Parlay Bet Odds

2021年6月11日
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Sep 29, 2020 Different sportsbooks have different odds, so when placing a parlay bet it is best to first do your research. Additionally, payouts for parlay betting are fixed at the time the bet is made. So even if the odds change throughout the season, the parlay odds will not change for or against you. There are several variations in parlay betting. Parlay odds make it that you can get a lot more for your $10 than betting just on the Raiders to win. The risk is greater – but so is the potential payout. How do Parlay Odds Work? These kinds of wagers can include just two legs or increase in size – depending on your bookmaker – to whatever you want to include. A parlay is a single bet that links together two or more individual wagers for a high payout. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected.
*Parlay Odds Table
*Football Parlay Bet Odds
*Odds Parlay Calculator
*How To Calculate Parlay Bet Odds
*How To Win Parlay Bets
A parlay, accumulator (or acca), combo bet or multi is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately, since the difficulty of hitting all of them is much higher. If any of the bets in the parlay lose, the entire parlay loses. If any of the plays in the parlay ties, or ’pushes’, the parlay reverts to a lower number of teams with the odds reducing accordingly.Odds and payout[edit]
Parlay bets are paid out at odds higher than the typical single game bet, but still below the ’true’ odds. For instance, a common 2-team NFL parlay based entirely on the spread generally has a payout of 2.6:1.[citation needed] In reality however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1 (10% expected value for the house). A house may average 20-30% profit on spread parlays compared to perhaps 4.5% profit on individual sports mix parlay bets.
Aside from ’spread’ parlays, another way to parlay is to bet on two or more teams simply winning straight up. In order to calculate the payout of this parlay, one must multiply out the payout for all games. For example, if 3 teams are -385 favorites, a successful parlay on all 3 teams winning would pay out at a ratio of approximately 1/1. This is because (385/485)^3 is approximately 50%.Examples[edit]Typical payouts for up to 10 team parlay bet[edit]
The following is an example of a traditional Las Vegas Parlay Card at William Hill Sports Book, which shows the typical payouts for an up to 10 team parlay bet based on -1.10 prices (amount won is assuming $100 is bet)[citation needed]:NumberOddsAmount wonPayout2 Team Parlay2.6 to 1$260$3603 Team Parlay6 to 1$600$7004 Team Parlay11 to 1$1,100$1,2005 Team Parlay22 to 1$2,200$2,3006 Team Parlay45 to 1$4,500$4,6007 Team Parlay90 to 1$9,000$9,1008 Team Parlay180 to 1$18,000$18,1009 Team Parlay360 to 1$36,000$36,10010 Team Parlay720 to 1$72,000$72,100Profitability of parlays in sports betting[edit]
Many gamblers have mixed feelings as to whether or not parlays are a wise play. The best way to analyze if they are profitable in the long term is by calculating the expected value. The formula for expected value is: E[X] = x1p1 + x2p2 + x3p3…xkpk . Since the probability of all possible events will add up to 1 this can also be looked at as the weighted average of the event. The table below represents odds.[citation needed]Parlay Odds Table
Column 1 = number of individual bets in the parlay
Column 2 = correct odds of winning with 50% chance of winning each individual bet
Column 3 = odds payout of parlay at the sportsbook
Column 4 = correct odds of winning parlay with 55% chance of winning each individual betNumber of individual betsCorrect odds at 50%Odds payout at sportsbookCorrect odds of winning parlay at 55%23 to 12.6 to 12.3 to 137 to 16 to 15.0 to 1415 to 112 to 19.9 to 1531 to 124 to 118.9 to 1663 to 148 to 135.1 to 17127 to 192 to 164.7 to 18255 to 1176 to 1118.4 to 19511 to 1337 to 1216.1 to 1101,023 to 1645 to 1393.8 to 1112,047 to 11,233 to 1716.8 to 1
The table illustrates that if a 55% chance of winning each individual bet were achievable, parlays would be profitable in the long term. Compare the expected value you receive on an individual bet at a typical price of -110 with a 55% chance of winning: ((100/110+1)*.55)-1 = .05 (exactly 5 cents won for every dollar bet on average), multiplied by 11 = .55, to the expected return on the 11 game parlay ((1234/717.8)-1) = .719 (72 cents won for every dollar bet on average). In this case a parlay has a much higher expected value than individual bets with greatly increased variance in outcomes.See also[edit]Retrieved from ’https://en.wikipedia.org/w/index.php?title=Parlay_(gambling)&oldid=989555587’
Parlays are the Frankenstein’s monster of sports betting. They are wagers that consist of other bets glued together with one another.
They are also a high-risk, high-reward opportunity for the daredevil sports bettor. If you are a Colorado resident who feels like kicking things up a notch, make sure you read this guide to parlay betting first.How parlay betting works
The first thing to understand about parlays is that they consist of multiple choices. Where other types of sports bets involve your choice of a single variable, parlays require players to predict outcomes on several different bets.
Each selection in a parlay is known as a leg. These bets can all be the same type of wager, or they can be varied. The exact composition of each parlay is entirely up to the bettor.Why parlays are so risky (and well-paid)
The escalated source of risk in parlay betting is the fact that a bettor must be completely correct in his or her selections to get paid. Even one mistake causes the entire wager to be lost.
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Naturally, as you increase the number of legs involved in a parlay, the chance of an incorrect prediction goes up. So, sportsbooks offer increasing payouts to compensate for the risk.
In fact, parlays with many legs are capable of producing some incredible wins for you. For instance, a successful 20-leg parlay in 2019 allowed a Mississippi bettor to turn a $25 wager into more than $104,000.
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Of course, these stories drive more people to give parlay betting a try. However, it’s important to realize that successful parlays make the news because they are so unusual.
In a sense, these outsized payouts are not unlike lottery winnings. A bettor who successfully predicts a string of unlikely events has beaten very long odds, indeed.
Sportsbooks are, of course, more than happy to allow you to take such a risk. Truthfully, if the money you bet on parlays does not affect your lifestyle or living conditions, then they can be a fun diversion for a sports bettor seeking to get the blood pumping.Parlay betting examples
Building a parlay is exceptionally easy, particularly on an online sportsbook. For mobile app or laptop users, they will usually need only to select the bets they want in their parlay and click a button on their bet slip to set things up.
In the following examples, the wagers we’re using are actual bets offered on DraftKings Sportsbook.2-Leg Parlay
Bet #1: Moneyline @ +160
Bet #2: Over 230.5 points @ -113
Overall odds: +321Comment
The first thing to notice is that neither of these choices have particularly long odds. The moneyline is only an 8/5 underdog, and the chosen over was the favorite.
Still, their combined chances of happening are more than 3 to 1. So, even if things are looking good individually, the odds of both events occurring are much less likely, and you will get paid far less often than if you bet each element individually.3-Leg Parlay
Bet #1: Moneyline @ -195
Bet #2: Moneyline @ -455
Bet #3: Moneyline @ -165
Overall odds: +199Comment
Just to ram home the point about the odds involved, we chose three moneyline favorites to populate our parlay here. To reiterate, each of these choices is expected to win their game.
However, the combined chance that all three bets will win is still almost 2 to 1 against. So, bear in mind that in parlays, there’s no such thing as a safe option.10-Leg Parlay
Bet #1: Moneyline @ +145
Bet #2: Moneyline @ +145
Bet #3: Puck Line @ +118
Bet #4: Over 5.5 Goals @ +105
Bet #5: Moneyline @ +180
Bet #6: Moneyline @ -195
Bet #7: Moneyline @ -143
Bet #8: Moneyline @ -455
Bet #9: Over 231 points @ -112
Bet #10: Spread @ -112
Overall odds: +85379Football Parlay Bet OddsComment
Here is an example of how outsized both the odds and payouts for a parlay can get. Here we have a collection of 10 wagers that are all going off at odds shorter than 2 to 1. Yet, the combined odds of all 10 events is a staggering 853.79 to 1!
One other thing to note is that, in order to construct this parlay, we had to choose from different games each time. In order for a parlay to be valid, there cannot be bets that are related to one another – for instance, you cannot bet both the moneyline and total for a single game.Most Recent Betting GuidesWhat is Vig?How Do Sportsbooks Set Lines?What is Head-to-Head Betting?NCAAF Rankings vs. RatingsDFS vs. Sports BettingDifference Between Live vs. Online BettingAre Sports Betting Systems Legit?What is the Grand Salami Bet?Parlay variantsOdds Parlay Calculator
Along with standard parlays, sportsbooks commonly offer one or more variants of the combination bets. These variants each have their own appeal, so judge for yourself if you want to try them out.Teasers
One of the most common parlay variants is the teaser. The teaser is the sportsbook’s attempt to lessen some of the risk that comes with parlay betting.
Quite simply, a teaser allows the bettor to tease, or move, the odds of the bets in a parlay in his or her favor. Teasers are only permitted for point spreads and totals – it wouldn’t really make sense to try and apply a teaser to a moneyline. Mahjong 88 slots.
You must adjust each leg of a teaser by the same number of points. So, if you move one of your selections by five points, all of your selections must move by five.
However, the movement will always be in your favor. So, a bet on a favorite might reduce the spread, but a bet on an underdog would increase it.
Of course, nothing is free in this world, and teasers come with a price. Specifically, a successful teaser will not pay out as much as a parlay with the same selections. The sportsbook charges a premium for the reduced risk.
Still, for a bettor who wants to try parlays but doesn’t like the risk profile, a teaser might be a way to slide into things. The odds will still be long, but maybe not as unacceptably so.
For more information about teasers, click here.Pleasers
Please be aware that sportsbooks will sometimes offer a parlay variant called a pleaser. While they are less common, they are simply the mirror image of teasers.
So, the odds in a pleaser will actually be worse than a standard parlay. However, the associated payout will be higher to compensate for the increased risk.
If a parlay just isn’t risky enough for you, a pleaser might be exactly what you’re wanting. Keep an eye out for them.Round Robins
Round robins are a fascinating variant of parlays because of their margin for error. Almost every parlay requires perfection to pay out, but round robins have no such requirement.
Round robins are bets that are combinations of parlays. If parlays were a mathematical concept, round robins would be the next power of exponent to them – the cube to parlays’ square, so to speak.
Since they are composed of multiple parlays, it is possible to win a portion of a round robin even if one (or more) of the parlays fails. The different permutations mean that parts of the round robin might not be affected by the doomed parlay.How To Calculate Parlay Bet Odds
If you’re confused, don’t worry.Example
You have 5 bets (A, B, C, D, and E) you want to make. You could make a single 5-leg parlay that would look like this:
*ABCDEHow To Win Parlay Bets
-or-
You could make a round robin with 10 separate 2-team parlays in it. Here’s how it would look:
*AB
*AC
*AD
*AE
*BC
*BD
*BE
*CD
*CE
*DE
Now…let’s say that you lose bet B.
In the case of the parlay, the entire bet is lost. However, in the case of the round robin, six of the parlays are still alive and well:
*AC
*AD
*AE
*CD
*CE
*DE
So, even though the loss would’ve been disastrous for the straight parlay, it’s not the end of the world on a round robin. If you want to do some parlay betting but want to have some backup options, a round robin might be the way to go.
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