When it comes to being able to offer a variety of betting methods, few betting vehicles are more versatile than a betting website. In order to stay competitive you must make sure that you offer all of the most popular betting methods to help bring in new business. Money line betting and point spreads are the two most popular methods for placing bets, but there are ways to combine those bets that can make you a lot of money and bring in more clients.
In spite of the often negative reputation that Parlays have, (sucker bets) They are by far one of the most popular betting methods that will make your customers happy and generate you more revenue than you would have ever expected. Per Head Network has all of the tools you need to offer a wide range of parlay options to your clients. You can offer straight parlays, progressive parlays, and even round robin parlays. All of these parlays have different ways for your clients to place bets and try to make money, but they can also put a lot of money in your pocket as well.
In order to profit from a parlay, you first have to understand the very basics behind how it works. In every kind of parlay, your customers can either combine different games into a single bet, or they are presented with a list of bets that make up a single bet that they can wager on. The more games that are included in the parlay, the more money your customers can win. For example, a 5-game parlay may have 250 to 1 odds which means that the bettor would make $250 for every $1 bet. That is what makes these sports betting options so attractive to clients.
Winning on parlays is a much different proposition. In order to win on a parlay, the bettor has to be correct on each and every game in the list. As you can imagine, this is not easy to do and does not happen very often. The lure of placing one bet and making a small fortune is what keeps your bettors coming back time and again to place parlay bets. But the reality of the odds that are stacked against the bettor is what makes you money.
The one thing to be careful about is the fact that, on occasion, a player will actually win a parlay. If you have a customer hit that 5-game parlay and he placed a sizeable bet, then you could be out a lot of money. Do not panic. Just remember that you will have plenty of chances to make that money back as your other customers continue to bet and lose on parlays. If you do lose big on a parlay, then take the time to plan out how much money you need to make to replenish your bank account and then work with the experts at PHN to win your money back over time. Try our superior Pay Per Head Sportsbook? Sign Up Today and Get 2 Weeks Free.
