Explain A Promo # 1 - ESPN’s Parlay Club
A Solid Bankroll Builder
Here are the Basics
Opt-In on the Promo Page!
Place four (4) parlays of $10 or more, each with at least 4 legs, during the promotion period.
Each leg of your parlay must be -500 or longer (e.g., -400, +150).
After placing your four parlays, you’ll receive a $10 Bonus Bet within 72 hours of the promo ending, win or lose.
Note: They changed the terms and the Bonus Bet can only be used on any Parlay or Parlay+ wager. Not as fun, but still valuable.
My Approach
Now, let’s dive into how I like to tackle this promo. The key to maximizing your potential winnings while minimizing risk is all about balancing your parlay legs just right. Here’s my go-to strategy:
Target Odds: I aim to land my parlays between +300 and +500. This range tends to hit a sweet spot where the reward is worth the risk, without getting too greedy.
Bet Structure: I spread out my bets by placing four $10 parlays, typically one per day. This way, I give myself multiple chances to score a win over the course of the promo.
Building the Parlay:
First Leg: I start with a play between -110 and -130. This is usually a pick I like from a math and read perspective. This is the hardest to find. Typically when I find one during the week, I’ll whip up a parlay club play rather than intentionally going to build one.
Second Leg: I add another leg with odds in the -150 to -200 range. It’s safer but still helps boost the overall odds.
Final Two Legs: I round it out with two “safe” legs, typically between -250-500. These are my security picks—legs that aren’t too risky but help inch the total odds up into my target range.
Finding the Right Markets
Choosing the right markets is crucial, especially for those safer legs. Here’s where I typically start looking:
- WNBA: Halftime/full-time bets on heavy favorites usually fall under that -500 limit, making them solid options.
- Soccer: Double chance markets are great for finding safe picks that still add value to your parlay.
- Baseball: Alternate strikeout totals or hit markets often offer better odds compared to other books like FanDuel.
- Basketball: Alternate player props, particularly when compared to DraftKings, can be lucrative.
- Football: I haven’t tried this promo during football season yet, but I’m excited to see what’s out there.
- UFC: Money lines here can be surprisingly good if you know the fighters well.
Understanding the Expected Value
When you pick the right legs and convert your free bets efficiently—ideally at a 90-100% rate—this promo can be a great way to build your bankroll.
Let’s break it down: Suppose you put together a parlay with +400 odds, betting $10 to potentially win $40. After placing your four parlays, you’ll receive a $10 Bonus Bet. If you can convert that Bonus Bet into cash at a 90% rate, it’s like betting $7.75 to win $40. Here’s the math: you get $7.75 by taking 25% of the $9 value from a 90% conversion on the $10 Bonus Bet. The 25% factor comes from spreading your bets across four parlays, as required by the promo.
This strategy effectively lowers your risk while still giving you a shot at a solid payout.
If you’re looking to boost your bankroll with promos like this one, I highly recommend giving my approach a try. Start with one pick you feel strongly about in the -100 to -120 range, and then build your parlay from there using the tips I’ve shared above.
Stick around for more tips and strategies as we dive into other promos in this series. Have a day of positive variance!
Good stuff ty