Let’s say our hero wants to get a little more aggressive this time. Thus, the three-team parlay paid out about +132. Subtract the original stake, and the bettor won $132.12. The net earn this time would come to $66.12, for a total of $232.12. The $165.80 goes down on Baltimore at -250 odds. Add that to the stake and they now have $165.80.įast forward to Monday night. If the Chiefs win as expected, the bettor earns $39.48 more. That $126.32 becomes the risk on Kansas City. Assuming San Francisco prevails, the bettor now has $126.32 in theoretical monies to roll over to the next bet – $26.32 in profit to go with the original stake. First up: San Francisco and Detroit on Sunday afternoon. The hypothetical bettor here puts down $100 parlaying these three teams.
Baltimore Ravens (-250) at Las Vegas Raiders. San Francisco 49ers (-380) at Detroit Lions. Here are three Week 1 NFL favorites that look like prime parlay fodder for many bettors: Many bettors enjoy playing these moneyline parlays because they feel confident in favored teams winning but they don’t want to lay long odds to win an amount well below the stake. Let’s start with a simple 3-team parlay on the moneyline, stringing together a few favorites. Since we’ve already broken down a two-team parlay, we’ll take a look at a three-team parlay and then a four-team parlay. All of the lines to follow come from DraftKings Sportsbook. Let’s look at some examples of how parlays would work with hypothetical bets from Week 1 of the NFL season. A three-teamer pays about 6-to-1, and the odds roughly double from there for every -110 bet added to the parlay. We’ve already seen that a two-teamer pays about 2.6-to-1. If you’re trying to do some back of the envelope math to figure out what a parlay bet will pay out, a simple framework exists for -110 wagers. Remember, the bettor started with a $100 stake, so $264.46 would represent the profit in this parlay bet. That came home as well, and a -110 bet for that price pays out $173.55. Now, that $190.91 becomes the stake for the second leg, under 54.5. Since the Bucs +3 covered the spread, that $100 becomes $190.91. In this case both bets finish at the same time so it doesn’t matter which one represents the “first” leg. In the above example with two standard -110 legs, the first bet becomes $100 on the Bucs +3 or the under 54.5. How does a parlay bet pay out?Īgain, when the sportsbook accepts the parlay bet, they set up a multi-level wager wherein each bet that wins becomes a bigger wager on the next leg. Quite a difference, right? But, before you go off and load the cannon to fire the bankroll on a bunch of parlays, read on. This time, when the Bucs lift the Lombardi after their 31-9 victory, the bettor nets $264. Now, the bets become linked – both sides of the bet must win in order for the bet to win. Or, this same bettor could instead put both wagers into a $100 parlay, should he or she choose. When both bets win, our hero nets $90.90, assuming a -110 price on both bets. They could simply take $50 and bet on the Bucs +3, then take the other $50 and take the under 54.5. Say a bettor wanted to place a wager on both the spread and the total, risking $100. WHATS A MONEYLINE BET PRO
According to Pro Football Reference, the Chiefs closed -3 on the spread with a betting total of 54.5 between the two teams.
Each “leg” or individual bet in the parlay must win for the parlay to grade as a winner.įor example, take last season’s Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers. It does this by rolling over the winnings from each individual wager into the next leg of the wager. A parlay bet simply combines multiple wagers into one bet. Whatever the name, the concept is fairly simple. Depending on the sportsbook or the region, they may also be called “accumulators” or “multis.” What is a parlay bet?ĭifferent parts of the world have different terminologies for parlays. We’ll cover the answers to these questions and more here, as we go over all things parlay. So, what is a parlay? How does a parlay work? Should you bet parlays? Hell, the climaxes of recent critically acclaimed movies “Silver Linings Playbook” and “Uncut Gems” both revolve around daring parlay bets. Many are the stories of an insane parlay bet hitting for huge money against all odds. Parlays hold a special place in the lore of sports betting.
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