Bet #1: Moneyline @ -195 Bet #2: Moneyline @ -455 Bet #3: Moneyline @ -165 Overall odds: +199. Just to ram home the point about the odds involved, we chose three moneyline favorites to populate our parlay here. To reiterate, each of these choices is expected to win their game. Parlay definition is - to bet in a parlay. How to use parlay in a sentence.
A parlay, or combo bet, is a selection of 2-12 bets put together in one wager. Winning the parlay needs all of your individual selections to win. If any bet in your parlay is a loss, the entire wager is graded as a loss. But if it hits, the payoff could reach six digits (depending on what you risk). When you add more bets to your parlay you. The basic concept is to parlay the strongest 2 road teams each night. For example if Boston is -120, NYR +110 and Toronto +125 are the 3 road teams, you'd parlay Boston -120 and NYR +110. Typical point spread payouts look like this: 2 team parlay – 13/5 odds. 3 team parlay – 6/1 odds. 4 team parlay – 10/1 odds. 5 team parlay – 25/1 odds. 6 team parlay – 40/1 odds. The odds continue to get larger and better for the person making the wager with the more teams you add to it.
A parlay is a type of wager where multiple outcomes are selected. Each of the outcomes must win in order for the parlay to win. Any point spread tie reduces to the next lowest number of teams in the parlay. The odds for the number of teams placed in a parlay are based on the pay table below when the selections (point spreads and totals for football and basketball, games and segments) have a default line of -110. Listed below is the BetMGM/Borgata Online pay table.
All Football and Basketball Parlays
(Point Spreads and Totals all - 110)
2 Teams | +260 |
3 Teams | +600 |
4 Teams | +1000 |
5 Teams | +2000 |
6 Teams | +4000 |
7 Teams | +8000 |
8 Teams | +15000 |
9 Teams | +30000 |
10 Teams | +60000 |
11 Teams | +110000 |
12 Teams | +200000 |
13 Teams | +300000 |
14 Teams | +600000 |
15 Teams | +1000000 |
Parlay Odds Selections:
The legs in a Pay Table parlay all must meet the following requirements:
- Football, basketball (excluding money lines) and their halves or quarters
- Point spread or totals
- Default odds that are set at -110.
Maximum payoff on off the board parlays is 10000/1. Acceptance of all parlays is at the discretion of management.
Example 1: The 2-team parlay (See picture below) is a standard parlay paying 2.6 to 1 or 3.6 for 1. Using the Pay Table, $10.00 x 3.6 = $36.00 payout. Pay Table parlays are not calculated using “true odds” (-110 is not .9091 in this case). The Pay Table Multiplier section below explains the way that Pay Table odds are calculated.
PARLAY (2 TEAMS) | |
---|---|
1 PARLAY @$10.00 | |
24Jan PRO FOOTBALL | |
[302] COLTS | -71/2-110 |
22Jan PRO BASKETBALL | |
[702] BOBCATS | -6-110 |
Ticket Cost: | $10.00 |
To Win: | $26.00 |
Collect: | $36.00 |
WRIT2 SR_POS2 | 22Jan18 11:02:40 |
Pay Table Multiplier
This is the factor that, when used for each leg of a parlay, gives the Pay Table payout. For a 2-team parlay at default odds, the factor is a square root. For a 3-team parlay, it is a cube root, for a 4-team parlay, it is the 4th root of the payout.
The return on a 2-team Pay Table parlay at 2.6 to 1 is 3.6 for one, as the payout. The square root of 3.6 is 1.8974. This is the Pay Table Multiplier for 2-team parlays.
$10 X 1.89736 X 1.89736 = 36.00.
Below is the pay table multiplier which is used as the method to calculate pay table parlays when the default odds are -110.The respective Pay Table Multiplier (shown below) by the True Odds Multiplier of the number (other than -110) minus the True Odds Differential (shown below).
2 Teams | 1.89736 |
3 Teams | 1.91293 |
4 Teams | 1.82116 |
5 Teams | 1.83841 |
6 Teams | 1.85693 |
7 Teams | 1.87344 |
8 Teams | 1.87228 |
9 Teams | 1.88536 |
10 Teams | 1.89621 |
11 Teams | 1.89027 |
12 Teams | 1.88409 |
13 Teams | 1.87339 |
14 Teams | 1.86154 |
15 Teams | 1.84786 |
Non-Pay Table Parlays
We use the term Non-Pay Table parlay when at least one leg does not meet requirements 1 and/or 2 of the Pay Table parlay default odds section above.
Sports like Boxing, Baseball, and Hockey use Non-Pay Table Odds. Football money line bets also use them. The True Odds Multiplier section below explains the way that Non Pay Table odds are calculated.
Example 2: The 2-team parlay below uses the True Odds Multiplier because neither leg meets the Pay Table requirements, so $10 x 1.9091 x 1.9091 (rounded) = $36.45 payout.
PARLAY (2 TEAMS) | |
---|---|
1 PARLAY @$10.00 | |
30Jan PRO HOCKEY | |
[2] CAPITALS | -110 |
28Jan BOXING | |
[3605] MAYWEATHER | -110 |
Ticket Cost: | $10.00 |
To Win: | $26.45 |
Collect: | $36.45 |
WRIT2 SR_POS2 | 22Jan18 16:26:24 |
Example 3: The 2-team parlay below uses the Pay Table Multiplier for 105 because it meets all other requirements for Pay Table Odds (see Pay Table Parlays above). Note: The root for the Pay Table Multiplier is based on only the number of legs that meet the requirement. It usesthe True Odds Multiplier for 107 (-1/-120 = .8333) because that leg does not meet requirement 2. Although it is a Football game, it is a money line wager.
$10 x 1.9091 x 1.8333 = $35 payout.
PARLAY (2 TEAMS) | |
---|---|
1 PARLAY @$10.00 | |
Jan 08 NFL | |
NFL WILDCARD PLAYOFFS | |
[105] FALCONS | +3-110 |
Jan 08 NFL | |
NFL WILDCARD PLAYOFFS | |
[107] STEELERS | -120 |
Ticket Cost: | $10.00 |
To Win: | $25.00 |
Collect: | $35.00 |
TIMW BODINES T01 | 5Jan18 09:35:56 |
Pay Table Non-Default Odds
We use the term Pay Table Non-Default Odds when all legs meet requirements 1 and 2 of a Pay Table parlay: 1) Football, basketball, and their halves or quarters 2) Point spread or totals, but at least one leg does not meet requirement 3 because it hasodds that are not equal to the default odds.
Pay Table Non-Default parlays are not calculated using “true odds” (-120 is not .8333). The True Odds Differential section below explains the way that Pay Table Non-Default odds are calculated.
Example 4: The 2-team parlay below uses the Pay Table Multiplierfor default odds for 302 (which meets all the requirements of a Pay Table parlay like Example 1 above). However, the other leg (304 Saints) has non-default odds -120, so a factor called the True Odds Differential is used to adjust the True Odds Multiplier of the -120 to derive the new Pay Table Multiplier for non-default odds -120.
$10 x 1.8974 x 1.8216 = $34.56 (rounded to nearest nickel $34.55)
PARLAY (2 TEAMS) | |
---|---|
1 PARLAY @$10.00 | |
24Jan PRO FOOTBALL | |
[302] COLTS | -71/2-110 |
22Jan PRO FOOTBALL | |
[304] SAINTS | -3-120 |
Ticket Cost: | $10.00 |
To Win: | $24.55 |
Collect: | $34.55 |
WRIT2 SR_POS2 | 22Jan18 11:03:11 |
True Odds Differential
The only time that the True Odds Differential is used is when a leg contains a Pay Table sport that has non-default odds for point spread or totals (Example 4 above has -3-120 instead of -3 -110).
Calculating the True Odds Differential for a Non-Default Odds leg when default odds = -110
(True Odds Multiplier of -110) - (Pay Table Multiplier of -110) = True Odds Differential
1.9091 - 1.8974 = .0117
Calculation to find the Pay Table Multiplier for Non-Default odds -120 in Example 4
True Odds Multiplier of -120 = 1.8333 – True Odds Differential = . 0117
Pay Table Multiplier of -120 = 1.8216
The only exception for not using the true odds differential is when the pay table multiplier exceeds that of true odds (-110 or .9091).
Calculations to find the True Odds Multiplier
When the Leg is a Favorite
When laying odds (money line is less than 0): (-1) x (100)/ (money line) +1.
Example: True Odds Multiplier for Money line: -110: (-1) x ((100)/ (-110)) +1 = 1.9091
When the Leg is an Underdog
When taking odds (money line is greater than 0): (money line)/ (100) +1 Example:
True Odds Multiplier for Money line: +130 = ((+130) /(100)) +1 = 2.3
As expected, since taking back the lead, Bayern Munich increased the gap at the top of the table and mostly because their direct opponents are dropping points week in and week out. RB Leipzig dropped 8 points in 4 rounds and Leverkusen 11 points in 5 rounds. Give them the title already… But Bundesliga remains one of the most entertaining leagues in Europe and the fight for the Champions League spots is getting more and more intense. Here’s a complete preview, updated soccer odds, and our top betting picks.
Eintracht Frankfurt vs. Hertha Berlin
Saturday, January 30, 2021 – 09:30 AM EST at Deutsche Bank Park
All eyes on Eintracht, the most consistent team in Bundesliga right now. Unbeaten in their last 7 domestic league games, winning 5 and scoring 19 goals in the process. On top of that, Luka Jovic is back, and it looks like he’s enjoying it. He netted 3 goals in 3 games playing just 25 minutes in each match. Let’s not forget that Andre Silva is on fire and let’s not forget Filip Kostic, one of the most important players in the team. He’s doing miracles on the wing, offering assists after assists, being one of the best box-to-box players in the German top-flight league.
On the other side, we have a deflated Hertha Berlin side. Yes, they won the Berlin derby, yes, they beat Schalke, but that happened ‘ages’ ago. Since their last win, they failed to find the back of the net in 3 of their previous 4 Bundesliga fixtures losing 3 of them. And let’s note that their last 2 games, both lost, were at home against Werder Bremen and Hoffenheim and they conceded 7 in the 2 games.
Eintracht are sitting 6th in the standings but the gap between them and 2nd-placed RB Leipzig is very small, just 5 points. With a win against Hertha, they might enter in week 20 sitting 3rd. Home win expected and a strong performance from Eintracht.
Free Soccer Pick: Eintracht to win at -133 (1.75) at BetOnline (Visit our BetOnline Review)
Nfl Week 2 Parlay Picks
Wolfsburg vs. Freiburg
Sunday, January 31, 2021 - 12:00 PM EST at Volkswagen Arena
Nfl Week 2 Parlay Card
Wolfsburg, 4th place, 32 points, WOW… Nobody expected this to happen. In a league with Robert Lewandowski or Erling Haaland, we also have Wout Weghorst and he is on fire. Fifth in the top-scorers chart, Wout is facing Freiburg, against whom he has three goals and two assists in five Bundesliga games. You can say that Freiburg is his favorite opponent.
They also have midfielder Ridle Baku, a decent box-to-box player who’s getting involved in every single play helping both the attack and the back line.
Their opponents, Freiburg, are 9th in the standings but just 5 points behind them. The visitors scored in all but 2 games this season, against Dortmund and RB Leipzig on the road, but that happened back in November. They are in great shape, despite losing to Bayern Munich 3 rounds ago. If we take out that defeat, they are unbeaten since the end of November, so don’t expect an easy match for Wolfsburg.
This might easily be a draw game, but we also expect goals from both sides so our choice for the 2nd selection of this parlay is ‘both teams to score’.
Parlay 2 Legs
Don't forget to use our odds calculator to easily determine the payout for your bets.
Free Soccer Pick: Both teams to score at -152 (1.66) at Intertops (Visit our Intertops Review)