Parlay - A parlay is when a better picks more then one bet and puts them together to increase the value of the payout. Maybe the better sees five sports bets he all believes will hit, he can parlay them, so if everyone of the bets hits he has a very substantial payout. The payout values for parlays involving point spreads and/or over/under bets is the same for virtually all sports gambling providers:
Parlay size: Fixed odds:
2-team 2.6/1
3-team 6/1
4-team 12/1
5-team 25/1
6-team 35/1
7-team 75/1
8-team 100/1
9-team 150/1
10-team 300/1
11-team 450/1
12-team 600/1
This chart is courtesy of https://www.bodoglife.com/. If the better chooses to do a parlay including money line type bets, these payout odds change depending on what the moneyline odds were.
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