Same game parlays (SGPs) have become a popular way for sports bettors to add excitement and potential big payouts to their wagering portfolios. These types of multi-leg bets combine multiple betting options in one wager, allowing you to take advantage of odds that are much higher than individual bets on their own. However, SGPs come with some significant drawbacks that should be taken into consideration before placing a bet.
The most common type of SGP is the moneyline, where you bet on a team or player to win a game. This bet has the highest payout of any SGP, but it is also the most difficult to win. Unlike individual bets, a winning moneyline parlay will require all of the legs in your SGP to hit. It is not uncommon for a single leg of an SGP to fail, making it impossible to win the entire bet.
In addition to moneyline bets, SGPs can include total points over/unders, team and player props, and a variety of other options. Traditionally, sportsbooks would block the use of certain bets in SGPs because of their obvious correlation, but now they’re embracing them as a way to attract new customers.
A Quick SGP is a pre-selected combination of bets that typically include popular or common outcomes, such as team spreads, over/under total points and player props. This feature saves bettors time and effort by eliminating the need to build a Same Game Parlay from scratch. Alternatively, DraftKings’ Quick SGP can be customized by bettors by swapping out particular legs or adding new ones.
SGPs can be very addictive, as they offer the allure of high payouts for a relatively small wager. However, the high variance and low expected value of these bets makes them a poor long-term investment for most bettors. Despite their risks, sportsbooks aggressively promote Same Game Parlays because they drive betting volume, increase engagement, and pad the bottom lines.
Same Game Parlays are all the rage in states where sports betting has become legal, such as Massachusetts. These bets offer the appeal of putting a small amount of money in to potentially win a huge payout, and they have made sports betting more exciting for a select group of bettors each year.
SGPs can be a great way to spice up your wagering portfolio, but you should only place them when you’re confident that all of the bets in it will win. In addition, you should always check the rules of your sportsbook regarding SGPs before placing them. Otherwise, you may risk being blocked from a site for violating their terms of service. This can be a major inconvenience for you, especially if you’re in a state where sports betting is legal. For this reason, it’s a good idea to choose a trusted online sportsbook that has a reputation for being fair and trustworthy. Moreover, you should make sure that the sportsbook offers SGPs for the events that you enjoy betting on.