Sportsbooks love to encourage bettors to take parlays because they multiply the odds. If any 2 teams win you will see some return, though it may be less than your total stake. The parlay breakdown is 28 doubles, 56 trebles, 70 four-folds, 56 five-folds, 28 six-folds, 8 seven-folds and one 8-fold. You could take a goliath which is a parlay consisting of 247 bets involving 8 selections in different events. If 5 out of 8 teams win the amount of your return will depend on what the odds were on those 5 teams. You won’t have to do this manually the sportsbook will have various parlay options available at the click of a few buttons. That would be 56 different five-fold parlays. You could increase your chances for a return buy including all 5 leg combinations possible for your 8 selections so that you only need 5 out of 8 legs to win for you to see a profit. Larger complex variationsĪ popular option is to combine 8 games into an 8 leg parlay. If you had made 3 separate bets each with a stake of 100 m฿ and they all won you would have only won 714 m฿ for the same total risk of 300 m฿.

They all won so it doesn’t matter which order you look at them in.

Now that is put into the remaining leg of the parlay on Team USA. This payout is put on the next bet in the parlay, South Korea. The first bet is on Chile, which wins so 300 m฿ * 1.74 = 522 m฿ After each bet wins, the full payout is put on the next bet, like this To understand the payout better imagine they are 3 separate bets starting with 300 m฿. SelectionĬombined your bet would be at odds of 1.74 X 2.30 X 3.10 = 12.40įor a stake of 300 m฿, you are hoping for a return of 300 m฿ * 12.40 = 3720 m฿ In the first round of the FIFA World Cup, you think Chile, South Korea and the USA will win their games and you are willing to put 300 m฿ on them at these odds.

Sports betting parlay guide