What is a parlay in football betting

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What is a parlay in football betting?

Posted by Steve Leighton

When betting on football, many gamblers look for a wagering option that pays out at higher odds. One way to achieve the higher odds payout is by making a parlay bet. The basis of a parlay is grouping the outcome of multiple games together into one bet. When grouping a larger number of games together, the odds of that multi-game bet payout will be higher.

Although at least two games are required for a parlay, the most popular are the three game parlays. Referred to as a three-team parlay, this option pays only if all three teams beat the point spread in each of their respective games. If one team loses, the entire bet loses. If one team pushes (ties), the parlay drops to the next lower number. In other words, if a three-team parlay has one team push, then the bet reverts to a two-team parlay based on the outcome of the remaining two teams that were selected in the original three-team parlay.

Below you will find a typical example of a Las Vegas Parlay Card:

Number Odds

2 Team Parlay 13 to 5

3 Team Parlay 6 to 1

4 Team Parlay 10 to 1

5 Team Parlay 20 to 1

6 Team Parlay 40 to 1

7 Team Parlay 75 to 1

8 Team Parlay 150 to 1

9 Team Parlay 300 to 1

10 Team Parlay 700 to 1

Sports Line Unlimited by Steve Leighton

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