Online Betting Parlay
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.
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.
Bovada is one of the premier online NFL betting sites, and the brand understands how compelling parlay betting can be. That’s why at Bovada, when you select a few wagers from their massive slate of gameday NFL odds, they give you the option to automatically include all those bets in a single parlay ticket. Two-team parlays bet at a straight -110 price will pay out 2.64 to 1. The actual payout amount obviously depends on the odds for each team, but the starting point of 2.64 is pretty standard within. Parlay betting is one of the ways that bettors can make that dream a reality. While not easy to hit, the returns can be outstanding. As such, parlay betting is extremely popular, especially with recreational bettors and those looking to build bankroll. A parlay bet is a wager that includes multiple wagers on a single ticket. So, if you have, say, a 4-team parlay at 12.28/1 odds and one game ends in a tie, the parlay then becomes a 3-team parlay and you would then get a 6/1 payout. That isn’t always the case, however. Some sportsbooks require all bets to win and if you get a tie, you lose the entire wager.
Can You Parlay Live 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).