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Sports Betting 101 - Parlay Bets
A parlay is a combination of 2 to more straight wagers placed as one wager. In order to win the bet, all your picks must be winners. This higher risk will result in a greater payout, calculated according to the money lines. If there is a tie or 'No Action' among the selections made, the parlay reverts down to the next lowest number for payoff. In the case of a 2-team parlay, it will revert down to a straight wager.
Example:
You want to make a 5 team parlay: Miami -5, New York +3, Seattle -4, New Jersey +7, San Francisco -8
If you bet $10 and all these games win, you win $210 at 21/1 odds. If 4 of the games win and 1 of the games is pushed (or considered "No Action"), you would wins $110 at 11/1 odds. If 1 of the games loses, you only lose $10 because the parlay loses.
Read more about parlay bets at Parlay Odds.
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ACSportsbooks.com Parlay Bets
