Every time a WNBA week rolls around, bettors are presented with many exciting wagering opportunities. So many that placing one bet doesn’t feel like enough. That is the problem that parlay betting looks to solve. It allows bettors to get involved with many different markets using just one stake.
With every US sportsbook that offers WNBA betting, there will be an option to use parlays. Parlays take two or more wagers and combine them into a single bet. There is a greater risk attached with this kind of betting, but it can also reward players generously. Another benefit is that the fun you get from placing one wager is spread across multiple games.
If you’re still looking for guidance on WNBA parlays, then read our expert guide. You will learn what parlay bets are and how to use them on the WNBA.
What Is a Parlay Bet?
A parlay allows you to combine many different wagers into a single bet. Each market that you add to a parlay is called a leg. You can add legs from different WNBA games or combine multiple markets from one match. If you predict all the parlay legs correctly, you will receive your payout. However, if even one leg of your parlay is wrong, then the whole bet comes through.
The fact that more elements can go wrong when you add more legs to your parlay is part of the reason they are so appealing. Sportsbooks recognize how difficult it is to correctly predict a parlay and offer better odds on parlay bets than you would get from betting on each market individually. This means the more legs you add, the larger your payout. This type of betting is incredibly risky but has some of the best payouts. That’s US bettors love it and why WNBA parlays are so popular.
If you want to place a WNBA parlay, then it is very simple. Visit your preferred US sportsbook and select the markets you want in your parlay. In your bet slip, there should be a parlay option. This will combine your bets, meaning all you have to do is stake your money and hope it wins!
WNBA Parlay Betting
Let’s create an example using WNBA teams to explain how parlays work. There are three games in which you fancy you can predict the winner. So instead of staking on each game individually, you combine all the bets in a parlay. Here are the odds being offered on each game.
- Seattle Storm -105 vs. Las Vegas Aces +115
- Chicago Sky -140 vs. Washington Mystics +120
- Minnesota Lynx -120 vs. Connecticut Sun +100
For the sake of simplicity in our example, let’s say you back the favorite in every game. The teams with a (-) symbol next to the odds are the favorites. That leaves us betting on the Storm, the Sky, and the Lynx.
Let’s compare the profit of wagering on all the games individually and betting with a parlay. By staking $100 on each game, you would get a payout of $541.72. Of course, $300 of that is your stake, so your profit is only £241.72. If you had placed a $100 parlay on the games, you would have received a $613.62 payout. That’s a $513.62 profit, which is much more rewarding.
Of course, this is still parlay betting, and therefore every leg must come through for this to happen. If even one team was to lose come the final buzzer, your WNBA parlay bet would be over.
US Sportsbook WNBA Parlays
When the US Supreme Court declared the PASPA unconstitutional in 2018, it allowed many states to start legalizing online sports betting. Many have already begun to take wagers, and more are making the necessary legal changes as we speak.
What does that mean for you? It means more WNBA betting opportunities. Visit a state where you are of legal gambling age, download a sportsbook app, and place your WNBA parlays today.
