With March Madness betting lines beginning to be re-introduced by sportsbooks, the wagering method of parlays is also being highlighted. The NFL concluded its season yesterday, when the New York Giants took on and defeated the New England Patriots. As the NFL scores season ended so too did parlays for another year in a row. Today, we’ll look at both what a parlay is and why it is important.

Parlays are an attractive bet to make, because they do not require you to risk that much, but offer large payouts. Whether you are new or more experienced to sports betting on the NFL, chances are you will make a parlay as one of your first wagers. After all, no matter how frequently you wager, you want to make a nice amount of cash. For this reason, the risk, that one team losing your wager loses the bet, makes the amount you wager that much more important.

For instance, a three-team $50 parlay, can net you $150 if all three teams win. This is a good investment for you, as you only have to wager $50 once to win three times as much, instead of placing three individual bets of $50 and totaling $150. In the last few years, NFL parlay betting has seemingly taken on a life of its own, as more bettors are becoming conscious with their money. The perk too, is that parlay’s have huge payouts, so for placing a single wager on 10 teams to win their games, that is one impressive Sunday, if the bet pays out. Conversely, if you lose the 10-team parlay, you are only losing $50 on the single wager, rather then $500 on 10 individual games. As well, you can make three parlay bets and be done for the day, as opposed to betting on each game.