American football, particularly the NFL, is one of the most popular sports in the world for betting, and with Bitcoin entering the mix, cryptocurrency bettors are discovering new ways to add even more excitement to their experience. American football Parlay and accumulator Bitcoin betting, where you combine multiple selections into a single bet for potentially huge payouts, offers a highly anticipated challenge for regular and new Bitcoin bettors.
This GOSUBETTING guide will go over everything you need to know about American football parlay and accumulator Bitcoin betting, from the kinds of bets you can place, the different football terminology, what popular events to keep an eye out for and even how to get started placing your first bet. We’ll also reveal some strategic tips and finish with some helpful frequently asked questions that can further clarify any lingering doubts for newcomers.
What Is a Parlay and Accumulator Bet in American Football?
In American football betting, a parlay bet is when a Bitcoin bettor decides to combine multiple individual bets, known as “legs,” into one bet. To win a parlay, all selections must be correct. The key appeal is the high potential payout, which increases exponentially with the number of legs added.
An accumulator is the UK and European term often used interchangeably with parlay, though accumulators traditionally refer to bets with four or more selections. As an example of a Bitcoin American Football Parlay Bet, let’s say you bet on the following NFL games:
- Leg 1: The Patriots to win against the Dolphins.
- Leg 2: The Chiefs win against the Raiders.
- Leg 3: The 49ers to win against the Seahawks.
If all three of these results are predicted correctly, you win your bet, and your payout is significantly larger than betting on each game individually. However, if even one leg falls through, the entire parlay is lost. This risk-reward balance is what makes parlay betting so exciting.
Different Kinds of Bets Available in American Football Parlay Bitcoin Betting
When betting on American football parlays, you’re not restricted to just picking winners. You can combine various types of bets to form your parlay, giving you more strategic options.
Moneyline Bet
A moneyline bet is a great starting bet to place as it is the easiest kind of bet you can make where you’d bet on which team will win the game outright. There’s no point spread involved, so you’re only concerned with which team will come out on top.
Point Spread Bet
A point spread bet is when one team is given a “handicap” in points to balance the odds. For example, if you bet on the Eagles -3.5, they must win by four or more points for your bet to succeed. You can add point spreads from multiple games into your parlay.
Over/Under (Total Points) Bet
When it comes to Over/Under bets, you’re essentially placing a bet on whether the total number of points that’s scored by both teams will either be over or under a set amount. Adding over/under bets to your parlay can help balance risk, especially if you feel confident about a high- or low-scoring game.
Both Teams to Score (BTTS)
This is a prop bet where you wager whether both teams will score in the game. It’s a common bet in soccer but can also be used in NFL Bitcoin betting parlays. For example, you might bet on a game between the Packers and Bears where both teams score at least one touchdown.
First Touchdown Scorer
In this prop bet, you place your Bitcoin bet on which player will score the first touchdown in a game. It’s a fun bet to include in parlays as it can drastically boost potential payouts.
Winning Margin
This bet gives you an opportunity to predict the margin by which a team will win. For example, you might bet on the Rams to win by 7-12 points. Combining multiple winning margin bets in a parlay increases the payout significantly.
Halftime/Fulltime Bet
With this bet, you’re placing your bet on the result at both halftime and fulltime. For example, you might bet on the Bills to be leading at halftime and to win the game by full time.
Props (Player and Team)
Prop bets can be based on how a specific player is performing or team achievements. For example, you could bet on how many passing yards a quarterback will accumulate or how many touchdowns a running back will score.
Futures Bets
Futures bets give you an opportunity to place your bets on long-term outcomes, such as which team will win the Super Bowl or a particular conference. While not often included in parlays, some sportsbooks allow it.
Teasers
Teasers allow you to adjust the point spread in your favor. For example, in a teaser bet, you can shift the point spread by 6-7 points. While the payout is reduced, it offers more security, which is why some Bitcoin bettors add teasers to their parlays.
Key American Football Terminology for Bitcoin Betting
When you’re placing Bitcoin bets on American football, it’s pretty important that you understand the game’s core terminology to make better bets that you actually understand if you are starting out. Here are 10 key American football terms, not related to betting, but rather to the sport itself. These terms will help you follow games and build successful Bitcoin parlay and accumulator strategies.
Touchdown (TD)
A touchdown is the primary way of scoring in American football. It occurs when a player carries the ball into the opponent’s end zone or catches a pass in the end zone, earning the team 6 points.
Field Goal
A field goal is worth 3 points and is scored by kicking the ball through the opponent’s goalposts. Field goals are usually attempted on 4th down when a team is within kicking range but can’t score a touchdown.
First Down
A first down is achieved when the offensive team advances the ball 10 yards from the line of scrimmage within four plays (downs). If they succeed, they are awarded another set of four downs. The goal is to keep advancing until a touchdown or field goal is scored.
Sack
A sack occurs when the defensive team tackles the quarterback behind the line of scrimmage before he can throw the ball. Sacks are crucial defensive plays that often result in a significant loss of yards.
Interception
An interception occurs when a defensive player catches a pass intended for an offensive player. Interceptions shift the momentum of the game by giving possession of the ball to the defensive team.
Fumble
A fumble happens when a player who has possession of the ball loses control of it, either by being tackled or making a mistake. The opposing team can recover the fumble and take possession.
Extra Point (PAT)
After scoring a touchdown, a team can kick the ball through the goalposts for an additional point. This is called an extra point or point after touchdown (PAT). Alternatively, teams can attempt a two-point conversion by running or passing the ball into the end zone from the 2-yard line.
Safety
A safety occurs when the offensive player with the ball is tackled in their own end zone, awarding 2 points to the defensive team. Safeties are rare but can have a significant impact on the game.
Punt
A punt is when the offensive team kicks the ball to the opposing team on fourth down to push them farther back toward their own end zone. This typically occurs when the offense is too far from field goal range and unlikely to get a first down.
Hail Mary
A Hail Mary is a long pass thrown toward the end zone, typically in desperation at the end of the game or half, in the hopes of scoring a touchdown. While low-percentage, these plays are dramatic and game-changing when successful.
Popular Events to Bet on in American Football
American football is full of high-profile events that provide excellent betting opportunities. Here are some of the biggest events that Bitcoin bettors flock to:
The Super Bowl
As the biggest sporting event in America, the Super Bowl is a prime time for parlay and accumulator Bitcoin bets. Whether you’re betting on the moneyline, point spread, or props like the MVP, this event offers endless betting opportunities.
NFL Playoffs
Leading up to the Super Bowl, the NFL Playoffs are filled with thrilling matchups. Betting parlays on multiple games in the playoffs can yield significant payouts due to the higher stakes and unpredictable outcomes.
NFL Regular Season
The NFL regular season offers 17 weeks of action, with games every Sunday, Monday, and Thursday. Bitcoin bettors love this period for its consistency, with plenty of games to form multi-leg parlay bets every week.
College Football Bowl Season
College football bowl games, especially the College Football Playoff and national championship, are a goldmine for parlay Bitcoin bettors. With numerous games in a short span, bettors can combine multiple outcomes for an exciting parlay bet.
Thanksgiving Day Games
The NFL’s Thanksgiving Day games are always popular. Three games are played back-to-back, giving Bitcoin and crypto bettors a perfect opportunity to combine these matchups into a single parlay bet.
Thursday Night Football
With prime-time matchups every week, Thursday Night Football is a great way to place parlay bets, especially if you plan on betting throughout the weekend.
Monday Night Football
Like Thursday Night Football, Monday Night Football is a stand-alone game that offers you the chance to hedge your weekend bets. Bitcoin bettors often include this game as the final leg in their parlay.
Rivalry Games
When rival teams face off, the stakes are even higher. Parlay bets involving rivalry games often draw a lot of attention, as fans are eager to place some of their Bitcoin bet on the results of these heated matchups.
How to Place Your First Bitcoin Parlay Bet on American Football
If you are ready to get started on your first Bitcoin parlay American football betting experience then this step-by-step guide on how to place your first bet includes everything you need to place your first bet today.
Step 1: Choose a Bitcoin Sportsbook That Suits Your Needs
Start by choosing a sportsbook that accepts Bitcoin. GOSUBETTING recommends reliable platforms with a wide range of Bitcoin betting options for American football. Make sure the sportsbook has competitive odds and offers a good variety of parlay options.
Step 2: Set Up Your Bitcoin Wallet
If you don’t already have one, set up a Bitcoin wallet. There are hot wallets (online) and cold wallets (offline), and each has its pros and cons. Hot wallets are great for quick access, while cold wallets provide enhanced security.
Step 3: Buy Bitcoin
Next, purchase Bitcoin from a trusted exchange like Binance or Coinbase. Once your Bitcoin is in your wallet, you’re ready to deposit it into your sportsbook account.
Step 4: Deposit Bitcoin into Your Sportsbook Account
Go to your chosen GOSUBETTING sportsbook and follow the instructions to deposit Bitcoin. This usually involves copying the sportsbook’s Bitcoin wallet address, pasting it into your wallet, and sending the desired amount.
Step 5: Choose Your Parlay Selections
Now, it’s time to choose your bets. Navigate to the NFL or college football section of the Bitcoin sportsbook and pick your choices. Remember, you can combine different types of bets, such as point spreads, over/under totals, and prop bets.
Step 6: Enter Your Stake and Confirm the Bet
Once you’ve selected your parlay legs, enter the amount of Bitcoin you want to bet with. Review your choices carefully before confirming the bet. If all your legs win, your payout will be much higher than if you placed these bets individually.
Step 7: Monitor Your Bet
Most GOSUBETTING recommended sportsbooks offer live updates, so you can follow the games and monitor the progress of your parlay in real-time. If your sportsbook allows cash-out options, you can sometimes secure a portion of your winnings early, though this reduces the final payout.
American Football Parlay Bitcoin Betting Strategies
While parlay Bitcoin betting offers the chance for large payouts, it’s also riskier than single bets. Here are some strategies to improve your chances of success:
Research Team and Player Performance
Before placing your bets, look into the current form of teams and players. Consider injuries, home-field advantage, and historical performance against specific opponents.
Avoid Too Many Legs
While it’s tempting to stack multiple selections for a massive payout, the more legs you add, the higher the risk. Keep your parlays manageable with 2-4 legs to increase your chances of success.
Combine Safer Bets with Riskier Ones
Balance your parlay by mixing safer bets (like moneyline favorites) with riskier prop bets (like first touchdown scorer). This approach allows you to pursue high payouts while still including more likely outcomes.
Monitor Line Movement
Watch for line movement before the game starts, especially if you are doing betting spreads. Bitcoin sportsbooks adjust their lines based on betting volume and new information, which could give you an edge if you bet at the right time.
Take Advantage of Bitcoin Bonuses
Most of the GOSUBEtting recommended Bitcoin sportsbooks offer deposit bonuses and free bets for new customers. Use these promotions to reduce your risk and stretch your bankroll.
Tips for First-Time American Football Bitcoin Bettors
As a first-time bettor diving into American football parlay and accumulator Bitcoin betting, it’s really important to get started with a solid foundation. While it’s tempting to jump straight into big bets and complex parlays, here are a few key tips to help you make smarter decisions and avoid common pitfalls.
Start with Small Bets
When you’re new to American football parlay and accumulator Bitcoin betting, it’s important to start small. As exciting as big wins might seem, they come with just as much risk. Place small bets while you get a feel for how American football betting works, especially when it comes to parlay and accumulator bets. Bitcoin’s fluctuating value can add another layer of risk, so make sure your bankroll can handle it.
Do Your Research
Before placing your first bet, research the teams, players, and matchups. Understand the strengths and weaknesses of each team. For example, some teams may excel in offense but have a weak defense, which can influence prop bets and totals (over/under). Familiarizing yourself with stats, team form, and injury reports will help you make more informed decisions.
Understand the Different Bet Types
If you’re new to American football Bitcoin betting, there’s a lot more to it than just picking a winner. Get familiar with the kind of bets you have available to you like moneylines, point spreads, totals, and, of course, parlays and accumulators. Each type of bet will offer you a different risk/reward balance, so start by placing simpler bets until you’re more comfortable with how the odds work.
Track Your Bets
It’s easy to get swept up in the excitement of betting, especially when placing multiple bets. Keep a record of your Bitcoin bets, track which bets you’ve made, the amount you bet with, and the result. This will help you monitor your Bitcoin betting bankroll and see which strategies are working. Over time, this practice will help you improve your betting skills and refine your approach.
Take Advantage of Bitcoin Bonuses
As we briefly mentioned before, many of the GOSUBETTING recommended sportsbooks offer bonuses specifically for Bitcoin bettors, like matched deposits, better odds or free bets. These offers are a great way to stretch your Bitcoin bankroll and place more bets without risking additional funds. Always read the terms and conditions to ensure you understand how to unlock these bonuses.
Don’t Chase Losses
It’s quite normal for beginners to try and recoup losses by betting more aggressively after a bad streak. This is known as “chasing losses,” and it’s a risky move. Instead, stick to your strategy and betting budget. Every bettor experiences losses; the key is to stay disciplined and avoid emotional betting.
Understand Bitcoin’s Volatility
Bitcoin’s value can fluctuate dramatically, which means the value of your winnings can change even after the game is over. If you’re concerned about this, consider converting your Bitcoin winnings to a stablecoin (a cryptocurrency that is pegged to a stable currency like USD) after a win. This way, you’ll lock in the value of your winnings and reduce your exposure to Bitcoin’s price swings.
Shop for the Best Odds
Different sportsbooks may offer slightly different odds on the same American football games. Take the time to compare odds across multiple GOSUBETTING recommended sites to ensure you’re getting the best value for your American football parlay and accumulator Bitcoin betting experience. Even a small difference in odds can have a big impact on your overall returns, especially with parlays.
Be Patient
Winning big in American football Bitcoin betting is tempting, but patience is key. Betting should be seen as a long-term strategy rather than a get-rich-quick scheme. Take time to learn the ins and outs of the sport, and don’t feel pressured to place bets on every game. Focus on the matchups and bets that you feel confident about.
Stay Updated on Team News
Before placing a bet, always check for the latest news on team lineups, injuries, and other factors that can influence the game’s outcome. A star player being ruled out can have a big impact on a team’s performance, which might sway you to adjust your bets. Regularly keeping up with updates ensures you don’t miss out on critical information.
GOSUBETTING Conclusion
American football parlay and accumulator Bitcoin betting offers a dynamic, high-reward betting experience for both new and regular bettors. Whether you’re betting on the NFL, NCAA, or special events like the Super Bowl, Bitcoin parlay betting can lift the excitement of every touchdown, turnover, and game-winning field goal. With fast transactions, lower fees, and privacy benefits, Bitcoin is an ideal way to enjoy parlay and accumulator betting. Just remember to manage your Bitcoin betting bankroll properly, research your picks, and have fun with the excitement of multi-leg bets.
FAQs About Parlay and Accumulator Bitcoin Betting on American Football
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What happens if one leg of my parlay is canceled?
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Can I cash out a parlay bet before all games finish?
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How does Bitcoin volatility affect my parlay winnings?
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Can I combine live bets in a parlay?
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Are there limits on how many legs I can add to a parlay?
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Can I include player props in my American football parlay?
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Is Bitcoin parlay betting legal in all states?
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What happens if a game in my parlay goes to overtime?
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Can I bet on NCAA football in a parlay?
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Do I get better odds when betting with Bitcoin?