Team Parlay

Bet Amount

Parlay Team Definition
Two Team Parlay Payout
Team Parka
Two Team Parlay Payout

A parlay wager consists of at least 2 selections. For example; ORL Magic @ -185 and HOU Rockets @ -105. Each selection has it’s own odds but by placing both selections in to a parlay wager, the odds increase as both selections must win. If both don’t win, you lose. A 3-team parlay usually pays 6 to 1. If you made a $100 parlay and all three teams covered the spread, you would win $600. All of them need to cover the spread for you to win. If San Diego lost by exactly 6 (push/tie) and you won the other two games, the 3-team parlay would just be knocked down to a 2-teamer. Here are the general payouts for. 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.

$100
$200
$500
$1000

Odds

If betting a favorite, enter the line with a minus (-) sign at the beginning

Payout

Big Game Special
Chiefs @ Bucs
NJ/PA/IN/TN/CO/WV/MI

Boosted from +333
Chiefs @ Bucs
PA/NJ/CO

2 per week
Paid in Free Bet
Available in CO

Chiefs @ Bucs
Super Bowl
NJ/IL/IN/IA/CO

Boosted From +200
Super Bowl LV
NJ/PA/CO/IN/WV/TN

Boosted From +1100
Chiefs @ Bucs
IL/NJ/WV/IN/CO/TN/IA

Super Bowl Special
Plus Signup Bonus
PA/IN/IL/CO/MI

Free $30
NCAA Football
NJ/IN/PA

What is a Parlay?

A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.

With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)

Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.

For example, look at this hypothetical $10 MLB parlay:

New York Yankees -210
Boston Red Sox -165
Over 8 -120 (Washington Nationals vs. Atlanta Braves)

Enter the price of each pick above (-210, -165 & -120) into the parlay calculator along with the wager size. If you entered everything correctly the payout should read $33.46. The heavy favorites in the parlay decrease the size of the payout.

Now look at this $10 parlay of NFL underdogs:

Philadelphia Eagles +180
Indianapolis Colts +250
New York Giants +365

Again, enter the parlay prices and the wager amount. This time the payout is $445.7 since the parlay consists of big underdogs.

Keep in mind, most sportsbooks do not allow correlated parlays. So you would not be able to parlay the Eagles moneyline and the Eagles spread together, since the Eagles covering the spread increases the odds of the Eagles winning the moneyline. You can often parlay an over/under bet with a spread or moneyline bet from the same game, but there are occasional restrictions depending on the numbers.

The parlay calculator, along with other sports betting tools for NFL, MLB, NBA & more, will help serious and recreational sports bettors alike save time and money as they navigate legal US sportsbooks.