Parlay Bet

A Parlay is a single bet that includes two or more teams. All teams must cover in order to win your parlay bet.

A parlay bet may include different sports, pointspreads, money lines and totals.

The payout depends on the number of wagers. See the table below:
Number of Teams Payout
2 Teams 2.6/1
3 Teams 6/1
4 Teams 12/1
5 Teams 24/1
6 Teams 47/1
7 Teams 91/1
8 Teams 175/1
9 Teams 335/1
10 Teams 642/1
Tie
In the event of a tie the number of teams in the parlay and its payout will lower. If one team ties in a four team parlay, it will drop to a three team parlay. If one team ties in a two team parlay, it will revert to a straight bet. Postponed or cancelled games are considered a tie for all wagering purposes. Let's look at an example of a 3 Team Parlay:
3 Team Parlay for $100
Outcome Teams Line Odds Risk Win
Push Patriots/Falcons OV40 -110 100 600
Win Baltimore Ravens +9 ½ -110
Win Milwaukee Bucks -4 ½ -110

In the above example, your bet on the Patriots/Falcons resulted in a push. In a parlay bet, a push means that your parlay bet reverts to a lower parlay bet. In this case, you now have a two team parlay. Both your bets on the Baltimore Ravens and the Milwaukee Bucks resulted in a win. You won $260 instead of the $600 you potentially could have won.

The Madcappers are always available to answer your questions regarding anything related to sports betting. Even if you are not yet enrolled in our Personalcapper service we invite you to call us at 800-511-3003 with any questions. Or email us madcappers@madwinners.com