Two Team Betting Strategies

This will probably be my shortest and most simple post because with two teams you really only have two options, a 2-team parlay or bet on each. Now lets assume in all of these strategies that you are equally confident in all teams, therefore you should dispense your money equally on all of them. For example, if you had 3 teams you liked equally and wanted to bet on one individually and two in a parlay then you should put $33.33 on the single team and $66.67 in the parlay. So in a two team betting strategy you should always have $50 on each team (assuming our $100 standard). Now the question becomes when do you parlay the two and when do you bet on them separately? The answer, as always, comes down to winning percentage.

From our reference in the post before, 2-game parlays have a break even point of 52.7%. Since it is a parlay if you are below the break even point then you are losing worse than if you bet individually. Therefore, if you are below 52.7% you shouldn't parlay the two.

However there is a point where the 2-game parlay does become more profitable. Now like the 3-game parlay example in my first post, there are a certain amount of outcomes that can happen. One outcome of winning both, two outcomes of splitting, and one outcome of losing both.

Straight bet:
Win both= $91
Lose both= -$100
Win one, lose one= -$4.5

Parlay:
Win= $260
Lose= -$100

Approximately 53.06% is the point where you would be making the same on both bets (about an average of $1.33 or $1.34 per bet)

So in conclusion:

If you're winning percentage is below 53.06% make the bets separately
If you're winning percentage is above 53.06% parlay (if you meet all the criteria I mentioned in the first article)