1. Delaware Sports Betting Parlay Cards
2. Dover Downs Sports Betting Parlay
3. How To Parlay Bets
4. Sports Parlay Betting System
5. Sports Betting Parlay Cards
6. Sports Betting Parlay Explained

Since the whole reason we are here is to explain betting odds, we need to teach people how parlay betting works and help them understand things like payouts, rules, and other things that come up when placing a parlay bet. This is one of the things we talk about first because it is such a popular way to bet on a variety of games, but many people waste their bankroll on them. For just a few dollars, someone could conceivably win as much as a million dollars or more, but that thrill is why most people lose their money when betting on parlays. Of course, this is an extremely rare situation but using a parlay to build the payouts on several bets you're feeling good about is a common + profitable practice if you are on a hot streak.

I think of parlays this way. If you are confident enough in so many bets that you feel like you need to put them in a parlay, then you should bet them all straight as well. That way if you win 3 out of 5 for example, you will still win money or break even. As to where if you just bet one parlay then you will walk away with nothing more times than not. So, if you have $25 to bet a 4-team parlay, bet $5 on each team individually and then bet them all in a $5 parlay. You will be a much more profitable sports bettor if you stick to this philosophy.

Parlay Betting: How to Bet Parlays on Your Favorite Sports. Sports betting odds are designed to match payoff to the chances of an outcome. If you choose to wager on Cal to beat Stanford in football, great, but it won't result in a 5-to-1 or 10-to-1 windfall unless the Bears are having a bad year, in which case Cal's chances to win won’t be promising. 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. A parlay bet is a popular form of sports wagering most gamblers are familiar with. In case you’re not, this bet is rather easy to understand. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager.

Below is our complete rundown of what a parlay bet is in a way that you should be able to understand it. We try and break down all the different aspects of it, but please know that some sportsbooks have different rules and you may be able to do things on some sites but not others. Enjoy the page and we hope that we help you become better at sports betting by reading this page.

What Is A Parlay Wager?

A parlay is a single bet that is placed down that includes more than one pick to win a game or cover the spread, usually between 2-10 teams. You will win your parlay bet if all of your bets are won that you included on the betting slip. But if you have even a single loss, then the parlay is lost and so is your money. And it does not matter how many of the games you won on the betting slip because ALL of them must win.

What Happens If There Is A Push Or A Tie In A Parlay?

If any of your picks in the parlay turn out to be a push, then that bet basically acts as a tie and the payout of your payout will be reduced if you won your other bets. In other words, if you have an 8-team parlay and one of those picks is a push or tie, then you essentially are left with a 7-team parlay. The push doesn’t signify that your parlay will be graded as a loss; however, your total winnings will be reduced as the sportsbook removes that “leg” from your parlay.

Why Do People Bet On Parlays

A parlay is enticing to bettors because of the high return on investment should the bet be won. The payouts for a parlay can be very high, and thus very rewarding. The more teams you take in a parlay, the greater the return and it is completely possible to win thousands of dollars with a $1 parlay if all your picks are correct.

Example Of How A Parlay Bet Works

Let's say that you placed a three-team parlay on the Falcons, Cowboys, and Packers covering their respective point spreads in their match ups. Typically, a three team parlay will pay out at 6/1. If all three of these teams cover the point spread, then the bet would be won. For every $100 wagered on this parlay, a $600 profit is made. If one of the bets was to push though for example, you would be paid as if you made a 2 team parlay bet, which would be 3 to 1, or $300. If any of the three teams loses then so do you.

How Do You Calculate A Parlay?

The easiest way to calculate is to simply go to an online sportsbook and start putting your bets in. You will be able to see the payouts for the parlay before you confirm the bet. If you look at the table below then you can see the payouts if you were to bet a parlay using regular betting lines that are set at -110. Any time one of your bets is different then -110 then the payouts of your parlay will be different depending on which way you are betting. If you are betting an underdog that was +200 for instance, then your payouts for the parlay will be much higher. And if one of them was a favorite at -200 then your payout will be lower.

We're sure you're ready to learn more about the parlay wager and the best online sportsbooks that allow users to make wagers using the parlay. Here's a tip: stick to the sports betting sites that have friendly parlay rules which allow you to jump across different sports + parlay wagers within the same game! Now, let's get on with the show...

Bovada Sportsbook - Best Sports Betting Site For Betting Parlays

When it comes to betting games, sometimes players only pick one game to place a wager on, and sometimes a lot of money can be one quickly. The reason that Bovada is so popular is that most players know that there are all the games that they can pick from and make money on. This opens eyes but another thing that sticks out on Bovada is the parlay bets that can be made on all of the games here on Bovada.

Parlay bets here have all the making of big cashouts! With parlay bets, there are games that you can pick that you know that are for sure wins and take a few upsets and that’s where the money that players can be will increase. Bovada odds set on all the bets offered are set up for players to cash out huge and all it takes is a player to take the chance on more than one game or one more than one prop bet.

SportsBetting Sportsbook - Tons Of Parlay Bet For All Sports

The reason that many players love to place bets on SportsBetting is because the odds are set up perfect players to win big. There are always great games going on no matter the sport so that means that there are plenty of bets that will show up and many of the time players will decide which prop bets are best for them. Most of the time players will see more than one bet that they really like and this is where parlay bets will come.

The thing is SportsBetting already has all the great bets so now when you put all these prop bets in the basket and make it one big bet, this is where cash will flow! SportsBetting is known for great prop bets so when you can tie them all together, this only means more players will come in and place parlay bets and win huge!

BetOnline Sportsbook - Best Sportsbook With Parlay Bets

Knowing that all the bets you are at the tip of your fingers are what Betonline gives to all their account holders. These bets are always exciting and the odds are set up for players win big. With the games are always going on, bets are always popping and that also more the features are filled with a lot of different bets.

Prop bets are everywhere on BetOnline and that means that parlay bets will be the best way for players with accounts. The reason for this is because when it comes to betting, the main goal is to win as much money as you can. BetOnline has great odds for every bet in different games so tagging different bets in one parlay only increase the winning. Picking 12 bets with a few underdog pick only scream a lot of winnings when a player hits on BetOnline.

MyBookie Sportsbook - Parlay Bets Profit Top Of Line On MyBookie

The bets that are set on MyBookie has always been very favored for players to win money on. The ultimate way to win is to take advantage of the bets that are here and set no matter the games or the sport. This is why most players come back to MyBookie and bring back other players as well. Sometimes picking the underdog to win only shows that it will be more money to be made. The thing that comes with betting the underdog is there is also a chance you can pick the underdog and place a bet on your favorite at the same time. This is called parlay bets.

These parlay bets can be placed and when you do that this only means more money can be won because of the multiple games that place are betting on. Even in the live betting feature, players could also place parlay bets as well. At the end of the day, betting is about profiting big, and here on MyBookie, parlay bets are one of the most profitable ways to win money. Adding all of the best you have on to one ticket and place big money on MyBookie will prove to profitable because of the odds set on MyBookie!

More About How Parlays Work In Sports Betting

As the parlays increase, so too does the margin of profit and payouts. But the more games linked together on the parlay, the more difficult the bet becomes to win. Parlays usually can go up to as many as 15 games. It's also important to know that parlays are not made for you as a bettor on the sportsbook. You have the power to fill out your own parlay slip for the games that you want to place a wager on.

Betting a parlay does not have to be on the point spread either. When placing a parlay bet, then you can bet on either the spread, the money line, or a combination of the two. But on the money line, which is a wager on a game without a point spread, the payouts can be a lot different. If a bettor takes the favorite on the money line for every parlay, the payout won't be the near the amount than if one or more underdogs had been selected.

Is Betting A Parlay Worth It?

While the major payouts and hopes of a changed lifestyle for only risking a few dollars may seem too good to be true, oftentimes it is. Still, you will hear stories about bettors who won a crazy 8-leg parlay where they turned $100 into a few hundred thousand. More often than not though, parlays are what give sportsbooks easy money. Sports betting can be difficult and if you are required to get every wager you make correct in order to win, you will find yourself running out of money much quicker in most scenarios.

Table Of Contents

Parlay betting is an increasingly popular way to bet on football. It also remains one of the most understood. How many times have you found yourself asking 'what is a parlay?' to one of your betting friends, only to end up none the wiser. Here, we attempt to unravel the mystery.

In short, a parlay bet is a way of combining single bets, but with larger, overall odds, seeing as each individual bet must win for the parlay to pay out.

The lure of a larger payout makes this type of bet an attractive option. Parlay bets are especially popular with those who enjoy betting on NFL and NCAA football.

How parlay betting works

Delaware Sports Betting Parlay Cards

To place a parlay bet, you add each of your selections to your online betting slip, just as you normally would. The difference is that you click on the 'Parlay' option.

Your payout can then be calculated in one of two ways. One way is by using the fixed odds chart. This is used when placing a bet on either the totals or the point spread. These odds are typically 50/50 chances at odds of -110. A fixed odds chart might show two selections payout at +260 and three selections at +600. These can mount up quickly, as eight selections pay out at around 150/1.

A parlay is more complicated when there are different odds for each selection. This is even more the case when betting on the money line. All of your initial bets will be placed on your first selection, and if that selection wins, your return is as it would be if you were placing a single bet. However, rather than that money being credited to your account, it’s automatically placed on to your next section. This continues until your final selection is made.

Parlay betting odds

The two most popular types of parlay bets are the money line and point spread. With spread betting, you pick multiple teams to beat the spread. It’s a great way to add excitement to a weekend of football.

Parlay bets that use the point spread are based on fairly standard odds. You can expect to see odds like those below.

When it comes to the money line, parlay betting odds are relative to the odds of each individual pick. If you select multiple underdogs, your odds will obviously be longer. Conversely, if you choose multiple favorites, you can expect the odds to be shorter.

The odds can be confusing when it comes to parlay betting. Fortunately, you can always find a parlay calculator online to help simplify things.

Other types of parlay betting

• Teasers
• Pleasers
• Round robins

The teaser is a parlay where you can adjust the money line or point spread in your favor for each selection. A teaser typically adjusts the line by six points. If betting on a team to win by 10+ points, for example, you can bet on them to win by four or more points. While you will get lower odds than a traditional parlay bet, you'll find that wins are easier to come by.

The pleaser works in the opposite way to a teaser because you’re moving the line the other way, which makes each of your selections more difficult. However, you can also expect to win a larger payout.

A round robin parlay bet is where you place multiple parlays at the same time. You choose from between three and eight teams for your round robin. Then you decide on the number of teams or totals you’d like to tie together. You may decide on eight teams, for example, and tie the parlays to as many three-team combinations as possible. The team combinations will determine the number of different parlays you have. If you have eight teams in your round robin, you will have 28 different parlays if you choose two teams. If you make three-team parlays, you will have 56 different parlay tickets.

Where can I get a free parlay bet?

Dover Downs Sports Betting Parlay

• FanDuel has quickly become one of the top names in sports betting. It clearly knows how to attract new customers, and a part of that attraction is its $500 risk-free bet for those making their first deposit. You can bet up to $500, and if you don’t win, you get your money back. That presents a great opportunity to try parlay betting for the first time.
• BetMGM makes the same offer to new customers, which helps to explain why they too have ascended to rank among the sportsbook elite. MGM also offers a free $10 weekly bet, so there's an incentive to stick with these guys once you’re all signed up.
• Another sportsbook with a tasty welcome offer is PointsBet. When you open your account and make a deposit of just $50, they reward you with $150, which really increases the value of your parlay betting when you're just getting started.

How To Parlay Bets

Oddschecker provides an odds comparison service so you can see all the odds, offers, and promotions from every single sportsbook in one place. They also provide free picks and analysis across every single sport. This means that at Oddschecker, you will always be able to see the best NFL odds and picks the market has to offer.

Sports Parlay Betting System

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FAQ

Sports Betting Parlay Cards

What sports can you parlay bet?
You can place a parlay bet on any sport, but as mentioned, many sports bettors like to place parlay bets on both NFL and NCAA football.

Sports Betting Parlay Explained

Where can you place parlay bets online?
You place a bet with a sportsbook like Foxbet in the normal way, and then an additional bet, which automatically gives you the option of turning your bets into a parlay bet. You can then add more bets to your parlay.

Can you parlay future bets?
Yes, you place a parlay bet on a future event.

Which online sportsbooks allow parlay betting?
There are numerous sportsbooks accept parlay bets, but FanDuel and BetMGM are among the most popular sportsbooks for parlay betting.