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US Gambling Sites / Betting Guide / Soccer Parlay Betting Explained: How to Use MLS Parlays

Soccer Parlay Betting Explained: How to Use MLS Parlays

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

With the rapid rise of Major League Soccer, sports betting enthusiasts are turning to soccer markets with their wagers. Soccer parlays are a high-risk, high-reward betting strategy that combines two or more selections for a chance at a big payout.

Losing just one of your selections in the parlay will result in a loss. This soccer parlays guide aims to give you a clear idea of the risks involved, along with tips on minimizing these risks while placing your bets. In addition, we will answer some of the most frequently asked questions about soccer parlays.

What makes a good soccer parlay - How they work

Soccer parlays are created by combining multiple selections; the odds of all the selections are multiplied to give the final odds of the bet. Soccer is infamous for the unexpected twists and turns that play out; this makes soccer parlays one of the market's most unpredictable betting types. Therefore, it is essential to keep the parlay wagers as tightly focused as possible.

A critical aspect of selecting the matches for the parlays is the match timings. Try to create soccer parlays with matches that kick-off at similar times; this allows you to analyze the lineups and make better decisions. E.g., selecting three matches from Saturday and one from Sunday or a later date may seem ok, but a lot can change during this period, which may affect the outcome. Even though most top bookmakers allow you to cash out based on the results of the settled matches, factors like odds changes, injuries, match conditions, etc., may affect the returns.

Six tips to follow while creating parlays - Boost your chances of winning at soccer parlays

While placing wagers on soccer parlays is straightforward, there are a few critical areas to analyze when selecting each parlay leg. We have listed our top six expert tips to help you with the process:

Conduct your research

The best soccer parlay bets are a result of deep research, match knowledge, and luck. Research the team's Home and Away performances, player forms, head-to-heads, possible lineups, and other key determining factors to help maximize your accuracy.

Always consider the possibilities of wildcards like injuries, tactical flaws, weather, etc. These factors may affect the outcome adversely, causing your soccer parlays to fail. Therefore, keeping your stakes low, even on sure-fire matches, is essential. Never add any uninformed bets to your parlay, regardless of how tempting it might feel.

Stick to your strengths

One of the reasons bettors add more legs to soccer parlays is because of the attractive parlay boosts offered by bookmakers. These boosts tend to shake up your game plan resulting in the addition of multiple legs that you wouldn't otherwise commit to.

Sticking to competitions that you follow regularly is just as important as the research. There might be games from multiple leagues like the English Premier League, La Liga, UEFA Champions League, Nations League, Cup tournaments, and other parallel competitions; ensure that your pick is from competitions you follow and analyze. 

Avoid high-risk selections

Similar to football parlays, avoiding high-risk selections is a must if you want your wagers to do well in soccer parlay bets. These selections may increase the odds and returns significantly, but the chances of your soccer parlay landing get lowered considerably.

Keep your parlays short; if you have multiple picks, it is wise to split them up and wager as multiple soccer parlays. Splitting parlays gives you a better chance of winning from your wagers, even though the returns may not be as high. Alternatively, you can categorize your parlays as high and low-risk bets and stake accordingly to minimize losses.

Use draw no bet markets

An alternative to the popular match winner market is the draw no bet market. If you are unsure about a team winning or the match is too close to call, you can choose the draw no bet market selection to reduce the risk on your parlay.

If you select a winner from the draw no bet market and the match finishes in a draw, the bet will be considered void. In the case of a soccer parlay, the remainder of the legs will be counted, and the final odds will be adjusted to reflect the removal of the drawn leg. Therefore, the odds for the winners are lower on the draw no bet market, but it is worth selecting if you aren't certain about a team's performance. You can use a parlay calculator to calculate the returns of your parlays if specific selections are voided.

Use both teams to score markets

The BTTS or both teams to score markets are a good option for your soccer parlays when both the teams have a high rate of scoring. Additionally, factors like weak defenses, good attacks, and competitive fixtures should be used to decide if the market is a good option for your parlay.

This market has a 'YES' or 'NO' option, with varying odds based on team quality. The 'NO' option can also come in handy if the match is expected to be one-sided or factors like strong defenses, weak attacks, and low scoring rates come into play. Sometimes it's easier to assess the goal-scoring prowess rather than select the winner; both teams to score markets should provide you with more options for your parlay wagers when the match-winner markets seem risky.

Look for boosts and offers

If you wager or are planning to wager on soccer parlays regularly, it might be a good idea to find a bookmaker that provides parlay boosts. These boosts offer an increased percentage of return on the final win. Usually, the bonus percentage increases with the number of legs in the parlay.

There are also signup bonuses and other bookmaker bonuses being offered that should be considered during your wager to minimize any losses that may occur. Note that the boosts and bonuses may make the prospect of more legs and bigger parlay bets enticing, but you should ensure that these offers are used sensibly to boost your strategy. Going out of your way to favor bonuses should be avoided.

Selecting the best soccer parlay betting site - Areas to analyze

Most popular bookmakers allow you to place soccer parlays on their platforms. However, there are a few factors to consider:

  • Availability of markets: Try to select a bookmaker that supports multiple soccer competitions and provides various markets for each game.
  • Availability of boosts and bonuses: Select bookmakers that provide bonuses and boosts that can increase the winnings from your parlays.
  • Availability of cashouts: Make sure that the site you select allows cashing out bets; parlays spread over a day or multiple days can sometimes be better utilized with the cashout feature.
  • Payment methods: Soccer parlays tend to result in significant wins. Make sure that the payment methods offered by the bookmaker support large withdrawals at minimal fees and that the payment services are seamless for you.
  • License and security: Ensure the bookmaker is licensed to operate in your country/region. In addition, go through their security protocols to ascertain their fund and data handling provisions.

Conclusion - The ups and downs of soccer parlays

Even the best soccer parlay bets have their fair share of ups and downs. The prospect of losing out on the entire bet due to just one failed result can be pressing to bettors. In addition, the process of wagering on parlays requires time and understanding to master.

It is crucial to understand when you go overboard with your selections; higher odds equals lower probability of securing a win. We've listed our expert tips to help your wagering process and enhance your parlay wager output. Don't forget to put in your share of research to ensure that you are on the right track.

Soccer parlay FAQ

⚽ How to select the best soccer parlay bets?

Similar to selecting hockey parlays, the right soccer parlay bets require a lot of research and analysis. There are multiple variables to account for while conducting your analysis. You can go through our expert guide on crafting the best soccer parlay bets to understand the steps involved.

🏅 How does a voided result affect a parlay outcome?/

In rare circumstances, match results can be voided, which results in a canceled bet. Additionally, results of draw no bet and similar markets have the same effect on the outcome of the parlay bet. You can read our detailed guide to understand voided results' impact on a parlay bet's outcome.

ℹ️ How to select the best soccer parlay betting site in the US?

Selecting the best site for your parlay requirements is dependent on factors like ease of use, availability of necessary services, etc. As we've experienced in our research, placing DraftKings parlay bets is seamless for some users, while others feel there are better alternatives. We've compiled the key steps to inspect while choosing your soccer parlay betting site in our detailed guide, along with tips on making the most of soccer parlays.

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