What is a Parlay Bet in Sports Betting?

How Does a Parlay Bet Work?
A parlay bet is a combination of bets on either a straight line or a totals(over/under) line. You are able to place a wager on your choice of games and the number of games you will be betting on during that particular parlay, usually between 2-15 games. You must get each game correct in order to win the parlay bet. Any ties remove that game from your combination and reduces your parlay by one game, which will also reduces your payout(just as if you had bet on a 1 less team parlay). What's great about the parlay bet is you can combine games from multiple sports. The more games in the parlay, the higher the payouts are. Below is an example of a typical Las Vegas parlay chart.

2 Team Parlay: 13 to 5 Odds
3 Team Parlay: 6 to 1 Odds
4 Team Parlay: 10 to 1 Odds
5 Team Parlay: 20 to 1 Odds
6 Team Parlay: 40 to 1 Odds
7 Team Parlay: 75 to 1 Odds
8 Team Parlay: 100 to 1 Odds
9 Team Parlay: 150 to 1 Odds
10 Team Parlay: 300 to 1 Odds
11 Team Parlay: 450 to 1 Odds
12 Team Parlay: 600 to 1 Odds
13 Team Parlay: 750 to 1 Odds
14 Team Parlay: 900 to 1 Odds
15 Team Parlay: 1500 to 1 Odds


Can I Get Better Odds Than The Typical Odds on The Vegas Parlay Card?
Yes, but you must place you wager at an online sportsbook. Each sportsbook offers different odds, they are subject to change at anytime. We advise wagering at Oddsmaker.com for all types of online sportsbetting. Not only is it more convenient to wager online from the privacy of your own home, but you also get the better odds, and with your first deposit they will give you up to $1,000 of their own money deposited directly in your account, the total percentage match is 135%. If you decide to reload your account, they will also give you another 20% match. To receive this bonus all you need to do is follow a link on this page to Oddsmaker.com, enter Promotion Number AFF20P2020 when registering your account and the Oddsmaker Promotion Code Bonus money will be put in your account once you make your first deposit.

Example of a Parlay Bet:
Lets say you want to do a 10 team parlay, the lines/odds of each game will already have been determined by the sportsbook, you will choose any 10 games and which team's lines you think will win. Remember, if a team is -5 they must win by more than 5 points, if a team is +5 they must win the game or lose the game by less than five points. Lets say you wagered $100 and picked all games correctly, if you refer to the chart above you will see that the payouts are 300 to 1, so you would win $30,000 which is $300 for every $1 wagered (Your Wager $100 X 300 = $30,000). If you were to place this bet online you would win slightly more, because the payouts are higher.

Where Online Can I Place a Parlay Bet?
We recommend 5dimes.com. 5dimes is one of the most trusted books on the web, they have been around since 1998. They offer a 50% match up to $520, to get the 5dimes bonus, you will need to follow this 5dimes.com link and register an account. Once you have done this you need to contact 5dimes support within 24 hours to request your bonus. Give them the referral 5Dimes Bonus Code "AF000603" and your bonus will be automatically added to your account!


We have compiled a list of online sportsbooks and the bonuses each site offers for each new player that signs up, you can place a parlay bet along with any other type of sports bet at any of the sites listed. View our Online Sportsbooks Bonus List for a complete overview of each online bookmaker.

Get your Bonus at Oddsmaker.com
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Other Recommended Sportsbooks

Sportsbook
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How to Get Bonus
Sportsbetting.com
Intertops.com
5Dimes.com

 

Related Articles:
What is Juice in Sports Betting?
What is a Teaser Bet?
What is a Money Line Bet?
What is a Totals Over/Under Bet?
What is a Straight Bet?