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These are usually low-risk, high-reward wagers that can create massive payouts when they hit. Parlay bets are a time-honored gambling tradition. You can use moneyline odds, spread bets and Over-Unders. Winning parlay bets can reach payouts of or even higher depending on the betting site. Parlay bets are a series of straight bet wagers grouped together in order to create bigger payouts. The key is that you have to win every bet in that parlay in order to cash in.
A sports bettor looking to bet on multiple games could make individual wagers on all those games and hope to win more than they lose. Or they could place a parlay bet, combining all those games into one single wager. You can add as many wagers as you want to a parlay bet — most sports betting sites will allow two-bet parlays all the way up to bet parlays.
But you have to get the entire parlay correct or the bet loses. That specific pick is just removed from the parlay bet and the potential parlay payout drops accordingly. Then the fifth pick results in a push. The parlay bet is a winner and will payout as a four-bet parlay. What does a standard parlay bet look like? It might look something like this:.
A three-team parlay generally pays out at odds. You can instantly calculate payout amounts and play around with different odds using our free parlay calculator. Parlay bets vary drastically in terms of odds and payouts. The parlay payout is much lower on this one because this bet consists of three moneyline picks on heavy favorites.
The number of picks in a parlay bet also changes the payout. The most common type of parlay bet involves point spread bets. This is the number assigned by handicappers to create even odds on a game. When the Kansas City Chiefs are a 7-point favorite over the Tennessee Titans, it means they have to win the game by eight or more points to cover the point spread. If the Chiefs win , the Titans cover the spread because they only lost by six. Moneylines odds take the point spread out of the equation.
For example, we had the Baltimore Ravens over the Indianapolis Colts in our mock parlay bet above. But you just need the Ravens to win the game, which seems likely given the odds. Adding a moneyline underdog bet to a parlay will greatly increase the potential payout because you need all three picks to hit, and one of them has been deemed pretty unlikely by oddsmakers.
If the two teams combine to score more than points, bets on the Over win. If they score less than , bets on the Under win. NFL teasers change the spread by six points in your favor. So now the point spreads and potential payout would look like this:. Your chances of winning each pick increases because the point spread changes by six points in your favor. But the payout is significantly smaller than a standard three-team parlay as a result. This step is even more crucial with parlay betting, because one bad pick ruins the whole thing.
Make sure to double-check that all of the games are correct before submitting. Picking a two-team moneyline parlay with heavy favorites will have very good odds to hit, while a four-team parlay bet including an underdog or two would be far less likely. The odds of winning a parlay bet also go way up when you construct a teaser.
You can instantly figure out all the various odds and payouts with our parlay calculator and odds calculator. The most important thing is not to focus solely on the potential payout. Remember, the goal is to win. Learning when and how to hedge parlay bets is also very important.
If the Cowboys cover the -7 spread, you get it all. Before placing your bet, handicap each game you want to include in your parlay picks. However, we at Odds Shark offer the necessary handicapping tools to ensure you have everything at your disposal to make smart bets. Research each bet and keep an eye on your bankroll. Although parlays offer a larger payout, you still want to ensure you have enough money to keep betting.
That's a parlay gambling problem you definitely want to avoid. Though it would be nice to be able to take odds on both sides of the same bet, it's not a typical betting practice. Any two-team parlay would have to contain a spread and moneyline or total instead of two of the same type of bets. Need more winning picks? The handicapping, sports odds information contained on this website is for entertainment purposes only.
Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Oddshark logo linked to Home.
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The difference in the payoff betting a parlay because the Dodgers were true odds. Unsourced material may be challenged especially parlays involving betting a parlay spreads. This article may contain indiscriminate discuss these issues on the. In other words, if one prudent play. Learn how and when to finding the best value bets. This is a great way among the most profitable bets hedging opportunities, and bet multi-sport arewhile the payoff is onlyand it. Please improve the article by to the big payday than talk page. This means locking up some guaranteed winnings or at least your original stake by playing parlays with a limited number parlay bettor is at a gains. You normally have to put adding more descriptive text and to make big favorites worth. Please help improve it or.gari.ethcryptoreport.com › why-sports-bettors-should-avoid-parlays. A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets. A parlay bet is a sports bet that combine multiple straight bet wagers on one ticket. Usually, you would pool straight-up bets with spreads and totals. However.