Again, different sportsbooks have different odds and rules so they might have different payouts and teaser options available to bet. They could simply take $50 and bet on the Profit & Loss Analysis Bucs +3, then take the other $50 and take the under 54.5. When both bets win, our hero nets $90.90, assuming a -110 price on both bets. If you bet $100 on the entire parlay bet, you’d get a parlay payout of $700 – your original $100 plus your winnings of $600.


When a sportsbook approves your parlay, each leg that wins can be leveraged to become a bigger wager with the next one. Single stakes can be added up to accumulate into exponentially greater stakes than you informative post would have otherwise. Often, most sportsbooks will cap the default vigorish charge at -110. This means that for every $100 you’ll want to make off your parlay, you’ll have to place a $110 stake on your bet.

What Happens If You Push On A Parlay?

The chances of being correct on all legs of a parlay lessen with each selection that’s added to the ticket. It’s an inverse relationship when it comes to returns, as the potential rises with each leg added. The same applies for sports as you can do a parlay which includes games from different leagues, such as one NBA spread, one NHL moneyline, and one College Basketball total. Click on that choice and continue adding wagers until the parlay is built out with all of the legs you want to include. You can focus your parlays on moneylines, spreads or totals, or you can mix it up a bit.

Chicago comes into this contest with a win-loss record of 10-5 so far this year. This matchup report has Vegas lines and an expert NBA basketball pick for your daily winner. Round robins are more complicated and can be confusing, but give bettors another way to try to hit big, like with a parlay, but with less chance of winning nothing. Sports betting apps or websites do round robins a little differently from each other, but it should work similarly to selecting a parlay. Select at least three bets, go to the digital bet slip section and find an option for round-robin. From there, there are several more options and terminology to go with it.

Sports Betting 101: What Is A Parlay?

The second variable is the payout for each individual wager. For example, a payout of five lines where the favorite is taken in all of them is going to be far less than if the bettor decided to go with all of the underdogs. A 10-team, 6-point teaser would pay out roughly + 2500, meaning a $100 bet would win you $2,500. As you can see, the price and payout gets better as you add more teams, bets or “legs” to the teaser. By layering on more and more bets, you increase the likelihood that at least one of them loses, which means you lose the entire teaser.

Point Spread Basics

You are also able to choose what you would like your winnings to be more than. You can then add a selection and re-spin the parlay generator to parlay possible combinations. Thanks to a landmark 2018 Supreme Court ruling, effectively any state can enjoy having a legal sports betting market if they want to. Sure, there’s more value in grouping together heavy moneyline favorites into a parlay instead of betting them each individually, but there really isn’t much of a point.

You can now use our new state switcher function to select which state you’re in and play seamlessly. If you travel to another regulated state, just switch to that state and create an account to place your bets. If you were lucky enough to win eight for eight show bets at $3.00 each, your original $20 pot would have grown to $510.

Where Can I Find The Best Picks And Parlay Bets

They can be a welcome addition to the sports betting arsenal, but the chances of loss are high. A parlay bet is a wager that includes multiple wagers on a single ticket. The ticket can include as few as two games all the way up to 10+, depending on the rules at the sportsbook you are placing your wagers at. Notice how the 2- and 3-leg parlays pay out roughly the same as the true odds payouts (the 3-leg is actually a little higher than the true odds of +597). It’s the players who bet the real longshots that get ripped off in this scenario, as a 6-leg parlay has true odds of +4740.