Teasers are wagers in which you can move the point spread in your favor. Often, these bets are confused with parlays, however, they are not the same. Teasers are common bets, especially in football. We also have a parlay calculator to help determine your potential payout. You can use our odds calculator to see how much you’d win based on the odds and amount bet. If you bet $100 on the entire parlay bet, you’d get a parlay payout of $700 – your original $100 plus your winnings of $600. However, the football parlay odds for the entire bet would be +600 (6-1) since you have a 50-50 chance of winning each bet (3 bets x 2 = 6). The odds for each game would appear the same as they would if you were making an individual bet. For the third bet, you believe the total number of points scored will be at least 48 so you take the OVER. For the second bet, you pick the Patriots to win the game straight up. The football parlay betting odds for a three-team parlay would look something like this:įor the first bet, you take the Saints to cover since they have a history of working well against the spread (ATS). Let’s look at three separate football games. How Do Parlays Work? Understanding Parlay Odds For example, you could make a straight-up bet on a Major League Baseball game, coupled with a basketball point spread bet. You can make NFL parlays or combine different bets from various sports.

If even one bet in your sports parlay is a loss, your entire parlay bet loses. But they all mean the same thing: a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. What Does Parlay Mean?ĭepending on the sportsbook, parlays may be called accumulators, combo bets or multi-wagers. However, you can have multiple versions of the same bet as long as it’s on different games. Usually, you would pool straight-up bets with spreads and totals. What Is A Parlay Bet?Ī parlay bet is a sports bet that combines multiple straight bet wagers on one ticket. Like this bettor who turned $50 into an insane $1.13 million on a 15-team parlay. I’m sure you’ve seen bettors turn a small sum of money into life-altering payouts by parlaying multiple bets together.

Video Poker Guide: Play the Best Online Video Poker GamesĪre you looking to make your sports betting even more interesting? Have you tried bundling some of those point spreads, OVER/UNDERs or moneyline bets together to earn a higher payout? If so, you’re looking at what’s called a parlay.

Sports bet odds calculator