What Is A Close Call Parlay? - What are Close Call Parlays? - SportsBetting21.com

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Close Call Parlay Bet

Bet Type: Exotic

In Brief: Close Call Parlays allow bettors to collect a reduced payout for a regular Parlay Bet that misses by one matchup or bet.

Have you ever come oh-so-close to winning a parlay, perhaps missing an astronomical payout by just one bet? In other words, have you bet a 5 team parlay and got 4 of the 5 bets correct but still lost? At most sportsbooks, this is a "tough luck, but you still lose" situation. Remember, every element of a regular parlay bet must win in order to collect a payout. That's why winning a multiple bet or matchup parlay is hard to do and provides successful bettors with huge cash rewards.

Let's introduce you to the "close call parlay bet", a wager that will payout if you come within one bet of winning a regular parlay. Many sportsbooks offer these special parlays as promotions or consolation prizes for customers that regularly bet big parlays and lose. For example, if you bet a 6 team parlay and only pick 5 of the 6 matchups correctly, you'll still win a reduced payout amount according to the sportsbook's close call parlay card. Likewise, if you bet a 4 team parlay and only hit 3 out of 4 of your bets correctly, you'll still be able to win a smaller amount of money.

Before you start making all sorts of risky parlay bets that could "almost" win and provide you with a solid payout, it's important to note that these wagers come with special terms and conditions. For example, most sportsbooks require at least a 4 bet or more parlay in order to qualify for a close call parlay win. As a result, a 2 team parlay that misses by one correct pick will NOT payout. In addition, sometimes sportsbooks will limit close call parlays to more risky wagers, opposed to bets that are easier to win. This essentially makes the prospect of winning outright or by a "close call" remote, and therefore the sportsbook will still collect your losing bet.

The following is a sample close call parlay payout card:

• 8 of 9 pays 4-1. A $50 losing parlay returns $200.
• 7 of 8 pays 3-1. A $50 losing parlay returns $150.
• 6 of 7 pays 2-1. A $50 losing parlay returns $100.
• 5 of 6 pays 1-1. A $50 losing parlay returns $50.

Terms and Conditions: Only available on football and basketball 1st half, 2nd half and full game wagers against the spread and totals. Money lines and proposition bets are excluded. Parlays with pushes not eligible for this promo. Original stake is not refunded. This parlay will not be automatically paid out by our system. You must claim your winnings within 48 hours from when the parlay is graded. To claim your winnings, contact our Customer Service Department. Maximum payout $200. The sportsbook reserves the right to refuse this promotion to anyone at any time. If your account shows a lifetime profit (Deposits withdrawals account balance = any negative number), you will not be eligible for this promotion. Only those accounts that currently have a positive lifetime number are eligible for this promotion.

As you can see, close call parlay bets come with several restrictions, the most important one being the limitation on qualifying bet types. Also, under the example sportsbook's rules above, you would have to email the sportsbook and request your close call parlay win personally: in this case, the sportsbook's system will NOT automatically credit your account with close call parlay winnings. Finally, if you're a sharp bettor, you're excluded altogether. The last thing a sportsbook wants to promote is an easy wager for wiseguys to win.

Treat close call parlays like regular parlays: long shot bets that are meant for fun, not for profit. Always bear in mind you sportsbook's repective terms and conditions, making sure that you are eligible to win a close call parlay bet before you actually make the wager. Above all, make sure you check the sportsbook's lines and odds on a matchup before making any sort of parlay bet. In instances where odds are ignored, you might doom yourself to a losing bet before the game starts.

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