Betting Point Spread And Over Pick Parlay
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Home»Betting»Sports Betting Guide»Sports Betting Guide: Parlay Bets and Odds Explained
A parlay bet is one of the most popular forms of sports betting. What's great about parlays is that sports bettors can bet on two or more point spreads, OVER/UNDERs or Moneyline Bets, earning a higher payout if all of their picks win as opposed to making a single bet on each one individually.
A parlay bet is a sports bet that combines multiple straight bet wagers on one ticket. Usually, you would pool straight-up bets with spreads and totals. However, you can have multiple versions of the same bet as long as it’s on different games.
If even one bet in your sports parlay is a loss, your entire parlay bet loses. That’s just how parlay bets work. You can make NFL parlays or combine different bets from various sports. For example, you could make a straight-up bet on a Major League Baseball game, coupled with a basketball point spread bet.
At your sportsbook of choice, parlays may be called accumulators, combo bets or multi wagers – a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together.
Let’s look at three separate football games. The football parlay betting odds for a three-team parlay would look something like this:
New Orleans -3.5 / Los Angeles +3.5
For the first bet, you take the Saints to cover since they have a history of working well against the spread (ATS). For the second bet, you pick the Patriots to win the game straight up. For the third bet, you believe the total number of points scored will be at least 48 so you take the OVER.
The odds for each game would appear the same as they would if you were making an individual bet. However, the football parlay odds for the entire bet would be +600 (6-1) since you have a 50-50 chance of winning each bet (3 bets x 2 = 6).
If you bet $100 on the entire parlay bet, you’d get a parlay payout of $700 – your original $100 plus your winnings of $600. You can use our Odds Calculator to see how much you’d win based on the odds and amount bet.
We also have a Parlay Calculator to help determine your potential payout.
A PUSH occurs when the spread or totals bet you make hits the exact number set by oddsmakers. Let’s pretend the totals number above was 47 instead of 47.5. If the collective score for both teams was 47 on the nose, you would get your money back since neither the OVER nor UNDER won or lost.
This bet would be removed from your parlay as if it never happened. You would still need to win the other bets on your parlay card in order to receive a payout. But, it’s nice to know that sportsbooks will take the PUSH off your ticket.
Teasers are common bets, especially in football. Often, these bets are confused for parlays, however, they are not the same. Teasers are wagers in which you can move the point spread in your favor. The only similarity these bets have to parlays is that you can select the number of teams (minimum of two teams and maximum of 15) to tease.
For example, let’s say you want to tease the New York Giants (+6) over the Dallas Cowboys, the Green Bay Packers (-10.5) over the Chicago Bears, and the Buffalo Bills (+10.5) over the New England Patriots.
NFL teasers change the spread by six points in your favor, so the point spreads now look like this:
Sportsbooks love parlays because they force bettors to be perfect, which can be hard to do. But, that doesn’t mean you should avoid parlays altogether. Before placing your bet, handicap each game you want to include in your parlay picks.
The odds of winning a parlay can be tricky if you don’t do your due diligence. However, we at Odds Shark offer the necessary handicapping tools to ensure you have everything at your disposal to make smart bets.
Research each bet and keep an eye on your bankroll. Although parlays offer a larger payout, you still want to ensure you have enough money to keep betting. That’s a parlay gambling problem you definitely want to avoid. When you make your deposit, remember that if you lose even one bet on your card, all the bets in your parlay lose.
If you place a three-game point spread parlay and are only right on two of them, the parlay ticket is a loser. If you have spreads and totals on your card, you’re looking at more than just teams winning, so be mindful of team reports and betting trends.
Most online sportsbooks will not let you make parlay cards that feature different sides of the same game, whether it’s MLB, NFL, NBA, NHL or NCAA college sports. Though it would be nice to be able to take odds on both sides of the same bet, it’s not a typical betting practice.
Any two-team parlay would have to contain a spread and moneyline or total instead of two of the same type of bets. Even if the sportsbook allows this, you’re wasting your money since your bets cancel each other out.
Need more winning picks? Get $60 worth of premium member picks from Doc’s Sports – a recognized leader and trusted name in sports handicapping since 1971.
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The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. Odds Shark does not target an audience under the age of 18. Please visit gambleaware.co.uk or gamcare.org.uk for guidelines on responsible gaming.
Home»Betting»Sports Betting Guide»Parlay Calculator: See How Much You’d Win
Parlays are many bets on one ticket. Instead of making a single bet on the NFL or NBA, you can combine different bets onto one slip. The only downside to making a parlay bet is that all wagers must hit, otherwise the entire bet is a bust.
It can be a tad confusing when you’re trying to combine odds and/or determine the overall payout of your total wagers on multiple games. Enter Odds Shark’s parlay tool, a great instrument you can use before making your picks.
American Odds
Decimal Odds
Fractional Odds
With our parlay calculator, you can select how you want your odds displayed. We use American style (-500), but you can choose Fractional (1/5) or Decimal (1.20). Under Odds Type, pick your odds style. Input your first wager in the Bet #1 slot. Click on Add Bet to add the other wagers on your ticket. For favorites, you must add the minus sign (-) before the odds. For underdogs, you don’t need to add the plus sign (+).
Our parlay number cruncher lets you enter up to 100 bets. However, most sportsbooks will only allow up to 10-team parlays.
In the Bet Amount box, input what you want to wager. It’s set to $100, but you can bet whatever you want, as long as your bankroll can handle it.
Hit Calculate and you’ll see what you’d win. We’ve come up with a more detailed example below.
Let’s say you have $80 burning a hole in your wallet. You decide to take that money to your favorite betting site and create an awesome parlay.
• New England Patriots moneyline -200
• Boston Celtics to cover the spread -110
• MLB prop bet total hits allowed for Justin Verlander UNDER 4.5 (-145)
• Montreal Canadiens vs Pittsburgh Penguins totals OVER 6 goals (-115)
In the parlay number cruncher, you would add -200 for Bet 1, -110 for Bet 2, -145 for Bet 3, and -115 for Bet 4. The calculator does not need the 4.5 from the prop or the 6 from the totals bet. These numbers are important to your overall wager, but it’s the digits in brackets that are necessary to see how much you’d win.
Your payout, if every bet in this parlay hits, would be $723.68 – your original $80 comes back along with your winnings of $643.68. If there’s a PUSH, that bet is removed from your ticket as if it never happened.
We also have a traditional betting odds calculator for those instances where you’re only making a single bet and don’t need to crunch the numbers for an entire ticket.
Copyright © 2008-2021 OddsShark. All rights reserved.
Contact
About Us
Terms
RSS
The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. Odds Shark does not target an audience under the age of 18. Please visit gambleaware.co.uk or gamcare.org.uk for guidelines on responsible gaming.
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