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Parlays
(US Sports)
A parlay is a single bet that links together
anywhere from 2 to 10 individual plays.
The parlay can be comprised of a series
of bets on a team, over/under bets, or
any mixture of the two. For the parlay
to be a winning wager, every one of its
individual plays must win. If any of the
individual plays is not a winner, then
the entire parlay wager loses.
If, however, one of
the individual plays is a "push," then
the parlay is still on for the remaining
plays. A three play parlay would become
a two play parlay; a two play parlay would
become a straight bet, with corresponding
reductions of the payoff.
Why wager on a parlay
and not make several individual bets?
The payouts for parlays are significantly
higher than for individual bets. But remember,
since every one of the individual plays
must win, it's an all-or-nothing bet.
If you win two out of three plays, the
parlay still loses, whereas you would
have won those two plays as individual
straight bets. You are given better odds
because predicting the outcomes of several
plays together is significantly more difficult
than predicting any individual play.
You cannot parlay circled
games.
These are the risk/win
odds for parlay (Football & Basketball)
bets:
| All
Winners |
All
Losers |
| 2 team |
13/5 |
-- |
| 3 team |
6/1 |
-- |
| 4 team: |
10/1 |
-- |
| 5 team |
20/1 |
-- |
| 6 team |
40/1 |
Even |
| 7 team |
75/1 |
2/1 |
| 8 team |
150/1 |
5/1 |
| 9 team |
250/1 |
10/1 |
| 10 team |
400/1 |
15/1 |
Even Losers are
Winners!
Parlays are a great way to bet and now
betmaker.com has made it even more interesting!
Bet a 6-team parlay or more and if every
one of your picks loses - YOU
WIN!!!
Let's put the theory
into action:
| Example:
Dave
has $250 available in
his account and would
like to make a three play
parlay. On the Betting
Lines page, he would select
"parlay," enter the amount
he would like to wager,
$50 in this instance,
then select the individual
plays that will make up
his parlay. $50 is deducted
from his account. His
balance now reads $200
available, $50 at risk.
When he's done making
his selections, the page
might look like this:
Amount
of wager $50
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|
Outcome
I
Say the results of
the two games were the following:
| |
| Baltimore |
25 |
| New
Orleans |
20 |
|
The first play wins: Miami, the underdog,
won the game. They either had to win the
game outright or lose by less than 7 for
this play to be a winner.
The second play wins:
the sum of the Miami and Atlanta's final
scores was 37. Any total of 35 or higher
would have made this play a winner.
The third play wins:
Baltimore beat New Orleans by 5 points,
thus covering the point spread of 3.5.
Baltimore had to win the game by 4 points
or more for this play to be a winner.
Since all three of
the plays were winners, the parlay wager
wins. The payoff odds for a three play
parlay are 1/6. Thus Dave's $50 bet returns
$300. Unlike straight bets, in which the
original bet is returned to the bettor
if he or she wins, parlay payouts include
the original wager. $300 is deposited
to Dave's account. His balance now reads
$500 available, $0 at risk.
Outcome II
Say the results of
the same two games were instead:
| |
| Baltimore |
24 |
| New
Orleans |
20 |
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Dave's first play wins:
Miami, the underdog, won the game. They
either had to win the game outright or
lose by less that 7 for this play to be
a winner.
The second play loses:
the sum of Miami and Atlanta's final scores
was 27. Any total of 33 or below loses.
The third play wins:
Baltimore won by 4 points, thus covering
the point spread of 3.5. Baltimore had
to win by 4 points or more for this play
to be a winner.
Since the second play
was not a winner, the parlay bet loses.
No money is returned. His balance now
reads: $200 available, $0 at risk.
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