Calculate what you would win on a standard bet given the amount of your wager. The first step is to pick one of the individual wagers. Let’s say you wanted to place a $100 bet on a 3-teamer on the Yankees -150, Cubs +125, and the Dodgers -120. But, you might be asking yourself how to do you determine how much you will win. I’ve already mentioned that the payouts are better than betting each play individually. The basic principle of a parlay is that you are doubling down the profits from each bet onto the next one. If any one team loses, the entire wager is lost. The kicker is that in a parlay the individual bets all must win.
The payouts are much bigger than if you were to bet the plays separate of one another. But, I wanted to take a quick second and explain it for anyone who isn’t familiar with this type of wager.Ī parlay is a single bet that combines two or more individual bets into one wager. Most of you reading this article are likely already familiar with how parlays work. Understanding How to Bet & Handicap Winning Parlay Picks in Baseball How Parlays Work
