Sports Betting Parlay

A Parlay is a grouping of multiple wagers in one bet ticket that increase the payout potential. It is a riskier bet than individual single bets but the pay-off can be substantial. The risk/reward of parlays changes drastically depending on the odds and number of teams/totals included in the bet. Parlays are a popular choice for many bettors.

The most common type of parlay is a moneyline bet on heavy favorites. For instance, a three-team NFL parlay might include the Buffalo Bills (-2.5), New England Patriots (+2.5) and Los Angeles Rams (-6.5). If any of these bets lose, the entire parlay is lost.

Parlays can include moneyline, point spread and totals bets from the four most popular North American sports: football (NFL and college), basketball (NBA and college) and baseball. Some sportsbooks will allow up to 14 selections in a parlay, although it isn’t always advisable to place a bet with that many legs.

Parlays are a great way to maximize your winnings and are oftentimes the most profitable wagers at a sportsbook. However, they are also much more difficult to win than individual bets. That is why it’s important to study the betting lines carefully before making your parlay bet. Parlay odds are calculated by multiplying the American odds of each bet by the number of bets and dividing that amount by your bet size. The higher the number of bets in a parlay, the greater the payout.

You May Also Like

More From Author

+ There are no comments

Add yours