NCAA Basketball Parlays
Many people who enjoy watching NCAA basketball also enjoy placing wagers on the sport. In many states around the US, you can legally bet on your favorite college teams and players to make watching games even more exciting. Sometimes you can win a few bucks too!
The NCAA basketball season is exciting, but one main draw is the number of games played. Every day you’ll find new betting opportunities, each with a wagering market perfect for you. The only issue is, with so many different games, it can be difficult to stretch your bankroll to cover them all.
That’s where parlay betting comes in. Parlay bets allow you to add multiple markets into a single bet with greater odds. It’s a high-risk, high-reward game. If you can get it right, you could find yourself with a generous payout.
If you don’t know what a parlay bet is, our experts are here to help. In this guide, we explain everything you need to know about parlay betting so you can use them when wagering on NCAA basketball.
Parlay Betting Explained
With a parlay bet, you combine multiple bets into one single wager. That means you can place one stake on multiple games or markets. Every market you add, called a leg, adds to the value of the wager. The more legs you have, the better your payout. The great thing about parlays is that this type of betting pays out more than if you just bet on each individual market. You can stake much less and make much more.
There is the added risk, and it’s that every one of your legs must come in for your parlay to be successful. That means if even one of your legs doesn’t go your way, it’s a losing bet. It’s a risky way to wager, but it can be incredibly rewarding.
Placing a parlay is super easy at any legal US sportsbook. Visit your preferred sportsbook and add the markets you want to your bet slip. On your bet slip, you should have the option to combine these markets into a parlay. Then just pick your stake and place the bet.
NCAA Basketball Parlay Example
Let’s use an example from the NCAA to make the concept a little bit more clear. Imagine three games are coming up. Rather than backing each game individually, you decide you want to place one parlay bet. This will give you a better payout. The teams are below:
- Baylor Bears -105 vs. Texas A&M Aggies +115
- Southern California Trojans -140 vs. Minnesota Golden Gophers +120
- UCLA Bruins -120 vs. Seton Hall Pirates +100
You decide to bet on the favorite in all three games. That means we have the Bears, Trojans, and Bruins on our bet slip.
If you decided to wager $100 on each game individually, you could receive a payout of $541.72. That includes your $300, plus $241.72 profit. This only comes in if all three teams win. By placing a $100 parlay on all three teams, you could bag yourself a $613.62 payout. That combines your $100 stake with a $513.62 profit!
It is important to stress again that parlay bets only work if every leg succeeds. If one of those teams lost, you would return nothing.
Legal US Betting on NCAA Basketball
Parlay betting is a fun way to try and win a bigger payout while enjoying your NCAA basketball games. It’s completely legal and safe in many states in the US. As of 2018, when the US Supreme Court declared the PASPA unconstitutional, states have been legalizing online sports betting. That means a state near you could be accepting online sports wagers.
To get involved, you have to be within the state borders of one such state. Other than that, if you’re of legal gambling age and that state allows college sports betting, you’re all set! Download a sportsbook app today and start placing parlays on multiple NCAA basketball games.
