports betting. Think about that before you play that five-teamer hoping for a big score.

Parlays account for biggest profit

If you bet parlays, you know how hard it is to hit them. You'll hit one and keep chasing that win you told all your friends about. That's the allure. That's also why they're so profitable for sportsbooks. Here's the breakdown on New Jersey's year-to-date profits via the state's figures though October:

Parlay $335,232,531

Other $105,343,521

Basketball $75,282,173

Baseball $53,555,836

Football $38,600,964

The house always wins. It just wins at a faster rate with parlays. Here's New Jersey's win percentage on each category of bets through October, based on the total handle the sportsbooks take in for each:

Parlay 17.1%

Other 5.3%

Baseball 4.2%

Basketball 3.9%

Football 3.2%

Parlays account for a lot of sports betting

New Jersey does a ton of business on sports betting. The handle for sports betting this year on completed events is almost $8.4 billion. The profit from casinos, racetracks, and their partners in sports betting was $84.2 million in October, according to the New Jersey Division of Gaming Enforcement. Parlays are the biggest part of that. A parlay is a combination of games with odds increasing with each game. A three-team parlay usually pays 6-to-1 if you win, but a bettor needs to win all three games. Going 2-1 on those three games is just a loss for a bettor. You'll see stories of 12-team parlays with more than 300-to-1 odds hitting, turning a small bet into a small fortune, but they're hard. The payoff is enticing though. That's why people play the lottery. Casual bettors will always lean into parlays. Just remember that the sportsbooks are more than happy to take those parlay bets.

Can you trick FanDuel location?
Can you trick FanDuel location?

Yes, you can play FanDuel outside the US if you have a VPN at your disposal. It allows you to change your location and get a US IP address no...

Read More »
What card always wins in poker?
What card always wins in poker?

Royal Flush: The best possible poker hand is a straight flush to the ace, better known as a royal flush: 10-J-Q-K-A, all in the same suit. (The...

Read More »

Are Rams the underdogs?

The Los Angeles Rams had rarely been underdogs in the last five seasons with Sean McVay as their head coach, but they're getting used to their opponents being favored this year. For the fourth straight week, the Rams are viewed as the underdogs by sportsbooks.

The Los Angeles Rams had rarely been underdogs in the last five seasons with Sean McVay as their head coach, but they’re getting used to their opponents being favored this year. For the fourth straight week, the Rams are viewed as the underdogs by sportsbooks. According to Tipico Sportsbook, the Las Vegas Raiders are 5.5-point favorites over the Rams this week. That game is scheduled for Thursday night, so it’s a quick turnaround for both teams. The over/under is set at 43.5, while the Rams are +200 on the money line ($100 bet wins $200). The last two weeks, the Rams were 16-ponit underdogs to the Chiefs and were getting 6.5 points from the Seahawks on Sunday. They lost by 16 to the Chiefs and only lost narrowly to the Seahawks, 27-23, so they’re 1-0-1 against the spread in their last two games. That hasn’t helped them climb out of the basement as the worst team against the spread all year, though. They’re just 3-7-2 ATS in their 12 games, struggling to even keep games close when they aren’t favored. Currently on a six-game losing streak, the Rams have sunk to 3-9 on the year, while the Raiders are riding a three-game winning streak into this one, remaining in the hunt in the AFC. Thursday’s game will have little meaning for the Rams’ playoff hopes, but it’s a huge matchup for the Raiders.

How can I get clearest scan?
How can I get clearest scan?

Set the scan at a high enough resolution to be read by Pairaphrase (again, aim for 300+ DPI). This is in your scanner's settings. Aim for a 300-600...

Read More »
What mental illnesses can gambling cause?
What mental illnesses can gambling cause?

In a study of pathological gamblers, Petry et al found rates of mood disorder to be 49.6%, anxiety disorder 41.3%, personality disorder 60.8%,...

Read More »
What do odds of 2.0 mean?
What do odds of 2.0 mean?

What is even odds in decimal? The equivalent of even odds (1/1) in decimal is 2.00. This simply means you are betting one unit to win one unit (1 +...

Read More »
How fast does bookmaker payout?
How fast does bookmaker payout?

The bookmaker will process your withdrawal and it can take any time up to 48 hours, with most emailing a confirmation to the customer once...

Read More »