![]() If the game is grossly below or above the halftime line, it is extremely likely to remain as such for the full time line. This is because one accurate result is directly correlated to the next. This is an important distinction to make: sportsbooks DO NOT allow correlated parlays.Ī correlated parlay is when you try to bet on two events that directly relate to each other.įor example, if you think the Nuggets/Clippers game will be Under at halftime and Under at full time then you will need to make the wagers independently. Parlay Betting RulesĪs mentioned above, you are allowed to wager across different kinds of bets and across sports, so long as they are independent events and not correlated. That’s a potentially humongous payday and a true longshot. The maximum number of games you can combine on most sites is 15. Remember, once you make this bet, you need all three results to be correct in order to win. These include the moneyline, Over/Under, and point spreads.įor example, if you like the Braves at -1.5 (a point spread bet), the Nuggets and Clippers Under 198.5 (an Over/Under bet), and the Penguins to beat the Capitals (a moneyline bet), you can place this combo bet for as little or as much as you please. 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. ![]()
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