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Parlays
(Also Known as Multiples or Combos)
Parlays, also known as
Multiples or Combos, are a very exciting way for the sports betting
enthusiast to WIN
VERY LARGE AMOUNTS OF MONEY WITH VERY LIMITED RISK.
Simply put, a parlay is a bet of 2 or more teams (selections) or
propositions in no particular order. All teams wagered on in a parlay
must win. If there is a tie, it reverts down to the next lowest number
for payoff. For 2 team parlays, a tie and win becomes a straight bet
payout.
In general, you may include up to 12 Selections in your parlays, all
sports included. This means that you can make one parlay card with a
combination of all your favorite sports! These wagers can be placed
very easily online at any of our recommended sportsbooks!
Please Note: No parlay
bets will be
accepted where individual "selections" are connected. For example, one
leg of a parlay is for Sampras to beat Henman in the 4th round of
Wimbledon and the second or additional part of the parlay is for
Sampras to win the overall Wimbledon title. The match forms part of the
overall tournament and is therefore 'connected'. In the same way, you
cannot parlay the over of the first half of a football game with the
over of the total game, because the two are 'connected'
Football and Basketball Parlay
Payoffs
|
Selections
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Payout Odds
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2
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13 to 5
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3
|
6 to 1
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4
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11.5 to 1
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5
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22 to 1
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6
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40 to 1
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7
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80 to 1
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8
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150 to 1
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9
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300 to 1
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10
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500 to 1
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11
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1000 to 1
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12
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2000 to 1
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Baseball
(moneyline) Parlay Payoffs
Because of the moneyline used in baseball, there are no set payoffs for
tying a number of teams together in parlays. Payoffs are determined by
a simple formula that changes the moneyline into a decimal number and
combines it with the other lines in the parlay. The first step is to
change the moneyline into a decimal value. Use the chart below for this
purpose.
Values are equivalent to one dollar.
|
-1.05
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=
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.95
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-1.85
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=
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.54
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-1.10
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=
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.91
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-1.90
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=
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.53
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-1.15
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=
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.87
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-1.95
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=
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.51
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-1.20
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=
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.83
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-2.00
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=
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.50
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-1.25
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=
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.80
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-2.10
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=
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.48
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-1.30
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=
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.77
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-2.20
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=
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.45
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-1.35
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=
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.74
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-2.30
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=
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.43
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-1.40
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=
|
.71
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-2.40
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=
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.42
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-1.45
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=
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.69
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-2.50
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=
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.40
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-1.50
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=
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.66
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-2.60
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=
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.38
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-1.55
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=
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.64
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-2.70
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=
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.37
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-1.60
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=
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.62
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-2.80
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=
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.36
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-1.65
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=
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.61
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-3.00
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=
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.33
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-1.70
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=
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.59
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-3.25
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=
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.31
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-1.75
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=
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.57
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-3.50
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=
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.29
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-1.80
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=
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.55
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-4.00
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=
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.25
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How to Figure Baseball Parlays
For each price or odds quote on your teams, look at their respective
payoffs (to $1) and always add $1 to these payoffs.
Multiply your bet times the products of these payoffs (+$1) for your
parlay return.
Example
A Player bet $50 on the Cardinals (-150) parlayed to the Tigers (-130)
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Bet
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Cardinals
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Tigers
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Return
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| |
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(-150)
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(-130)
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|
|
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$50
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X
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1.67
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X
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1.77
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=
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$147.80
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The return includes the $50 bet.
Use the same method for any number of teams.
Example
Bet $75 on the Cubs (+120) to the Reds (-135) to the Mets (Even) for a
3 team parlay
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Bet
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Cubs
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Reds
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Mets
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Return
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| |
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(+120)
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(-135)
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(Even)
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$75
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X
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2.20
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X
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1.74
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X
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2.00
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=
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$574.20
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(1.00 + 1.20)
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(1.00 + .74)
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(1.00 + 1.00)
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The return includes the $75 bet.
Remember to always add $1 to the payoff price to figure all parlays.
Please Note: All
Baseball Side
Parlays are "action." Run Line & Total selections
within your
parlay will be voided should there be a pitching change.
Round Robin Parlays
Most sportsbooks offer Round Robin parlays. A Round Robin is simply a
nickname for parlay wagering on a group of selections (at least three
or more) that are to be included in a combination of individual parlays.
For instance, if a player asked for a $100, three-team Round Robin with
teams A, B, and C, he/she is simply requesting a two-team parlay with
teams A and B, another parlay with teams A and C, and another with
teams B and C, for a total of 3 individual parlays, each for $100. The
total amount risked would be $300.
Round Robins get more complex as the number of teams increases. A
four-team Round Robin "by twos" for $100 would mean that the bettor
wants four teams to be included in a combination of two-team parlays.
This would be a total of six individual two-team parlays, for a total
risk of $600. If the request is for a Round Robin "by threes", it would
include a total of four possible combinations, for a risk of $400.
Example
A player requests a $100 four team Round Robin "by twos", with teams A,
B, C and D. The possible combinations would be as follows:
Teams AB $100 to win $260
Teams AC $100 to win $260
Teams AD $100 to win $260
Teams BC $100 to win $260
Teams BD $100 to win $260
Teams CD $100 to win $260
If all four teams win, the player wins $1240, while risking only $600!
If one game loses, there is still a profit, even though three of the
parlays would lose. The three winners get back $780, plus the $100 laid
for each parlay, for a total of $1080. After subtracting $300 for the 3
losers, the player profits $480!
Return
to "Types of Bets Explained"
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