Let’s use the following three-team parlay as our example: Ok, so you want to calculate how much your parlay will pay you. Here is an example of a two-team parlay and the range of outcomes:Īs you can see from the above chart, a two-team parlay has four possible outcomes and only one of which results in a successful parlay. If just one of the wagers loses, the entire parlay loses. In order to win the parlay, all of your individual wagers within the parlay must not lose.
The more plays you add to the parlay, the bigger the payout. It's one of the most common alternate bet types.īig payouts and incredibly fun, but be careful.Ī parlay is a sports bet that combines two or more plays into one ticket.