Definition of parlay (Entry 2 of 2): a series of two or more bets so set up in advance that the original stake plus its winnings are risked on the successive wagers broadly: the fresh risking of an original stake together with its winnings. Keep scrolling for more. When you hear someone mentioned the term 'parlay' in a sports betting discussion, they are referring to a type of bet that involves two or more teams. In order for a parlay bet to be successful.
Payouts on a 2 team parlay are standard throughout the industry at 13/5. Sportsbooks will pay $2.64 for every $1.00 wagered. By definition, a parlay is a single bet that combines together two or more individual wagers and is dependent on all of those wagers winning together. Other common names for parlay bets include accumulator, combo, or multi bets.
A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
Parlay Bet Calculator
In order for the parlay bet to win, every one of the wagers must win or push (tie). If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.
How To Win Parlay Bets
The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).