What You Need to Know about Same Game Parlays
Some sportsbook pay per head services allow players to parlay two wagers from the same game. They are known as Same Game Parlays, as popularized by FanDuel. Also, players enjoy betting on SGPs during the NFL season.
Same game parlays can be two wagers, such as Patriots -4 and over 51.5. However, most players want to tie several prop bets to create lottery payouts. Also, you can wager SGPs in many sports, including college basketball and football, MLB, NBA, and NFL.
According to sportsbook advertising experts, most sportsbooks earn a lot from parlays. For example, bookies from New Jersey kept around 16 percent of money wagers on SGPs compared to 4.5 percent from straight bets.
Same Game Parlays
Dedicated data suppliers meet the complex mathematical and technological needs of sportsbooks. For example, DraftKings and maybe a few other bookmakers employ Genius Sports for SGPs. The books/providers will always have an arithmetic advantage over you and me, and even if you manage to catch up, they put in a lot of safeguards to prevent you from taking too much money.
They have already accounted for and slashed the price to reflect whatever advantage you might believe you are gaining with associated outcomes.
The books should recalculate parlay odds to account for associated results. That is why playing SGPs is like playing the lottery every time. However, some publications offer discounts for two unconnected occasions. Even though they know they can get away with it, they approach every wager in a game as though it affects every other bet.
Bookmakers would instead not calculate odds in terms of probability. So increasing your 10-pick, same-game parlay from 150-1 to 500-1 will make them happy. A 66.6% chance of winning a 150-1 parlay is implied. The odds of winning a 500-1 parlay are 0.20%. The odds of success were already relatively low. Smaller numbers represent significant shifts.
Do you run a bookie business? We recommend reading the email engagement tips for a bookie. Also, you can send emails to players that inform them about the same game parlays.