Parlay Explained
There are many types of bets, but the most common are: moneyline bets, spread bets, total bets, parlays, teasers and futures. In the beginning we will explain how to read betting lines and then we will deal with different types of bets.
Betting line
22 hours ago Super Bowl parlay bets 2021: Three big value parlay predictions By Ben Halls Ben Halls is a longtime NFL writer who has provided syndicates for Colossus Bets along with picks for a range of global. To get the parlay odds for our three-leg wager we now need to multiply these odds together. 3.00 x 3.50 x 1.63 = 17.12. To discover what the American odds for this parlay would be we need to convert it back by multiplying by 100 and then subtracting 100. Definition of a Parlay Bet Combine 2 or more spread, money line or total selections. Parlay wins if all selections win. Parlay loses if any selection loses. Dec 20, 2019 A parlay is sort of like poppers mixed with molly mixed with cocaine mixed with a heart condition. Parlay betting explained A parlay bet essentially combines two or more bets into one wager. The payouts increase exponentially on parlays because you have to win every bet, or leg, that is part of the parlay for it to pay anything at all. In other words, if one bet loses, the entire parlay loses.
Betting line usually shows current odds or moneyline, point spread (handicap) and total for a particular event. For example we can have a line like this:
| Bet Number | Team | Moneyline | Spread or Handicap | Total Points |
| 461 | Bengals | +150 | +6 | over 44 |
| 462 | Patriots | -170 | -6 | under 44 |
Sportsbooks can stuff a lot of numbers in a betting line and sometimes even don't indicate what they mean. When you learn what all these numbers mean you won't be confused any more.
The -170 and +150 are money lines which are used in moneyline bets.
The -6 and +6 are the point spread which are used in a spread bet.
The over 44 and under 44 are the total points which are used in the total bet.
The minus sign (-) always indicates the favorite. The plus sign (+) always indicates the underdog.
Moneyline betting
Money line bets are on the winner of the event. In the example the -170 for the Patriots means that you have to risk $170 to win $100. The moneyline on the Bengals is +150 which means that a $100 bet on the Bengals would win $150, if the Bengals win the game. Of course when you bet $100 on the money line bet and win $150, you will receive $250 on payout.
Moneyline Parlay Explained
Spread betting or point spread betting
Spread bet is a bet on score difference between two opponents. In the example above the Patriots are favored to win by 6 points and that is marked with -6 next to their name. So you can make two spread bets: 1) that the Patriots will win by 7 or more points or 2) that the Bengals will lose by 5 or less points. If the Patriots win by exactly 6 points, then the spread bets would be a push and the initial stakes would be paid back to the bettors. Usually with a spread bet the bettor stakes $110 to win $100.
Total bet
Parlay Betting Explained
These are bets on the number of points scored in the game by both teams combined, including points scored in the overtime. In the example above the bettor bets whether the total points between the Bengals and the Patriots will be over or under 44. Like in the spread betting the odds are -110, that means risk $110 to win $100.
Parlay
The parlay is a bet on multiple sports events in which all teams must win or cover for the bettor to win and yield huge payout. If just one game doesn't win you lose the entire bet. If one or more games end push then these games are ignored. If you win all other games you get paid according to the games you won.
Teaser bet
A teaser is a special type of parlay in which the point spread on each game moves a particular number of points in the player's favor. Price of moving the point spread are lower odds.
Parlay Bets Explained
Futures
Parlay Explained
Futures are bets on future events. At the beginning of the season, the bookmakers give odds for teams who will win the championship. Futures are really difficult type of bet just for wise guys.