Baltimore Ravens (-210) over Indianapolis Colts.Let’s use moneyline odds as an example for this one. There’s two key factors to consider - the number of teams or picks you include in the parlay, and the vig or juice on those picks. Parlay bets vary drastically in terms of odds and payouts. As you can see, parlay bets require less risk with a bigger reward when they hit, and that’s one reason NFL parlays are extremely popular. If you had wagered on each individual game instead of a parlay bet, you would have needed to risk a total of $330 to win $300. You can instantly calculate payout amounts and play around with different odds using our free parlay calculator

Taking the -110 vig or juice on each game into account, this parlay would payout $596 if it hits.

Kansas City Chiefs (-7) over Tennessee Titans (-110)Ī three-team parlay generally pays out at 6-1 odds.

Chicago Bears (+3.5) over Green Bay Packers (-110).

New England Patriots (-6.5) over Miami Dolphins (-110).

Rather than making multiple bets, you could risk $100 on one three-team parlay and go for a bigger payout with less monetary risk. What does a standard parlay bet look like? Let’s say you are a fan of NFL betting and you like three Sunday games on the board. The parlay bet is a winner and will payout as a four-bet parlay. Let’s say you have a five-leg parlay and get the first four picks correct. That specific pick is just removed from the parlay bet and the potential parlay payout drops accordingly. If one of those picks results in a push, don’t worry. But you have to get the entire parlay correct or the bet loses. You can add as many wagers as you want to a parlay bet - most sports betting sites will allow two-bet parlays all the way up to 10-bet parlays. Or they could place a parlay bet, combining all those games into one single wager. A sports bettor looking to bet on multiple games could make individual wagers on all those games and hope to win more than they lose. The key is that you have to win every bet in that parlay in order to cash in.Īll sports bettors are familiar with spread bets, moneyline wagers and Over/Unders. Parlay bets are a series of straight bet wagers grouped together in order to create bigger payouts.

Moneyline vs spread parlay