Football Parlay Betting
Once considered fun wagers or even ‘sucker bets,’ parlay betting is now considered a smarter way to bet on favorites – in some cases. Parlay betting is a form of football wagering where you pick two or more games on the same ticket and get a better payout (profit potential).
But the trick is that all the games on your parlay ticket (also known as accumulators by some sports bettors) need to win in order for your bet to win.
How does parlay betting work?
First off, find the games you want to bet on and make sure they are smart bets. Parlay betting is more of a high-risk style of betting, but you still want to be smart about bet.
Next log on to your favorite sportsbook in your state and open up the football betting tickets. Click your first game. Click a second game. Click a third game if you want to play a 3-game parlay.
Click the ‘parlay these bets’ link or button (your app or mobile sportsbook should make this easy, if you are not sure, consult the Help sections or live chat), choose how much money to bet, and then confirm the wager.
The menu will confirm your three selections and tell you how much you will win if all three games hit. Then, watch the games, cheer on your teams and hope the betting gods are smiling on you tonight!
What parlays pay out?
True parlay odds will vary slightly based on how much juice the sportsbook is charging for a bet. But assuming you are paying a standard -110 commission (more on juice or vig here), the parlay payout chart below is pretty close.
You can see the payout on a 2-game parlay is attractive, if you are betting two huge favorites. That is better than 2-1 odds, which sometimes means NFL parlay betting is your best option to maximize your profit.
If any games are a push (or tie) in your parlay bet, then that game is removed from the ticket and your parlay defaults to the next number. For example, if you bet a 4-game parlay and one football game at -6 ends 26-20, then that game is a push. The parlay ticket becomes a 3-game parlay and your resulting payout odds move down to 3-game parlay odds.