Guide to NHL Parlay Bets
Betting on any one NHL game is an exciting proposition, but many sports bettors prefer to combine multiple games into a single bet. These combinations are called parlay bets. What makes a parlay so great is that the thrill of a single bet is carried over several games, which only amps up the excitement. Even better is the fact that you’ll be earning bigger profits on your bet if it wins. These two significant pros are enough to convince NHL fans to take on the more significant risks of parlay betting.
There are exciting NHL parlay offers to be found at every legal sportsbook app in the US. But before you can begin to enjoy these offers, you must be familiar with the concept of NHL parlay betting. Our in-house betting experts have created this comprehensive guide to help you with that. Find out all there is to know about parlay betting, including smart betting strategies and the best places to make NHL parlay bets.
What is a Parlay Bet?
Any sports wager that is a combination of different single bets is a parlay bet. When you place a parlay bet, you’re simply placing a wager on several games/sporting events. These individual events are referred to as ‘legs.’ The most prominent attraction with parlay betting is that players get more bang for their buck than with a single betting. However, on the flip side, the risks are more pronounced than with single betting, as any losing leg will ruin the entire parlay.
Parlay bets may vary according to the individual bets that make them, but they’re all fundamentally similar. They’re harder to hit and riskier than regular bets, and their payout values increase with an increasing number of legs. Parlay betting is a pretty popular option amongst NHL bettors at legal US sportsbooks due to their high-reward nature.
Creating your parlay bets at a legal US sports betting app is simple. Just visit the sportsbook in question, and navigate through the betting markets on offer. Select the games you would like to bet on (must be at least two to make a parlay), and proceed to review your bet slip. When your bet slip loads, choose the ‘parlay’ option, input your desired stake amount, then confirm your bet.
NHL Parlay Betting
Let’s assume you’re a fan of the NHL and you’re looking to take part in some of the upcoming action. You pick out three games that catch your interest:
● Anaheim Ducks -135 vs. Pittsburgh Penguins +115
● Vancouver Canucks -110 vs. Vegas Golden Knights +120
● Tampa Bay Lightning -130 vs. Minnesota Wild +100
The favorites in these three games are the Ducks, the Canucks, and the Lightning. Say you wanted to bet on all three favorites, but you opted for individual bets and staked $100 on each game.
If each favorite won their matchup, you would receive a payout as follows:
1. $174.07 for the first game.
2. $190.9 for the second game.
3.
$176.9 for the third game.
That gives a total of $541.87 (your $300 stake plus a profit of $242.87).
However, if you opted for a three-leg parlay on the favorites, and each of the legs wins, a stake of $100 will earn you a payout of $587.24 (your $100 stake plus a massive $487.24 profit). Essentially, with a three-leg parlay bet, you would win a larger amount for just a third of the stakes of three individual wagers. If you were to add one more game to the parlay, and it came through, your payout would be of even greater value. But remember, if even one leg fails to win, you will not get any reward for your parlay.
NHL Parlays on Legal Sportsbooks
After reading our expert guide, you may be keen to put your knowledge to the test. The NHL is the perfect place to start. The games are fast and frequent, so you always have a chance to place a wager. Since 2018 when the US Supreme Court struck PASPA down,many US states have legalized online sports betting. Michigan, Pennsylvania, New Jersey, and more now welcome residents and visitors alike to download a sportsbook and place bets. Make sure you’re in a state with the proper legislation and start betting on the NHL today.
