SportsbookGurus.com - Sportsbook Wager Types - Parlay Betting

A parlay bet is defined as individual bets which link two or more selections in a single bet. Each selection chosen in the parlay must win for the parlay ticket to be successful. If the first selection is a winning bet, the winnings and the stake are carried over on to the second selection.

Many new sports bettors have heard the term of Parlay Bets before but were not quite sure exactly what it was. SportsbookGurus.com is here to explain it to you and make it very clear to even the beginning sports gambler. A parlay bet consists of two or more (usually up to 12) selections that make it into essentially one large bet. In order to successfully win a parlay though, all your bets have to be correct or at least tie. So if you make a five game parlay and you go 4-1, it is credited as a loss. This in turn makes parlays quite difficult to hit, but also makes the payout much more than just simply betting straight up on individual teams.

1. To make this a parlay wager, click the Parlay tab at the top of your Bet Slip. Once you do, Parlay will be underlined in green, and your wager will become a parlay. You’ll enter your total wager for the parlay below the games, and, as you can see, your potential payout for the same $20 bet now becomes $79.59 if both games win, since combined, they return odds of +298.
2. Place a parlay now. You must choose a minimum of two lines, up to a maximum of 12 to place a parlay. A ‘Push’ reduces the number of selections in the parlay. For example: A four-team parlay with two ties reduces to a two-team parlay. The payout is re-calculated based on the reduced number of teams.

You can make Parlays on many different games including NFL, NBA, MLB, NHL, College Football, and many more at online sports gambling sites. You can really put a parlay bet on just about any type of games and even mix and match your parlays like betting on point spreads and over/unders. For example you could have a three game parlay for a Boston Celtics win, Atlanta Falcons loss, and a Chicago Cubs win by 1.5 runs (2 runs or more).

Calculating the payouts is very easy as well. It just takes a little math and plugging in the numbers. For example, say on Sunday you want to bet on NFL games. You could make a four game parlay with four different teams to win big. Say you want to bet on pick a winner for all your bets. You bet on an Oakland Raiders win (+145), a Denver Broncos win (-110), a Tampa Bay Buccaneers win (-110) and a New York Giants win (-125).

Your first step is to convert the moneyline to a decimal. For the negative moneylines, you divide 100 by 110 twice (Broncos and Buccaneers) which gives you .90 and 100 by 125 once (Giants) which gives you .80. For the positive moneyline, you next would divide 145 by 100 (Raiders) which gives you 1.45. Step 2, requires you to add 1 to all the calculations so you now have 1.9, 1.9, 1.8, and 2.45. You final step requires you to multiply your risk amount with all of your calculations, then subtract your originally risk amount. So if you risked $50 for the bet it would look like this: $50 x 1.9 x 1.9 x 1.8 x 2.45-$50= $746. That is truly a large sum of cash to win from just $50, but then again hitting four games is particularly tough as well. To make it easier, take advantage of Sports Gambling Bonuses.

What happens if I push one of my bets in a parlay?

Parlay Push Rules Game

Did you push one of your bets in your parlay? Don't worry, you still get paid!!! As I stated earlier, if a tie happens in one of you parlays, the payout will go down one team. If it is a 2 team parlay, you will get basicly get paid for making a straight bet on the game you won. So for example if you made a five game parlay and won four while tying one, you would get a four game parlay payout. Also note that a tie can occur in the MLB if you bet on a game and the starting pitcher changes. If a game is cancelled, incomplete, postponed or rescheduled, your parlay will also drop one game without a loss penalty. Overall, Parlay Wagering is great because of the little amount of money you have to risk vs. the large amount of money reward, but in the end you will have more losing days than you will winning days.

Can I Parlay Two Wagers In The Same Game?

This will be unique to the sportsbook that you are signed up with. Some sports betting sites have different parlay rules than others. Fortunately we've got reviews on the best betting sites for parlays that will be able to provide some more information and links to the sportsbooks themselves for clarification. Parlay bets will not only vary book to book, but can also be different depending on the sport and the type of bet that can be placed. The best advice is to check out reviews of the books and from there to visit the site and read up on the terms and conditions of a parlay bet.

Standard parlay payouts are listed below, although they vary:

Number of gamesPayout

2. 2.6/1
3. 6/1
4. 11/1
5. 20/1
6. 40/1
7. 80/1
8. 150/1
9. 300/1
10. 700/1
11. 1,100/1
12. 1,800/1

Sportsbook Wager Types:

Best Sportsbooks For Parlay Betting

Parlay Push Rules Rule

The best sports betting sites are the ones that give account holders different options to wager freely. One of the key components of this extends to parlay bets. Aside from a straight wager, a parlay is the most popular bet placed at a sportsbook. Below, you'll find information on some of the top online sports betting websites that feature varying types of parlay action for different sports that bettors are able to use. Each site might have some unique aspects to parlays, but all offer some great ways that bettors are able to make money by betting them.

Bovada - Huge Parlays Available

Without a doubt, Parlay Bets are the funnest way to best money at sportsbooks. Bovada is where many verteran sports bettors go to place their bets because of their selection of games and bonuses. Make your first deposit at Bovada and earn an additional 50% in match bonuses.

Bovada accepts deposits in the form of VISA (credit, debit, gift, prepaid) bank wires and cash wire transfers. Try Bovada and you'll soon realize why those who love wagering on sports have made it their home for all online betting.

BetOnline - Cross Sport Parlays

Everyone who knows about sports betting knows about BetOnline. With that said, anyone who knows about BetOnline is a fan of Parlay betting. The reason? BetOnline has some of the best odds on parlays that can be found anywhere. Beyond that, BetOnline has a generous sportsbook bonus worth up to $1,000 with a 25% total deposit bonus on every deposit.

Smart users can make that bonus last for a while if they bet your parlays intelligently but there is always another one waiting as a backup. BetOnline also has extremely easy deposit methods that make it super simple to place a wager.

Sportsbooks That Have Parlay Wagers

Parlay Push Rules Meaning

Sports Betting rules: (How to bet, types of bets.)

The basics

The main object of sportsbetting is to beat the 'Oddsmakers' or the 'Odds Compilers' and win some money. Additionally, placing a bet on your favorite sport event makes the game exciting and more enjoyable.

Betting is done through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. You can bet on the outcome of several sporting events, such as; Baseball, Basketball, Football, Tennis, Hockey, Snooker and Soccergames.

Parlay Push Rules Card Game

To place a sportsbet, you go to a sportsbook, physical or online. You could also bet over the phone with many sportsbooks. Note that a sports book or sportsbook is not the same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a person who sets the betting odds.

You need to state what you are betting on by making a selection, the type of bet and the amount you are wagering. Your selection will obviously depend on the odds offered, so you will want to examine the range of odds available before you make a decision.

There are many types of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the more common types of bets.

Straight bet or Single. This is the simplest and most common bet. You bet on a winner at given odds.

Point Spread. This bet lets you bet on a winner from two selections who have been made equal by allocating appropriate points to the underdog team. The Point Spread is the number of points allocated and is shown with a - sign for the favorite and a + sign for the underdog. The favorite has to win by more than the Point Spread for you to win, otherwise you lose your bet even if the team wins. Inversely, if you bet for the underdog, that team has to lose by less than the Point Spread for you to win. If the favorite wins by the exact Point Spread, then it is a push or a tie. You get your bet back. To eliminate a tie result, the oddsmakers sometimes include a half point spread. Since scores use full numbers only, one team has to win outright.

Buy Points. Also, to buy Key Points. Move the Point Spread favorably at a price.

The Moneyline. This establishes the odds for each team but inversely proportional to what would have been a Point Spread, and is indicated by a + for the underdog and a - sign for the favorite. Say team A is favorite and quoted at -180 and B is the underdog at + 120. The bets offered would be 10:18 odds-on for the favorite, and 12:10 for the underdog. For every $180 you bet on A you would win $100 or lose $180, but for every $100 you bet on B you would win $120 or lose $100.

Total. A bet for the number of points scored in the game by both teams combined, including points scored in overtime.

Over/Under. A bet that the combined number of points scored by the two teams in the game will be Over or Under the total set by the oddsmaker.

Parlay or Accumulator. A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the first win on the bet of the following game selected, and so on. All the selections made must win for you to win the parlay. If a game is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.

Teaser. It is like a parlay, but with the option to add or subtract points (called 'moving the line') from one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. The odds vary according to the number of points the spread is moved and the number of teams combined to form the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse than the parlays.

Parlay Push Rules Poker

If-wager. A bet that allows the bettor to make a second wager, up to an equal amount, pending a win on the first selection.

Open Wager. Open wagers allow the bettor to play teasers or parlays making a selection at different times and even different days.

Future. A bet on a future event. At the start of each season, the sportsbooks give out odds for teams to win a certain championship. The odds change as the game date approaches and in most cases get shorter, but if you win you get paid at the original odds that you took. This is possibly one of the most profitable bets if you have considerable knowledge of the sport that you are betting on including the players, and a good sense of judgement.

Exotic Bets. Betting on unusual events. Some sportsbooks post odds and take bets on a wide variety of other sports related events and activities. A few others will take bets on just about anything you can think of.

Parlay Rules Push

Proposition Bet or Prop Bet. An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.

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