5 to get 3. To use this calculator, enter a bet amount and the odds on every leg of the parlay, up to 12 legs. how many combinations in a 4 team parlay. So if there are only 3 games (2 teams), then there can only be 3 parlay bets like the following: Games: A v B C v D E v F So the parlays are:. Parlay 1. A round robin is the combination of all possible two team parlays with the chosen teams. LIST NUMBER 3058 NO. In Team #1 I enter -110, Team #2 -110, Team #3 -120 and Team #4 -115. or a team parlay. If you wish, you may risk a lower amount on this 3-way bet, as it may be harder to win: Parlay. However that same $110 wagered on a successful 5 team parlay would pay $2200. Here are two of the best bonuses* available: A) Get a 25% profit boost for UConn and Kansas State to win at DraftKings! Opt-in Now. These teams are then used to create as many three team parlay combinations as possible. 2 days agoThe All Combinations option would also include a 3-team parlay in addition to the one listed above: Cowboys + Eagles Cowboys + 49ers 49ers + Eagles Cowboys + Eagles +. In your friend's case it's hard because it's rare that someone hits all underdog ML parlay bets, ATS it's more understandable and more common. A $100 parlay would return $368,45. Round robins are combinations of parlay bets. Also there is no reason to play a 6 team parlay as the return per game is lower than a 5 teamer. 6 . May 23, 2009. Our 2-Team Parlay/Double Bet Calculator is an invaluable tool for sports bettors wishing to determine the potential payout of a 2-pick parlay. It makes sense that there are fewer choices for a combination than a permutation, since the redundancies are being removed. Obviously, if you’re a 55% handicapper, then there are good deals in the offing. For example, combining three bets with decimals odds of 1. April 9, 2023; stoke city community trust; peanut butter cookies strain leafly. Pittsburgh Steelers -3 (-110) Dallas Cowboys +3. A super Heinz creates 21 two-team parlay bets, 35 three-team parlays, 35 four-team parlays, 21 five. Just to ram home the point about the odds involved, we chose three moneyline favorites to populate our parlay here. The sportsbook will automatically create three two-pick parlays. A two-team parlay with one leg graded ‘No Action’ will become a single wager on the remaining team. Bet $10 to win $222. Using the one-game parlay feature, you can bet n the point spread between those two teams, QB to throw over a certain amount of yards, a running back to score a touchdown, and a wide receiver to reach 100 yards. Payout. Calculating parlay odds is as simple as multiplying each bet’s decimal odds together. Progressive . The answer: $195. Patent – 7 bets as 3 two-team parlays, 1 three-team parlay or 4 single wagers; Canadian – 15 bets; Lucky – 15, 31, 63 or 127 bets;We would like to show you a description here but the site won’t allow us. Progressive . Bet # 2. 48 Parlay Payout = 6. $36. 6½. If I bet a 3 team parlay how many combinations are there? Also, how do I calculate this? Thanks for any hel Reply With Quote 10-12-09 12:45 PM #2 20Four7 Timmy T = Failure Become A Pro!. +1612. By 2’s = 15 possible 2-leg parlays. Let's say I have 5 MLB teams I want to parlay with a Round Robin. A two-team parlay (assuming all bets being 50/50 propositions) has 4 possible outcomes (Win-Win, Win-Lose, Lose-Win, Lose-Lose), so you should hit 1 out of every 4 times or odds of 3-1 against you, yet the standard payoff for a 2 team parlay is 13-5 (2. For example, a $15 three-team round robin bet with each team lined at -110 would pay out a total of $39. If there are 35 different parlay combinations in a round-robin, your bet amount will be multiplied by 35. 10-11-2022, 09:42 AM #19. HOW MUCH DOES A TEASER BET PAY? A 2-team, 6-point teaser typically pays about -220, but this can vary. Click on each pick to jump to the full analysis. Here is a look at the Round Robin table showing you how many picks, how many ways you can bet them, and how many different combinations of bets you will have for each. For example, a common bet slip will include five teams. Same-Game Parlay A same-game or single-game parlay is a bet that utilizes correlated wagers for the same event to earn higher. 5 to 1 . If one team pushes, then all combinations with that team would turn into the lower Parlay or Straight bets risking the same amount of the Parlay. Thus if there are only 2 teams and one game there are 2 possible outcomes. The 'Round Robin' bet contains 3 selections which amounts to 10 individual bets within this bet type. We would like to show you a description here but the site won’t allow us. Two-team parlay Spread: Atlanta (+1. 6/1, or +260 in American odds. Payout Odds . A Patent is the same thing. This will return 2 figures. 40 to 1 . ”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. For the simple reason they have more chance to win. 0 Points-110: Iowa/Nebraska UNDER 26. Online Casinos;. WhenWith a parlay, you can combine multiple wager types ( bets against the spread, moneyline bets, over/under betting, etc. # of Teams. So it’s every two-team combination (6), three-team combination (4), and a four-team parlay. Underdogs - A positive value (+180) money line divide the number by 100. These teams are then used to create as many three team parlay combinations as possible. 2 Team Parlay – $264. 5. NOTES: In the event that a three-or-more-team parlay results in a tie, it will reduce the wager to the next lowest payoff. Multiply the multiplier by your bet amount. Progressive round robin betting adapts based on outcomes. For example, betting the short odds of a series of favorites at -110: a three-team parlay payout is at odds of +597, a four team parlay has odds of +1,231, and a five team parlay bet has odds of +2,442. 1 units to make 11 different bets: 10 three-team parlays and one five-team parlay, each for . When you place a round robin wager, you’re placing individual wagers on every possible parlay combination within the selected wagers. This round robin betting guide will outline the best ways to utilize a round. If you want to remove any of the wagers from your parlay, simply click the garbage can icon. Run Line – In baseball, a spread used instead of the money line. As long as 2 out of the 3 teams win, in an RR you'll receive a payout. 5 Team Parlay – $2436. Here is a look at the Round Robin table showing you how many picks, how many ways you can bet them, and how many different combinations of. In a Round Robin, you can mitigate risk by playing all of the two leg combinations as well as the three leg parlay. B) Get a 50% profit boost on any college basketball parlay at. If you pick 11 teams, it can automatically create 2,036 parlay combinations. NEW 3 Team Combination Round Robins: Multi-team bets (sides or totals), between 4 and 10 teams. 5 yds = +450. You can. This table shows the odds for 2-team combos all the way up to 11 teams. Round Robins: A round robin is a simple way to place multiple parlays at once. Parlay exceeds the book’s odds threshold. For example, a $100 bet on a 3-team point spread parlay can win you about $600. Open spots are not allowed in Round Robins. A popular round robin is a three-team, two-way bet and this would look something like the below: Our three teams: Team 1 with odds -4. Supports moneyline odds, decimal odds, and enter up to 20 selections. Enter the “Notional Bet”, which is the amount in dollars that you wish to wager on the reverse bet at a particular sports betting site. So they’ve profited $396 and lose $100 from the ten that missed. The more games you pick, the more parlay combinations you can create — thousands if you pick enough teams. 8333. But if you bet it instead as a round robin, you’re betting permutations of the five plays. Parlay 21. Visit our guide to learn more about the betting moneyline at DraftKings Sportsbook. For example – if you wager a 3-team parlay with each selection at odds of -105 instead of -120, your payout would be $74. $18. The more games you pick, the more parlay combinations you can create — thousands if you pick enough teams. Pittsburgh Steelers -3 (-110) Detroit Lions +7 (-110) Parlay 3You bet a 6-team "by 2‘s" round robin, making 15 total $10 wagers. By - November 27, 2022. You can find all of the betting odds that you need for Week 3 NFL betting at FanDuel Sportsbook. Click on Add Bet to add the other wagers on your ticket. You cannot combine ‘connected’, ‘dependent’ or ‘correlated’ events in the same parlay. It requires a minimum of 3 picks, with the number of bets growing exponentially alongside the number of picks. These terms all mean the same exact thing. This means that your $100 4-team parlay on those teams should earn you $1,149. Unlike a moneyline parlay, a point spread parlay specifically focuses on a team’s margin of victory or defeat. Eagles and Giants. Adding a couple of spreads into a parlay can easily increase your odds to almost (+300). When considering making a parlay, it’s important to understand the odds and the potential payout prior to placing your bet. Full Cover. For example, a four-team parlay has odds of 10:1 (or +1000 in American odds). 58 ($69. Post author: Post published: March 31, 2023 Post category: another name for monkey in the middle Post comments: james brian chadwell websleuths james brian chadwell websleuthsThe moneyline parlay is a much friendlier to the punter when it comes to value as the moneyline odds reflect a team’s chance of winning a game. Erik Kuselias 29-11 (73%) L40 PROPS. shindo life rell coin shop bloodline. You would then be placing 10 two-team parlays, 10-team parlay bets, 5 four-team parlay bets and a five-team parlay. For a parlay bet to win, all outcomes (or legs) within the parlay must be selected correctly. 2 Team Parlay: 13-5 odds. Let’s say combination 2. The combination of multiple bets into one decreases the odds on the entire parlay bet winning. 35 on a $10 bet. A three-team parlay consisting of three -200 favorites would have parlay odds of +237. View. The parlay involves three spread bets: the Dallas Cowboys -2. You lose in either case. However, if you go 3-0, you would only win $300 compared to $780! The chances of going 3-0 are 7/1, meaning you will only hit one three-team parlay out of every seven you bet. Team #3 Moneyline. Liked by:. 5 rushing yards (-120) Miles Sanders, over 2. Payout. Bet Amount ($). If one leg of your parlay ties, pushes. Using some basic probability we can take this a step further. Selections . We’ll start with the basic definition of a parlay: It’s a combination of multiple wagers (called “legs”) into a single bet. If all legs in your round robin win, then all three of your two leg parlays would win. You cannot combine ‘connected', ‘dependent' or ‘correlated' events in the same parlay. Here is the "slick" way to solve it: there are 3 outcomes for each game (either the odd team wins, they tie, or the even team wins), and there are 3 separate games, so since each game is independent of the other, there are $3^3 = 27$ possible outcomes. However, if you’d placed 4 individual bets and won 3 while losing 1, you would make a decent chunk of change. For 2 team parlays it’s 52. 5 receptions (+105). Parlay Betting: How to Bet Parlays on Your Favorite Sports. 3. +120144 ($100 bet would win $120,144) Of course, this same-game parlay has astronomically low odds of hitting, hence the +120144 payout. Facebook. Read that last bit again: This brand spanking new method of betting is accounting for 20% of all NFL bets at a major American sportsbook. 2 of the games finished. 80 at +2436 odds. Round robin bets are parlay bets with anywhere between 3-10 different combinations. If one parlay wins, new parlays are formed with remaining bets. If one team pushes, then all combinations with that team would turn into the lower Parlay or Straight bets risking the same amount of the Parlay. Not every sportsbook offers them, but it adds a different element to the game. Each outcome included is called a ‘leg’, and every leg must be successful for the parlay to ‘stand’ as a winner. Hell, the climaxes of recent critically acclaimed movies “Silver Linings Playbook” and “Uncut Gems” both revolve around daring parlay bets. Think of it as a way to make many small parlays from a list of outcomes. 4, and 1. Again, I have no idea why this is, but IF you wager a parlay bet, make it a 3-team parlay . It covers all of the possible parlay combinations for when betting on seven separate events. Looking at the above example, if you were to place a single online bet of $300 using all those lines in a 3-team parlay, you’d be paid out at nearly 6-to-1, but all three teams would have to cover. . 50, 1. 5, and 1. This final value represents how much the total payout of a 2-team parlay bet would be as a factor of the wager amount you put on for the parlay bet. 5-Team Parlay Payout. 4 team parlay and one of the selections is a tie (only on 2 way markets), the leg would be considered a “push”. So again, (1/2) 12 = 1/2 12 = 1/4096, or 0. Add Team Moneyline. You cannot combine ‘connected’, ‘dependent’ or ‘correlated’ events in the same parlay. In short, yes. Find out how much you'll win on any parlay. A parlay bet is when you select two or more teams or players to bet on and all selections must win for the bettor to receive a payout. How do you hedge a 3 team parlay? Parlays are a good example of hedging as well. 967. Now let's say you decide to risk $10 on each parlay combination of these three teams. #5. So using the above example: 2. The sportsbook will create 3 two-team parlay combinations, as follows: Lakers + Celtics Lakers + Knicks Celtics + Knicks If one of the teams doesn’t win, such. If one team fails to cover, most of your 26 bets would still pay off and you. As well because you are "buying" points, the win return is smaller. cameron county tax office vehicle registrationIf you parlayed three -200 MLB favorites, you’d multiply 1. The most common round robin bets include groupings of two-team parlays, but three-team, four-team, or five-team. If the price of the piece is positive, simply add one to get the factor. I hope I'm making sense here. 3 team parlay: 5. A 4-team parlay bet usually pays off at 13 to 1. To calculate another parlay, click "Clear" and start again. Online Casinos. A nice payoff if you win every pick. We use American style (-500), but you can choose Fractional (1/5) or Decimal (1. 5 (-110) + Rams -6. Simply put, a parlay is a bet of 2 or more teams (selections) or propositions in no particular order. 4% to break even. You plan on making a $50 wager. A round-robin bet is a parlay or teaser with three or more games, or "legs," where you are actually betting multiple smaller combinations involving your selections instead of lumping them into one must-win-all wager. 7. A 'parlay' bet is a bet placed on multiple outcomes (or legs) to occur. This means that your $100 4-team parlay on those teams should earn you $1,149. [deleted] •. Below is an example of a three-team parlay containing NBA spread bets. Rather than parlaying all the teams in one standard three-team parlay, a Round Robin bet creates. Three-way is the same concept, but with three team combinations among four or more teams. 5 with -110 odds. 5% vs. If one of your teams in the Round Robin loses, then all parlays associated with that. An NFL parlay, or any betting parlay, is a combination of multiple bets. You plan on making a $50 wager. A round-robin bet is a parlay or teaser with three or more games, or "legs," where you are actually betting multiple smaller combinations involving your selections instead of lumping them into one must-win-all wager. The return on your parlay would be about. This is the total amount you would receive if you won a $50 two-team parlay with odds of +130 and -150. Assuming it’s a coin toss to which game wins, you have a 50% or 1/2 chance of guessing right each time. A round robin tournament in sports is a set of games in which a group of teams plays each other one time. The three-team parlay is separated into every possible combination of two teams (indicated by the “2s” notation), and you play all three possible combination (indicated by the “x3 wagers” notation). Calculating Parlay PayoutsConvert the American odds to decimal odds. 8. Our parlay odds calculator can show you your expected payout from a parlay bet based on the amount wagered and the odds of each leg in any format (American, Fractional, or Decimal). James Cook, over 52. Team 3 / Team 4: $1: 4. Parlay bets are paid out at odds higher than the typical single game bet, but still below the "true" odds. In a Round Robin, you can mitigate risk by playing all of the two leg combinations as well as the three leg parlay. 6 to 1: $260: $360 3 Team Parlay: 6 to 1: $600: $700 4 Team Parlay: 11 to 1: $1,100:For instance, lets say you pick 8 stat lines for a large parlay, then select you want that parlay '3 ways'. 3-Leg Parlay. Hedging reduces the risk. 8. 00, 2. 3 team parlay – 6/1 odds, pays $600. 8. Parlay combinations: If you have selected multiple games, indicate which combinations you wish to bet on. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. Progressive round robin betting adapts based on outcomes. 30 (+130). Once you hit calculate the payout should display 1149. Here’s a four-team round robin from NFL Week 16 in 2022 from FanDuel. 4, just multiply all three numbers with your stake. There are many stories of an insane parlay bet hitting for huge money against all odds. But you would have saved yourself a lot of money by betting the combo instead of placing 4 individual bets if you went 0-4. 00, 3,00, 4. Use our Teaser Calculator to determine the outcome of any particular teaser combination. . But wait, before you go place your bet, keep reading. The main appeal of a parlay bet is the opportunity for a potential payout that is vastly bigger than is available on individual wagers. So why would you want to bet a round robin,. Parlay 3: Team B, Team C; 2) Next, multiply these decimal odds by each other. That my friends, was a license to print money!If you bet $10 on a three team parlay with all legs at -110 odds, your three team parlay payout would be $69. sufrimientos de pablo de tarso; stephanie hebard venturaHow many combinations can there be for 12 games? Thank-you very much. A three-team round robin is the simplest version as the more games selected, the more parlay combinations a customer can create. A Yankee is just another term for a bet of every round-robin combination as one in a four-team parlay. After deciding on your selections, teams, and market, just input the odds in Decimal (3. You are backing a chance with odds of 12/1. 44. 60. Round Robin bet payouts are determined by how many teams of the bets win, which means that if two out of three teams win, you’d still receive some money back. A tie and win on a 2 team parlay pays out as a straight bet. A two-way BC parlay. Last Updated Nov 13, 2023 Parlays hold a special place in the lore of sports betting. Points may be bought on as many picks as the customer wants in a Round Robin, as long as the Round Robin is broken into only 2 or 3 team combinations. vanderbilt orthopedic surgery residency united automotive sales how many combinations in a 6 team parlay. Parlay Combinations. 0 @ -110) @ MilwaukeeThe simplest option would be to create a traditional 3-leg parlay, which would return $695 at +595 if all three teams win their games. However, the football parlay odds for the entire bet would be +600 (6-1) since you have a 50-50 chance of winning each bet (3 bets x 2 = 6). Here is their payouts table: Teams Payout; 2 Teams: 2. Then in the wager amount enter 100. For example, if you selected three games, you could indicate that you want to bet on a 3-team parlay, as well as any 2-team parlays from those three games. Google+. ag, you may include up to 12 Selections in your. In reality, however, if one assumes that each single game bet is 50/50, the true payout should instead be 3:1. 91 = 6. For a basic parlay definition, this bet type simply pairs multiple individual selections into one wager. Use the following steps to determine your winnings or should we say potential winnings. Round Robins: A round robin is a simple way to place multiple parlays at once. 20). 0 Points-110:. Picks and parlays in the NCAAB, an amateur level, draw in millions of wagers each year. And, they are only 2-2 on the road, suffering an embarrassing 37. Definition: A wager that comprises all possible combinations of parlays for the bets selected. would one be able to cover every combination of a 6 team parlay. However, if all five are covered, the payout would be high: around +2335, a win of $230. USA. Minnesota Vikings -3 (-110) Cleveland Browns +4 (-110) Parlay 2. All the many combinations of bets and line movements create a marketplace of vast possibilities and options. 1 x 1. com What is a 3x 2 team parlay?This works out to 10 total wagers. If only two of the wagers win, you would still have some degree of return on your initial investment. 5 ; Team 2 with odds +7. if you select 4 teams and one of those ties, it becomes a 3 team parlay. If one of your teams in the Round Robin loses, then all parlays associated with that. ago. For Type 2 System Bets, you will see them listed on the site as “System 2/3” “System 2/4” “System 2/5” etc. Bet 1 has odds of 1. There are a lot more options though when it comes to Round Robins. 220/120 = 1. 22 to 1 . Liked by: Quote. For example, if your first team wins and pays out at 1. NEW 3 Team Combination Round Robins: Multi-team bets (sides or totals), between 4 and 10 teams. What’s important to note is this amount. 3 Team Parlay: 6-1. 2, 1. The splits are also different, for example, in a 4 team round, you can choose to split into 6 different two-team parlays or 4 three-team combinations. April 11, 2023; how much do state of origin coaches get paid. . The Point Spread charts give the odds and expected loss rates for different parlay combinations in the various provinces. Check out today’s Pickswise Picks and Parlays right here, every day, with full. Post author: Post published: May 21, 2023 Post category: jeffersonville high school staff directory Post comments: 10 facts about the witches in macbeth 10 facts about the witches in macbethMesa, Az Tempe, Az Gilbert, Az Chandler, Az Phoenix, Az Scottsdale, Az Gold Canyon, Az San Tan Valley Florence Queen Creek Peoria Glendale Arrowheadmushroom foraging pisgah national forest; why did darren mullan leave hscc. Only one combination needs to hit for you to win, unlike a 3-team parlay where all three would need to hit concurrently. In a selection of five teams, you can have the following;. A 3 leg round robin would essentially be three separate two leg parlays. A round-robin. 50x 10= 500. 91, 1, 91, and 1. 2 Team Parlay: 2. Patent: a type of round robin bet that involves three selections. The more games you pick, the more parlay combinations you can create — thousands if you pick enough teams. If I bet a 3 team parlay how many combinations are there? Also, how do I calculate this? Thanks for any hel Reply With Quote 10-12-09 12:45 PM #2 20Four7 Timmy T = Failure Become A Pro!. Army) at -145, and combine them into 3 two-team bets and 1 three-team bets, as well as 3 single-team bets. Instead of playing each other, the teams form parlays together. Two-Team Parlay. These teams are then used to create as many three team parlay combinations as possible. We’ll discuss costs in more detail shortly. First Parlay: Atlanta Falcons -3;. 64 to 1. You cannot combine ‘connected’, ‘dependent’ or ‘correlated’ events in the same parlay. Press add bet to add more lines up to 15 bets. A round robin is the most basic of all parlay bet systems. You cannot combine ‘connected’, ‘dependent’ or ‘correlated’ events in the same parlay. As you can see from the image above, if we were to place a $10 bet on the By 2’s x 6 wager and all teams won, then we would be set to win $195. You take a group of three or more selections and put them in combinations of. Linkedin. A parlay is quite simply the combination of two or more bets. For each game there are two possible results, the first team wins and the second loses or the first team loses and the second team wins. Parlays are a wonderful way to turn a small stake into a juicy bank boosting payout. As a general rule, most intelligent bettors never exceed three legs in a parlay wager. Similar to two or more If bets but apply every possible combination for wagering. Let’s add some odds to the mix: Game 1 (+100) Game 2 (-110) Game 3 (+350) Game. 6666 x 2. All of those. With game lines available for more than a dozen leagues internationally, the possibilities are endless! Be sure to select your state before choosing your bets, then change the wager amount to see your potential winnings!WEEK 3 NFL SEASON Team LHEO SureCap Parlay Combinations Below are 128 possible winning combinations for this NCAA and NFL Football. Hedging reduces the risk. Payouts. A two-way AC parlay. Arizona -3. The Round Robin betting format consists of 3 doubles, 1 treble and 6 SSA (Single Stakes About) bets. In doing a round robin parlay a 4 out of 4 day will pay 340 but u dont lost everything. 3 * 1. For example, a four-team parlay will become a three-team parlay, and a three-team parlay will become a two-team parlay. 625. Parlay #1: Chicago Bulls -3; Los Angeles Lakers +7; Wager $5 to Win $13 (2. Another three-team parlay with three +150 odds would have parlay odds of +1460. 62 for a $10 stake, so $12. College football parlay bets are great options for bettors who prefer to wager smaller amounts on bigger odds. The amount you bet is the amount that is risked on each three team parlay. So, if teams A and team B win in your parlay, you Round Robin bet will be. Every book will display round robin options a little differently. A teaser bet is a lot like a parlay bet, all of the games you picked must win in order for you to win. hog n bones nutrition menu. dog razor burn after surgery. Instead of submitting it as a five-team parlay, where one loss would sink the whole slip, you can request that the slip be broken up into a certain number of combinations at X dollars a. For even money, put in 100 or -100. 21. Don’t Be Afraid. With our parlay calculator, you can select how you want your odds displayed. Cowboys -6; Giants +6. For example, let’s say the Seattle Seahawks and Green Bay Packers are playing a game during the NFL season. Florida State) at -162, and Coastal Carolina (vs. If the 3 losing teams do lose, your new parlay can make up for some of those losses on the round robin bet. Instead of parlaying all three teams in a 3-team parlay, which would offer worse odds than individual 2-team parlays, we can create all possible combinations of 2-team parlays using a round robin wager. Round Robin – 3-15 picks, 3-105 bets. 10 total wagers will be placed. A popular round robin is a three-team, two-way bet and this would look something like the below: Our three teams: Team 1 with odds -4. The payout is $36. For example if you were to pick a 5 team Round Robin with 3 team parlay combinations for $ 100 each way there would be a total of ten - 3 team parlay combinations with a total risk of $1,000 to win a total of $6,000 if all the sides or totals are -110. Parlay #3 NY Knicks +170 Utah Jazz -275. 7 = 3. 50, and your second team wins and pays out at 1. The 49ers beat the Seahawks three times last season including a 41-23 thumping in the Wild Card playoff round. The basis of this market is that you need all the selections to win for the bet to be successful. Get the most profitable bet in Virginia delivered to your inbox. In order to just see potential profit, you need to subtract out your original bet. Good luck! Our free Parlay Calculator works out the value of. Negatives of Parlay Betting. Add a fourth team, and the number of possible combinations swells significantly. A parlay payout is based on the number of single bets you're parlaying and those individual odds. a parlay is when you bet on 3 teams and they all have to win. A parlay is two or more bets that are grouped together and treated as one wager.