PARLAYS
Parlay bets are very popular in sports gambling, A parlay offers a way to link together a number of individual wagers.
The parlay bet wins if every one of the individual wagers win. If any single wager loses, the entire parlay bet is lost. If any single wager is a push, the parlay bet is still good, it just reverts down to the next level. So, for example, a four team parlay bet would become a three team parlay (and the payoff would be reduced accordingly).
People bet parlays to get higher payouts. Since each individual wager must win, it is a more difficult bet and the payouts are higher than if you had simply kept the individual wagers as separate bets.
Let's look at an example of an NFL football parlay bet. You want to make a 3 team NFL football parlay bet for $100 with the following game picks: San Francisco -7, Miami +3, NY Giants -10
A three team parlay would typically pay 6 to 1. So, if all your picks are correct, you would win $600. If even one pick is incorrect, you lose the entire parlay bet.
Some typical parlay payouts are listed below. Be aware that different sportsbooks do offer different parlay payouts.
Now, a caution on parlay bets. They are a lot of fun, but they are usually not your best bet. The house tends to have a little more juice for itself built into the payouts, particularly at the higher multiple parlay bets. From a professional betting standpoint, you are better off making straight wagers. But, again, they are a lot of fun and one of the more popular football wagers. Just don't make them your primary wagers.
Typical Parlay Payouts
2 Teams 13/5, 3 Teams 6/1, 4 Teams 11/1, 5 Teams 20/1, 6 Teams 40/1, 7 Teams 75/1, 8 Teams 150/1, 9 Teams 300/1 10 Teams 700/1
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PARLAY CALCULATOR
Enter the moneyline of your plays (up to 6 teams) into the lines column.
Favorites must have a minus in front of line, such as -110.
Underdogs, just enter the number, such as 160.
Do not enter anything into factor boxes.
Enter the dollar amount of your play in the Bet Box.
Click, calculate parlay to display net win amount.
Total amount returned in case of actually placing a cash bet would
be actual bet amount plus winnings.
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