There are very unique situations where sharp bettors will use parlays, but for the most part they don’t want anything to do with these bets – especially when the parlays involve the point spread and not the money line. The reason for this is simple – the payout on a parlay is less than the risk involved in the parlay, so over the long term there is a negative expectation to the bets. In other words, if you play them long enough you are going to lose money from them. Say, for example, in a cricket tournament you are parlaying three teams. For each game there are two possible outcomes – you can be right or you can be wrong. For all three games, then, there are a total of eight different potential outcomes – you can be right about all three, you can be wrong about all three, you can be right about the first and wrong about the last two, and so on. Of those eight combinations, only one – being right about all three games – will result in a winning parlay bet. Sharp bettors are smart enough that they don’t like to do that. They always bet according to statistics that shows which team has good record against a team. There’s a very good reason why sports books push parlays and teasers so hard – they are licenses to print money for them.
Cricket betting is very good way to earn money for sharp bettors. Casual bettors do not read statistics and place bet so they lose the bet and couldn’t make money.
