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Parlay Cards
Bet Type: Exotic
In Brief: Parlay Cards list the possible payouts per number of teams or bets in a parlay
Parlay betting can be fun and exciting, especially when you have an inside line and could win big with a relatively small bet. Parlay Cards are essentially mini-guide books to how your sportsbook pays out parlay winnings. A "traditional" parlay card is often used in many Las Vegas sportsbooks, in addition to a few offshore sportsbook operations. The parlay card lists the number of teams or bets wagered, followed by the payout for each respective amount. Bookmark this page now: You'll want to check back when you bet your next parlay and see what kind of money you could win!
Traditional Parlay Card
2 Team Parlay: 13 to 5
3 Team Parlay: 6 to 1
4 Team Parlay: 10 to 1
5 Team Parlay: 20 to 1
6 Team Parlay: 40 to 1
7 Team Parlay: 75 to 1
8 Team Parlay: 100 to 1
9 Team Parlay: 150 to 1
10 Team Parlay: 300 to 1
11 Team Parlay: 450 to 1
12 Team Parlay: 600 to 1
13 Team Parlay: 750 to 1
14 Team Parlay: 900 to 1
15 Team Parlay: 1500 to 1
What do all those numbers mean? To explain, have a look at the 8 team parlay payout as an example. You'll notice that the payout is 100 to 1, which means for every $1 wagered, a successful bet will return $100. Thus, a successful $1 8 team parlay pays $100 and a successful $5 8 team parlay pays $500. Most all of the payouts are expressed as n:1, where n is the ratio of money won per dollar. The only exception is the 2 team parlay, which is the easiest to win: for every $5 wagered, you'll get $13 in return. So, a successful $10 2 team parlay bet pays $26, while a successful $20 2 team parlay wager pays $52.
Like any other wager, parlay cards come with their own terms and conditions. The following is sample set of parlay card terms and conditions. Please review your sportsbook's House Rules or Terms and Conditions carefully to see what restrictions are placed on parlay bets.
- 1. If you lose any game on your parlay bet, the entire bet loses.
- 2. If you bet a 2 team parlay and any of the games ties the spread, the parlay becomes a straight bet (essentially the game that ties is null and you get standard odds on your remaining game).
- 3. If 2 or more teams push in a multi-contest parlay, you don't lose: the parlay drops down to the next payout level. For example, a 4 team parlay with one a game push becomes a 3 team parlay. Likewise, a 10 team parlay with a one game push becomes a 9 team parlay. If two teams tie the spread, you subtract 2 games from your parlay game total: a 6 team parlay bet with 2 pushes becomes a 4 team parlay. Two or more pushes is rare, and most of the time, if there is any adjustment in the parlay, it will be the result of one team pushing.
- 4. Maximum Parlay bet payout: Most sportsbooks specify a Maximum payout on any one parlay bet. Usually, this amount is in the neighborhood of $100,000 USD (or whatever currency you're using). This provision is meant to protect the sportsbook from paying out a huge win, especially in the rare event that a huge parlay bet comes in. If, for example, $100 was bet on 15 teams, the potential payout would be a staggering $150,000. The maximum payout rule is a sportsbook's insurance policy against run-away parlay bet wins.
The one rule that is universal to most offshore sportsbooks is the way the wager is treated if one of your bets pushes. As explained above, anytime a bet pushes, you don't lose. Instead, the parlay moves down one unit to the next payout amount. Therefore, a 10 team parlay with one push turns into a 9 team parlay. A 4 team parlay with 1 push becomes a 3 team parlay. 2 pushes are rare, but if they do happen, 2 units are subtracted from the parlay amount: a 6 team parlay with 2 pushes becomes a 4 team parlay, just as a 11 team parlay with 2 pushes becomes a 9 team parlay.
If any of your sportsbook's rules regarding parlays are confusing or contradictory, call customer service and ask for an explanation before you bet. In most cases, support representatives can explain bets more clearly over the phone or by email. Don't bet blind or else you'll get whacked with a huge loss!
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