Wednesday, 26th October, 2016

Casino Answers » Sports Betting » Sports Betting Beginner Questions » What Is A Parlay Bet?

What Is A Parlay Bet?

A Parlay bet is a multiple bet where you bet on a series of results. In order to win the bet all of the selections you’ve made must win. For this reason a parlay bet is also known as an accumulator, as your winnings are accumulated as each part of the bet wins.

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Parlays are a very popular bet with casual gamblers as though they offer a greater risk; they also offer a greater reward. A parlay bet is like a let it ride bet in roulette, where you allow your winnings to stay on a number after it comes in, in the hope of accumulating a much bigger win. The best thing about parlay bets is they allow you to increase the payout of a number of results through combining them – but this also increases the risk you take.

There are two main types of parlay bet, a normal parlay bet, and a spread parlay bet. While spread parlay bets tend to offer standard
John places a $10 parlay bet of three results on Major League Soccer – the New York to beat San Jose at 7/10, and Columbus to beat Colorado at 11/10. In order for John to win the bet, both results must come in. If only one of his selections win then John loses the whole bet. If both results win then John would win as per the following calculation.

$10 bet on New York to beat San Jose at 7/10 – returns $17
This $17 is then rolled on to a bet on Columbus to beat Colorado at 11/10 – returns $35.70

It is worth remembering that losing even just one game on a parlay bet can ruin your bet, as it counts as a loss. Having a 100 team parlay bet and one losing would pay out exactly the same as if 99 lost – absolutely nothing.

You can often get push results in parlay bets when you bet on the spread. When a push happens in one of your results then that game is removed from the bet.

For instance Dan places a four team spread parlay bet on the Bengals, the Falcons, the Redskins and the Bears If the Falcons, Redskins and Bears all beat the spread, but the Bengals finishes on a tie with the spread, then Dans bet becomes a three team parlay.

Some bookmakers have special rules for pushes that can sometimes be slightly different to this, so it’s always worth checking what your favourite online sports books rules are for push bets.

Calculating your winnings for a parlay can sometimes be quite complicated if you are in a live bookmakers, however when you place a parlay bet online you can instantly see the odds given.

More seasoned gamblers often prefer to avoid parlay bets due to the increased risk of placing multiple bets. However for some a parlay bet is a good way of increasing value from a number of favourite results to make their bet have a higher payout if their predictions are correct.

A great sportsbook for Parlay Bets is 5Dimes.

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