Old-school bookmakers just couldn't do that. 'Today's systems have the ability to analyze the data in real time automatically. 'Not only did we not have the technology to automatically adjust prices, we also didn't have the know-how,' said Art Manteris, who ran the sportsbooks at Caesars Palace and the Las Vegas Hilton, among others, during a 40-year bookmaking career in Nevada. Old-school bookmakers, hindered by technology of the times, were afraid that the margins built into their parlay payout odds were not wide enough to account for any correlation. You weren't allowed, for example, to build a parlay on the favorite to cover a big point spread and the score to go over the total from the same game, because of the correlation of both outcomes. Las Vegas sportsbooks refused to accept parlays that included events from one game for decades.

Historically, parlays were required to include bets from multiple games. When the book builds in its margin, the max payout turns out to be less than your actual chances of hitting each of your picks on your parlay. To win the maximum payout, each of the legs on your parlay must be successful. A three-leg parlay, for example, features three picks. Parlays have been a staple of American sports betting for more than 100 years. Not bad for something that sportsbooks in the U.S. Both companies were anticipating even more Super Bowl SGPs this year. At sportsbook PointsBet, 22% of all bets placed on the Super Bowl were SGPs. sportsbooks powered by Kambi, an international sports betting platform provider. In last year's Super Bowl, 31% of bets placed before the game kicked off were same-game parlays at BetRivers, Barstool and other U.S. Same-game parlays, or SGPs, have emerged as not only one of the most popular bets on the board for bettors but also one of the most profitable for bookmakers. The rise of the same-game parlay, America's new favorite way to betĪ new twist on an old bet has taken sports betting in the United States by storm. You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser

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