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Sports Betting 102 - Parlay Sportsbook Odds and True Odds
A parlay wager is a bet on two or more games that pays higher odds than betting on the outcome of both events. The drawback is that the odds aren't right and that if one selection loses the whole parlay is a loss.
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# of plays
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Sportsbook Odds
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True Odds
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2 plays
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13-5
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3-1
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3 plays
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6-1
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7-1
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4 plays
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10-1
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15-1
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5 plays
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20-1
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31-1
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6 plays
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40-1
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63-1
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7 plays
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80-1
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127-1
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The more events parlayed, the worse the odds shift in the casinos advantage. The advantage to the sports bettor is that parlays give you leverage to win more money on two teams who are playing at the same time.
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