How do books adjust exposure to parlays?

[hazliam]

Like if you put a straight bet $100 on some off market item on bookmaker, you probably move the line 1 cent one way. So lines are always adjusting base on demand.

But how does that work with parlay? If I put a $1,000 5 team parlay that happens simultaneously? Do they adjust each team by say $200 straight bet value or something?

And some books I notice, they don’t bother moving their lines even after a max bet.

 

[Chip Williams]

But how does that work with parlay? If I put a $1,000 5 team parlay that happens simultaneously? Do they adjust each team by say $200 straight bet value or something?

If you are making regular $1,000 5 team parlays all that will happen is you might get a fruit basket and some gift cards. Lines will not be adjusted on individual straight bets due those bets being parlayed together.

 

[Bettor Days]

Do you bet a lot of parlays or were you using an example?

 

[hazliam]

If you are making regular $1,000 5 team parlays all that will happen is you might get a fruit basket and some gift cards. Lines will not be adjusted on individual straight bets due those bets being parlayed together.

You be surprise how light of a bet is needed to move some non main lines.

 

[hazliam]

Do you bet a lot of parlays or were you using an example?

Just an example. I am more of a straight bet, because I think you lose point bonus value on parlays.

 

[hazliam]

If you are making regular $1,000 5 team parlays all that will happen is you might get a fruit basket and some gift cards. Lines will not be adjusted on individual straight bets due those bets being parlayed together.

But was thinking did the line move on the Draymond prop bet where lots of people used parlay to overcome the betting limits.

 

[BobbyFK]

@chilidog might be able to answer this one?

 

[chilidog]

It's all automated based on what kind of exposure the book is willing to take on.

Books do have trader(s) who lay off action on other books/exchanges, but line movements are done automatically at the majority of books.

So your answer is: it depends on the book.

The book I worked at was risk-averse, but line movement was based on what risk level the software assigned you based on how often you beat the closing line (had nothing to do with your win/loss record or how much you were up/down). So a bettor that was classed as high-risk (because his bets beat the closing line more often than not) would result in lines being moved all the time, while a bettor that pretty much just stuck to NFL or EPL and was classified as low risk could barely move a line even if he wanted to (and we'd let him bet as much as he wanted to).