If you’ve been thinking about getting in on the sports betting action in Maryland today but want to take things to the next level. You can dramatically increase your odds of a game-changing payout all you need to master the ins and outs of Parlay Betting in Maryland.
Parlay Betting sportsbooks MD
Parlay Betting in Maryland opens up a world of opportunities to increase your winning potential, all while giving you a chance to spread your wagers across a couple of different games, a couple of different matches, or even a couple of different sports. At the same time, Parlay Betting is not for the faint of heart!
You want to be sure that you know exactly what you’re doing with these kinds of wagers, the relationships that these wagers have with each other, and when to roll them out and when to avoid them, even if they “feel” like they could really hit.
Below we run through the basics of what you need to know about picks and parlays, giving you the inside information you need to boost your chances of cashing in on these wagers. Let’s jump right in!
Best sportsbooks in Maryland for Parlay odds
Here in Maryland, you have a couple of different online sportsbooks to pick and choose from, but when it comes to parlaying bets in Maryland. Players are going to want to focus on a handful of outfits that stand head and shoulders above the rest of the pack. Let’s break down our favorite sportsbooks in Maryland that offer fantastic parlay odds.
BetMGM Maryland Parlays
It should come as zero surprise to anyone that MGM offers great parlay odds and red-hot Parlay Betting action, being one of the most popular (and well-recognized) sportsbooks on the planet.
Whether you want to do parlays on the Orioles, the Terrapins, or any other action in sports today – or tomorrow, with futures – the MGM online sportsbook is one you’ll want to consider.
PointsBet MD Parlays
This is another great Parlay Betting Maryland platform you don’t want to sleep on, especially if you’re after some of the best odds in the best payouts in the business.
The number of sports you can bet here is somewhat limited compared to other options (like MGM, for example), but the Parlay Betting that you can do is absolutely off the charts. This is where a lot of more experienced players like to place a Parlay Bet.
DraftKings Maryland Parlays
DraftKings has a lot of parlay action on a pretty regular basis. Their user interface (on the mobile side of things, anyway) makes getting into these kinds of wagers super simple and straightforward.
You do have to keep an eye on the kinds of odds you’re looking at with Parlay Betting on DraftKings, though. Some Parlay Bets look really attractive until you dig beneath the surface. So be careful before you jump in!
Barstool Sportsbook Parlay Bets
You don’t have to follow Portnoy on Twitter to know that he is a huge fan of Parlay Betting!
The whole Barstool Sportsbook is absolutely filled top to bottom with these kinds of wager opportunities, giving players a chance to really multiply their winnings if they are lucky enough to combine different wagers together.
FanDuel MD Parlays
FanDuel has really built a big part of their sportsbook around “Same Game Parlay” action as well as a whole bunch of other Parlay Betting opportunities.
The same game parlays, though, are some of the most interesting. They let you play multiple parlays from the same game – giving you a chance to bet different legs that have to do with one game – so that your attention isn’t all that diverted while you’re still looking at huge potential payouts.
You’ll definitely want to check this sportsbook out here in Maryland, especially if you want to be able to place money line, prop, and over/under style bets all on the same game.
What are Parlay Bets? – Maryland betting
To put it simply, a Parlay Bet is essentially a multi-part wager that has been rolled into one.
For example, let’s say that you’re thinking about betting the Baltimore Oriole money line for a game tomorrow and a future on them winning the World Series in 2023.
Well, instead of placing those two bets separately, you instead “link them” together with a parlay and then dramatically increase your odds of a huge payout if both of them pay off.
That’s the big allure of going with a parlay.
By combining different bets and forcing yourself to hit each of them to win the whole thing, you increase your odds (sometimes a little, sometimes a lot). Still, you also exponentially increase the payout potential.
The flexibility of Parlay Betting is what makes it so attractive to serious players. These players love throwing money down on a couple of different games and a couple of different matches simultaneously.
Thanks to great sportsbook options in Maryland, even beginners are getting in on the parlay activity, but you do want to be sure that you pick the right book to jump in with both feet with.
How to win Parlay Bets in Maryland
Winning a Parlay Bet is simple and straightforward (at least as far as the rules are concerned, anyway).
Parlays payout as long as you win all of the “legs” of this kind of bet, which basically means that all of the wagers you made cashed in positive.
Lose any leg of the bet, and the entire parlay is wiped out completely, though. That’s where the risk and downside come into play.
As an example, let’s say that you bet the Baltimore Orioles to beat the New York Yankees, that you bet the total run scored for the game would be seven or higher, and that you thought three home runs would be hit during that game.
If the Orioles beat the Yankees, 7+ runs were scored that game, and three home runs were hit, you would win the whole parlay – and bring home a decent chunk of change, too.
If, however, the Orioles beat the Yankees and three home runs were hit, but only five runs were scored, you wouldn’t win anything at all.
That’s the risk and reward side of Parlay Betting.
Understanding Parlay Odds in MD
Something you really want to focus on before you do any Parlay Betting in Maryland (or anywhere else, for that matter) are the actual odds for the specific parlay that you are thinking about playing.
Different sportsbooks are going to have different odds for all of the individual wagers that they offer. Still, they are also going to have unique odds in Maryland available for any of the different parlays that they make available, too.
Really pay close attention to the different odds that you might be looking at before you put any money down. Even just a small change to one leg of a parlay can change the odds significantly – changing the potential for your payout along the way.
FAQ’s About Parlay Betting Maryland
Are Parlay Bets smart to play?
As long as you have paid close attention to the odds, understand that you have to hit each individual leg of the parlay to win the whole thing, and recognize how much the wager is going to cost verse the potential payout, there’s no reason not to get in on all of this action.
Does every sportsbook offer Parlay Betting in Maryland?
The overwhelming majority of sportsbooks in Maryland offer parlay-style action, and all of the top-tier options (including the ones that we highlighted a moment ago) give you the chance to play parlays with little headache or hassle.
Can I parlay multiple bets on the same game?
Almost all online sportsbooks in Maryland are going to let you parlay multiple bets and wagers for the exact same game, but nobody does this quite as well as FanDuel does with their “Same Game Parlay.” If you really want to place parlay style wagers across many different bets on the same game, FanDuel is the place to go!
Can I parlay the same kind of wager across multiple games?
For sure! Let’s say that you want to build a parlay on the over/under of the Baltimore Oriole game, the Terrapins game, and the Los Angeles Dodgers game. You can do that without any trouble whatsoever.
Am I going to be able to make Parlay Bets on props?
Again, the overwhelming majority of online sportsbooks in Maryland are going to let you parlay different prop bets – but you run the risk of adjusting the line, and that’s going to introduce a “Teaser Bet” that reduces the odds a little bit as well as the amount of money you might win.
On the one hand, this does increase your potential for pulling in a winning parlay. On the other hand, though, you might not win as much money as you thought you were going to before you introduced a prop bet into all of the action.
At the end of the day, as long as you really review the different details and angles of your Parlay Bet (and calculate your odds and potential payout ahead of time), you don’t have much to worry about!