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US Gambling Sites / Betting Guide / Basketball Parlays Explained: How to Use Basketball Parlays

Basketball Parlays Explained: How to Use Basketball Parlays

Publish Date: 24/01/2024
Fact checked by: Josh Schwartz

Wanting to take the plunge and experiment on Basketball parlay bets but unsure how to make the first move? Or, are you an avid bettor who wants to refresh their minds on best practices when it comes to parlay bets?

Our latest guide on basketball parlays promises to level up your single bet wagering experience.

As you read on, you'll discover the differences between single bets and basketball parlays, allowing you to decide the best approach for you. We explain the risk and rewards associated with basketball parlays and offer top tips to enhance the experience, too.

Who should make use of our best basketball parlay bets guide?

If you are interested in learning more about preparing, building, and placing parlay bets for basketball, then there is no doubt that this guide is for you.

While we understand some new bettors may be a little concerned about the complexities of this advanced betting style, let us assure you that this guide will simplify just about every aspect of basketball parlays. In turn, you’ll soon be well on your way to creating the best basketball parlay bets today and enhancing your overall knowledge of wagering online safely.

Thanks to the great work of our experts, this guide is prepared in such a fashion that makes it educational, enjoyable, and accessible to all. However, for those of a more seasoned background, don’t think for a second that we are skimping out on the facts.

Instead, we’ve simply removed all the unnecessary jargon and, arguably, allowed more room for more top tips and more interesting guidance regarding basketball parlays to feature. So, now we all know that just about any bettor with an interest in basketball can benefit, shall we continue?

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How to bet a basketball parlay

Placing a basketball parlay bet is seamless. This process can be helpful:

  1. Log into your personal betting account or go through a retail sportsbook
  2. Choose the bets you want to combine and put them to your betslip
  3. Decide the amount you want to wager. This is the stage where you can see your potential payout
  4. Review your wager for correctness, then submit the wager.

What are basketball parlays?

Basketball parlay sports betting is an advanced betting tactic that focuses on taking various single bets or outcomes and merging them into one larger single bet. Generally, the greatest appeal of this betting style is that it encourages a greater return; however, due to the nature of basketball parlays, it also increases the risk, too.

Bettors can look to build their basketball parlays from as little as two markets or extend upwards of ten, fifteen, or even twenty. Naturally, the more the markets added to the basketball parlay, the greater odds are made available. These markets can be chosen from the same game, same league, or across a variety of different sports. Below, we highlight the differences between these types of basketball parlays.

Same-game basketball parlays

Unsurprisingly, the same-game parlay focuses on markets from the same fixture. For example, you may look to place a basketball parlay on the match between the Suns and Lakers, focusing on a full-time match-winner, the combined total of baskets scored, and the first person to get a rebound.

Same-competition parlays

Much like we mentioned in our football parlays guide, the same-competition parlay is the most popular basketball parlay, too. When making use of this method, bettors will look to select markets across their preferred leagues and competitions. For example, players may opt to focus their efforts on the NBA only, selecting Magic, 76ers, Warriors, and Celtics all to win.

Cross-sport parlays

The NBA, NCAA, and international scene is forever growing in popularity across the sports betting world and it can often make it difficult to decide which league to wager on. Thankfully, some online operators will allow you to build your parlays across the NBA, NCAA, and international markets, while others will allow you to merge your hockey parlays with your basketball parlays, too!

Top tips to create the best basketball parlay bets

Feel like you are happy with the types of parlays you can look to place? Good! Now, come join us, as we offer up our top five tips on how to improve your experience when building basketball parlays.

Make use of CaptainGambling.com

To give your basketball parlays the best head start imaginable, we recommend heading to the CaptainGambling.com site and taking advantage of our online operator reviews and finding yourself a reputable platform. As you make your way through these authentic reviews, you’ll soon pick up on which perks are going to bolster your experience placing basketball parlays. Personally, we would suggest finding a legit license, solid customer support, a handsome bonus, and a site that offers a user-friendly online and mobile experience.

Decide whether you want to wager on NBA, NCAA, or other

Before diving deeper into the market availability and doing further research, make sure you’ve established which games, leagues and competitions you want to include. As detailed earlier, you can look to create same-game, same-league, or cross-sport basketball parlays. Of course, if you decide you want to build football parlays, there’s no harm in that either!

Make use of our parlay calculator

Once you’ve established your betting strategy, we recommend taking another trip back to the CaptainGambling.com site and making use of our on-site parlay calculator. This incredibly useful tool allows you to see just how favorable your parlay odds are from your chosen sportsbook, in comparison to what is expected based on our parlay calculator tool. Should you find that your chosen sportsbook is offering odds less than satisfactory, it may be worth heading back to top tip number one and searching for a new operator!

Unlock a basketball parlay bonus

Obviously, if your chosen sportsbook ticks every single box but appears to fall short when it comes to basketball parlay odds, you can always head to the bonus section of your chosen platform and hope you can find yourself a little bonus to boost your parlays. Generally, these will have very specific wagering requirements, eligible markets, and qualifying stakes associated with them, so please make sure you read the fine print carefully.

Wager responsibly

Lastly, we suggest wagering responsibly. The beauty of choosing to create basketball parlays is that they offer greater rewards off of smaller stakes. Despite the lure of winning big, we recommend staying within your limit or staking less than you normally would to get used to how parlays work. Most top operators allow you to set deposit limits and wagering limits with ease, meaning you can easily stay on top of your online activity. 

Are basketball parlays the right choice for you?

There is no right or wrong way to wager online; however, there are certainly ways that appeal to different demographics. To have a positive experience creating basketball parlays, you do not need a sensational starting bankroll, meaning that this type of betting tactic is accessible to most. Ideally, an understanding of your chosen fixture(s), league(s), and sport(s), is desired; however, you can always boost your own knowledge at CaptainGambling.com before building your basketball parlays.

The risk associated with basketball parlays is far greater than placing individual bets; but, as discussed, the potential returns can be far greater. If you have the nerve, patience, and research, then we would feel confident that basketball parlays are the right choice for you.

Conclusion - focus on the best basketball parlay bets today

Although there are no guarantees in the world of basketball betting, we believe that well-educated basketball parlays can add considerably to your overall betting experience. The excitement of watching each wager result, certainly adds to the entertainment value - provided you stay within your wagering limits, of course.

In short, basketball parlays offer a great way for players to group their single bets into one larger bet, resulting in a larger potential payout. One slip-up could see your basketball parlays fall to pieces but there are always ways to help give yourself the best head start possible. Our experts suggest taking advantage of the CaptainGambling.com platform and finding yourself a reputable operator, sizable parlay bonus, and making a deposit within your limits. From here, we suggest establishing the type of parlay you wish to place and checking that the odds are on par with those displayed in our on-site parlay calculator.

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Basketball Parlays FAQs

🏀 What are basketball parlays?

Bettors can look to build parlays across individual games, different basketball leagues and competitions, and across various sports, too. Find out how to create the best basketball parlay bets for you in our latest basketball parlays guide.

🌟 How do I place my best basketball parlay bets?

When compared to single bets, basketball parlays are a little more complex to piece together. They require a fair understanding of markets, a genuine interest, and a little research to help give yourself the best head start possible.

💯 How do I make the best basketball parlay bets?

Unfortunately, there are no fixtures or outcomes set in stone across the sporting world. However, that does not mean you can't prepare yourself to build the best basketball parlay bets possible. Do your research, wager responsibly, and make use of CaptainGambling.com to boost your experience.

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