Correlated Parlays.

[jedi]

New to this sports betting thing still but I asked a question a while back about whether parlays were -EV and the answer was yes EXCEPT for some correlated parlays where you're betting a team and the over/under on the same game.

I THINK (correct me if I'm wrong) the consensus is to bet an underdog and the under, or the favorite and the over. The point being is that if the favorite covers, the over will be likely to hit and vice versa, so if you're inclined on betting the game straight up, you might as well go for the parlay.

Last week I won a parlay picking an underdog and the under. While the underdog won out, the point total came within 2 points of killing me. So, is this type of betting a bad idea? Are there other methods of making these bets?

I'm thinking of combining these types of bets with the bar stool pundit bets next week.