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US Gambling Sites / Betting Guide / NBA Parlay Betting Explained: How to Place The Best NBA Parlay Bets

NBA Parlay Betting Explained: How to Place The Best NBA Parlay Bets

Publish Date: 24/01/2024
Fact checked by: Drew the DFS Guy

Betting on the National Basketball Association matches is quite popular among sports betting enthusiasts in the US. While traditional markets offer limited opportunities for returns, NBA parlays are a high-risk betting plan that has the potential to yield high rewards.

An NBA single bet with multiple must-win selections constitutes an NBA parlay. This guide details our expert-curated steps to create a parlay that minimizes the potential for loss. In addition, we will guide you through selecting a suitable bookmaker to place your parlay wagers and the pressure points to assess while staking on NBA parlays.

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NBA parlays - Know what it is before you wager

NBA parlays consist of two or more selections from NBA matches that are placed as a combined single bet. Each selection of the parlay is called a 'leg.' To win a parlay bet, all the legs should win; losing even one of the legs will result in the complete loss of your wager. Parlays are also called accumulators, combos, or multis by bookmakers.

The total odds for a parlay are the same as multiplying the odds of each leg together. If a game is canceled, the parlay leg is removed, and the remainder of the legs will be considered for the final odds and winnings. In addition to regular parlays, sportsbooks offer progressive parlays in the NBA betting markets. These parlays give you insurance that would allow you to lose one of the legs, but these come at significantly lower odds and require multiple selections, usually four or more.

How to Bet on NBA Parlay

Keep in mind that not all bet kinds can be Parlayed. For example, because they are excessively connected, you normally cannot parlay a moneyline with a spread bet. There is too much overlap with those legs because a team would win the game outright if it wins by a margin of at least five points.

If there are any legs that you cannot combine, a sportsbook will notify you in your betslip and won't let you place the wager until you make the necessary adjustments.

Follow these steps for a successful bet:

  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.

Tips to follow while staking on NBA parlays - Choose your selections wisely

Due to the match schedule, NBA parlays on money lines are harder to set up. This often ends up creating shorter parlays or parlays that span over multiple weeks. Here are our expert tips to follow for creating the best NBA parlay bets:

Keep the legs to a minimum

While selecting eight or nine legs in your NBA parlay may be exciting, it's essential to understand that higher odds mean lower chances of the bet landing. So keep the parlay legs to a minimum and avoid selections you aren't 100% certain about. Stake wisely and avoid stacking favorites in parlays without the necessary research.

Look for parlay boosts and offers

Parlay boosts and bonuses should be considered while placing your wagers. Leveraging welcome bonuses, free bets, etc., are great options to minimize your losses on parlay bets. However, you should make sure that you don't over-select legs to maximize returns from these promotions.

Avoid spreads in your parlays

Try to avoid going for match spreads in your NBA parlays wherever possible. It is hard to get the spread of even a single match correct, let alone multiple matches paired with other selections. Instead, you can use a parlay calculator to compare various markets and check for alternatives to spread bettings on NBA.

Understand the schedule

Understanding the match schedules is vital for any form of parlay sports betting. In the case of NBA parlays, the number of games on a particular day may be limited; it's not the worst idea to pick selections from matches on different days. However, you should cash out the pot if injuries or new information affecting the outcome comes in before the match starts. Additionally, you can use same game parlays as an alternative to combining selections from multiple matches.

Select the right bookmaker for your NBA parlays - Analyze the options

Placing the best NBA parlay bets is also dependent on the bookmaker you select. Aside from choosing a bookmaker with a comprehensive sportsbook, you will also have to consider the features they provide for the sportsbook. These include cashouts, same game parlays, editing selections pre match, etc. These features at your disposal will ease your NBA parlay selection process, like selecting legs from matches over multiple days.

Other factors to consider while selecting your bookmaker include the bonuses and loyalty programs, payment methods, game markets, live betting, licenses, security measures, etc. Even though these factors do not affect basketball parlays directly, they are just as important in the long run for any sportsbook.

Conclusion - Strategize your picks for the best results on NBA parlays

Choosing the best NBA parlay bets has similarities and differences to most other sports parlays. As a bettor, it's up to you to put in the research and come up with informed picks, stick to a strategy that works and stake sensibly to avoid losses.

You can use this expert guide to reinforce your selection process. But, ultimately, there is an element of luck involved beyond what numbers and stats dictate. So follow the season closely and explore the various markets available for a game. Don't let emotions get the best of you, and know when to cash out.

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NBA Parlays FAQ

🏀 What are the tips to select the best NBA parlay bets?

The best NBA parlay bets require research and match knowledge to execute. Even if you follow the stats, there is an element of risk involved, as basketball matches can yield unexpected results. However, you can minimize errors by taking a look at our expert-curated guide on selecting the best legs for your NBA parlays.

⛹️ What is the best type of NBA parlay?

Moneyline, progressive, round-robin, same game, spread, over-under, etc., are the most common NBA parlays. Selecting the best parlay type depends on your strength of assessment. You can read through our detailed guide on selecting NBA parlays to understand your strengths and choose parlays that reflect them.

🌐 What is the best NBA parlay site?

While there are a lot of quality bookmakers that provide NBA parlay markets, the best site is subjective on your needs. Even though placing Caesars parlay bets may appeal to some users, there might be better alternatives suited to your playing style. If you are stuck looking for a site to wager on parlays, you can analyze our NBA parlay guide to understand the steps to take while selecting your parlay bookmaker.

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