One of the betting options that you have when you’re betting on the NHL is to bet on parlays. A parlay is the same as a straight wager except you need to bet on multiple teams. Most sportsbooks will allow you to bet on two to ten games on your parlay. In order for you to win the parlay you need to have all of the games picked correctly. Since you need to win every game on a parlay it’s ideally in your best interest to only place two to three teams on your parlay. There are some benefits to betting parlays in the NHL rather then straight wagers and we’re going to take a look at them below.
* The biggest benefit that you have when you’re betting on NHL parlays is that you can consider betting on big favourites. When you’re making straight wagers it’s hardly worth betting on a -300 or bigger favourite since there is a lot of risk involved. If you combine a couple big favourites you’ll be able to lower the juice on them to make it a worthwhile wager. You will need to be careful betting on heavy favourites all the time because they often lose, but if you find value in a couple big favourites then your best bet is to parlay them together.
* When you’re working with a small bankroll betting on parlays can help you try and build a much larger bankroll. If you deposit $100 or so into your sportsbook account then you might not feel safe betting the entire amount on a single team. If you can pick out 2-3 teams that you like then you’ll only need to bet a fraction of your $100 to make a decent amount if they all win. Of course hitting 2-3 games is more difficult then hitting 1 game, but if you spread the games out over a couple days you can often pick a couple winners.
* When you’re going to wager on underdogs you might want to consider betting them in straight wagers. Whenever you’re going to bet on teams with NHL odds of +100 or better then you’re going to want to bet them in a straight wager as well since it’s unlikely that you’ll win a parlay with all underdogs in it. You can also get a parlay with the teams so that if you do hit them all you’ll have a nice payday, but just in case you only lose 1 of the games you’ll want to have them in a straight wager as well.
* Since parlays are difficult to win you want to limit how often you bet on parlays. If you’re betting on the NHL everyday of the season and you generally bet $100-$200 per day then you should only really be spending about $10-$20 of your bankroll on parlays. It’s always nice to hit a parlay in the NHL because they pay nicely, but you need to remember that a straight wager is where you’ll make your bread and butter in sports betting.