Parlays
Parlays allow you to bet on 2 and up to 15 teams, combining multiple selections into a single wager for a much higher payout.
Parlays Are High-Reward Wagers Combining Multiple Selections
A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. If any of the bets in the parlay lose, the entire parlay loses. However, if all the bets win, the bettor receives a significantly larger payout than if they had placed each bet individually.
Standard Parlay Mechanics
All selected teams must win or cover the spread. If one team ties or pushes, that selection is typically removed from the parlay, and the odds adjust down to the remaining teams.
3-Team NFL Parlay (+600 Odds)
In this example, if you place a $100 bet on Packers -3, Chiefs -7, and Cowboys Moneyline, all three must win or cover. A successful parlay yields a $600 profit, while if even one selection fails, the entire $100 wager is lost.
Payout Calculation
Parlay payouts are calculated by multiplying the decimal odds of each selection together. Since the risk increases with each team added, the odds scale up exponentially, giving bettors a massive return for small stakes.
Round Robin Betting
A Round Robin is a way to place multiple smaller parlays out of a larger list of teams. For example, if you select 4 teams, a Round Robin can automatically place all possible 2-team and 3-team parlays for you, protecting your wager if one team loses.
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