College Football Parlay Betting Strategies

College football bettors and sportsbooks both love parlays. For bettors, parlays offer the chance at huge payouts on small wagers.

Meanwhile, sportsbooks know that these wagers are not likely to hit. But with the right strategies in place, bettors can take advantage of parlay betting and turn a nice profit in college football.

Finding Correlated Parlays

With so many different teams in college football, every week features matchups between two teams that clash in styles. These matchups provide excellent opportunities to parlay a side and a total that will in all likelihood go hand in hand.

Take for example the difference between the smash-mouth Stanford Cardinal and the up-tempo Oregon Ducks. In a battle between these two teams, bettors that like Stanford and the points would be wise to parlay Stanford with the UNDER.

The reason for this is that bettors know that the Cardinal offense can't keep up with Oregon's offense. If Oregon's offense has a big day, Stanford isn't likely to cover the spread as an underdog. On the other hand, if Stanford does cover the spread, it will likely be due to a strong defensive performance; which would lead to a cash on the UNDER.

This particular correlated parlay has worked well in recent years. Stanford scored outright upsets in both 2012 and 2013 by scores of 17-14 and 26-20, sending both games comfortably UNDER the total. In 2015, Oregon won 45-16 as a 7-point favorite, illustrating the point that a Stanford bet was doomed in this scenario anyway.

Splitting Up Your Parlays

One way to get more mileage out of your parlay betting is to split your favorite games up into smaller parlays.

For example, let's say you like Oregon, Alabama, Tulsa and Texas this week. Instead of betting a four-team parlay, you could break these four plays up into four three-teamers; Oregon + Alabama + Tulsa, Oregon + Tulsa + Texas, Oregon + Alabama + Texas and Alabama + Texas + Tulsa.

This way, if you go 3-1 you turn a small profit instead of seeing a four-team parlay go up in smoke. Going 4-0 would pay less than the four-teamer would have, but it would still score you a very nice cash.