Parlay Wagers

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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.

 

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 only choose 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

+450

 

 

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:

  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 Sport Parlay 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".