Sportsbooks and casinos use parlays to let combine the three general-bet forms of wagers into one bet. The greater the number of wagers you put into one ticket, the higher the chances of failure but the bigger the potential reward. That’s why sportsbooks love taking parlays. While the payout is greater so is the risk. We can see clearly now that the parlay, at a payout ratio of 2.6:1, pays $60 more overall than the two individual bets. If, instead, you bet $50 on each outcome separately, your winnings would be $50×2=$100 plus your initial $100 investment for a total of $200. This means that a $100 bet that correctly predicts both outcomes pays you $260 ($160 of which is profit plus your initial $100 investment). Most sportsbook offer a 2.6:1 payout on a two-game parlay. In the following parlay bet, assume that the teams in each game have a roughly even, 50/50 chance of winning.

Let’s take a look at an example and do some quick math. We know that parlays are when you combine more than one outcome into a single bet and you need to get every wager correct in order to win but how does that look in action and how does it affect your chances of winning the overall bet? If even one of them loses, you’re out of luck. If all your picks win, you win the parlay. Parlay bets, also known as accumulators or combo bets, are individual wagers that combine two or more bets and require all of the outcomes to be correct.įrom the bettors perspective, the parlay is enticing because you stand to win more than if you had made each bet individually (assuming each side’s total betting amounts are equal).Ī common parlay bet is to cover multiple games and bet the moneyline or point spread in each. If you want to calculate your own parlay bet, check out our free parlay calculator.

Parlay sports betting online