Why and When you should think about “Exotic” betting, some basics, Part 1

      Why you should think about “Exotic” betting. Straight Bets should always be at the heart of your betting strategy, but that does not mean you should ignore other types of bets. With Parlays, Teasers, “If Bets”, Reverses, and Round Robins you just have to think a little more about your bets, but they can make your Bank Roll grow in leaps and bounds.

      Yesterday we started talking about the Parlay. Now Parlays are a lot of fun to win, and the payouts can be large, but remember that every team you add to a Parlay is another chance to lose the whole Parlay. So don't try to win a fortune with each Parlay you play, by betting on 10 teams or more, Sports Books love people that always put 8, 10, or more teams in a Parlay, because statistically the Book wins. But a well thought out 3 or 4 team Parlay can make the Books cringe, the payout on a $100, 3 team Parlay can be as much as 6/1 or better, meaning you can get $600 for that $100 you bet and for a 4 team Parlay it can be 12/1 or more, depending on the Sports Book your using, meaning that the same $100 will bring you $1200 in a 4 team Parlay.

      So as you can see you can win good money, if you use Parlays wisely, even a small 2 team Parlay can give you a boost in the size of your Bank Roll at 13/5 or $130 for every $50 you bet, so that's $100 to get you $260, all these examples so far have been about Point Spreads, with Money Line Parlays the odds are different.

      Tomorrow we will talk some more about How to use Parlay's and when you should think about a Teaser instead, and for more detailed explanations you can grab a copy of my e-book “The Wagering Man's Guide to Sports Betting” at our website www.thewageringman.com, check it out today.