Dan Wetzel, Pete Thamel, and SI’s Pat Forde pick informative post every big game against the spread from the week 12 college football slate. We have two massive matchups with playoff implications on tap. First up, Big Ten powers Ohio State and Michigan State battle it out for a shot at the division title. In the Pac-12, Utah and Oregon fight it out for a spot in the conference title game. The same bettor placed two parlays prior to Sunday’s NFL games. If the Buffalo Bills cover the spread on Monday night, they’ll be nearly $340,000 richer.

How To Use The Parlay Betting Calculator

Below is a table of what you would win on selective bets considering you wager $100. If you place three single bets backing three selections in different games, you are able to win one or two out of the three bets. However, with a Betting Terms parlay bet, these three selections must all be valid to have a winning parlay, or even a single wrong selection will make your parlay a losing one. By now, assuming you haven’t skipped ahead to this section, you understand what a parlay is and how to calculate the odds.

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In general, sportsbook bonuses are a nice way to get some added value when signing up at a sports betting site. But that added value becomes even more important when looking for a site to place parlay bets with. With parlays being a bet with a lower expected return on investment than single bets, bonus funds can offset the additional risk taken on by the parlays themselves. It is ideal for predicting how much a winning parlay will return so that you know exactly what to expect from your online sportsbook. However, you can also use a parlay calculator even before you have placed your bet. That will let you see what the potential profit is before you make the wager.

Because MGM as a company has so many different resources and ways of making money, they offer some of the fairest odds in the industry. The odds still matter in the calculation of a payout from a parlay, so you still want to get the best price on the game no matter what. All win percentages in this page are based on the 4,950 games played in the 1994 to 2012 seasons. Except as noted, all picks refer to betting against the spread. I don’t recommend betting totals on parlay cards unless there is a significant line movement. Now, if you are going to calculate your payout on a parlay with these two wagers, you will multiply those two numbers together (2.6 x 1.57) and you’ll get 4.08 odds.

Allowing a parlay bet on these two dependent odds would be too favorable to bettors, so they don’t allow it. Teasers are parlays in which you can adjust the point spread in order to improve your odds – but that adjusted point spread comes at a cost. As you can probably guess, the odds of having 6 successful bets, even with a 6 point spread adjustment, are significantly worse than the normal point spread odds of a 3 team parlay. Say a bettor wanted to place a wager on both the spread and the total, risking $100. They could simply take $50 and bet on the Bucs -7.5, then take the other $50 and take the under 50.5.

If you are confident your knowledge and use of statistical data will help you have an edge over the bookmaker then we wish you good luck. When using parlay bets we always suggest that you stick to betting on sports you have strong knowledge of. This is simply because your knowledge will be a big factor in you deciding if the bet you are betting on represents good value. Here below is a list of some of the sports you can place this type of bet on. If you are familiar with betting on accumulators then the process doesn’t differ so much.

And while no sportsbooks were ready to hand over their financials for this story, two of them did come forward to give some idea of how popular single game parlays have become. In the examples below we are going to presume we have wagered $100 every time. We will provide the odds for each selection and tell you what the bet would payout if you grouped them together as a parlay bet compared to if you bet on them individually. Parlay card betting preceded modern parlay sports betting. These cards began surfacing in the USA during the late 1800s as sporting leagues organized.

This contrasts with other major leagues such as the NFL and NBA, where the underdog success rate is much lower. There is no logic in MLB parlay betting to just bet on the favorite, which means you should know which games to pick. Were we then to bet $47.73 on the second team at -110, we’d get paid out $43.39, for a total profit of 66.12$ – 1.12 more than if we had made a parlay bet. In other words, at standard parlay odds going all in on two single bets pays out better than parlay betting. With the global popularity of online sports betting rapidly on the rise, placing NFL parlay bets online has never been more popular. Almost every sportsbook offers NFL parlay betting which provides big returns with low risks.