How to Place Tennis Parlay Bet

How to Place Tennis Parlay Bet

How to Place Tennis Parlay Bet 

During tennis competitions, there are loads of matches on simultaneously, and fans and bettors alike can get their heads in a mess trying to keep up with the fast pace of tennis across multiple courts. For tennis fans, we haven’t got a solution. For betting fans, parlay bets have the answer. Parlay bets let players combine their bets on different markets into one riskier bet with a bigger payout. 

For all the major tennis competitions, your US sportsbook app should offer you thrilling parlays that allow you to combine two or more different bets with one stake. If one part of the bet fails, you get nothing. It’s like going for an ace on your second serve for match point. Sure, you could lose the point, but you could also win the game. It’s undoubtedly the more exciting option. 

Read through our comprehensive guide to discover what tennis parlay betting is, how to place a tennis parlay bet, and the best US sportsbooks that offer tennis betting to you legally. 

What is a Parlay Bet? 

A parlay bet puts multiple bets from different markets into a single wager. These bets could all come from the same match, or they could be split across various games. Every market you add to the parlay is called a leg, and you need every leg of your bet to come through for your wager to be successful. This is why parlay bets offer better odds than just betting on each leg individually. You get more money from less staked. The risk is higher, but the reward is much greater.

For players looking at tennis parlays, you have several options. You could stake on multiple winners of different matches or which players you think will win a set. Whatever you choose to put your tennis parlay bet on, it is sure to make even the dullest matches more exciting.

Adding more legs to a tennis parlay bet will increase your reward but also increase the risk. In tennis, there a usually a few upsets on the way to a tournament final, and the more legs you add to your bet, the higher the odds you include one of these unpredictable results. This makes parlay bets challenging to win consistently, but the rewards are so great that the increased risk doesn’t matter to players. Parlay bets remain one of the most popular options on US sportsbooks because of this.  

How to Place a Parlay Bet

Placing parlay bets at US sportsbooks is really simple. Visit the sportsbook you like to use and add two or more tennis matches to your bet slip. On the bet slip, you should see an option to turn your chosen bets into a parlay. All you have to do is choose your stake and place your bet.

Tennis Parlay Betting

Imagine the previous parts of this article were your pre-match warmup. This is you stepping onto the court as we put the ideas of parlay betting into practice. Imagine a sportsbook is offering these odds on two matches at a tennis tournament.

  • Rafael Nadal -135 vs. Dominic Thiem +115
  • Novak Djokovic -210 vs. Cameron Norrie +175

We know already that tennis parlays will give you more profit than individuals wagers on the outcome of matches. Let’s see how betting between moneyline favorites and underdogs affects your parlay winnings.

Underdogs

You can see which players have been deemed the underdog in these matches by the (+) symbol next to their names. In this case, it is Thiem and Norrie. By placing a $100 bet on both these players to win game, set, and match, you could receive a massive payout of $591.25. This amount includes returning you your $100 stake. However, both players have to progress through the game for you to win your tennis parlay. 

In essence, the sportsbook offering these odds thinks that both these players will lose. You have to consider this risk when placing any wagers on tennis parlays. The winnings may be greater, but the chances of it happening are smaller. 

Favorites

As determined by the sportsbook, the safer option would be to bet on the favorites shown by the (-) symbol. In our example, this would be Djokovic and Nadal. Putting a $100 wager on a tennis parlay with these two to win would return a decent $256.72. Remember, this includes your wager. 

There is still risk with this, and tennis has been known to throw up great upsets regularly. When placing your parlay bets, make sure you remember that betting is about having fun, not making money.

Tennis Parlays at Legal US Sportsbooks

Tennis has one of the most expansive calendars across all sports, so if you want to place some tennis parlays bets, you will always find markets. Since 2018 when the US Supreme Court struck down the PASPA, US states have been given the right to legalize online sports betting. Many states have already done so, and more are pushing to make the necessary changes. If you are in a state where sports betting is legal, download a sportsbook app, and place your own tennis parlay bets. 

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