In short, the trick of the trade when dealing with poor fixed odds is to simply add one team to the parlay that is priced differently than the standard If any of the bets in the parlay lose, the entire parlay loses. The information contained at this website is for news and entertainment purposes only. There are two ways to place a parlay bet and both are quite simple. Most standard pointspread and total wagers have moneyline odds. This concludes our article on parlay betting.
How to use the Parlay Calculator
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 bet on a sports 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.
To make it even simpler, use our Sports Betting Parlay Calculator. Enter the amount of your bet and the money line for each team. If betting a favorite, you must enter the line with a minus - sign at the beginning. The parlay can still be a winner if a game is canceled or ends in a tie.
The pay schedule will simply more down to the lesser payment. For example, the bettor will win if a baseball parlay for four teams has three winners and one game is canceled because of rain. The bet will only pay based on the schedule for three winners instead of four as originally planned.
The bet is a loser if one pick for a parlay is wrong. Not all parlay payouts are the same. Sportsbooks may have different odds for the number of teams bet in a parlay. This can be very confusing in Las Vegas as casinos next door to each other might have different odds and payouts for the same parlay.
Further, these odds may change at any time so bettors should check with the ticket writer in sportsbook before placing a parlay. Payouts for a parlay are fixed by the time the bet is placed. If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line.
The original bet cannot be changed and the bet will stand. The good news is that the bettor has two live parlay bets. A parlay is a type of sports bet and there are different variations of this kind of wager. The most common types of parlays are Round Robin parlays and Teasers.
A Round Robin bet is placing multiple parlay wagers at once. Round Robin bets are just a way to simplify making multiple parlays. The bettor will select anywhere from 3 to 8 teams or totals to be in the Round Robin. For example, a bettor may select eight teams and totals for a Round Robin and tie the parlays to as many three-team combinations as possible. The combination of teams will dictate how many different parlays the bettor has.
Continuing the example, if a bettor wants to Round Robin eight teams they will have 28 different parlays if they choose two teams. If the bettor chooses to make three-team parlays they will have 56 different parlay tickets. The ticket will cost the amount chosen for each parlay. The payout for each winning parlay is the same as it would be if the parlay bets were each made individually. A teaser is similar to a traditional parlay where the bettor can select multiple teams or totals.
However, there are no moneylines allowed with a teaser. Unlike a parlay, the bettor may move each point spread or total plus or minus a certain number of points. The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay. Teaser bets can change the point spreads or totals anywhere from six to 10 points. However, each leg of the teaser must use the same number of points.