How many times have you placed a big parlay only to have it lose on the final game? Sure, you’ve picked 4 out of 5 or 5 out of 6 but it still pays the same as if you went 1 for 5 because if you lose one game you lose the entire wager.

One of the reasons online sportsbooks can offer very high odds parlays is because its so difficult to pick one winner let alone pick 5.  First, let’s have a look at how to calculate a parlay.

How to Calculate a Parlay

If you are going to bet parlays, always check the payouts as the odds vary from site to site but generally, they payout about 2.6/1 for a two teamer and 6/1 for a 3-teamer using Standard -110 lines. Read the rest of this entry »