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Unbeatable Monday Night Football Parlay Picks For Big Wins

bugsbookbinge December 25, 2024

What is a Monday Night Football Parlay?

A Monday Night Football parlay is a type of bet that combines multiple wagers on a single ticket. Parlays are popular because they offer the potential for a large payout with a relatively small investment. However, they are also more difficult to win than straight bets, as all of the wagers on the parlay must be correct in order for the bet to pay out.

To create a Monday Night Football parlay, bettors simply need to select two or more wagers from the available options. The most common types of wagers included in parlays are point spreads, moneylines, and totals. Once the wagers have been selected, the bettor must decide how much they want to wager on the parlay. The potential payout for the parlay will be determined by the odds of each individual wager and the number of wagers included in the parlay.

Monday Night Football parlays can be a great way to add excitement to the game. They can also be a profitable way to bet on football, but only if they are done carefully. Bettors should always do their research before placing a parlay bet and only bet what they can afford to lose.

Monday Night Football Parlay

High Risk, High Reward: Parlays offer the potential for a large payout, but they are also more difficult to win than straight bets.
Multiple Wagers: Parlays combine multiple wagers on a single ticket.
Point Spreads, Moneylines, Totals: The most common types of wagers included in parlays are point spreads, moneylines, and totals.
Teaser Parlays: Teaser parlays allow bettors to adjust the point spread or total in their favor, but this reduces the potential payout.
Round Robin Parlays: Round robin parlays allow bettors to create multiple smaller parlays from a larger group of wagers.
Bankroll Management: Bettors should always manage their bankroll carefully when placing parlay bets.

1. High Risk, High Reward

Monday Night Football parlays are a type of bet that combines multiple wagers on a single ticket. Parlays are popular because they offer the potential for a large payout with a relatively small investment. However, they are also more difficult to win than straight bets, as all of the wagers on the parlay must be correct in order for the bet to pay out.

High Payout Potential: Parlays offer the potential for a large payout, as the winnings from each individual wager are multiplied together to determine the total payout.
Increased Difficulty: Parlays are more difficult to win than straight bets because all of the wagers on the parlay must be correct. This means that even if one wager on the parlay loses, the entire bet will lose.
Bankroll Management: Bettors should always manage their bankroll carefully when placing parlay bets. Parlays should only be considered with a small portion of a bettor's bankroll, as there is a high risk of losing the entire bet.

Overall, Monday Night Football parlays offer the potential for a large payout, but they are also more difficult to win than straight bets. Bettors should always do their research before placing a parlay bet and only bet what they can afford to lose.

2. Multiple Wagers

Parlays are a popular type of bet for Monday Night Football because they offer the potential for a large payout with a relatively small investment. However, parlays are also more difficult to win than straight bets, as all of the wagers on the parlay must be correct in order for the bet to pay out.

The key to winning a parlay is to select wagers that are correlated. For example, if a bettor believes that the New England Patriots are going to win their game and the total points scored in the game will be over 50, they could create a parlay that includes both of those wagers. If both wagers are correct, the bettor will win the parlay.

However, if either of the wagers on the parlay loses, the entire parlay will lose. This is why it is important to carefully consider the wagers that are included in a parlay.

3. Point Spreads, Moneylines, Totals

In the context of Monday Night Football parlays, point spreads, moneylines, and totals are the three most common types of wagers.

Point Spreads: A point spread is a number that is added to or subtracted from the score of one team in order to create a more even matchup. For example, if the New England Patriots are favored by 7 points against the New York Jets, the point spread would be -7 for the Patriots and +7 for the Jets. This means that the Patriots would need to win by more than 7 points in order for a bet on the Patriots to win, while the Jets would need to lose by less than 7 points or win the game outright in order for a bet on the Jets to win.
Moneylines: A moneyline is a bet on which team will win the game outright. The odds for moneylines are expressed in American odds, which means that a positive number indicates the underdog and a negative number indicates the favorite. For example, if the Patriots are favored to win by 7 points, the moneyline odds for the Patriots might be -110, while the moneyline odds for the Jets might be +110. This means that a bettor would need to wager $110 on the Patriots to win $100, while a bettor would win $100 for every $110 wagered on the Jets.
Totals: A total is a bet on the total number of points that will be scored in the game. The odds for totals are expressed in over/under format, with the over being the total number of points that the oddsmakers believe will be scored in the game and the under being the total number of points that the oddsmakers believe will not be scored in the game. For example, if the over/under for the Patriots-Jets game is 45 points, a bettor could bet on the over if they believe that more than 45 points will be scored in the game or on the under if they believe that less than 45 points will be scored in the game.

Understanding point spreads, moneylines, and totals is essential for betting on Monday Night Football parlays. By understanding these different types of wagers, bettors can make more informed decisions about which wagers to include in their parlays.

4. Teaser Parlays

Teaser parlays are a type of parlay bet that allows bettors to adjust the point spread or total in their favor. This can be beneficial in situations where the bettor believes that the point spread or total is too high or too low. However, it is important to note that teaser parlays also reduce the potential payout. This is because the odds for each individual wager in a teaser parlay are lower than the odds for the same wager in a straight bet.

For example, let's say that the point spread for the Monday Night Football game between the New England Patriots and the New York Jets is -7. A bettor who believes that the Patriots will win the game by more than 7 points could place a straight bet on the Patriots at -110 odds. However, the bettor could also choose to place a teaser parlay on the Patriots at -3.5 odds. This would mean that the Patriots would only need to win the game by more than 3.5 points in order for the bettor to win the parlay. However, the odds for the teaser parlay would be lower than the odds for the straight bet, such as -120 or -130.

Teaser parlays can be a useful tool for bettors who want to adjust the point spread or total in their favor. However, it is important to remember that teaser parlays also reduce the potential payout. Bettors should carefully consider the odds for each individual wager in a teaser parlay before placing the bet.

5. Round Robin Parlays

Round robin parlays are a type of parlay bet that allows bettors to create multiple smaller parlays from a larger group of wagers. This can be beneficial in situations where the bettor wants to bet on multiple different outcomes, but does not want to risk losing their entire stake on a single parlay. Round robin parlays are also useful for reducing the risk of losing a large amount of money on a single bet.

To create a round robin parlay, bettors simply need to select a group of wagers and then choose how many teams they want to parlay together. For example, a bettor could select five teams to parlay and then choose to create three-team parlays, four-team parlays, and five-team parlays. This would result in a total of ten different parlays.

The odds for each individual parlay in a round robin parlay are lower than the odds for the same parlay if it were placed as a straight bet. However, the potential payout for a round robin parlay is also lower than the potential payout for a straight bet. This is because the bettor is essentially placing multiple smaller bets instead of one large bet.

Round robin parlays can be a useful tool for bettors who want to reduce their risk of losing a large amount of money on a single bet. They can also be used to bet on multiple different outcomes in the same game.

6. Bankroll Management

Bankroll management is an essential part of sports betting, and it is especially important when placing parlay bets. Parlays are a type of bet that combines multiple wagers into a single bet. This can lead to a large payout if all of the wagers are successful, but it also increases the risk of losing the entire bet. As a result, it is important for bettors to carefully manage their bankroll when placing parlay bets.

One of the most important aspects of bankroll management is to only bet what you can afford to lose. This means that you should never bet more money than you are willing to lose. It is also important to set a budget for your betting and to stick to it. This will help you to avoid chasing losses and betting more money than you can afford.

Another important aspect of bankroll management is to understand the odds of the bets you are placing. Parlays have lower odds than straight bets, so it is important to be aware of this when placing your bets. You should also consider the number of wagers that you are including in your parlay. The more wagers you include, the lower the odds will be and the more difficult it will be to win the bet.

By following these tips, you can help to improve your chances of winning parlay bets and protect your bankroll.

Real-life example:

Let's say that you have a bankroll of $100 and you want to bet on a Monday Night Football parlay. You decide to include three wagers in your parlay: the Patriots to win, the over on the total points scored, and the under on the total turnovers. The odds for each of these wagers are -110.

To calculate the total odds for your parlay, you multiply the odds for each individual wager together. In this case, the total odds for your parlay would be -110 x -110 x -110 = -1331. This means that you would need to wager $133.10 to win $100 on your parlay.

If you only have a bankroll of $100, then you should not bet on this parlay. This is because you would be risking more money than you can afford to lose. Instead, you should reduce the number of wagers in your parlay or bet a smaller amount of money.

Conclusion:

Bankroll management is an essential part of sports betting, and it is especially important when placing parlay bets. By following the tips above, you can help to improve your chances of winning parlay bets and protect your bankroll.

FAQs on Monday Night Football Parlays

Monday Night Football Parlays are a popular way to bet on football, but they can also be confusing. Here are answers to some of the most frequently asked questions about Monday Night Football Parlays:

Question 1: What is a Monday Night Football parlay?

A Monday Night Football parlay is a type of bet that combines multiple wagers on a single ticket. Parlays can be placed on any number of games, but they are most commonly placed on Monday Night Football games.

Question 2: How do I place a Monday Night Football parlay?

To place a Monday Night Football parlay, simply select the games you want to bet on and the type of bet you want to make (point spread, moneyline, or total). You can then add your selections to your bet slip and enter the amount of money you want to wager.

Question 3: What are the odds of winning a Monday Night Football parlay?

The odds of winning a Monday Night Football parlay depend on the number of games included in the parlay and the odds of each individual bet. The more games you add to your parlay, the lower the odds of winning will be.

Question 4: What is the maximum number of games that I can include in a Monday Night Football parlay?

The maximum number of games that you can include in a Monday Night Football parlay varies depending on the sportsbook. However, most sportsbooks allow you to include up to 12 games in a single parlay.

Question 5: What is the best way to win a Monday Night Football parlay?

There is no surefire way to win a Monday Night Football parlay, but there are a few things you can do to improve your chances. First, only bet on games that you are confident in. Second, try to keep your parlays small. The more games you add to your parlay, the lower the odds of winning will be. Third, manage your bankroll carefully. Never bet more money than you can afford to lose.

Summary

Monday Night Football Parlays can be a fun and exciting way to bet on football. However, it is important to understand the risks involved before placing a parlay bet. By following the tips above, you can improve your chances of winning a Monday Night Football parlay.

Transition to the next article section

Now that you know the basics of Monday Night Football Parlays, you can start placing your own bets. Just remember to bet responsibly and have fun!

Conclusion

Monday Night Football Parlays can be a fun and exciting way to bet on football. They offer the potential for a large payout with a relatively small investment. However, it is important to understand the risks involved before placing a parlay bet.

By following the tips in this article, you can improve your chances of winning a Monday Night Football parlay. Remember to bet responsibly and have fun!