Parlay 2 Payout
- 2 Bet Parlay Payout
- How Much Does A Parlay Payout
- What Does A 2 Bet Parlay Pay
- Parlay 2 Payout Calculator
- How Much Does A 2 Team Parlay Payout
- 2 Team Parlay Payout Calculator
However, the football parlay odds for the entire bet would be +600 (6-1) since you have a 50-50 chance of winning each bet (3 bets x 2 = 6). If you bet $100 on the entire parlay bet, you’d get a parlay payout of $700 – your original $100 plus your winnings of $600. That being said, if you are given decimal odds already and want to compute your parlay by hand, there is no need to convert the decimal odds to moneyline odds. Decimal to moneyline: There are two methods to convert decimal odds to moneyline odds, one method being for decimal odds less than 2.0, and the other method being for decimal odds.
What's a Parlay Pick
A Parlay is a Bet that Contains 2 to 12 Selections that are Linked Together to Provide a Higher Potential Payout. If one or more of the Selections Loses, the Entire Bet is Lost. More on Parlay Payout
Wednesday, March 10th, 2021
Washington State Cougars vs Arizona State Sun Devils - Arizona State -115
Duke Blue Devils vs Louisville Cardinals - Duke -145
1 Units for +2.16 at Bovada Sportsbook
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March 2021 Record: (5-4) +5.67
Tuesday, March 9th, 2021
Nashville Predators at Carolina Hurricanes - Carolina -210
Tampa Bay Lightning at Detroit Red Wings - Tampa Bay -1½ (-120)
1 Units for +1.71 at Bovada Sportsbook - Lost 1.00
Monday, March 8th, 2021
St. Louis Blues at San Jose Sharks - Over 6 (-115)
Ottawa Senators at Edmonton Oilers - Edmonton -230
1 Units for +1.68 at Bovada Sportsbook - Lost 1.00
Sunday, March 7th, 2021
Nashville Predators at Dallas Stars - Dallas -160
Nashville Predators at Dallas Stars - Under 5½ (-130)
1 Units for +1.87 at Bovada Sportsbook - Lost 1.00
Saturday, March 6th, 2021
Anaheim Ducks at Colorado Avalanche - Over 5½ (-110)
Calgary Flames at Edmonton Oilers - Edmonton -130
1 Units for +2.38 at Bovada Sportsbook - Won 2.38
Friday, March 5th, 2021
Anaheim Ducks at Colorado Avalanche - Colorado -250
Minnesota Wild at Arizona Coyotes - Minnesota -140
1 Units for +1.40 at Bovada Sportsbook - Won 1.40
Thursday, March 4th, 2021
Detroit Red Wings at Carolina Hurricanes - Carolina -1½ (-120)
Tampa Bay Lightning at Chicago Blackhawks - Tampa Bay -220
1 Units for +1.67 at Bovada Sportsbook - Won 1.67
Wednesday, March 3rd, 2021
Minnesota Wild at Vegas Golden Knights - Vegas -145
Minnesota Wild at Vegas Golden Knights - Over 5½ (-115)
1 Units for +2.16 at Bovada Sportsbook - Won 2.16
Tuesday, March 2nd, 2021
Buffalo Sabres at New York Rangers - NY Rangers -150
Vancouver Canucks at Winnipeg Jets - Winnipeg -120
1 Units for +2.06 at Bovada Sportsbook - Won 2.06
Monday, March 1st, 2021
Calgary Flames at Ottawa Senators - Calgary -150
Vancouver Canucks at Winnipeg Jets - Winnipeg -135
1 Units for +1.90 at Bovada Sportsbook - Lost 1.00
February 2021 Record: (8-20) -4.99
Sunday, February 28th, 2021
Boston Bruins at New York Rangers - Boston -160
Detroit Red Wings at Chicago Blackhawks - Chicago -190
1 Units for +1.48 at Bovada Sportsbook - Won 1.48
Saturday, February 27th, 2021
Indiana Pacers at New York Knicks - New York -115
Dallas Mavericks at Brooklyn Nets - Brooklyn -180
1 Units for +1.91 at Bovada Sportsbook - Lost 1.00
Friday, February 26th, 2021
Boston Bruins at New York Rangers - Boston -170
Los Angeles Kings at Minnesota Wild - Minnesota -175
1 Units for +1.50 at Bovada Sportsbook - Lost 1.00
Thursday, February 25th, 2021
Nashville Predators at Detroit Red Wings - Nashville -160
Edmonton Oilers at Vancouver Canucks - Edmonton -135
1 Units for +1.83 at Bovada Sportsbook - Lost 1.00
Wednesday, February 24th, 2021
Anaheim Ducks at Arizona Coyotes - Arizona -155
Los Angeles Kings at St. Louis Blues - St. Louis -155
1 Units for +1.71 at Bovada Sportsbook - Lost 1.00
Tuesday, February 23rd, 2021
Chicago Blackhawks at Columbus Blue Jackets - Columbus -120
Pittsburgh Penguins at Washington Capitals - Washington -110
1 Units for +2.50 at Bovada Sportsbook - Lost 1.00
Monday, February 22nd, 2021
Dallas Stars at Florida Panthers - Florida -125
Calgary Flames at Toronto Maple Leafs - Toronto -145
1 Units for +2.04 at Bovada Sportsbook - Lost 1.00
Sunday, February 21st, 2021
Maryland Terrapins at Rutgers Scarlet Knights - Rutgers -200
Penn State Nittany Lions at Iowa Hawkeyes - Iowa -11
1 Units for +1.86 at Bovada Sportsbook - Lost 1.00
Saturday, February 20th, 2021
Arizona Wildcats at USC Trojans - USC -6
Virginia Cavaliers at Duke Blue Devils - Virginia -140
1 Units for +2.27 at Bovada Sportsbook - Lost 1.00
Friday, February 19th, 2021
Florida Panthers at Detroit Red Wings - Florida -180
Florida Panthers at Detroit Red Wings - Over 5½ (-115)
1 Units for +1.91 at Bovada Sportsbook - Won 1.91
Thursday, February 18th, 2021
Buffalo Sabres at Washington Capitals - Washington -155
New York Rangers at Philadelphia Flyers - Philadelphia -115
1 Units for +2.08 at Bovada Sportsbook - Lost1.00
Wednesday, February 17th, 2021
Arizona State Sun Devils at USC Trojans - USC -10 (-105)
Utah State Aggies at Boise State Broncos - Utah State +1½ (-115)
1 Units for +2.65 at Bovada Sportsbook - Lost 1.00
Tuesday, February 16th, 2021
Washington Capitals at Pittsburgh Penguins - Pittsburgh -125
Washington Capitals at Pittsburgh Penguins - Over 6½ (-120)
1 Units for +2.30 at Bovada Sportsbook - Lost 1.00
Monday, February 15th, 2021
Chicago Blackhawks at Detroit Red Wings - Chicago -140
Anaheim Ducks at San Jose Sharks - San Jose -115
1 Units for +2.20 at Bovada Sportsbook - Won 2.20
Sunday, February 14th, 2021
Pittsburgh Panthers at Georgia Tech Yellow Jackets - Georgia Tech -210
Minnesota Golden Gophers at Maryland Terrapins - Maryland -160
1 Units for +1.40 at Bovada Sportsbook - Won 1.40
Saturday, February 13th, 2021
Butler Bulldogs at Georgetown Hoyas - Butler +1 (-105)
Duke Blue Devils at NC State Wolfpack - Duke -165
1 Units for +2.14 at Bovada Sportsbook - Lost 1.00
Friday, February 12th, 2021
Florida Atlantic Owls at UTSA Roadrunners - UTSA -175
St. Bonaventure Bonnies at VCU Rams - VCU -145
1 Units for +1.66 at Bovada Sportsbook - Won 1.66
Thursday, February 11th, 2021
Edmonton Oilers at Montreal Canadiens - Montreal -160
Columbus Blue Jackets at Chicago Blackhawks - Chicago -115
1 Units for +2.04 at Bovada Sportsbook - Lost 1.00
Wednesday, February 10th, 2021
Atlanta Hawks at Dallas Mavericks - Dallas -165
Milwaukee Bucks at Phoenix Suns - Milwaukee -175
1 Units for +1.52 at Bovada Sportsbook - Lost 1.00
Tuesday, February 9th, 2021
Detroit Red Wings at Florida Panthers - Florida -1½ (+115)
Tampa Bay Lightning at Nashville Predators - Tampa Bay -165
1 Units for +2.45 at Bovada Sportsbook - Lost 1.00
Monday, February 8th, 2021
New York Islanders at New York Rangers - NY Rangers -115
Vancouver Canucks at Toronto Maple Leafs - Toronto -200
1 Units for +1.80 at Bovada Sportsbook - Lost 1.00
Sunday, February 7th, 2021
Kansas City Chiefs at Tampa Bay Buccaneers - Kansas City -3
Kansas City Chiefs at Tampa Bay Buccaneers - Over 56 (-105)
1 Units for +2.73 at Bovada Sportsbook - Lost 1.00
Saturday, February 6th, 2021
East Carolina Pirates at Memphis Tigers - Memphis -12½
Pittsburgh Panthers at Virginia Cavaliers - Virginia -10½
1 Units for +2.64 at Bovada Sportsbook - Lost 1.00
Friday, February 5th, 2021
Detroit Red Wings at Tampa Bay Lightning - Over 5½ (-115)
San Jose Sharks at Anaheim Ducks - Anaheim -115
1 Units for +2.50 at Bovada Sportsbook - Lost 1.00
Thursday, February 4th, 2021
Washington Capitals at New York Rangers - Over 6 (-120)
Arizona Coyotes at St. Louis Blues - St. Louis -170
1 Units for +1.91 at Bovada Sportsbook - Lost 1.00
Wednesday, February 3rd, 2021
Detroit Red Wings at Tampa Bay Lightning - Tampa Bay -1½ (-140)
Boston Bruins at Philadelphia Flyers - Over 5½ (-100)
1 Units for +2.27 at Bovada Sportsbook - Won 2.27
Tuesday, February 2nd, 2021
Minnesota Wild at Colorado Avalanche - Colorado -160
Ottawa Senators at Edmonton Oilers - Edmonton -1½ (+100)
1 Units for +2.25 at Bovada Sportsbook - Won 2.25
Monday, February 1st, 2021
Vancouver Canucks at Montreal Canadiens - Montreal -165
Vancouver Canucks at Montreal Canadiens - Over 6 (-130)
1 Units for +1.84 at Bovada Sportsbook - Won 1.84
Januay 2021 Record: (10-21) -5.78
Sunday, January 31st, 2021
Dallas Stars at Carolina Hurricanes - Carolina -140
New York Islanders at Philadelphia Flyers - Philadelphia -120
1 Units for +2.14 at Bovada Sportsbook - Won 2.14
Saturday, January 30th, 2021
California Golden Bears at Arizona Wildcats - Arizona -10
Iowa State Cyclones at Mississippi State Bulldogs - Mississippi State -10
1 Units for +2.64 at Bovada Sportsbook - Won 2.64
Friday, January 29th, 2021
Indiana Pacers at Charlotte Hornets - Indiana -155
Dallas Mavericks at Utah Jazz - Utah -170
1 Units for +1.61 at Bovada Sportsbook - Lost 1.00
Thursday, January 28th, 2021
Los Angeles Kings at Minnesota Wild - Minnesota -165
San Jose Sharks at Colorado Avalanche - Colorado -250
1 Units for +1.25 at Bovada Sportsbook - Won 1.25
Wednesday, January 27th, 2021
Detroit Pistons at Cleveland Cavaliers - Cleveland -140
Dallas Mavericks at Utah Jazz - Utah -170
1 Units for +1.72 at Bovada Sportsbook - Won 1.72
Tuesday, January 26th, 2021
Los Angeles Kings at Minnesota Wild - Minnesota -160
San Jose Sharks at Colorado Avalanche - Colorado -210
1 Units for +1.40 at Bovada Sportsbook - Lost 1.00
Monday, January 25th, 2021
Charlotte Hornets at Orlando Magic - Orlando -1 (-105)
Philadelphia 76ers at Detroit Pistons - Philadelphia -6½
1 Units for +2.73 at Bovada Sportsbook - Lost 1.00
Sunday, January 24th, 2021
Tampa Bay Buccaneers at Green Bay Packers - Green Bay -175
Buffalo Bills at Kansas City Chiefs - Kansas City -170
1 Units for +1.50 at Bovada Sportsbook - Lost 1.00
Saturday, January 23rd, 2021
Tampa Bay Lightning at Columbus Blue Jackets - Tampa Bay -165
Los Angeles Kings at St. Louis Blues - St. Louis -200
1 Units for +1.41 at Bovada Sportsbook - Lost 1.00
Friday, January 22nd, 2021
San Jose Sharks at Minnesota Wild - Over 5½ (-120)
Vegas Golden Knights at Arizona Coyotes - Vegas -170
1 Units for +1.91 at Bovada Sportsbook - Lost 1.00
Thursday, January 21st, 2021
New Jersey Devils at New York Islanders - NY Islanders -155
Tampa Bay Lightning at Columbus Blue Jackets - Over 5½ (-115)
1 Units for +2.08 at Bovada Sportsbook - Lost 1.00
Wednesday, January 20th, 2021
Edmonton Oilers at Toronto Maple Leafs - Toronto -150
Arizona Coyotes at Vegas Golden Knights - Vegas -200
1 Units for +1.50 at Bovada Sportsbook - Lost 1.00
Tuesday, January 19th, 2021
Chicago Blackhawks at Florida Panthers - Florida -165
Carolina Hurricanes at Nashville Predators - Nashville -105 - No Action
1 Units for +2.14 at Bovada Sportsbook - Won 0.61
Monday, January 18th, 2021
Buffalo Sabres at Philadelphia Flyers - Philadelphia -150
Arizona Coyotes at Vegas Golden Knights - Vegas -200
1 Units for +1.50 at Bovada Sportsbook - Lost 1.00
Sunday, January 17th, 2021
Central Florida Knights at Houston Cougars - Houston -14
Memphis Tigers at Tulsa Golden Hurricane - Tulsa +2
1 Units for +2.64 at Bovada Sportsbook - Won 2.64
Saturday, January 16th, 2021
Michigan Wolverines at Minnesota Golden Gophers - Minnesota +6 (-115)
Baylor Bears at Texas Tech Red Raiders - Baylor -4 (-115)
1 Units for +2.50 at Bovada Sportsbook - Won 2.50
Friday, January 15th, 2021
Chicago Blackhawks at Tampa Bay Lightning - Tampa Bay -1½ (-120)
Washington Capitals at Buffalo Sabres - Washington -135
1 Units for +2.19 at Bovada Sportsbook - Won 2.19
Thursday, January 14th, 2021
Columbus Blue Jackets at Nashville Predators - Nashville -120
San Jose Sharks at Arizona Coyotes - Arizona -130
1 Units for +2.24 at Bovada Sportsbook - Lost 1.00
Wednesday, January 13th, 2021
Vancouver Canucks at Edmonton Oilers - Edmonton -140
St. Louis Blues at Colorado Avalanche - Colorado -145
1 Units for +1.90 at Bovada Sportsbook - Lost 1.00
Tuesday, January 12th, 2021
Mississippi Rebels at Florida Gators - Florida -160
Eastern Michigan Eagles at Toledo Rockets - Toledo -9 (-115)
1 Units for +2.04 at Bovada Sportsbook - Won 2.04
Monday, January 11th, 2021
Phoenix Suns at Washington Wizards - Phoenix -5½
Toronto Raptors at Portland Trail Blazers - Portland -5 (-105)
1 Units for +2.73 at Bovada Sportsbook - Lost 1.00
Sunday, January 10th, 2021
Los Angeles Lakers at Houston Rockets - LA Lakers -150
San Antonio Spurs at Minnesota Timberwolves - San Antonio -155
1 Units for +1.74 at Bovada Sportsbook - Lost 1.00
Saturday, January 9th, 2021
Kentucky Wildcats at Florida Gators - Florida -4½
Georgetown Hoyas at Syracuse Orange - Syracuse -10
1 Units for +2.64 at Bovada Sportsbook - Lost 1.00
Friday, January 8th, 2021
Phoenix Suns at Detroit Pistons - Phoenix -7 (-115)
Washington Wizards at Boston Celtics - Washington +4½ (-115)
1 Units for +2.50 at Bovada Sportsbook - Lost 1.00
Thursday, January 7th, 2021
Idaho State Bengals at Northern Arizona Lumberjacks - Northern Arizona -140
Montana State Bobcats at Northern Colorado Bears - Northern Colorado -4
1 Units for +2.27 at Bovada Sportsbook - Lost 1.00
Wednesday, January 6th, 2021
Virginia Tech Hokies at Louisville Cardinals - Louisville -5 (-115)
Wake Forest Demon Deacons at Virginia Cavaliers - Virginia -14 (-115)
1 Units for +2.50 at Bovada Sportsbook - Lost 1.00
Tuesday, January 5th, 2021
Northern Illinois Huskies at Ohio Bobcats - Ohio -14½
NC State Wolfpack at Clemson Tigers - Clemson -220
1 Units for +1.78 at Bovada Sportsbook - Lost 1.00
Monday, January 4th, 2021
Monmouth-NJ Hawks at Siena Saints - Siena -145
Maryland Terrapins at Indiana Hoosiers - Indiana -210
1 Units for +1.49 at Bovada Sportsbook - Won 1.49
Sunday, January 3rd, 2021
Miami Dolphins at Buffalo Bills - Buffalo -1 (+100)
Arizona Cardinals at Los Angeles Rams - Arizona -135
1 Units for +2.48 at Bovada Sportsbook - Lost 1.00
Saturday, January 2nd, 2021
Charlotte Hornets at Philadelphia 76ers- Charlotte +10
Oklahoma City Thunder at Orlando Magic - Oklahoma City +7½
1 Units for +2.64 at Bovada Sportsbook - Lost 1.00
Friday, January 1st, 2021
Boston Celtics at Detroit Pistons - Boston -8½
Chicago Bulls at Milwaukee Bucks- Chicago +14½
1 Units for +2.64 at Bovada Sportsbook - Lost 1.00
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Parlays are the Frankenstein’s monster of sports betting. They are wagers that consist of other bets glued together with one another.
They are also a high-risk, high-reward opportunity for the daredevil sports bettor. If you are a Colorado resident who feels like kicking things up a notch, make sure you read this guide to parlay betting first.
How parlay betting works
The first thing to understand about parlays is that they consist of multiple choices. Where other types of sports bets involve your choice of a single variable, parlays require players to predict outcomes on several different bets.
Each selection in a parlay is known as a leg. These bets can all be the same type of wager, or they can be varied. The exact composition of each parlay is entirely up to the bettor.
2 Bet Parlay Payout
Why parlays are so risky (and well-paid)
The escalated source of risk in parlay betting is the fact that a bettor must be completely correct in his or her selections to get paid. Even one mistake causes the entire wager to be lost.
Naturally, as you increase the number of legs involved in a parlay, the chance of an incorrect prediction goes up. So, sportsbooks offer increasing payouts to compensate for the risk.
In fact, parlays with many legs are capable of producing some incredible wins for you. For instance, a successful 20-leg parlay in 2019 allowed a Mississippi bettor to turn a $25 wager into more than $104,000.
Of course, these stories drive more people to give parlay betting a try. However, it’s important to realize that successful parlays make the news because they are so unusual.
In a sense, these outsized payouts are not unlike lottery winnings. A bettor who successfully predicts a string of unlikely events has beaten very long odds, indeed.
Sportsbooks are, of course, more than happy to allow you to take such a risk. Truthfully, if the money you bet on parlays does not affect your lifestyle or living conditions, then they can be a fun diversion for a sports bettor seeking to get the blood pumping.
Parlay betting examples
Building a parlay is exceptionally easy, particularly on an online sportsbook. For mobile app or laptop users, they will usually need only to select the bets they want in their parlay and click a button on their bet slip to set things up.
In the following examples, the wagers we’re using are actual bets offered on DraftKings Sportsbook.
2-Leg Parlay
Bet #1: Moneyline @ +160
Bet #2: Over 230.5 points @ -113
Overall odds: +321
Comment
The first thing to notice is that neither of these choices have particularly long odds. The moneyline is only an 8/5 underdog, and the chosen over was the favorite.
Still, their combined chances of happening are more than 3 to 1. So, even if things are looking good individually, the odds of both events occurring are much less likely, and you will get paid far less often than if you bet each element individually.
3-Leg Parlay
How Much Does A Parlay Payout
Bet #1: Moneyline @ -195
Bet #2: Moneyline @ -455
Bet #3: Moneyline @ -165
Overall odds: +199
Comment
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.
However, the combined chance that all three bets will win is still almost 2 to 1 against. So, bear in mind that in parlays, there’s no such thing as a safe option.
10-Leg Parlay
Bet #1: Moneyline @ +145
Bet #2: Moneyline @ +145
Bet #3: Puck Line @ +118
Bet #4: Over 5.5 Goals @ +105
Bet #5: Moneyline @ +180
Bet #6: Moneyline @ -195
Bet #7: Moneyline @ -143
Bet #8: Moneyline @ -455
Bet #9: Over 231 points @ -112
Bet #10: Spread @ -112
Overall odds: +85379
Comment
Here is an example of how outsized both the odds and payouts for a parlay can get. Here we have a collection of 10 wagers that are all going off at odds shorter than 2 to 1. Yet, the combined odds of all 10 events is a staggering 853.79 to 1!
One other thing to note is that, in order to construct this parlay, we had to choose from different games each time. In order for a parlay to be valid, there cannot be bets that are related to one another – for instance, you cannot bet both the moneyline and total for a single game.
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Parlay variants
Along with standard parlays, sportsbooks commonly offer one or more variants of the combination bets. These variants each have their own appeal, so judge for yourself if you want to try them out.
Teasers
One of the most common parlay variants is the teaser. The teaser is the sportsbook’s attempt to lessen some of the risk that comes with parlay betting.
Quite simply, a teaser allows the bettor to tease, or move, the odds of the bets in a parlay in his or her favor. Teasers are only permitted for point spreads and totals – it wouldn’t really make sense to try and apply a teaser to a moneyline.
You must adjust each leg of a teaser by the same number of points. So, if you move one of your selections by five points, all of your selections must move by five.
However, the movement will always be in your favor. So, a bet on a favorite might reduce the spread, but a bet on an underdog would increase it.
Of course, nothing is free in this world, and teasers come with a price. Specifically, a successful teaser will not pay out as much as a parlay with the same selections. The sportsbook charges a premium for the reduced risk.
What Does A 2 Bet Parlay Pay
Still, for a bettor who wants to try parlays but doesn’t like the risk profile, a teaser might be a way to slide into things. The odds will still be long, but maybe not as unacceptably so.
For more information about teasers, click here.
Pleasers
Parlay 2 Payout Calculator
Please be aware that sportsbooks will sometimes offer a parlay variant called a pleaser. While they are less common, they are simply the mirror image of teasers.
So, the odds in a pleaser will actually be worse than a standard parlay. However, the associated payout will be higher to compensate for the increased risk.
If a parlay just isn’t risky enough for you, a pleaser might be exactly what you’re wanting. Keep an eye out for them.
Round Robins
Round robins are a fascinating variant of parlays because of their margin for error. Almost every parlay requires perfection to pay out, but round robins have no such requirement.
Round robins are bets that are combinations of parlays. If parlays were a mathematical concept, round robins would be the next power of exponent to them – the cube to parlays’ square, so to speak.
Since they are composed of multiple parlays, it is possible to win a portion of a round robin even if one (or more) of the parlays fails. The different permutations mean that parts of the round robin might not be affected by the doomed parlay.
If you’re confused, don’t worry.
How Much Does A 2 Team Parlay Payout
Example
You have 5 bets (A, B, C, D, and E) you want to make. You could make a single 5-leg parlay that would look like this:
- ABCDE
-or-
You could make a round robin with 10 separate 2-team parlays in it. Here’s how it would look:
- AB
- AC
- AD
- AE
- BC
- BD
- BE
- CD
- CE
- DE
Now…let’s say that you lose bet B.
In the case of the parlay, the entire bet is lost. However, in the case of the round robin, six of the parlays are still alive and well:
- AC
- AD
- AE
- CD
- CE
- DE
2 Team Parlay Payout Calculator
So, even though the loss would’ve been disastrous for the straight parlay, it’s not the end of the world on a round robin. If you want to do some parlay betting but want to have some backup options, a round robin might be the way to go.