CFL Parlay of the Week

For our CFL Parlay of the Week our resident football experts pick out a parlay bet we believe has the best chance of being a winner for the next round of games. Here is this week’s selection:

A parlay bet is when you place a sports bet using multiple selections (this is known as an accumulator in some countries).

Parlay bets can be placed using one selected sport or league or can be placed on one competition.

That means you can place a CFL parlay bet during the regular season and the playoffs as long as you can make at least two selections.

Parlay betting is a popular form of betting because it allows you an opportunity to make big wins from small stakes due to the enhanced risk involved.

If, for example, you make three selections in your bet, you will need all three to be a winner for you bet to be successful.

The main CFL betting markets that are available for every game in the Canadian Football League and feature in our CFL Parlay tips are Moneyline, spread and over / under total points.

Money Line - The money line is betting on which team will win the game. Ties are rare in the CFL, with teams going to overtime if the score is tied at the end of regulation. As a result the moneyline is a two-way market in which you bet on one team to win, and it includes overtime. 

Spread - The spread market is more also known as a handicap. Bookmakers will assign one team a positive (+) or negative (-) spread, line or handicap depending on favoritism for the game, and the bettor bets to cover the line.

Let’s use a CFL game between the Hamilton Tiger-Cats and the Ottawa Redblacks as an example. If the Redblacks start with a +7.5 point spread and you bet on the Redblacks in this market, they need to win the game or lose by less than 8 points in order for your bet to win.

On the other side of the coin, the Tiger-Cats would be assigned a -7.5 point spread meaning they would need to win by 8 or more points in order for your bet on Hamilton to be a winner.

Over / Under Total Points - This CFL betting market allows bettors to bet on the total amount of points scored in a game by both teams. The sportsbook will set a line, let’s say 50.5 points and you can bet on the total points scored by both teams going over or under that total.