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Parlay cards let you make parlay bets into worse odds than you can get off the board. “If they’re worse odds, Ed,” you might ask, “why would we want to bet them?” The reason as I mentioned in passing earlier in the article is that the lines get printed once and don’t change. Football parlay cards, for example, are often printed on Tuesdays and the lines stay put through the end of the week. If news comes out between Tuesday and game day, or if the market just moves a lot on a game, you can often find a few +EV bets on the card despite the worse payout odds. Prop bets are bets you can make on game and individual statistics. Bets like, “Will team X score more points in the first or second half?” or “Will player Y score over or under 19.5 points?” For the most part, parlay bets are dealt as straight bets (i.e., parlays are not allowed). But sometimes you can find parlay cards with prop bets on them. The thing about props is they tend to be correlated with one another. That is, if one bet wins, another is also likely to win. For instance if you were to bet over 300 yards on a quarterback in a football game then betting over 100 yards on his top receiver would be correlated.
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