A parlay wager is
a bet on two up to 8 teams or selections. It is
one of the more versatile forms of sports wagering.
The player can combine different sports, point
spreads and money
lines. In a parlay wager the original stake
and winnings are re-invested on the next game,
and all selections must be correct, that is, one
loss and the parlay loses.
In the event of a push (tie), game cancellation,
or a pitcher who you have specified as not starting,
actually starts, the parlay reduces to the next
lower number, e.g. a four team parlay becomes
a three team parlay. A winning parlay wager will
pay many times greater than the initial wager.
No parlay wagers will be accepted where propositions,
quarters or different periods of the same game
are connected. The parts of a parlay wager are
deemed to be connected, for example, if one leg
of a parlay is for Sampras to defeat Henman in
the 4th round of Wimbledon, and the second, or
additional, part of the parlay is for Sampras
to win the Wimbledon title. The match forms part
of the overall tournament and is, therefore, connected.
In the same way, you cannot parlay the over of
the first half of a football game with the over
of the total game, because the two are connected.
Football and basketball point spread parlay odds
are as follows:
Number of Teams
|
Odds |
Two |
13/5 |
Three |
6/1 |
Four |
10/1 |
Five |
25/1 |
Six |
40/1 |
Seven |
75/1 |
| Eight |
100/1 |
| Nine |
150/1 |
| Ten |
300/1 |
| Eleven |
500/1 |
| Twelve |
750/1 |
| Thirteen |
1000/1 |
| Fourteen |
1500/1 |
Fifteen |
2000/1 |
Football and basketball Parlays are MAXED at
the following odds:
Number of Teams
|
Odds |
Two |
13/1 |
Three |
30/1 |
Four |
50/1 |
Five |
125/1 |
Six |
200/1 |
Seven |
375/1 |
| Eight |
500/1 |
| Nine |
750/1 |
| Ten |
1500/1 |
| Eleven |
2500/1 |
| Twelve |
3750/1 |
| Thirteen |
5000/1 |
| Fourteen |
7500/1 |
Fifteen |
10000/1 |
Baseball, Soccer and other sports parlays are
determined using a different set formula. Because
of the money line used in those sports, there
are no set payoffs for tying a number of teams
together in parlays.
Payoffs are determined by a simple formula that
changes the money line into a decimal number and
combines it with the other lines in the parlay.
The first step is to change the money line into
its decimal value. Use the following chart to
convert a money line into its' appropriate decimal
value:
-1.05 = 0.95 |
-1.10 = 0.91 |
-1.15 = 0.87 |
-1.20 = 0.83 |
-1.25 = 0.80 |
-1.30 = 0.77 |
-1.35 = 0.74 |
-1.40 = 0.71 |
-1.45 = 0.69 |
-1.50 = 0.66 |
-1.55 = 0.64 |
-1.60 = 0.62 |
-1.65 = 0.61 |
-1.70 = 0.59 |
-1.75 = 0.57 |
-1.80 = 0.55 |
-1.85 = 0.54 |
-1.90 = 0.53 |
-1.95 = 0.51 |
-2.00 = 0.50 |
-2.10 = 0.48 |
-2.20 = 0.45 |
-2.30 = 0.43 |
-2.40 = 0.42 |
-2.50 = 0.40 |
-2.60 = 0.38 |
-2.70= 0.37 |
-2.80 = 0.36 |
-3.00 = 0.33 |
-3.25 = 0.31 |
-3.50 = 0.29 |
|
Follow these simple steps to calculate baseball
parlay payoffs:
Step 1: Select the number of teams you
want to tie together in a parlay wager.
Step 2: For each price or odds quote on
your teams look at their respective payoffs listed
in the decimal conversion chart on the last page.
Step 3: Note the decimal conversion payoffs
for all teams selected.
Step 4: Add $1.00 to each of these payoffs.
Step 5: Multiply your wager ($) times
(x) the products of the payoffs to calculate your
potential parlay return.
For example, Let us say you select two teams,
the New York Yankees and the Montreal Expos, for
your baseball parlay. And let us say that at this
particular time of the season the Yankees are
listed to payoff at (-1.60) and the Expos at(-1.40).
The conversion chart shows that the payoff for
the Yankees would be (0.62) and the Expos (0.71).
You decide to wager $50.00. The formula to calculate
your payoff would be:
50 x 1.62 x 1.71 = 138.51
or, in other words, $50.00 (your parlay wager)
times Yankees payoff of $1.62 (0.62 + $1.00) times
Expos payoff of $1.71 (0.71 + $1.00) = $138.51
The payoff would naturally include your original
parlay wager of $50.00
More About Money Line Betting
The team wagered on just has to win the game. The
amount you lay or take for each game may vary. The
money line that is read to at the time of your wager
is the money line you keep regardless of any line
movement.
Example:
The player wagers on Miami -160 at Buffalo +260.
If Miami wins then the player would lay $160.00
to win $100.00. If the player bet on Buffalo then
the player would lay $100.00 to win $260.00 |
