2 Team Parlay
Contrast the $36 profit with the $26 profit a bettor winning a $10 point spread parlay on two teams would make. The difference in the payoff is because the Dodgers were not given very good odds of winning. Are Parlays Good Bets? The simple answer is no, especially parlays involving point spreads or totals. A two-way round robin means that you are betting as many different two-team parlay combinations as you can with a given number of teams. On a three-team RR two-way parlay, you would have three different two-teamers. Let’s just give an example to show you how a three-team RR two-way bet would work.
Parlays (also known as Multiples or Combos)
gtbets.ag is proud to offer the most comprehensive Parlay selection available today. Parlays, also known as Multiples or Combos, are a very exciting way for the sports betting enthusiast to WIN VERY LARGE AMOUNTS OF MONEY WITH VERY LIMITED RISK!.
Simply put, a parlay is a bet of 2 or more teams (selections) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, it reverts down to the next lowest number for payoff. For 2 team parlays, a tie and win becomes a straight bet payout.
At gtbets.ag, you may include up to 12 Selections in your parlays, all sports included. This means that you can make one parlay card with a combination of all your favorite sports! These wagers can be placed very easily online at gtbets.ag.
Please Note: No parlay bets will be accepted where individual 'selections' are connected. For example, one leg of a parlay is for Sampras to beat Henman in the 4th round of Wimbledon and the second or additional part of the parlay is for Sampras to win the overall Wimbledon title. The match forms part of the overall tournament and is therefore 'connected'. In the same way, you cannot parlay the over of the first half of a football game with the over of the total game, because the two are 'connected'.
For NBA and NCAA, first half sides may not be parlayed with the full game side in the same game, and first half totals may not be parlayed with full game total in the same game.
Football and Basketball Parlay Payoffs
2 Team Parlay Pays
Selections | Payout Odds |
2 | 13 to 5 |
3 | 6 to 1 |
4 | 11.5 to 1 |
5 | 22 to 1 |
6 | 40 to 1 |
7 | 80 to 1 |
8 | 150 to 1 |
9 | 300 to 1 |
10 | 500 to 1 |
11 | 1000 to 1 |
12 | 2000 to 1 |
Baseball (moneyline) Parlay Payoffs
Because of the moneyline used in baseball, there are no set payoffs for tying a number of teams together in parlays. Payoffs are determined by a simple formula that changes the moneyline into a decimal number and combines it with the other lines in the parlay. The first step is to change the moneyline into a decimal value. Use the chart below for this purpose.
Values are equivalent to one dollar.
-1.05 | = | .95 | -1.85 | = | .54 |
-1.10 | = | .91 | -1.90 | = | .53 |
-1.15 | = | .87 | -1.95 | = | .51 |
-1.20 | = | .83 | -2.00 | = | .50 |
-1.25 | = | .80 | -2.10 | = | .48 |
-1.30 | = | .77 | -2.20 | = | .45 |
-1.35 | = | .74 | -2.30 | = | .43 |
-1.40 | = | .71 | -2.40 | = | .42 |
-1.45 | = | .69 | -2.50 | = | .40 |
-1.50 | = | .66 | -2.60 | = | .38 |
-1.55 | = | .64 | -2.70 | = | .37 |
-1.60 | = | .62 | -2.80 | = | .36 |
-1.65 | = | .61 | -3.00 | = | .33 |
-1.70 | = | .59 | -3.25 | = | .31 |
-1.75 | = | .57 | -3.50 | = | .29 |
-1.80 | = | .55 | -4.00 | = | .25 |
How to Figure Baseball Parlays
For each price or odds quote on your teams, look at their respective payoffs (to $1) and always add $1 to these payoffs.
Multiply your bet times the products of these payoffs (+$1) for your parlay return.
Example
A Player bet $50 on the Cardinals (-150) parlayed to the Tigers (-130)
Bet | Cardinals | Tigers | Return | |||
(-150) | (-130) | |||||
$50 | X | 1.67 | X | 1.77 | = | $147.80 |
The return includes the $50 bet.
Use the same method for any number of teams.
Example
Bet $75 on the Cubs (+120) to the Reds (-135) to the Mets (Even) for a 3 team parlay
Bet | Cubs | Reds | Mets | Return | ||||
(+120) | (-135) | (Even) | ||||||
$75 | X | 2.20 | X | 1.74 | X | 2.00 | = | $574.20 |
(1.00 + 1.20) | (1.00 + .74) | (1.00 + 1.00) |
The return includes the $75 bet.
Remember to always add $1 to the payoff price to figure all parlays.
Please Note: All Baseball Side Parlays are 'action.' Run Line & Total selections within your parlay will be voided should there be a pitching change. Round Robin Parlays
gtbets.ag is proud to offer Round Robin parlays. A Round Robin is simply a nickname for parlay wagering on a group of selections (at least three or more) that are to be included in a combination of individual parlays. These wagers can be placed very easily online at gtbets.ag.
For instance, if a player asked for a $100, three-team Round Robin with teams A, B, and C, he/she is simply requesting a two-team parlay with teams A and B, another parlay with teams A and C, and another with teams B and C, for a total of 3 individual parlays, each for $100. The total amount risked would be $300.
Round Robins get more complex as the number of teams increases. A four-team Round Robin 'by twos' for $100 would mean that the bettor wants four teams to be included in a combination of two-team parlays. This would be a total of six individual two-team parlays, for a total risk of $600. If the request is for a Round Robin 'by threes', it would include a total of four possible combinations, for a risk of $400.
Example
A player requests a $100 four team Round Robin 'by twos', with teams A, B, C and D. The possible combinations would be as follows:
Teams AB $100 to win $260
Teams AC $100 to win $260
Teams AD $100 to win $260
Teams BC $100 to win $260
Teams BD $100 to win $260
Teams CD $100 to win $260
If all four teams win, the player wins $1240, while risking only $600! If one game loses, there is still a profit, even though three of the parlays would lose. The three winners get back $780, plus the $100 laid for each parlay, for a total of $1080. After subtracting $300 for the 3 losers, the player profits $480!
Just like in our standard parlays, selections from every league and sport can be included!
Please Note: The maximum parley payoff for any one parlay wager shall be $50,000, whatever the stake, or theoretical payout displayed elsewhere on the gtbets.ag system.
Using the Parlay Calculator for How Much Does a Number of Teams Pay
Our free parlay calculator above will help you figure out the payouts you should be receiving once you enter the odds on each one of your bets. Using the parlay calculator is extremely easy.
All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay. Once you hit Calculate the payout field will populate with how much you are going to win if every leg of your parlay hits.
For example. Let’s say you want to be a $100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. Leave the rest at 0. Then in the wager amount enter 100.
Once you hit calculate the payout should display 1149.21. This means that your $100 4-team parlay on those teams should earn you $1,149.21 when it hits!
Parlay Payouts & House Edge Depending on Number of Games
2 Team Parlay 10 Bets
| # of Teams | Actual Odds | Las Vegas Payout | Online Payout |
|---|---|---|---|
| 2 | 3/1 | 2.6/1 | 13/5 |
| 3 | 7/1 | 6/1 | 6/1 |
| 4 | 15/1 | 10/1 | 12.28/1 |
| 5 | 31/1 | 20/1 | 24.35/1 |
| 6 | 63/1 | 40/1 | 47.41/1 |
| 7 | 127/1 | 75/1 | 91.42/1 |
| 8 | 255/1 | 150/1 | 175.44/1 |
| 9 | 511/1 | 300/1 | 335.85/1 |
| 10 | 1027/1 | 700/1 | 642.08/1 |
What is a Parlay?
A parlay is a single bet that links together multiple events for a higher payout. The more teams that you tie together the higher your payout is going to be, but the risk also grows since if just one of your legs loses, the bet is a loser. It doesn’t matter what happens in the other games.
2 Team Parlay Payout
If one leg of your parlay ties, pushes, is cancelled due to postponement, cancellation, rescheduling, then the wager reverts to the next lowest number. For example a 3-team parlay with a push gets graded as a 2-team parlay with the other two legs.