Payouts on a 2 team parlay are standard throughout the industry at 13/5. Sportsbooks will pay $2.64 for every $1.00 wagered.

A NFL parlay or accumulator is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. Many experienced bettors will joke and say the parlay is French for “loser”. Many professional sports bettors will stay away from parlays due to the fact that the odds of hitting parlays are substantially less than what should be paid for these very hard bets. NFL parlay bets are paid out at odds higher than the typical single game bet, but still below the odds. For instance, a common 2-team parlay might have a payout of 13:5 if both picks are correct. In reality, however, if one assumes that each single game bet is a coin flip and would be expected to pay out at 1:1, the true payout should instead be 3:1, a substantial difference.

A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games. The allure of these bets has always been a larger payout than choosing a single team to win. A round robin parlay is a way to bet multiple parlays on one ticket. The best thing about this is that you don’t have to win all the parlays to win your bet. It is a way to create unique combinations with good solid odds. The payout odds on each parlay are the same odds that you would find on a standard parlay. Football Parlay Bets A parlay is a wager on multiple games all placed into a single bet. In theory the payout for a 2-team parlay is the same as if you bet one game, collected your winnings plus stake, and then bet the winnings plus stake on a second game.

Now one has to take into account that the true parlay odds on a 2 team parlay at -110 (standard vigorish) is +264 roughly right around 13:5 so most bookmakers do offer fair odds on 2 and 3 team parlays. Once you get over the 3 team parlay is when the bookmakers start to juice the odds against the player. For more on this see our 4 team parlay article.

I will outline an example below of a traditional parlay bet; you place a three-team NFL parlay on the Giants -3, Eagles +7, and Dolphins +4, If any one of those teams fail to cover the spread, then you lose the parlay bet. But if all three teams cover the point spread in their games, then you will win somewhere in the area of 6:1, which means you would win $600 for every $100 that you bet. If you push on one of those picks, you then have a two-team parlay and the odds would revert to the bookmakers current 2 team parlay odds. If you push on two picks, you would then have a straight bet.

Parlays are a bet that most professional gamblers will not even sniff at. You can make much more money betting each NFL game by itself and not have an entire bet ruined by just one game. For instance if you were to bet $100 each on four games instead of betting $400 on a four team parlay, your odds to make money on your bet would be substantially increased. If you were to win three out of the four games, you end up with roughly a 50% on your bets, however, if put into a parlay winning three out of four ats gets you absolutely nothing besides maybe a stomachache for coming so close but falling short.

Now with that being said, pro gamblers haven’t completely removed the parlay bet from their arsenal. There are 2 situations when a professional sports bettor will consider a NFL parlay as high as 3 teams. First they will never go over a 3 team parlay since that is the cutoff point at which bookmakers are still offering objective odds. The primary reason when a professional gambler would consider a parlay would be if both of the bets are dependent on one another. Meaning if this outcome happens then this outcome is also likely to happen. These types of sports bets are called correlated parlays. You can read more about these profitable types of bets in full detail here. Correlated parlays are considered the homerun type bet that bookmakers fear the most.

The other setting where a professional sports bettor will bet a parlay is when they are trying to circumvent the betting limits. Let’s say the opening numbers come out and he sees 2 games he likes and knows the numbers are going to move but the betting limits are only $500. This bettor normally bets $1000 per game. Because sportsbooks normally don’t have limits on parlays, a pro may make a $2000 parlay bet on those 2 games to make sure he gets down as much as he normally does. By placing this parlay wager the player is guaranteed his normal stake on a game before the odds move thus making a parlay bet attractive.
To be honest over the course of one’s life there will be a few parlays that you hit here and there, however betting NFL parlays with more than 3 teams is not a wise way to make money in the long run. The reason that bookies and bookmakers still exist is because of people betting parlays and ending up just one game short. The bookmakers increase their profits on the bets, and that is why a lot of the times it is promoted on a gambling website or at the casino sports book. Rule of thumb is that if the bookmaker is offering you something too good to be true (i.e. return on bet) than it usually is. Be a smart sports bettor when it comes to NFL parlays.

How does a Parlay work?

Select as few as two or as many as fifteen teams and combine them in one wager. All selections must win for your parlay to be successful. You can combine spreads, totals and moneylines.

What are the advantages?

The benefit of the parlay is that it gives a much higher payoff than if you were to place each bet individually since it’s harder to win all your selections.

Conditions:

• If there is a tie or no action, the parlay reverts to the next lowest number for pay-off, for example: if you select 4 teams and one of those ties, it becomes a 3 team parlay. A tie and win on a 2 team parlay pays out as a straight bet.
• You cannot combine ‘connected’, ‘dependent’ or ‘correlated’ events in the same parlay.

Payout Table:

The odds quoted in the pay-off table below only hold true if all selections in the parlay are at the standard price of -110 (football and basketball spreads and totals).
Variations in the prices will cause variations in the pay-offs.

Calculating a Parlay:

If the odds in the parlay are not all -110 then the (true) parlay odds are calculated according to the different prices. This is done by multiplying the prices of the selections together, but remembering to include the stake amount. Let's assume you place a $10 parlay on 2 selections, with odds of -180 and +250. The calculation to work out your return is as follows:

First of all, convert the odds into decimal format (just use our decimal format option to view your odds):

With ‘favorite’ prices (denoted by a – (minus) sign):

100/180 = 0.556 and add 1 (to include the stake) = 1.556

With ‘underdog’ prices (denoted by a + (plus) sign):

250/100 = 2.5 and add 1 (to include the stake) = 3.5

Then, to find your total potential return, multiply these odds together and with the stake: 1.556 x 3.5 x $10 = $54.46

Progressive Parlays

A Progressive Parlay is very similar to a normal parlay but, in exchange for not getting as big a payout for picking a perfect combination, you are getting insurance for those occasions when one or more of the teams in your parlay loses.

These can be between 4 and 12 teams but you can onlychoose point spreads (no totals or moneylines). In these parlays you can lose games and still win the bet because the payouts are lower.

4 - 6 teams... you can afford ONE team to lose/push
7 - 9 teams... you can afford TWO teams to lose/push
10 - 12 teams... you can afford THREE teams to lose/push

The Progressive Parlay Payout Table

Below the table in American Odds:

Please note that Progressive Parlays also differ from regular parlays in the following ways:

• Progressive parlays are not available for MLB, NHL or money-line wagers in football or basketball.
• In a Progressive Parlay, a push or a tie is considered a loss for that selection. However, if a selection has no-action (due to postponement or cancelation), the bet will revert to the next lowest progressive parlay for payoff, except in the case of a 4 team progressive parlay where it results in a no-action on the whole parlay.

Round Robin Parlays

How a Round Robin Parlay works:

Make between 3 and 6 selections and wager on some or all of the possible parlay combinations in one go. Each of the parlays comprising the Round Robin is a separate wager.

You can combine spreads, money lines, totals and different sports in Round Robin parlay bets.

Example:

A three-team Round Robin bet for $10 placed two-ways would consist of all the two-team parlays that can be made from the three teams selected. Taking the Colts, the Eagles and the Giants (all to cover the spread) two-ways, you would be creating three separate two-team parlays and the total cost of the bet would be $30:

Football Parlay Odds

With the above example in mind, you also have the option to place a three-way Round Robin side bet to increase your potential payout (a three-team parlay including all three teams). If you wish, you may risk a lower amount on this 3-way bet, as it may be harder to win:

How Does A Football Parlay Working

With the selection of 4, 5 or 6 teams, further combinations are possible:

To place a Round Robin Parlay please follow these steps:

1. Log-in to your account
2. Choose the sport type on which you wish to bet
3. Add your selection(s) to your betting ticket by clicking/tapping on your selected odds/prices on the betting card
4. As soon as you have made at least three selections Round Robin Parlay will appear on the Parlay tab visible at the top of the betting ticket.
5. Choose the required parlay combinations (2, 3, 4, 5 and/or 6-way) and the amount you would like to wager on each group of combinations.
6. Review your selection(s) again before clicking/tapping PLACE BET.

The table above illustrates the possible number of combinations for the different sizes of Round Robin. It is not obligatory to choose all combinations.

Furthermore, it is possible to vary the amount risked on each group of combinations. For example, if you are making a 4 team Round Robin with 2-way and 3-way combos, you may wish to bet a higher amount on the 2-way combos which are easier to hit and a lower amount on the 3-way combos in which it would be harder to be successful.

The total value wagered and total potential payout will be displayed on the summary on the lower right hand side of the window. Once you have submitted your wager, a range of Bet IDs will be provided. Please make a careful note of the range for wager tracking purposes. (Please note: Bet IDs within the range may not necessarily be sequential).

All Sport Parlay Wager

The All SportParlay Card (also known as a Cross Sport Parlay Card) offers the opportunity to place a parlay bet on a variety of different sport-types including US and non-US sports. Log in to your account and click on PARLAY CARDS > All Sport Parlay Card to display all the lines we're currently listing for use between sport types.

Alternatively, you may also be able to parlay events which do not appear together in the same parlay card. For example, bet soccer and baseball in the same parlay. Or parlay the 1st half lines of an NFL game with a boxing match.

How Does A Football Parlay Work

To do this, simply add to the betting ticket the line of one of the events you would like to parlay, let's say a boxing fight, from the BOXING + MMA section of the site, then go to theNFL area and add to the betting ticket the first half line you want, if they can be parlayed the system will show the option to do so in the betting ticket.

You will not be given the option to buy points on US football, basketball spreads or totals. The maximum bet allowed depends on the prices of the selections in the parlay. You can find out the maximum you can lay by clicking the max bet button. Events available on the All Sport Parlay Card may vary depending on the day and time.

Note: Management reserves the right to limit the maximum amount wagered prior to acceptance of any bet.
No parlay wagers can be accepted where individual wagers are 'connected', 'dependent' or 'correlated'. For further details, check 'correlated events'.