If you made 5 straight bets for $22 each ($110 total wagered) and won all of them, you would win $20 per game for a $100 total profit. To put a parlay win into perspective, lets use a 5 game parlay as an example. If multiple games are going on at the same time and you don’t have enough money to make straight bets on each game, a parlay bet is a way to get action on each game. They also allow bettors who have a limited bankroll to bet on multiple games, instead of waiting for games to end and time to collect their winnings. Parlay bets allow sports bettors to make small bets with the possibility of large wins. However, for people who take their sports betting seriously, they’re too high risk to be a reasonable betting strategy. Money line parlays are great for an annual trip to Vegas where the idea is to go big or go home. If you’ve chosen big favorites, the odds will be lower. If you’ve chosen a number of underdogs, your odds will go up. Odds for parlay bets when using a money line are relative to the odds of each pick within the parlay. While there can be some slight variation from one sportsbook to another, in order to be competitive they’re generally pretty similar. Point spread parlay bets have somewhat standard odds, being very close at most sportsbooks. Two types of parlay bets can be made – those that use a point spread, and those that use a money line. Higher than normal parlay payout odds Parlay Betting Odds
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