If you’re looking for a betting site that puts its users first with an accessible experience, look no further than Tipico, which entered the U.S. market in 2020.
There are numerous bet types available here, including parlays, which have really risen in popularity. This is because the expansion of props markets have created even more options for parlays. Users always love to try to hit that home run.
In this article, we’ll go through everything you need to know about wagering on parlays at Tipico. After reading, you’ll have a thorough understanding of how to approach this market.
How to Bet Parlays on Tipico
Step 1: Create an Account or Sign In
The first thing you want to do is read our Tipico Hands-On Review. Not only will this provide more information on the operator, but you’ll also find a “Get Bonus" link. This unlocks the best welcome offer at the site. You will need to provide some personal information, such as name, address, and more.
Step 2: Deposit Funds
Now you need to put money into your account. Click “Deposit," which will show you several banking methods, including Credit/Debit Card. What’s great about this is that it’s quick and convenient — you’ll see the money in your account right away.
Step 3: Navigate the Betting Markets
The third step involves you choosing your preferred sport. Each one is organized by league, which make it easily accessible. Click the one you want to open up the upcoming games.
Step 4: Add to Your Bet Slip
Click your preferred wager to add it to your bet slip. Choose two or more to create a parlay. Tipico will update the odds. When you type in your stake, you’ll see your potential payout. Select “Place Bet" when you’re ready.
Step 5: Same Game Parlay
If you want to build a parlay from the same game, click “More Wagers" and add picks from one event. Keep in mind that there are some bets that you cannot include in this bet type.
What Is a Traditional Parlay?
Traditional parlays are where you add two or more wagers from different games. It can also include multiple sports. You’re able to include several bet types, such as moneylines, spreads, and more.
You need to hit each of your picks for your parlay to win. The appeal here is that there’s a greater return on investment. You’re risking fewer units to win more money.
Here’s an example:
- Cowboys +2.5 (-110)
- Packers +2 (-110)
- Chiefs -6.5 (-110)
This parlay has +600 odds, which means that it would pay $60 on a $10 wager.
Tipico Parlay Rules
Here are a few rules to remember with parlays:
- If one of your picks ends in a push (void bet due to a tie), your parlay is still live, but that game is removed. The odds will be updated accordingly.
- Baseball games need to go a minimum of 8.5 innings for the wager to stand.
Tipico Same Game Parlays
Same Game Parlays allow you to create combinations of wagers from the same event. They have become highly popular because they give you a chance to put together correlated outcomes.
For example, I can take the Over on Justin Herbert‘s Passing Yards and the Over on Mike Williams‘ Receiving Yards. These two outcomes are directly linked to each other, as we’re taking a quarterback with one of his top wideouts.
This increases your win probability. Some sportsbooks may give you reduced odds on correlated plays due to this, but some are better than others. Tipico does well in this regard.
Same Game Parlay Rules
Same Game Parlays have the same rules as the traditional type, the only difference is that there are some wagers that are ineligible for this feature. For example, some sites may not let you combine a moneyline and their team total.
Tipico Round Robin Parlays
Round robins are designed to help you recoup some winnings if your parlay loses by one leg. It’s an interesting variation of parlay betting, where you’re creating multiple smaller parlays within a larger one.
For example, imagine I built this three-teamer:
- Raiders -2.5
- Eagles -6.5
- Panthers +3
This parlay would have +600 odds, paying $600 on a $100 wager. However, if I get one wrong, the entire bet loses. I can go with a round robin of three two-team parlays:
- Raiders -2.5/Eagles -6.5
- Raiders -2.5/Panthers +3
- Eagles -6.5/Panthers +3
Each of these parlays would have +250 odds. I can put $100 to win $250 on each. In this case, if I get all three correct, I’d have staked $300 to win $750. If one loses, I’d still get some winnings instead of coming out of it with zero profit.
Round Robin Rules
Round robins have the same rules as both traditional and Same Game Parlays.
Teasers are the same as parlays in that they involve two or more picks and you need to hit each one. The difference is that they have fixed odds (based on number of points and picks involced).
The appeal here is that you’re able to tease a spread or total to a more favorable number, making it easier to win.
Here’s an example of a 6-point teaser at +180 odds:
- Broncos +1.5 to +7.5
- Cowboys +2 to +8
- Commanders +6.5 to +12.5
Traditional parlays would pay at +600 odds with three teams like this. This teaser is at +180 because it has a higher win probability.
The difference here is that every teaser pays the same, it just varies depending on number of points and selections. For example, a three-team 7-point teaser pays less than a three-team 6-point version.
Some sites may count your teaser as a loss if one of the legs pushes. This is also different from parlays, which just removes the pick and keeps it live, albeit with updated odds.
Tipico Parlay Bets for NFL
The NFL works nicely with parlays because of the multitude of options, including several player props. It’s also great to create Same Game Parlays, especially in “island" games, such as Sunday Night Football.
You should target the NFL parlays in three ways: 1) Pick your three top underdogs, 2) Combine three heavy favorites, 3) Make a Same Game Parlay, and 4) Mix in a teaser. This way, you take a shot at a nice payout while covering any potential losses.
The Super Bowl is the best day for betting. It’s ideal for Same Game Parlays since it’s the only game on the slate. Choose a few of your favorite props, mix in a spread or moneyline with a total, and away you go. The goal here is to try to get a nice return on your investment.
Parlay Bet Strategies
Consider these strategies to guide you with parlays:
- Put less money on parlays than straight bets because they’re harder to win.
- Limit your parlays to 4-5 legs to keep your win probability at a reasonable rate.
- Mix in favorite combinations to be safe and underdogs for a better payout.
- Make sure to only include your favorite picks in your parlay.
- Create Same Game Parlays with correlated plays.
Parlay Betting for Beginners
If you’re new to parlays, follow these tips:
- Make sure to keep a record of your profit and losses.
- Research each pick, looking important factors such as recent performance and head-to-head matchup.
- Be sure to look our for any helpful promotions, like Parlay Insurance.
- Mix in Teasers and round robins to help cover any potential losses.
How to Calculate Parlay Odds
Tipico will calculate the parlay odds for you. They are determine by the odds of each pick, the stake of your wager, and the number of selections.
The odds will be shown in American style, which are positive and negative numbers related to 100.
Here are some examples:
Parlay 1: Risk $100 (+600 odds)
- Divide 600 / 100 = 6
- Multiply 100 x 6 = 600
- Your payout is $600
Parlay 2: Stake $100 (-120)
- Divide 120 / 100 = 1.2
- Divide 100 / 1.2 = 83.33
- Your payout is $83.33
Parlay 3: To win $100 (-140)
- Divide 140 / 100 = 1.4
- Multiply 1.4 x 100 = 140
- Risk $140 to win $100
Why Are Parlays a Good Bet?
Parlays are a good bet for these reasons:
- You can win more money while risking less.
- Same Game Parlays can be profitable if you correlate your picks.
- You have a chance to hit nice payouts.
- You’re able to reduce the risk on expensive favorites by including them in parlays.
- They’re fun because of the nice payouts.
Can Parlays Be a Bad Bet?
Parlays have some drawbacks as well:
- Parlays are harder to win, so be sure to emphasize straight wagers.
- They can cause your bankroll to really plummet if you play too many parlays.
- It’s a bad idea to risk the same or more units on parlays as straight wagers.
- Putting too many legs is also like playing the lottery — too difficult to win.
What Sports Are Available for Parlays?
Here are the sports that you can bet on for parlays:
Is There Bet Insurance on Parlays?
Bet insurance is provided to new users as a signup bonus. It’s where your first wager is matched up to a certain number if it loses.
You can use parlays for this offer, as long as they have -200 odds or longer.