Yes, it is possible to make money with MLB parlay betting using the under home run strategy. This strategy involves careful selection of players who are unlikely to hit a home run based on their past performance against specific pitchers and the fact that they are on underdog teams. By creating parlays with two or three of these players, you can manage the odds and increase the likelihood of winning. However, it's important to remember that betting always involves risk, and there are no guarantees of profit.