To calculate your payout, add up all odds and multiply them by the stake. For example, you create a straight-up bet on a baseball game, plus a basketball point spread bet. You can combine different teams from different sports or different teams in the same sport. Otherwise, you lose even when a single team loses. How Parlay Bets WorkĮach bet in a parlay must win for you to win the entire bet. Additionally, the odds frequently change, so always double-check before placing bets. Remember that Parlay odds vary across sportsbooks depending on the number of teams in a parlay bet. So for instance, if you are betting on three teams with odds 1.6, 2.2, and 1.9, the calculation is as follows: 1.6 x 2.2 x 1.9 = 6.688. But if you are using the American odds format, it’s easier to convert to decimal odds first. To make a parlay, you just simply multiply the individual odds. Although the odds can be expressed in various formats like decimal, fractional, or American (1/3, 1.33, and -300, respectively) – the value is the same. However, the numbers are much bigger than with individual bets, which also means you get larger payouts. The parlay odds are similar to traditional betting odds. Of course, each operator has its own terms and conditions, so make sure you’re familiar with them first. Parlay bets, combo bets, multi-wagers, or accumulator bets are all terms referring to the same thing. Parlay bets are available at most online sports betting sites but sometimes under different names. Otherwise, the whole parlay is void even if just one leg loses. Nonetheless, there is a considerable risk because for the parlay bet to be successful every leg on the bet ticket must win. Parlay betting appeals to punters with its larger payouts in comparison to selecting a single team to win. However, the bets must be of different games. The bet ticket can include point spreads, futures, unders/overs, moneylines, totals, or even prop bets. In other words, it’s grouping several singles into one big bet. The term itself is derived from the French ‘paroli’ or ‘double stake’.Ī parlay is one bet combining multiple (two or more) straight bets in one ticket. Hence why in Europe parlay betting is actually known as accumulator bets. The meaning of the word ‘parlay’ is cumulative bet. Claim Bonus Read More What Is Parlay Betting?

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