Are you a sports gambler who likes to get lots of bang for you buck and is ok with assuming risk? Then parlays are for you!
Parlay bets are wagers in which you select 2 or more point spreads from the day's card and make a bet that everything you picked will cover the spread.
Traditionally, parlays can be bet from 2-12 teams but some sportsbooks out there are starting to test the waters with parlays up to 15 or more teams.
The attraction to parlays that most bettors have is the ginormous payouts which can be achieved with a very small amount risked. Let's take a look at a college football parlay payout chart:
| Friday Only Special @ Players Only |
Regular Parlay Odds | |
|---|---|---|
| 2 Teams | 2.8/1 | 13/5 |
| 3 Teams | 6.4/1 | 6/1 |
| 4 Teams | 13.5/1 | 10/1 |
| 5 Teams | 27/1 | 25/1 |
| 6 Teams | 54/1 | 40/1 |
| 7 Teams | 107/1 | 75/1 |
| 8 Teams | 210/1 | 150/1 |
| 9 Teams | 411/1 | 300/1 |
| 10 Teams | 804/1 | 700/1 |
| 11 Teams | 1,570/1 | 1,100/1 |
| 12 Teams | 3,066/1 | 1,800/1 |
Now let's take a look at an example of a parlay bet:
Let's say you pick 5 teams and bet them in a $2 parlay. Let's say they all win. You have won a $2 wager that pays 25-1 odds which means you have won $50. ($25 for each $1 you bet)If one of your spreads had not covered, your whole bet would be a loser.
That brings us to another point. A new bet out there is called a progressive parlay. This new wager allows you to bet a parlay and have some losses but the bet still pays out at lesser odds. To read more about them, click here: Progressive Parlays.
Note: In the event of a tie in a parlay wager, the bet reverts to one team lesser. If a two team parlay has a push in it, it reverts to a straight wager at -110 odds.
Also, as you may have noticed, if you make your parlay bets on Friday's at Players Only you get special -105 odds which makes for a much fatter payout!
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Line Movement - NCAA football lines open early in the week and often times move up or down based on wagering activity, injuries to key players and weather. We decipher whether it's square or wiseguy action and predict the point spread winner based on value.
College Football Consensus Picks - We assess the public perception each week and let them pick the winners for us as we fade their selections which provides us with many trips into our bookies endzone.
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Trends - Despite what you have been told or read on tout sites, the trend ain't your friend. We however turn the tables and fade the almighty trend for what should be some great profits over time.
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5Dimes - 15 team parlays! 20 point teasers! Buy up to 15 points! Most props on the web!
Sportbet - Wager on NCAA games at -105 odds up to $500 when making your bets on Tuesday's!
PlayersOnly - Their progressive parlays allow you to lose some games and still cash in your betting ticket!
Heisman Trophy Betting Odds - Tim Tebow, Sam Bradford, Colt McCoy or ? You make the call!
Odds to Win the 2010 BCS Championship - Florida heads up the list at 2-1 followed closely by the Oklahoma Sooners, Texas Longhorns and Ohio State Buckeyes.
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