• ChrisP

WHAT IS A PARLAY?

Updated: Feb 22

Definition: A parlay is a wager type in which multiple bets are linked together to create a greater payout. It’s treated as one big bet, so every game within the parlay must-win for the bet to win.



Should You Bet Parlays?

Mathematically speaking, it’s usually not a good idea to bet parlays. While the payouts are certainly appealing, they’re not as high as they should be given the true chances of a given parlay winning.

I certainly like to place parlays after I win some money just to see if I hit. The most I like to do is 3 teams but then the chances of winning goes down and that one team can really fuck you.


SO LET'S EXPLAIN THESE PARLAYS A LITTLE MORE:

  1. Convert the odds to decimal odds using an odds converter.

  2. Multiply all the decimal odds together.

  3. Multiply the result of Step 2 by your bet amount.

  4. Subtract your original stake to get the parlay odds.

So if you’re parlaying three-point spreads at -110 — -110 converted to decimal odds is 1.91 — your formula looks like this:

  • 1.91 x 1.91 x 1.91 = 6.97

  • 6.97 – 1 = 5.97

In odds, 6.97 is +597, meaning this parlay pays nearly 6-1.

Sounds great right? Yes if you win and no if one team fucks you over.

ALL IN HAVE TO SAY IS GOOD LUCK AND KEEP GETTING THE WINS WITH THE LOCKS DONT BE AFRAID TO THROUGH A PARLAY IN HERE AND THERE.

HAPPY WEDNESDAY!









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