10.03.2021

## Parlay Payout Odds

A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.

• In order to calculate the parlay payouts, you start by multiplying all of the decimal odds together. 1.91 x 1.91 x 1.91 = 6.967 Then, you take this number and multiply it by your wager which will give you the total amount of money the sportsbook will give back to you.
• A 10-team parlay can make for a huge payout, by the way. A payout of 825 to 1 wouldn’t be unusual for such a bet, but the probability of winning that bet are bigger than that—1023 to 1. Bet \$100 on a 10-parlay, and you’re looking at winnings of \$82,500. This is a profitable parlay for the sportsbook, too, if you look at it statistically.

In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

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A parlay bet is a common way for sports bettors to increase their odds and payoffs. Instead of making multiple, single bets, a parlay bet combines 2 or more bets into one bet. Instead of making multiple, single bets, a parlay bet combines 2 or more bets into one bet. To get the parlay odds for our three-leg wager we now need to multiply these odds together. 3.00 x 3.50 x 1.63 = 17.12. To discover what the American odds for this parlay would be we need to convert it back by multiplying by 100 and then subtracting 100.

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team \$100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking \$100 to win \$91).

### Odds 4 Team Parlay

 If betting a favorite you must enter the line with a minus (-) sign at the beginning. If playing the dog, just enter the price, no + is necessary. Do nothing with the boxes that are not included in your money line parlay (leave '0' in each box, they will not be factored into the parlay). Enter the amount of your wager in the box next to Bet Amount, and click on 'Calculate Parlay'. The amount of a winning parlay wager will appear in the box next to Parlay Payout. Most NFL, NBA and NCAA College games are at -110.

### Parlay Chart

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