Until 2019, bookmakers wouldn't permit players to parlay two wagers from the same event, such as a moneyline and point spread bet on the same NFL team. The sportsbooks figured that if one wins, the other is more likely, and they didn't want players to get the full benefits that a same game parlay offers.
Finally, in 2019, FanDuel started marketing the same game parlay option, which became extremely popular. Since then, every major online sportsbook has launched its own type of same game parlay.
What Is a Same Game Parlay?
The same game parlay is a new product in online betting which allows bettors to combine events from the same game. It wouldn't be the same as parlaying an NFL Super Bowl betting market with another sport, but picking markets like totals, props, and moneylines that must all win from the same game for the bettor to have a successful outcome.
There are still rules associated with same game parlays, so players don't have too much of an advantage. Not all betting markets can be parlayed, with the following choices usually available:
- Spreads
- All totals markets
- Player props
- Game props
The same game parlay can have different names depending on the sportsbook, but they all refer to the same betting market.
High Risk, High Reward
Same game parlays offer players a chance to increase their winnings if they're confident in correctly predicting multiple events in the same game. Although they can provide a significant return on investment, they are still high-risk wagers, which is why sportsbooks love to offer them.
Sportsbooks will also take a higher margin on same game NFL parlays than other betting markets. They will also charge a higher vig to give themselves a chance to make more money at the player's expense. Bettors often sacrifice the value of a wager for the privilege of making a same game parlay bet. However, same game parlays can be very useful if placed at the right time, which can earn bettors a nice profit.
Super Bowl Same Game Parlay Strategy
Bet On The Favorites
Sometimes sports bettors don't get a lot of enjoyment or profit from just betting on favorites. However, with a same game parlay, bettors could find themselves with several options at -200 odds for the same event. Whereas a single prop bet at these odds would pay a profit of $50 on a $100 wager, adding three bets at -200 into a same game parlay with a $100 bet will give players a profit of nearly $250.
Betting on the favorite isn't the ideal way to bet on individual props, but it is one of the best tips for wagering on same game parlays. Bettors on a losing streak can also turn things around quickly by using this strategy.
Bet On A Strong Duo
Finding a single player that will outperform in several Super Bowl prop categories isn't easy. However, the key is finding two or more players that complement each other in different prop markets. For example, if the Cincinnati Bengals are facing a mediocre pass defense in the big game, it makes sense to take the over on both Joe Burrow’s passing yards and Ja'Marr Chase’s receiving yards and combine them into a same game parlay.
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Bet On One Player To Have A Big Game
Maybe the best feature of a same game parlay in sports betting is that players can bet on a single player to have big numbers in various statistical categories. For example, a Super Bowl quarterback can produce big passing numbers but may also have big numbers across several categories, like touchdowns, completion percentage, and the number of passes completed.
Shop Around for the Best Sportsbook
There are a lot of apparent tips for making Super Bowl prop betting picks, but it's essential that sports bettors shop around to find the best sportsbook instead of quickly settling on one. This is something that many players forget before they open an online account.
There can often be significant discrepancies in the odds where player projections, spreads, or favorites may differ. Therefore, it's also essential to try and place Super Bowl prop bets as early as possible to ensure players are getting the best value.
These tips will help players new to Super Bowl betting be more successful by learning to utilize the best same game parlay strategies and achieve bigger payouts.