Here's a new attraction: Every NFL weekend, we'll examine the entire menu of betting options at Spreads.ca and pick out what we believe to be the "Parlay of the Week."
We won last week's parlay with Kansas City -4.5 and the Chiefs-Cardinals OVER 53. The parlay won easily. Now, we're on to Week #2!
Just in case you're not familiar with parlays, that means we're making two wagers which are combined into a single bet. As in a "two-team parlay." Or, a "two-bet parlay."
The tricky part is -- both wagers must win (which means all the bets in the parlay must cover the pointspread).
The payoff is that parlays always pay back more money when we win. For instance, a standard 2-team parlay pays $2.60 in profit for every $1.00 wagered. That's a great deal! But remember, both wagers must win. If we go 0-2, or split and go 1-1, that means the parlay loses.
Now, let's look as some possible winning parlay combinations for NFL Week #1.
NFL Betting Odds (WEEK #2)
Predictions (powered by Pointspreads.ca):
Many sportsbooks don't allow correlated parlays. That means wagers which are directly correlated or connected.
An example would be to bet the Buffalo Bills in the first half and also bet them in the game and try to make that into a parlay. The problem is, that's not allowed. We can bet Buffalo on separate wagers, but not as a parlay. If you can find anyone who takes a first-half and a game bet on a parlay ticket, something's probably wrong.
So instead, we look for quasi-correlated parlays. Fancy words, huh? This means a betting ticket that includes two separate possibilities, but which are also somewhat linked. A great example is betting a big favourite with the over. That's allowed in parlays. The reasoning goes -- if a big favourite covers a high pointspread, then lots of points are probably going to be scored, and the game will go over the total. So, it's correlated. Kinda'.
NFL Parlay of the Week [Week #2]
So, what's our Parlay of the Week?
Let's stick with the same formula that won last week, which was playing what's predicted to be a high-scoring game and combining two wagers.
In the Las Vegas Raiders-Arizona Cardinals matchup, the host Raiders are laying -6 points. The total is 51.5 (odds are courtesy of Spreads.ca).
Initially, we thought Las Vegas might bounce back in a big way after losing at the LA Chargers last week. The Raiders will certainly score points at home. However, the road underdog might actually be the better value, getting +6.
While the Cardinals' defense was destroyed by the Chiefs in Week #1, Kansas City can make any team look bad then they are in synch. The Raiders aren't in that class and Arizona should have an easier task, even though Las Vegas does field many threats and potential scorers.
Arizona also boasts some key playmakers and should produce points, as well. They moved the ball well against the Chiefs last week and should do the same against Las Vegas.
We figure a high-scoring game is very likely. We also think that if the dog Cardinals do cover, they will roll up some points. We'll call this one 31-27 in favour of Arizona in an upset and hopefully cash another parlay.
TWO-BET PARLAY: ARIZONA +6 with OVER 51.5
Good luck to Arizona and to us!