Get to Know Parlay Bets: A Full Guide
A parlay bet is one of the most fun bet ways in sports, letting you put many single bets on one bet slip. In this big risk, high reward bet plan, all picked results must win for the bettor to get money back.
How Parlay Bets Work
Regular parlays most often let bettors add 2-10 different bets, called “legs,” with the money you could get back growing a lot as choices go up: 상세 자료 비교해보기
- A two-team parlay at -110 odds gives about 2.6:1 payout
- A three-team parlay can bring 6:1 returns
- A four-team parlay can pay 10:1 or more
Win Rates and Risk Check
The big payouts come with a big note: win rates fall a lot with each more leg in the parlay:
- Single bets keep at about 50% win chance
- Two-team parlays fall to 25% win chance
- Three-team parlays go down to 12.5% chance
- Four or more choices see win odds drop quick
Understanding how parlay odds work is needed to make smart bet plans and pick well.
The Main Steps of Parlay Betting
A parlay bet puts many bets into one slip, with all picks needing to win for a good payout. This deeper bet plan pulls in sports fans looking for bigger possible money despite more risk.
Know Parlay Math
The core of parlay betting is on huge chance math. Each new bet cuts down win chance but ups how much you could get:
- Single bet: 50% win chance
- Two-team parlay: 25% win chance
- Three-team parlay: 12.5% win chance
Why Bookies Like Parlays
Sportsbooks push parlay betting because they have a big house edge. The low win rate of multi-leg wagers means more money for them, even with the big payouts for bettors.
Get Parlay Odds and Payouts
The way parlay betting works is by timesing each bet’s odds to find out all possible payouts. For a three-team parlay with odds of -110 per pick, bettors can expect about 6-to-1 returns on what they put in.
Most sportsbooks use set parlay odds charts not just pure math, leading to a bit less money than what deep math says. For instance, the usual two-team parlay with -110 odds on both – while true math says a 3.16-to-1 return, bookies mostly offer 2.6-to-1.
Types of Parlay Bets
Normal Parlays
Regular parlay betting puts many bets into one slip. These bets need all picks to win for a good payout.
While normal parlays offer max money chance, they come with big risk due to their all or nothing style. The mixed odds make these bets a big pull for those wanting a lot of money from small bets.
Round Robin Parlays
Round robin betting makes a smarter way to parlay bet by making smaller parlay combos from your picks. This bet way makes many small parlays from a bigger set of picks.
A three-team round robin makes three distinct two-team parlays, giving some safety against single-game losses while keeping parlay-like returns.
Good Parts of Parlay Betting
Chance for Big Money
Parlay betting has a big chance to make a lot of money from small bets. A key $10 parlay bet can turn into $150+ payouts with right guess of many game results. The edge comes from big math on odds, making way higher chances to get money than single bets.
Risk Care Through Mix Events
Multi-event betting helps keep money safe. Rather than all risk in one game, a parlay plan lets bettors put their bet across many games. A $100 parlay spread across four games keeps fun high while keeping risk in one bet amount low. Gambling Tax Laws You Should Know
Usual Parlay Betting Mistakes
Know Parlay Risk Care
Casual bettors often slip up when making parlay bets, hurting their money over time. The biggest slip-up is putting too many legs in parlay bets, where each extra pick cuts down win chance big. Statistics say that 3-4 team parlays balance money chance and risk best.
Linked Events and Odds Pick
Linked events are a big gap in parlay betting plan. Most sportsbooks stop or change odds against mixing linked results, like putting a team’s moneyline with spread bets in the same game. Another big error needs watching big favorites (-200 or more) in parlay combos, which adds a bit to possible money but ups risk a lot.
