How does a Parlay work?

If one our bets should push, the parlay would become a two team parlay, and if two bets push, it would become a straight wager. This is a general rule for parlay betting, as pushing a bet in a parlay lowers the parlay odds by one game. A parlay bet is one of the most popular forms of sports betting. What's great about parlays is that sports bettors can bet on two or more point spreads, OVER/UNDERs or Moneyline Bets, earning a higher payout if all of their picks win as opposed to making a single bet on each one individually. A “push” or tie, means that your bet will not cause your parlay to be graded as a loss. Instead that leg of the parlay will basically be ignored when calculating the payout of your parlay. A bet could push if you bet on a point spread or total that hit exactly.

Select as few as two or as many as fifteen teams and combine them in one wager. All selections must win for your parlay to be successful. You can combine spreads, totals and moneylines.

What are the advantages?

The benefit of the parlay is that it gives a much higher payoff than if you were to place each bet individually since it’s harder to win all your selections.

Conditions:

• If there is a tie or no action, the parlay reverts to the next lowest number for pay-off, for example: if you select 4 teams and one of those ties, it becomes a 3 team parlay. A tie and win on a 2 team parlay pays out as a straight bet.
• You cannot combine ‘connected’, ‘dependent’ or ‘correlated’ events in the same parlay.

Payout Table:

The odds quoted in the pay-off table below only hold true if all selections in the parlay are at the standard price of -110 (football and basketball spreads and totals).
Variations in the prices will cause variations in the pay-offs.

Calculating a Parlay:

If the odds in the parlay are not all -110 then the (true) parlay odds are calculated according to the different prices. This is done by multiplying the prices of the selections together, but remembering to include the stake amount. Let's assume you place a $10 parlay on 2 selections, with odds of -180 and +250. The calculation to work out your return is as follows:

First of all, convert the odds into decimal format (just use our decimal format option to view your odds):

With ‘favorite’ prices (denoted by a – (minus) sign):

100/180 = 0.556 and add 1 (to include the stake) = 1.556

With ‘underdog’ prices (denoted by a + (plus) sign):

250/100 = 2.5 and add 1 (to include the stake) = 3.5

Then, to find your total potential return, multiply these odds together and with the stake: 1.556 x 3.5 x $10 = $54.46

Progressive Parlays

Gambling Push In A Parlay

A Progressive Parlay is very similar to a normal parlay but, in exchange for not getting as big a payout for picking a perfect combination, you are getting insurance for those occasions when one or more of the teams in your parlay loses.

These can be between 4 and 12 teams but you can onlychoose point spreads (no totals or moneylines). In these parlays you can lose games and still win the bet because the payouts are lower.

4 - 6 teams... you can afford ONE team to lose/push
7 - 9 teams... you can afford TWO teams to lose/push
10 - 12 teams... you can afford THREE teams to lose/push

The Progressive Parlay Payout Table

Below the table in American Odds:

Please note that Progressive Parlays also differ from regular parlays in the following ways:

• Progressive parlays are not available for MLB, NHL or money-line wagers in football or basketball.
• In a Progressive Parlay, a push or a tie is considered a loss for that selection. However, if a selection has no-action (due to postponement or cancelation), the bet will revert to the next lowest progressive parlay for payoff, except in the case of a 4 team progressive parlay where it results in a no-action on the whole parlay.

Round Robin Parlays

How a Round Robin Parlay works:

Make between 3 and 6 selections and wager on some or all of the possible parlay combinations in one go. Each of the parlays comprising the Round Robin is a separate wager.

You can combine spreads, money lines, totals and different sports in Round Robin parlay bets.

Example:

A three-team Round Robin bet for $10 placed two-ways would consist of all the two-team parlays that can be made from the three teams selected. Taking the Colts, the Eagles and the Giants (all to cover the spread) two-ways, you would be creating three separate two-team parlays and the total cost of the bet would be $30:

With the above example in mind, you also have the option to place a three-way Round Robin side bet to increase your potential payout (a three-team parlay including all three teams). If you wish, you may risk a lower amount on this 3-way bet, as it may be harder to win:

With the selection of 4, 5 or 6 teams, further combinations are possible:

To place a Round Robin Parlay please follow these steps:

1. Log-in to your account
2. Choose the sport type on which you wish to bet
3. Add your selection(s) to your betting ticket by clicking/tapping on your selected odds/prices on the betting card
4. As soon as you have made at least three selections Round Robin Parlay will appear on the Parlay tab visible at the top of the betting ticket.
5. Choose the required parlay combinations (2, 3, 4, 5 and/or 6-way) and the amount you would like to wager on each group of combinations.
6. Review your selection(s) again before clicking/tapping PLACE BET.

The table above illustrates the possible number of combinations for the different sizes of Round Robin. It is not obligatory to choose all combinations.

Furthermore, it is possible to vary the amount risked on each group of combinations. For example, if you are making a 4 team Round Robin with 2-way and 3-way combos, you may wish to bet a higher amount on the 2-way combos which are easier to hit and a lower amount on the 3-way combos in which it would be harder to be successful.

The total value wagered and total potential payout will be displayed on the summary on the lower right hand side of the window. Once you have submitted your wager, a range of Bet IDs will be provided. Please make a careful note of the range for wager tracking purposes. (Please note: Bet IDs within the range may not necessarily be sequential).

All Sport Parlay Wager

The All SportParlay Card (also known as a Cross Sport Parlay Card) offers the opportunity to place a parlay bet on a variety of different sport-types including US and non-US sports. Log in to your account and click on PARLAY CARDS > All Sport Parlay Card to display all the lines we're currently listing for use between sport types.

Alternatively, you may also be able to parlay events which do not appear together in the same parlay card. For example, bet soccer and baseball in the same parlay. Or parlay the 1st half lines of an NFL game with a boxing match.

To do this, simply add to the betting ticket the line of one of the events you would like to parlay, let's say a boxing fight, from the BOXING + MMA section of the site, then go to theNFL area and add to the betting ticket the first half line you want, if they can be parlayed the system will show the option to do so in the betting ticket.

You will not be given the option to buy points on US football, basketball spreads or totals. The maximum bet allowed depends on the prices of the selections in the parlay. You can find out the maximum you can lay by clicking the max bet button. Events available on the All Sport Parlay Card may vary depending on the day and time.

Note: Management reserves the right to limit the maximum amount wagered prior to acceptance of any bet.
No parlay wagers can be accepted where individual wagers are 'connected', 'dependent' or 'correlated'. For further details, check 'correlated events'.

ParlayRules.com, an information portal on parlay betting, welcomes anybody and everybody interested in parlay betting, even those who just want to understand the basics of it. We are a team of betting experts aiming to provide the best parlay betting advice to beginners as well as seasoned bettors interested in making profits out of parlay bets. Visitors will find that Parlayrules.com to be a storehouse of invaluable parlay information, including parlay rules, betting strategies, and reviews of online sportsbooks offering parlay bets.

Our goal is to create a one-stop shop for bettors interested in parlays, and accordingly, this website has everything that bettors need to know about parlay betting, right from the basics to the advanced parlay betting strategies. We not only teach bettors how to make money from placing parlay bets, but also provide a list of reputed online sportsbooks offering the best parlay betting opportunities.

A parlay is a popular variety of sports bet offered at online sportsbooks, giving bettors the opportunity to win big money from one small bet. A parlay can be defined as a combination of several straight bets rolled into one; however, players are required to win all the bets in a parlay in order to get a payout. If they lose even one of the bets in the parlay, they will lose the entire parlay bet.

The payouts that can be won depend hugely on the type of parlay placed. In case of parlay bets involving point spreads, the payouts are fixed; but in case of parlay bets involving money lines, the payouts are calculated on the basis of individual team odds.

As previously mentioned, online sportsbooks offer different types of parlays. While some of them require players to place pre-existing parlay bets, some offer parlays with fixed odds, and a few offer parlays comprising bets on several types of sports.

Pre-existing Parlays: Some online sports betting sites offer a list of around five to eight sports events and bettors are required to choose from this list. In case of such parlays, bettors cannot select their own games at random and the payouts are usually fixed.

True Parlays: Casinos offering true parlays allow bettors to choose from a wide range of sports events. Bettors can place a parlay bet comprising bets placed on any sport, such as tennis, football, golf, soccer, and others. What’s more, the parlay bet can combine money lines as well as point spreads. The online sportsbook will simply not hinder bettors from putting together their own parlay, based on their knowledge and instinct.

Fixed Odds Parlay: Most online sportsbooks offer this type of parlay, modified slightly in different ways. Online sportsbooks challenge bettors to create their own parlays from an existing list of matches, which are scheduled to take place on the same day, or events that are scheduled to form part of a tournament. Bettors are free to place parlays comprising a minimum of two to a maximum of 10 bets on these events. Each sports event is associated with point spreads, and some sportsbooks even permit bettors to purchase or sell points to maximize their chances of winning.

Betting experts usually advice novices to avoid parlay bets and stick to straight bets. Correctly predicting the outcomes of one match is difficult enough, and predicting the outcomes of several matches simultaneously is a bit too risky. At the same time, it is worth noting that bettors who do their research well and know exactly what they are doing can make a fortune out of parlay bets. Beginners are advised to thoroughly understand various strategies related to parlay bets before attempting to try them out.

Parlay odds vary from one online sportsbook to the other; but sportsbooks usually pay around 2.5 - 1 for two-team parlays and around 6 – 1 for a three-team parlays.

There are two varieties of parlay odds—computed and fixed. Fixed odds, as the name suggests, are fixed by online sportsbooks depending on the number of games permitted in the parlay bet. Parlay payouts can be easily calculated by multiplying the bet amount with the odds.

Fortunately for adventurous bettors eager to make parlay bets online, there is no dearth of top-rated online sportsbooks offering parlay betting options. We advise bettors to register at multiple online sportsbooks in order to get the best deals. We have presented a list of excellent, secure, licensed, and regulated online sportsbooks that offer the best odds, great customer service, and exciting bonuses and promotions.

Betting on sports online is easy, comfortable, and fun at Bovada.lv because it offers sports betting services such as in-play betting, live betting, and mobile betting in a secure environment. This licensed and regulated US friendly online sports betting site offers the best odds on a wide range of sports events, such as NHL hockey, college football, NBA basketball, and others. The operator of Bovada.lv is Meadway Leisure Limited, which has been granted a sports betting license by the Kahnawake Gaming Commission, based in Canada.

Bovada's Parlay Rules:

• In case of a push or a tie on a 3-team parlay, players will get the next lowest payout
• The payout for a winning two-team parlay is 9 – 10
• True odds are available for all parlays

Is A Push In A Parlay A Loss

BetOnline not only offers the best odds on all favorite American sports such as golf, tennis, football, and others, but also a slew of bonuses. To begin with players will get a lifetime bonus of 25 percent up to $900 whenever they make a qualifying deposit. BetOnline is ideal for MLB bets because the online sportsbook offers overnight lines which will allow parlay bettors to get their research done + bets placed earlier.

BetOnline's Parlay Rules:

• The online sportsbooks pays as much as $150k for all parlay bets
• Players can win a maximum of $150k per 24-hour period
• Players cannot bet on both sides of one game while choosing a parlay

SportsBetting.ag welcomes new players with a free play bonus of 50 percent up to $2,500, and bettors only have to sign up or reload their accounts in order to claim it. Besides offering a wide range of betting markets such as football, golf, soccer, baseball, basketball, and others, SportsBetting offers a free bet worth $25 to players who wish to try out its live betting facilities. Bettors can also claim a free play bonus worth $50 for mobile betting.

SportsBetting's Parlay Rules:

• Players can win a maximum of $150k on their parlay bets per 24-hour period
• The sportsbook will cancel the winnings of parlay bets including bets placed on both sides of one game
• Players cannot include auto racing, boxing, proposition bets, futures, and MMA in a parlay

Launched in 1994, Wagerweb operates on a license issued in Costa Rica. A leader in the online sports betting industry, Wagerweb is known for its excellent customer service, quick payouts, and efficient management system. The betting lines and odds available at Wagerweb are as good as those offered at any sportsbook based in Las Vegas. Sports betting services are available in two languages—Spanish and English. Besides, the online sportsbook offers generous bonuses and runs irresistible promotions.

WagerWeb's Parlay Rules:

• Parlays in which one or more bets co-relate are not accepted
• Nevada gambling rules apply to any bet, including parlays
• To place a parlay bet, players should be more than 21years old

5Dimes Sportsbook, a brand belonging to the 5Dimes Group, offers the best online sports betting facilities in a safe and secure environment. Players will find almost every type of bet, including pleasers, teasers, if bets, and parlays, at 5Dimes along with the best odds on almost every variety of sport under the sun, ranging from golf to auto racing. Licensed in Costa Rica, the 5Dimes Group launched its first product, an online casino, in Nov 1996.

5Dimes' Parlay Rules:

• Players can win a maximum of $250k on a parlay, if bet, or teaser per 24-hour period
• 5Dimes reserves the right to render invalid any parlay that includes a line error
• 5Dimes offers live in-play lines for parlays

Online sportsbooks offer several betting options that are similar to parlays although they are not exactly parlays. Teasers and pleasers are interesting bet types that challenge bettors to select two or more games to bet on; however, their payouts are lesser than parlay payouts simply because adjustments can be made to the point spreads in bettors’ favor. In case of pleasers, players can give away as many as six points to better their odds.

Another variety of parlay sports bet is the progressive parlay, in which bettors can select as many as 12 games. Although payouts are not as generous as parlay payouts, players will be paid even if they lose some of the bets in their progressive parlay.