The Application of Parlays in Sport Betting
Haven't heard about Parlays yet? Well, here is the simplest way to understand the Parlay betting system. Parlay is also labeled as combo or accumulator. Since Parlays is associated with these terms, other wagers are involved or connected with your bet. As a single bettor, you will be linked with other bettors who are betting on the same team.
How Does Parlay Work
Parlay is a betting game that allows you to possibly obtain a huge payoff even with just a small wager. For example, if you choose to have a four team parlay, 0-4 has no difference with 3-1. In order to be at a winning spot, all four teams must win or at least have a tie.
Basic types of Parlays
Parlays are divided into two types: those who wagered against the money line and those who wagered against the point spread. The difference between these two schemes is on the payoff method.
Below is a Typical Odds Chart:
| No of teams | Parlay Payoff |
|---|---|
| 1 | 1 to 1 |
| 2 | 2.6 to 1 |
| 3 | 6 to 1 |
| 4 | 10 to 1 |
| 5 | 20 to 1 |
| 6 | 40 to 1 |
| 7 | 75 to 1 |
| 8 | 100 to 1 |
| 9 | 150 to 1 |
| 10 | 300 to 1 |
Using this chart as a reference, parlays betting odds is calculated in this way: if you waged on a five-team parlay, you can win $20 for every $1 if all these games win.
Sport betting is just like gambling where risks are involved. If the system seems too complicated for you to understand, then do not attempt to engage in such activity. However, if sport betting is your cup of tea, then parlay is just one of the platforms that you can use.