Big Parlay Wins
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The bettor placed the $95 dollar parlay on Friday night, with the bet slip loaded with college football and NFL point spreads. When all 12 picks hit, the bettor walked away with a cool $285,000, one of the biggest wins ever recorded on any parlay. Double Trouble for sportsbook. An unidentified online gambler managed two big parlay card wins on Friday and Saturday. The savvy bettor utilized everything from the NBA to the NFL to European basketball leagues to hit his first parlay card. On his second card, he bet on seven Friday NBA games. He spent a total of $1,600 and turned it into $171,272. Beginner’s Luck. An admittedly novice gambler, Tayla Polia would quickly get her name in the. Nov 19, 2019 On Nov. 7, a $20,000 four-team parlay hit for $33,481. And then on Nov. 17, he won $326,000. A spokesperson for William Hill confirmed that all four big parlay bets were made by the same bettor and Patz showed The Action Network proof of his wagers. I’ve hit a few parlays. Biggest was $3300 on a 7 team all baseball parlay betting $50. It was surprisingly stress free. Every game was a blowout except for one. My total in parlay winnings is probably close to $6k with maybe $1k in losses. So still very ahead in winnings.
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Some people just have all the luck.
Case in point: Ben Patz.
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The 23-year-old bettor and college kid has run into a string of luck that netted him $672,000 on four parlays in the last three weeks, according to Action Network.
He wasn’t done winning ridiculous amounts of money as this weekend he kept the good times flowing.
Check out his recent wins as well as past wins:
“Last month, Patz hit a $1,800, 15-leg parlay for $239,000. This weekend, he hit a $7,000 13-leg parlay and won $333,000 when the New England Patriots beat the Philadelphia Eagles.
When Patz turned 18 he says he opened an account offshore and bet $90 on Floyd Mayweather to beat Manny Pacquiao. He says he developed a big bankroll, took a break while in France for a year-and-a-half and came back and eventually lost it all.
About three years ago, he says he won a 12-team parlay and netted about $75,000, but it was on an illegal offshore site and only managed to get $12,000 out.
But it’s only recently that Patz landed on the radar of the sports betting world.
On Oct. 14, Patz says he bet $19,000 on the Packers moneyline. Green Bay won by one in regulation on a Mason Crosby field goal as time expired. “It really made me think about it,” Patz said. “Teams aren’t trying to cover, they are trying to win. And so it got me more comfortable with the moneyline.”
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That’s when the run started.
On Oct. 27, Patz won $239,000. On Nov. 1, his $25,000 three-team parlay netted him $47,000. On Nov. 7, a $20,000 four-team parlay hit for $53,000. And then on Nov. 17, he won $333,000.”
Patz states that the bankroll that he has comes all from him and he’s not some trust fund baby.
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He also spoke about his losses as well, losing $45k on a 3-team parlay after the Trail Blazers lost a big lead to the injury riddled Golden State Warriors. The following day, he lost $30K on a 7-team parlay when Alabama lost to Penn 81-80.
“No Curry, no Draymond, no Klay, no D’Angelo,” Patz said. “Got beat by the G-League Warriors.”
“Alabama got fouled with two seconds left, down by one” Patz recalled. “Its best player missed two free throws and the Tide lost.”
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What is a Parlay Bet?
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A parlay is a sports bet in which you combine multiple individual bets. You must win the entire combination of bets or you lose. It’s that simple.
To choose a parlay wager, you first select at least two standard wagers you like. It could include bets against the spread, moneyline wagers, or the over/under. The more bets you make for your parlay, the more you can win. But there’s always a caveat. Once you start getting into four or higher team parlays, they become extremely difficult to win.
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What makes parlays so difficult is you have to win 100% of your games. Whereas, with regular bets against the spread, for example, you only need to win around 60 percent to turn a profit. Parlays can sometimes be frustrating because you could conceivably run pretty hot and still lose. We’ve had some parlay losers where we actually won around 70 percent of the games.
But there’s certainly a ton of upside and some great benefits to betting parlays as opposed to just straight wagers. If all you’re doing is betting individual games against the spread, you’re limiting how much you can win. A $110 bet typically only pays a $100 profit, which really isn’t that great.
Sure, if you’re really good at betting the spread or over/unders and you get in enough volume, you’ll make a nice living. You still won’t make as much if you become skilled at betting parlays, however. The profit potential on parlays is much higher.