An NFL pick is your building block for parlays. It is that one smart and researched decision you make in an NFL game. A parlay, on the other hand, is when you stack those blocks on top of each other, trying to build a ticket with multiple picks. The higher you build, the bigger the prize if it stays standing, but the more likely it is to topple over with one wrong move.
So, how do you build a strong foundation and maybe, just maybe, hit that huge payout without getting crushed? That is precisely what NXTbetsis going to discuss. We will cover everything from the basics of different picks to the math behind parlays, smart strategies, and the psychological traps to avoid. Let’s get into it!
Basics of NFL Picks
Before you can even think about building that parlay, you have to know your picks. Without solid individual picks, a parlay is just a donation to the sportsbooks.
Types of NFL Picks
Let’s start with the four main groups of NFL betting:
Moneyline: You pick who wins the game. No points, no spreads, just a winner and a loser. If you bet on the Chiefs moneyline and they win, you win.
Point Spread Picks: This is where it gets interesting. The spread is like a handicap the sportsbooks give to the underdog to even things out. If the Packers are favored by −6.5, they don’t just have to win; they have to win by seven or more points for your bet to cash. If you bet on the underdog at +6.5, they can lose by up to 6 points (or win outright), and you still win. It is not about who wins, but by how much.
Totals / Over-Unders: Forget who wins. This is all about points. The sportsbook sets a total number of combined points for the game (e.g., 48.5), and you bet on whether the final score will be over or under that number.
Prop Picks / Player Props: Prop bets are wagers on things that happen within the game, often tied to a single player. For instance, will Patrick Mahomes throw for over 280.5 yards? Or will Christian McCaffrey score a touchdown?
What Makes a Good Pick
A good pick is rarely just a gut feeling. It is you taking your time to analyze and scrutinize data to pick the best out of the lot. The pick entails:
Statistical Analysis: You are looking at recent performance, offense vs. defense matchups (how does their pass rush stack up against that O-line?), key injuries, and even factors like home/away splits, rest, and travel schedules.
Line Movement: This is when the odds or spread change after they are first released. Why does it happen? A star player gets injured, the weather forecast changes, or a ton of money comes in on one side. Watching how the line moves can tell you a story about what the market is thinking.
Picking Strategies & Resources
It never hurts to see what others are thinking. Sites like Pickswise and Picks & Parlays offer expert analysis and consensus picks (which show what percentage of the public is betting on each side). However, you should only use them as a research tool.
But maybe the most essential concept to learn is the difference between public money and sharp money. Public money is from casual bettors who are the fans. Sharp money is from professional bettors who move lines with large wagers. When you see 80% of the bets on one team, but the line moves away from them, that is called reverse line movement. It is a signal that the sharps are on the other side.
Understanding NFL Parlays
Once you make your picks, you can turn them into a parlay or parlays depending on your bankroll. The thing is, there are so many different parlays.
Types of Parlays
Standard Parlays: A standard parlay is just bundling two or more picks from different games into one bet. You could take the Chiefs to cover the spread, the Bills/Dolphins game to go ‘Over’ the total, and the Eagles to win on the moneyline. For the parlay to win, every single one of those things has to happen. If two hit but one misses, the whole ticket loses.
Same-Game Parlays (SGPs): This is where the game has really changed. SGPs let you combine multiple bets from the same matchup. For a Cowboys-Eagles game, you could bet on the Eagles to win, the total to go ‘Over’, and for Dak Prescott to throw for over 250.5 yards. It is like building a story for how you think the game will play out. As Fox Sports explains, you can mix spreads, props, and totals all from one game.
Teasers & Round Robins: These are like parlay cousins. A teaser lets you adjust the point spread or total in your favor, making it easier to win, but it lowers your payout. A Round Robin takes a larger group of picks (for example, three teams) and automatically creates a bunch of smaller parlays from them (in this case, three different 2-team parlays). It is a way to hedge your bets so you don’t lose everything if one pick is wrong.
Odds, Payouts & Risk with Parlays
The odds for each leg get multiplied, which is why the payouts get so huge. A two-team parlay with standard -110 odds pays around +264. A three-teamer pays around +600. That $10 bet suddenly looks a lot more exciting.
But don’t get enticed by the payout. As the payout grows, your chance of winning reduces. According to Wizard of Odds, the actual probability of hitting a 5-leg parlay is just 3.1%. Each leg you add is another point of failure.
What happens if a game ends in a tie or lands exactly on the spread (a push)? For most standard parlays, that leg is simply removed from the bet, and your parlay is recalculated with fewer teams at lower odds. A 4-team parlay becomes a 3-teamer. But be careful with SGPS because some books have different rules.
Parlays vs Straight Picks
Parlays might be fun, but they have a much bigger house edge than straight bets. Sportsbooks make a killing on them. In New Jersey, one report showed the ‘house hold’ on parlays was 24.2% versus just 4.4% on other bets. That is why they are advertised so heavily.
So, are they ever worth it? Yes, but when used sparingly. Use them when you have found multiple picks you believe have real value. Or, use them for fun with a small amount of money you are okay with losing. Just ensure that you keep it small. Two or three legs are manageable. Once you get into 4, 5, or 10-leg territory, you are basically buying a lottery ticket. The odds of failure become too high.
Strategy & Best Practices for Picks & Parlays
The question you should be asking yourself now is whether it is possible to make picks and parlays that are capable of hitting. It comes down to:
Leg Selection
It is so easy to see a popular game and just throw the favorite into your parlay. The problem is that every leg should be a pick you’d be confident making as a straight bet. Do you have a strong reason to believe there is a mismatch? A favorable trend? A key injury? If not, leave it out.
A common strategy is to parlay several heavy moneyline favorites together to get a decent payout. It feels safe, but one shocking upset (and they happen every week in the NFL), and your whole ticket is lost.
Limiting Number of Legs
Every leg you add is another chance for something to go wrong. The more variables you introduce, the more you expose yourself to bad luck. Sticking to 2-3 legs increases your chances of actually cashing a ticket.
Odds Shopping / Line Comparison
You must have accounts at multiple sportsbooks. Why? Because one book might have the Eagles at -3 while another has them at -2.5. One might offer +150 on a prop while another offers +135. These small differences might not seem like much, but in a parlay, they get multiplied and have a massive impact on your payout and long-term profitability.
Using Promos / Bonus Offers
Sportsbooks are always offering “Parlay Boosts” (better odds) or “Parlay Insurance” (get your money back as a bonus bet if one leg loses). These can be valuable! A 25% boost on a 3-leg parlay can turn a good bet into a great one. But always, always read the terms. Are there minimum odds requirements or a max bet limit? Don’t let a promo trick you into making a bad bet.
Bankroll Management & Risk Control
This is the most crucial part of being a sustainable bettor. Your bankroll, if managed well, will go a long way in earning you lots of ACS. A standard rule is to bet 1-5% of your bankroll on any single straight bet. For parlays, because they are so much riskier, you should risk even less. Maybe 0.25% or 0.5%. Never risk a large chunk of your bankroll on a single parlay, no matter how much of a “lock” it feels like.
Sample Picks + Parlay Construction
Let’s put some of this into practice:
Single Pick: Let’s say after research, we love the Ravens -6.5 at home against a struggling offense. We feel their defense is a huge mismatch. A $10 bet at -110 odds wins $9.09.
2-Leg Parlay: Now, let’s add another pick we feel strongly about: Over 47.5 in the Bills/Dolphins game. We combine Ravens -6.5 (-110) and the Over 47.5 (-110). Our odds jump to +264. Now that same $10 bet wins $26.40. Better payout, but now we need two things to go right.
Ambitious 3-Leg SGP: Let’s build a story for one game. Lions at home. We think they’ll win big. So we take: 1) Lions -7.5 (-110), 2) Amon-Ra St. Brown Over 85.5 Receiving Yards (-115), and 3) Jahmyr Gibbs Anytime Touchdown Scorer (+120). The odds might combine to something like +650. Our $10 bet now wins $65. Do you see how the risk and reward scale up?
Real-World Examples / Case Studies
We all dream of the big one. Remember that Thanksgiving when a bettor hit a 13-team parlay, turning $5 into nearly $23,000? It happens. It required every single one of those 13 teams to cover the spread.
But for every one of those, there are a thousand stories of bad beats. Like the guy who lost an 8-team parlay for $11,500 because Altuve got on base, but a pinch-runner scored instead of him. Or the countless tickets that have busted on the final leg because of a meaningless last-second score. That is the reality of parlays.
Tools & Resources to Help with Picks & Parlays
The internet is full of tools that can help you make smarter decisions. They include:
Pick/Prediction Sites
Sites like Pickswise, Picks & Parlays, and BookmakersReview are full of stats, trends, and expert analysis. They are a great starting point for your research, helping you see different angles on a game you might have missed.
Parlay Calculators & Odds Converters
Don’t trust the sportsbook’s betslip to be the only place you see your potential payout. Use a free online parlay calculator. It lets you plug in different odds, add or remove legs, and see instantly how your payout changes. An odds converter is also essential for turning American odds (-110) into decimal odds (1.91) so you can understand the math yourself.
Statistical/Data Resources
To make truly sharp picks, you need good data. Pro Football Reference is like a library for historical stats. Football Outsiders has advanced metrics like DVOA. And don’t forget the basics: keeping up with injury news from sources like ESPN is crucial.
Tools to Monitor Line Movement & Public/Sharp Money
Services like Action Network and VSiN provide data on betting splits – what percentage of bets and money are on each side of a game. Tools like Sports Insights even have alerts for Reverse Line Movement and Steam Moves that signal where sharp money is flowing. These tools give you a direct look into market dynamics.
Common Pitfalls & How to Avoid Them
When it comes toNFL parlay betting, most bettors are bound to make mistakes. But you can remedy that if you avoid:
Overconfidence/Hype Betting
You hit a nice 3-teamer last week, and now you feel like a genius. We have all been there. This is when you are most vulnerable. Overconfidence leads to bigger bets and less research. Stick to your process and your unit size, whether you are on a winning streak or a losing one.
Too Many Legs in Parlays
A 10-leg parlay can be tempting because of those +10000 odds. But the more you add picks to a parlay, the more your chances of losing increase. For any parlay you are serious about, keep it between 2-3 legs.
Ignoring Rule Differences Between Sportsbooks
You assume a push in your SGP will just void the leg, but your book voids the whole ticket. You bet a player prop, and he gets injured in the first quarter – does the bet void or lose? Every book is different. Spend 10 minutes reading the house rules. It could save you from a massive headache.
Poor Bankroll Discipline
This is the number one reason bettors go broke. Not because they are bad at picking games, but because they bet too much when they lose (chasing) or when they win (overconfidence). You have toseparate your emotions from betting.
Elevating Your NFL Picks & Parlay Game with NXTbets
So, what is the bottom line? Thoughtful and well-researched picks are the basis of your parlays. Parlays, on the other hand, can amplify your wins, but they can also amplify your losses. The key to long-term success is weaving them together: a disciplined foundation of straight bets with a strategic sprinkle of parlays. We are asking you to manage the risk while giving yourself a shot at the big score.
NXbets is here to ensure you don’t stray from the goal, which is winning your bets. For reliable predictions on the best picks and parlays, remember tosubscribe to our newsletter.
Frequently Asked Questions (FAQs)
Are same-game parlays allowed everywhere, and do they carry extra restrictions?
Most legal US sportsbooks now offer SGPs, but they are not universal, and availability can depend on your state. They also have extra restrictions, mainly around correlated plays. You often can't parlay a team's moneyline and spread together, and the odds are adjusted to account for how the outcomes relate to each other.
How is payout calculated when combining different odds formats?
The easiest way is to convert all odds formats (American, Fractional) to Decimal odds first. Then, you simply multiply the decimal odds of all the legs together. Finally, multiply that result by your stake to get your total payout. Or, just use a parlay calculator!
What sportsbooks offer the best parlay rules or promotional boosts?
This changes constantly, but sportsbooks like Bet365, BetMGM, and DraftKings are known for offering parlay profit boosts that increase based on the number of legs. FanDuel is often credited with popularizing the SGP and has a very user-friendly interface for it.
Are correlated parlays a good or bad strategy?
It depends! A correlated parlay is when the outcome of one leg makes the outcome of another leg more likely. For example, betting on a quarterback to throw for over 300 yards and his top receiver to have over 100 yards are positively correlated.
In Same-Game Parlays (SGPs), sportsbooks know this and adjust the price accordingly – they charge a correlation tax, so your payout is lower than it would be for two uncorrelated events. However, you can still find value if you believe the correlation is stronger than the sportsbook's pricing suggests, or if you find negative correlations that pay a premium.
Should I ever hedge my final parlay leg?
Hedging is a popular strategy, especially when you are on the final leg of a big parlay. It means placing a bet on the opposite side of your final leg to guarantee a profit, no matter the outcome. For example, if you have a 4-team parlay that will pay $1,100 and the last leg is the underdog at +3.5, you could place a separate, large straight bet on the favorite at -3.5. If your parlay hits, you win big but lose your hedge bet. If the parlay busts, you win the hedge bet and still walk away with a profit.
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Combined NFL Game Picks and Parlay Suggestions
Table of Contents
An NFL pick is your building block for parlays. It is that one smart and researched decision you make in an NFL game. A parlay, on the other hand, is when you stack those blocks on top of each other, trying to build a ticket with multiple picks. The higher you build, the bigger the prize if it stays standing, but the more likely it is to topple over with one wrong move.
So, how do you build a strong foundation and maybe, just maybe, hit that huge payout without getting crushed? That is precisely what NXTbets is going to discuss. We will cover everything from the basics of different picks to the math behind parlays, smart strategies, and the psychological traps to avoid. Let’s get into it!
Basics of NFL Picks
Before you can even think about building that parlay, you have to know your picks. Without solid individual picks, a parlay is just a donation to the sportsbooks.
Types of NFL Picks
Let’s start with the four main groups of NFL betting:
What Makes a Good Pick
A good pick is rarely just a gut feeling. It is you taking your time to analyze and scrutinize data to pick the best out of the lot. The pick entails:
Picking Strategies & Resources
It never hurts to see what others are thinking. Sites like Pickswise and Picks & Parlays offer expert analysis and consensus picks (which show what percentage of the public is betting on each side). However, you should only use them as a research tool.
But maybe the most essential concept to learn is the difference between public money and sharp money. Public money is from casual bettors who are the fans. Sharp money is from professional bettors who move lines with large wagers. When you see 80% of the bets on one team, but the line moves away from them, that is called reverse line movement. It is a signal that the sharps are on the other side.
Understanding NFL Parlays
Once you make your picks, you can turn them into a parlay or parlays depending on your bankroll. The thing is, there are so many different parlays.
Types of Parlays
Odds, Payouts & Risk with Parlays
The odds for each leg get multiplied, which is why the payouts get so huge. A two-team parlay with standard -110 odds pays around +264. A three-teamer pays around +600. That $10 bet suddenly looks a lot more exciting.
But don’t get enticed by the payout. As the payout grows, your chance of winning reduces. According to Wizard of Odds, the actual probability of hitting a 5-leg parlay is just 3.1%. Each leg you add is another point of failure.
What happens if a game ends in a tie or lands exactly on the spread (a push)? For most standard parlays, that leg is simply removed from the bet, and your parlay is recalculated with fewer teams at lower odds. A 4-team parlay becomes a 3-teamer. But be careful with SGPS because some books have different rules.
Parlays vs Straight Picks
Parlays might be fun, but they have a much bigger house edge than straight bets. Sportsbooks make a killing on them. In New Jersey, one report showed the ‘house hold’ on parlays was 24.2% versus just 4.4% on other bets. That is why they are advertised so heavily.
So, are they ever worth it? Yes, but when used sparingly. Use them when you have found multiple picks you believe have real value. Or, use them for fun with a small amount of money you are okay with losing. Just ensure that you keep it small. Two or three legs are manageable. Once you get into 4, 5, or 10-leg territory, you are basically buying a lottery ticket. The odds of failure become too high.
Strategy & Best Practices for Picks & Parlays
The question you should be asking yourself now is whether it is possible to make picks and parlays that are capable of hitting. It comes down to:
Leg Selection
It is so easy to see a popular game and just throw the favorite into your parlay. The problem is that every leg should be a pick you’d be confident making as a straight bet. Do you have a strong reason to believe there is a mismatch? A favorable trend? A key injury? If not, leave it out.
A common strategy is to parlay several heavy moneyline favorites together to get a decent payout. It feels safe, but one shocking upset (and they happen every week in the NFL), and your whole ticket is lost.
Limiting Number of Legs
Every leg you add is another chance for something to go wrong. The more variables you introduce, the more you expose yourself to bad luck. Sticking to 2-3 legs increases your chances of actually cashing a ticket.
Odds Shopping / Line Comparison
You must have accounts at multiple sportsbooks. Why? Because one book might have the Eagles at -3 while another has them at -2.5. One might offer +150 on a prop while another offers +135. These small differences might not seem like much, but in a parlay, they get multiplied and have a massive impact on your payout and long-term profitability.
Using Promos / Bonus Offers
Sportsbooks are always offering “Parlay Boosts” (better odds) or “Parlay Insurance” (get your money back as a bonus bet if one leg loses). These can be valuable! A 25% boost on a 3-leg parlay can turn a good bet into a great one. But always, always read the terms. Are there minimum odds requirements or a max bet limit? Don’t let a promo trick you into making a bad bet.
Bankroll Management & Risk Control
This is the most crucial part of being a sustainable bettor. Your bankroll, if managed well, will go a long way in earning you lots of ACS. A standard rule is to bet 1-5% of your bankroll on any single straight bet. For parlays, because they are so much riskier, you should risk even less. Maybe 0.25% or 0.5%. Never risk a large chunk of your bankroll on a single parlay, no matter how much of a “lock” it feels like.
Sample Picks + Parlay Construction
Let’s put some of this into practice:
Real-World Examples / Case Studies
We all dream of the big one. Remember that Thanksgiving when a bettor hit a 13-team parlay, turning $5 into nearly $23,000? It happens. It required every single one of those 13 teams to cover the spread.
But for every one of those, there are a thousand stories of bad beats. Like the guy who lost an 8-team parlay for $11,500 because Altuve got on base, but a pinch-runner scored instead of him. Or the countless tickets that have busted on the final leg because of a meaningless last-second score. That is the reality of parlays.
Tools & Resources to Help with Picks & Parlays
The internet is full of tools that can help you make smarter decisions. They include:
Pick/Prediction Sites
Sites like Pickswise, Picks & Parlays, and BookmakersReview are full of stats, trends, and expert analysis. They are a great starting point for your research, helping you see different angles on a game you might have missed.
Parlay Calculators & Odds Converters
Don’t trust the sportsbook’s betslip to be the only place you see your potential payout. Use a free online parlay calculator. It lets you plug in different odds, add or remove legs, and see instantly how your payout changes. An odds converter is also essential for turning American odds (-110) into decimal odds (1.91) so you can understand the math yourself.
Statistical/Data Resources
To make truly sharp picks, you need good data. Pro Football Reference is like a library for historical stats. Football Outsiders has advanced metrics like DVOA. And don’t forget the basics: keeping up with injury news from sources like ESPN is crucial.
Tools to Monitor Line Movement & Public/Sharp Money
Services like Action Network and VSiN provide data on betting splits – what percentage of bets and money are on each side of a game. Tools like Sports Insights even have alerts for Reverse Line Movement and Steam Moves that signal where sharp money is flowing. These tools give you a direct look into market dynamics.
Common Pitfalls & How to Avoid Them
When it comes to NFL parlay betting, most bettors are bound to make mistakes. But you can remedy that if you avoid:
Overconfidence/Hype Betting
You hit a nice 3-teamer last week, and now you feel like a genius. We have all been there. This is when you are most vulnerable. Overconfidence leads to bigger bets and less research. Stick to your process and your unit size, whether you are on a winning streak or a losing one.
Too Many Legs in Parlays
A 10-leg parlay can be tempting because of those +10000 odds. But the more you add picks to a parlay, the more your chances of losing increase. For any parlay you are serious about, keep it between 2-3 legs.
Ignoring Rule Differences Between Sportsbooks
You assume a push in your SGP will just void the leg, but your book voids the whole ticket. You bet a player prop, and he gets injured in the first quarter – does the bet void or lose? Every book is different. Spend 10 minutes reading the house rules. It could save you from a massive headache.
Poor Bankroll Discipline
This is the number one reason bettors go broke. Not because they are bad at picking games, but because they bet too much when they lose (chasing) or when they win (overconfidence). You have to separate your emotions from betting.
Elevating Your NFL Picks & Parlay Game with NXTbets
So, what is the bottom line? Thoughtful and well-researched picks are the basis of your parlays. Parlays, on the other hand, can amplify your wins, but they can also amplify your losses. The key to long-term success is weaving them together: a disciplined foundation of straight bets with a strategic sprinkle of parlays. We are asking you to manage the risk while giving yourself a shot at the big score.
NXbets is here to ensure you don’t stray from the goal, which is winning your bets. For reliable predictions on the best picks and parlays, remember to subscribe to our newsletter.
Frequently Asked Questions (FAQs)
Most legal US sportsbooks now offer SGPs, but they are not universal, and availability can depend on your state. They also have extra restrictions, mainly around correlated plays. You often can't parlay a team's moneyline and spread together, and the odds are adjusted to account for how the outcomes relate to each other.
The easiest way is to convert all odds formats (American, Fractional) to Decimal odds first. Then, you simply multiply the decimal odds of all the legs together. Finally, multiply that result by your stake to get your total payout. Or, just use a parlay calculator!
This changes constantly, but sportsbooks like Bet365, BetMGM, and DraftKings are known for offering parlay profit boosts that increase based on the number of legs. FanDuel is often credited with popularizing the SGP and has a very user-friendly interface for it.
It depends! A correlated parlay is when the outcome of one leg makes the outcome of another leg more likely. For example, betting on a quarterback to throw for over 300 yards and his top receiver to have over 100 yards are positively correlated.
In Same-Game Parlays (SGPs), sportsbooks know this and adjust the price accordingly – they charge a correlation tax, so your payout is lower than it would be for two uncorrelated events. However, you can still find value if you believe the correlation is stronger than the sportsbook's pricing suggests, or if you find negative correlations that pay a premium.
Hedging is a popular strategy, especially when you are on the final leg of a big parlay. It means placing a bet on the opposite side of your final leg to guarantee a profit, no matter the outcome. For example, if you have a 4-team parlay that will pay $1,100 and the last leg is the underdog at +3.5, you could place a separate, large straight bet on the favorite at -3.5. If your parlay hits, you win big but lose your hedge bet. If the parlay busts, you win the hedge bet and still walk away with a profit.
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