Same Game Parlays: Everything You Need to Know

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Same Game Parlays: Everything You Need to Know

Author: Erik Gibbs | Last Updated: January 31, 2024

Same game parlays, or SGPs, are an exciting and potentially profitable betting option that allows you to combine multiple wagers within a single game. They offer a unique opportunity to increase profits by capitalizing on multiple outcomes in a single bet. However, to fully leverage the potential of one-game parlays, it's essential to understand how they work and the factors that influence their outcomes.

In this comprehensive guide, we will take a deep dive into the mechanics of one-game parlays, exploring their benefits and offering insights on maximizing your benefits from these enticing wagers.

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What is a Same Game Parlay?

A same-game parlay is a sports bet that allows bettors to combine multiple wagers within a single game. It is a variation of a traditional parlay bet. Instead of combining bets from different games, same-game parlays allow you to combine different outcomes or propositions within a single game. 

This situation means you can bet on various aspects of the same game, such as the final score, player performances, team statistics, or even specific events occurring during the game.

Single Game Parlays Versus Regular Parlays

When comparing one-game parlays to regular parlays, the main difference focuses on the scope of the wagers. Regular parlays involve combining bets across multiple games or events. For example, you could place a parlay wager on the outcome of multiple NFL games on the same day. In contrast, same-game parlays focus solely on a single game, offering a more concentrated betting experience.

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Why are Same Game Parlays popular with US bettors?

One-game parlays have gained popularity with US bettors for several reasons:

  • Increased Excitement. One game parlays add an extra layer of excitement to the game. Rather than placing a single bet on the outcome, bettors can engage with multiple aspects of the game, keeping them engaged throughout the event.

  • Enhanced Customization. Same game parlays offer a higher degree of customization. Instead of relying solely on traditional betting options like point spreads or moneylines, bettors can explore a wide range of specific game-related outcomes. This customization allows for more strategic and tailored betting decisions.

  • Higher Potential Payouts. One of the main attractions of one game parlays is the potential for higher payouts compared to traditional bets. Since the odds for each selection are combined, the overall odds of a same game parlay are typically higher than those of individual bets. This condition means that if all the selections in your single game parlay hit, you win a larger payout than placing each bet separately.

  • Betting Variety. One-game parlays provide an opportunity to diversify your betting portfolio within a single game. With various options, including player performance, team statistics, or even specific in-game events, bettors can explore different angles and potentially find value in areas they are knowledgeable about.

The value behind Same Game Parlays

The value behind Same Game Parlay picks today stems from the combination of convenience, customization, and potentially higher payouts. Bettors can enjoy a more immersive betting experience by focusing on a single game while diversifying their wagers. 

The ability to create unique bet combinations and the potential for larger payouts make one-game parlays an attractive option for US bettors seeking more engaging and rewarding betting opportunities.

Same game parlays: everything you need to know

How do Same Game Parlays work?

Same-game parlay betting works by allowing bettors to combine multiple wagers within a single game. Due to their rapid rise in popularity, all the best betting apps now offer SGPs.

This is the process needed to make a same game parlay:

  • Selection. Select the match of your choice, such as the best same game parlay NFL, NBA, MLB, or NHL game. Identify the sportsbook or betting platform that offers Same Game Parlays.

  • Game Options. Once you select the game, explore the available betting options specific to that sport. These options can include outcomes like point spreads, moneylines, over/under totals, player props, team props, and more.

The following are some examples of same game parlays in different sports:

NFL Same Game Parlays

Example: Game: New England Patriots vs. Kansas City Chiefs

Selections:

  • Patriots to win the game (moneyline)
  • Total points scored to be over 45.5
  • Patrick Mahomes to throw at least three touchdown passes

NBA Same Game Parlays

Example: Los Angeles Lakers vs. Brooklyn Nets

Selections:

  • Lakers to win the game (moneyline)
  • LeBron James to score over 30.5 points
  • Total points in the game to be under 220.5

MLB Same Game Parlay Picks

Example: New York Yankees vs. Boston Red Sox

Selections:

  • Yankees to win the game (moneyline)
  • Total runs scored to be over 9.5
  • Aaron Judge to hit a home run

NHL Same Game Parlays

Example: Toronto Maple Leafs vs. Montreal Canadiens

Selections:

  • Maple Leafs to win the game (moneyline)
  • Total goals scored to be under 5.5
  • Auston Matthews to score a goal

One-Game Parlays in Other Sports

It's worth noting that the available options for same game parlays may vary depending on the sportsbook or betting platform. Additionally, one-game parlays can be created for other sports as well, such as soccer, tennis, golf, or any other sport with multiple betting markets. The process remains similar: selecting the game, identifying the available betting options, and combining them into a single parlay.

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When creating a same game parlay, you'll typically see the combined odds for all your selections, and the potential payout will be calculated based on those odds. It's important to remember that one game parlays can be riskier than individual bets since all selections must be right for the parlay to be successful.

Best Sportsbooks for Same Game Parlays

The following online sportsbooks are some of the best options you can count on when looking to place one-game parlays.

Bet365

Bet365 is a renowned online sportsbook that delivers a wide range of sports betting selections, including one-game parlays. It is renowned for its user-friendly interface, extensive coverage of sports markets, and competitive odds.

Here's why this sportsbook is one of the best for same-game parlays:

  • Bet365 allows you to create one-game parlays for various sports, including football, basketball, baseball, hockey, soccer, and more.

  • You can combine different outcomes within a single game, such as point spreads, moneylines, totals, and player props.

  • Bet365 displays the combined odds and potential payout for your one game parlay selections before you place your bet.

  • The sportsbook offers live in-play betting, allowing you to create single game parlays during the game itself.

Caesars Sportsbook

Caesars Sportsbook is a popular sports betting platform known for its wide selection of betting markets, promotions, and seamless user experience. It is affiliated with the Caesars Entertainment brand.

You can claim a Caesars Sportsbook promo code to get up to $1,250 back in bet credits if your first bet doesn't win.

Here's why this sportsbook is one of the best for same-game parlays:

  • Caesars Sportsbook provides Same Game Parlays for various sports, including major leagues like NFL, NBA, MLB, and NHL.

  • You can combine different bet types within a single game, such as spreads, moneylines, totals, and player/team props.

  • The platform offers competitive odds and frequently runs promotions specific to single game parlays, such as boosted odds or insurance on parlay losses.

  • Caesar's Sportsbook offers a user-friendly interface for creating and tracking your one-game parlays, making it convenient for bettors.

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BetMGM

BetMGM is a popular sportsbook known for its extensive coverage of sports markets and its user-friendly platform. It delivers a diverse range of betting options and promotions to enhance the betting experience.

Here's why this sportsbook is one of the best for same-game parlays:

  • BetMGM offers same game parlays for various sports, including major leagues like NFL, NBA, MLB and NHL.

  • You can combine different bet types within a single game, such as spreads, moneylines, totals, and player props.

  • BetMGM provides competitive odds and frequently runs one-game parlay-specific promotions, such as free bets or parlay insurance.

  • The platform offers an intuitive interface for creating and managing one-game parlay, allowing you to customize your selections and view the potential payout easily.

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Same game parlays: everything you need to know

Types of Same Game Parlays

Same game parlays are a type of sports bet where you combine multiple wagers within a single game. The exact types of one-game parlays available may vary depending on your sportsbook or platform. Here's a look at the common variations, including the difference between two-leg and three-leg one-game parlays.

Two-Leg Same Game Parlays

A two-leg single-game parlay involves combining two different wagers within a single game. For example, you might bet on the game's outcome (moneyline) and the total points scored (over/under). Both selections must be correct for you to win the one-game parlay.

Three-Leg Same Game Parlays

A three-leg single-game parlay expands on the concept of a two-leg parlay by combining three different wagers within a single game. This bet allows for more betting options and potentially higher payouts. For instance, you could bet on the point spread, the total points scored, and the player to score the first touchdown. All three selections must be right to win the single-game parlay bet.

In addition to these basic two-leg and three-leg single-game parlays, some sportsbooks may offer more complex or specific variations, such as:

  • Player Performance Parlays. These one-game parlays focus on the statistical performance of individual players within a game. You can combine player-related wagers like player points, assists, rebounds, or other relevant statistics.

  • Prop Bet Parlays. Prop bets focus on specific events or outcomes within a game that don't necessarily affect the final result. Single-game parlays can include prop bets like the first side to score, the number of three-pointers made, or the number of strikeouts in a baseball game.

  • Alternative Line/Total Parlays. These single game parlays involve betting on alternate point spreads or totals instead of the standard lines offered by sportsbooks. It allows you to modify the lines to your preference and combine them into a parlay.

Same Game Parlay Strategies

When considering single-game parlay strategy, the following tactics can come in handy:

  • Research and Analysis. Before placing a one-game parlay, it's crucial to research and analyze the game, teams, players, and relevant statistics. Consider factors like recent form, injuries, matchups, and historical performance. Doing your homework will help you make better selections for your parlay.

  • Focus on Synergy. Look for wagers that have a logical connection or synergy within the game. For example, if you believe a certain team will win, it might also make sense to include a player prop bet on a key player from that team.

  • Manage Complexity. As the number of legs in a single-game parlay increases, the complexity and difficulty of winning also increase. Start with simpler one-game parlays and gradually progress to more legs as you gain experience and confidence.

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Same Game Parlay Payouts

Payouts for one-game parlays can vary significantly based on the number of legs, the odds of each selection, and your sportsbook. Same-game parlays generally offer higher potential payouts compared to individual bets due to the combined nature of the wagers. However, the increased payout potential comes with a higher risk, as all selections must be correct to win the parlay.

It's important to note that sportsbooks often have maximum payout limits for single-game parlays, which can restrict the potential winnings on a given bet. So, ensure you know such limits when placing one-game parlay bets.

Issues to Consider Including Risk

Keeping the following issues in mind is vital to ensure risk minimization:

  • Increased Risk. Single game parlays involve higher risk than individual bets since all selections must be correct to win. The more legs you add to your one game parlays, the more challenging it becomes to win. Even if most of your selections are correct, a single incorrect pick will lose the entire parlay.

  • Lower Probability. The more legs you include in a one-game parlay, the lower the overall probability of winning. It's essential to assess the likelihood of each selection and consider the overall probability of the entire parlay hitting.

  • Betting Limits. Sportsbooks often impose betting limits on same-game parlays, restricting the amount you can wager on a single parlay. Be aware of these limits and ensure they align with your betting strategy.

  • Avoid Overconfidence. While one game parlays offer enticing payouts, avoiding overconfidence and understanding the inherent risks is crucial. Proper bankroll management and responsible betting are essential to mitigate potential losses.

  • Shop Around. Different sportsbooks may offer different odds and payouts for the same single-game parlays. It's advisable to compare odds and payouts across multiple platforms to find the best value for your wagers.

  • Remember to consider your strategy carefully before placing a single-game parlay bet. Taking the time to research your bets is pivotal to ensure your success.

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The Math Behind Single Game Parlays

Determining the mathematical calculations for single game parlays involves understanding how the odds of individual bets within the parlay are combined to calculate the overall parlay odds and potential payouts. Let's break down the calculations step by step:

Converting Odds to Implied Probabilities

To begin with, convert the odds of each individual bet into their corresponding implied probabilities. Implied probability represents the likelihood of an event occurring based on the given odds. 

The formula for converting odds into implied probability depends on the format of the odds:

  • American Odds. For positive American odds (e.g., +200), the implied probability can be calculated using the formula: Implied Probability = 100 / (Odds + 100). For negative American odds (e.g., -150), the implied probability can be calculated using the formula: Implied Probability = Odds / (Odds – 100).

  • Decimal Odds. The implied probability for decimal odds (e.g., 2.50) is simply the reciprocal of the odds. Implied Probability = 1 / Decimal Odds.

  • Fractional Odds. The implied probability calculation for fractional odds involves (e.g., 3/1), dividing the denominator and the numerator's sum. Implied Probability = Denominator / (Numerator + Denominator).

Calculating Parlay Probability

You multiply each selection's implied probabilities to determine the probability of the entire parlay winning. For example, suppose you have a three-leg parlay with implied probabilities of 0.6, 0.4, and 0.7 for each leg. In that case, respectively, you multiply them together: Parlay Probability = 0.6 * 0.4 * 0.7.

Converting Parlay Probability to Odds

Once you have the parlay probability, you can convert it back into odds. This calculation can be done using the following formula: Parlay Odds = 1 / Parlay Probability – 1.

Calculating Potential Payouts

It's important to note that different sportsbooks may use slightly different methods to calculate parlay odds and payouts. Some sportsbooks may offer pre-calculated parlay odds and payouts based on your selections. In contrast, others may provide a parlay calculator for you to input the odds and calculate the potential payouts yourself.

Keep in mind that these calculations represent the theoretical probabilities and payouts. Actual payouts may be subject to sportsbook rules, maximum payout limits, and potential adjustments based on the specific circumstances of the game or event.

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Putting It All Together

In conclusion, single-game parlays can be an enticing and potentially lucrative betting option for sports enthusiasts. However, to maximize your probability of a successful outcome, it is crucial to plan your parlays carefully, considering the strategies outlined in this article. Thorough research, analysis of relevant factors, and focus on the synergy between selections are key elements to making informed choices.

Remember, responsible bankroll management is essential when engaging in any form of sports betting. Avoid overconfidence and assess the risks associated with each parlay carefully. While single game parlays can offer enticing payouts but involve increased complexity and risk compared to individual bets.

By planning your parlays strategically, considering the provided strategies, and understanding the rules and limitations of each sportsbook, you can enhance your chances of enjoying successful and rewarding single-game parlay experiences.

Erik Gibbs

Erik is a dynamic and seasoned journalist with a passion for all things sports and sports betting. With a career spanning over two decades, he has become a prominent figure in the world of sports journalism, admired for his insightful analysis and engaging storytelling.