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4 Game Parlay Odds

  1. Odds 4 Team Parlay
  2. Odds Parlay Calculator

Best Parlay Odds

A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. For a single bet, 2 to 8 teams or totals can be selected. In order for the parlay bet to win, every one of. There are several different types of combination parlay a sports bettor can make. Choose 5 games and combine ten 3-leg parlays, five 4-leg parlays, and a single 5-game parlay. Throw a bunch of 2-game parlays in the mix if you want to. The cost of a combination parlay ticket can add up, but so can your profits. Find an Edge for Parlays. To get the parlay odds for our three-leg wager we now need to multiply these odds together. 3.00 x 3.50 x 1.63 = 17.12. To discover what the American odds for this parlay would be we need to convert it back by multiplying by 100 and then subtracting 100. Even if the lines and odds for an individual game move, the parlay lines and odds won’t change from when the parlay bet was placed. The parlay bet won’t be changed whether the lines change for or against the bettor. If the lines change for a game, or games, in the favor of the bettor another parlay may be bet with the new line.

It’s always important to get good odds and prices no matter what type of bettor you are. But let’s keep things in perspective when talking parlay odds. Getting better payout odds on your 15 team parlay is like getting your powerball ticket at 25% off. Sure, you were a little smarter in both scenarios, but Warren Buffett isn’t about to send you an invitation to be an intern.

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The majority of smart parlay bettors will bet small combinations. A two, three and sometimes four team parlay is usually preferred. There are three main reasons for this, followed by our list of sportsbooks with the best parlay odds.

(No. 1) You lose the ability to line shop. If one of your betting sites is offering a great line on game A and the other has a juicy line in game B, the only thing you can do is straight bet each of them. The more legs in your parlay, the more likely you will have poor odds since you must fill the parlay with odds from a single sportsbook.

(No. 2) This should really be 1a because it’s also about getting, or not getting, the best line. If the Patriots line finally moves down to -2.5 but the Colts line has not yet moved as you’d hoped, you have to place the parlay now or risk losing the favorable Pats line. If you are betting a small parlay, you stand a better chance of getting the lines in range of what you want. Parlay payouts need to make up for these disadvantages in order to be successful. That’s why parlay bettors must use our payout chart or the chart from their individual sportsbook before betting.

(No. 3) One advantage parlay betting does have is you can forecast how one game will play out and fill two legs of a two team parlay with the spread and total, making it a correlated parlay. Correlated parlays can work to the bettor’s advantage. The most common correlated parlay is betting the underdog and the under or the favorite and the over. But beware, the more additional legs that are added to the parlay the less the advantage with the correlation.

For these reasons Predictem has focused on the most popular three parlays. If you are primarily a parlay bettor, don’t blindly join the sportsbooks that straight bettors recommend. Not all books have good parlay odds.

Parlay Odds Payout Chart

Sportsbook2-team parlay3-team parlay4-team parlay15 Team Parlay
BetAnySports2.64/16/112.28/116307/1
Betonline2.64/16/112.28/116307/1
BetNow2.64/16/112.28/1N/A
Sportsbetting2.64/16/112.28/116307/1
WagerWeb 2.64/15.95/112.28/116331/1
Bookmaker2.64/15.95/112.28/116307/1
Bovada2.64/15.95/112.28/1n/a
MyBookie2.64/16/112/1n/a

Note:

You may also hear these bets referred to as “Accumulators”. An accumulator is the same exact thing as a parlay. This is the terminology used across the pond in Europe. You may also hear the word “Parlay Card”. This term derives from the old days, back when you would grab a pre-printed card at your favorite sportsbook, circle your bets and then give it to the ticket writer at the sportsbook. Local bookies also used to operate this way as well. Lastly, you may also hear these wagers referred to as combo bets or multi bets.

Best Teasers

3 Team:6 pt Teasers6.5 pt Teasers 7 pt Teasers
1.8/11.65/11.5/1
1.65/11.5/11.35/1
1.6/11.5/11.35/1

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A parlay is a type of wager where multiple outcomes are selected. Each of the outcomes must win in order for the parlay to win. Any point spread tie reduces to the next lowest number of teams in the parlay. The odds for the number of teams placed in a parlay are based on the pay table below when the selections (point spreads and totals for football and basketball, games and segments) have a default line of -110. Listed below is the BetMGM/Borgata Online pay table.

All Football and Basketball Parlays
(Point Spreads and Totals all - 110)

2 Teams

+260

3 Teams

+600

4 Teams

+1000

5 Teams

+2000

6 Teams

+4000

7 Teams

+8000

8 Teams

+15000

9 Teams

+30000

10 Teams

+60000

11 Teams

+110000
12 Teams+200000
13 Teams+300000
14 Teams+600000
15 Teams+1000000

Parlay Odds Selections:

The legs in a Pay Table parlay all must meet the following requirements:

  1. Football, basketball (excluding money lines) and their halves or quarters
  2. Point spread or totals
  3. Default odds that are set at -110.

Maximum payoff on off the board parlays is 10000/1. Acceptance of all parlays is at the discretion of management.

Example 1: The 2-team parlay (See picture below) is a standard parlay paying 2.6 to 1 or 3.6 for 1. Using the Pay Table, $10.00 x 3.6 = $36.00 payout. Pay Table parlays are not calculated using “true odds” (-110 is not .9091 in this case). The Pay Table Multiplier section below explains the way that Pay Table odds are calculated.

PARLAY (2 TEAMS)

1 PARLAY @$10.00

24Jan PRO FOOTBALL

[302] COLTS

-71/2-110

22Jan PRO BASKETBALL

[702] BOBCATS

-6-110

Ticket Cost:

$10.00

To Win:

$26.00

Collect:

$36.00

WRIT2 SR_POS2

22Jan18 11:02:40

Pay Table Multiplier

This is the factor that, when used for each leg of a parlay, gives the Pay Table payout. For a 2-team parlay at default odds, the factor is a square root. For a 3-team parlay, it is a cube root, for a 4-team parlay, it is the 4th root of the payout.

The return on a 2-team Pay Table parlay at 2.6 to 1 is 3.6 for one, as the payout. The square root of 3.6 is 1.8974. This is the Pay Table Multiplier for 2-team parlays.

$10 X 1.89736 X 1.89736 = 36.00.

Below is the pay table multiplier which is used as the method to calculate pay table parlays when the default odds are -110.The respective Pay Table Multiplier (shown below) by the True Odds Multiplier of the number (other than -110) minus the True Odds Differential (shown below).

2 Teams

1.89736

3 Teams

1.91293

4 Teams

1.82116

5 Teams

1.83841

6 Teams

1.85693

7 Teams

1.87344

8 Teams

1.87228

9 Teams

1.88536

10 Teams

1.89621

11 Teams

1.89027
12 Teams1.88409
13 Teams1.87339
14 Teams1.86154
15 Teams1.84786

Non-Pay Table Parlays

We use the term Non-Pay Table parlay when at least one leg does not meet requirements 1 and/or 2 of the Pay Table parlay default odds section above.

Sports like Boxing, Baseball, and Hockey use Non-Pay Table Odds. Football money line bets also use them. The True Odds Multiplier section below explains the way that Non Pay Table odds are calculated.

Example 2: The 2-team parlay below uses the True Odds Multiplier because neither leg meets the Pay Table requirements, so $10 x 1.9091 x 1.9091 (rounded) = $36.45 payout.

PARLAY (2 TEAMS)

1 PARLAY @$10.00

30Jan PRO HOCKEY

[2] CAPITALS

-110

28Jan BOXING

[3605] MAYWEATHER

-110

Ticket Cost:

$10.00

To Win:

$26.45

Collect:

$36.45

WRIT2 SR_POS2

22Jan18 16:26:24

Example 3: The 2-team parlay below uses the Pay Table Multiplier for 105 because it meets all other requirements for Pay Table Odds (see Pay Table Parlays above). Note: The root for the Pay Table Multiplier is based on only the number of legs that meet the requirement. It usesthe True Odds Multiplier for 107 (-1/-120 = .8333) because that leg does not meet requirement 2. Although it is a Football game, it is a money line wager.

$10 x 1.9091 x 1.8333 = $35 payout.

PARLAY (2 TEAMS)

1 PARLAY @$10.00

Jan 08 NFL

NFL WILDCARD PLAYOFFS

[105] FALCONS

+3-110

Jan 08 NFL

NFL WILDCARD PLAYOFFS

[107] STEELERS

-120

Ticket Cost:

$10.00

To Win:

$25.00

Collect:

$35.00

TIMW BODINES T01

5Jan18 09:35:56

Pay Table Non-Default Odds

Odds

We use the term Pay Table Non-Default Odds when all legs meet requirements 1 and 2 of a Pay Table parlay: 1) Football, basketball, and their halves or quarters 2) Point spread or totals, but at least one leg does not meet requirement 3 because it hasodds that are not equal to the default odds.

Pay Table Non-Default parlays are not calculated using “true odds” (-120 is not .8333). The True Odds Differential section below explains the way that Pay Table Non-Default odds are calculated.

Example 4: The 2-team parlay below uses the Pay Table Multiplierfor default odds for 302 (which meets all the requirements of a Pay Table parlay like Example 1 above). However, the other leg (304 Saints) has non-default odds -120, so a factor called the True Odds Differential is used to adjust the True Odds Multiplier of the -120 to derive the new Pay Table Multiplier for non-default odds -120.

$10 x 1.8974 x 1.8216 = $34.56 (rounded to nearest nickel $34.55)

PARLAY (2 TEAMS)

1 PARLAY @$10.00

24Jan PRO FOOTBALL

[302] COLTS

-71/2-110

22Jan PRO FOOTBALL

[304] SAINTS

-3-120

Ticket Cost:

$10.00

To Win:

$24.55

Collect:

$34.55

WRIT2 SR_POS2

22Jan18 11:03:11

True Odds Differential

The only time that the True Odds Differential is used is when a leg contains a Pay Table sport that has non-default odds for point spread or totals (Example 4 above has -3-120 instead of -3 -110).

Calculating the True Odds Differential for a Non-Default Odds leg when default odds = -110

(True Odds Multiplier of -110) - (Pay Table Multiplier of -110) = True Odds Differential

1.9091 - 1.8974 = .0117

Calculation to find the Pay Table Multiplier for Non-Default odds -120 in Example 4

True Odds Multiplier of -120 = 1.8333 – True Odds Differential = . 0117

Pay Table Multiplier of -120 = 1.8216

Odds 4 Team Parlay

The only exception for not using the true odds differential is when the pay table multiplier exceeds that of true odds (-110 or .9091).

Calculations to find the True Odds Multiplier

When the Leg is a Favorite

When laying odds (money line is less than 0): (-1) x (100)/ (money line) +1.

Example: True Odds Multiplier for Money line: -110: (-1) x ((100)/ (-110)) +1 = 1.9091

When the Leg is an Underdog

When taking odds (money line is greater than 0): (money line)/ (100) +1 Example:

Odds Parlay Calculator

True Odds Multiplier for Money line: +130 = ((+130) /(100)) +1 = 2.3