what is a betting parlay


A parlay is a type of bet where you bet on two or more outcomes to come through and if they do, you win. If any of your selections lose, you lose. What does it mean to parlay something? Bet a little, win a lot. That’s the ideal scenario when it comes to gambling as many bettors dream of hitting it big.


Is a parlay a good bet?

Apr 05, 2022 · A parlay bet simply combines multiple wagers into one bet. It does this by rolling over the winnings from each individual wager into the next leg of the wager. Each “leg” or individual bet in the parlay must win for the parlay to grade as a winner. For example, take last season’s Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers.

What are the odds of hitting a 10 team parlay?

Jan 04, 2022 · A parlay is a special type of bet that involves 2 or more selections. It’s a combo bet that pairs more matches in a single wager that produces bigger payouts. That’s because the difficulty of getting all games right is much higher than what you would get on a single bet.

How to make a parlay bet at a sportsbook?

Feb 08, 2022 · A parlay bet can be defined quite simply. It is a bet made up of a number of smaller bets. A parlay is a way of linking bets together, so they …

How to place a parlay bet?

A parlay combines two or more individual bets grouped requiring all wagers winning to earn a payout. The payout is higher because bettors must win every game on the bet slip. All major sportsbooks offer parlays, and the kinds of markets allowed within those parlays continue to expand. Building a Parlay


How does a parlay bet work?

A parlay in sports betting is when a bettor makes multiple wagers (at least two) and ties them together into the same bet. If any of the bets in the parlay loses, the entire parlay loses. However, if all wagers win, the bettor gets a bigger payout.Feb 8, 2022

What does a $100 3 team parlay pay?

Examples of three-team parlay payouts (for a $100 bet)….3-Team Parlay Payout.OddsPayout (individual bet)ProfitSelection 1: 2.5$250$150Selection 2: 2.0$200$100Selection 3: 2.0$200$100Parlay odds: 10.0$1,000$900

What does a $50 parlay pay?

In a parlay, those odds would turn into +205, which means a $100 bet would pay out $305. If you bet $50 on each of those moneyline odds, the payout would be about $174.

Is a parlay a good bet?

Parlay bets are great because they give bettors a chance to win a ton of money. If you start hammering parlays with the information we’ll provide, you’ll have a lot of success. To place a parlay bet, you need to understand what the market is on a sportsbook.Nov 18, 2021

Has anyone ever hit a 10 team parlay?

Talk about sweating out the last leg of a parlay. One gambler wagered $500 on a 10-team parlay in Week 4 of the NFL season. The payout was more than $126,000 and came down to the Los Angeles Chargers giving up three points in Monday’s game against the Las Vegas Raiders.Oct 4, 2021

What are the odds on a 12 team parlay?

12-Team Parlay Worth Over $40K Rests on Cowboys vs….Potential 12-Team Parlay Card.TeamOddsResultBuffalo Bills-330WNew Orleans Saints+130WCincinnati Bengals+126WTennessee Titans-220W8 more rows•Sep 27, 2021

What does a $100 4 team parlay pay?

Then in the wager amount enter 100. Once you hit calculate the payout should display 1149.21. This means that your $100 4-team parlay on those teams should earn you $1,149.21 when it hits!

How much money would you win if you bet $100?

So if the bet is -100 and you won, the payout would be $200 for a profit of $100.

What are 8 to 1 odds?

The odds and what they meanOddsPayoff range6-1$14.00-$15.907-1$16.00-$17.908-1$18.00-$19.909-1$20.00-$21.9022 more rows

How hard is it to hit a parlay?

A three-team parlay usually pays 6-to-1 if you win, but a bettor needs to win all three games. Going 2-1 on those three games is just a loss for a bettor. You’ll see stories of 12-team parlays with more than 300-to-1 odds hitting, turning a small bet into a small fortune, but they’re hard.Nov 17, 2021

What are the odds of hitting a parlay?

Profitability of parlays in sports bettingNumber of individual betsCorrect odds at 50%Correct odds of winning parlay at 55%415 to 19.9 to 1531 to 118.9 to 1663 to 135.1 to 17127 to 164.7 to 16 more rows

Is it better to straight bet or parlay?

There’s nothing wrong with placing a parlay or teaser bet every once in a while for fun. But bettors should never make parlays and teasers a daily habit or common routine. You are assuming massive risk and playing right into the sportsbooks hands. Instead, stick to flat betting.Apr 5, 2020

How to bet parlay?

Placing a parlay bet at online bookies in 2022 is easy. As soon as you add a minimum of 2-3 selections, the system will instantly build the parlay…

How to calculate parlay odds?

While you can use a calculator to learn how much your parlay might pay, it’s best to let the betting site do it for you. The system will calculate…

How to win sports betting parlays?

No formula will help you win on betting parlays all the time. The best approach would be to pick up online parlay betting tips and strategies. That…

What does a $100 3 team parlay pay?

It depends on the odds. Multiply the odds between themselves and your stake to get the possible return.

Is a 2-team parlay a good bet?

If the odds are good, we see no reason to avoid placing a 2-team parlay. However, the best parlays include more selections.

What is an example of a parlay bet?

Here’s an example of a simple 3-team parlay: you put $100 on the Mariners at +150, Bulls at +100, and Nets at +205. If all 3 teams win, your $100 b…

How does a parlay bet work?

A parlay bet is a combination of individual wagers that combine into one single bet. All legs of a parlay must win for the parlay to also win.

What does a +200 moneyline mean?

A +200 moneyline means that a bettor who places $100 down would win $200 (plus their original $100 bet back) if that +200 underdog wins the game or…

How does a parlay bet payout?

A parlay bet pays out according to the specific singular odds of each leg. There are no set odds for a parlay, but sportsbooks will update the pote…

What happens if one of your bet ties or pushes?

At most sportsbooks, parlay bets that push or tie are simply tossed out and the parlay is recalculated without it. So, if you push a game in a four…

What is a 3-leg parlay?

A three-leg parlay is a parlay that consists of three bets. To win the parlay, bettors must win each individual leg.

What Is a Parlay Bet?

A parlay is a special type of bet that involves 2 or more selections. It’s a combo bet that pairs more matches in a single wager that produces bigger payouts. That’s because the difficulty of getting all games right is much higher than what you would get on a single bet.

How do Parlays Work?

Parlays are riskier than single bets, but they are more exciting. While they give bookies an edge compared to regular wagers, some of the biggest wins in the history of sports betting have been parlays. Parlay payouts can be your bet thousands of times, but only if all the selections are successful.

Types of Parlays

Parlays come in many shapes and sizes. That’s why bettors love them so much. Almost any bet type can be added to a parlay, including teasers, round-robin bets, point spreads, moneylines, and totals. Most bettors usually go for the longest payout with many games tied together on a slip.

Downsides of Parlay Betting

The most obvious downside to parlay bets is that it’s a risky investment. There’s no specific formula on how to win parlays – you need to predict all selections correctly for your slip to win. Also, there’s no particular strategy that can increase your winning odds.

Upsides of Parlays

The massive payouts are the reason why parlay bets are so hot. Both beginners and high rollers are attracted to online parlay betting sites as they offer a small fortune if you get lucky. Plus, considering the risk of parlays, everyone gets to brag about their big win if it occurs.

Parlay Cards

If you’re ever placed a parlay bet at your favorite online bookmaker, you’ve surely come across a parlay card. What is a parlay card? Bookmakers offer special, pre-published cards that give bettors a chance to bet on a parlay right away.

How Do Parlays Work In Sports Betting?

A parlay combines two or more individual bets grouped requiring all wagers winning to earn a payout. The payout is higher because bettors must win every game on the bet slip. All major sportsbooks offer parlays, and the kinds of markets allowed within those parlays continue to expand.

Building a Parlay

Parlays can be built in hundreds of different ways. They can include multiple sports, as few as two bets or more than a dozen, and recently can include multiple bets from the same game. Sportsbooks will let you know what can be included in a parlay and build out the real-time odds as you add selections to your bet slip.

Winning A Parlay

Winning a parlay is as simple as it gets. All legs of the parlay must be successful to earn a payout. There really is no gray area. The only caveat is if one or more of the legs push, that bet is taken out of the parlay and the parlay is readjusted based on the remaining bets.

Understanding Parlay Odds

Because sportsbooks have different odds for just about every single bet, that means that the odds calculated when building a parlay are also different. Bettors will want to ensure they shop around with the parlay they’re trying to build to maximize the best odds for a larger payout.


A parlay payout is based on the number of single bets you’re parlaying and those individual odds. They vary greatly depending on those factors. A three-team parlay consisting of three -200 favorites would have parlay odds of +237. Another three-team parlay with three +150 odds would have parlay odds of +1460.

Types of Parlays

Because oddsmakers continue to increase the types of straight bets that can be included in parlays, various possible combinations have exploded at online sportsbooks. You’ll likely come across different variations of parlays during your betting experience, but here we’ll touch on the most common forms of parlays and what goes into each.

Parlay Cards

A parlay card is featured in physical sportsbooks. Rather than a bet slip populating at online casinos, parlay cards list games and their corresponding point spread, total, and moneyline bets. Bettors punch a hole next to the games they want to combine. They take the parlay card to a cashier to place their bet.

What is a parlay bet?

A parlay bet is a sports bet that combines multiple straight bet wagers on one ticket. Usually, you would pool straight-up bets with spreads and totals. However, you can have multiple versions of the same bet as long as it’s on different games.

What is a parlay in sports betting?

What Does Parlay Mean? At your sportsbook of choice, parlays may be called accumulators, combo bets or multi wagers – a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together.

How do NFL parlays work?

That’s just how parlay bets work. You can make NFL parlays or combine different bets from various sports. For example, you could make a straight-up bet on a baseball game, coupled with a basketball point spread bet.

Why do sportsbooks love parlays?

Sportsbooks love parlays because they force bettors to be perfect, which can be hard to do. But, that doesn’t mean you should avoid parlays altogether. Before placing your bet, handicap each game you want to include in your parlay picks. The odds of winning a parlay can be tricky if you don’t do your due diligence.

What is the first bet on the Saints?

For the first bet, you take the Saints to cover since they have a history of working well against the spread (ATS). For the second bet, you pick the Patriots to win the game straight up. For the third bet, you believe the total number of points scored will be at least 48 so you take the OVER.

Is a teaser the same as a parlay?

Often, these bets are confused for parlays, however, they are not the same. Teasers are wagers in which you can move the point spread in your favor. The only similarity these bets have to parlays is that you can select the number of teams (minimum of two teams and maximum of 15) to tease.

Is a three game spread a loser?

If you place a three-game point spread parlay and are only right on two of them, the parlay ticket is a loser. If you have spreads and totals on your card, you’re looking at more than just teams winning, so be mindful of team reports and betting trends.

What is a Parlay Bet?

A parlay bet, also known as an accumulator, is a kind of sports betting where you combine two or more individual picks into one bet. It is a widely popular betting option for punters across the globe as it gives you a chance to win big payouts with the minimum risk involved.

How Parlay Betting Works

Parlay bets give you the opportunity for greater payouts, but also bring much more risk along. You have no room for a mistake there as every single bet in the parlay needs to be a winner for it to be a winning parlay. If you place a seven-fold parlay and successfully predict six picks, you’d still get nothing if the remaining one lets you down.

Example on a Parlay Bet Wager

Placing various bets into one parlay significantly increases your total odds as you’d bet much more money hitting a four-fold parlay rather than placing four separate single bets individually. Here is our parlay which includes the most popular US sports.

Placing a Parlay Bet

The principle is identical to regular single bets. You click on the odds for the preferred betting option to add it to the bet slip (usually on the right side of the main page or the app). Let’s say you added five picks. The sportsbook will then give you the option to place them as singles or in a parlay.

Parlay Betting Payouts

This is the type of betting both punters and sportsbooks love. Punters like it because of having an opportunity to get rich overnight, while the sports betting operators prefer it as such a scenario is highly unlikely to happen as it is very tough to predict several bets successfully at once.

What is a parlay bet?

A parlay bet allows you to add multiple selections into one bet. To win, all of the outcomes need to go your way, but you will get better odds, reflective of the combined odds of your selections.

What are the benefits of parlays?

Better odds. If you’re confident in your picks, then combining them can get you a larger payout. To use the Baltimore-Jacksonville example from before, betting $100 on those two games individually would net you $181.82 if you won both bets. On a parlay, you’d win nearly $80 more.

How to make a parlay bet

Most online sportsbooks make it pretty easy to make a parlay. If you select multiple bets, an option for a parlay will usually show up in your betslip, which on most books is on the right-hand side of the screen. You also may see options for teasers, round robins or other kinds of bets.

How to calculate a parlay payout

The sportsbook will usually show you the odds. There are also parlay calculators you can find on the internet. Calculating it manually is possible, but time-consuming and usually unnecessary.

What happens if a game is cancelled in a parlay?

Firstly, we’d recommend checking the rules at your specific sportsbook. But generally, if one game is cancelled, the parlay will be reduced to the next number of teams. This also applies if a game ends in a tie or a push.

What are Parlays in Sports Betting?

In sports betting, parlays combine multiple sides (or legs) into the same wager in exchange for enhanced odds on the bet.

What are the Pros and Cons of Parlay Bets?

There are plenty of reasons to try parlay sports betting. Consider the following positives to trying your hand at these types of bets:

How to Bet Parlays Online in Iowa

Parlays are high-risk, high-reward wagers. Even though they allow the bettor to invest a small amount of money, the risk comes from needing every leg to win. The increased reward comes from earning a much larger payout if all selections win than you could if you bet each side individually.

How Do I Calculate Parlay Odds?

If you don’t have a parlay calculator on hand, figuring how much you stand to win is difficult to do. Luckily, this is where online sports betting makes things easy. Add games to a slip and it will calculate potential winning for you, taking the guesswork out of it.

Parlay Betting Strategies and Tips

If the sports schedule allows it, consider parlaying games that don’t all start at the same time. At the least, try to ensure that the final game of your parlay stands alone and starts after the rest.

What is a parlay in sports betting?

Parlays are the Frankenstein’s monster of sports betting. They are wagers that consist of other bets glued together with one another. They are also a high-risk, high-reward opportunity for the daredevil sports bettor. If you are a Colorado resident who feels like kicking things up a notch, make sure you read this guide to parlay betting first.

Why are parlays so risky?

Why parlays are so risky (and well-paid) The escalated source of risk in parlay betting is the fact that a bettor must be completely correct in his or her selections to get paid. Even one mistake causes the entire wager to be lost. Naturally, as you increase the number of legs involved in a parlay, the chance of an incorrect prediction goes up.

What is a teaser in betting?

Quite simply, a teaser allows the bettor to tease, or move, the odds of the bets in a parlay in his or her favor. Teasers are only permitted for point spreads and totals – it wouldn’t really make sense to try and apply a teaser to a moneyline. You must adjust each leg of a teaser by the same number of points.

How many points do you have to move to adjust a teaser?

You must adjust each leg of a teaser by the same number of points. So, if you move one of your selections by five points, all of your selections must move by five. However, the movement will always be in your favor. So, a bet on a favorite might reduce the spread, but a bet on an underdog would increase it.

Is a pleaser better than a parlay?

So, the odds in a pleaser will actually be worse than a standard parlay. However, the associated payout will be higher to compensate for the increased risk. If a parlay just isn’t risky enough for you, a pleaser might be exactly what you’re wanting. Keep an eye out for them.

Can you win a round robin if one parlay fails?

Since they are composed of multiple parlays, it is possible to win a portion of a round robin even if one (or more) of the parlays fails. The different permutations mean that parts of the round robin might not be affected by the doomed parlay. If you’re confused, don’t worry.

Do round robins have perfection?

Almost every parlay requires perfection to pay out, but round robins have no such requirement. Round robins are bets that are combinations of parlays. If parlays were a mathematical concept, round robins would be the next power of exponent to them – the cube to parlays’ square, so to speak.


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