I've won some good amount with paylay in sports betting in the past but when I start doing it in a regular basis, it seems my overall return is negative.
So my question, do you bet on parlay and why?, and what's the biggest odds you've won so far?
In my opinion it is an option or an alternative and not an effective strategy, the reason I chose to parlay is because just to get the big odds and the parlay is an alternative for me and the parlay is totally ineffective because you have to win all bets. If you are looking for effective strategies, I would prefer to bet single with intermediate odds.
I don't think single bets are actually effective, parlays do need all the wins, but it's better to keep the level of parlay on level 2 only. I myself like parlay in betting and trading, with 2x wins then returning to level 1, I think it's safer and easier. And it's not too risky like compensation strategies.