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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 |
|
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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