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Parlays

A parlay (otherwise known as an accumulator) is the selection of 2 or more teams (up to 12 for mainstream US sports) in no particular order in a single wager. All selections must win for the parlay to win; if there is a tie or no action the parlay reverts to the next lowest number for pay-off, for example: if you select 4 teams and one of those ties, it becomes a 3 team parlay. A tie and win on 2 team parlay becomes a straight bet (paying at 90% of the wager).
The odds quoted in the pay-off table below only hold true if all selections in the parlay are at the same price: -110 for the Regular Daily Parlay Odds and -105 for the Special Friday Odds on point spreads. Variations from these prices will cause variations in the pay-offs.

 

Friday Only: Special
Parlay Odds [-105]

Regular Daily Parlay Odds [-110]

2 Teams

2.8/1

13/5

3 Teams

6.4/1

6/1

4 Teams

13.5/1

10/1

5 Teams

27/1

25/1

6 Teams

54/1

40/1

7 Teams

107/1

75/1

8 Teams

210/1

150/1

9 Teams

411/1

300/1

10 Teams

804/1

700/1

11 Teams

1,570/1

1,100/1

12 Teams

3,066/1

1,800/1

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True Parlay Odds for Baseball and European Lines

The odds on a money-line parlay (or accumulator) are calculated by multiplying the prices of the selections together, but remembering to include the stake amount. Let's assume you place a $10 parlay on 2 selections, with odds of -180 and +250. The calculation to work out your return is as follows:

First of all, you must convert the odds into decimal format.

With 'favorite' prices (denoted by a - (minus) sign):

100/180 = 0.556 and add 1 (to include the stake) = 1.556

With 'underdog' prices (denoted by a + (plus) sign):
250/100 = 2.5 and add 1 (to include the stake) = 3.5
To find your total potential return, multiply these odds together and with the stake:
1.556 x 3.5 x $10 = $54.46

Conditions

No parlay wagers can be accepted where individual wagers are 'connected', 'dependent' or 'correlated'. Using a baseball game as an example, let's say one selection in your parlay is for the Boston Red Sox to win on the money-line and the second or additional part of the parlay is for the Boston Red Sox on the run-line.  If the Boston Red Sox win the game, it is also likely that they will win by at least two runs therefore the selections are said to be 'correlated' and cannot be parlayed together.

In the same way, you cannot parlay the total of the first half of a football game with the total of the game line itself, as the two are 'dependent'. Less obviously, but nonetheless correlated, are the favorite/underdog on the spread and the over/under of the same game placed together in a parlay bet.

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