Team Parlay Odds
One BetMGM customer in Tennessee had a very eventful Sunday. The bettor assembled a 12-team parlay across two sports, college basketball and hockey, and turned a mere $25 into a whopping $93,740. A 10-team parlay can make for a huge payout, by the way. A payout of 825 to 1 wouldn’t be unusual for such a bet, but the probability of winning that bet are bigger than that—1023 to 1. Bet $100 on a 10-parlay, and you’re looking at winnings of $82,500. Put simply, a parlay requires perfection. With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts.
Bet Amount- $100
- $200
- $500
- $1000
- Parlay Boost
- NCAA Basketball
- NJ/PA/IN/TN/CO/WV/MI/VA/IA
- Boosted from +150
- NBA Dunk Special
- PA/NJ/CO/MI
- Boosted From +240
- Suns @ Lakers
- Available in CO
- Boosted From -140
- Clippers @ Celtics
- NJ/IL/IN/IA/CO/MI
- Boosted From -110
- Clippers @ Celtics
- NJ/PA/CO/IN/WV/TN/IA/VA/IL/MI
- Boosted From +172
- NCAAB Special
- IL/NJ/WV/IN/CO/TN/IA/MI/VA/PA
- NBA Special
- Plus Signup Bonus
- PA/IN/IL/CO/MI/VA/NJ/IA
Ten Team Parlay Odds
- NCAAB Boost
- Also 20% On Tennis
- NJ/IN/PA
What is a Parlay?
A parlay is a bet that combines two or more picks for a larger payout than normal wagers at U.S. sportsbooks. All picks in a single parlay must cover in order to win the parlay bet. Covering five of six games in a six-team parlay counts the same as losing six of six games. Put simply, a parlay requires perfection.
With more risk comes more reward. Two-team parlays (or two-teamers) typically pay 2.6-to-1 and three-team parlays pay 6-to-1. You can add more picks for larger payouts. The payouts above are based on normal-juiced spreads (-110). However, not all spreads are juiced -110. For example, sometimes you will find a side or total -/+105 or -/+120, making parlay calculations a little more difficult. (Learn how to read lines here.)
Moreover, payouts are different when you parlay moneylines, which are particularly common when it comes to betting on the MLB, NHL, and MMA.
For example, look at this hypothetical $10 MLB parlay:
- New York Yankees -210
- Boston Red Sox -165
- Over 8 -120 (Washington Nationals vs. Atlanta Braves)
Five Team Parlay Odds
Enter the price of each pick above (-210, -165 & -120) into the parlay calculator along with the wager size. If you entered everything correctly the payout should read $33.46. The heavy favorites in the parlay decrease the size of the payout.
Now look at this $10 parlay of NFL underdogs:
- Philadelphia Eagles +180
- Indianapolis Colts +250
- New York Giants +365
20 Team Parlay Odds
Again, enter the parlay prices and the wager amount. This time the payout is $445.7 since the parlay consists of big underdogs.
7 Team Parlay Odds
Keep in mind, most sportsbooks do not allow correlated parlays. So you would not be able to parlay the Eagles moneyline and the Eagles spread together, since the Eagles covering the spread increases the odds of the Eagles winning the moneyline. You can often parlay an over/under bet with a spread or moneyline bet from the same game, but there are occasional restrictions depending on the numbers.
The parlay calculator, along with other sports betting tools for NFL, MLB, NBA & more, will help serious and recreational sports bettors alike save time and money as they navigate legal US sportsbooks.