Parlay Betting in Missouri: A Parlay Betting Guide for MO Bettors

What is a Parlay Bet in Missouri?

Parlay bets offer an exciting way to increase potential payouts by combining multiple wagers into one bet.

As more sports fans in Missouri turn to online betting platforms, parlay betting has become a popular strategy for those looking to amplify their chances of winning. Whether betting on football, basketball, or other sports, Missouri betting apps provide a variety of opportunities to craft the perfect parlay bet.

How do Parlays Work?

Parlay bets allow you to combine multiple individual bets into one wager, which increases both the potential payout and the level of risk. Each leg of the parlay must be successful for the entire bet to win.

For example, if you bet on the St. Louis Cardinals to win their game, the Kansas City Chiefs to cover the spread, and the St. Louis Blues to win outright in a hockey game, all three outcomes must happen for you to win your parlay. The more bets you add to a parlay, the higher the payout, but the more difficult it becomes to hit all of the outcomes correctly.

And you can further boost those payouts through the use of Missouri sportsbook promos. 

Are Parlay Bets Legal in Missouri?

Yes, parlay bets are legal in Missouri. You can place parlay bets at licensed sportsbooks like bet365 Missouri, both online and in-person, as long as you're following the state's gambling laws. Parlay betting is a popular option, allowing you to combine multiple bets into one wager to increase your potential payout.

Building a Parlay Betting Strategy

Building a successful parlay betting strategy requires careful planning and a solid understanding of the sports you’re betting on. First, start by selecting a manageable number of bets to include in your parlay. While adding more bets increases the potential payout, it also increases the risk of losing. Beginners should start with 2-3 bets in their parlays, focusing on outcomes they feel confident about. Research each game thoroughly, including team performance, player stats, and any other factors that could influence the outcome.

Another key aspect of a good parlay strategy is focusing on value, not just the odds. Look for bets where you believe the sportsbooks have misjudged the probabilities, and consider the spreads or over/under totals that give you the best chance to win. If you’re betting on a team like the St. Louis Cardinals, for example, consider factors such as the opponent’s pitching lineup and recent form. By finding these value bets, you can improve the chances of hitting your parlay, even with higher odds.

Lastly, it’s important to manage your bankroll when placing parlay bets. Because parlays are more difficult to win than single bets, it’s wise to only bet a small percentage of your total bankroll on parlays. This helps to mitigate risk while still giving you the opportunity to make big profits when your parlays hit. Always track your wins and losses, and be mindful not to chase losses by placing larger parlays. A disciplined approach to your parlay betting strategy will help you stay within your budget and avoid unnecessary losses.

How to Win a Parlay Bet in MO

To win a parlay bet, every individual wager (or "leg") within the parlay must be successful. If even one of your bets loses, the entire parlay is lost. The more bets you add to a parlay, the higher the potential payout, but also the greater the risk. 

Winning a parlay requires careful selection of outcomes, research into the teams or events involved, and a good understanding of the odds to maximize your chances of success.

Understanding Parlay Odds in Missouri

Understanding parlay odds involves knowing how the odds for each individual bet are combined to calculate the potential payout. In a parlay, the odds for each leg are multiplied together, which can result in higher potential returns. However, this also means that the more bets you include in your parlay, the harder it becomes to win.

Moneyline

A Moneyline bet is a straightforward wager where you pick which team will win a game, without worrying about point spreads. The odds are expressed in either positive or negative numbers, reflecting the likelihood of each team winning.

 For example, a Moneyline bet on the Kansas City Chiefs at -150 means you need to bet $150 to win $100, while a bet on the St. Louis Cardinals at +200 means you would win $200 for every $100 wagered if they win.

Over/Under

An Over/Under bet involves betting on whether the total points scored in a game will be higher (over) or lower (under) than a set number determined by the sportsbook. 

For example, if the total for a St. Louis Blues game is set at 5.5 goals, you can bet on whether the combined score of both teams will be over or under that amount. This bet type is independent of which team wins, focusing solely on the total score.

Point Spreads

A Point Spread bet is used to level the playing field between two teams, with the favorite needing to win by a certain number of points and the underdog having a "head start."

 For example, if the Kansas City Chiefs are -7, they must win by more than 7 points for a bet on them to win. Conversely, a bet on the underdog team (e.g., +7) wins if they win the game or lose by fewer than 7 points.

Teasers

A Teaser bet allows you to adjust the point spread or total line in your favor for multiple bets within a parlay, but at the cost of a lower payout. 

For example, you could adjust a spread of -7 to -3 or an Over/Under of 45 to 41. This flexibility gives you a better chance of winning, but the reduced risk results in smaller payouts compared to regular parlays.

Round Robin

A Round Robin bet is a type of parlay that allows you to make multiple smaller parlays from a larger set of picks. 

For example, if you choose three bets, a Round Robin will automatically create three separate two-team parlays from those picks. This bet type increases your chances of winning by spreading the risk across multiple parlays, but the overall payout is lower compared to a traditional single parlay.

Pleasers

A Pleaser bet is the opposite of a Teaser, where you move the point spread or total in the opposite direction to increase the difficulty of winning and, therefore, the payout. 

For example, if the original point spread is -7, you might increase it to -10. This higher risk results in much larger payouts if your bet is successful, but the chances of winning are lower.

Pros & Cons of Parlay Betting

Get Ready to Place a Parlay Bet in Missouri

Now that you have a solid understanding of parlay betting, you're ready to start placing your own parlays in Missouri. With your knowledge of how parlays work, the different bet types, and how to calculate potential payouts, you can confidently begin exploring sportsbooks. 

Whether you're betting on the St. Louis Cardinals, Kansas City Chiefs, or any other team, remember to carefully select your bets, manage your bankroll, and take advantage of the exciting opportunities that parlay betting offers. The legal sports betting market provides a great platform to put your strategy into action and potentially earn big rewards.

Author

Editorial Staff

@Bet_Missouri

The veteran team of Missouri sports betting experts behind BetMissouri.com.