NFL Parlay Bet
An NFL Parlay Bet is a bet on two or more teams in no particular order where all selections must win for the wager to win. Parlay rules are as follows:
In the event of a tie or no action, the parlay reverts to the next lowest number for payout. A two-team parlay reverts to straight wager.
Parlays that incorporate money lines or European prices are paid out based on the odds of the individual selections.
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The bettor cannot wager on connected events on the same parlay card. For example, the bettor cannot parlay the over of the first half of a football game with the over of the full game because the two are connected. The half forms part of the overall game and is therefore connected.
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By placing a Parlay bet, the bettor can increase his payout odds. For example, he wants to bet on the Steelers to beat the Dolphins and the Steelers to beat the Raiders, but the odds are even money. He's pretty sure the Steelers are going to win both events so he wants better odds. By parlaying the two games, he increases his odds to 13:5.
Parlay Bet Payouts
The following parlay payout table is valid if all selections within the parlay are based on the standard point spread or totals line of -110 (bet $110 to win $100).
Number of Teams | Odds |
2 | 13:5 |
3 | 6:1 |
4 | 10:1 |
5 | 20:1 |
6 | 40:1 |
7 | 75:1 |
8 | 150:1 |
9 | 300:1 |
10 | 700:1 |
11 | 1400:1 |
12 | 1800:1 |
To calculate odds for parlays that use money lines other than the standard -110, the bettor should convert the money line to a European price. Then calculate the parlay payout odds by multiplying the European prices of each event together.
For example, let's say the bettor wagers on Miami 2.5, Tennesee 1.7 and Dallas 2.1. A parlay of all three teams would pay 2.5 x 1.7 x 2.1 = 8.93. If the bettor's wager amount is $100, then the payoff would be $100 x 8.93 = $893 (this includes his original stake, so his winnings are $893 - $100 = $793). |