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The Grueling Truth - Where Legends Speak / Betting Guide / Same Game Parlays Meaning Explained with Examples: What is SGP in Betting?

Same Game Parlays Meaning Explained with Examples: What is SGP in Betting?

Publish Date: 04/23/2024
Fact checked by: Mark Lewis

Parlay bets are popular among bettors who want to take the risk at a higher payout for a multiple leg bet. Parlay bets have now recently included same-game parlays. But let’s slow down a little… You may be asking; “what is same game parlay?” And; “what does same game parlay mean?” Well, in a same-game parlay all of the bets need to be from the same game or contest.

If you are new to sports betting, this may all seem very confusing to you. However, don’t panic. In this guide, we discuss everything there is to know about same game parlays, how to bet, where to bet, calculating odds, same game parlay strategy, and much more.

What is a Same Game Parlay?

Traditional parlays have been around for decades. This type of bet involved bettors combining bets from different games into one wager. To win your parlay you would need to get all the legs of your parlay correct.

Same game parlays are much the same, however, now you are only basing your bets on one single game. This could include a moneyline bet on the winning team, over/unders of the total and prop bets on a certain player’s performance in the game. As with traditional parlay bets, all your picks for the same game parlay need to be correct to be able to win.

Depending on which sportsbook you are betting at, same-game parlays can be referred to by a few different names. Make sure you are aware of these terms:

  • One game parlays
  • Single game parlays
  • SGP betting
  • Bet builder

Where Can I Place a Same Game Parlay?

Most reputable online sportsbooks offer SGP sports betting. You definitely need to do your research and find one which offers the best odds and that best caters to your needs. Here are some of the best online sportsbooks available and the terms they use for same game parlay betting.

Sportsbook Term
BetMGM One game parlay
Draftkings SGP, Same game parlay
Fanduel Same game parlay
Betway 1-game parlay
Betrivers Same game parlay, bet builder
Bet365 Same game parlay
Bet Victor Bet builder

Once you have chosen a sportsbook to join, the rest is easy. Follow these few steps to get started.

  1. Head to the official website of the sportsbook and click on the “Sign Up” button.
  2. Fill out the registration form with all the relevant details that are required. This will include your full name, date of birth, address, mobile number, email address and  password
  3. Read the terms and conditions of the welcome bonus you are offered, if you are happy, accept the bonus.
  4. Make your first deposit into your account. Sportsbooks support many different payment options, including some of the top PayPal betting sites.
  5. Check out the odds, markets, and betting types, and start placing your same game parlay bets.
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Example of a Single Game Parlay

There are many different same game parlay bets you can make. We have taken an example of an MLB same game parlay to show you.

Here is a combination bet that you can put together for an MLB game. The game is between the St Louis Cardinals and the Arizona Diamondbacks. You want four particular things to happen for this parlay to be a success.

  • St Louis Cardinals must win
  • The combined score must be more than 7.5 runs.
  • After the first inning, the game must have no score
  • Paul Goldschmidt must hit a home run

If all of the above is correct, then you will win the parlay and receive a payout. Hypothetically, if the odds for this parlay were +2459, a $10 bet would get a profit of $245.90.

How Do You Calculate Same Game Parlay Odds?

There are two factors on which the odds of same game parlays are based. This will include how many different selections are in your parlay and the odds for each of those.

Figuring out the same game parlay meaning and the odds involves doing some math calculations. It’s not a very high grade and is simple if you follow a process. We have taken a $50 wager and provided a step-by-step process for you below.

1- Firstly, you need to convert the American odds for the parlay into decimal odds. This is how it is done.

  • For positive odds use this formula:

(American odds divided by 100) + 1

  • For negative odds use this formula: take the negative symbol away first

(100 divided by American odds) +1

For example: for a two-leg parlay with odds of +130 and -150, the decimal odds would be:

(130 divided by 100) +1 = 2.3

(100 divided by 150) +1 = 1.7

2- Multiply these decimal odds you have just worked out, by each other.

  1. × 1.7 = 3.9

3- You will now take this answer (3.9) and multiply it by your bet of $50.

3.9 × $50 = $159 This is the amount you will receive for the parlay if you win. Note that this amount includes your original bet of $50, so in actual fact, your profit will be $145.

It may seem very complicated now, but once you get the hang of it, it will almost feel like second nature. Remember, there are many different bets you can make at a sportsbooks. Try out different options, including a teaser bet to add some excitement to your betting experience.

Tips for Betting Same Game Parlays

There are many ups and downs to same game parlays. Although they can be fun and exciting and filled with anticipation, they do come with their fair share of losses too. You need to be prepared for anything to happen. Many bettors use a same game parlay strategy to help them. We have provided a few tips that will help you along the way.

Tip 1

Use a parlay calculator to determine whether your odds are long or short

Tip 2

Take the research you have done and make it into a story for that game

Tip 3

Look out for a void in one of the legs – if you have predicted as part of your parlay that Aaron Rodgers will score three passing touchdowns, but he ends up being injured and doesn’t play the game, this leg of your parlay will be voided. Some sportsbooks will void it and refund you, while others will mark it as a loss

Tip 4

Look around for the best and most favorable odds. Odds will vary for the same events at the different sportsbooks. You obviously want to go where the odds are the best

Tip 5

Keep your bets small

Tip 6

Look out for inefficiencies from certain sportsbooks. If something seems off, look into it further. It may be a great place to bet

Risks Involved with Same Game Parlay Betting

When it comes to sports betting, there are always certain risks involved. There is great potential to increase your winnings if you are very confident with your picks. However, these are considered to be high risk wagers.

Same game parlays can be difficult to hit. Sportsbooks also charge a higher vig for same game parlays and therefore have a greater chance of making money. However, with that being said, same game parlays do have their time and place and if you are confident, it is definitely a great opportunity to increase your bankroll.

SGP Betting Conclusion

After reading this guide, you should be able to start placing your same game parlay bets. You will have a good understanding of how a same game parlay works. You can answer the question; “what is SGP in betting?”, and know how to calculate your odds of winning the parlay.

Join a licensed and trusted online sportsbook and start exploring the different bets you can make. Learn about all the different odds and bets you can make, including what is a round robin bet. Give the same game parlay betting a try if you are ready for some risk, fun and excitement, you will not be disappointed.

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FAQs

What is same game parlay? And what does it mean?

Same game parlays are much the same as traditional parlays, except all bets are based on one game.

Can you make more than one parlay bet on the same game?

Depending on the sportsbook you are betting at. Most sportsbooks will allow you to make multiple same game parlays, while some will have restrictions.

Is parlay betting a good idea?

If your bet is successful, the payoff will be great, However, parlay bets can be tricky to predict correctly.

How are same game parlay odds calculated?

 Same game parlay odds involve a few math calculations. Follow the steps in this guide and you won’t have any problems.

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