Team Parlay
Anyone who bets a parlay with seven teams is a dreamer.
You hope to hit all seven legs and get a huge payout. The win is especially large if you’re throwing some big underdogs on there. It’s not the way you should bet if you’re worried about things like bankroll management.
Typical point spread payouts look like this: 2 team parlay – 13/5 odds. 3 team parlay – 6/1 odds. 4 team parlay – 10/1 odds. 5 team parlay – 25/1 odds. 6 team parlay – 40/1 odds. The odds continue to get larger and better for the person making the. A 10 team parlay will pay out 643 times your wager amount assuming each leg of the parlay has -110 odds. For example, if you place a $10 bet on a 10 team parlay, your pay out would be $6,430. What does a $20 two team parlay pay? A parlay is a single sports wager that involves two or more bets combined into one. This can include point spreads, moneylines, totals, futures, or even prop bets, as long as the bets are on different games. The allure of these bets has always been a larger payout than choosing a single team. How much does a 15 team parlay pay? A 15 team parlay will pay out over +16,000. I just tested this out and a $1 15 team NFL parlay at -110 odds will payout $16,306. Good luck hitting on that! True Odds Parlays. 1 Earlier, I mentioned fixed odds. What is a Parlay? A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.
But, sometimes the lottery hits.
One bettor at MGM played an odd parlay on Tuesday. There were six teams from the Copa Libertadores soccer tournament in South America, and the Dodgers to win Game 1 of the World Series.
And $50 turned into $128,995.
A huge parlay hits
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There were six matches in Copa Libertadores on Tuesday. If you’re going to build a seven-leg parlay when the NBA and NHL are done, the NFL isn’t playing and there are no scheduled college football games, you have to get creative. The bettor must have had a good read on the matches Tuesday, because he went 6-for-6.
That left the Dodgers.
Check out this $50 parlay that turned into $128,995 last night 🤯
6 of the 7 legs featured soccer teams playing in the Copa Libertadores
...the last leg? Dodgers ML 👇 pic.twitter.com/b1bvkvLk0u
— BetMGM (@BetMGM) October 21, 2020The Dodgers were not a sweat after Cody Bellinger’s home run broke a scoreless tie in the bottom of the fourth inning.
The odds on a seven-team parlay are usually 90-to-1. But that’s for seven legs that have even odds. Every single soccer winner on that parlay was getting plus odds. That pushed up the odds on the seven-team parlay to about 2,579-to-1.
Parlays are hard to hit. There’s a reason those brightly colored cards aren’t far from any sportsbook counter. But for one bettor, he has a pretty good story to tell for the rest of his life.
© Provided by Yahoo! Sports Los Angeles Dodgers' Mookie Betts scores past Tampa Bay Rays catcher Mike Zunino in Game 1 of the World Series. (AP Photo/David J. Phillip)More from Yahoo Sports:
A parlay calculator is a betting tool that aids gaming investors find out the odds and results of a parlay bet. A parlay, also known as an accumulator, is 1 bet whose results are usually determined by 2 or even more underlying bets.
When successful, it offers greater returns to the investor since it links up many events for a higher payout. If the parlay is to win, each of the bets must win. If one happens to lose, then the whole bet ends up in a loss, regardless of the outcome of all the other games.
How Do Other Results Affect Parlay Results?
There are other results that can affect the parlay results such as:
- A tie
- Game postponement
- Cancellation
- An incomplete game
- Rescheduling.
As long as there is no loss, the wagers typically revert to the next lowest number.
How to Use a Betting Odds Calculator
There are different options of the calculator found online. A majority is available free of charge. An example of a simple one is shown in the table below.
| Team | Odds |
|---|---|
| Team #1 | 0 |
| Team #2 | 0 |
| Team #3 | 0 |
| Team #4 | 0 |
| Team #5 | 0 |
50 |
Wager Amount
Payout $0
Calculate | Reset All |
When using a parlay odds calculator like the one above, all you need to do is enter the correct figure of odds in the table. In most cases, you are only allowed to enter numbers and nothing else.
From here, you will be required to type in the money lines for each bet you place as well as the total amount you would like to wager. Once everything is in place, just hit the calculate button. The payout field will give you the results of the amount that you will end up getting if each of the parlay games wins. If there are other parlay odds that you would like to calculate, just click on the reset all button and start the process all over again.
There are some calculators that will give you choices on how to display all the odds such as:
- Decimal odds
- American odds
- Fractional odds.
Parlay Team Definition
It can be very confusing trying to calculate parlay payouts on your own mainly because you are dealing with multiple teams. There is no need trying to wreck your brain over this because you can simply use the beneficial calculators that will give you the total to expect in no time. Armed with these results, you can confidently head over to your preferred sportsbook to place a parlay bet.