 |
BACK TO WAGERING GUIDE |
Parlays
A parlay wager consists of picking teams or totals and putting them together into a single play
or wager which is going to have only one risk. In a parlay you can combine any sport as long as it
is not a circled game.
In parlays the payoff is determined by the number of teams picked and can be changed
if any team in the parlay has a money line; there is no buying points.
If you would like to risk less to win more, then Parlays are
the bet for you. A parlay is just a collection of straight bets.
The trick is that all of the straight bets must win for you to win your bet, however the pay
out is much better.
The number of teams that you put in your parlay decides how
much you can win.
In Football or Basketball the payouts are set, but if you
add in money lines then the payouts vary.
Lets say that you bet $100 on the Jets to win;(remember the
juice on a straight bet is 10%) you risk $110 to win $100. Then you bet another
$100 on the Cowboys; again you risk $110 to win $100. Ok you have $220 dollars
to win $200, if you had bet that same $200 in a 2 team parlay you could win
$520 dollars!
How to wager a parlay
Making a bet at a sportsbook
is an easy process and ticket writers are more than willing to assist you. For the
convenience of both the house and player, the best way to make a wager is to use the
numbers assigned to each team by the official Nevada Sports Schedule. For the purposes
of this discussion and for a point of reference, let's assume you wish to place a bet on the
following games, appearing on the tote board as followed;
3 Washington
4 Dallas -3
5 Carolina -2
6 New Orleans
7 San Francisco
8 St. Louis -8
Difficulty Level: Intermediate Time
Required: 2 minutes
Here's How:
The team's assigned number is the number to the left of each team. In our above
example, Washington is #3 and Dallas is #4, etc.
The games will be referred to as game "3/4" with Washington being team #3 and
Dallas being team #4, "5/6" with Carolina being number #5 and New Orleans being #6 and "7/8" with San Fran being #7 and St. Louis being #8.
The number to the right of the team is the odds/pointspread for that team, with the
number always being listed beside the favorite. In our above example, Dallas is a -3
point favorite over Washington, Carolina is a -2 point favorite over New Orleans and St. Louis is an -8 point favorite over San Fran.
The home team is always listed on the bottom unless a neutral site is noted. In our
above example, Dallas, New Orleans and St. Louis are the home teams.
If a player decides that he likes all the home teams to win against the numbers, he would go to the window and declare "I
would like $10 to win $60 on team #2, #4 & #6, Cowboys, Saints and Rams on a 3 team parlay".
If a player decides that he likes all the favorites to cover the numbers, he would go to the window and declare "I
would like $10 to win $60 on team #2, #3 & #6, Cowboys, Panthers and Rams on a 3 team parlay".
If all 3 selections win in a 3 team parlay, a winning player would collect $60.00 for every $10.00 wagered.
If any of the selections fall short, the entire parlay is a loser - even if 9 of 10 win.
If a selected game goes "off the board" or for any reason recieves a "no action" status by the book, then the parlay is downgraded from a 3 team to 2 team etc.
Should one of the selected games end up in a "push", you may have a winner or loser, rules vary here house to house - try to avoid "ties lose" parlays.
Any combination can be made up using 2 teams or more to create a parlay with the idea being that all teams selected must win for the player to cash his ticket.
Odds for parlay's (with slight variances) are as followed;
a.) 2 game -2.5 to 1
b.) 3 game - 6 to 1
c.) 4 game - 10 to 1
d.) 5 game - 20 to 1
e.) 6 game - 40 to 1
Straight Bets | If Bets |
Parlays | Teasers | Betting Terms
|
