MLB parlays

It’s a tough pill to swallow when you lose a wager. After 2/3rds of our bet hit last week, we lost on the final leg. We’re back with another chance to win big though for the final free MLB parlay of June!

Oakland Athletics @ New York Yankees

June 27 @ 7:05 P.M. (EST), Yankee Stadium

To open our free MLB parlay, we’re looking at Oakland visiting the Bronx Bombers. New York are the best team in baseball and are one of the hottest squads in the sport currently.

As for the Athletics, they own the worst record in the American League and are already on the brink of their season being a wash. One reason Oakland are struggling this season is their offense. The A’s own the worst batting average in the league and are also the second-lowest scoring team. Their only saving grace at the dish is that they are mid-tier when it comes to striking out. The A’s rank 12th in total K’s, so they are making contact at the plate at least.

This leads me to my free MLB pick for this contest. I think taking the Yankees Run Line offers better value than taking New York straight up. Starting pitching is an interesting battle as both Paul Blackburn (OAK) and Jordan Montgomery (NYY) have stellar numbers.

New York’s offense heavily outmatches Oakland’s. Sprinkle in the defensive metrics of New York and I think the Yankees cover the Run Line. There isn’t much of a saving grace for Oakland (other than Blackburn on the mound) which is why I like this bet.

We’re adding the New York Run Line -1.5 (-145) for the opening leg of our free BetPicks parlay.

Miami Marlins @ St. Louis Cardinals

June 27 @ 7:45 P.M. (EST), Busch Stadium

If you’re a fan of St. Louis Cardinals baseball, you’re well aware that their bullpen has been atrocious recently. With no way to close out a game after their starters exit, it’s been a struggle for the birds of Missouri.

One reason I bring this up is that I think the Cardinals’ (lack of) bullpen will be a factor in total runs. And for this expert MLB prediction, we’re focusing on total runs when the Marlins visit the Cardinals.

Miami and St. Louis are two of the highest-scoring teams in baseball. With a relatively low over/under total, I think it makes perfect sense to hammer the over.

Pablo Lopez (MIA) and Adam Wainwright (STL) have great numbers but the combination of two high-powered offenses and a potential breakdown in the pen leads me to believe the over will cash for this game.

Let’s hammer total runs. We’re taking total runs over 7.5 (-115) for the second leg of this parlay.

Texas Rangers @ Kansas City Royals

June 20 @ 8:10 P.M. (EST), Kauffman Stadium

To end our free MLB parlay, we’re taking a look at the Rangers and Royals. Simply put, we need a win from the favorite Rangers in this contest.

I feel like we’re picking on Kansas City Royals’ SP Kris Bubic. It seems that every time we write about the Royals, he is on the mound. With that being said, his numbers aren’t great so I think it’s perfect he gets the nod against Texas. Martin Perez has been dominant for the Rangers this season and I think the Royals will struggle at the plate in this contest.

The Royals employ one of the worst offenses in the sport and going against Perez won’t do them any favors. Opposite of Kansas City, Texas hitters are mashing as their core is one of the league leaders in home runs.

I think all signs point to a Texas victory in this one. The Rangers win the offensive battle and I believe they also win the battle on the mound. I think it makes sense to back Texas.

To close out our free MLB parlay, we’re looking at the Texas Rangers Moneyline (-135).

What is MLB Parlay Betting?

Major League Baseball is one of the most popular American sporting leagues, and the sport garners a lot of attention from Canadian bettors. If you’ve spent a lot of time betting on sports, then you’ve probably come across this exciting form of betting. If you’re unfamiliar with parlays, then we’re here to explain MLB picks and parlays and what they’re all about.

Parlay bets allow you to combine multiple bet picks into one multi-legged wager and benefit from higher, multiplied odds. MLB picks and parlays are placed only on games within Major League Baseball.

The pitfall of MLB picks and parlays is that they’re not easy to get right. For a parlay bet to succeed, all leg bet picks need to hit, or the total bet collapses. Ensuring that you know everything you can about the game, the types of bets you can include, and how to build a strong parlay, is imperative.

How to Bet on MLB Picks and Parlays?

The trick to MLB picks and parlay betting is to know how to build them successfully. Identifying a few key guidelines for your bets before you start will set you on the path to a winning combination.

One of the first factors you should consider is how many legs you are comfortable betting, remembering that the more legs you have in the parlay, the greater the chance of the whole thing bombing out.

The second factor to consider is which types of bets you include in your parlay. Choosing bets that tie together is a good idea; for example, if bet A hits, then it makes it more likely that bet B will too and so on. Let’s take a look at some types of MLB parlays.

MLB Straight-up Win Parlays

Just as it sounds, this bet combines betting legs on winning outcomes of multiple games. Also referred to as Moneyline bets, make your picks for the winners of the next few matches, and if they win, enjoy the spoils of multiplied odds.

A Straight-up win parlay based on three outright winners at 2:1 odds, 3:1 odds and 2.2:1 odds would resemble this:

Bet Bet Type Odds
Team A Moneyline 2.0
Team B Moneyline 3.0
Team C Moneyline 2.2
Total Odds 13.2
Total Stake CA$10.00
Est. Total Profit CA$132.00

MLB Overs/Unders Parlay Bet

In an Overs/Unders Parlay, you’re betting that the score of your chosen games will either be over or under a predetermined score. An overs/unders parlay would look like this:

Bet Bet Type Odds
Over 10
(Team A vs. Team B)
Over/Under 1.5
Over 15
(Team C vs. Team D)
Over/Under 3.6
Over 20
(Team E vs. Team F)
Over/Under 2.4
Total Odds 12.96
Total Stake CA$100
Est. Total Profit CA$1,296.00

MLB Runline Bets

In any other sport a runline bet is referred to as a spread. Your bet is placed on a certain team to win or lose by a specific margin.

Games Bet Type Odds
Team A
(Win by 5)
Runline 3.00
Team B
(Win by 3)
Runline 1.92
Team C
(Lose by 5)
Runline 4.03
Total Odds 23.21
Total Stake CA$100
Est. Total Profit CA$2,321.28

MLB Parlay Odds

Parlay odds are calculated by multiplying the decimal odds on each leg bet together. If you have American odds, you’ll need to convert them to decimal format before you can calculate your parlay odds; here’s what you’ll do:

  • Negative value odds: If you have American form odds at -250, then it means that to win CA$100, you’ll need to bet CA$250, for a total payout of CA$350. Your decimal odds can be worked out by dividing the final payout by the stake: 250/100 = 2.5.
  • Positive value odds: With positive American odds of +320, your initial stake of CA$100 can win you CA$320, for a total of CA$420. Dividing the total payout by the initial stake will get your decimal odds – 420/100 = 4.2.

Once you have calculated your decimal odds for each parlay leg, multiply them to calculate your overall MLB parlay odds.

Best MLB Parlay Betting Markets

Baseball scores are notoriously volatile, and a team that scored 12 runs in one game can completely tank in the next. Choosing the kinds of bets you include in your parlay wisely can make the difference between winning and losing. The main MLB parlay markets are over/unders, moneyline, and run-line bets.

  • If you’re a novice at parlays and don’t have much experience with MLB betting, then it’s a good idea to stick with simple, 50/50 type bets with either/or options like an over/under or Moneyline bet. Try to research recent performance to gather as much info as possible before placing your parlay.
  • More experienced MLB Parlay bettors can place parlays with a mixture of betting markets and niched options that require a deeper knowledge of the game, the teams and players.

MLB Parlay betting tips and strategies

No matter the type of bets you’re making, having a few rules and strategies in place to keep you on track and prevent rash decisions is always a good idea. Here are some tips I find useful when placing MLB Parlays.

  • Combine favourites – Single bets on favourites offer very little reward as the odds are reduced. Combining favourites into a parlay will make the payout much more attractive while keeping your risk low.
  • Don’t be tempted by crazy odds – If insanely large odds are offered on a bet, then chances are the team is a proper underdog, and your chances of winning are minuscule. Including a bet like this in your parlay could collapse the parlay barring an extreme upset.
  • Don’t overcomplicate your bet – The more legs, the more working parts that can fail and bomb your parlay. I’ve found three or four legs to be manageable and safest.
  • Look for the best odds and boosts – Place your MLB parlays with the bookie offering the best odds or find one giving you odds boosts. We’ve found this strategy to be very successful in raising the payout on an otherwise low-paying bet.

How to build an MLB parlay betting strategy?

If you’re anything like us, your mind overanalyzes things to the point where you become confused or unsure of your bets. We’ve found that having a parlay betting strategy helps prevent this and stops me from making last-minute changes and bad decisions.

You may prefer to shoot from the hip and choose favourites on the day, but we’ve found it very useful to research the teams and their recent performance before making any MLB picks and parlays. As MLB is so volatile and streaks play such a big role in the outcomes, over strategizing can be detrimental, so try to find a good balance.

Once you’ve done your research and made your picks, place the MLB parlay and leave it. You’ll avoid last-minute changes and panic betting by doing this.

MLB Parlay Calculator

To calculate your parlay payouts, you simply multiply your stake by the parlay odds. The parlay odds are worked out by multiplying the individual odds of each leg. For example:

Leg 1 – 4.0
Leg 2 – 2.2
Leg 3 – 3.1

Parlay odds = 4.0 x 2.20 x 3.1 = 27.28
Parlay Payout = CA$100 x 27.28 = CA$2,728
Profit = CA$2,728 – CA$100 = CA$2,628

If you’re not up for calculating your odds using the above mentioned method, then many bookmakers offer a handy parlay odds calculator that will do all the heavy lifting for you. All you need to do is enter your odds from each leg of the bet and the stake, and you’ll get a projected payout if all bets hit.

Statistics to Look At

Your bookmaker will provide some top picks and tips to help you build your MLB parlays; some will even have a section for the best MLB parlay picks for today. They will also provide a lot of game, team and player stats to help inform your picks. When strategizing, some things to consider are starting pitching stats, bullpen stats, offence, and streaks. Including these stats in your decision-making process will allow you to get a complete picture of how the teams have been performing recently and place bets that are more likely to win.

FAQs

  • What should I include in a parlay?

    While you can have anywhere from two to 10-12 legs in a parlay, we recommend keeping it between two and four.

  • Can I make same-game MLB Parlays in Canada?

    Yes, same-game parlays were legalized in Canada in August of 2021.

  • What markets can I include in an MLB parlay?

    You can use diverse markets to build a parlay; the most popular ones for MLB parlays are over/unders, moneyline, and run-lines.

  • Are Parlays worth it?

    While Parlays do carry more risk, they also offer higher payouts. You can make parlay betting worthwhile by using strategy to build strong bets.

  • How do parlays have such high odds?

    Parlay odds are worked out by multiplying the individual leg bet odds together. This increases the size of the odds dramatically.

Conclusion

Parlays can be risky bets to make because of how easily one failed leg can tank the whole bet. But considering the potential reward from the multiplied odds, the risk is often worth taking. Doing proper research so you can be confident in your bets goes a long way to mitigate that risk. You can check out our website for the best free picks and parlays in MLB.

have always wanted to be a writer and sports are my favorite thing in the world, so I combined the two to make a career. I have been a long-time gambler and sports betting writer that isn't afraid to look at the underdog or specials. I am covering the NHL, MLB and NCAA Football for BetPicks.ca and am a huge fan of both sports - as well as many others. Follow me on Twitter (@Patrick_Trudeau) so we can talk betting, sports, or why ketchup DOES belong on Poutine.

All Reviews by Patrick Trudeau

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