If you were to select five teams, for example, you could break those out into: You can play around with round robins and make some much more complex selections. For example, if you make a round robin parlay containing three legs, the round robin would contain three different 2-leg parlays combining your selections. For example, there’s a round robin parlay, which essentially places all of your selections into smaller groupings, making them individual parlays. There are a few more complex types of parlays. Now the odds are +3635, meaning that same $10 would pay $363.58 in the event of a win.Īs you can see, more legs make for more potential winnings and higher risk. Now, the parlay includes four legs:Īdding the Oakland moneyline into the mix significantly increases the payout. To keep things simple, let’s add a single leg to the bet from above to show how the odds change.

Three things need to happen for this parlay to hit: the Diamondbacks win, the Red Sox win by 2 or more, and the Nationals/Pirates game sees more than 9 runs scored. But of course, if even one leg failed, you would lose the bet. With those odds, a $10 wager would win $133.69. When combined into a parlay, these three bets become a single wager with odds of +1336. 3-Leg Parlayįor our 3-leg parlay, let’s make three MLB selections: But the more you add, the risker your bet. You can place 5-, 6-, even 7-leg parlays, and some sportsbooks allow up to 15-20 legs. Keep in mind you are not limited to this many. We’ll start with a 3-leg parlay, then move on to a 4-leg parlay. But the flipside is a higher potential payout than you’d get on individual bets.īelow, we’ll outline two parlay examples to showcase how the bets work. Additionally, if you combine parlay legs with already-high odds, the payout could potentially be massive.īear in mind this is all very risky, as every single individual bet within your parlay must hit in order to win. The more legs you include in a parlay, the higher the potential payout. Because you’re guessing various outcomes, the odds are much higher than you’d find at a standard moneyline or point spread bet. With each individual spin at 50/50, a single tails flip could completely botch your three heads in a row bet. But if you choose to bet on heads hitting three times in a row, that is far less likely.

If you were to bet on a single coin toss, the odds are always 50/50. This is because you’re wagering that multiple outcomes will all occur, making the wager far less likely to hit. Parlay bets always have higher payouts than the individual bets they contain.

Parlaying bets sports