What is a parlay?
Parlays are some of the most popular bets in all of sports betting. They must have at least two bets and for each leg you add, you can win more money. Bettors are attracted to them because you can win a lot of money without risking much. A parlay is when you combine multiple individual bets in hopes of a higher payout. For example, if you parlay two bets at -110, your payout would be +264. The catch is that every leg has to hit, otherwise the parlay loses!
The more bets you include in your parlay, the higher the payout will be. This also makes it much harder to win as every leg needs to hit in order to make money. You can also increase your payouts by including underdogs instead of favorites. The difference between three legs of -150 instead of +120 can be substantial.
If one leg of the parlay “pushes” or “ties” most sportsbooks will lower the odds of the payout. For example, if you have a five-leg parlay and one leg pushes, it becomes a four-leg parlay. The free parlay calculator at 4for4.com can help you calculate what your payout will be if that does happen.
How do you calculate a parlay?
The easiest way to calculate the winnings on a parlay is to use our free parlay calculator! To use the parlay calculator, enter the amount of money you want to wager in the “wager amount” section. Then enter the “juice” that each corresponding “leg” or “play” has in order to get your calculated payout! If you are doing more than a three-leg parlay, click “add additional legs.”The more legs you have in the parlay, the higher the payout.
Sportsbooks like FanDuel offer parlay boosts every day! Sign-up and play at FanDuel here (insert link).
Parlay Payout Chart
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How do I get the best price on a parlay?
Finding the best price on a bet is very important when betting on sports. This is especially true for straight bets but also applies to parlay. Why would you want to win $200 on a bet when you can win $250? That might be a bit of a stark example but bettors make this mistake all the time. If you are looking to maximize how much money you make in the long-run shopping for the best odds is imperative. To find the best odds on a side, total, or moneyline, check out our FREE odds game table (https://www.4for4.com/game-betting-odds). If you are parlaying props, use our “prop finder.” https://www.4for4.com/player-prop-finder). You can easily find the best odds from multiple sportsbooks using these two tools.
When should I bet a parlay?
Parlays are a great way to maximize the upside of a bet. If you make two straight bets, also parlaying them can be a fun way to make more money as well. With that being said, wagering responsibly is also very important when considering betting a parlay. Parlays may be fun because you can win more money but that’s because they are hard to hit. Understanding how much of your bankroll you are able to risk before betting a parlay is important.