What Does Parlay Mean In Betting

The odds multiply with each leg making the parlay bet a potentially lucrative product. In this example, if successful, a $10 parlay bet would pay out a dividend of $184.80. Parlay formula bet example. To explain parlay formula betting, we use an example of a 3-leg parlay involving three horse races. Full Sports Betting Information: wagers allow the customer to play teasers or parlays making one selection at dif. That means you still win your bet if one game ends in a tie. However, the odds decline in that case. So, if you have, say, a 4-team parlay at 12.28/1 odds and one game ends in a tie, the parlay then becomes a 3-team parlay and you would then get a 6/1 payout. Truthfully, if the money you bet on parlays does not affect your lifestyle or living conditions, then they can be a fun diversion for a sports bettor seeking to get the blood pumping. Parlay betting examples. Building a parlay is exceptionally easy, particularly on an online sportsbook. Parlay betting is not for every punter, so it’s an independent choice. The advantage is that you can win large sums of money with very small stakes, and that is the dream of most bettors. The other side of the argument is that you go through look dry-spells where your parlays don’t win.

What is a Parlay Bet?

A parlay is a sports bet in which you combine multiple individual bets. You must win the entire combination of bets or you lose. It’s that simple.

To choose a parlay wager, you first select at least two standard wagers you like. It could include bets against the spread, moneyline wagers, or the over/under. The more bets you make for your parlay, the more you can win. But there’s always a caveat. Once you start getting into four or higher team parlays, they become extremely difficult to win.

What makes parlays so difficult is you have to win 100% of your games. Whereas, with regular bets against the spread, for example, you only need to win around 60 percent to turn a profit. Parlays can sometimes be frustrating because you could conceivably run pretty hot and still lose. We’ve had some parlay losers where we actually won around 70 percent of the games.

But there’s certainly a ton of upside and some great benefits to betting parlays as opposed to just straight wagers. If all you’re doing is betting individual games against the spread, you’re limiting how much you can win. A $110 bet typically only pays a $100 profit, which really isn’t that great.

What Does Parlay Mean In Sports Betting

What Does Parlay Mean In Betting Terms

Sure, if you’re really good at betting the spread or over/unders and you get in enough volume, you’ll make a nice living. You still won’t make as much if you become skilled at betting parlays, however. The profit potential on parlays is much higher.