Sportsbook Parlay
Posted : admin On 7/17/2022How does a Parlay work?
Types of wagers include straight bets, parlays, match-ups, futures, props and in-play betting. Our easily accessible casino and Sportsbook features lounge seating with individual viewing stations, 24 odds-display monitors and 50 feet of wall space dedicated to 80-inch TVs for viewing the best games. 3) One advantage parlay betting does have is you can forecast how one game will play out and fill two legs of a two team parlay with the spread and total, making it a correlated parlay. Correlated parlays can work to the bettor’s advantage. The most common correlated parlay is betting the underdog and the under or the favorite and the over. Number of Bets in Parlay Fair Payout (-110 Odds) Fractional Odds Fair Payout on a $10 Bet Implied Win Probability; 2 Team Parlay: 3.64: 2.64/1: $36.45: 27.4%. Sportsbook 360.Any wagers placed on events that have been canceled will result in a refund or reduced parlay if additional legs of the parlay have action. Wagers placed on season long markets for leagues that are currently suspended are considered Action, at this time. If you have further questions please email Sportsbook@RWCatskills.com. Sportsbook 360 Continue Reading Sports Betting. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you.
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.
Payout [all prices -110] | American Odds | |
2 Teams | 13 to 5 | +260 |
3 Teams | 6 to 1 | +640 |
4 Teams | 10 to 1 | +1000 |
5 Teams | 25 to 1 | +2500 |
6 Teams | 40 to 1 | +4000 |
7 Teams | 75 to 1 | +7500 |
8 Teams | 150 to 1 | +15000 |
9 Teams | 300 to 1 | +30000 |
10 Teams | 700 to 1 | +70000 |
11 Teams | 1,100 to 1 | +110000 |
12 Teams | 1,800 to 1 | +180000 |
13 Teams | 3,500 to 1 | +350000 |
14 Teams | 5,000 to 1 | +500000 |
15 Teams | 10,000 to 1 | +1000000 |
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
All selections win | 1 loss | 2 losses | 3 losses | |
4 Teams | 5/1 | 1/1 | -- | -- |
5 Teams | 11/1 | 2/1 | -- | -- |
6 Teams | 20/1 | 7/2 | -- | -- |
7 Teams | 40/1 | 4/1 | 1/2 | -- |
8 Teams | 75/1 | 10/1 | 2/1 | -- |
9 Teams | 150/1 | 20/1 | 5/2 | -- |
10 Teams | 250/1 | 25/1 | 3/1 | 1/1 |
11 Teams | 400/1 | 60/1 | 5/1 | 1/1 |
12 Teams | 900/1 | 80/1 | 10/1 | 3/1 |
Below the table in American Odds:
Progressive Parlay Size | All Win | 1 loss | 2 losses | 3 losses |
4 Teams | +500 | +100 | ||
5 Teams | +1100 | +200 | ||
6 Teams | +2000 | +350 | ||
7 Teams | +4000 | +400 | +50 | |
8 Teams | +7500 | +1000 | +200 | |
9 Teams | +15000 | +2000 | +250 | |
10 Teams | +25000 | +2500 | +300 | +100 |
11 Teams | +40000 | +6000 | +500 | +100 |
12 Teams | +90000 | +8000 | +1000 | +300 |
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:
Parlay | Teams | 2 team parlay odds | Bet amount | To win | Return |
# 1 | Colts and Eagles | 13 to 5 | $10 | $26 | $36 |
# 2 | Colts and Giants | 13 to 5 | $10 | $26 | $36 |
# 3 | Eagles and Giants | 13 to 5 | $10 | $26 | $36 |
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:
Parlay | Teams | 3 team parlay odds | Bet amount | To win | Return |
# 4 | Colts and Eagles and Giants | 6 to 1 | $5 | $30 | $35 |
With the selection of 4, 5 or 6 teams, further combinations are possible:
Parlay combinations within Round Robin | ||||||
Size of Round Robin | 2-way | 3-way | 4-way | 5-way | 6-way | Total no. of combinations |
3 team | 3 | 1 | - | - | 4 | |
4 team | 6 | 4 | 1 | - | - | 11 |
5 team | 10 | 10 | 5 | 1 | - | 26 |
6 team | 15 | 20 | 15 | 6 | 1 | 57 |
To place a Round Robin Parlay please follow these steps:
- Log-in to your account
- Choose the sport type on which you wish to bet
- Add your selection(s) to your betting ticket by clicking/tapping on your selected odds/prices on the betting card
- 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.
- 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.
- 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.
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'.
Beneil Dariush vs. Carlos Diego Ferreira
UFC Lightweight Bout
Saturday, February 06, 2021 – 09:05 PM EST at the Apex Centre
The Fight
Two of the most devastating knockouts of 2020 were produced by Beneil Dariush, and now the Kings MMA (19-4) martial artist will test his evolution against a familiar foe. Diego Ferreira has been running through the opposition, and a 17-2 record with a six-fight win streak will now be put to the test versus the man responsible for one of Ferreira's two career losses.
UFC Parlay Pick
Since their first meeting in 2014, each fighter's striking game is sharper, more precise, and indeed more dangerous. But the slight advantage should lean with Dariush, and the price does not make sense. The available UFC odds with Sportsbook Review favour Ferreira, but their first fight was a unanimous decision and stylistically favoured Dariush in all areas. The only threat I see for Dariush would be Ferreira's finishing ability, but even then, I believe Dariush has all the tools to defend the offence of Ferreira.
UFC parlay pick: Beneil Dariush to win (+100) with BetOnline (visit our BetOnline Review)
Ode Osbourne vs. Jerome Rivera
UFC Featherweight Bout
Saturday, February 06, 2021 - 09:00 PM ESTat the Apex Centre
The Fight
Jerome Rivera's debut was underwhelming when Tyson Nam knocked him out in the second round. Francisco Figueiredo manipulated the easily readable leg kicking game of Rivera and will now face Ode Osbourne in his third UFC bout.
Sportsbook Parlay Limits
Ode Osbourne has some proficient striking offense, a natural southpaw who often switches stances should have no problem handling Rivera's kick threat. The length and utilization of his longer reach will more than likely cost Rivera the fight.
UFC Fight Prediction
I expect Ode to have the striking advantage at range, I worry for some past mistakes in grappling that Ode has made, but so long as he sticks to a game plan, I envision Ode winning by finish or decision.
Rivera's lack of takedown offence and fight IQ might be low enough to assist Ode in out striking his opponent for the full fifteen minutes. I would not put my money behind the decision prop, but I do believe that Rivera is tough enough to handle the onslaught.
UFC parlay pick:Ode Osbourne to win at (-185) with BetOnline
The UFC in Vegas 18 Punching Parlay
- Dariush to win [+105]
- Osbourne to win [-185]
UFC IN VEGAS 18 MAIN CARD ON ESPN & ESPN+
Don't forget to use our parlay calculator to easily determine your bets' pay-out quickly: 1u stake returns 2.08u profit.
Sportsbook Parlay Payout
*The pick reflects the line at the moment the writer made the play, the odds at the beginning of this article show the live line movement. Since the lines might vary, don’t forget to refer back to our live odds.