Payouts on a 2 team parlay are standard throughout the industry at 13/5. Sportsbooks will pay $2.64 for every $1.00 wagered. Odds and payout. Parlay bets are paid out at odds higher than the typical single game bet, but still below the 'true' odds. For instance, a common 2-team NFL parlay based entirely on the spread generally has a payout of 2.6:1. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win. To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7.
© Provided by RADIO.COMIt's back, and it's better than ever...now with a new look for Al Dukes!
That's right, ladies, gentlemen, and Whimsy, Al Dukes is BACK with Al's $5, 5-Team Parlay for the 2020 NFL season...and this year, we're holding Al's feet to the fire.
For the new and uninitiated, Al Dukes, executive producer extraordinaire of the Boomer & Gio Show, picks five teams every week for a five-team parlay, and a full win means his $5 suggested wager (for research purposes only) can cash out at $127 - anywhere from a nice dinner to, as he says in his picks for Week 1 of the 2020 Coronavirus-Filled NFL Season, several of those fun, fancy, fabulous face masks (unless you're Ryan Fitzpatrick).
You can see what those jokes mean by looking at Al's picks below, but in addition to video this year, we'll be tracking Al's picks and record on WFAN.com! Perhaps we can get Al and someone else from the WFAN crew to make a side wager to see if his 85 total picks for the regular season (health permitting) come out over or under .500 - Ross Tucker, where are you?
Anyhoo, here's Al's first set of picks - take a look and watch his explanation below!
WEEK 1 PARLAY
Baltimore (-8) vs. Cleveland
NY Jets (+6.5) at Buffalo
5 Team Parlay Bet
New England (-6.5) vs. Miami
Tampa Bay (+3.5) at New Orleans
NY Giants (+5.5) vs. Pittsburgh
Guess who's back? Back again. Parlay's back, tell a friend.
New year, new look for @AlsBoringTweets - but the $5 5-Team Parlay is BACK, BABY! pic.twitter.com/7yFb1s24QK
-- WFAN Sports Radio (@WFAN660) September 10, 2020Using the Parlay Calculator for How Much Does a Number of Teams Pay
Our free parlay calculator above will help you figure out the payouts you should be receiving once you enter the odds on each one of your bets. Using the parlay calculator is extremely easy.
All you have to do is type in the money lines for each one of your wagers (most spread bets will be -110) and then enter the amount you want to bet on the parlay. Once you hit Calculate the payout field will populate with how much you are going to win if every leg of your parlay hits.
For example. Let’s say you want to be a $100 4-team parlay on the Packers -7 -110, Patriots -8 -110, Steelers +3 -120, and the Lions +3 -115. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. Leave the rest at 0. Then in the wager amount enter 100.
How To Win Parlay Bets
Once you hit calculate the payout should display 1149.21. This means that your $100 4-team parlay on those teams should earn you $1,149.21 when it hits!
Parlay Payouts & House Edge Depending on Number of Games
| # of Teams | Actual Odds | Las Vegas Payout | Online Payout |
|---|---|---|---|
| 2 | 3/1 | 2.6/1 | 13/5 |
| 3 | 7/1 | 6/1 | 6/1 |
| 4 | 15/1 | 10/1 | 12.28/1 |
| 5 | 31/1 | 20/1 | 24.35/1 |
| 6 | 63/1 | 40/1 | 47.41/1 |
| 7 | 127/1 | 75/1 | 91.42/1 |
| 8 | 255/1 | 150/1 | 175.44/1 |
| 9 | 511/1 | 300/1 | 335.85/1 |
| 10 | 1027/1 | 700/1 | 642.08/1 |
What is a Parlay?
A parlay is a single bet that links together multiple events for a higher payout. The more teams that you tie together the higher your payout is going to be, but the risk also grows since if just one of your legs loses, the bet is a loser. It doesn’t matter what happens in the other games.
5 Team Parlay College
Parlay Payout Table
If one leg of your parlay ties, pushes, is cancelled due to postponement, cancellation, rescheduling, then the wager reverts to the next lowest number. For example a 3-team parlay with a push gets graded as a 2-team parlay with the other two legs.