Same-game parlay
What does "Same-game parlay" mean in sports betting?
A same-game parlay (SGP) is a parlay where every leg comes from the same game, such as a team winning plus its quarterback throwing for a lot of yards.
Legs in the same game are often connected: if a team blows out its opponent, its best players probably had big games too. Sportsbooks know this and price the correlation into the ticket, so an SGP usually pays less than multiplying the legs' separate odds would suggest.
Sportsbooks generally keep a larger share of the money bet on parlays than on straight bets. SGPs can be fun at small stakes, but they aren't a shortcut around the math.
Example
You combine Team A moneyline with Team A's running back over 70.5 rushing yards. Those outcomes tend to happen together, so the book prices the pair lower than the two legs would pay as separate bets in a regular parlay.
Related terms
Vig (juice)
The vig, also called juice or the hold, is the commission a sportsbook builds into its prices so it profits no matter which side wins.
Parlay
A parlay combines two or more bets into one ticket. Every leg has to win, and the payout is the odds of each leg multiplied together.
Player prop
A player prop is a bet on an individual player's stat line, such as passing yards, points, rebounds, strikeouts or shots on goal, rather than on the game result.
Expected value (EV)
Expected value (EV) is the average amount a bet would win or lose per play if you could make it many times. Positive EV (+EV) means the price is better than the true chance.
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