Understanding Parlay Payouts And Odds In 2024

Parlay payouts are always going to depend on multiple variables. If you are playing the money line, you can substantially raise your possible payout by choosing underdogs. Hockey and baseball are parlayed differently than football and basketball, though the basic definition is the same.

A parlay is simply several wagers combined into one large bet. If any portion of your parlay loses, the overall parlay bet is graded as a loss. There are several parlay payout calculators found online which are free to use, but today's legitimately licensed sportsbooks make it very easy to see exactly the possible payout you can expect. Simply log into your account, and choose multiple bets at the same time. You then enter the amount of your wager, and your parlay betting slip will show how many legs you have picked, and the possible payout before you place the bet.

It doesn't matter whether you are wagering on NHL, NBA, NFL or MLB action, or any available college sports. The top Internet sportsbooks provide you this on-site service so you do not have to go surfing all over the web trying to figure out what your parlay payout is going to be.

You should understand that even the most legitimate and reliable Internet sportsbooks will often deliver different money lines, totals, spreads, and prop bets. And many will offer different pay tables when you place a parlay wager. Sports like basketball and football will generally use fixed pay tables, while money line wagering on hockey and baseball means that your parlay payout will depend on how much of a favorite or dog your teams are.

When you log into your sportsbook account, you should be able to find a parlay payout chart for those sports which use fixed pay tables. And you can always contact the customer support team of any of the legitimate top operators we list here for a thorough explanation of parlay payouts.

Top Online Sportsbooks
Offering The Best Parlay Odds And Payouts For 2024

Bovada Sportsbook Promotion

Site Name4 Team Parlay PayoutBonusUSA?Visit Site
Bovada Sportsbook$100 Bet Wins $1258.4550% Max $250YesPlay Now
Bookmaker Sportsbook$100 Bet Wins $122850% Max $300YesPlay Now
Betonline Sportsbook$100 Bet Wins $120050% Max $1000YesPlay Now
Sportsbettingag$100 Bet Wins $120050% Max $1000YesPlay Now

How To Secure The Best Parlay Payout Odds

As has been mentioned elsewhere on this site, belonging to more than one online sportsbook allows for bettors to shop the odds and find the lines that supply the easiest path to victory. Combining the best odds on the market into your parlay heightens the odds without any additional cost.

Because point spreads and over/unders are set so accurately by oddsmakers, variances occur more often than in money lines. If bettors stick to combining spreads and totals into their parlays, a higher probability of winning can be attained at online sportsbook sites.